The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
We can speculate until we are blue in the face, but what is for sure zorbas is stepping down from MRS & Captor I believe at the end of this month. I wonder why seeing how much of an arrogant man he is to just step aside without a plan?!
How about thank you for your great work Mr Zorbas at captor here is your leaving bonus 15% of Uru metals into your holding company! Sorry can’t remember the name of zorbas company and captor shares offloaded and still in zorbas hands?
A nominee is a person or firm into whose name securities or other properties are transferred to facilitate transactions while leaving the customer as the actual owner. A nominee account is a type of account in which a stockbroker holds shares belonging to clients, making buying and selling those shares easier! Would this have been done to hide who is buying and holding the shares
You need permission from the Department of Mineral Resources to mine minerals within a certain area. This is granted by way of a mining right. A mining right may not exceed a period of 30 years. A mining right is granted if: the mineral can be mined optimally you have the funds and expertise to conduct the proposed mining operation optimally the financing plan is compatible with the intended mining operation and for the duration thereof no unacceptable pollution or damage to the environment will occur as a result of the mining operation you have made financial and other provisions for the prescribed social and labour plan you are not contravening the Mineral and Petroleum Resources Development Act, 2002 (Act 28 of 2002) (MPRDA) the operation is in line with the Mining Charter.
I was thinking that if zorbas was going to do a funding it would of been Friday just gone after close, before the bank holiday weekend. Would of coincided with the realise at the beginning of the week. Gives me a bit of confidence that hopefully he has secured funding another way, just hopes its not more of his cronies!
Do people really think zorbas will do a placing on the open market with his reputation in tatters proven by his running of MRS and URU!! I can see the only people investing in this will be his dodgy associates or a JV with an investor looking to invest in nickel. The trick up his sleeve must be forth coming drilling results after placing to boost the share up.
13 June 17 Mr. Subotic has advised the Board that he is stepping down from all his public company directorships as a compliance requirement of the fund management company he works for. He has committed to the Board to hold the 24,633,333 shares in the Company in which he is interested (including the 3,000,000 shares he recently acquired at 2p per share following the exercise of his options) on a long term basis.
A gag order (also known as a gagging order or suppression order) is an order, typically a legal order by a court or government, restricting information or comment from being made public or passed onto any unauthorized third party. (Shareholders)
URU Metals has acquired an interest in six mineral exploration licenses in central Sweden, known as the Narke Project, by acquiring Svenska Skifferoljeaktiebolaget for a maximum of £1.078 million. It bought the company from Global Hydrocarbons for an initial consideration of $300,000 and 17,000,000 million ordinary shares in URU Metals, representing 12.8% of the company.