Member Info for Toffers

Https://www.policybee.co.uk/blog/how-much-professional-indemnity-insurance-cover-do-i-need

ask them what they are covered for, how much, because as I was trying to say, there could be a shortfall, big or small, if they lose the Mispare/Queeld case. I hope for all your sakes, they win it, but obviously, there is quite an element of risk with High Court proceedings. If they do lose it, and they are not covered sufficiently, where is the shortfall going to be derived from? Ask. My opinion. Up to you lot.

If you read, I said 'usually'! It depends obviously on the size of the company and the risks involved, but I doubt they would have had more than 1 mill and that's about the average for smallish companies of this nature, but as the assets are in Russia, who knows, it could be less, because there is nothing to try and claw back against if the insurer decides it has grounds to sue the company itself. You all should be asking the company what cover they have exactly, and whether it covers these proceedings at all, in part or in their entirety? After all, the company didn't even tell shareholders it had been engaged in such litigation until nearly 18 months after it had commenced, and then it turned out to be not just one set of high court proceedings, but two! That really is bad! Then Mispare/Queeld amend the particulars so as to also name the directors personally. To my mind, that begs the question that if they are successful, are they going to go after the directors shareholdings if they can't secure monetary recompense? directors shares can be transferred. Then what? who has the largest holding of the company then? I don't understand why you lot are not preparing questions for the AGM, if indeed, they take any questions, or whether they just disappear in to the ether again without hardly answering anything crucial. Get together and start formulating a list and do something useful rather than sit there arguing, and get these court cases at the top of the list, what happens if they lose, how will any award of damages be covered? how will the claimants legal costs be paid, can the claimants request the court to transfer directors shares in lieu of cash? why weren't shareholders informed of the litigation (as already voiced by me, and some others, we would probably have sold at that point in December 2021, and got out with more than we did). You need to start asking. The company has treated its shareholders with disdain, they are hiding from you, you have every right to call them to account. My views again.

Trowtech, professional indemnity insurance usually has a ceiling of 1 million, you should know this, IF, and only IF, the company has a policy that covers all such events, even this, then the amount is not likely to cover the amount of damages that could be awarded, which are to be assessed, should Mispare and Queeld win their case. The legal costs alone might well head in to the region of 1 million for both claimants, never mind any damages. Then, if the insurers should agree to pay out, and it' not a given, as there are many exclusion clauses in indemnity insurance policies, it's a nigh on given, the company will struggle to get any future professional indemnity insurance, so then what? It's plain and simple as I see it, if they lose that case, it's curtains, damages, legal costs, and difficulty in obtaining any further indemnity insurance and even if offered, will be at a massive massive premium, off the wall! Why won't you listen to any opposing view? It's people like you who cost shareholders money because you're so blinkered, you insist your view is the only view and the right view, when actually, on the face of it, you could be very very wrong.

Yes, Rawlinson is a NED, but does that stop him from preparing the case as could Keith or anyone else in management? No. And as you will see, initially in the Logik case, Eurasia were a litigant in person, so Keith or anyone from the company could have attended court to represent the company, but now they instructed lawyers.

Who cares about you being an independent contractor, that means nothing, and no one cares, because you're so blinkered you can't be objective. You're probably GMF78 with dissolved companies to boot! I could tell you what I used to be if you want to play the game of let me trump you, but I won't, I'll tell you when IMO this has finally gone down the pan. No one will touch this whilst there are two sets of high court litigation in play, it's too onerous, who wants to risk taking on any such debts, so until the Mispare/Queeld case is resolved at the very least, nothing will happen, and if the company had had a sale in the offing, of anything, they would have resolved that case quickly IMO in oder to get it out of the way and get a sale through, so to my mind, there never was a sale not at least from when they started arguing with Mispare and Queeld, which I think was 2018. Can you see the logic? excuse the pun. My views of course.

Absolute joke SimplyWallStreet and should be ignored. They said eurasia could fetch shareholders something like £3.57 on a sale of the assets, the share price is now down to just over 2p and no sign of any sale of assets. Their opinions are nothing but fairy dust! and they want you to pay them for the privilege!

