Member Info for mrc_mrc_mrc_mrd

The long stop still needs to be extended if the deal is not signed and sealed before next Friday.

ARA are NOT legally bound until they sign the paperwork. (I don’t think it’s likely they will pull out, but there are no consequences for them if they do…)

Davde - if he can pull something off then great. Acquisition still seems impossible without funding though. Bank finance is extremely difficult.

No the steal would be to let the deal fall through and demand repayment of the loan…we know what happens if SCIR can’t fund their percentage of the costs…

Davde - problem is that significant investment is needed to grow and make the company profitable. The begging bowl needs to make an appearance IMhO.

Tanz gov have done their part.

As I understand it ARA under no obligation to sign. They might have changed their mind in the last year?

It’s been over a week since ministerial approval. Looking at another long stop extension at this rate?

ARA could drag this out if they wanted. Really put the screws to the BOd5.

Or even pull out?

The long stop stands I’m afraid lads. We are still waiting for the deal to complete.

Lol is that so?

20th october is the new long stop I believe. Will there be another extension I wonder?

Cheer up mate!

Some poor sod has thrown in the towel and got £65 back today.

I dread to think what those shares cost them to buy.

Well we know they have been living on the never never with ARA loan

Why about the Gneiss Fees?

Perky - what about the monies owed to ARA?

If only AA and that pesky Perkins would create a similar pact!!!

Sadly their souls were bought and paid for by the BOD and their cronies many moons ago!

Not really SHS. The deal has not completed.

I see someone had my offending post removed? (Questioning how much of the receivables will be deducted by ARA to repay the lon they have advanced us?)

Well it’s not completed yet so let’s see

Agreed SHS.

Looks like any Ruvuma monies will just be squandered by this BOD.

The BOD needs to go and the company needs to be delisted and run cheaply for the purpose of returning proceeds to investors.

Sounds like Malcy was a few beers deep when he wrote this. Bought and paid for by Scirocco.

I see the downward spiral continues.

Perkins — you shorting this hoping for a “sell on news” reaction?