Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Just watched the meeting, Mr Cotter seemed very professional and seemed very honest so I will be in, the more join the more cash we have to start. He didn’t over promise but came across as a guy who believes in the case and wouldn’t take it on if he didn’t think we had a chance. Main take I got is once we’ve all signed up we keep Schtum on this bb and let him do his work . Any leaks could seriously jeopardise our case.
Cheers Rodney great that this is now coming together and many thanks to all involved for sorting this out, it’s very much appreciated by me, I’m planning to watch the zoom call Thursday when I get chance but by the comments today all looks good
I think what Rodney has said previously in his opinion is that Summit have taken this route out of necessity not greed to get Anavio out of the picture. What they then do with those assets is up to them but if they’re worth what we think then it will not be a good look for them if they sell them and pocket all the cash. Therefore we have some hope that summit may look after the small pi who have been shafted in all this. Either way we crack on with the class action which gives us two chances, anything else will be a bonus. Plus if Arthur still owns stock would he not want something from all this, as it stands I don’t see how he benefits ? Anavio may own stock but summit have the discretion to potentially cut them out ? Correct me if I’m not reading this right rodney.
Stas I’ve been reading the board for years hoping this would come good but with everything that’s gone on since December I decided to post. I’m sure there are many shareholders out of the 400 signed up that don’t post, if you want to be part of the bb you’ve got to post at sometime. Maybe I shouldn’t have bothered
Why on earth would I want to get the class action count down, I’m probably going to join myself once I’ve heard what mr cotter has to say and the more that join potentially the less I’ll have to fork out. I’ve challenged the cag on a few things that I didn’t understand and got a decent response from Rodney which I’m happy with. You’re barking up the wrong mate.
Maybe Anavio were caught off guard so injected the last bit of cash to try to salvage their plan ? I haven’t got a clue. What doesn’t make sense is Summit gave them another month to sort and so if summit wanted Anavio gone, why give them another month ? and also copl kept reiterating there would likely be no return to bond holders or shareholders ?
Rodney, re-reading this again been out all day. So does that make Peter Kravitz one of the good guys, doing his work to ensure summit got the assets and nobody else got their grubby mits on them ? It’s all starting to make some sense. Sorry if I’ve come across as a dog after after a bone but it’s just the situation we have been in makes be query everything. I’ll let you guys get on with it and thanks again for the post.
Rb I can assure you I have been reading this board virtually every day for 4 years so I know what’s been going on. I understand your suspicions of any new posters and I have seen everything on here myself however I am a genuine investor who just wants justice here and my money back or whatever I can get back, so will happily join the zoom call and take it from there. Unless there is some miraculous turn around between now and June 17th then this looks like the only option we have.
Rb / Stas, given what’s gone on it is likely that most shareholders are questioning absolutely everything that has gone on here including the cag. Even giving you my email address has me questioning, If everything you say is genuine I apologise. The website put together is fantastic, I’m just frustrated with the whole shebang and how this has played out and been allowed to happen, does the london stock exchange not have any warning signs when a share drops 99% within a few months to check nothing underhand is going on, why was the shorting by Anavio not picked up sooner by the authorities, this was a main market stock. The whole thing beggars belief.
Monty , there are a few things here that still don’t quite add up to me, I asked Rodney probably 4 times yesterday what was he hopeful about but this seems to have been brushed under the carpet, the line is now we cant appeal and the class action is the only option.
If I question anything about the cag I just seem to be shot down and now with this fish nonsense.
Finwitt now says today there are 4 investors with 2 million invested between them who have been waiting on the outcome of the avo but potentially will now join ? If I’d invested that much surely you’d be doing everything possible to stop this in the first place not just sitting and watching ? James goozee, is he involved, cos apparently he lost millions ? I’ve checked out Michael cotter and he seems to have been involved in the Yorkshire bank case but that was 10 years ago, what has he done since? Anything of worth.
These are all genuine questions and I will join the zoom call and make my own mind up, but it would be better for the cag to answer queries constructively rather than passive aggressively.
Also do you not find it odd that the class action is now swinging into life the same week as the AVO has been signed , sealed and delivered, and emphasising that we can’t appeal it, coincidence ? Why wasn’t this started weeks ago ? Also asking for money to back a guy that others have questioned whether it’s legit and after initially saying it was no win no fee ?
It’s as if the judge just rocked up knowing absolutely nothing about the case and just saying yes that’s fine , surely if he’d done even the slightest bit of research on the case he would have said hang on a minute there’s something not quite right here, let’s take another look before we approve it
What I’m saying is you said it was big week and reason to be hopeful but haven’t said why, the hearing was a chance to stop this but you are trying to portray that it couldn’t be challenged and the judge couldn’t overturn it, then you say it can’t be appealed but that issue comes into play after the judgement so why did the judge not take the respondants (bp) issues into account before making his final judgement ?
‘1. None of us know what Summit intend to do once they own COPL's assets. There is reason to believe that Summit are keen to protect their business' excellent reputation and the confidence of investors. ‘
Rodney what does this even mean, plus you haven’t answered my previous question, you said you were at the hearing and previous to that you said it was a big week but seem fine that the judge approved the AVO and that it was proper ?
Rodney last week you said it wasn’t over and was a big week and you had realistic reasons to be hopeful, now you’re saying,
‘What power do you think that BP and Mr Pontin had in Mr Justice Yamauchi's Court to force him to change his judgement Ryan? There is no right of appeal. This is all due process and is a legal system developed over hundreds of years. It is proper.’
So what were you hopeful about, as far as I was concerned it was a big week because the AVO still had to approved, were you hopeful about something else ?
Rodney, There was a warning from the court on the April 17th document stating that the respondent must file an affidavit and other documents before the application is to be heard or considered, which bp did. Key point being ‘ before the application is to be heard or considered’ so surely that means that the judge could put a hold on this if he thought the information in the affidavit needed to be checked first, so your statement that this was all due process doesn’t make sense