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Where is TB now telling us all how great it is. Thanks for the info shychap. A very sorry and sad end.
If new owners took over under a new company, who here would invest in a new company knowing what they know now?
Also, is that how NLR will mask his take? By taking shares behind new owners?
Considering the mineral composition up there is rich in silver type minerals, i'd be shocked to see how much silver was actually given to the refiner as I would suggest it is probably far in excess of what they would normally charge for refinement due to the amount of silver sent and the fact they wouldn't be willing to do such a deal otherwise. Or perhaps there was another off the table arrangement. The whole thing stinks. To not have proper accounting for this or not disclose it to shareholders tells it's own story.
Yip it over. There will be many glad to see Graham Donaldson around tyndrum, but for reasons other than he might suspect.
I’d suspect this board will probably disappear too shortly. To that end, I want to wish everyone that was sincere, all the very best for the future. A sad end unfortunately.
According to tb the masons were the great saviours to be trusted alongside the board who were extremely honourable. Now, he has vanished! Says it all really.
As for the cease on loan payments, I’m surprised he’s not looking to crystallise the loan and seek securities in lieu of repayment. I can’t help but wonder if he’s done this as he’s been riding rough shot over conflicts of interests for a considerable period.
Role on administration to blow the information wide open… I hope.
I do see it being a pre packet but perhaps the administrators will be duty bound to release info to other creditors such as shareholders.
Even the burtons who owns the land are owed money. Geez oh
RH. It's a turn of phrase when someone says, a public enquiry is due. Not an ACTUAL public enquiry. If anyone was going to be conducting anything, it should be the FCA or the Police.
Does noone else find it coincidental at best, that TB disappeared just before it went belly up. Or that there was significant sales prior to this. Inside info? What else can it be?
As for the mines potential. It could be lined with gold and diamonds, but if the muppets can't organise themselves to get it out in a timely, cost effective manner, then what's the point. The failing was always believing it should scale up to be something it was never going to be. A smaller operation with lower cost base to ride out the bumps would have worked. A small steady ship. But they took in too much cash, made too many promises and told too many stories for it to be a slow worker. It had to become this monstrosity that has to cherry pick stopes to stay alive. Because otherwise, how would they repay the cash, how would they make the promises of billions. Numerous mines etc.
The whole thing was a farce. NLR needed guys like me, baz, blakeney on the board, to ask them what the fike they're thinking at periodic intervals.
Baz, if he has any plans to extend the life of the mine, he may need to keep the locals and national park on side.
It may end up being mothballed for decades. Who knows.
RH,
A public enquiry is due imho. Mismanagement, smoke and mirrors. Disgraceful.
How nlr thinks his reputation will survive this one, is anyone’s guess.
Weak board, weak management structure, weak leadership, weak financials, weak strategy and weakest of all… fanboy and marketing puppet tb.
A shambles. The general public deserve answers never mind the shareholders
On a cold Sunday night in scotland, a quiet mine lies dormant in the hills. I can only sit and ponder what the future holds for it.
One thing that comes to mind, is that the board should convene a general meeting and be brave enough to sit and field questions from shareholders. I’m
Sure a lot would like to know more than they’ve been given.
Will they do the right thing and have one? Probably not. Why not is a better question I suppose.
I think nlr would do well to remember, he might burn existing shareholders, but those shareholders still exist and may not be so keen to have anything to do with the mine in any future incarnation.
The only good I can see coming from this shambles now, is that administrators may get in to the business and see exactly what has happened. Where is the millions of pounds of silver. What actually happened with the eventful leaked emails. Who lied and when. A lot may yet come out.
There's a lesson here someware.... never let a man from dorset who builds attic's tell you how to mine gold in the highlands of Scotland. Who'd of thought it.
Sad day for tyndrum. Surely the village must now know that any future economic benefit has long gone. No matter who takes over, it will never match the spin put on it.
As for the national park. I hope the NPA have taken enough in bond payments to cover restoration as last I heard, payments were behind. Surely the good public shouldn't foot the bill for restoring a private disaster.
As tyndrum boy once said.... NLR is a "very honourable man" and will no doubt ride to the rescue... for the benefit of.... NLR!
Wonder where all that silver went!!
Not one bit of insider trading in any photos of course. Nothing learnt the average punter wouldn't know of course!!!! Court time now I would suggest.
Oh what a wonderful story....
https://twitter.com/IstGoldRound/status/1534219116516622336/photo/1
Nostalgic for the days, the dark side, said administration would never happen and such a suggestion was prosperous. Where are we now TB.
In the words of castro. History will absolve me.
NLR being the main creditor will buy the business on the cheap. Then either sell it, mothball it until the heat dies down, or run it in another incarnation. I said this months ago and got lambasted by Tyndrumboy/samson/genoir etc for doing so. He will leave shareholders behind.
If anyone see's tb about the tyndrum inn, be sure to ask him for your money back.
A sad day all round for those who were honest. Seen it coming a long time ago and I hope I helped save some people some money when they either didn’t invest or mitigated their investments. As for tyndrumboy, where is he now telling everyone how to spend their cash or offering tours. His face will forever be shamed.
How many years does the licence to mine the national park have left? Because based on these articles, you may expect a significant objection to any extension or renewal which would cap the life of the mine.