Member Info for pablo2

Reading through that update from Sierra Leone, does it not simply sound like nothing really happened at the hearing but it was simply adjourned or perhaps that the original injunction was extended or a further one issued? I have asked for further explanation.

Just had this back : "Hi xxxx, At the hearing on Monday, an injunction was granted restraining the Defendants or shareholders, directors, managers etc from taking steps that will directly or indirectly commence or trigger dissolution, bankruptcy, liquidation etc of any of the 1st to 4th Defendant companies pending hearing and determination of the arbitration proceedings. Let me know how I can be of further assistance. Kind Regards, xxxxx" --------------------------------------------------------------- So, that is the update from the court

I have found a very willing lady trying to find out the details of the case so far for me. She has just emailed : "Hi xxxx, The case was indeed held on Monday. However since it is still on trial the file is not available for public consumption. I have requested an audience with the Judge today to allow me to access the file. Kind Regards, Bridget" ------------------------------------------ So, proceedings did start on Monday and hopefully she will provide me with more updates.

Given you've outlasted all the old bosses here, like me, I think it's about time you gave up raving - lol. It certainly sounds from the RNS that one day these guys think TPJ, sorry I mean AUM, will do something. Don't hold your breath.GL

Well somebody likes it! New broom sweeps clean and all that. The RNS implied that we definitely are still looking for a future and an investment might happen. Still in the bottom drawer. Think some of us long-termers have now outlasted the whole Board - Tony Shearer, Fraser, and that bloke who went off with his elephants into Vietnam, the name escapes me.

I have kept on at my contact at SierraLii with regards yesterday's hearing. She eventually got back to me today but only with : "These information are not readily available because there is no proper filing system at the court but I am trying my best to get the information that you want. As soon as I get them I'll let you know. Best, Bridget" I have simply asked her did the Hearing take place and what was the outcome. It seems this public information is hard to get hold of. As I posted earlier, the Nomad will only release information on this 'at the appropriate time' so, need to know basis I suppose, we need to know but they can't be ar$ed telling us.

Sounds great! Does anyone know when a company announces 'worth at least £1.5m' does that mean actual profit, not just the size of the order? So Siemens will pay, say, £3m, if we're making 50% profit on the deal?

Is this Richard John Koch : http://www.mergersandinquisitions.com/net-worth-100-million-richard-koch/ Over 12% now.

This has clearly bottomed at the moment and the volume is pitiful. Only trouble is we may not get any further financial news until Finals in early June but can't see this drifting much as no-one is interested. It's surely only going to be some mm games that try to stir some trading - otherwise, peace and quiet. All the damage is done. Get some more receivables in and definite plans for further recoveries will help. IMO a move towards this 'liquidity event' would be great. That seems to be a confusion hanging over our necks at the moment. It's not that hard to deal on the Nasdaq if it comes to that.

Yep, invested here too. Like all long-termers, this was the original vehicle and then LEN split off. Not really been keeping up-to-date here really but I imagine we're going to remain suspended for quite a while yet. It surely will take some months, if at all, for us to find a suitable investment and complete it. I see our market cap is 3mAuDollars = £1.5m, and this equates to roughly what cash we have. This was always the poorer brother of LEN in my eyes and yet that ended up with nothing. Glad I got something back for my loyalty and managed to spin out a couple of hundred pounds at the end buying more LEN @ 3.75p about 6 weeks before the 4.1p payout. Will check back in when we have anything to speak about. GL

Just to say, had my 4.1p payout per share, which at least was something back from that part of the Leyshon deal (at a loss mind you). The LEN site on here seems to have been closed down now so suppose that's about it for poor old LEN.

Don't tell me, we're all going to go quiet again for another 6 months. The figures, as far as I remember (can't be bothered checking I'm afraid) have been getting better here for a while. This last RNS seems to make several points on how under-valued the stock is, but .....not many takers. It's a family business, strikes me they might be better off taking it back private. 'Not in public hands' is 63% - why don't they take the whole lot off our hands @ 18p, say, if the company is so under-valued. Oh well, just a thought, chat again in 6 months - lol.

Just an aside about Divi's in general. Is that the new rule that ex-divi is now only 1 day before? The old rule was : "The 'ex-dividend' date. This is normally the second business day prior to the record date. Since record dates are generally a Friday, this means that most ex-dividend dates are on a Wednesday." Our Record Date is Friday Mar 13th (unlucky for some!) so ex-divi is Wednesday on opening @ 7 am. FOUND IT - you were right - now Thursdays to reflect T+2 trading : "Record dates remain unchanged but from Thursday 9 October 2014 associated Ex dates will fall on the Thursday of each week." fromLondon Stock Exchange http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/dividend-procedures-2014.pdf So, it's ex-divi on Thursday Mar 12th @ 7am

You have made a typo in that the recent Loan notes(CLN's) were converted @ 0.1p. This is a bit strange to me why they would convert at less than the current sp. The conversion price of these CLN's has been vearied once or twice over the years for various reasons but according to the RNS of 16/12/2011 a lot were issued within 8% coupon. I don't believe these CLN's are going to expire soon so it seems strange that they have converted now. Perhaps a) they are confident the sp will top 0.1p again shortly; or b) they are mindful the company might go bust soon and they will get nothing. I fancy the former and these conversions take a week or so, so perhaps they want their shares ready to sell if we go over 0.1p. Anyway, just trying to get my head around converting at a price above the sp and foregoing the interest.

and Divi of 0.44p payable to holders on Mar 13 - presumably goes ex-divi @ 7 am Mar 11th IMO. A good re-rate?

I am afraid you're nearly right, I haven't given up hope of something though one day - have parked about £750 here but getting less interest than that offered in the banks. They still have a holding indirectly in Fitbug and are still playing with schools at football - thought Bruce Rowan was going to take them mining, although given the mining sector, it's probably a good job he ain't.

in the RNS - but how good? Noticed the guy at Penny Sleuth David Thornton tipping them 2 days ago. GL Holders.

but not as we like it. Think it's not too bad though but always remember Yorkville want nothing to do with us, as soon as they have the shares (or before - lol) they'll sell them. Well they might wait for any rise to sell into of course, that's what kept us down for years on any good news. Seems a great pity when the sp was finally recovering but if we need the money, Yorkville seems to have very deep pockets. IMO this will be welcomed bu the market at this stage and is not done at too big a discount - don't like the 12p lid on things though or the possibility of extending this facility into the far distant future.

welcome back - not. Could be seen as good by the market today, though.

Now this is more like it! Was dreading opening that RNS and finding Ivan had resigned. But, no! Another good man on board and, hopefully, a slacker left. My little top up today @ 0.065p looking a good idea.