Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It looks a given HB will raise at least 500k for marketing and distribution of Shinju and to launch their tequila, maybe two lots of fundraise of over 500k = 6% to GUN although doubt they want to give 6% away.
I noted HB didn’t list last year mentioning Brexit as part of the reason. Maybe now there is certainty over Brexit they could list this year.
Interesting
“Human Brands has received confirmation from a major US liquor retailer, that its submission for its Japanese Whisky, Shinju, has been approved. Total Wine & More ("Total") informed Human Brands that its corporate office has approved Shinju to start selling in selected stores immediately.”
Do GUN own a % of HB now or will they convert the loan to shares if or when HB list? What are they looking likely to get about 10% of HB? I’m Reading this right?
If they couldn’t transfer the asset legally, if they can’t just pay off hope when or if they get a cash injection then why are they still fighting? Why not just throw in the towel?
Any money in any account whether that is FRCC, FRUS or anywhere else so the liquidators can look and FRR can provide the detail but there will be zilch. It will all be going on lawyers fees, day to day operations and I reckon workers have been paid now. In my opinion anyway. Seems to all have went quiet on that front.
I really don’t think we have squirrelled money away from oil sales, it’s all burnt! I don’t think we have a pot to **** in! I also think the MOUs are expired and went cold for now.
I was never quite convinced we had political backing - but after reading the letter this week where we are specifically mentioned, I think when or if the arbitration is concluded and we have a fair chunk of the asset, funding will magically appear from a large US investor or fund, no term sheet, no due diligence, no problem and hope will be paid off and we will cover all costs of all ongoing court cases coz we’re on a hiding to nothing. It’s all time wasting as has been said. US don’t want an American company to fold - and they won’t let them - and give any energy advantage to russia.
Others have posted this train of though but this is the first time I have had a clear opinion on what I think has been going on.
I think the only other scenario is we lose the asset, get sunk costs back from arbitration, settle all court cases and off to Moldova and start again.
I can’t see it being “GAME OVER” in any scenario now but a long haul, years, either way to see any of my money back
“The result of all this is a reduction in foreign direct investment, as American and European business interests are attacked in Georgia with the aim of harassment and expropriation. An excellent example of this is the oil and gas company Frontera Resources from Texas”
States “with the aim of” expropriation. Doesn’t say it has resulted in expropriation. That’s how I’m reading it
Doesn’t make me a shorter for pointing that out lol
That link is dated:- Agenda.ge, 24 Oct 2018 - 13:04, Tbilisi,Georgia
“ Following a short period of swabbing, WR-38Z is flowing naturally. The Company has installed and commissioned new production test equipment sourced from North America and will now commence a multi-rate production test extending over several weeks”
What do you class as several weeks, is it 3, 4 or is it 8 or longer?! Tuesday will be 4 weeks since they announced 38 is flowing naturally. Here’s hoping we get something this week
Anyone tried to engage with the company recently? Suggest you ask for an update directly with them to see if they respond. I wrote to them on 12th December asking for any indicative timescales but got no response.
Back in October when I asked a similar question I got this response...
I am responding to your enquiry regarding news on Bould Opportunities Plc.
The Board of Bould understand how frustrating it can be when the clock is ticking and there is not much news flow, but that is in the nature of a cash shell.
“The directors have a mandate to apply shareholders’ funds to make a meaningful return. We are working hard towards something which the company can lawfully announce .
In the meantime it would actually be unlawful to give a running commentary on every single conversation and opportunity as that would potentially be misleading.
We hope to provide shareholders with an update in due course but the timing of which is to be determined.
The directors are of course aware of their duties and are actively managing the company’s position as an acquisitive cash shell and thank you for your patience.“
Jan 9, 2020
Case Management Conference - Further
70
Jan 9, 2020
Main Doc
~Util - Set Deadlines/Hearings
With FRR losing the PSA and getting £200m (half of spend on block 12) back from the GG to split between shareholders. I’d be delighted. One can only dream! Only way I can see a swift exit from this carry on!
For info I dont have access so don’t know the content
Joint Case Management Statement
https://www.courtlistener.com/docket/14933328/frontera-resources-corporation-v-hope/?filed_after=&filed_before=&entry_gte=&entry_lte=&order_by=desc
23
Dec 17, 2019
Main Doc
Proposed Order
22
Dec 17, 2019
Main Doc
Protective Order
What we got here??
Zaza seemingly commented something along the lines of the crisis period continues until January and there are a court date around mid January. Also a bit of a guess but by the time we get some information from court docs i think it will be March before it unravels...just a hunch