The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I have an ISA account with ii and I've spoken to them today to check what I need to do if anything to ensure receipt of the special dividend payout from AMC. I've been reassured there's nothing I have to do, ii will deal with everything with the payment paid into my ii ISA account when they've had receipt of the money. I would urge all shareholders to contact their brokers and get confirmation! I have both verbal and written confirmation from ii and shall wait for the payment to land in my account! Here's the second paragraph of the email I received from ii "I am writing this message to confirm you do not need to do anything in relation to the recent news of a special dividend paid by AMUR MINERALS CORP ORD NPV, this has been taken care of by our team already and will be paid onto your account." Hope this is helpful.
I'm with ii and have voted today at 3:30pm over the phone. I was told it's not too late to vote and my vote was taken manually over the phone. if you haven't voted, you still can. Those with ii you can contact them on the following numbers:
Telephone from the UK: 0345 607 6001
Phoning from overseas: +44 113 346 2309
Well done to all of us who voted NO and thanks once again to those who attended the GM and representing us who couldn't attend. For future reference it would be good to get a run down from one of the attendees on how the meeting was conducted.... was it a show of hands, or straight to a poll vote, was there a Q&A period, was RY present, who was the chair, was the TEO mentioned, any info would be great. Anyway it just goes to show how important it is to vote and get your vote in on time! Hopefully RY and the rest of the BOD get the message from the shareholders that we're not prepared to be shafted, we just want a fair deal and return for our investment.
I hope it 's not a show of hands. However if it is a show of hands and the Chair calls the vote in favour of the Yes votes then two or more of the No vote representatives should ask the question.... "if the show of hands reflects the number of votes in receipt?" The Chair should have this information. Also if the vote goes to Yes then the No campaign should simply "Demand a Poll" on the basis the share holders have not been given all the information, i.e. the TEO, to make a informed decision. My guess would be on a Poll the NO votes would win!
BB2
Thanks for the link. Reading the article it looks like it's going to be a show of hands! I'm only going by the section that reads "Where it has been decided before the meeting to conduct voting by a poll steps can be taken to ensure voting is carried out smoothly: 1. The notice of meeting: Should clearly set out that voting will be by poll and explain the reasons for this". Unless I've missed it, to my knowledge this hasn't been done.
I'm with MadMat and also think the voting power should be proportional to the number of shares you hold.
I have 1.1m shares and have voted NO through my broker. I'm unable to attend the meeting but as suggested by Rebel100 it might be a good idea for those attending to form an action group and demand a poll if the Chair doesn't call for one. According to the article.... If the Chair is aware that the show of hands doesn't reflect the votes registered then the Chair should demand a poll (however, let's face it this is AMC and so probably not going to be in favour of the PI). Section of the article worth noting....
"The chairman should demand a poll where voting on a show of hands is unclear or if he/she is aware that the outcome of the vote on a show of hands does not reflect the position of the proxy votes registered. The chairman should be provided with a draft script covering this eventuality should it arise.
If a poll is correctly requested by shareholders during the meeting the chairman is obliged to comply with the request. However, it is acceptable for the chairman to point out the number of proxy votes that he holds and ask whether they wish to withdraw their request. If the shareholders insist then the poll must proceed.
If a chairman improperly refuses to take a poll where it has been properly requested any resolution passed on a show of hands will be invalid and ineffective".
Good luck to all investors and thanks for those taking the time to attend the meeting.
I'm a LTH (Pre Licence) and I read the posts on here but rarely post myself. Like most LTH I stand to loose a considerable sum of money. Having followed and read the posts on here for a number of years you get a sense of the posters who are credible and ones with a lot more knowledge worth listening to. TDT is a poster I tend to listen to and is absolutely right about the Crede deal and in my opinion TDT is also right in saying ".... PIs will be lucky to get anything from this if the yes camp prevails". My stance is a yes vote ends in no reward for the shareholders but funds the lifestyle & pensions for the BOD; a NO vote gives some "hope" of an improved offer and the potential of rewarding the shareholders, however there's the risk the RF will just take the asset and we the shareholders get nothing but at least we'll get the satisfaction the BOD also get nothing! Every shareholder needs to make their own decision and what's best for them and so I also respect CT and his views. GLA
Snip just read your comments... the rational and logic behind the land acquisitions are explained by Graig Brown in the interview on 14/09/2021 and also in the two RNS that were released in 09/2021
Watch Graig's interview here's the link
https://youtu.be/fxVu24-66L4
Blackhopper I agree with you mate..... added another 300K to my stock.
I was looking back at some of Graig's interviews (....couldn't find the one I was looking for) anyway Graig's interview on Proactive Investors dated 14/09/2021 is a good one to remind everyone why we are invested here and with regards to the ground the fundamentals are still the same. In the interview Graig talks about the land acquisitions and mentions the drill results but he also says he believed the share price should be 3 times what it was at the time which was around the 1.85 on 14/09/2021 which would make it 5.55! Hopefully we get a good captain to steer this ship where it belongs or even beyond Graig's own expectations. Time will tell but I for one will keep faith! GLA
My sincere condolences to you Jody and to all of Craig's family & friends. Such a great loss to the world of mining! I initially invested in ECR primarily because I believed in Craig's vision, drive and the belief he had himself in ECR. I too hope the Directors & team continue with Craig's vision and deliver for all invested in ECR but more importantly to finish Craig's work and leave a legacy for him.
With tomorrow's AGM and being 63% down on my investment here I thought it's important to vote and salvage something here if at all possible. I haven't voted yet but looking to do so before close of play today. At the moment I'm considering voting the following way....
