focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
bought back in with my previous profit - could not get anything under 4.95! demand must be there so this can only be going one way!
RNS Number : 3154L Finablr PLC 29 April 2020
29 April 2020
Finablr PLC ("Finablr" or the "Company")
Statement from Co-Chairman Dr B.R. Shetty
The Company notes the Statement made Co-Chairman Dr B.R. Shetty as set out
below in full. The Company takes all allegations of fraud and wrongdoing
with the utmost seriousness and will continue actively to pursue all available
lines of enquiry.
Statement from Dr B.R. Shetty
Out of respect for due process and to allow the various UK and UAE authorities
and investigations, including my own, to quickly expedite their mandates, I
have refrained, to date, from making any extensive public statements. This
restraint in speaking out has come at great personal cost to me both
reputationally and materially. However, given my own legal and forensic
investigations are now starting to produce some initial findings, and in
consideration of some misleading and inaccurate allegations and claims made
against me, now is the right time to do so.
For the sake of clarity, I ceased having a day-to-day executive role in NMC
Health PLC ('NMC') in 2017 and since then I have been a joint non-executive
chairman and shareholder of NMC. I stepped down from the board of NMC on
February 16th, 2020. The series of events since December 2019 have shocked me
as much as anyone else, including the alleged fraud and misconduct at NMC, as
well as the existence and extent of undisclosed company debts.
The preliminary findings provided by my advisors from my own investigations
indicate that serious fraud and wrongdoing appears to have taken place at NMC,
Finablr PLC ('Finablr'), as well as within some of my private companies, and
against me personally. This fraud also appears to have been undertaken by a
small group of current and former executives at these companies.
Some of these preliminary findings include, but are not limited to;
• The fraudulent creation and operating of bank accounts in my name
including many fraudulent transfers that I neither authorised, consented to,
or had any knowledge of.
• The fraudulent creation of loans, personal guarantees, cheques and bank
transfers in my name, and using my forged signature, that I neither
authorised, consented to, or had any knowledge of.
• The creation and set-up of companies in my name that I neither authorised,
consented to, or had any knowledge of, and that were seemingly created with
the express intention to commit or conceal fraud.
• The fraudulent creation of powers of attorney, and the misuse of existing
powers of attorney, again in my name, that I that I neither authorised,
consented to, or had any knowledge of.
• The creation and provision to me of false and misleading financial
statements and information regarding the performance of some of my private
companies and investments by members of my own management team.
• The payments of expenses using my private companies and persona
they once again gave us a lovely intra day **** drop - if only I was quick enough to add! hold strong I reckon
ORCHESTRATED drop - maybe to get a bigger buyer in!
Eurasia is pleased to announce that it has received notice to exercise warrants over 54,750,002 ordinary shares of 0.1 pence in the Company at an exercise price of 0.6 pence (the "Warrant Shares"). The consideration for the exercise of the Warrant Shares amounts, in aggregate, to a cash value of £328,500.
In addition, the Company announces it has received a notice of exercise options over 8,257,748 ordinary shares of 0.1 pence in the Company at an exercise price of 0.42 pence per share (the "Option Shares"). The consideration for the exercise of the Option Shares amounts, in aggregate, to a cash value of £34,682. These options were exercised by employees of the Company, not holding positions as directors of the Company or as top management or as advisors to the board.
Anyone else notice IG is showing to buy at 1.32 and sell .28? Not seen it like that before and curious if anyone else has? Maybe a sign of things to come :)
Yes, I have a work mate who is based in salt lake that sent me the pacer complaint, I don’t see a date on the complaint but happy to share it...
This RNS, then I will!!
Auroch Minerals (ASX: AO
Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) is pleased to note the announcement today from Auroch Minerals Limited (ASX:AOU) ("Auroch") that the Exploration Licence 6331 (EL 6631) at its Torrens East Copper Project ("Torrens East") has been granted. The Exploration Licence is the western of the two tenements comprising the Torrens East Project, and covers a likely extension to the gravity anomaly that is currently being drill-tested by the Torrens JV (70% Aeris Resources Ltd; 30% Argonaut Resources NL). The granting of the EL means the Company can now proceed with access agreements in order to initiate exploration work programmes on this highly prospective area.
