focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
CORRECTION:
We now know that the money is on the way and lets hope that the DCCAE will not be the future stumbling block. Let's get on with the survey.
Why does one needs to analyze every word, comma, fullstop etc in the issued RNS's
We now know that the money is on the way and lets hope that the DCCAE will not the future stumbling block. Let's get on with the survey.
Well said Urraca. Most posters blame TOR for everything that can possibly go wrong. I believe that the present crises is the doing of DCCAE.
Let's hope the market takes this latest RNS well.
Update and Extension of Backstop Date The Company can confirm that it has received a letter from the legal representatives of APEC’s funder advising that on July 9, 2019, the funder arranged for the remittance of $US 10 million from HSBC to Providence’s account. The legal representatives further advise that the remittance is expected to be completed shortly pending compliance checks by the bank. Accordingly, to facilitate this, the Barryroe Partners have agreed to a backstop extension of on or before July 19, 2019.
Update and Extension of Backstop Date The Company can confirm that it has received a letter from the legal representatives of APEC’s funder advising that on July 9, 2019, the funder arranged for the remittance of $US 10 million from HSBC to Providence’s account. The legal representatives further advise that the remittance is expected to be completed shortly pending compliance checks by the bank. Accordingly, to facilitate this, the Barryroe Partners have agreed to a backstop extension of on or before July 19, 2019.
https://www.businesspost.ie/news/providence-make-statement-e9m-chinese-payment-448290
https://www.businesspost.ie/news/providence-make-statement-e9m-chinese-payment-448290
Dear Manyana, I have been following your posts for some years, and I have an observation I would like to share with other posters.
As Manns usually concludes most of his posts with "what a balls"
What I have noticed in most of your posts you mention the "rear end"!!!
BTW I am not saying this with any disrespect but just a bit of a laugh!!! So do not get upset!!!
Have a good Sunday and let's hope for good news for tomorrow.
Mamms.. What I was trying to point out to you was that such decisions are normally taken by the board of directors and not by TOR on his own.
In any case let's keep our fingers crossed and hope that the money will be in the bank before Friday closing time.
Manns...all that you are claiming that has been done by TOR, must have all been decided and approved by the BOARD.
The following is from today's RNS
"the Board do not envisage giving any further extensions to the backstop date."
Manns....have you read the RNS properly?
Mamms...you have said a lot of things in your last post but you have not told us why and how you blame TOR, that the money has not arrived in the bank.
You must be running some major company since you seem to know so much about management. What is your day job that some days are busier than others?
BillCn...TOR is under pressure from every investor , institutional and otherwise...but in all honesty what can he do? APEC's funders are one of the biggest in the business.
Mamms...I noticed that when we all thought that things were going right last week you did not say half a good word in favour of TOR. Now with these latest news, which I believe is nobody's fault except APEC and/or their Funder, you are putting all the blame on TOR calling him vulgar names etc.
As the saying goes "If you cannot take the heat get out of the kitchen"
PS I see you are not in your day job today like you were last Friday when you said you were too busy to comment on the good news!!!
Mamms, good to hear you are OK.
Mamms...are you unwell, hope all is OK with you!!!
Mamms...For arguments sake let us assume that the money has been paid up by APEC. Can you tells us what is the advantage or disadvantage, to know before an official RNS is issued. Is it going to make any difference to you or any of us shareholders, one way or another?
Mamms... Maybe stock exchange rules do not allow him to announce it to the media before putting out an RNS. You would be the first to complain that you got the news from the media and not through an RNS.
PS you forget to sign off with your "what a balls"!!!
Thank you Manyana.
Tomorrow we should know if APEC paid up the $9m
Battle...is the article on the UK or Irish Edition, I have the UK edition but cannot find the article.