Member Info for Bebeto

What an idiot, this is just a standard practice setup.

The parent company goes into administration and the subsidiaries are legally separate as this would enable the assets to still operate during the Administration process.

Most likely a restructuring process would occur thats agreeable with the creditors including a fundraise.

Otherwise it's an asset sale.

In this case there' also secured debt against the assets.

This process would leave little to zero return for HZM plc shareholders.

Legal wolf, they're just triggered by any form of criticism.

I think we're in suspension because they don't want to reveal the financial report without the funding in place.

It's a legally separate entity, that when the parent company goes into administration the asset doesn't

That's correct and do you know why shareholders own the parent company and not the subsidiaries.?

These are businesses that have already invested a significant sum in this project and now they are being asked to contribute more.

No doubt they will be doing extensive due diligence before making any decisions.

The bottom line is, these business people will always do what's right for their own company's interest.

This has had a terrible time since the IPO but the fundamentals are really strong for buying in.

Just over a million debt and all they do is generate revenue. This will out perform any small cap gold play from this range. IMO

Mv01, page 75 of the annual report, shows the eleven subsidiary companies 100% owned by HZM plc. (known as the group)

The assets are 100% owned by a subsidiary company.

It's standard practice for the plc to be the parent company with subsidiaries holding assets.

HZM plc 100% owns the subsidiaries, HZM plc shareholders do not.

If it went into administration, for a default or similar, it would just be the parent company going into administration, the asset holding subsidiaries wouldn't.

Most likely scenario would be a restructuring process, funds raised and completion of the construction.

The only thing missing would be HZM plc shareholders as their shares would probably be cancelled from the exchange and worthless.

Why act like a pleb and keep taking the bait? let someone have a point of view on a share and if you don't like their POV then filter them.

I'm delighted JC has filtered me, I've no need to interact with any of you but I'm still going to post my view as I see it.

I think it's more likely a suspension RNS is coming rather than anything looking for a market reaction.

Actions always speak louder than words, especially in the small cap arena.

RM in the last few months has lent the Company circa $190k and then used 'and the Company's own cash constraints' as an explanation for not publishing financial on time.

Your welcome to make your own mind as to why there's a confliction.

Not expecting end of suspension anytime soon.

If you were the company thinking about taking this company over, the first thing you'd complete is some in depth due diligence.

That's probably happening right now.

The main problem with the cost over run was that everything was already costed and debts were secured.

Now any potential funding will have an independent forensic due diligence which will take a while to complete.

It's going to be a few months before we get a definitive answer to whether they'll get funding or not.

Yes that's a step in the right direction for sure.

RM needs to step aside, he's out of his depth and a decent CEO would be reflected in the share price going forward. IMO

It's not the rates on the loans, it's the fact there's no money within the cash flow system and a loan from the CEO is required.

The share price has dropped 60% in two days since the latest RNS.

It doesn't look like the market has much faith in a great win for all.

Some of the work suggests there's water holding issues with the soil.

The main factor I can see with the increased costs is inflation.

Next RNS could well be a suspension.

In times like this it's no good looking for the jam tomorrow, it's the here and now for shareholders.

With RM continuing to lend the company money there's still a liquidity cash flow issue.

No mention of relisting, I doubt it will be back on the market in 2023.

The market is pricing in a dilution wipe out for shareholders, even if it's possible for the company to raise the funds needed.