London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Re-posted again due to the importance.
Hi all,
Please ensure you have contacted your broker to ensure you are being given the opportunity to vote, as many brokers will NOT contact you unless your account has been flagged to receive voting notifications.
Your vote can be easily accepted over the phone with your broker.
The 2 Options are noted below, but you also have the option to vote against all, which I have voted NO to both options.
Don't sit back and wait, contact your broker now, takes a couple of minutes.
Rambler Metals and Mining Plc has announced a General Meeting (GM) to be held on 3 May 2023. As a shareholder in the company, you now have the opportunity to vote on the proposed resolutions.
The resolutions to vote on can be found below:
1. That the company be wound up voluntarily
2. For the appointment of Paul Cooper and Adam Shama of Begbies Traynor (London) LLP as Joint Liquidators of the Company, and any act required or authorised under any enactment to be done by the joint liquidators may be done by all or any one or more of the persons holding the office of liquidators from time to time.
Personally I'm struggling to understand why everyone is looking to vote No.
I can understand the frustration existing holdings in the share that are locked in have, however, the choice isn't liquidation or no liquidation.
It's approval to a voluntarily liquidation Vs a more costly non voluntary forced compulsory liquidation. Either way it has to liquidate.
As per the RNS in the event any value can be attributed back to shareholders after the process they will be even in a voluntary liquidation.
The chances of a return to shareholders is slim, and I can understand the impulse to not want the company to liquidate, but voting no to the resolutions seems to be counter productive to the outcomes shareholders want i.e. the best chance of some return of their capital.
Be interested to hear the case as to voting no. Have you sought legal advice within the RIG cohort on this matter?
Atb
Compulsory liquidation will involve a greater degree of court oversight, and potentially review of the actions of the BoD. Many of us do not trust to BoD, and do not trust them to suddenly start acting in our interests or with transparency or accountability. In fact today's RNS is a direct result of RIG action, and is the only public announcement of what is happening.
The BoD are free to organise an investor call, with independent legal advice, if they are that concerned. We have been asking for an investor call for six months.
Got to laugh that in the RNSs (this and the previous one), they are still mentioning the company as listed on AIM. Speaks to how on top of things they are.