Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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.
Got a Google alert on the following article... ongoing legal case and interim injunction/standstill on Seven transaction in Nigeria. Can't see any SAVP RNS on it but apparently been ongoing since November. Anyone else heard about it or addressed with AK ? Been thinking of piling in at this price cause its gas but incorrectly dragged down with the oilies...not so sure now...
https://www.legit.ng/1311459-opinion-the-nigerian-local-content-act-curious-case-seven-energy-by-hassan-abubakar.html
Why is the link removed?
If you go on Companies House and put in Exoro Energy and read on the section of filing statements. Statements of Administrator's Proposal 8.jan 2020. it explains everything.
Wow - SAVP appear to have just ignored all law and carried on regardless. On first glance I can only conclude that they think if they plough on that the government will step in to preserve the company. No wonder the sp tanked - why weren't shareholders told of this - do we have recourse?
Don’t think there’s a case to answer to. Sounds like a ****ed off ex-shareholder not accepting the done deal. Having a go hoping for some compensation? Any lawyer here care to elaborate?
Tier that was my point when i referred to Companies House, However i had to go to a function and wasn't able to expand my post.
It is a disgruntled shareholder, this was passed by both Nigerian Government and Administrator's (EYI) they would surely have done Due Diligence . One of Exoro's former directors was one of the Gupta family famous for raping Africa of its Cash and assets. "pile of Sh--te in my opinion"
Kalan, the share price hasn't tanked because of this, where have you been the last few weeks "Mars"
no, he sold a few weeks ago and has been a total disgrace since then, in a time where we are all in fear for loved ones, jobs, investments etc, lets hope karma runs its course.