Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I telephned deloitte today & asked them what the agenda is going to be, it is not looking good, this is what I was told: " the purpose of the general meeting tomorrow will be to adjourn the general meeting indefininately, there is no resolution no questions will be taken as hibu are in administration" I asked why no questions can be asked & was given the same answer. someone needs to make sure these questions get asked & that Deloitte confirm receipt of the questions & that they will get answered. Good Luck to all that are attending. I
Occasional I glance at HIBU surprised mostly to see that it is still on LSE, even more so to see the level of debate about something that is dead and gone. For those that have hope remaining I wish you well, but this is a period of morning, there's little point I suggest digging up the coffin and asking a doctor for a second opinion. HIBU is dead and with it your money. I had a few for a while, it was a punt I got a bloody nose and walked away with a lot less than I put in just before the end. My experience says you will get nothing from this and your time and effort would be better spent on something more productive. I know some lost a small fortune but there were warnings and those that failed to heed them will have learned a singular lesson. No I don't have shares in HIBU, neither do any of you any more! But best of wishes to those flogging this dead horse prove me wrong and I'll be happy for you all.
For those planning on attending tomorrow don't forget to bring photo id with you.
BP I agree that Deloitte have a responsibility to answer questions on 'Conflict of Interest' which will, I'm sure be one of many HSG questions going into the future. I am of the opinion that the BOD seriously underestimated the reaction of the shareholders. This situation is not going to go away anytime soon. It's a pity that information posted on the HSG members website cannot be posted here as it would give a more pragmatic understanding of how the company managed to get into this position and would give a little more credence to why the group are persuing the issue so vociferously. All I can say is if you are a shareholder and can attend tomorrow - do so it will be in your long term interest.
No ranting from me Khan since I wasn't dumb enough to invest in this :) How do you know I would have moved on? I have an interest in how this kind of thing works in general and more knowledge on the topic than most so you will just after put up with me. In the last email I was actually trying to be helpful (as always!)
BP if you are truly a bystander and have no financial interest in this company you would have moved on by now. Your constant ranting speaks volume. Do-little have been advising Hibu and now they have become administrators too and you are advising people to ring them and ask if the EGM will take place or not. The EGM will take place and no one, no one can stop it. No one is saying that shareholders will out of EGM with a settlement, we know the outcome and you alongwith BoD know the significance too.
Business is either defunct or it isn't. Wiping out debt and shareholders and then going on again is a joke, no wonder not of the digital stuff was rolled out. All kept back for a marquee relaunch. At very least previous shareholders should be offered heavily reduced shares in newco (if they are brave enough to) in effort to reduce losses.
Excellent. Deloitte have been working with the BoD for two years so I'm sure they can help with some of the questions arising over that period. Their original scope was to undertake diligence on the business plan (the one with Pococks blue sky ideas). They are widely thought to have been very soft on that such that the lenders looked at replacing them last year. They almost certainly had some form of duty of care to the lenders. All that being said I think they will just stonewall you with info on the process and not much else. They are likely to explain some of the points I've been making on here about the business being insolvent and the directors duties in such a situation. I don't think you'll come away feeling any more informed and certainly no happier. Angry mobs generally get nowhere.
Criminal liability is imposed for obtaining property or pecuniary advantage by deception and for false accounting. Where such an offence is committed by a company with the consent or connivance of a director or other officer, that person will be liable as well as the company. Also, an offence will be committed by an officer of a company who, with intention of deceiving members or creditors of the company, publishes, or concurs in publishing any written statement or account which he knows is or may be misleading, false or deceptive in a material particular (including by way of omission) (Fraud Act 2006, sections 1 to 4 and 12; Theft Act 1968, sections 17 to 19; and Theft Act 1978).
Yes the EGM is going ahead. Deloitte's letter to shareholders says that Deloitte will be there but no other representative from the company will be in attendance. And who can blame them. There's going to be a lot of shareholders there and I don't think they will be in a good mood!!
I'd be extremely doubtful that this EGM can go ahead. Who is going to pay for it? Given the company is in administration then the partners at Deloittes are responsible for any costs incurred and I'd seriously doubt if this was seen as a justifiable use of creditors funds. If I was a shareholder I'd demand proof that it will go along. Maybe call Deloitte in London and ask them?
I refer you to Buster66's entry earlier, notably the last sentence in, "PLEASE STILL ATTEND THE EGM. It is important the meeting goes ahead as planned and the resolutions are passed as well as others that may be raised by HSG on the day. Deloitte do not have the powers that they are trying to convey in their communications with holders so don't be fooled into staying away."
Hi, I should have said, that you should try to come to EGM It is important for you to attend the meeting which STARTS at 9.00 am, on Wednesday, 4th December, 2013, at the Royal Berkshire Conference Centre at the Madejski Stadium in Reading ….. Registration begins at 8.00 am for the meeting to start promptly at 9.00 am. Please be at Registration by 8.00-8.30 am…. Warning: The meeting will NOT wait for stragglers or those in a queue to be allowed entrance, so do not rely on a smooth road or rail journey. Thanks, guys. See you there.
