Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. 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.
So, it looks like Beijing Sibo , the rebellious shareholder, who have forced some extrodinary general meetings over the years, have finally got the upperhand.
Star Phoenix wanted to replace auditor, looks like Beijing Sibo said NO
Remember RNS of 23rd Nov, Star Phoenix wanted these auditors
https://www.mitchellwilson.com.au/
https://www.lse.co.uk/rns/STA/updated-notice-of-general-meeting-jplg5098vx8qkwi.html
"Wilmit Pty Ltd is a highly motivated and proactive team of professionals providing innovative"..blah..blah..blah!
So now I think we know ,who has been mad enough to buying these shares, on top of Star Phoenix employees probably selling shares themselves to top up their salaries.
Guess what, Star Phoenix have snookered themselves in....good and proper.
Can't see them getting their auditor through anytime, if they are now the minority shareholder.
Is Beijing Sibo going to complete an aggressive takeover...god knows! They do look like the dominent force now.
Whatever happens, its checkmate to Beijing Sibo,
but another DISASTER for ordinary shareholders.
Someone really needs to put this out of everyone's misery and investigate the BOD while at it.
Like pretty much everyone I got stung but got out some time ago at approx 3p, I lost a few hundred quid but nothing compared to some especially the disposable ramper already mentioned who for years trolled every board trying to con others into this in the hope of clawing back a huge amount. I really feel for genuine punters but have no sympathy for the individual in question, you reap what you sow.
I haven't looked at my holding in this share for the last 2-3 years as I thought that it's only use was for a tax write off.. yep, I was right.
I hope they all get strung up by their Christmas baubles.
Forgot the irregular share trading
- People logging into apps at 08:00 to sell sells in pennies. Then doing the same throughout the day.
On friday, somebody bought £1.5k worth at 16:45. Why!
Am thinking politics here, as there has been a battle between Beijing Sibo and Star Phoniex over the running of the company. Has some insider told Beijing Sibo that postive news was coming, only for the complete opposite.
Why would you buy after hours on Star Phoenix..dosen't make sense.
Certainly been shi* for ordinary holders, that is for sure.
Was like a bad comedy sketch the past few years
- Range Resources suing Range Resources
- Relaunch to Star Phoenix with new logo - why, there were no deals...nothing since the relaunch
- Indonesia farce
- Selling of rigs in a high oil price market - couldn't even do this properly
- One of the board members pics, looking straight out of a wanted poster - really reassuring investors
- Heads up agreement with Curtin University - remember that one, well contacted them about that..and guess what..nothing LOL - Honestly think they made this up.
- Contact email going to Eva (ex secretary), even months/year after she left
Honestly think the company was trolling us
CFQ
I have sympathy for genuine investors being caught up in this disgrace of a company but the individual I have highlighted is a nasty piece of work who used multi ids, on various sites, to promote his ramping and try and dig himself out of the mess he got in to, by his gambling…………
There was one investor in particular who overstretched himself and when he took the tough decision to sell up many years ago this individual mocked him and tried to prey on his insecurities to not sell…..I wonder who is happier now……
As I highlighted a thoroughly unpleasant individual and he has got his just desserts……
"Hallelujah………"
Glad people who have lost money in this dog, and probably will never get it back make you so happy.
God speed
Today’s news should have happened many many years ago.
Adrian and all his multi id’s finally wiped out in this dog of a share.
De-listed in 6 months …..can’t happen quickly enough.
No one is more deserving of losing £56k than Adrian Sleeman.
He is a disgrace to rampers and has got what he fully deserved.
Best left to those munters on twitter where he can flirt behind Cherry’s back…….
KARMA celticheart07….banned everywhere and now wiped out……..
Looks to me like someone was a bit premature in their comments.
Yet another pump and dump based on nothing on the STA gravy train.
Its impossible to hammer the share price, that was done years ago when it dropped from around £20 to the current level.
You should be asking what they are doing to increase shareholder value, from where I'm sitting I'd say nothing.
Doesn't the conflict of interest spark any concerns in you? If not it should.
Yes I see the share price got absolutely hammered by this bit of ‘news’ as the city boys bailed .
