Anyone with any comments on the RNS?
Why have we a stampede to buy this carp of a share and why has TW been mentioned?
Managed to open link.
I am unable to access the RNS. Can someone copy and paste it on here please. Ta.
Try this site http://www.grantthornton.ca/services/reorg/bankruptcy_and_insolvency/creditor_updates/edgeresources
I have found very recent updates of the Edge situation with the Courts and the Receiver. I will post them on separate posts. Check them out. http://www.grantthornton.ca/resources/creditor_updates/documents/Edge%20Resources%20Inc/First%20Report%20of%20the%20Receiver%20-%20Oct%205,%202016.pdf
Hi Confounded I did a little more digging a few days ago and came up with a company 'New North Resources Ltd.. a private but quite large company who appears to have bought out Edge on Sept. 12th. for $75million. And that is where the trail goes cold. The total debts of Edge, as far as I can gather is nothing like $75 mill. I intend to try and find out more, maybe an email to the Receiver or even send New North an email asking them direct. Please feel free to follow my findings and see what you come up with. It would put a little smile on my face to get something, no matter how little, from the Receiver.
It's a NO from me as well.
The planned drilling step-outs are aggressive and, if successful, will considerably enhance the project size. Magic words...........'if successful' . ha ha ha ha ha fat chance.:(( They haven't a clue, it's hit and wish with these guys.
Signs of movement at last.
From RNS 'Final results from the recently completed drill programme to be released shortly' When dicky Bird says shortly he will probably mean months if his track record is anything to go by.
Where do we go from here and why do we not have the latest test drilling results?
Sorry wrong board.
7.52am. 8.1 million bought at 0.0249 plus two other buys on the opening bell.
What do they mean by 'over the Saskatchewan assets' ? What about the other Assets. There were three areas. Eye Hill, Grand forks and Edmonton Sands. Were they all under the Saskatchewan assets or something else? I will check tomorrow.
Grant Thornton Ltd. has been appointed as Receiver over the Saskatchewan assets and is in the sales process, as of today. As of June 30th, we had completed the bid portion and we are now following up on offers that we received during the bid process. At this point in the process, Grant Thornton believes it is unlikely that there will be funds to distribute to the unsecured creditors and shareholders once the sale of assets has been completed. If there are funds to be distributed to the shareholders, Grant Thornton will be contacting shareholders to submit proofs of claim for investments made in Edge. Thanks, Taylor
Correct address. Previous site posted at 11.48am is wrong. http://www.grantthornton.ca/resources/creditor_updates/documents/Edge%20Resources%20Inc/1%20Notice%20%20Stmt%20of%20Receiver%20-%20EDGE%20-May%209,%202016.pdf