Member Info for fairdealer20

Suspect the immediacy of his departure signifies a push rather than jump. The market is bound to react in a way seen probaly concluding some sinister outcome to the Selene drill. This is pure speculation as any results of the drill are unlikely for some time yet.

An excellent RNS. Never had much confidence in Swindells who imo was a poor communicator and even worse protector of Shareholder assets. Swindells hasty departure, at this time is hopefully not an omen, but probaly hassened by Richard Sneller's cashing in. Andrew Nunn as a geologist should be a better leader than the Accountant Swindells.

Lets hope this change is the beginning of better fortunes for us all.

Most of us came here on the back of the global growth and demand for Graphite. It does have a tremendous potential.

Against this background Shareholders would be right to think there would be a clamour of Funders to get a piece of the action.

Discussions with the Sovereign Wealth fund and others have been going on for months. Given the potential of the product is it concievable Funder(s) require a significant part of the Equity even putting their own people in Executive positions at the expense of Shishir. Not a bad thing in my view.

SH's need to remember shares are not tradeable and unlikely to be until the Accounts are signed off.

Still all to play for.

AIMO

A bit like the Curate's Egg, good in places.

High value flake production which is intermittent.

Continued discussions with potential funders. How long will the Sovereign Wealth Fund deal take to conclude? More Holidays in Dubai???

Reasonably high Income streams but NO indication of Net Profit.

Continued delay in publication of Accounts ( until 31st December). This cannot be good and would potential Funders be "impressed", or are processes in play to reduce Ordinary PI's share of the Equity?

5 out of 10 for the update,

M&B and Marstons share the same year ends and tend to publish Trading statements within a day or 2 of each other. On this occasion MAB updated the market on 21st September. By way of comparision interested investors should view MAB's statement which is more informative than that published here today

AS part of the Loan Waiver agreements in 2020, Any payment of dividends are sancitioned by Loan note Holders

Historically Marstons have suffered poor management which allowed debt to increase to unmanageable levels, at the expense of Shareholder value ( SP and Dividends) Getting to grips with debt is only coming about by reducing assets, which in many ways can produce short term benefits but longer term net income reductions. Selling 100 pubs may reduce debt but those pubs will no longer contribute towards Income.

It should be remebered Longer term Debt shows reduction however it is the total debt ( Including current liabilities) that Investors will consider. The 40% brewery sale proceeds,reduced some of the Longer term Loans, but because of fiscal rules regarding Loan Waivers agreed with Loan note holders in 2020, a large element of debt was vired to Current liabilities, which is not fully stated. Presumably because BOD consider it an exceptional overdraft and therefore considered a Trading facility.

Todays report is short on detail, it will be the Full year's accounts ( due in early December) that will tell the full story.

Every hospitality co. report Sales but fail, at this point, to state cost of sales which ultimately give us the all important, Net Profit figures.

Sales reports for the period of competitors are:-

M&B.................................+5.2%

Shepherd and Neame... +4.9%

Spoons............................+7.6%

Fully aware of NDA formats. This one if fully read, was particularly locking out any prospect of the BOD openly marketing the company. There are rigid conditions and penalties. The fact that claimed competitive offers were made has not been disclosed to SH's demonstrates a level of underhandedness at the very least

No point to continue this debate, the deal is now done.

Wish you luck, Tony , with your GTE investment

The NDA ( often used to conceal/diguise), agreed and signed by Majid on 28th February. The complex detail well and truly shackled I3e's BOD to an arrangement that could take 12 months to conclude. It was a masterly tactic that numbskull Majid agreed. The NDA virtually prevented I3e from engaging formally with other parties, hence the statement " unsolicited offers", details of which have never been disclosed.

Good luck to anyone becoming a GTE shareholder.

GOD, ( good acronym) I share your disappointment. Afraid the majority have it, we will get NO further offers and are at the mercy of GTE.

GTE to my mind is not a company with integrity ( not that it means much these days), Majid is a totally dishonest Director who would probaly sell his grandmother for a piece of silver. He has completly mislead shareholders.

The whole affair should be investigated by either the regulator or a first class investigative Journalist.

I do'nt want GTE shares and am pondering whether to sell now.

That cannot be right. 60 members voted in favour and 18 against. No way did 78 members attend Court and or the GM.

It is a bad deal and no way do I intend to hold shares in a company who are exposed to Bandits and massive debt pile.

I barely brake even which is better than a loss as some will suffer.

What ever else never invest in a Company where Majid is involved.

Some here have not been completly honest only 18 shareholders voted against

ISman, could be nearer the truth than you realise,especially if Mark Slater and other Instituions are anti the deal

Nomad.... likewise, it is very odd. Cynics will say suspicous.

Sta thats seems to be the case, if so have the BOD used those eligible votes?

He's playing games. Did'nt know about the Vote earlier

Jun-man the Vote ended last week. Your broker or who ever hold your shares, should have informed you weeks ago.

Jezzoo that is quite disgraceful. Do wonder how many others who have posted here were not able to record a vote?

It is not democratic and possibly the way GTE have organised to ensure success. They (GTE) are not a company I want to fund.

Hope these fundamental discrepances are brought to the attention of the Court at 1.00pm.

Agree with your sentiment, but will keep my powder dry until the result is announced to us "Mushrooms"

In the absence of the result, which is appaling, asumptions can be wrong.

Wonder if Mark Slater has been consulted??

Where is it??