Member Info for sherwood

Yes, it's all over and out and just in time for xmas. The directors will have been paid their fat salaries and bonuses no doubt before going into administration, they let the sp rocket from .2 to 5p. in the final days to give their friends an escape, as Robin Williams latest dvd yet to come out is titled, let's say Merry Friggen Xmas to the b.o.d.

That last buy from 12th November was 300 k shares at 4.51. I have 700 k if anyone wants to buy mine at around that price . Can't see anyone doing that

As 99.9 % of us think we are finished and shares are worth zero given the horrendous amount of debt and very little now in assets, I am curious as to why you think there is still value in these shares. Would you care to offer your thoughts

No link,just pure maths. We have debts of 250 million. Our assets will be sold off for a fraction of that. We do not have enough value to cover the debts. Banks will take every penny they can . Have you ever been to a administrators auction when they move in to recover whatever they can. They will recover every penny which will still leave us a 100 million or so short. There is no way we will be allowed to carry on. Banks will not lend to a company in administration still owing millions upon millions and they will have no working capital. We have to accept we are finished and the name of London minning will join the list of companies that have been driven into the wall by bad leaders who couldn't adapt to the markets and other factors. I have lost way over £30k , it's not easy writing it off but every penny has gone, of that I am 100 per cent sure

Why is pure65 trying to buy LOND shares which are absolutely worthless. Is he an eccentric millionaire with money to throw away . The shares are worth zero. The b.o.d have seen to that good and proper. Merry Xmas to them

Do I just send an email to pwc.com to air my complaint

If I thought it would lead to an audit for the past 6/7 yrs I would write away in a shot. I have lost over £32k in LOND caused both by my stupidity in investing and the total mismanagement of the b.o.d. If I knew where they lived I would walk with a plackard to protest outside their homes to let the neighbours know what they have been responsible for

Probably because the administrators/ bailiffs have seized anything of value including laptops,computers and all fixtures and fittings. I have been to auctions and it is unbelievable what bailifs sieze to try and recover a few pounds for the banks

We have lost the right to trillions of tons of good grade iron ore worth God knows what, probably a damn sight more than what we owed the banks and the bod racked up debts that were out of control through their disgraceful mismanagement . Rest assured they will have paid themselves sky high wages which would have been backdated just prior going into administration. Now how much are they going to give away the remaining assets for. If each share was given say 4p that would only cost less than 5 million pounds yet the banks are being repaid many times that. It's wrong that shareholders should loose absolutely everything in these situations Perhaps each director should remortgge their houses and delve into their rich bank accounts to shell ot a bit of compensation for each shareholder to clear their souls but I forgot they have no souls . Absolutely disgraceful they way they have failed the business and shareholders

will we ever get to know how much of a pittance the mine was sold for with its trillions of tons of iron ore still in place. are the administrators or Lond obliged to divulge the price

that trading should have been halted a lot earlier. the sp rose dramaticaly in the last days before trading was eventualy suspended. the bod had to know that they had gigantic debts with no way out yet they suckered new investors into buying when they had to have known administration was inevitable. now through theeir total mismanagement ,never mind the excuse of falling ore prices,and ebola the debts they got themselves into had to be racked up over a long period we are talking about a reported debt of approx 250 million. they have paid themselves very hansomely with directors salaries and they only had small holdings of shares in directors deals which they could easily afford to,write off against their big pays.to make it look as they have lost out as well. they will all have very healthy bank balances. i would like to see this years balance sheets of wages paid to them.only us pi.s suffer thats for sure

Every time I look at LOND on lse I see the sp showing 4.17 bid 1.50 ask 1.70 making me think I still have some money left. Wish it would just go to zero which it will one day soon sadly

I've lost £32k and for now I,m finished with AIM . I,m going to stick whatever money I've got left on the euro lottery and lotto. Tonight's jackpot is about £150 million. I,ll start aiming for a share of that money , I have as much chance of winning that as seeing a single penny refund from my LOND shares

None whatsoever. The bod racked debts well over 250 million. The mine is to be sold off for a fraction of that. Not much more to sell. Bod still have their big houses and expensive cars and will be having a big fat turkey at xmas. Pure criminal negligence in my books. They should never have anything to do with running a company again but they will reappear somewhere. Just remember their names and stay well clear

What was that 1.189 million pound deal. Was it a deal that went through as I see it also appears as a minus as well. Never can understand these minus share dealings

I was going to pull it out but I was all to easily swayed by someone suggesting a 10/15p dividend per share on a supposed takeover that was going to happen. I did have my fingers hanging around the sell curser on my ipad but just didn't do it. Don't get me wrong loosing money like this hurts like hell but so long as we all have our good health, money is secondary.

I have £32k in Lond shares which will be wiped out to zero. If you let this setback get to you , you will end up depressed and suicidal. At the end of the day it's only money which with a bit of luck can be replaced. Sorry if I offended you but I think with what I have invested here I am entitled to try and make light of a very dire situation

This will be the price when it reopens tomorrow. Dream on lol

If they do sell to JSW they will probably keep most staff on or make the higher paid ones redundant and hire cheaper slaves to cut costs.

Death of LOND has occurred, just waiting for the final funeral which will come this week. I had thousands invested when it crashed last Friday, it's gone and that's that. There will be nothing for P.i,s . Sorry