Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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You are not liable for the company's debts You.can do an off market transfer -if you can find a buyer
I'm not a newbie - but have very little meaningful knowledge of share holder liability - I'm invested in KEA (Ha..!) but have no concept in context of where I am as a share holder - i.e. can I sell, when can I sell, what are the immediate risks (apart from not being able to recover my investment) etc etc.. AND to what extent share holders are liable for the company's debt..? Your help would be much appreciated
sorry Onion missed a button you are correct, not 1/100th its 1/1000th of the value as you say ,they are nothing but crooks with no management skill what so ever, happy to waste shareholders money on themselves.
1/100th correct,the sheriff of Nothingham would have been proud of IGS, this performance, puts Robin to shame, who in their right mind could fund this plonker moving forward ,maybe the unwarery who haven't heard of Ian the muppet....
Two years ago, this share was 10p. Then it dropped to 1p, and then there was the 10:1 rollback, and soon after the new shares had dropped again to 1p. Then along comes this proposal, which would drop the new shares to 0.1p. So the shares are worth 1/1000 'th of their value 2 years ago. A proud record indeed for IGRS. I guess he might now drop in a half mill at 0.1p to end up with 50% of the ongoing company, with all other existing shareholders effectively diluted right out.
guys,in this scenario there is nothing for the shareholders the BOD and IGS have overseen to this but by the smell of it there is still plenty of upside for them, I would go as far as calling them deserters, you know what the punishment was for deserters in the old days but nowadays its the shareholders tough luck for believing the bull****.nothing left here now not even for a chip butty. we need to actually be informed what they plan to do with the investment company and the subsidiaries, some tax losses in there that will have some value.
even with a minimum of 880k barrels at a low price $60 equates to $52.800000 = £35.2 million the total value that could be achieved for the PUKA field not forgetting the Shannon Prospect which they believe has a high chance of 20%.. so it seems like they have sold all the info including 3d 2d seismic + Infrastructure everything for .2 of the total value of the company in a fire sale.. why was it a fire sale in the first place? I would ask everyone to reject this proposal as it does not give any value to us shareholders at all. Why are we being sold so cheaply is the question. I know we are tight..get rid of all your directors and fully rent the west minister office... work from home.. worst case I will approve the sale but no further funding or anything for the directors to continue the business.. we will not get any value back no where near what we could have got... we should have retained a small amount of stake in the PUKA license even 10% would have done us fine. but nothing for nothing ain't gonna work.. IRGS if your reading this.. you need to do better than this?/
MEO own 30% of that license.. so KEA have sold the remaining interest for £222,550 having spent 20 million this is completed Bull**** deal.,, next to nothing!!.. I'm sure the 800k barrels are worth more in the ground and the potential 20% chance of success is worth a lot to a company.. what about all the up front costs to KEA that were encountered.. one of the worse deals out there.. I am not approving any of the deals.. and then wants to raise another 1 million as an investment vehicle.. it's like they were writing a large RNS to contain all the bull**** in there head.. complete farce.. not getting any off my support anymore.. let it go... but I will research on this 'Caliera Fund Limited' too see if is anyway linked to these scumbags.. so if they drill Shannon and hit we all lose out.. as we have no interest we do not even get any royalty at all.. that's how i'm reading the RNS unless i've missed something obvious!!.. MEO benefit is well.. if that company hits they will get 30% of the revenue is well.. we shareholders are left with nothing.. there is no shareholder value here.. everything happens at a snails pace here.. my 97% is better off nothing having anything rather than approving the EGM and they use money to invest in other sectors and take wages and leave us with nothing.. even if they do we will not get anywhere near the value that has been lost.. so not worth it.. about financing well they said they could not do it under a penny they are now saying we are overvalued and cannot do it at 1p.. is this a joke!!.. i've seen many companies raising capital at less than 1p like SOLO and SER.. how come we have not done this.. even if that meant having more than 1 billion shares don't care.. this is the worse deal for 222k.. IRGS shove it up your arse!!
thanks for getting back to me,let me tell you they are split in this deal between the board members that's how, nothing for the shareholders as usual, cant believe the proposal they are putting forward under the shadow of its in the AIM rules that it has to be done this way,what a crock of poo's.just more garbage from IGS and his cronies.
Let me ask you some questions how is the assets are split
have you been on the drink again, reads like it, cant see anything you say in your recent posts as concrete, watch out for the victim.
What happened your wonderful 8th June RNS prediction? Btw, everything is gone - everything.
