Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Looks like its a lot of padding to say this is heading downhill and quite soon
I bet he's regretting letting Nick Lee convert £100k into BST shares and not just because of the abysmal SP performance and the rubbishing of founding management by its promoters. He could have used that money to go over 5% at NTOG and gain the extra shareholder rights. Oh and has anyone else noticed that NTOG has the same registered office address as BST and that Lofgran was a director of Paternoster when they bought their 8% in 2015? I don't think cynicism is a all out of place here.
a lot of disgruntled investors on the NTOG board about the way their share has performed over a long period of time......lies and false dreams (sound familiar?) this could be the end of our shares as well.
BT maybe taking a leaf out of Nick Lee's model, think he may well next take a seat on NTOG's board using Eridge shareholders funds to furnish his life style. It is time shareholders funds were substantially returned to them save for those required to pursue any pending litigation. There have been 2 Bod members who cannot carry out the basic of admin duties such as produce accounts and financial statements on time, only if they had any moral compass they should not be drawing any pay.
we have just bought a large chunk of NTOG shares......can't be any worse than Big Sofa surely
Hi Chris,
Thanks for the info. Interesting that Barclays could produce a certificate.
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Quote from my broker:
Each fund is different as to whether you can transfer out a delisted stock into own name. African Battery Metals you could but with Eridge Capital we have been informed that it is not possible. This is not a decision that is made by us.
As per my previous email, Eridge Capital needs to remain on the account until HMRC advise they are null & void.
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I also have some Regent Pacific listed on the HK exchange (formerly PLE.AIM) shares in the ISA which is also causing the broker some teeth sucking when asked to liquidate these. Other brokers sent out share certificates automatically when they changed to the Hong Kong exchange, but not mine!
I've just asked the question to see if they can transfer direct to another ISA which will not cause me on-going charges as it's connected to my SIPP. I'll see what they come back with.
All in all I get the feeling that they want to hang on so they can gather in the increased fees that they are hoping to charge me in perpetuity from the 1st March!
Cheers
Bill
Hi,
I use Barclays Stockbrokers, they let me close down my wife's ISA and issued a certificate in her name for her NEW shares.
If your broker won't let you close down your ISA because you only have NEW shares in it I would buy some other shares and then ask them for a certificate for your NEW shares. Once you get it I would then sell the other shares and tell them to close your account.
Failing that I would transfer your holding to another broker.
ATB
Chris
I'm trying to close an ISA but the broker who holds the share certificate has said it can't be sold (natch) and they can't issue the certificate in my name.
Because I can't empty the ISA they can't shut the account until the company relists, or HMRC declares it as a negligible value share.
Boxed in, anyone got a way around this?
Thanks
Since we both know exactly who each of us is you are not saying anything that you didn't say during the Reynolds and Lee regime. Your blatantly selfish and, worse for the rest of us, short sighted analysis hasn't changed.
Two external things have changed, though you may not have noticed them or understood their significance . Ben has since spoken out against the Reynolds regime, although he can't yet see/admit that Lee let him down further and for longer. He has also finally recognised that Cornhill, two years ago, pleaded guilty in a quasi legal tribunal to shafting this company and that there is there is cash to be recovered from them even with their new leadership. I'm pleased he is now pointed in the direction that I have steadfastly advocated since it became apparent that this suspect company had become effectively part of an extremely dubious and much wider enterprise in 2013. The written off Eur1m to Dr Alfahaid, the $4.8m from Niel Petroleum and the still unexplained legacy issue that caused Beaumont Cornish to force the de-listing testify to that. If only you had listened at the time I could now have retired to the golf course.
So, if not going after the advisers and directors for recompense of fees, then what are the most recent pairing trying to do? You and some of the rump must have information that is not made available to the vast majority of the holders of the 4.7bn shares in this company. Ah, yes! Re-reading your post I see that you do.
That was also aimed at GheeBhee and not isas - huge apologies Isas.
Not much to expand on apart from i fully support ben and stuart and what they are trying to do. What i dont understand is people still coming on here bashing the conpany. They need to get over it.... move on and find something else to moan about.
W1LLM- appreciate if you could expand a little on your comments. Holding 2m from way back and would welcome any return at this stage.
Your views etc most welcome.
Thanks in advance
Isas.... not sure you know whats going on and fully qualified to judge. I suspect i know who you are. Please can i ask you from someone who has a heck of a lot more money and shares in here to stop wasting your time the bod time and leave us alone now. You are like a stalker and it embarrassing please move on and leave us be. The directors have been voted on for a reason. I have complete confidence in them and so do alot of other high share holders. Please can you take up golf or something and move on with your life.
The bod are definitely earning their fees- whole year plus to browse six lines of accounts and decision to throw £100k at bst at a 40% premium which is approx 90% down. Nice job Ben and the side kick Stuart.We the shareholders are grateful to you for your magnificent performance- not.
For the second year running no AGM held, no accounts for 2017 published and still no explanation of the legacy issue that led to de-listing.. Big Sofa hasn't recovered despite TW continuing to pump it and Teathers doesn't seem to be generating deals anymore. Still, the current Board is only doing what its predecessors did so no one can say they are surprised. HNY to one and all.
Thanks everyone who replyed to my question on news
Good way to rinse money.
Oh dear, they have invested £100k in BST at 17p and we all know what has happened there. As they are also he directors of Teathers we can probably guess where most of the other investments are too. COPL being the most recent candidate, though Teathers placings do seem to have dried up
I think that's what we were led to believe for 9 months, It appears that it has dawned on them finally to see that there is a straightforward case for pursuing the advisors of the company. But nothing is really clear they keep jumping adhoc from one strategy to the next. It beggars belief that they can't even get audited results out in time for what is a none operating company- the longer they keep going the more money they can draw out in pay to themselves. It would be interesting to know the current cash position. Hopefully they haven't done any stupid investing like BST. The cash should be returned to shareholders, it's not safe in their hands.
AGM due by the end of December with both directors up for re-election. Will now have to be in the last week, because of the 21 days notice requirement, or slip into next year just like it was last year. Details will probably be published on the ********** and eridgecapial websites when the convening notice is issued.
they are in the process of suing the former new world oil directors for their incompetence and fraudulent running of the company. I think good luck with that. possible outcome, new directors will keep taking a salary until the lights go out on this company. Advise, consider your investment lost and move on.
Any one have any news with whats happening with these shares ? thanks you
Does Eridge Capital Director still know this company exists?
It shows up on my portfolio and if I remember correctly the sh*t had already hit the fan before Reynolds turned up.......however I do agree it was a rubbish idea to convert the loan and I said so at the time
From £100k to £15k in the space of four months. Dreadful decision to convert by the ECL directors, given the subsequent 3p placing.