Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
drill ready with 2D..drill ready with poor 3D the report stated..why would anyone offload anymore more money into KEA..when IRGS spends half his life semi retired & the half other stumbling round Soho half cut haha
in Autumn around westminster Abbey..
on AIM & it also magics up from nowhere, research & timing are the only answers..don't stay in too long either usually works best..
It's the aussie market that controls this share..no more cash from me for any rights offer just let it ride for 6 months & see what happens..
An outline of the proposal from Linyi would involve the building of a new factory on an industrial park in Linyi, which, the Board understands, would be funded in entirety by the Linyi authorities. The new site would be approximately 100 mou (16 acres) as opposed to the Group's current site in Linyi of 66 mou (11 acres) and would be able to accommodate 4 lines. The rationale for the approach by the Linyi authorities is that the current industrial estate is becoming focused more on light commercial (i.e. not heavy industrial) and thus they wish to relocate industrial companies to a new specific area. Accordingly the Company has the opportunity to move the production facilities to a new location which has significantly upgraded infrastructure. The Board is keen to act in the best interests of its shareholders and as soon as additional details are known, the Company will make a further update to the market.
Hi there skier, its not a factory dispute, they have to relocate due to the new passenger rail link to Beijing being built right through the ind estate..they have said a compensation package 'agreeable to both parties' will be concluded..the hold up is the proposed site for the new factory is tech based & deemed not suitable for industrial companies like SORB..the rethink is to link the new factory with the existing plant in Linyi city.. June 2013 RNS As detailed in the announcement issued on 23 April 2013, the Board has been working towards finalising the details of the compensation package in relation to the Company's manufacturing facility in Ulanqab City, Inner Mongolia. The Company has subsequently been approached by local authorities in Linyi City with regards to a new, possibly more beneficial opportunity relating to the relocation of the Company's existing original facility in Linyi City, Shandong Province. In light of this approach, the Board has decided to await further detailed information on the new potential Linyi City compensation package that would be offered to the Company prior to concluding on the negotiations relating to the Inner Mongolia compensation package. The Board is keen to act in the best interests of its shareholders and, it will need to review this new opportunity fully prior to making a further update to the market.
If they're good i'm expecting 5p here..if they're very good maybe 7p..all bad news was factored in last year with the impairment charge, if the compensation that's due has been signed off by the authorities, then there will be a firework display here..
Are 2 examples of companies that have downsized wages & or premises for the benefit of the business, this won't happen here with KEA the IRGS show will continue..when the cash runs out he will be in for a placing & at what price is anyones guess..no doubt it will be dressed up in the shape of 2D for MAUKA & various bits & bobs to fix the problems at PUKA 1 & 2..he will come for half a million quid at a guess via darwin..
same as what happened last time & still no communication..
is on £22,500 a month..haha for what & if you look closely at last years accounts you see unusually low NI contributions, which of course means they are utilising salary sacrifice to line their pensions up under the UK's generous tax provision regarding 40% high earners tax relief etc etc..IRGS has ruined this company after finding oil, what a complete donut but hey he doesn't care he leads the corporate lifestyle whilst shareholders foot the bill, with his ineptitude, slovenly approach..he can't even get his grammar right in the RNS..
with no income now they will struggle..IRGS will need to have a proper sit down & wonder where it all went wrong..a good project ruined by a big ego & poor decision making on the captains behalf..
crushingly horrific, expensive & disappointing scenario..
from around 9p to 3p is due to the impairment charge on the accounts to cover the compensation due from the IM..they showed £6.5m loss on last years accounts due to this..when the compensation/relocation is decided the the SP should recover..other than this the company looks in ok shape with enough cash to cover the loan notes due & working capital....
would require a cash sale of the assets, not an equity deal as MSMN haven't got that kind of cash to throw around..
who the fcuk are you..
They have no cash & no income now..IRGS will need to get his chequebook out this time, there's no room or stomach for a placing..this will be under a penny shortly..
read early last years RNS for clarification, this company is currently running at a heavy loss..the only reason they are managing is they have a bank facility to tide them over, if IRGS hasn't hedged the oil then theonion is correct that the wells should be shut in & the whole operation put into care & maintenance till the oil price recovers..the value here is in the assets & not the business operation KEA which incidentally is an absolute joke..
They needed 200bodp for breakeven on company running costs before the oil drop..the gas is not being flared now they have gas fired generators on site..
Knowing IRGS he will do nothing, especially whilst oil prices are like this & expected to drop further..he must not come to the market for a placing, for working capital or he will get abuse & a lot will come from me..they must tighten their belts & ride the storm then come to shareholders with a credible go forward plan or a sale of the company/assets.. Dr Ian Brown who has been with KEA nearly 12 months has done little since his inception as MD of KEA..he could go for a start if he has no useful impact on the business.. All this said we are cheap & any profits I will direct here at these extremely low levels..
After reading this e-mail, we are supposed to be getting 5:1 but to me this reads 1:5 in the example.. Holding: Wildhorse Energy Event Type: Open Offer The above Company has announced that it is seeking to raise up to AUD3.783 million by way of an Open Offer. If you hold Wildhorse Energy shares as of 22nd December 2014 you will receive 5 new open offer shares for every 1 share held. Holders may subscribe to receive 1 new ordinary share for every 1 open offer share exercised at a price of GBP0.026 per new share. Please note that applications for excess shares are permitted only if you have fully subscribed to your basic entitlement; such excess applications may also be subject to scaling down on a pro rata basis. SUMMARY DETAILS Option 1: Take up offer at a price of GBP0.026 per share Option 2: Lapse (DEFAULT OPTION) Option 3: Oversubscribe Option 4: Take no action Example: If you hold 10,000 shares in Wildhorse Energy ordinary existing shares you will receive 2,000 open offer shares. If you take up 2,000 open offer shares, the cost to take up would be GBP0.026 x 2,000 open offer shares = GBP52.00. You would then acquire 2000 New ordinary shares. PAYMENT DATE OF NEW SHARES ACQUIRED Option 1 - 13th February 2015 or shortly thereafter For more details on this event, the full offer document can be found at the following website: http://www.wildhorse.com.au NEXT STEPS To elect to take up your entitlements (Options 1 and 3 above) you must contact us with your investment decision by 30th January 2015 (“the response deadline”). Please reply by email • Your account number • Your name • The Company name • The option(s) you wish to take • The number of open offer entitlements you wish to elect for each option