George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
In recent years this company has cost shareholders an accumulated total of £58million in losses. Read those accounts (found on the website) and weep.
Ah, Jack, you really don't like Mr T, do you?
Whispers up here that Allenby Capital - founded by Imran Ahmad - will be the new Nomad. Surely not?
Aquaboo, Estimates of Douglas Park’s wealth are only that - estimates. He’d been in a successful business for a long time. He doesn’t go shouting his mouth off and, crucially, the business community at least know he is a straight and competent operator. Any Rangers recovery can only begin when the last of the jokers, conmen and convicted fraudsters are out of the building. Easdale’s away, Graham is going. Could King’s days be numbered too? He may turn out to be the equivalent of Brian Dempsey in the Celtic story - a footnote in history. I certainly feel the sooner King is gone the better.
Some fascinating insights from you tonight with regards to the “losing” side - and, as you say, it may be every Rangers fan who loses out here in the end. I’ve enjoyed reading The Mench too. A lot of sense. Can I throw one scenario at you: What if it becomes obvious that King does not have the dosh (or won’t part with it) and Douglas Park steps in to take over? Would that not change the dynamics here? Park has genuine money (one of Scotland’s richest men told me that) and he’s not made as many enemies along the way. Is there a chance King could be sent back to SA with his tail between his legs while coup leader Park brings in genuine talent to start the rebuilding process, a la McCann at Celtic?
And now Tricor’s shares have been SUSPENDED! Another fantastic result for Mr Chan Fook Meng and his paymaster, Rafat Ali Rizvi.
Bad news for Nova Resources, which owns a large chunk of Tricor shares. Well, I say “news” but, as it’s the same crowd of chancers involved in both firms, I’m sure they know fine well what’s been going on here. Yet another embarrassment for AIM.
The company’s cash situation is now “critical” and much depends on the repayment of an unsecured loan of $800,000 to a firm in Korea. Good luck with that. Woof! Woof!
Late-arriving accounts reveal another bumper £1m+ loss on next-to-zero turnover. Assets reduced to £200k but dependent upon £600k valuation of 9m Tricor warrants (current value: £112k). Woof! Woof!
No audited accounts by July 1, so shares suspended. Just as well the company has all those options on Tricor shares to keep the wolves from the door! Nah, this dog has had its day.
This does not appear to be good news: http://www.tempo.com.ph/2014/05/mgb-inspection/#.U47x817oaqQ
We have a full-blown Pump in action here, all based on investment in what was previously Mandarin Mining (Director Chan Fook Meng) up until last year's reverse takeover of a Korean company that owns, well . . . nothing really. Just a contract to manage a wood pellet plant at a university milk-making facility. Just like Mongolian coal transport contracts, there is very little visibility from this far away into how feasible it would be to make any significant revenue from this plant, or even if there is any sign that it will be in operation any time soon. Especially given the payments Enerstry will have to make to investors (£300,000 for a start). Get out quick . . . before the big Dump! DYOR: http://www.marketwired.com/press-release/proposed-reverse-acquisition-and-re-admission-lse-manp-1753444.htm