Celsius Resources Share Discussion Threads

[jpuff] 20/1/2009 06:47

Hi Chaps, thanks for all the good work. I occasionally pop over and have a look to see what is going on (if anything!). I have £4k invested (sic) in CLA, so you have my backing too. Outrageous is the word I would use for the treatment we have received the past year.

[crab4t] 14/1/2009 18:28

Report now available on Cordillera website.posted 7th jan !! Regards Crabby.

[crab4t] 08/1/2009 14:56

Dogs I have 2 numbers on which I have spoken to Colin Orr-ewing 02073524117 (office) and 07733102648 (mob) It"s quite possible he will give you Greg K"s mobile number which I seem to have misplaced. Regards Crabby.

[macansy77] 08/1/2009 12:21

the MNSS summary is just a 4 page pdf format with graphs so if anyone's interested contact me at [e-mail] and i'll forward it on - just stick CLA in the email header.


Will be busy for the afternoon/early evening but will send it across tonight...

[the dogsbody] 08/1/2009 12:15

Well done macansy,thanks again. Look forward to your summary.

[macansy77] 08/1/2009 11:07

right - compliance dept have been in contact with CLA/Kuenzel - year end report should be released by the end of Feb latest. I'm going to remind them though at the end of Jan - just incase they think we've forgotten! AGM will be notified of, i for one will definitely be going. AS far as FSA action is concerned there's nothing that they can look into at the moment. The good thing is that the company are now aware that shareholders are getting impatient. Once Kuenzel was made aware that my brokers compliance dept were trying to get hold of him (as opposed to just lowly shareholders) he strangely enough started returning calls. I've been emailed a Dec 2008 dated update on MNSS so once i've digested it i'll post a summary or the whole thing if I can...

[the dogsbody] 08/1/2009 09:19

Good idea crabby. It's going on a year since we heard anything. Have you got any better contact details than those I found below?

Presume this is the same Greg Kuenzel?

From the Atlantic Coal website.

Gregory Kuenzel, Finance Director and Company Secretary (aged 37)

Greg Kuenzel is a chartered accountant with over 12 years experience in accounting and finance. After obtaining a Bachelor of Business Degree from Edith Cowan University he joined the audit and corporate services division of Howarth Perth Chartered Accountants where he specialised in the resource and venture capital sectors. During this time he was seconded to the New York office of Berdon LLP, as Audit Manager for one of the city's largest property development groups. From 2003 to 2004 Greg Kuenzel was involved in establishing the London Office of Global Education Management Systems, a company managing a network of international schools throughout the UK, USA and United Arab Emirates. From 2005 to 2006 he was responsible for the UK based international financial accounting team of Thomson Scientific Limited, an information solutions provider, with global group revenues exceeding US$1 billion. His role included implementing new financial processes, specifically focusing on the expansion of the Thomson Group, assisting with Sarbanes Oxley related projects and analysing accounting differences between US and UK GAAP

Email: Gregory Kuenzel - [e-mail]
Tel: Greg Kuenzel Atlantic Coal PLC- Tel: [phone]

[crab4t] 07/1/2009 12:36

I think perhaps if everyone phoned Greg Kuenzel and/or Colin Orr-ewing demanding to be given information about THEIR INVESTMENT some frustration could be at least vented !!! Lets give it a go fellas.Emails might also remind them We are not prepared to let them rob us without a fight. I have £8ooo invested in good faith in Cordillera and they owe me an explanation !! Regards Crabby.

[kdixon148] 07/1/2009 09:42

Thanks macansy77.

I'm sure we all appreciate your efforts.

[thaimalc] 06/1/2009 16:27

Give them hell

[the dogsbody] 06/1/2009 16:20

Thanks macansy77.

[macansy77] 06/1/2009 16:17

they're not going to get away with this.

[macansy77] 06/1/2009 16:17

it's gone past the point of trying to get any info out of the company - just spoke to my broker again who advised should have an answer from the compliance dept later today/tomorrow morning on furthering this with the FSA. Looks like i'm going to have to fill out some forms but will advise...

[julian41] 06/1/2009 13:36

I e-mailed them ages ago, but have had no response. They have absolutely no interest in keeping shareholdres up to date. This investment is a write off.

[macansy77] 06/1/2009 11:16

am speaking to my broker in conjunction with their compliance dept to determine what (if anything) can be done to legally progress this situation. My broker did manage to speak to Kuenzel who was singularly unhelpful. If they think they're going to get away with slinking off with what's left of the money, they can think again...


