Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Manu - see page 21 of the bonds which shows the structure of the companies... African Minerals Engineering is just a subsidary of AML... http://www.african-minerals.com/sites/default/files/attachments/AMLListingParticularsFINAL.PDF What worries me is the statement that none of the other subsidaries are affected? Is this because of the SL injunction preventing administration of these entities? If there was any value left in a sale its definately gone now!!
"None of the Company's other subsidiaries are affected by today's announcement." So what does that mean??
respect for Kay after the sheer delight he has shown here for others losing there money I think this indeed is correct - this could be an easy way out for the BOD to distance themselves from AIM. Kay - take that in the right way dont antagonise people here because that is a very good point indeed
SISG could only put an injunction on the operating companies as these are registered in SL. SL would have no juristriction on AML going into Admin. I think the chinese have thought this through myself and I wouldn't get hopes up too much that value will out. I suspect a deal has already been done with SISG and GoSL. We need to put pressure on the Administrators.
I for one am glad this sorry mess is over and in someone elses hands. A class action case against the BOD is a must now but we also need to ensure that the Administrators do not let this go on the cheap like London Mining... We need to be putting pressure on exactly the same people we have been emailing before - MP's, FSA, SFO, etc...
Lease sits with AML Licenses sit at a project level which is now under the control of SISG
Were incorporated on 9th Feb 2015... http://www.hongkongdir.com/shandong-steel-hongkong-zengli-limited-cblcbyx/ SISG must have been in negotiations with the PXF debt holders for some time before this... Therefore the talk of discussions between SISG and AML for a long term funding solution was either nonsense or SISG were just stringing AML along for a ride...
Good work Piltick - I will be doing the same later in the day when I get a minute... It may also be worth sending them the link to the epetition so that they can see how many PI's we now have behind us... Getting over the 5% mark is impressive and I am sure as word spreads we can get even more signed up.
Guys use the block butten and lets get back to some serious debate about where we go next. don't engage.
I don't think you understand SISG have no interest in AML. Now they have control (and soon ownership) of the rail and port and the mine AML will just be a company without any assets to run. The bonds are not guaranteed against the assets from what I can see. Only legal loophole is if SISG have broken any shareholders agreements although I don't think they will be worried about that since I am sure they would have thought this through considerably. FT and the BOD were completely outsmarted and he sealed our fate when he took marampa for himself.
Grant is right these shares are now worthless. We are in essence a shell company that does not own a think apart from debt. The bondholders will now call in the AML debt and we will go into admin and they will take whatever carcass is left and SISG will apply for and get a new mining lease.