Read every single rns he will not forgot to mention we are in talk with jv partnering negotiations are on going he mentioned this deal .
Guys just digest the rns with the attention to detail this is not a asset disposal it's on paper and for aim rules only .its a jv agreement where it kea was in a financially good health the money should have change hands it's asset swapping for raise more funds and keeping 30% of asset interest and change into a investment company and share a small % when it's come to Shannon drill once the company is stable from financial it's a reverse take over its more complicated I am understand why Ian do t won't this to go bailiffs he and his family and friends got millions tied up .look at the company they are dealing with its a oil and gas rescue plc in my terms where if directors have money tied up they go to there guys they will help them short term to recover and eventually get there money back this a long term strategy at least one year .....i am sorry if I am going to upset some investers here but this is the real picture he will not let this go down the drain he got lot to loose than any one in kea
Bigfella, sorry to have to tell you but you won't be selling out. The shares are suspended and the BOD have indicated that the suspension will only be lifted if the deal is agreed by shareholders. That's just one of the things that makes me mad. They have put a gun to our heads. Mind you, even if the shares are reinstated the SP would collapse. Hard to belive that could happen, when we are only valued at 1m anyway. Our only hope is a White Knight and that is very unlikely. I'd be delighted to have the opportunity for a takeover, even for someone else's "paper". At lease our assets would survive with us for another day.
deal to say the least here guys, very unfair to chastise the BOD well my dear friend and shareholder they got you into this position with the poor management and guess what it aint going to get any better for the s/holders.one of the directors of NER is a failed member of NZEV who had it all but blew it in the permit next door to Puka, Caleria you will find is an associated party, and then on top of that, Kea wont entertain a higher offer from any party they didn't say anywhere they were going to give our limited value away for nothing, the assets could have been put out to tender. very very smelly to say the least,and on top of that they are inviting you to subscribe for more shares at one tenth the value they went crowd funding on, Christ how much more of this do the public have to endure ,these lying cheating muppets, THIS BOD is an absolute bunch of crooks should be behind bars. pretty disgraceful performance with 40million pounds.
i dont even know why i bother to keep checking up on this total monkeys breakfast of a share,thousands lost by me and thousands more others and still the hits just keep on coming....Mr Smith,i dont think that anybody with a brain cell will ever take you seriously again me old duck,come monday i will sell to get out and if it ends up as 5 quid i,ll be happy that i didnt give you all my investment,only about 8 grand of it.I may buy a scratch card on tuesday.Been an interesting few years,i have enjoyed the debates and the banter
Spu, maybe it is very unfair to suggest it about the BOD, but I have an awful feeling that the answer is out there. Maybe after not eneough PIs showed interest on the primary bid thing, they felt we were there for the taking. Otherwise, why would they even "throw away" their own previous investmenst. And that is the one glimmer of hope i held on to that they had invested and so would not throw it away to someone else for tuppence! gerhart The more I think about this the more it depresses me. We either accept the lousy deal or the Co goes into liquidation. And then someone gets to buy the company's assets cheap off the liquidator. Wonder who that would be.... Maybe the BOD know it's sh@t deal and hope it will be rejected? Our only hope is a White Knight who sees the value and is prepared to take a chance. Though there is more chance of me winning the lottery!
we need to look deep and I mean DEEP into the links between the BOD and the potential purchasers of our assets. It could be the BOD who are the personal Phoenix from the Flames winner...
I know you're joking now because nobody, I mean NOBODY, could be that stupid.
And another thought: At one of the presentations IRGS said Shannon was such a good prospect that if it was a private Co he would gamble and put all the money in. So why doesn't he even try and put a slightly better deal forward for the whole Co and then he can have it and put in all the money for Shannon! This just doesn't make sense to me.... Something just doesn't add up here....And before anyone jumps on me - yes I am only too aware that we are in a deep hole!
Still trying to di sect the RNS and get my head around this future plan.
I cannot believe these thieves...how can they expect anyone to follow them on this rubbish ? ... What will they do with only $1m ?? Stuff their pockets and ride this till the very end...... But it needs to be said,,, it's good work if you can get it :( .. I am seething right now.. Already done lots of my hard earned money here and feel sorry for my fellow investors who have also been played..... I wonder if any of the fuc@en bod feel embarrassed or sorry for their actions,,,,I very much doubt it Good luck all
So investment company it's going to invest back in to Shannon through another company .All the debt is settle looks like there is a new chapter opening up