Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I have messaged Zak to see if he can clarify also :)
A simple email - this is the expected outcome by the company g3e would suffice.
Sp would plummet not go up that week, surely.
I spread betted a long position so this could be interesting as well haha
Maybe another RNS /media update tomorrow with more know how:
alliance news, share news, zak mir.
The PDF came from JPL, who have taken over the assets, thats their role, left over assets distributed to shareholders. Maybe it is the wording and full lack of clarity which is the annoying aspect here.
Guys what will be will be , I have also sent an email to the lady that defines our G3E monies so let’s see how helpful she might be , obviously for me and all you guys investing here small or large I hope she says green dragon is regarding the rns so we all can cheer up a little :)
The company is not insolvent or in administration either.
Sell assets via JPL, which was the plan?
Pay-off creditors - that was the plan?
All moneys from sales If company is solvent goes to shareholders.
It’s definately not in administration like a debenhams
If this was the plan might have been nice to let the shareholders know!
Nothing makes sense lol. Hopefully a clarification RNS tomorrow as that one makes zero sense and goes against everything they set out to do. Unless it’s to a T on that June rns. Meaning gone to plan.
I’ve just emailed Rebecca Rohan
Will let you know if I get a reply.
Gonna open a bottle of red now and drown my sorrows : (
I’m totally lost haha
I have to wonder how realistically in a court of law with the amount of assets on show , contracts , money in bank they could not come up with an agreement on both sides ??? That makes absolutely no sense at all
So from that then it looks like it all went to plan
So confusing I need another gin
Mon, 15th Jun 2020 15:07
G3 Exploration Ltd - China-focused coal bed methane developer - Says Grand Court of Cayman Islands grant four-month adjournment to company's winding up hearing and provisional liquidation, to allow G3 to advance restructuring options.
I didn’t drown ! Maybe that might be a good sign ? Lol
So nothing at the court could be agreed by both parties so they both had to shut up shop. That might have happened.
Is it meant to be poorly worded? As his Lordship has not written final judgement?
And pdf.
Last time year the original hearing in December was to wind up G3e. When it went to court they agreed to appoint JPL instead of JOL. After much delays ( Covid etc ) we had an announcement to say that the jol would be acting as jol in order to wind up and liquidate the G3e subsidery green dragon gas which holds all the gas producing assets, pay of the debt and G3e would continue as an exploration and investment company. This had the full support of the company and the JPL
The term “winding up” is not being used.
Pay creditors “if solvent to it’s shareholders” is mentioned in pdf. Which we would expect.
The suspension was/is supposedly temporary from G3E perspective.
No delist mentioned. But the website is down.
Doesn’t make any sense. So the court case was to agree winding down of Green Dragon and selling assets with the CEO stating it was to the benefit of shareholders, now end up liquidating the whole company and shareholders get whatever is left. That can’t be right. Surely a poorly worded rns
Instead of having a shower I’m off to drown my self in the ****er lol
Well I wasn’t so lucky to take my stake from so hit and hurt and learn () but if nothing else watch from the sides over the next few months to see what might be left , I cannot imagine for one minute anything at all but never know !
Iknownuff. I can’t correct you as you have understood it the same as me.
Mccarrick. I took my original stake back out but this will still hurt if it’s has disappeared up its own ********.
We need more up to date figures on those assets.
Always had my suspicions with the randeep of old !!, but if he has gone about this in this way for this outcome I’m not quite sure how he for instance would be better off ? Green dragon assets being blown over to G3 would have paid sweetly surely ?
Is this the plan figgy? Randeep is the biggest shareholder after all?
Not good Mark and as normal from the plonker Randeep. I sold a while ago but always keep an eye on this. Hope you can salvage something from this.
Yes mark , this is what I understood. Now the amount of trades within the last few weeks to suspension there could be no way surely regarding the size of buys etc that this outcome would if ever been the case and correct me if I’m wrong the court case was for green dragon to liquidate and not G3 yet green dragon has not had a mention ??? That is more than odd !!