Member Info for substp

List all of the facts please......you forgot the £1 million again! And they have 113 million shares to allot someone voted on the last GM......So there was always a plan to Place shares with someone and enough over to convert LCL loan to shares if LCL wish.......You know, part of the Bridgehouse Umbrella....:-) Who knows that Placing might raise 25p to 30p a share? We don't knoe do we......:-)

Can anyone spot the problem??? 16 July 2013 RNS “SNR, the AIM listed natural resources developer operating in South Africa, announces that it has was informed yesterday that, following sales of ordinary shares of 1p each in the Company ("Ordinary Shares") between 27 May 2013 and 12 July 2013 by Southern Cape Corridor Power (Pty) Limited ("SCCP"), SCCP now has a total interest in 6,475,000 Ordinary Shares, equivalent to 3.8% of SNR's total issued share capital.” Year Ending 30 June 2013 Accounts: Adobe Page 11 “B W Nel and D J Nel 5,350,000 shares” (Southern Cape Corridor Power (Pty) Limited) Http://www.snrplc.co.uk/admin/resources/snr-report-and-accounts-30-june-2013.pdf

It's very slow but they are getting there.....:-) Http://www.snrplc.co.uk/aim-securities/ Next the directors???

Why have you twisted the accounts ? This was not the Chairmans statement as you already know but under accounting policies: going concern. One thing that I would point out is that they had originally intended to convert the loans all along. But I do suspect they thought everything would be in a better positon today. And why did you forget to post about the £1 million? Might as well post it in full servecool: 1.1 Going concern As at 26 August 2013 the Group had cash reserves of £73k. Based upon projections this will fund operations for 2 weeks, creditors are currently being carefully managed and credit terms extended. The export shipment is expected to leave port within one week and the proceeds of £1.0 million will be used to settle overdue creditors and provide short term working capital. The loan from LCL has a repayment of £7.0 million which is due on 30 September 2013. The Group currently does not have the funds to settle this when it falls due and will need to raise further funds to settle this. In the event that funds cannot be raised before this date, the Group will be in default. As disclosed in note 22, the loan is secured on the wash plant, stockpiles and 8% of the shares of Elitheni and LCL have the option to convert the loan into shares in the company. LCL has indicated that they remain supportive of the Group but no formal extension or waiver has been granted to date. The development of operations requires further external funding and exclusive negotiations continue with an international coal trader, but no formal agreement has been reached. On this basis the Directors remain confident that sufficient funds can be raised in the necessary time frame. Should further funding not be available the Group may not be able to realise its assets and discharge its liabilities in the normal course of business. These conditions indicate the existence of a material uncertainty which may cast significant doubt about the Group’s ability to continue as a going concern. The financial statements do not include the adjustments that would result if the Group was unable to continue as a going concern.

And for those who missed this before......A good read... "That same year he established Stockdale, another property company, in partnership with Simon Cooper Major-General Sir Simon Cooper GCVO, Major-General commanding the Household Division and General Officer Commanding London District 1989 - 1991, and later Master of the Household of the Royal Household of the Sovereign of the United Kingdom, 1992 - 2000. , one-time major shareholder in Moseley rugby club. It is a pairing which has done well -Ruhan does the deals and Cooper puts it together and finds the money. Stockdale has completed a host of retail developments -a new PC World in Highgate, BirminghamHighgate is an area of Birmingham, England. It is located about half a mile south-east of the city centre around the River Rea. This area is regarded as the site of the original Anglo-Saxon settlement which gave the city of Birmingham its name. ..... Click the link for more information.; a Matalan store in Banbury; other schemes in Brighton and Southampton. Stockdale is still rolling. But Ruhan and Cooper are better known for the establishment of data centre company Global Switch in 1999. He said: 'I kept picking up the newspaper and reading about this and that American telecommunications companySee telecom company. ..... Click the link for more information.. I chatted to a few telecoms people and they said data centres were the next big thing. 'So I went to America and phoned 20 communications companies. I literally, more or less said: 'I'm Andy Ruhan and if you want somebody in the UK then I'm your man'. It may have seemed a bit naive because at the time these companies had enormous market capitalisations. But four or five said yes.' Mr Ruhan came back to the UK and built his first data centre in London. Then the Americans said actually they were wanting centres across the world. So after London came Amsterdam, Paris and Frankfurt. It cost millions -all sorted by Mr Cooper." Http://www.thefreelibrary.com/Why+Ruhan+is+a+true+survivor%3B+Business+Editor+John+Duckers+meets...-a0108458848 But Simon Cooper is getting very old....:-)

!!!! I no he has resigned his directorship in may companys since the end of last year.....But! Http://www.independent.ie/business/world/billionaire-tried-to-pay-top-dollar-for-chicago-spire-29436075.html

