Member Info for Nickkdog

@BillClinton some of us are wondering if you would like to join us on a whatsapp group. Your interesting takes have us intrigued. What say you?

BillClinton, just looking at Keystone, indeed it looks as if Alper Deniz is a partner. However, they seem to have a lot of lawyers on the staff - a very large firm. I am afraid they will say Mr Deniz was not part of the drafting of the covenants and consent mechanisms. That he now serves on Truva as a appointed nominee. Could the claim they have ring fenced all this within their firm. I am afraid they will likely do so and if so, very difficult to prove otherwise.
Having said that, it stinks to high heaven. But if that were a crime the entire City of London would be in the box.

Thanks for this info BillClinton. You have done quite some digging and it seems very valuable. So what do you suggest we noteholders do about it? Got any advise?
Madmaxx3000 - good idea writing FCA about Avenir. I've been writing them and others about them and Truva Trustees who I also believe are FCA regulated.

As I said in an earlier post we need to find a way to get this to the press I believe. If this story has legs it will be picked up by some journalist and that wouldn't hurt at all. You could start with a small paper the Tasmanian Examiner who have been following the NQ story. Could you share this info with a business correspondent at a major London paper?

LatvianPrince - this is really remarkable information! Can you take it to a public outlet, particularly the press. Somehow this information must reach more people.

So Bugerov can we believe what they put forth in their pitch to us retail investors?
"The bond is asset-backed and has security over mining
assets valued at AU$286m. The security is governed by and
enforceable under English law and assets are pledged to the
trustee, GRM Law Trustees Ltd, London. The bondholders have
security over assets"
Can we trust what they told us in their pitch (a matter of public record)? It is very specific. Indeed, it will be very interesting to see how this is resolved. To me if you put 100% apple juice on a package, well, there's got to be apple juice in the package.

BTW, AU286$m is a very large number, one wonders where it came from.

And what of those who have invested in this company by buying bonds? Sold through 3rd parties as "investment grade" and "Senior secured" mostly due 2/2022. I see this as a long process of liquidation and, one would think, at least partial compensation. Whatever the case, it looks like barring refinance profit generating assets will need to be sold.

Thanks Villa321. Suspended not delisted is a very important distinction.

Indeed, it would be very interesting to hear anything the company has to say. Silence hardly builds confidence. No press release or any communication from NQ that I can find.

I think the problem is that it is hard to have faith in a board that quit. Last count was 5 have left. A bit question is why? Also, they have been trying to refinance debt for some time, nearly immediately after activating the 55 mill facility from ING.
To me it looks like a very nice, profitable facility at Hellyer and an over eager expansion plan that they can't now pay for. I hope they can refinance otherwise they will be selling off /restructuring to pay the bond holders.

Does anyone have anymore news of the situation at NQ?