Member Info for Stix01

If acompany publishes misleading or false information via the Regulatory News Service (RNS) and fails to follow through, the consequences are severe and can include substantial fines, public censure, and civil or criminal charges. The specific penalties depend on the severity of the breach and its impact on the market.

Regulatory penalties from the FCA

The Financial Conduct Authority (FCA), which acts as the UK Listing Authority, polices and enforces the regulations that govern RNS announcements.

Fines for the company and directors: The FCA can impose unlimited fines on a company that breaches its Listing Rules, as well as on any director who was "knowingly concerned" in the contravention. For example, after a trading update contained inaccurate statements, Metro Bank was fined £10 million for misleading announcements, and its CEO and CFO were also held responsible.

Public censure: The FCA may issue a public statement censuring the company or directors involved. This damages the company's reputation and signals to the market that a regulatory failure has occurred.

Suspension or cancellation of listing: In cases of serious or repeated non-compliance, the FCA has the power to suspend or cancel the company's stock market listing. This prevents trading in the company's securities on a regulated exchange.

Criminal and civil liability

Beyond regulatory action, a company and its directors may face criminal and civil charges.

Criminal charges: Under the Financial Services and Markets Act 2000 (FSMA), it is a criminal offense to knowingly or recklessly make a statement, promise, or forecast that is misleading, false, or deceptive. This is punishable by up to seven years in prison and/or an unlimited fine.

Civil compensation for investors: If investors lose money as a result of a misleading statement, they can sue the company for compensation. Recent updates to the FSMA allow investors to claim compensation for misleading statements published via RNS, including voluntary announcements like trading updates.

Market abuse: The dissemination of false or misleading information that gives a "false or misleading impression" about a company's securities is a form of market abuse. The FCA can impose unlimited fines and other sanctions for this behavior.

Market and reputational consequences

The financial and legal penalties are not the only consequences.

Investor and market confidence: Failing to follow through on an RNS announcement erodes trust with investors and the broader market. This can make it difficult for the company to raise capital, attract new investors, or maintain a stable share price in the future.

Share price drop: If the information was positive and caused a price increase, the subsequent failure to deliver or correction will likely cause the share price to fall sharply.

Loss of credibility: A company's credibility is damaged not only with investors but also with business partners, customers, and employees.

6months has long gone since suspension.

Last Rns said end August accounts would be submitted and company relisted yet that has passed with no news.

No RNS has been put out to explain or inform of needing an extension either time.

What are the FTSE plans moving forward.

No point trying to list on another platform like JSE if they can’t do the basics right they only have to see what’s going on here.

Yes There have been 13 RNS`S issued but not many of significant meaning!

Some directors leaving

Some being added

Some info on jse listing and outcomes etc

They have mostly been to inform us the consultants they have brought in have now hired other consultants to consult them.

The main one which is the accounts to be published to allow relisting has not come to fruition.

Funding has not been secured.

My question is what have these auditors been doing for the last 6-7months.

They’ve not made any money so mostly a few receipts for outgoings.

If they can’t stick to timeframes then a jse listing is useless markets will find it hard to trust them.

maybe they should concentrate on getting the basics right before they over complicate things

6months window was up on August the 3rd no update has been given on whether the company has requested an extension.

Yes a rns was stating accounts will be done by end of Aug but that is different to confirming an official extension. Why they have not.

Some people saying news may drop first thing Monday morning but that is not August anymore we will then be in sept and be a few days short of being in a 7month suspension.

But if they waiting for funding why is that such an issue to achieve and have issues getting the funding

Didn’t they make deals with yellow cake for this reason.

And there knowledge in getting previous deals done for other companies.

And markets By all accounts have said there won’t be enough uranium to meet demand for all the projects that are about to explode into action.

There has also been talk by top financial experts in saying that the uranium sector is one of a kind in the sense you can sign a contract with buying company for a future delivery to be made. You can then Take that contract to the bank and get instant funds. No other resource does this.

