Member Info for Wimbledon

Creditors can vote for or against the restructuring program. This is the procedure. Creditors’ voting procedure for approval of Talvivaara’s draft restructuring programme commences The District Court of Espoo has on 14 April 2015 given a decision to initiate a creditors’ voting procedure on the draft restructuring programme of Talvivaara Mining Company Plc (“Company”) in accordance with section 76 of the Restructuring of Enterprises Act. By voting, creditors can support or oppose the Administrator´s draft restructuring programme. The approval of the draft restructuring programme requires express support from the necessary number of creditors for the Administrator´s draft restructuring programme. The entry into force of the draft restructuring programme requires that the requisite number of creditors have voted in support of the draft restructuring programme and that the conditions set by the draft restructuring programme concerning the Company's business operations and other conditions set by the law have been met. If the requisite amount of votes supporting the draft restructuring programme is not received, the Administrator´s draft restructuring programme cannot be confirmed, which would likely lead to a bankruptcy of the Company. The voting ends on 6 May 2015 at 4.15 pm (Finnish time), except for the voting period for the convertible bond holders and the nominee-registered bond holders that ends already on 4 May 2015 at 4.00 pm (Finnish time). The record date for the bond holders will be 24 April 2015. More information about the different voting methods and related deadlines will be made available at the latest on 17 April 2015 on the Company's website at www.talvivaara.com/investors/corporate-reorganisation. Again, restructuring a company with no business doesn’t make any sense to me. It would be clearer to everybody involved that the company was liquidated. well never mind it not making sense i just want some hope of a return

so we have a vote do we ?? i will contact my broker lunchtime . many thanks

our minds think alike im afraid

indeed this will leave a very nasty taste in the mouth if we are wiped out in a deal between them and Audley. make me wonder whether or not we should be approaching someone over here about this as the main reason I stayed invested was the fact that the Finish Govt were the main shareholder. I am sure I am not alone

too blooming right it would I wouldnt touch anything in this country again with a barge pole!

The majority owner of a group of households Talvivaara Mining Company Ltd has more than 80 000 owners. Shares of almost 60 per cent of Finnish households held . Exchange transaction volumes have been suspended subsidiary Talvivaara Sotkamo bankruptcy on November onwards. The government has signed a preliminary agreement of the British Audley , an investment company with Talvivaara Sotkamo bankruptcy acquisition of a new joint venture . Audley would account for 85 per cent and the state Terrafamen share of 15 per cent. The agreement is the conditions under which the State's share of Talvivaara's environmental management is greater than the amount of shareholding . Details of the agreement have not been published .

no news from our nordnet contact yet however just read this and think its saying that if our investment in written off it will affect any future investment in the mine but cant be sure 'hareholders requires the Talvivaara mine into the parent company of the nickel mine reopening, says union in a statement. According to the Association of the mine in early-stage problem solving funded by the tens of thousands of shareholders should not be ignored as the Finnish government published by the company organization is going. Association says in a statement the belief that the mining company's creditors are willing to, as well as a significant reduction of debt that a creditor to change them in ownership, as well as the shareholders are interested in additional investments. Association requires the state and its interests in managing, Solidium measures that eradicated the parent company's owners and creditors are involved in future arrangements. This is to ensure continued funding of the mine and to promote overall good of society, says union essay. State's plan to transfer state-owned listed company respects fundamental business a foreign private equity investor gives a questionable picture of the Finnish State and a partner in the Finnish capital markets. If the Finnish securities do not show up as an attractive investment, listed companies access to financing more difficult, pension and other funds falls and the state the opportunity to list their companies will deteriorate, says the union in a statement.'

gawd knows

thanks geek i have emailed our contact at Nordnet to see if he has any comments to make

hi txs for the update my god this thing runs and runs but as they say its not over until the fat lady sings

well as nordnet reminded me peka is an entrepreneur who has lost a lit here already and i am sure will do his up most to get something back

hi i checked this with our nordnet contact and as you probably realise its just about writing off the loss against your tax but as i said to him thats no f++++ng good if you have it in a sipp or in a ISA !

cheers duxi

hi i have 1,315,303 shs and will gladly contribute to any fees etc . is there a specific website set up for information/updates etc ? thanks

hi i have spoken to the nordnet contact today and news is not good at all from their perpsective. it seems the only glimmer of hope is that Pekka Perra is trying to get in on the deal between audley and govt by claiming their is value to certain items and or processes that are required for the running of the mine, im not sure if its actual machinery it may to do with other stuff but this it seems it the only hope of us getting anything back at all HOWEVER nothing has been singed and sealed as yet.

hi all im off work today but tomorrow i'll be calling our contact at nordnet to find out as much as I can

nope but i will do soon i feel

'Dear Shaun, I got your email from my colleague Johanna Snickars. I understand that you lack information on the situation regarding Talvivaara Plc. The short and sour of the matter is the following. As you know, the trading in the group parent company Talvivaara Plc (that is listed for trading on OMX Nasdaq), has been suspended for months. This was the result of the bankruptcy of its subsidiary, Talvivaara Sotkamo Ltd, that ran the actual mining operations within the Talvivaara Group (i.e. the actual mining operations, including mining and refining). Due to the major environmental considerations, the Estate has been under State management ever since the bankruptcy. On the 12th of March, the UK based Audley Capital Advisors LLP entered into a conditional asset purchase to acquire the assets of Talvivaara Sotkamo Ltd from its Bankruptcy Estate (you can find the press release from the Ministry of Employment and the Economy in English, here). If this deal goes through, it means that there is no business left for the parent (Talvivaara Plc) to continue. As a result, the parent company tries now to get in on the deal with Audley, the chances of which are generally considered slim to non-existent. The CEO of the parent, Pekka Perä still claims however, that the parent company owns crucial production equipment for production to continue. The value of the Audley deal hasn’t been published, but it is generally considered that the Estate of Talvivaara Sotkamo will not be able to honor all its previous commitments and pay its debts. Therefore, the chances that the parent company Talvivaara Plc (as a shareholder in the Talvivaara Sotkamo Estate) will get anything out of the Estate is also considered to be next to non-existent. In my personal view, the most honorable thing would be to accept fact and declare the parent company officially bankrupt as well, instead of prolonging the inevitable. This way investors could at least utilize the tax effect of this loss in their investment portfolio. I hope this sheds some light to this matter. Please do not hesitate to contact me directly, should you have further questions. Best regards, Martin Paasi I will be calling him later today.

'I have spoken to our Finnish savings economist Martin and he will get back to you on this topic' well getting there

'Hi Johanna, Pleasure speaking to you this morning and apologies for 'cold calling' like this. As discussed myself and many others here in the UK are heavily invested in this Company and the information we have as to the current situation and outlook is very limited and as you can imagine we are, like many of your clients, extremely concerned that we may lose a small fortune here in both our investments accounts and pension plans. Would you please forward my details onto your Finnish Savings Economist so that we may be able to share and hopefully add our names and holdings to the existing communications Nordnet are currently engaged in. In addition if we could share any contact information that your Economist has we would be able contact those parties with a view to increasing the support of investors worldwide.' Will update the board accordingly