Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
No idea what you are saying. Please try to explain in another way.? Are you defending 330k administration?, in one year from an investment comp an, with mc 4m and income of zero
Do want this to rise.... Have wanted it to rise for years. Have watched millions leave the kitty to pay for directors. It is frustrating. Have heard all the excuses and yet here we are with a huge backer and still unable to issue any news other than placings and bonus for staff. 550k a year in administration makes me feel sick
AIM COSTS HERE OVER THE LAST 2 YEARS CIRCA 1 MILLIONS POUNDS. 60K RELATED TO LICENSE COST. 900K WASTED AND 450K OF THAT IS WAGES TIME TO MINE SOMETHING
Regards MOU... It was a deal to stop tertiary from Going under. I don't have a short I am invested at Ave age of 5p since 6 years ago. IF acidspar is so critical then why sign a deal with a single buyer? Surely there will be a queue of buyers. Tertiary are not in a good position to negotiate a good deal... They were about to run out of cash. I suggest this MOU is a company saver but can't age it is on good terms for the shareholders of tertiary. Rather we will be screwed on comparison to what we could have achieved with open market and critical mineral. Quality of jorc resource is weak. We need acidspar with is ^90pct... Nevada fluorspar is av. 10percent. Lots of refining to do before we even have a product. Not short just realist. Where is the news. Aquisition we were told was advanced a year ago and was supposed to provide near term revenue. Instead the only news I see is placings and bonus shares on top of excuses for lack of progress. Like I've said this lazy Bod need to. Pull their fingers out. That's a fact
look in the Final AUDITED results to see As at the year end, non-current liabilities were �nil (2016: �30,000). These liabilities relate to a facility taken out in 2010. The facility bears no interest and has no fixed repayment terms, however, repayment may be requested from 5 August 2017. As a t 31 March 2017 �30,000 was recognised within current liabilities. This was the loan that Karim took out with a @certain investor ? (whatever that mean) who then became "warrant holder" of 180m shares....which the warrant holder sold straight away. Nice 1 karim, you haven't even paid that loan back yet (that we didn't even need to take out)
yes there are figures on that on.... ive told you where to find them and ive posted them in black and white on this BB.... are you a little slow pal ? Regards the only ever successful investment by this firm in its entire existence it would seem that VS is a loss maker and are unwilling to tell the market any details of contracts, which is fine I guess, unless you rely on news for the SP to rise in LEG (Because VS is the only ever successful investment) It is valued at the same price as the last investment. Notion and Legendary both invested at a value of 67m That is the value. Something only has value if someone is willing to pay that value for it, so the value wont change until someone invests at a higher valuation than 66m, now I have answered your questions, please answer one or 2 of mine..... Are you happy with those admin expenses ? do you think that is a reasonable ammount of investors cash to be spending in one year ? Where do you think the un-explained portion (#174k) was spent ?
These are the company results you have them as well pal. They are Taken from the RNS, they cover wages and expenses for both directors. It is not clear if they are both working full time for Leg since reuner is involved in other business that has no interest for Leg whatsoever. The administration expenses are disgusting.
i am not interested in making false claims, if I made a mistake I will be happy to admit that. so �326,000.00 in Admin expenses Travel 33k + wages 82k + Office cost �34k + PC Cost �6k (one off increased IT work )=155k 326k - 155k = 171k So Z.Karim has managed to spend �171,000.00 of investors money on ADMIN Expenses (not including office rent, travel, wages and IT costs) Where does the -67k come from in your post ? Listen pal, you dont know me, if you did you would know that i run my own business for 7 years. i am still a director but i am not working right now as the oil and gas market had a downturn. So i know about accounts and allowable expenses. There is no way in HELL that you can justify �171k in admin expenses. it is a joke. plain and simple. This was supposed to be an investment company...... no a blank cheque for karims living expenses, please explain how you manages to subtract 67k from the expenses ? i missed that in any case, even if you were right, 104k is still ridiculous for this tiny little firm that has minimal comitments, doesnt produce anything and actually has no income what so ever
Google translate from outer Mongolian to English ? What in gods name (allah ? ) are you on about ? i cant even understand what you write. how about the extra 174k spend on "ADMIN" (on top of salary, travel expense, office rent and PC Costs) where do you think the 174k went ? what was it spent on ? do you understand ? if you dont know the answer of you have no ideas, then you are like me.... totally confused how a company with no active product of anykind, can burn 330k in admin, while earning ZERO i would love to know. does anyone have a suggestion of where 174k was spent ? please help me out here
Your right.. Its my fault.. I raised over 5m from investors and have nothing to show for it.
I don't care. I think you get my point
As I stated previously. I have not stated anything on relation to this form that it not 100percent true. Quite frankly they deserve to be criticised rather than being paid even more bonus shares and cash salary. Sorry the truth hurts xx
I doubt they have any money left to sue anyone for anything
Won't be able to sue me for libel as I haven't said anything that isnt true. They can't defend my comments since they have acted in exactly the way I described. Inept
I've said all this before. I invested over 20k here about 5 years ago and my investment was down to about 7% of original value. I call it locked in as its not worth selling. I want them to do well so I can get out but normal service has been resumed and its just empty jargon with no progress
Will this libel.... As I've said they have no defence because all they have done is spent money. They have misled shareholders on with the broker who had 9p target yet sold sub 2p
I thank you for your concern however I can assure you I am fit and well both mentally and physically. I'd like potential investors to know how frustrating this firm have been and how they have failed in every single one of their statements. Near term acquisition?, first told of that by Clemmey in 2016...two years later and still nothing. All the cash is spent and we have had no news for months... Save the speeding ticket, placings and bonus shares. They are a shambles and they don't deserve any praise at all
Aha hahaha thanks for the comedy interlude (joker) TYM have a legal team i will be shocked.... Bring it on. I would be happy to tell the management exactly what I think of their performance and use of shareholder funds. Maybe they could borrow a legal team from posselh in exchange for some TYM shares.... Since they have spent all of their own investors cash on printing payslips and raising placings through Beaufort. Of course I want them to. Do well.... But really they have had several years and a lot of cash and I am fed up with the promises and lack of progress with their near term goals..... Which they never achieve by the way
all ive done is post facts regarding the company and its lack of progress, call it what you will ..... but still remains facts. not opinions or predictions but just facts. As a holder of this share, you should realise that ive been here for a long time waiting for the BOD to progress or to do something inline with the company mission statement. Sorry that I haven't written a load of hopeful and unsubstantiated bulltwoddle for you (including pie in the sky SP predictions) but there you go...... that's what you get from my daily posts.... FACT
Admin for 2017 - �329,000.00 so from the sept 2017 rns Travel 33k + wages 82k + Office cost �34k + PC Cost �6k (that's a sweet PC) comes to a grand total of �155k yes the admin expenses claimed were �329,000.000 where has the difference gone ? its massive �329k - �155k = �174k Missing in the Expenses account where the hell has the extra �174,000 gone ? can anyone explain ? maybe ive just missed a massive one of cost out of perhaps he is eating at top restaurants each night of the year ?