Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
The new auditing company also be looking at what the previous auditors did and, quite commonly, challenging some of the more material elements. They're also mandated to talk to each other which isn't the simplest of tasks.
I'm not disagreeing that there is a chance this doesn't come back, I'm just saying audit is rarely simple and a change in auditor is always more of a challenge.
If they've not worked on this sort of operation before then they won't fully know what they're doing - hence tricky to give a timeline...
Reasonably positive. I have no reason to doubt that experience of auditors, I've had similar myself (although in a tech world, it's not uncommon for "experts" to arrive who have no idea what you're talking about). It's a process and a frustrating one.
I would say so, yes. But when I suggested such a thing I was told they "forward sell all of them" (there is nil evidence to support this).
Ah, HE1 the wonder share.
That is, of course, if you bought between 20 December and 20 January. Otherwise you’re probably still massively underwater.
That share is a rampers wet dream. It’s spent most of its life at 6p or above yet they’re constantly banging on about a rise to 2p.
Reality is they didn’t have an auditor and it didn’t start until this year though.
The progress they made was internal. The reference to a lack of auditors to complete fieldwork is the key phrase in that.
Given they appear to have got them all at 10p, they’d be better off holding for a while.
(We owed ‘circa £220k’ and they’ve been issued 2.28m ish shares - so 10p by my maths).
Audit typically takes a few weeks. That's without an onsite element for a mine too.
Then on top of that you've got the element of it being a new set of auditors so they're likely to be challenging some previous decisions.
Basically, it isn't quick. It's getting on a bit now but I'm not surprised accounts still weren't sorted at end of March. I'll start to worry if we're waiting much longer than a fortnight from now.
If they've already sold them then they've done well, given the shares were only created at 08:00 today.
I can see 5 showing as buys.
And 1 showing as a sell.
What's your definition of 'lots'?
I've got my averages down to;
31p (from about £1.40) ISA
21p (from about 70p) SIPP
Could have been worse!
=RAND()
Yep, what doc said. Honestly, some of the guff you rampers will come out with.
AGM announcement means requirement to have annual general meeting will be met.
It’s not a measure of confidence in operations.
In a shock twist, not a lot happened full stop.
Run out of shares to sell? Surely most have sold already (at £15) and are now waiting to buy back to replace?
We won’t, if we are still waiting for accounts when the next ones are due then the company will almost certainly have been struck off.
Needs closure, soon.
Because there are still rampers out there who will buy them...
Now $0.29 per quarter.
Ouch.
There are a couple on LinkedIn.
They’re ’open to work’. Not ideal.