Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Not sure if it's the end yet. Need to know what's happened first. Who knows what?
Afternoon all I'm a specialist lawyer appointed by some investors in Xplorer. Mind if I ask you when and how much you each invested AND when?
Never mind Jack, I've kicked myself many times. The only real "win" I've had was ECR after being in and out of about 200 different shares. Hope your luck changes for the future.
Can only dream now, as not a penny to invest. If XPL had come off, and it was supposed to hit �1.40, my investment would have been worth about �1.5m. I intended putting a couple of hundred grand straight into Sound Oil, which was below 10p at the time (that would have been another cool half a million). Another �200K was going into KIBO mining, which has yet to do its thing, but will multibag within a few months. Could have been sitting on nearly �3m in another life.
Thanks Jack for the info. You never know, some one may want a main market listed company and take on the debt one day. ATB
Hi Jack, thanks for letting us know. I guess that's the end of it then. Shame
Pleasantly surprised to receive a reply from Mr Roddison. Much as has already been reported, i.e. were trying to get something going a while ago but it didn't happen (obviously), due to a number of reasons. They have large debts which, I imagine, will hamper any future attempts. John said that he would let me know if the situation changes. Not great but at least it was a response.
.....I am also down quite a bit. I would like to know what is going on. Please let me know if I can be of help.
Its bizarre as on Companies House they still have the company listed as active. https://beta.companieshouse.gov.uk/company/07987393/officers
The FCA should have demanded and published an explanation. It's a disgrace that they can form a company, collect over a �1m and then do virtually nothing for years and disappear into virtual oblivion without a word.
For what it's worth I dropped an email to John back in May this year and received a reply the following day. The gist of it being: (obviously can't copy and paste the original email) They are hoping to make an announcement in the next couple of weeks. The board are looking to bring in a deal which looks very promising. The oil price capitulation killed our previous deal. As you can imagine I was somewhat chuffed about this, but having heard nothing I emailed him some two months later + phone calls and surprise surprise, no response... I assume this has gone down the pan, but like others have posted it would be nice to know, just so I can offset the losses against my capital gains, if nothing else.
I would say embarrassed Jack. I wouldn't mind if he just replied to say that its all over so that we have 100% confirmation. Appreciate its 99.99% over but some acknowledgement is the least he could offer so that we could put it to bed once and for all!!
He's probably too embarrassed or ashamed to respond or even acknowledge my email, particularly given his present position. Who would want their name associated with an utter disaster. He might just be on his jolly hols though.
Will do. Email sent early yesterday. No response as yet. Don't think we need hold our breath though, but you never know.
Let us know how you get on Jack. Thanks for trying !!
Cheers for that Andrew. I'll give it a go. What's to loose eh!
Hi, I am in for a few k, which is not fortunes but I would really like to see some kind of action with this too. It's pretty terrible that they just hung it up without any communication. The director is John Roddison. I have tracked down his contact details as: John Roddison FCA Managing Director Office: Sheffield & London Telephone: 0114 268 4747 Email: john@brownmcleod.co.uk
If I had a contact number or email address I'd ask why they are not trying to sell this as a shell. Surely that would be worth something. Can't see that they have the skills or personnel to do anything else.
If I had a contact number or email address I'd ask why they are not trying to sell this as a shell. Surely that would be worth something. Can't see that they have the skills or personnel to do anything else.
I guess though in reality that's highly unlikely. Do you have any idea what the official stance is of the company. Have they folded the operations completely and walked away or is there any possibility they still have an appetite for this? Guess I am looking for some information to make me feel better about it.
Only thing I can suggest is that we, the shareholders (owners), get together with 6.5m shares (I.e. 51%+) and determine the future ourselves.
Hi All, Is there nothing we can do with this or do we just have to assume all our money is lost? I only had a few �k in here so not a life changing loss but all the same a loss and vey frustrating!! How are they allowed to walk away from this with our money or are the held accountable?
Really sorry to hear your story Jack. I too got swept along, and have lost a lot on this. I would so like something to happen, but I fear we have seen the end of this.
Let's try niaivity. That said, it may take a second coming to put things right (like after the past two years I would ever believe in a god). Thanks for your thoughts Atisha and apologies if my enthusiasm led you to this stock. Jack
Sorry to here that Jack, more or less followed you to this after ECR. Just goes to show what sharedealing can do to you if it gets hold of you. Would be nice if something could be salvaged from this, can't see how they are allowed a main listed company to just do and say nothing for two and a half years. After all it looks as though WRN shareholders are going to be compensated after 3 years of suspension. ATB