“contracts for designated prices and fixed prices overtime this is critically important because if an oil well is drilled today their is no way of knowing what oil price would sell for in five years from now but with uranium you can contract with an investment counterparty and know how much uranium and the sell price it goes for which allows the company to take this contract as collateral to the bank which lowers cost of both equity and increases the asset in which helps securities analysis future forecast and future cash flows which increase the share prices and reduce the volatility commodity complex ultimately would suspect because of the emergence of the market that uranium prices relative to underlying cash flow flows are the highest commodities business from now this is a circumstance which isn’t recognised by the market at all is extremely important

Have evraz made any official announcements yet?

Reminds me of a few months back when they announced an rns with confirmation of something then They dropped news that it was gonna come in ahead of time and it literally came in only 2-3days prior to the original announcement so they might as well saved us the drama.

I was hoping for a relisting today,

It’s been 6months since suspension started and no update has yet been made on whether they have requested an extension.

It’s also been a few weeks since any official news via an RNS.

I don’t take not much notice from the management using Media platforms to post info as it’s not regulated, it isn’t classed as official news and lacks the regulatory framework.

Some info JB has previously posted on media platforms isn’t professional and could potentially be seen as market abuse.

“it's generally not considered best practice, and could potentially be problematic, to post company news directly on social media platforms without also issuing a formal announcement through a Regulatory News Service (RNS). “

1. Market Abuse Regulations and Information Disclosure:

* Equal Access to Information: UK Market Abuse Regulation (MAR) requires listed companies to release all material information to all investors at the same time to ensure a level playing field and avoid disadvantaging certain investors.

* Preventing Insider Trading: Posting price-sensitive information on social media before an official RNS announcement could be considered a leak and potentially facilitate insider trading.

Could we return to trading Monday 4th August.

I have this date in mind as that would be the 6months of suspension and we haven’t had an rns saying they requested an extension.

On today’s news I am thinking we will relist 1st week of August to coincide with our 6months of suspension, But that is only a guess.

I am not to happy with the rns today

Whilst I feel it’s great they finally given us news it’s kinda of caught people off guard and is very unexpected.

The deal with CMC is an absolute joke giving them such a huge volume at a discount even at suspension we were at 0.68 and majority of other shares that’s been issued recently have been at 0.75

they told shareholders how great our duel listing was with JSE, so why not give them time to see how the duel listing goes before they made side deals with additional brokers on the LSE.

all these appointments of brokers & advisors will all want paying so in the near term the comps will have huge costs with no income to cover them

So I feel the announcements of funds must come soon.

How will the deal with brokers be tailored??

Will the cash be upfront of the 100m shares or given as they are sold - If they have made these side deals with the brokers to potentially get instant cash then I don’t understand why they couldn’t use yellowcake to provisionally sell uranium and take the contract to the bank to access cash as most industry leaders have said about the unique position for generating funds on future contract sales.

How many advisors have they now brought in to help them run the company seems as thought the advisors are advising the advisor -

*Yellow cake

*CMC

*AcaciaCap Advisors Pty Limited ("AcaciaCap"

*Light Consulting Pty Limited ("LCL")

I’m interested in other peoples thoughts on the issue

JB Posting on X does not count for much

Whilst JB has come out of hiding, Posting on X does not count for much, using media platforms is not official news and is unregulated.

You can pretty much say what you want on them without comeback look at all the fake news spouted.

Only when it’s made official by an RNS, will I sit up and pay attention.

i am unsure what to make of this rns

mr *****on van der burgh officially off the board and resigned.

i dont know what contribution he was actually bringing i know he is supposedly setting up funding and was a billionaire but he was struggling to rub two pennies together.

him resigning just as we are all shortly expecting lift off seems odd unless he threw a tantrum because he couldn’t get his own way and lost overall power when stillwater came onboard.

i think it was almost a year ago that neo disclosed they where working on funding deals with his company but was delayed to issues but that never materialised and i maybe wrong but i feel he was holding up the process with the promise of funding that didn’t arrive.

neo are now in a unique position where they don’t need to rely on him now to get funding as many sources are interested and they positioned themselves with yellowcake who can hopefully do what he couldn’t.

the only concern is that he does hold a huge % of the company due to previous agreements

@ TzCopper

You can’t be high up in the company to be spouting and shouting so loud it’s just not how it works because you’d know what recourse and action to take and how to conduct the allegations even if they turn out to be true.

