Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So, according to Palumbo:
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"To the best of our knowledge, none of the major shareholders are selling"
and
"With regards TR1 disclosures, the company can only request every so often shareholding numbers from its main investors but the onus to report back and file the TR1 rests with the shareholders. From what I can see on share trading, it seems that shares are trading at very thin volumes with little liquidity, hence small volumes can have a great impact on share volatility"
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Well, perhaps you need to keep a closer eye on what they are up to. After all, you have access to the shareholder register quite readily.
I am prepared to have a small wager with Palumbo that Ebioss are fair few down from the last declaration.
#IsPalumbo up for it?!
Ha ha DBB....GL with that!
Them flockers inc Ebioss are worse than EQT lot. Emails never answered, website never updated. Vagueness seems to be in vogue amongst this lot. Hereditary. Now that they are aiming to start with a clean slate, I guess past will be brushed under the carpet. Sorry, but my inbox from all those sources remains empty.
bigdouble, yes, I remember you mentioning emailing fca at the time. Well done!. Just a shame they choose to make ONE example per (god knows) how many years and brush the rest under the carpet.
My email exchange with the Nomad a while back....simply said that he did not want to engage in a discussion on the matter, bar pointing out the onus was on the seller to inform EQT.
Ironic really. For Ebioss to be able to join the LSE they have to, amongst other criteria, satisfy the authorities that they have proven compliance with the market terms!!
razel, that's exactly what's been pointed out by ALL of us in the past, it's in black and white. Their escape clause is (Nomad, IR and BoD) the onus is on the seller to TR1 the company, who in turn will RNS it to the market. My argument is/was that around January/Feb there was a cross-over of directorship between the two companies. Despite knowing what Ebioss were up to, they kept schtum between them, rather than exercise transparency.
As for "the company can only request every so often shareholding numbers from its main investors...". What is every so often?. When you know your major shareholder is offloading, then surely that 'so often' should be monthly?
And the chuckle..."none of the major shareholders are selling". Yeah rite!. Isn't that what IR were saying?!... panicked RI's.
Still, at least the man is responding to emails, which is an improvement over Pricey. Hope you get your shareholder list Iangreen.
Thanks for sharing that Ian.
Seems he's replied to TWO of your mails (?) as your opening mail to him doe snot refer to major shareholder selling...
Also, I note, apart from how hard they are all working, blah, blah, blah....he slotted in the typical response that everyone's had, namely "With regards TR1 disclosures, the company can only request every so often shareholding numbers from its main investors but the onus to report back and file the TR1 rests with the shareholders."
I wished I could grill these guys sat in their offices and ask why they have not done anything about Ebioss being 200 mill shares lighter without a TR1. At the time there were shared directors in the company.....silly me......onus is on Ebioss!
OK, just trying to join some dots....
The last RNS stated "expected to enable the Project to reach financial close which is anticipated during October 2019"
SierraNews article (22nd Aug) - joint venture expects to make “a major announcement very soon.”
NFCDC Sept 23rd meeting minutes have not been published yet.
So, August meeting @ NFCDC said "Closing for the loan should be around September 10th". My guess it was confirmed @ 23rd Sept meeting.
Historically, their meeting minutes are published between 3 and 10 days later. So, due soon.
IMO, seeing EQT said Oct, NFCDC meeting minutes perhaps delayed because of 'major announcement', which should've been 'very soon' according to Sierranewsonline. No one wants to jump the gun!!!
Makes me believe within 10 days we'll have the North Fork fan fare announcement. Would be nice if Billingham +ve news follows.
IMO, DYOR, GL.
Ian, as a good measure, I'd wizz that off to the company too, marking it for the attention of one of the Board members and feel free to state that you request a list under the AIM (Irish company) regulations - a fact - and that you expect a timely reply. GL.
Birdseye/King5hott, I'd suggest you write to the Nomad and the company, demand/request a latest list. If they insist, you have to pay for one or they may give you a free help (gesture). Afraid the list will not tell you what you need to know, though if you get the latest list let me know, we can compare the major amounts v my list. You have a legal right to get a reply.... I know that for a fact. GL.
BTW, King, did you get round to creating that new avatar email. Can throw a lot of info at you!!
Yep, where my finger will keep point. This is exactly the frustration we'll continue to suffer until they are don. Like I said before, traders aren't going to touch this stock whilst Ebioss have another agenda. I think it was DVHarrison that bought 4K worth for a 10% ride. We are stuck in a nasty spiral controlled by one party and I just can't see what sort of news will get us out of doldrums.