Leyshon Resources Share Discussion Threads

[heffermj] 30/4/2015 08:50

So in the next three quarters the cash at bank will all be gone (spending at 300,000 per Q) Stated that nothing is going to happen in next "few months" so surely wind up the company and make a small return to S/Holders...???
This is your final year of salary from the company - any comment Mr Atherley???

[edward3] 29/4/2015 16:17

the money they had was loaned out interest free by the way we might get to see some of it if its ever returned...not hopeful though..

[sirraman] 29/4/2015 08:49

The end....why the hell don't they just wind this up and give whatever money that is left back to shareholders.

[seagreen] 10/4/2015 17:24

Paul Atherley is a complete and utter shower and should never be allowed to be connected with AIM again ...close it down and gez us our dosh back...might at least be able to buy a case of wine

[useless23] 01/4/2015 07:20

I am merely making an assumption that when the time comes to repay the loan, if they cannot afford to repay it then one option could be to give lrl equity in the company.

[heffermj] 31/3/2015 19:54

U/S Is that what is meant by "The recoverability of the loan is dependent on a number of factors including changes to commodity prices and the ability of ITS to bring the project into production. As at 31 December 2014 the loan is fully provided for."

What does "as at 31st Dec the loan is fully provided for" mean - are you assuming that is in the form of cheap equity?

[useless23] 31/3/2015 19:19

I expect if the loan is not repaid then LRL will get cheap equity in the company?

[heffermj] 31/3/2015 17:36

The accounts record an impairment of $620,000 so that means they don't expect to get the loan repaid. Who would lend a private company an unsecured loan of that amount when you have very little cash yourself - certainly not an astute business man. An explanation from the BoD is surely overdue?

[papillon] 11/3/2015 22:23

They are not listed, buddy. You can't sell them, neither can the Halifax. You are stuck with them until they re-list.

[cricklewood] 13/2/2015 09:09

I never sold before it was delisted, how do i get my money Halifax don't do it ?

[cricklewood] 13/2/2015 09:06

I never sold before it was delisted, how do i get my money Halifax don't do it ?

[r0bt] 02/2/2015 09:58

Welcome back Paul. We've been expecting you.

[beaujolly] 30/1/2015 07:22

Oh my gawd!
One rns quotes A$, the cashflow rns quotes $. They have blown half the cash in 3 months with another $400,000 planned to "spend" this quarter.
I've got a very nasty taste in my mouth.
At this rate another 9 months and it's all gone.

[papillon] 25/1/2015 23:00

US$620k. You couldn't buy a one bedroom flat in Hammersmith for that! Might buy you a garage in Chelsea! LOL. LRL? A piddling little company with a piddling amount of cash. Might as well de-list from AIM and return it's cash like LEN, if it has any left! LOL.

[useless23] 23/1/2015 17:24

One would assume that if the debt is not repaid then we will get equity in the company?

[bobbie121] 23/1/2015 14:55

Do you think the idiot would lend me $620,000 unsecured if I asked. Maybe if I moved to Korea it would make me more attractive

[beaujolly] 23/1/2015 14:22

If people still need a reason as to why AIM investing is largely a mugs game then Paul Atherley's performance is the benchmark.

[edward3] 23/1/2015 10:11

You cannot makes this up they enter in talks and Give ITS an unsecured loan of US$500,000 then increase it by another US$120,000....the chances of the company receiving repayment must be close to zilch...

[oilbuy] 23/1/2015 07:50

Edward3Leyshon Resources LimitedAIM Release23 January 2015Termination of Heads of Agreement for Proposed Acquisition and Corporate UpdateLeyshon Resources Limited (AIM/ASX: LRL) ("Leyshon Resources" or the "Company") refers to its announcement on 20 November 2014 regarding Heads of Agreement for a proposed transaction with International Tungsten Services Limited ("ITS"). The Company wishes to advise that it is no longer pursuing the transaction with ITS due to a number of factors including, declining tungsten prices and the expanding project timetable, which has resulted in the proposed transaction ceasing to meet the Company's financial return objectives.As previously announced, the Company provided an initial unsecured working capital facility to ITS of US$500,000. This facility was subsequently increased by US$120,000 and the aggregate loan of US$620,000 is due for repayment in accordance with its terms by 26 December 2015.

[edward3] 22/1/2015 08:19

Mailed the company for some info, thy cannot even be bothered to reply....

nothing enjoying what cash they left then release a RNS that the deal has fell through...

Crooks...