It takes time for a company to investigate and they are wise keeping cards close to themselves. Why should they tell you their next moves so you can counteract it.

You can’t be that naive can you???

companies do not tend to air their dirty laundry in public.

They even make statements along the lines of “we can’t comment due to on ongoing legal disputes”

I ask Why would you potentially jeopardise a potential court hearing because If what you say is true then the usual route companies take is via the court especially if they dispute the allegations.

every post you make in the public domain diminishes your chance of success even if true, Also Every post you make can also potentially be spun 360 degrees and made with a counterclaim of defamation, loss of earning, future loss of earnings from the reputational harm.

Before I leave some tips below I Thankyou in advance because whatever the outcome you have either unintentionally watered down the potential claim and more so if untrue you would of ruined your own company’s reputation and filled your competitors bank balance.

”Making public allegations, even if true, can sometimes be seen as damaging to the company's reputation. If the case goes to court, the public statements could be used as evidence of reputational damage, potentially impacting the amount of compensation awarded. 
Defamation:
If the public allegations are untrue and cause harm to the company's reputation, the company could potentially sue for defamation. 
Impact on Evidence:
Publicly airing details of the case could potentially influence witnesses or taint the evidence. It's important to be mindful of the potential impact on the legal proceedings” .

There is late accounting, but late accounting for 3 years in a row and he’s on a hatrick of suspensions with marula alone.

The first time can be a mistake but 3 times is inexcusable.

Especially when after it’s been promised each time it won’t happen again.

Soon no company will want to buy any product that has his name to it, due to his incompetence.

I ask when will the board finally hold him to account and give him a vote of no confidence and finally put someone in place who can progress us without the drama. Then he can be a shareholder like the rest of Tod us and save us the BS.

His name alone linked to the company’s he runs will keep the sp down do to lack of industry trust and confidence.

How are we supposed to get financing in place when they can’t do simple tasks correctly.

Hope you all come out of suspension soon.

JB has made a hatrick of suspensions for marula alone.

He should be held accountable for his negligence and removed from the board via a vote of no confidence.

Then he will just remain a share holder like the rest of us and hopefully they put people in place who can deliver.

Unfortunately over at his other company Neo they are still currently suspended and been since 3rd February so while the suspension could be short it may be many months.

The first question that popped into my head when reading the rns is Are they fast tracking because we are soon to be delisted from the lse.

I hope that is not the case.

The rns states at the top:

“Neo Energy, the near-term, low-cost uranium developer, is pleased to announce that it is progressing a Fast Track Secondary Listing on the Johannesburg Stock Exchange”

But this isn’t really a secondary listing as it states near bottom:

“The Company's shares are also listed on the A2X Markets (A2X: NEO), an independent South African stock exchange, to expand its investor base and facilitate strategic acquisitions of uranium projects, particularly within South Africa.”

So in theory am I right in thinking this I would be a third listing unless they plan to remove the A2X.

Whilst I welcome the rns it is nowhere near what we wanted. The main questions still remain unanswered.

I will only breath a sigh of relief when the news we seek starts to come through the official lines.

It’s not Neo news but It may be JB has gone quiet because he got a sh*t storm on his hands over at Marula the sp is crashing because they have issue with copper grading which was not upto standard when buyers received delivery of the product.

Accusations negative press and potential legal action on the horizon due to claims of falsified assays results on a 60t shipment.

Whether true or false the allegation is hurting them

Hopefully with Stillwater on board we will be immune to this sort of issue.

I can’t see a way back it’s all but certain the Russian assets are gone they will create a way to get the company regardless of the courts outcome

There may be a tiny flicker of hope to get a fraction back but I’m not holding my breath as there seems to be many variables that have to go our way.

