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And on a more conical note the Adam dzowski seems they couldnt pay the loan back so he got 125k worth of stock ...and feinian?...Irish?...fienian bustards?,,,ohh my god funny
Reads badly to me not withstanding settlement?60k he seems to be tied legally to have to pay this but seems not to be able to and none off the other subscribers want to add 60k? So rto fail due to short 60k? Min man rep off folding or closing companies?
Donald Trump perhaps ?
Well I make it 7 weeks to RTO
£60k out of £1,275k......no real biggy........just give the subscriber a time limit to cancellation of the allocation and move on......let's not be making this a distraction or worse still a reason to delay of the main event!
How on earth hasn’t someone paid?, surely they can just cancel all their shares or pull all the shares back from them so they lose all their holdings
Couldn't make it up.
Good job the share is suspended.
The board are absolutely clueless.
Bit off when a big shareholder hasn’t paid up, why not name and shame them ?
Morning LFM,
How about an update on the RTO or the legal claim instead of someone who owes money.
Sort yourself out BOD.
Keep the faith as we have no other option.
Adamsky
Is there anything this share hasn’t done!, now we have people that owe money for shares and haven’t paid up! I wonder why?
Yes, should've been TR-1'd but relies on the person or insti to do it. Can't recall seeing any consequences for those that delay so typical AIM. Does seem to have been a transfer between these parties though - and, of course, as well as the warrants, JUB Capital/Adam Dziubinski will retain the rights to any BIT settlement on the full holding so seems like a prudent move, assuming the agreed price was right.
Still more interested in the other side of the transaction. I like the sign of appetite and from a very qualified mining guy with experience of the Congo makes it feel all the better. He's reckoned to be worth £60m so I would not be surprised to see him dig in deeper as part of the likely RTO raise and, if so, he would represent an outstanding cornerstone investor. Thinking about it, he's probably that already now!
Interesting Poppyseed, The only non-personal holder with close to 100m shares I could find was James Brearley & Sons Ltd (FT states circa 135m). Wondering why JUB didn’t or didn't have to TR1. 5m warrants at 0.5p attached to the 100m issue.
FB, JUB Capital/Adam Dziubinski was the person linked to the Loan and subsequent £500k placing at the end 2022/early 2023. As I recall, it was done at 0.5p and 100m shares were issued.
This news would appear to suggest there's been an off market transaction between Adam and Finian O'Sullivan whereby Adam has divested roughly half of his holding. It would be very interesting to know at what price.
Of even greater interest might be the apparent thirst of Finian to get on board at this stage of proceedings. He's quite a guy with quite a history. He founded Burren Energy from which he collected a cool £67m when it was later sold to ENI:
https://www.independent.ie/business/finian-osullivan/26642751.html
Another geologist, a record of success, grabs a sizeable stake here. I'll take that as a big positive for the future outlook with the Rome assets on board!
……. Finian O'Sullivan departed Ireland in 1976 with a Geology BSc Honours degree from Galway University. Accepting a position with Chevron Standard Limited in Calgary, Alberta in 1977, he commenced a 38-year-career in the international oil and gas business. His work across four continents took him to over 80 countries. He currently lives and farms along with his working wife in Hampshire, UK. From his book … https://www.amazon.co.uk/Crude-Vision-Finian-OSullivan-ebook/dp/B0B2KTZCK9
Latest Development of the BIT claim : February 14, 2024 - The Secretary-General registers a request for the institution of arbitration proceedings. That was almost 6 weeks ago. The screening process takes three weeks on average, depending on whether ICSID needs clarifications, additional information or documentation from the requesting party. True to form us long term suffering investors are waiting over the odds for news on the next step : Registration or, heaven forbid, Refusal.
GLA
Rome resources....ahh didnt we have both off those guys with us?
https://www.marketscreener.com/quote/stock/ROME-RESOURCES-LTD-147174692/company/
both seem to have 3m each in shares....??
So its 29th may acording to one off the guys here?
5 weeks to get it done or if not what happens to the case if one off the parties disapears?
sigh
Now they split them apart or sell the imm....when they should off sold the writes to the claim....not one off the parties in the high court judgement.....now they have put them back side by side in the BIT claim....but if pathfinder gets shelved in 1 month or so? what the heck happens to the case and who is paying for it?
so what they need to do is to put it back together as one then proceed...wow legal mess....but its in now...sigh
Back to this
https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/24/4
now pathfinder is going tho an rto...needs to be done...if not pathfinder doesnt theretically exist...or is shelved...
sigh
who the heck is giving them legal advice?
so they have added imm and pathfinder minerals to claim.....now if pathfinder gets shelved as the rto doesnt go tho...how can you proceed with a claim when one off the parties doent exist
sigh
sigh
sigh
Thats the oscar samor guy....wow
Err el salvador what is this ?...ms13? lawyer?
Err did anyone actually get any share with regard to the imm/safari/etc lawyers? i didnt?
where the heck are they?...they take note off the shareholders on a piece of a4 paper?ihope they didnt lose it
Just give us the RNS that makes us all rich!
Humm someone doesnt like that....good sign