Resolution:
1 - For
2 - ?
3 - For
4 - Against
5 - Against
6 - Against
7 - For
8 - For
Basically I'm going with Anderson. Only reason being Anderson is a shareholder with a considerable amount of money invested, whereas the BOD haven't put a penny in and were happy to wind up the company!
Has anyone voted or have any thoughts on which way to go? What about Tim Livesey and Resolution 2... vote to keep him in or vote him out of the BOD? Your thoughts & comments would be appreciated before I cast my votes. Just want to check I'm doing the right thing for us PI's. Thanks
Property purchase within in the Bailieston License Area
13 September 2021
ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)
Property purchase within in the Bailieston License Area
ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce that its 100% owned Australian subsidiary, Mercator Gold Holdings Pty Ltd (“MGH”), has purchased a property at 127 Nagambie-Rushworth Road, subject only to payment of the completion monies. The property is located within the Company’s 100% owned Bailieston license area (“Bailieston”).
It is anticipated that monies will be paid, and completion will occur, on or around 8 October 2021 and further updates will be provided at that time.
Highlights:
The property is adjacent to the Company’s Cherry Tree Project, located within the Bailieston license area in Victoria, Australia.
Bailieston neighbours Kirkland Lake Gold’s multi-million-ounce Fosterville gold mine. Newmont Mining have also submitted an application for an exploration license immediately to the north of the Black Cat property within the Bailieston license area.
The property consists of 297 acres of land (no buildings at this time), within the 24 square kilometre Bailieston license area, with ample exploration opportunity and the future potential for the construction of a mine decline, processing plant and tailings dam.
The purchase price of the property is A$750,000, which will be settled in two tranches consisting of a A$75,000 deposit, which has already been paid, and the remaining balance which is to be paid 30 days from the date of sale. The purchase will be funded by the Company’s existing cash resources. As at the close of business on 9 September 2021 the Group had £3,874.779.94 (USD equivalent $5,362,695.44) in the bank after paying the A$75,000 deposit.
Craig Brown, Chief Executive Officer commented: “Following the recent highly encouraging early results from the maiden drilling programmes at the Bailieston HR3 and HR4 (Cherry Tree Project), on behalf of the board, I am delighted to announce the purchase of a considerable land package located in close proximity to Cherry Tree. Based on the gold mineralisation, geological findings and data acquired from the Bailieston drilling campaigns to date, our board have taken the decision to proceed with ECR’s second land package acquisition.
“The size and scale of this land package ensures that, equipped with our own drilling rigs we can now ramp up our drilling and exploration activities across the territory, and when appropriate can develop our own mine decline, processing plant and tailings dam.”
“This is an exciting period of evolution for ECR as a company as we grow our presence across the Victoria Goldfields. I look forward to reporting the next developments.”
The property was purchased from a private individual.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this ann
BOD asking for shareholder votes to give them the power to make acquisition deals. Here's an extract from today's RNS....
"The Notice of AGM, Form of Proxy, Letter from the Chair and Guide to Accessing the AGM are also being posted to shareholders today and are all available on the Company's website.
Importance of shareholder votes
The Letter from the Chair contains some important background and explanatory notes in relation to the resolutions being proposed at the AGM. In particular, shareholders are being asked to approve a resolution to grant a general authority to the Directors to allot "relevant securities" ("Resolution 4"). This is a typical public company resolution sought annually which would provide the Directors with the ability to use the Company's shares as part or full consideration for a transaction, within the limitations of the Company's authorised share capital.
Ormonde's Board of Directors ("the Board") considers the passing of Resolution 4 as being critical to provide it with the minimum flexibility required to have a realistic opportunity to deliver a material acquisition as a platform to enhance the long term value of the Company. This same resolution was not passed at the last AGM, leading to the failure to complete one such transaction earlier in 2021 as, inter alia, Ormonde was unable to evidence its ability to conduct share issuances as part of the planned consideration. Accordingly, the Board wishes to emphasise the importance for all shareholders to vote in favour of this resolution, in a transaction landscape which has changed markedly in recent months in terms of financing opportunities for project owners given the increased capital now available to junior mining companies. In order for the Company to be at its most competitive to attract and compete in this M&A environment the Board is once again asking shareholders to approve this resolution.
Should Resolution 4 not be approved, the Board's ability to engage seriously with project vendors and complete such a deal would be severely limited.
The Directors believe that the proposals set out in each of the resolutions being put to the AGM are in the best interests of the Company and of shareholders as a whole and, accordingly, the Directors unanimously recommend that shareholders vote in favour of each of the resolutions.
The RNS on 25/01/2021 suggests there's no Plan B, so if you haven't already voted please vote otherwise there's a strong chance we'll be holding shares with no platform to trade on! Here's the paragraph from the RNS that worries me and should worry all ARK shareholders, note in particular the first 5 words....
"There is no meaningful alternative to Migration and failure to migrate would remove the Company's access to electronic trade settlement. This would seriously risk the Company's ability to retain admission of its shares to trading on AIM and, importantly, a market for its ordinary shares. Therefore, the board is asking all shareholders to support the resolutions proposed for the EGM by voting in favour of all the resolutions being proposed at the EGM or appointing a proxy to do so on their behalf".
Frodo, I'm with ii and I just gave them a call. They only needed to know the Company Name, date of the EGM and how I wanted to vote. The information you're after might be on the Arkel website in the Investor Section under Shareholder Notices & Documents.