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@kes.
The email I used to contact Begbies is
as-team@btguk.com
Despite them saying they had "sent" the 9 pages, including the form to registered shareholders. As most of us are in nominee accounts. I suspect they only sent it to our brokers, who as said, mostly suspect haven't passed anything on..... Certainly didn't to me?
When I spoke to the chat line on my broker. They were either unaware. Or not very willing to pass the Comms on tbh.
So I had the potential UK liquidator contact I made send it to me directly, I have no link therefore sorry.
If you want to get the form and notes around it. I suggest emailing the above. Fyi Paul Cooper is the seeming contact down to act as UK liquidator if the vote on 23/5 passess. He or his colleague, James Allen should be able to email the stuff they claim has "already" been sent to all holders direct to you. Again tbf they got back to me very promptly. But of course as the form has to go via a potentially foot dragging broker..... Time is now getting tight if you want to register a new vote.
HTH.
Can you please write link for form .
Also need Begbies email.
Thanks
.
We only need few bidders to get 120+ millions which will make everyone happy .if you listen carefully elemental CEO's recent interview you can get the message that there are a lot of serious buyers there who understand the value of a mine who h has a very high grade copper and gold and a significant amount of reserve with all infrastructure and more exploration potentials...not everyone is stupid like rmm board who doesn't even know when to hedge and when not to hedge forget about running a business efficiently.
If you look at TB's linkedin profile and read first few lines you can't stop laughing .......
I have had responses from the liquidators pretty promptly tbf & fyi.
Points of fact:
There is a form in amongst a 9 page briefing, that I personally had never seen. But I assume the potential UK liquidator has sent to all nominee brokers(?).
My broker hadn't seen fit to pass this on ..... Suspect others may be in same boat, I made this clear.
Anyhow. In it, it gives a form to hard print, sign and then send to your broker via post, to vote further. They (liquidators), will not accept anything from PIs directly. You must post above to your broker, and ask them to send to Begbies. Before COP 22/5 to at all count. I did say, that holders may not (as with me), unless digging, be aware of the process ... Deadlines are tight regardless, if you wish to vote a new or change your view via this convoluted route tba. Then contact them and ask for the email pdf.
Further to above the guy appointed to run the UK liquidation (assuming approval) tbf directly was prepared to engage. Says that he is investigating the past conduct, has already spoken to mining experts to assess the conduct, but that a liquidation here will still allow him to send evidence of any concerns regarding that conduct etc as recommendations to the Canada process(?). Unsurprisingly he sees the UK voluntary as a reasonable thing still. He said he's also talking to the seniors to get their side obviously, but welcomes holders inputs.
We briefly on email discussed the history of the last few years, emphasis on the last year and the TB briefings and volte face. Trying to be as objective as possible. He agreed to investigate some of the concerns I raised as a Joe Public holder, and to talk further if needed.
Just FYI. But that's where it got to.
Rgrds.
"andmillsy" and "Iluvise68" - many thanks for your nice responses. I look forward to working with everyone on RIG to try to use our collective strength of purpose to fight our corner as best we can!
Agreed. I have made clear in a secure message to my broker, Hargreaves Lansdown (who have been hopeless throughout) that I MUST get ALL info for the next meeting. Begbies also have my details (and I attended the first meeting) and they have "promised" to give me all info. They are the ones running this process to you would indeed be well advised to contact them via as-team@btguk.com. For your info please see below my message account sent on Wednedsday to Hargreaves - no reply (of course:
Re: Rambler Metals & Mining meeting - 03 May 2023
Urgent attention – Rosie Hargrave – Corporate Actions
Dear Rosie / Corporate Actions Team
Please note that I was eventually able to access the shareholders’ meeting this afternoon after an unacceptable lack of information flow and inability to get details for attendance despite my numerous requests. The Company’s advisors reported that there had (understandably) been an enormous amount of toxicity and mistrust by shareholders for lack of information reaching them through the various nominees / custodians etc.
The Company and its professional advisors therefore decided to ADJOURN the meeting until (approx) 23 May 2023 and to make sure that FULL INFORMATION reaches shareholders for proper consideration prior to that meeting, as well as details of how to attend. There may also be an earlier explanatory meeting for shareholders set up by the Company and its advisors because the situation is complex and the shareholder vote on whether or not to liquidate is so critical.
I therefore urge you to please ensure that ALL information you receive for shareholders in Rambler Metals & Mining PLC going forward is shared with me promptly, fully and accessibly.
I would be grateful if you could acknowledge this request by return secure message as this process affects a significant amount of personal savings.
Regards.
Cheers @red
I have informed them of the issues. Asking for an urgent look into the comms sent to brokers post the published deadline etc.
I will copy on here any feedback, if I get any? I did emphasise that the company hasnt been very clear on any extension in Comms. Clearly also some brokers are in the dark, and the new deadline will therefore come and go quietly.
Which almost seems what is intended, as I very much assume the windup this end ahead of the sorting of the Canadian aspects is intended to protect TB n Co, as of course us shareholders did have a second bite at a vote.....did we not...not in my case....?
Rgrds.
Rgrds.
