Member Info for troutisout

Well we can now all buy at the recent placing price, I am expecting lots of people who said they wanted the chance to buy at 1.4p, to now do so....

Jack you know exactly what happened at ANR and know exactly the business and family relationships between LH and CG. So why do you try and make out you don't???

Seems like a few silly questions being posted here, do your own research, it really isn't that hard even though they have taken down the Leinad website and Hogan's social media feeds.

Look at ANR and the company they were doing a pyrolysis deal with, it happened to be Leinad, fortunately for the ANR holders, EGM's and the vote to keep the other board members meant they escaped the dilution, however Talbott, Groves, Hogan and Zorbas were greedy enough to then try it with MRS. The Alerion scam was hatched and the rest is history. Listen to the investor's meeting and see if you think they had grounds to spend £1.3m on what seems to have been an idea and some fanciful software that had never been seen working.....

So did Hogan miss the meeting because he was at the girlfriend's down the road?

I think that could become the case but at the moment they are all rats in a sinking ship, lots of investigations circling and more fun when other agencies show their hand. That is when they will all jump ship and become every man for himself. At the moment the concert party still exists as they try and defend their positions (and possibly a lot more from scrutiny)

Also as you seem to up Leon Hogan, why didn't he TR1 his placing shares last year? Zorbas states he should have done. Hogan seems very happy to flaunt the rules.......

Antofelli,
Just goes to show that that Board member would throw anyone under the bus to save himself. Hogan must be pleased to know what he is like behind Hogan's back.
However the Investor's meeting was recorded by the BoD, but due to their poor performance at it, they never released the recording (another devious lie from them), I am sure they will think up an excuse (I reckon that is what they are doing with the two reports overdue now!).
You say that Board member will never have an informal catch up again, well you're right there, he won't, as he will be gone next month (or is that another devious lie?).

I love the bit from 24.45 minutes in...this then from Zorbas, "Leon, from what I know, is single and is a Playboy that lives in Wales and he's got about 20 f***ing girlfriends, I know Leon's got a girlfriend down the street"
"He's dating Chris Groves' Sister"
Zorbas " I couldn't tell you who he is dating or who he is f***ing"

Ooops hope that doesn't get back to Swansea.....

It's amazing how some naysayers start to come out of the woodwork and then start to chip away at the morale of holders (some of whom seem to have morales very easily dented).
The SP didn't really react to the $4m figure and so the drop back due to it's non arrival is not warranted. The financial situation is clear, they have money coming in from Cobre (this was reduced by client maintenance issues in Q1 and the lack of the December pre-payment from the main client. The purchase of Redmoor was obviously structured to give NAE an up front decent sum of cash, with a further payment and an ongoing royalty in the future. The process at leigh creek has been to get the plant up and running using the existing heaps and prove up the process. Anyone who thinks they can then start to mine from Paltridge North and Rossman East and get up to full processing is raving bonkers, of course there was going to be a need for further investment. The Company has been side swiped by the Main Client and reliance has been on them to provide the funds and not plan A as it should. However the Company still hold all their assets and I can see a slower payment plan for the purchase of Redmoor being agreed with NAE (it might mean we end up paying more, but it is still a bargain and owning 100% is very important to SMl and their future plans and development of the asset. That can then mean that funds can be funnelled towards the Leigh Creek ramp up and at one point the production at Leigh Creek will cover it' costs and Redmoor can come into focus again. If they really needed more money I think they could easily have got it on Redmoor assets but there is no point wanting to own 100% of something and selling a percentage of that to pay for it, you don't have 100% at the end of it. I said we need some patience in my last post, we also need to be wary of those who will happily unseat others from their shares with posts of woe and mock disappointment.

Not seen that mentioned on other social media, was that another sh*t the bed moment for the concert party Leon? Imagine them thinking is he the Hermes Fund Manager....LOL!
How can you be sure without his full details and not just his name, you must have access to more details about him, like his address, which again suggests you are being fed information by the Company....

Gorsuch, have I missed something? "and yet the Manners family didn't want to participate even at 1.40,"
The RNS quite clearly states that the Manners Family did support the Placing, most people here I think have unwittingly felt they were the ones calling the shots though, but I think the cornerstone investor was doing this. The numbers suggest we should see at least one TR1 if not two and then we can see who bought the shares.

Dallas Daram,
Jack's original post stated that that Surjeet Singh had requisitioned another EGM, he stated that and that is why I have been asking how he knew that when they was nothing on social media to suggest such a thing. Not sure I have been 'busted' at all, I read the post this morning and Surjeet Singh confirmed in his post "You clearly had inside information regarding the EGM", so I took that to mean Surjeet Singh knew that information to be 'inside' (something that should have been known only by him and the BoD and I suppose the proposed directors and any other requisitioners as Surjeet Singh doesn't appear to have over 3% of the Company's shares). So made my comments from that, you will also note that I pointed out the RNS states Barclays and ii, so if Surjeet Singh did call the EGM then Jack's comment was definitely from a dubious source as it appears the Company is very leaky towards it's cronies....

Antofelli, If the Company actually did something then shareholders might have given them some leeway, but they have done nothing, the reports have not been published, I assume they are trying to fudge them somehow. The refinancing that was supposed to be so imminent has not been done and the BoD do not seem to be in any hurry to action anything. Time they moved over and let someone sort all this out, after all they might actually benefit from the SP rise. As for a cheap offer, well if the concert party make an offer, they will have to offer at least 5p and 6.5p if they try and bid soon. I don't see a cheap offer coming in from anywhere else at the moment do you? The Company is tainted by it's history and the new BoD (and cronies) have done their best to make sure that continues.

If you have got any screenshots then show us the one about the requisition from Surjeet Singh.....You don't know when to stop do you.....

Doesn't matter who jack is, he obviously posted inside information that the Company gave to him, if anything it shows that as soon as the requisition was received, the concert party were informed..... What part of the concert party Jack is, is immaterial. Quite obvious the BoD are working in concert with others to defend their position in MRS....That's why Jack knew the requisition was made by Surjeet Singh, it was never on social media at all and so he could not have found it there, he got it from the leaky Company....

Jack/Leon, you are lying, but of course you would have taken a screenshot or could post the link to where you saw it.

Problem with you, is you engage the brawn before you have engaged your brain. You seem to have lots of the former and very little of the latter.....

Well there you go Jack/Leon the EGM requisition RNS. The RNS states Barclays and ii nominees have requisitioned it, so how did you know it was one specific person? I can't see how anyone could have found it on the internet, twitter, etc and yet you were very specific about it, I assume the only other person who knew would have been the Company Secretary.....Hmmm.....

gorsuch, The major client is likely to have already forfeited the first prepayment amount from early July last year and they only ever made the second September prepayment as we are still waiting on the December prepayment that is in arrears.

"-- Should the material not be collected by the Client within 12 months from the prepayment invoice date any prepayment amount, relating to this invoice, will be forfeited"

Well I hold a large amount of shares in MRS but below the notifiable limit, so don't need to notify you or anyone of my holding, not sure how many Nigel holds though.
As for your notifiable holding you have been trading them through spurious methods, not declaring any percentage changes in your holding (remember the 3m shares from the placing last year that were never declared), and really are taking the biscuit when you ask someone else to be honest about their holding of MRS shares.....

Jack of the North, no games here, you posted something about a requisition for an EGM and the name of the person who has requisitioned it. I have trawled twitter and can find nothing. I did find out that some people have passed the post on to the regulatory authorities who are looking into numerous complaints about certain Board members and their shadow puppets....
Tell me did you have another username on LSE that you deleted only certain phrases are uncannily similar?