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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Asa Resource | LSE:ASA | London | Ordinary Share | GB00B0GN3470 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.925 | 1.85 | 2.00 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
30/3/2020 19:37 | latest letter on the Duff and Phelps website dated 27.3.20 | gpgreen | |
06/2/2020 12:26 | Another update on duff and Phelps micro page. | trevorm2 | |
30/1/2020 17:51 | Would still be interested to see any evidence of Director loans. It seems to me that they were just shareholders (unsecured creditors) like us. But happy to be proved wrong. Cheers | plasybryn | |
30/1/2020 16:13 | I think you should stop talking mate. I don't know you from Adam. You could be Niall Henry for all I know. It's too suspicious that you to continue to fail to see how I was truly deceived. I have all the texts and chats to evidence it all. You can continue deflect how totally untrustworthy a person Niall Henry is. He is a MD of this marketing company ICO Design a company nobody should be doing business with as long as he is there. This man should be locked up. | silenzi01 | |
30/1/2020 16:04 | We're all in the same boat so let's hope we can remain aligned and sensitive to individual losses. Sorry if I over stepped the mark in my response and caused annoyance. | plasybryn | |
30/1/2020 15:47 | Without should have said within .....sorry | plasybryn | |
30/1/2020 15:46 | I admit I thought from the Administrators communications that they were hopeful of salvaging assets to make a payout to shareholders. This last communication came as a shock but clearly they have operated without the remit of their legal responsibility which they have discharged. As you know a director can only pass on information that is in the public domain. Anything they say has to taken within those constraints | plasybryn | |
30/1/2020 15:07 | You say this but you don't go about life misleading people do you?! You complain about how the Chinese are dodgy and this and that and you have audacity to question my naivety when I thought I could trust a so called director of the board and make it sound as if the whole thing was my own fault??! Who the hell are you?! All I am doing is stating facts! Niall Henry belongs in jail. I am thinking of my next move! | silenzi01 | |
30/1/2020 14:35 | Why didn't you do your own research? And take responsibility. Just relying on one director who took a position to salvage the previous debacle and then blaming him when things went wrong seems a bit unfair & naive to me. | plasybryn | |
30/1/2020 14:22 | I want to sue Niall Henry he is a disgrace. Totally misled by him. I have so many texts from that grease ball... stringing me along for a nearly a good few years. | silenzi01 | |
30/1/2020 13:43 | NH. Dearing still owns a few million shs. He didn’t get the Chinese in, he is a small shh rights expert, invaluable in our forthcoming RPI battle which will be tricky. Believe NH owned over 20m shs RPI are scumbags, directly related to Ning & co. | parkhurst484 | |
30/1/2020 13:23 | Let’s not forget that Dearing was the one who fought to get the Chinese in in the first place. And then acted as Company Secretary when they were unashamedly robbing the company. So I look forward to hearing his take on the current situation. | nomz | |
30/1/2020 12:52 | Purported shareholder captain? You telling me it's Niall Henry or Dearing? | silenzi01 | |
30/1/2020 11:16 | Plasybryn, I know for a fact that the purported shareholder-captain silently left the ship one minute before midnight (i.e. just before acceptance-window re RPI offer closed). He should have communicated his deliberations to the other shareholders before acting, particularly since he was a paid director specifically and only to look after shh interests. My assumption is that during the very promising negos with PAF, which certainly was the right partner for ASA, distant problems in PAF’s operations must already have been surfacing in 2017 and passing around in certain circles in RSA of which he got wind somehow. He then deliberated for himself instead of discussing openly with all shh, took his decision and sold. The administration certainly took a different turn after the very advanced sale to PAF still went wrong. Adverse developments both in Zim as well as DRC encumbered the asset sales as scheduled, notwithstanding the positive developments in the key-metals themselves. The ugly beast now popping up is us being thrown to the wolves in the form of RPI as the Admin guys plan to hand the Co. back over to the directors after successful completion of administration. This is bound to happen, once the admin process is over (May 2020?). RPI will then almost certainly call an EGM, throw out the board, put themselves in charge and do all sorts of things with the residual cash to our damage. Perhaps a slightly better solution may still present itself, but one should prepare for the worst i.m.o. | parkhurst484 | |