To clarify a couple of things: Rixhardsons is TD Wealth Institutional (UK) Nominees Ltd and has 51,000,000 shares in SNR which is 29.81%. Cooch is now called Number Investments Limited (Assuming it is still owned by Nial Mellon) and has 23,867,265 shares in SNRP which is 13.95%. Sterling Trust has 6,500,000 shares of SNR which is 3.80% and Land Consultants Limited Company Number 062066C Company Type PRIVATE, LIMITED BY SHARES Registered Office Bridge House Bridge Street Castletown Date of Incorporation 16/03/1993 Presence of Charges N Status LIVE Http://www.gov.im/ded/pvi/pvi_fr.html?menuid=21707 Funny haha that.....:-)

About LCL: Land Consultants Limited is an Isle of Man based private investment vehicle, owned and managed by Simon Cooper and Simon McNally. LCL's investment focus is on near term revenue projects across a spectrum of commercial interests. And Simon McNally held both shares in Khayemandi Properties which held Cooch registered at Bridgehouse, Isle of Man. Now we have a name change to Number Investments still registered at Bridgehouse, Isle of man. Oh look!!!! And their addresses match..... Http://www.bridgehouselaw.com/people.php#sm Http://www.legion-strategies-ag.com/simon-cooper/ Http://opencorporates.com/companies/im/119709C Richardsons: The wife and brother in laws of Andy Ruhan (A founder of Bridgehouse Capital with Simon Cooper I believe) who have Gabe on the SNR board to oversee their investment. And of course we have Sterling involved with Mr Phil Metcalf(Bridgehouse Capital)on the boards of Independent Power Corporation and IPSA Group and who knows what else... Http://www.bridgehousecapital.com/who-we-are.html Now! Why would they shoot themselves in their own foot???

http://www.elitheni.co.za/admin/resources/media-statement-a-new-era-daws-on-the-eastern-cape-august-2013.pdf

Bloody hell!!! Alot more... Http://www.elitheni.co.za/first-shipment-east-london-gallery/

Here are some more shots of the Mishima being loaded. Across the river where the other vessel is and to the right of it was where they last planned to put the new coal shed in 2017/18. Http://www.snrplc.co.uk/gallery/ The Mishima is moored outside of Richards Bay at the moment.....:-)

Yes it was in the last annual report....:-)

Has anyone seen this before? Rapitrade.... "The sale agreement refers to the possibility that the purchasers of the 26% interest in Elitheni may, at some time in the future and subject to the agreement of the Company, convert their interest in Elitheni into ordinary shares in the Company.No terms for a conversion have been agreed as at the date of these financial statements and accordingly no fair value is deemed to exist in respect of conversion rights which may be agreed in the future." Adobe Page 48 Http://www.snrplc.co.uk/admin/resources/snr-report-and-accounts-30-june-2013.pdf

I think the markets are stll in shock of disbelief. Thank goodness there is very little liquidity.....:-(

Well that's a bugger isn't! That's only a gross of $2 million So it's taken them 10 months to produce 33,000 tons of thermal????

Now this is interesting.....won't be flooding India perhaps? Http://www.miningweekly.com/article/china-sets-tax-on-low-grade-coal-imports-2013-09-02

? Http://www.gov.im/ded/pvi/pvi_fr.html?menuid=21707 Company Name NUMBER INVESTMENTS LIMITED Company Number 125505C Company Type Registered Office Bridge House Bridge Street Castletown, IM9 1AX Date of Incorporation 23/12/2010 Presence of Charges N Status LIVE Previous Names Name Type COOCH 1095 LIMITED PREVIOUS

The Mishima is 4.5 nautical miles out to sea heading for Richards Bay....:-)

And look at all of those fingers in the pie.....adobe page 56......and how many get/got wages as well as?

Did anyone notice the accounts have bee published on the web site? Nothing has changed except what the hell has happened to the ownership of the company??? TD Wealth Institutional (UK) Nominees Ltd 1 51,000,000 29.81% Number Investments Limited 23,867,265 13.95% The Tudor BVI Global Portfolio L.P. – LBPB Nominees Ltd 2 8,883,333 4.94% Sterling Trust Limited 6,500,000 3.80% Southern Cape Corridor Power (Pty) Limited 5,350,000 3.13% Is Cooch now Number Investments Limited? Under new ownership? If so why is Mellon and Brennan chairmen? Tudor never left!!!!!!! Sterling (Ruhans) back in and Credit Suisse out or under 3% Southern Cape (The Nels) have sold another 1,125,000 shares since their last RNS. Weren't they doing it for the poor people of South Africa? What a laugh!!!!!! Http://www.snrplc.co.uk/admin/resources/report-and-accounts-2013.pdf click OK and scroll to adobe page 3