Auroch continues to collate and interpret available historic geological and geophysical data with a focus on coincident areas of gravity and magnetic anomalies and is currently investigating various options for further exploration including airborne gravity surveys, reprocessing of aeromagnetic data and Magnetotellurics (MT).
The Company is also continuing its intensive exploration programme at the Arden Zinc Project. During the past few months the exploration team has completed detailed mapping and surface geochemistry sampling over large areas of the Arden tenement. The work has been focused on the key prospect areas previously identified, such as the possible extension of the high-grade zinc mineralisation encountered in drill-hole RRDD-0071 in the 2018 drill programme, which included 3.65m @15.47% zinc within 12.80m @4.96% zinc from 53.00m. With the zinc price recently increasing to over 3,000 USD/t2 the Company is working hard towards the next drilling campaign planned for the end of this quarter.
Cadence currently owns 6.6% of the equity in Auroch Minerals, which is an exploration company targeting principally zinc, cobalt and lithium.
Michael Langoulant has joined the Company as Interim Chief Financial Officer ("CFO") effective immediately.
Michael is a Chartered Accountant with over 30 years' corporate experience having a strong background in international business and financial management. He has acted as a director and CFO for a range of companies listed on AIM and ASX.
Michael joined in early February and has carried out a full handover with outgoing CFO, Andrew Rodgers who steps down today. Mike is expected to remain as interim CFO on a full-time basis until at least August 2019 or until a permanent CFO is appointed.
Darren Bowden, CEO, commented "Mike is a highly experienced CFO with significant experience in the mining sector. On behalf of the Board, I would like to thank Andrew for his valuable contributions to the Company."
This should have a positive impact today.....
Amendment to the Senior Lenders' Facility Agreement
Metals Exploration, through its Philippine subsidiary company FCF Minerals Corporation ("FCF") advises that it has agreed the conditional reschedule of the Runruno Facility Agreement ("Senior Facility") as amended with its lenders, The Hongkong and Shanghai Banking Corporation Limited and BNP Paribas, via an Amendment Deed dated on 18 February, 2019 ("Deed").
The key amended commercial terms applying to the outstanding rescheduled loan amount of US $63.3 million are as follows:
a. The final repayment date is extended to 31 December 2020 and the backstop date for Project Completion¹ is 30 June 2019.
b. It is a condition precedent of the Deed that the Company raises net equity proceeds of US $20million before 31 March 2019. These funds will be immediately utilized to reduce the Senior Facility by US $15million and provide a working capital facility of US $5million to FCF.
c. A revised repayment amortization schedule as follows:
I would rather a steady rise - last order was 1.50... 2p is just the next step. Great RNS and the puzzle is nearly complete.... maybe MMs were also expecting a lunchtime RNS.....
The Company is pleased to announce the appointment of Mr Andrew Stancliffe (age 41) as a non-executive director effective immediately. Mr Stancliffe has been nominated as a director by MTL (Luxembourg) Sarl Pte Ltd ("MTL Luxembourg") in accordance with the Subscription and Shareholders' Agreement which completed on 5 April 2011, and a deed of adherence signed by MTL (Luxembourg) Sarl Pte Ltd dated 27 August 2014.
Banking Update
The Company announces that it has received waivers from its two major shareholders until 31 March 2019 to complete the work already in progress to consolidate four short term shareholders' loans, into a Mezzanine style single facility. The original date to complete this was by 31 December 2018 as announced to the market on 22 November 2018.
A similar extension of time was applied for with the senior lenders until 31 March 2019 to align the various work streams involved in the shareholder loans consolidation and the senior debt refinancing. The Company expects to announce the decision of the senior lenders towards the end of next week.
No, I know the money was back as I topped up at ECR and DOR. Sorry for anyone who has lost of this though.
*didnt*
did show - was only it in for 20 minutes, the movements were putting me off! LZYE GRP ORD 1P 07-07-2014 14:41:26 At Best - 22963 £449.26 LZYE GRP ORD 1P 07-07-2014 14:21:08 At Best 22963 - £320.00
Nice little 323k buy at 1.31.....a slow burner this
maybe the Victorian style is suited to Blackpool - I have stay at their Billesley Manor Hotel and that was a pretty decent hotel which I would stay in again, swings in roundabouts.
Are we still in Auction here? No trades in this first hour