30/1/2020 07:42 | Not to my knowledge. The Administrators should be communicating with us but perhaps will wait till the creditors are settled. Realistically I'm thinking that could take till the end of April. So I reckon May now before we move forward. Will the Co. then remove the suspension & trade normally on AIM. Or is there a way the cash can still be ringfenced for shareholders? I think there will be some big players doing what ever they can to hopefully salvage something. | plasybryn | |
30/1/2020 06:22 | Do we have a time line on what happens next. | casabella2 | |
29/1/2020 18:12 | Although before my time, wasn't Niall Henry an ordinary shareholder who stepped in with other shareholders to remove the previous Board (Mwana?) when things weren't going right. As such Niall at that time and probably now was/is an investor in AIM like you & me. The prospects of ASA looked good and the Co. was worth saving. Unfortunately, as we know things didn't work out as planned and the decision was taken to place the Co. into Vol. Liquidation to try and salvage the assets etc. What is strange is that the Administrators referred to paying collected funds from the sale of assets to shareholders right up until this last communication when they told us, according to the law, they had fully discharged their duties in respect of creditors and would now be looking to hand the remaining Co. back to shareholders. I don't believe this was what the directors like Niall expected to happen. As you say, if the PAF deal had gone ahead shareholder interests would have been settled, but this failed to materialise. If you have evidence to the contrary, please show it. | plasybryn | |
29/1/2020 18:03 | I can find no reference to Director Loans. 5.1 As detailed in the Proposals, the Company’s only secured creditor was St James’s Place UK Plc, to whom the Company granted a rent deposit deed, dated 17 October 2012. The arrears owed to St James’s Place UK Plc were offset against the deposit held of £43,375. Any further amounts due to St James’s Place UK Plc will rank as a non-preferential unsecured claim. Preferential Creditors 5.2 As previously reported, it is understood that the Company had no employees. There remains a query over one possible employee which the Joint Administrators will conclude prior to any dividend being paid. Prescribed Part 5.3 As advised in the Proposals, the Prescribed Part is not applicable in this instance as there is not a floating charge holder. Unsecured Creditors 5.4 Following receipt of creditor claims during both this Administration and the Old Administration, non-preferential unsecured creditor claims received currently total approximately £81,570,000. The non-preferential unsecured creditor claims can be summarised as follows: Creditor BNC Bond Guarantee Intercompany Loans Trade & Expense Creditors HMRC Contingent Liability (Zindico) (approx. $20 million) Bindura Community Share Ownership Trust FRGM & BNC (Damages claim) Others (Hong Kong Tax Authorities plus other countries) Others (Employee Related Tribunal Claims - South Africa, France, Hong Kong) Total Claim £’000 18,646 8,073 4,369 286 15,144 5,915 20,402 8 8,727 81,570 ASA Resource Group Plc (In Administration) Progress Report to Creditors 28 June 2019 | plasybryn | |
29/1/2020 14:06 | sorry to jump in - i dabbled in shares years ago and to be honest dont realluy know what im doing. i found an old certificate (2009) with some Mwana shares which i still own. i assume the letter from Duff & Phelps was sent to a previous address. is someone able to offer me a very basic summary which my simple brain can comprehend. in short, is my investment worth anything? | 77garymesh | |
29/1/2020 03:21 | I don't think that is correct. He didn't have any loans as far as I know. He was however a massive shareholder so is in the same position as us. Happy to be proved wrong if you can show me the details from the Administrator's accounts. | plasybryn | |
29/1/2020 00:17 | Niall Henry is one of the creditors!!! Confirmed in no uncertain terms that he has got his loan to firm repaid in full plus interest! Why do you think him and other directors were keen on admin route?! It was always going to favour them whether there was a takeover or not! | silenzi01 | |
28/1/2020 22:48 | How has he got his money back? Where is the evidence for that? | plasybryn | |
28/1/2020 21:45 | Are the admin not charged with recovering stolen funds ? | loafingchard |
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