Archways, I've just read the synopsis of your cancer journey and I just wanted to whole heartedly wish you the very best with the latest test in life that has been thrown in to your pathway. I sincerely hope that those clinicians with experienced hands will be able to sort it out to the good, it's never too late, and don't give up hope. Although I am fortunate not to have been afflicted to date, I have heard from many cancer survivors that remaining positive is key, and having things to look forward to in the future, spurs on the efforts to keep going. May be the Greatland group up there in Staffs can do interim meet ups with you by whatsapp or zoom or whatever, as a lot of cancer patients go through the process alone, so perhaps the Staffs group can have a regular check in? Wishing you the very very best and fingers crossed xx

And before a certain poster blurts out about professional indemnity insurance, I doubt very much any insurer would cover any possible negligence on the part of directors running a business, certainly in this way. I suspect this is why the amended particulars were just that, 'amended', to include the names of the directors personally! Anyhow, time will tell as to the outcome. At least, as and when there is a final trial date set for that case, the judgment thereafter will provide the finality to that one, whatever it betides! May be you want to be asking if they have any form of insurance to cover those proceedings should the case go against them? If not, how do they intend to pay for any damages, and legal costs, should they lose? DYOR

Still amazes me, Ian Rawlinson is a qualified barrister and a NED, so why isn't he representing Eurasia in all this high court litigation and saving money on legal costs? If the company were certain of a good outcome, surely they'd have no hesitation in letting him defend both cases for them! I don't think Eurasia can do anything until the Mispare/Queeld case for a start is determined. If they win, then they will get their legal costs paid and that will be that, if they lose, Mispare and Queeld will get their share certificates replaced, they will probably be awarded significant damages, and their legal costs to be paid in full, they will no doubt start selling out as well once their certificates are replaced. I can't see, on current financial status, the company can withstand all of that financially, so I suspect, if the Mispare/Queeld case goes against them, they will dissolve the British arm of the company. My opinion. DYOR.

Has everyone conveniently forgotten the two sets of high court litigation? they're going nowhere with that in situ. If they raise any money from a sale, Queeld and Mispare will obtain an injunction to freeze the monies pending the outcome of their case for a start, as damages in their case could be colossal if they win. Think on. Nothing is happening here, infact, nothing has happened in 8 years since they announced they had interested parties for MT!

I'm not certain it is shorts, not at this level. What I do think is a shame is that they released both of those rns's together yesterday. Why not release the funding one first, and then perhaps have released the other one about Rio say on Friday, which would have then given the market the weekend to digest it, and have that one more in mind than the funding one? I don't know what others think, but I'm not sure that releasing both of those together was the best outcome for the sp!

I get that, I realise there are many that have found themselves trapped on a continually falling share price, but on yesterday's news, on the announcement of a MAJOR taking a JV stake, would you have expected it to drop? I wouldn't, not at all, so the likelihood has to be that someone is collecting and they really are flushing out the weak. I do think they want retail investors out, which as many have stated, is totally unfair and a kick in the teeth, when many have been invested for years and have essentially propped the company up through all the bad times and beyond, so I do think SD, if he does want to deliver for all his shareholders, needs to be up front, and start walking the walk for the retail investors, and not just talking the talk! Words are easy, it's actions that count as we all know, and this current price action isn't having any of it!

Were quick to drop this yesterday as soon as trading started and the rns's had been released, so that tells me one thing, they are fishing for stock for someone. Hold tight, it will reverse when they've collected!

Saw Toffers being mentioned again, actually, the guy's sister was married to my partner's business partner at that time. I met him at a red cross charity ball. The rest is history as they say, but I often wonder what my life would have been like if I had taken him up on his offer that night! It did, however, give me valuable insight at a young age as to how these people tick! Power and control are understatements believe me, and what they want, they invariably get, at whatever the cost! Rio are in there for a reason, for Rio's benefit!

Before bed. Great news today. Let's hope for a steady and gradual climb in the sp for the right reasons now, and not a manufactured pump and dump.

https://twitter.com/wabusinessnews

Wow, they're moving at speed on this new development!

from the proactive interview with Andrew Scott and Shaun Day on twitter

Https://www.mining.com/greatland-gold-inks-deal-with-rio-tinto-for-australia-expansion/

https://www.businessnews.com.au/article/Greatland-Gold-teams-up-with-Rio-Tinto

https://www.morningstar.co.uk/uk/news/AN_1685443380094965600/greatland-gold-signs-with-rio-tinto-for-western-australia-expansion.aspx

Tygra, are you out there? how are you feeling about today's news? ;)

On the contrary, always happy where Rio appear! Let's just say my paths crossed with a former Chairman in my younger days! ;)

IKN, that just proves what a liar you are, as what were you recent threats? You would have me removed, you read my posts? well if you read my posts, whoever I am and whoever you claim to be or not to be, I know for sure you are an absolute liar through and through.

I have a past association with Rio! Let's put it this way, if they want something, they will stop at nothing to get it, regardless of price!

Wrong person to blame Pompal, you should be wishing that on Mac aka Aberdeenman and his cohorts, they destroy each and every share they butcher and leave countless investors many thousands out of pocket wth their antics.