Oh wait ……
Unchanged 1.65
Translated in English
https://www-dentons-com.translate.goog/zh/zhiwei-gu?_x_tr_sl=zh-CN&_x_tr_tl=en&_x_tr_hl=en
https://www.dentons.com/zh/zhiwei-gu
Strangely can't find it under his name on the .com/en website, but can on the main one above.
He is a 'Non-Executive Director' of Star Phoenix!!
Well! Well! Well!
Mr Zhiwei (Kerry) Gu - "He is currently a partner of Dentons, one of the largest global law firms."
https://www.starphoenixgroup.com/about/board-management/#board
No conflict of interest here, nothing to see.
So now comes the possibility of Star Phoenix taking the company who represented them in Arbitration to court.
You couldn't make this up..you really couldn't LOL
If the agreement was based on 'no fees no win' basis the court ruled in our favour, so Star should cough up, if that is the issue. It isn't Denton's fault if LandOcean havent handed over the full amount.
Sounds like Dentons are refusing to chase the money outstanding from Land Ocean now.
Noticed this beaut "partial payment of US$130,000 has been received in a trust account set up by Dentons."
Wonder if Dentons are playing keeps.
The plot thickens.
Better than Poirot this.....
Old, but good news.
Here is something closer, to cheer us up :-)
https://archive.ph/S6GQm
18th August 2022
Headline - Peter Landau pleads guilty to nine charges over money shuffle at Citation Resources and Continental Coal
Content below;
"Terrace lawyer turned company promoter Peter Landau has pleaded guilty to charges, including stealing and forgery, while shuffling money between market battlers Citation Resources and Continental Coal.
Mr Landau has admitted to five counts of stealing, one charge of forgery and uttering and three Corporations Act breaches, including making a false statement to the Australian Securities Exchange.
The Claremont resident pleaded guilty on Wednesday after Federal prosecutors dropped 56 stealing charges and a dozen Corporations Act charges linked to more than $3 million of alleged money transfers in 2014.
The Australian Securities and Investments Commission said in a statement that the five guilty pleas to stealing related to Mr Landau transferring $2.2m of share applicant funds from a Citation bank account.
“Mr Landau did this without the knowledge of Citation’s other directors and went on to use the funds for his own benefit, the benefit of other related entities and to repay Continental Coal investors,” ASIC said.
The director forged and uttered a bank statement that falsely showed $675,658 in a Citation bank account when there was only $117.55 in the account, ASIC said.
And the regulator said he provided it with false documents stating Continental Coal had received $2.6m from investors when it had only received about $57,000.
He gave false or misleading information to the stock exchange by failing to disclose that Continental’s only income generating asset had gone into administration, ASIC claimed. He made another statement claiming assets had been sold when they had not.
The Supreme Court will hold a sentencing hearing on eight charges on January 31.
The Perth Magistrates Court will sentence him on February 7 on a charge of failing to hold applicant money on trust.
ASIC said this ninth charge related to Mr Landau transferring $1.03m from a Continental trust into other various bank accounts prior to securities being issued or the money being returned to the applicants."
P.S Order the bubbly for Feb 7 2023
For those who were here a long time ago :)
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-201mr-continental-coal-directors-and-company-secretary-charged-with-breaches-of-directors-duties-and-making-false-and-misleading-statements/
Looks like a angry little seller today. Look at all them tiddly sells in the pennies. Totally weird, being done in spurts.
Real head scratcher this share.
I'm still gobsmacked there are still people getting suckered into this. If only they did some homework they'd find there has been no business here for years and none in sight.
Someone In at 08:00:10.....ten seconds into market to sell £2.07 worth of shares.
For such a dogsbody of a share, it sure brings out the weird share price action.
It's either because pay day for the managment is coming up (end of month - paid in shares) or yet another court case has been resolved.
God knows..with this company.
Seems like a busy day's trading in STA for once! Anybody any idea why?
Someone seems desperate to prop up this sham of a company. Spread measured in astronomical units and not one thing produced in at least 5 years, you'd have to be mad or desperate!
Oh dear, not looking good here. Sp dropping, no liquidity and huge spread. Rampers working overtime on Twitter.