Just in case you're reading this Mr Kuenzel.

[crab4t] 31/12/2008 20:21

Has anyone any ideas on what can be done to bring the Cordillera management to a point where they MUST by law or by the rules of the FSA be forced to explain what has happened to Investors money that paid for shares in the aforesaid company. Surely taking moneyfrom investors and then not even keeping them informed of any progress or developments cannot be legal or acceptable !!

[macansy77] 03/11/2008 16:45

i think time should be called on this "outfit" and any monies remaining passed back to shareholders. This is assuming of course that the directors haven't already made off with it thinking nobody would notice??

[rkjones] 03/11/2008 16:25

Last I heard, they had sold their interest in the steel works at a small loss and were looking to reinvest. Deathly silence since!!

[julian41] 03/11/2008 16:22

I also e-mailed about 3 weeks ago. Nothing back, but then I didn't expect anything.

[theophilus] 03/11/2008 15:53

RNS Number : 3239F
Capital Lease Aviation PLC
08 October 2008


Capital Lease Aviation Plc
("CLA" or "the Company")


Secures a senior secured, revolving warehouse facility for US $100m

The Board of CLA, the AIM quoted aircraft leasing company, announces that it has been successful in obtaining a further finance facility for US $100 million, with provision for a further US $50m subject to a syndicated book build.
The salient terms of the finance facility are as follows:

* The facility is from a major European Bank and is a facility to provide a full recourse, senior secured, revolving warehouse facility (the "Facility") to partially fund the purchase price of assorted aircraft. The
Facility is underwritten by the bank in the amount of US $100m, with provision for an additional US $50m which is subject to a syndicated book build;
* The Facility is a revolving facility which allows drawings and re-drawings over a 2 year period with a 3 year term out;
* The Facility has a 60-month expiry term with a senior margin of 2.25% above the banks cost of funds, which is at or about LIBOR.
Drawings may be made up to 80% of the value of individual aircraft, with the balance being funded by the Company;
* The use of proceeds is to purchase new generation Airbus A330-200 / 300, Airbus A320 family and Boeing 737 NG leased aircraft;
* The security is in the form of a registered mortgage over each aircraft purchased using the facility.


Jeff Chatfield Chairman said "We believe that aircraft valuations are in the process of dropping to a point to be highly advantageous to buyers. We anticipate returns to serious long term investors based on purchases made in the near term to be highly attractive. The current market conditions may represent the best opportunity since 2001 to purchase high quality, newer aircraft that are operated under lease by top tier airlines."

---Ends---

Enquiries:

CAPITAL LEASE AVIATION PLC
Jeff Chatfield, Chairman
07783 942 553

[theophilus] 03/11/2008 15:50

Capital Lease Aviation Plc

("CLA" or "the Company")

Final Results for the Year Ended 30 June 2008

The Board of CLA, the AIM quoted aircraft leasing company, is pleased to announce its final audited results for the year ended 30 June 2008.

Highlights:

* Revenues from aircraft rental activity £1,751,816 achieved mainly in Q4. The
annualised base rental revenues for the aircraft on hand as at 30 June 2008 increased to £7.45m.
* Group net post tax profits of £814,439
* Total assets of £56,501,961
* Acquisition of six aircraft valued at £55.9m since commencing an acquisition process in September 2007
* EPS (fully diluted) 0.81 pence
* Shares admitted to trading on AIM
* The results were achieved in a difficult period of the aviation industry cycle and economic climate, particularly with the tightening of credit.

Commenting on this set of results, Jeff Chatfield, CLA Chairman, said:

"I am pleased to report the year ending 30 June 2008. The performance of the period was satisfactory with the group increasing its asset base to £56.5m and generating net profits after tax of £814,439 on revenues of £1,751,816.
Our first year results indicate that the Company has commenced profitable operations. Profit levels are as expected given our limited history, especially as they were achieved with only a limited number of aircraft in the portfolio with the bulk of the revenues generated during the last quarter. The Company is well placed to continue to grow and acquire aircraft."


--ENDS--
Enquiries:

Capital Lease Aviation Plc 07783 942 553
Jeff Chatfield, Executive Chairman

[the dogsbody] 31/10/2008 15:42

Can't find a thing since the Letter to Shareholder dated 13th Feb 2008
and Results of AGM 7th March 2008.

Might be worth trying to contact the Company Sec at one of his other
many posts such as Atlantic Coal -