The fee is so low it probably be swallowed up with creditors and other debts unless atlas has agreed to take on the historic debt as part of the deal.

I’ve previously said in other posts Evraz NA has been running separate to the Plc since suspension so I would be keen to see what cash if any they got stockpiled

I am finding it hard to understand how the FCA can pull the breaks on a demerger and sale of Raspadskaya which would of diluted the Russian assets and given cash to shareholders

Below a paragraph from rns dated 15 dec 2021:

“EVRAZ shareholders where expected to receive an entitlement to 0.4255477880 of a RASP share for each EVRAZ share held”

Yet the only assets evraz hold outside of Russian territory and of any value to shareholders have been sold on the cheap in a fire sale.

I would be interesting to see the contract does atlas agree to take on the debt and bills outstanding otherwise The sale price is absolutely shocking.

“The consideration for the Sale comprises (i) an upfront cash payment of US$50,000,000 at closing less certain transaction expenses and (ii) up to US$450,000,000 of contingent deferred consideration. The contingent deferred consideration is payable subject to the achievement of certain milestones by the North America business following the closing of the Sale”

Evraz and the FCA better have water tight contracts what is stopping Atlas Holdings after the acquisition from asset stripping and breaking up Evraz NA and selling parts to other companies then they would never hit the milestone threshold to hand over the rest of cash

This has been published on the Evraz website

It does not look like a good deal.

Small upfront payment then when only milestones are met the rest will follow.

In meantime what happens with all the cash they’ve stored which has been separate to the plc’s balance sheets.

Article below is available on main Evraz website:

“EVRAZ plc (the “Company” and together with its subsidiaries, the “EVRAZ Group”) announces that on 26 June 2025, the UK HM Treasury’s Office of Financial Sanctions Implementation (“OFSI”) granted a specific licence (the “Licence”) for the sale of the Company’s North America business (the “Sale”) to one or more entities wholly owned by funds advised by Atlas FRM LLC (d/b/a Atlas Holdings LLC) (“Atlas”). The Company’s North America business is a leading producer of high-quality engineered steel products for the North American rail, energy, and industrial end user markets.

Headquartered in Connecticut, United States, Atlas invests in industrial and manufacturing businesses globally within specific sectors of focus, including the steel industry.

Following the receipt of the Licence and in connection with the Sale, on 27 June 2025, the Company and certain other members of the EVRAZ Group entered into definitive agreements with Atlas for the sale of 100% of the equity interests in each of (i) EVRAZ Inc. NA Canada and (ii) EVRAZ Inc. NA, being the holding companies for the Company’s North America business.

The consideration for the Sale comprises (i) an upfront cash payment of US$50,000,000 at closing less certain transaction expenses and (ii) up to US$450,000,000 of contingent deferred consideration. The contingent deferred consideration is payable subject to the achievement of certain milestones by the North America business following the closing of the Sale. Any proceeds received pursuant to the Sale will be dealt with in accordance with the Licence and in compliance with applicable sanctions laws and regulations.

The closing of the Sale is expected to take place in H2 2025 and is subject to the completion of a pre-closing reorganisation and other customary closing conditions.”

Social media posts mean nothing.

Questions have not been answered. It’s not unreasonable to want information some which should have been released some time ago.

Why are we still in suspension?

Why are the accounts not been verified and posted?

Why are the independent valuation reports which where due to be completed in Q1 2025 not yet been released?

I’d prefer less media and more accurate reporting of information in terms of an RNS

And if the last accountants where that incompetent to have paperwork take this long then who was the person that choose them and what due diligence did they follow and what are the consequences of their f**k up because let’s be honest in all industries a mistake of that magnitude would of held someone accountable.

I still am positive despite my ramblings but very frustrated with what is going on

I am Halifax shows the stock and share amount but all other info is * out.

It would have been helpful if they dropped an inbox to the account to explain their actions after all I pay a fee for the admin which for this stock is absolutely nothing.

I will try contact them tomorrow but if anyone else contacts them please can you share their response as in past when I’ve had issues I’ve been told different to someone else.

Thanks in advance