The stated purpose of the extension was to allow people with shares in nominee accounts more time to vote. If your broker doesn't have the required information, it may be a good idea to contact the proposed liquidator, Begbies, and make them aware, and ask them to contact your broker.
as-team@btguk.com
For info.
As discussed on hear. I voted my shares by phone with my broker a week or more back. My wife was away and hadnt. When I saw the postings here saying the deadline extended for a couple of weeks. I tried contacting them to re pledge mine - as unclear that the old vote would carry over. Plus for my wife to vote now also.
I am with iweb. So as suggested tried the Chat line this time. For my shares they ummd n ared. But eventually accepted my re vote and said they would re place it. BUT... For my wife. She was told no. Can't vote now.meeting was 3/5 so closed. She said that we understood it's extended. They said Nope nothing official. But also that they had been told they can't vote via Crest, electronically, as they usually do. But via paper only, and soon any case they can't ...??
What about my husband's vote you accepted earlier today my wife asked.thr chat line said that Thier colleague wasin error.hadnt checked properly, and that my vote would not also go through.... Despite what I was told an hour previous....
I am sure it's carp info from the company to brokers as ever. But it really seems confused, and it's making outing now, certainly with the Halifax/iweb almost impossible...
Maybe there will be official Comms on a reopened vote next week? But if not my revote, and my wife's attempt to vote today are not being registered we were told fyi.
Between us we hold 0.57% of RMM. So it's annoying if the company has set it up such that we can't have a say again, and assuming the vote is reopened??
Ho hum.
Very helpful Leah and hope to see you in RIG
Thanks Leah for your support
Can you look for the RMM page under dedicated channel.
On Discord I am Leah16#8898
I am only in at the main "home page".
Great. I’ve sent a message in group
Im in on the main chat page.
OK I'm in on this page https://discord.com/channels/@me
Great thank you Leah. Here is the link the join the main discord group. Once you’re in we can invite you into RIG
https://discord.gg/NSgxMUQF
Any issues with the above let us know
Thank you - I am not in "RIG" and I only found this forum today. I would be delighted to interact with as many fellow independent shareholders as possible, so that we use whatever leverage we have to try to save our investments in the light of the misinformation / mismanagement that has placed us in this chaotic situation. If you let me know how to join RIG I would be delighted to join and share these messages.
Thanks Leah. Appreciate the detailed information. I did vote NO fyi.
Are you in RIG at all? Your knowledge would certainly be useful and help encourage others vote NO.
"irisnad [GTMUFO] — Today at 13:20
So finally, my letter of intent will be submitted before May 19 to court"
Hello - you will be able to vote again, so don't worry. It took a monumental effort to get any information, including the critical financial report which had been prepared for creditors (which was only sent to shareholders who fought their way in) and it was a totally stressful battle to get the access link to attend the meeting yesterday (no meeting time was sent with the link and I had to find that out myself). Hargreaves Lansdown (as nominee) hides behind the custodian and the custodian blames the registrar, etc etc. It was totally unacceptable.
Anyway I think that this time the Company and its advisors will be trying to ensure that info gets all shareholders. The directors proposed the liquidation to protect themselves, but as shareholders I believe it is clear we must actively vote AGAINST any liquidation and try to hang in there for as long as the Canadian process continues!
You can contact your broker or the company liquidator below for assistance on voting and attend the meeting 9n the 23rd May
James Allen | Manager
Begbies Traynor | 29th Floor, 40 Bank Street, London, E14 5NR | T: 020 7400 7900
I'm not sure if the original vote casted will be rolled over to the meeting on the 23rd? I am contacting HL to see if I can attend this as well. Daylight robery!!
The shareholder vote to liquidate was temporarily adjourned - apparently to enable shareholders to be better informed. In any event, it is clear to me that we, as "outsider" shareholders, should actively vote AGAINST any resolution to liquidate our UK Parent. There is absolutely no upside whatsoever for us to vote to voluntarily liquidate (and probably lose our entire investment) before the Canadian operating subsidiary sale process or other restructuring is fully completed and we know our position with more certainty. We are right at the bottom of the pile in which any recoveries will go to the secured and preferred creditors of the Canadian entity, and to the management team who failed us and who themselves have some "preferred" claims, and to all other creditors of the group. But if we actively vote against liquidation (and it fails to reach a 75% positive vote) then at least we keep alive some hope of a "restructuring" or recovery in this apparently productive but mismanaged mine and we prolong the life of our investment. In the meantime, it is true that the creditors could put the Company into a compulsory liquidation in which case there will be a court-appointed liquidator chosen by the creditors who will independently investigate the Company and its management - and any extra costs won't hurt our pockets as we have anyway lost everything. I am actually not sure what it achieves at all for the creditors of the UK Parent to instigate a costly compulsory liquidation too soon, before realisations from Canadian subsidiary are clearer – because they too will lose everything and the heavy costs will come out any realisation, they could have achieved for themselves.
So please actively vote against a voluntary liquidation because it can only logically harm us as independent shareholders - it was proposed by the directors to protect them from more potential personal liability and we don't have any duty to vote for it unless we think it will help us individually to liquidate. We owe ourselves a duty to keep our investment alive as long as possible so please actively vote against AGAINST liquidation (don’t just abstain) if the motion is put forward again.