Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Nothing new for news hungry shareholders in accounts.
No divi (yet)
No share buyback?
£7.5m cash in bank.
Group account have been files with Companies House, unfortunately not available to view for 10 days
Fingers crossed that SEC is sorted that way they can get back to paying dividends
Would hope to see OCT full year accounts year ending 31st March 2021 published quite soon.
GIS UK had full year revenues of £8.5m with cash at hand of £6.2m.
GIS HK have been trading now for 12months plus so should see a fair amount of revenue generated if following the trends of Asian markets.
SEC payment/penalty seems to have been agreed in principle.
Big questions is will we see a dividend paid?
Will there be a share buyback/trades offered by the company?
27th October:
Order on Motion to Adjourn Conference Wed 10/27 1:52 PM
Letter Motion to Adjourn Conference.
The request is granted.
The conference is adjourned from November 4, 2021 to September 9, 2022 at 10:00 a.m.
So “off the hook” until Sept 2022
6 to 8 weeks until details of settlement apparently - a second merry Christmas in a row possibly
What happens to broken promises at listing and pre meditated plan by Gunn and Barby to stagnate Sp and take back majority holding straight after listing. Am having trouble with J people over at URA but don't want to get involved for obvious reasons. But need other J people to intervene and self regulate. Fast, faster than Weinstein's or Madoffs or Blankf. Is this possible?
Both sides have agreed to settle then.
Can see a large find for GIS & Mr Gunn, but SEC is not known to impose such harsh finds as to put said companies out of business.
On the plus side they can put it all behind them now & proceed with plans to let shareholders exit. ( Cash left in the company pot, withstanding.)
All will be revealed.
Cheers
CONSENT LETTER MOTION to Adjourn Conference in view of parties' agreement to the terms of a settlement in principle addressed to Judge Alvin K. Hellerstein from David Stoelting dated 10/26/2021. Document filed by Securities and Exchange Commission..(Stoelting, David)
Plaintiff
Securities and Exchange Commission
Represented By
David Stoelting