RE: Where’s the value?1 Jun 2019 21:46
Ok here’s my research
Coeur Mining is an American company listed on the NYSE and non of its significant people are TR1 shareholders in BOU
Coeur Gold Armenia is either a dissolved company in the uk or a company that RTO’d in 2017.
Coeur Gold Holdings is a company Incorporated in June last year which hasn’t filed accounts. It appears to have sold shares to two other companies (which it shares significant persons with) for $55 million (why dollars?)paid for by a loan note (IOU). I changed from being self employed to owner my own limited company I sold my business to my limited company which had no money to pay for it. So the company took over my business in exchange for zero cash but the accounts showed this as a loan from myself to the company. As funds permitted my limited company repaid this loan to me, there was no tax or national insurance due on these payments as the company was only returning what was already mine. Could the loan note be a similar arrangement?
One of the directors in Coeur Gold holdings is a significant shareholder in BOU who has filed TR1s.