Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Adr upto $15 back to $5. Maybe they've realised aint no relisting
I agree!
Our fate is in the hands of the administrators. They say liquidate! =0p. They say relist and do debt for equity we may get £2-10 sometime in the future. We cant do class action in uk. We have something else but we have to fund it. Going after NMC is pointles. We need to go after the directors or hope the banks do it and get the $4 billion + back.
Please would you elaborate, What does that mean? As long as I can get some amount back for my share holding its good. Could you please pass me some pointers?
No class action in uk. We have something else. But they only go after company. Not previous directors
Hello Guys,
I have invested quite a bit in this stock and now its under administration. I saw quite a few posts here about doing some thing about it? I have requested to join the Facebook group created. Please approve it.
I contact atleast 2 solicitors who are raising a class action suit against the owner of this company so that we could atleast get something back, but both of them have mentioned that the class action is only applicable in US. Do we know if there are any law firm in UK trying to do the same?
Regards,
Shrini
Dannyspaniel anything between 1 pound and 10 pound is a bonus
.....to try and recoup some of the money
Deos, they are going after individuals.
Maybe the banks going after individuals not nmc?
Agreed. Money had to go somewhere. The fact that’s it’s off book suggests it might be tricky to find. Clearly someone thinks there is value in shares. Back to £40 by year end anyone??????!!!!
No its at £10 now.... went to £12.50 cant figure this out!
My guess is what i've said in the past.
"if the earnings at NMC are correct ( this is the million dollar question) then the suspension price was cheap. Also, NMC was trading at 10Billion market cap not too long ago."
ADCB and the administrators by extension sound like they want the listing to continue and is probably the route by which they can recover the most money. Although I note the position of the new CRO that perhaps de-listing would provide a simpler option while things are sorted.
There may also be some anticipation in the markets that now things are moving forward with criminal proceedings some money can be recovered. If there are tangible assets in the UAE then they will be difficult to hide from the authorities. The main thing that would help is if the big players can be implicated in this.
Highest in 2 months
Currently about £7.50 english money
Demark - I’m not saying Shetty wasn’t part of the fraud, I’m saying it’s not his job to inform the market of the default. That rests with IR and management
Who has said 0p? Can’t see that, they have been sorting out this pickle while we have speculated only! If they are going after individuals, suggests they dont fancy their chances going after nmc. More news to come. I am not getting excited, but better than forced bankruptcy. How can you hide $4billion, that’s the billion dollar question! Clearly someone is buying the adr’s.
Adzy means for rns. Demark you mean for fraud. Someone take my shares at $10 to a piece. To close your shorts
Holy cow. Look at the ADR price. Anyone any ideas? Is it looking good?
Hmm so nmhly now at $14+. And they want us to take 0p?
It wouldn’t have been Shetty but Prasanth and the board who would have to let the market know
ADR up to $15, I wonder why Rastuss has gone so quiet. Any explanation for this?
$10, wtf
ADR at $9???
Its getting interesting but are nmc liable?
MrD - I know, I don’t get how they could just not disclose this default from the market. Isn’t that in of itself market abuse?! It’s surely considered material information. This just gets more and more shocking.
https://gulfnews.com/business/banking/criminal-charges-filed-in-nmc-case-1.1586945585095