Member Info for fairdealer20

To clarify what?

You speak in Riddles. If you believe 100% of shareholders vote, think again Gunga Din.

How I voted is not your concern so don't take libertys and assume anything.

You have an enormous problem with Cluff which is infecting your whole being apart from time.

Do you work for LSE???

ALL shareholders are circulated, whether they agree, obstain or disagree is their decision.

The 2million refered would require Approval. Please provide evidence rules have been breached?

You mean the raise activated in October 2017 which expired on 31st January 2019.

ALL Shareholders were asked to Vote Approval. A Clear Majority agreed.

read your 15.44 post for one.

Clear psychological abuse.

Are you employed by LSE as it is increasingly difficult to understand why your diatribe is allowed?

a1m1 again wrong. You accept nothing from those who do know and choose to insult.

You need to research Corporate Law.

Coincidentally I have received today from an entirely different and unlisted Company details of a Funds raise which requires a given majority of Shareholders agreement.
The Articles of Association specify exactly what happens other a Company can be acting Unlawfully.

An instance of a Company Acting without the proper Shareholder Agreement happened early year. That Company, who is known to me, attempted to do exactly what you suggest, however in that instance they ( Company) were taken too task and had to withdraw the Fund Raise being attempted until the Right and proper procedure had been implemented.

Have you read any Shareholder Agreement, or for that matter Articles of Association?

Let us know what you rely on in support of your assertion this Company can act or have acted without Authority.

I am sure the Regulator will be interested in any deviance from Statute.

We are waiting with eager anticipation to read your understanding and interpretation of Corporate Regulations.

By the way we are still waiting, FROM You, the detailed calculations in support of the Funding Vision which seems to afflict you?

Exploration thanks for your extensive reply, I had endeavoured to convince our Resident Guru the folly of his thinking. However he appears incapable of proper and factual research, rather relies on ridicule and abuse.

How LSE allow this guy to continue is beyond all reason. He contributes absolutely nothing towards a meaning ful debate and actually dissuades investors.

You make fallacious statements and then hide behind others. It is clear you are unable to explain outrageous statements , a classic empty barrel.

Why don't you give us the value of your knowledge of Shareholder Agreements, or is it like the funding/placing calculations, beyond you?
.
Your posts are designed to prevaricate and scare and now it seems you are banned from ADVFN wonder how long before LSE imposes a similar ban as the statements coming from the keyboard does nothing too promote investment Listed Companys.

Admin take note..

a1m1 please provide validated information to support your statement?

So you believe a Company can without prior approval from Shareholders increase it's equity base.
Quite astonishing and you pretend to be an Investor.

Investor in what......Karl Marx??

Again your posts, a1m1 are factually incorrect and as usual you cannot, repeat cannot provide a scintella of evidence to support your scaremongering statements.

Where do you live, Russia?

Thanks Gunthorpe, good job I have a thick skin, however I cannot tolerate the deliberate deception taking place here.
I realise it does irritate some members to read these exchanges, but trust over time certain individuals will have dug themselves such a deep hole they would be better off being or seeing an Undertaker.

Gunthorpe in the absence of any reply from a1m1, the Company had shareholder agreement in October 2017 to issue further shares in more than one traunche. One traunche was offered to existing shareholders at a discount to the closing price of the SP ona specific date. The 2nd traunche was to be offered to other Investor(s) as and when the Co determined.

This Increase in Capital Approval expired on 31st January 2019.

This means the Company cannot further allot shares without Shareholder Approval.

a1m1 I look forward to your retraction of the false statement.

Gunthorpe as a shareholder you would have been advised and indeed required to Approve or reject.

I have not been advised, so you can be pretty sure the nonsense spouted here is pure scaremongering.

a1m1 what on earth are you talking about?

Have you read the Shareholder Agreement?

Is there any proposition, currently existing which approves an Ongoing Placing/Funding?

Give us the facts like most here do. You appear to be in denial like a cornered Rat which will attack whoever is in their way.

Gunthorpe agree, majority understand a placing/offering is probable and only likely to succeed if Shareholders and or Funders see enhanced value in the Offering, and don't forget, whatever others may say here, any increase in equity requires the prior approval of All Shareholders. Without it the company would be unable to get a Placing/Offer away.

Yet again you don't know the facts and have done little or no research let alone read accurate posts here.

JOG raised additional funds to allow the Company to move into Producing assets by acquisition. It's that simple, do you understand.

Suggest you curtail until you have proper knowledge of the subject which can be supported by validated data.

With apologies too Doberman and others.

a1m1 again you rely on previous statements which have been proved to be totally inaccurate.

Again set out the methodology and calculations to support the claimed 200% dilution. You have started the calculation by your vision of a 30-35% discount to the SP. However you need to clarify what base price you are using to quantify the total funds to be raised.

Unless you are able to set-out the formula to achieve your projected funding requirement, we must believe you cannot and have NO real understanding of CLNR , the company with whom you have no shareholding.

As others are thoroughly bored with your lack of knowledge supported by qualified details of the propositions you continue too repeat ad nauseam.
If you are unable/unwilling to set-out as requested in a simplified format, details of your conjectured fund raise, it is time you moved on.

a1m1 you can Patronise as much as you like with glib words and " I told you so". The fact is you did not and completely mislead with posts that clearly demonstrate your inabililty to interpret and understand what the purpose of a Placing/Offer constitutes.

Let's give you another chance as you are adamant CLNR will raise Funds which in your words will dilute existing valuation by 200%.

Give us the projected calculations to support your thinking. Not just spurious numbers which do not relate to real costs and values.

Identify, as you see it, the Funding requirements, how it is to be used ( JOG did ), timescale to achieve the funding you are convinced will occur. Your projections needs to allow for contributions from 3rd Party's, the company's current cash-burn. There is no need to include perceived value of potential Farm-outs of other Licences within Cluff's Portfolio, these most understand could be worth zero(highly unlikely) or millions. So don't use a number that cannot be validated.

Again look forward too your calculations??

a1m1 again short of facts, you don't know how much JOG raised specifically for the Drill. The post at 15.21 brought JOG into this debate, not some post many days ago.
Everyone is entitled too an opinion, but not false or misleading views that are not substantiated with evidence.

You have failed, inspite of being asked many times to set out, in detail, how you believe your fanciful fund raise/placing is calculated. Don't you know???

Any correlation with JOG fund raise needs to recognise exactly what was raised and it's proposed use.

JOG raised, in October 2017, £25m less expenses. £20m by excelerated bookbuild Placing and £5m by Offer to existing shareholders.
The funds were/are to be used in part as contribution towards the Drill ( now in process) with their partner Equnior residual cash to enable the company to acquire and existing production facility.

JOG's drill contribution is in the range £7-10m NOT £20m as suggested.

With respect a1m1 suggest you read your post of 15.21.

Exploration sorry to intercept want to know if they know what JOG's raise was to fund. I hope they know????

What is the relevance of JOG's fund raise here in terms of spend and requirements?