Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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John Mahtani and his cronies are Cee yoU Next TuesdayS
Keep calm all. It could all come good eventually.
GLE
I hope you are right!!
I don't think the odds of that happening are very high, the whole thing has been a disaster. Zero communication since Jan, all just speculation.
Me - I invested in RDGC last year and would like to know what the hell has happened with my money? Suspended for months and no comms, last RNS was Jan 6th which is disgusting. Took everyones money and ran??
John mahtani - Your guess is as good a mine
John mahtani - Contact Robert T, He should be able to tell you where they are!
Doesn't sound good. Moneys gone by the look of it. Messaged Robert Thesiger. No response yet.
ASLR also has investment in Sparkledun, details in their latest accounts. A lot of money coming into Fibre, news announcement this week.
https://cityfibre.com/news/cityfibre-completes-a-4-9bn-debt-raise-in-one-of-europes-largest-ever-full-fibre-financings
That would be the ideal. RDGC was do Rob knows the requirements so never say never
https://www.ridgecrestplc.com/annual-reports-and-financial-statements/
Market update 2022
I'm hoping so too Boom.Theisger is hoping to become a director of sparkledun in June according to the last update.I hope it all works out for everyone and a RTO happens.Hopefully we can get our money back or even make a profit..
thanks
It's the holding company of fast2fibre
What do Sparkledun do?
JP Jenkins website suggest they want to do a reverse takeover or a primary listing of sparkledun .Robert thesiger is hoping to be at the helm from June 2022
It might even lead to an RTO of fast2fibre. We will find out before the end of June hopefully where this is going.
That's not quite right.
On 31 March 2022 Ridgecrest announced that it has made an investment of £300,000 in the parent company of Fast2Fibre Limited (“Fast2Fibre”) and has committed to invest a further £200,000 at a later date on the achievement of certain conditions
More than hopeful, Brian. I don't see any reason not to be!
Unless I am wrong (as I've questioned above), the company hasn't spent their investors cash on anything yet so we should pick back up from a similar position to where we left of in the future... Again, happy to be informed otherwise!
Cheers.
Not an answer to your question but my account is now showing a value of 1p per share whereas before they were of 0 value. Maybe some hope of something?
If we have invested money into RDGC, and they haven't spent it on a takeover... then why doesn't the cash still exist?
I understand if a fraction has been spent on wages/fees, but wasn't the idea to spend it on the acquisition of another company. If that hasn't happened then where is the money?
Confused as to how there is talk of it going 'up in smoke' and being a 'write off'. If anyone can explain in Layman's why I'm wrong on this it would be appreciated.
Cheers.
Ok Jim, thanks very much for that. I think like you I will just hold off for a while and see what happens. Sounds like a lot of effort to get it moved. Hope they do return to AIM in the near future and we would be able to trade. I only have a small holding so kinda have written it off already.
It sounds like the message I got from HL... if you wanted to trade, you'd need to transfer your share certificate to a broker that does trade with JP Jenkins.
I assume if an IPO/RTO happens, and the resulting company lists on AIM, we'd be able to trade through all the normal brokers again- I've decided to hold out for that and see how things pan out... but yeah, that'd be how you'd do it
This is the message I got from IWEB, does anyone know if this means we are still shareholders? I know we can't trade on
AIM but is there anyway we can sell what we have and at least recoup some of our money?
RIDGECREST PLC - Important Information
Matched Bargain Facility.
Important Information & Other Key Dates:
Following the Cancellation of Listing of the Company's Ordinary shares from the Alternative Investment Market (AIM) on 8th January 2022, Ridgecrest have announced that the Company has created and intends to maintain a matched bargain settlement facility via JP Jenkins. Now that the matched bargain facility has been arranged, details have been made available to shareholders on the Company's website at https://jpjenkins.com/.
Regrettably we are unable to facilitate trades using the Company's matched bargain facility. Should you wish to use the Company's matched bargain facility you will be required to transfer your shares from our nominee service.
If you wish to transfer your shares you will need to establish an arrangement with an alternative broker. Should you wish to do this, please contact your chosen broker in order to complete the necessary transfer process. JP Jenkins may be able to suggest a broker for you.
Should you wish to find more information about the Cancellation of Listing, please visit the Ridgecrest website, www.ridgecrestplc.com/
Any advice from anyone would be handy ?
If i want to just hold my shares i have with HL, would i just do nothing and sit tight ?
I actually think this is more positive than the potential AQUIS ‘hospitality’ deal that’s been shelved.
Still some way to go but things could be looking good by the end of June. By god, we need a change in fortune….
F2F technology speeds up the process of installation and replacement. A team can extract up to 500 metres per day compared to the 50 to 200 metres that an excavation crew might manage. Costs are 60 per cent lower than excavation. And because crews can go from manhole to manhole, there is no disruption or need for planning permission. The operators also gain from recovering the valuable copper, which still belongs to them.
The operators pay a licence for every single metre of cable extracted.
There is no process like it anywhere in the world. It is truly disruptive.
They now need capital and management input to achieve full commercial delivery. Looking to hire younger, ambitious managers from the industry with operational and logistic skills to take this business forward. Fast2Fibre looking to expand and target MCAP in excess of £100m - the potential for scale is staggering - according to F2F Directors.
I remain optimistic. GLA
Mmmmmmm