What is the point of attending please? No one from the company will be there and the resolution results (I presume) will not be released via a RNS? Do the HSG then plan to take the minutes and vote statistics to the head office and present them to the CEO? I support what the HSG is doing but cannot see how this is anything more than grand standing?
I would like to say though, good luck to all genuine holders & hope that you get some of your investment back.
Travel information - hope it helps someone.... Reading Central Railway Station Is located in the city centre, almost 4 miles from the venue. There is a small M&S food hall in the station, with other smaller shops. For cafes and cty centre shops, exit on Forbury Road, and with your back to the station, walk straight on, down any opposite road. Shops are literally 2 minutes away. Taxi Cabs Many black cabs at and diving around the station, parked in the road leading to the Garrard Street car park, and in Friar Street. Approximately £6 cost to Madejski Stadium. By Car Sat Nav Postal Code - RG2 0FL I have enquired and been told that parking at Madejski Stadium for conferences is free. Fyi, if we want to go into town and celebrate! There is a Park & Ride service, so you can leave your car and take the Madejski Stadium bus into town. Bus fare to town one way is £3/£4. Note that parking in town is very expensive, around £17 for the day, and permits are required to park cars on the street within a mile of city centre. The Venue http://www.rbcc.org.uk/ Royal Berkshire Conference Centre Madejski Stadium Reading Berkshire RG2 0FL Tel: 0118 968 1333 Site gives these directions: "CAR From M4 Junction 11, take the A33 to Reading through the traffic lights. Straight ahead at the mini roundabout, at the second roundabout turn left, at the next round about take second turning up the hill towards the stadium. Follow the road around the stadium over the two mini roundabouts and pass the hotel entrance on your right. Car parking is available in the blue car park in front of the Mega Store, entrance to conference centre to the right of the Mega Store. BY TRAIN TO READING, THEN BY TAXI Once arriving at Reading Central Station, leave the station out of the main entrance taxi rank is located to the right hand side. MADEJSKI BUSES From Bus stop "SI" located outside of Reading Central Station, this bus service operates every 8 minutes to and from the Madejski Stadium/Royal Berkshire Conference Centre." I understand the Madejski Stadium buses start early (around 6.00 am - person unsure) and finish running at 8.45 pm. The correct change might be required. Also, Google Maps tells me (I don't know for sure) you can take bus number 50 from Station Road, off Forbury Road and opposite railway station. 4 miles from town, so would take 25-35 minutes. Hotels Apparently, there is a Millennium Madejski Hotel which is linked to the conference centre, tel 011 8925 3500, but very dear – asking around £170/night. Reading is expensive to stay in overnight – cheaper to stay outside Reading and travel in, if you want to be close to the venue the night before.
I want to hear more about Barcelona! Seriously, if you haven't joined HSG there is still time, I was really down and out last Wednesday but things are moving OK now. It may be your only chance to catch up on news shortly because let's face it LSE may take this board down soon.
PLEASE STILL ATTEND THE EGM. It is important the meeting goes ahead as planned and the resolutions are passed as well as others that may be raised by HSG on the day. Deloitte do not have the powers that they are trying to convey in their communications with holders so don't be fooled into staying away.
Gaius Cassius Marcellus stabber in the Louisville proverbial! Succumbed to the bs of the infidel! Believe in the Kafka that this was premedidated brainwashing and only hsg are aware. why don't I see court proceedings against UK entity?
I see that this share has taken a hammering recently.... if i was invested here i would b looking to re coupe some loses. ACP is where i would head, with news on the way this week its only going 1 way and thats north... buy acp
Well you can't say fairer than that BP. Love Spain but never been to Barcelona, by the way. Last time I strolled down Gran Via similar approaches were made to me but the price was quite a bit higher. Capital cities eh (won't get into the politics here!)? Anyway, I declined - they're a little too carnivorous over there, I think, to be offering such unsolicited services. Enjoy the rest of the weekend and thanks for the well wishes. We'll see. Definitely signing off for a bit now.
Hello Piler - haven't been ignoring you but have been on a two day bender in Barcelona. What a place! Can't walk back to your hotel in the early hours without being offered oral sex for €5. Very disturbing. Anyway, I'm not sure about the requirement you refer to but assume you are right. Not sure who is going to take action and if anyone does what the punishment will be. Not severe enough in all likelihood. I think you need to give the administrators and ultimately the liquidator a clear message that you expect the allocations of wrongdoing to be properly and thoroughly investigated. I really do wish you well in sticking it to these cowboys.
I just caught a repeat of Celebrity Who Wants To Be A Millionaire on Challenge, and, with the help of Freddie Forsyth, they answered correctly that Brutus (not Cassius, Caesar or the other answer I can't remember) was described as the noblest Roman of all. I knew that too purely because the work in question was on our reading list at school, and it made me consider whether Wigley has inadvertently played the role of Brutus in all this to Pocock's Cassius: "Let me have men about me that are fat Sleek-headed men and such as sleep o' nights Yond' Cassius has a lean and hungry look He thinks too much: such men are dangerous" Only I still find it hard to believe he'd have made such a strong pledge to safeguard...., etc., only for shareholders to have been kept completely in the dark if his strings weren't being pulled. Might check back in here next week if it (this BB) hasn't been pulled following this week's 'developments'.
Did u join HSG?