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Share Name | Share Symbol | Market | Stock Type |
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Leyshon Res | LRL | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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0.425 | 0.425 |
Top Posts |
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Posted at 09/5/2016 17:23 by candybelle captain - the shares were transferred automatically by Selftrade (now Equiniti) on June 3rd 2015 and marked as 'Transfer Out' in my husband's portfolio. He then received communications from Computershare in Australia and we set up an online account with them so that we could keep an eye on LRL although, as I said before, we had more or less given up on it. Recently we had a communication with regard to the AGM and enclosing a form of proxy. That's all I can tell you but I hope that this helps. |
Posted at 01/2/2016 09:27 by heffermj Thx rvsyI did get an email response this morning with the quarterly report attached. As you say very little chance of repayment and overall not a good read. I'll c&p it here any way in case anyone may be interested... 29 January 2016 Quarterly Report December 2015 Leyshon Resources Limited (AIM/ASX: LRL) ("Leyshon" or the "Company") activities during the quarter focused on simplifying the Company’s corporate structure which would ultimately enable the Company to pursue an investment transaction, and seek re-listing on the Australian Securities Exchange (“ASX”). Restructuring Initiative As part of the Company’s restructuring and continuing focus on expenditure reduction, Leyshon has been engaging with the key stakeholders in the Mt Leyshon mine site as it reviews the long term holding of this legacy asset. At Mt Leyshon, the Company holds five Mining Licenses and an Environmental Authority covering the historical mining operations which are now subject to long term rehabilitation. The Company incurs significant costs associated with holding Mt Leyshon which cannot be relinquished until rehabilitation is completed. A restructure will depend on a suitable arrangement being negotiated with the stakeholders of the project to reduce the liabilities incurred by the Company. If this can be successfully achieved, Leyshon would be a viable entity that can go through a recapitalization and listing process. This process has taken some time given the scale of the project and number of stakeholders involved, but the Company is hopeful of achieving a resolution in the near term. ASX Suspension Update The shares of Leyshon have been suspended from trading on the ASX since 14 July 2014. ASX policy, in accordance with Chapter 12 of the Listing Rules, is to allow companies that have disposed of their main undertakings a six-month period within which to satisfy ASX that the company has a sufficient level of operations to justify continued quotation of the Company’s securities on the ASX. The Company was not able to satisfy the ASX that it was in compliance with Chapter 12 and was suspended from trading on 14 July 2014. The Company envisages that its shares will remain suspended on the ASX until such time as the Company completes a transaction and seeks re-compliance for listing on the ASX. International Tungsten Services Loan In 2014, the Company provided an unsecured loan of US$620,000 to International Tungsten Services Limited (“ITS”). The loan facility was provided to ITS for working capital under a Heads of Agreement for the Company to acquire ITS’ advanced tungsten project in Korea, however the Company terminated the Heads of Agreement in January 2015. Under the terms of the loan facility, the aggregate loan balance of US$620,000 became due and payable on 26 December 2015. ITS has advised the Company that they are continuing to experience financial difficulties and do not expect to be able to make repayment in the near term. Page 2 of 2 The loan was fully provided for in the Company’s financial accounts for the year ending 31 December 2014. The Company remains in touch with the directors of ITS and will seek repayment should their financial position improve. New Project Opportunities The Company continues to review investment opportunities whilst its works through its corporate restructuring initiatives, although none are at an advanced stage. For further information please contact: Leyshon Resources Limited Corey Nolan – Non-Executive Director Tel: +61 7 3221 7770 admin@leyshonresourc Tenement Interests Leyshon Resources Limited held the following interests in exploration tenements at the end of the quarter. There were no tenements acquired or disposed of during the quarter and no changes in the beneficial interests held by the Company. PROJECT BENEFICIAL INTEREST TENEMENT NAME MOUNT LEYSHON 100% ML 1546 Golden Star 100% ML 10144 Mt Leyshon 100% ML 10148 Puddler Creek 100% ML 10172 Eastern Star 100% ML 10173 Southern Star |
Posted at 31/5/2015 18:29 by useless23 I guess I'll have to ask my broker for a share certificate and then try to find an ozzie broker to lodge it with. Great. Simple. Thanks lrl. |
Posted at 06/5/2015 20:07 by useless23 len and lrl have well and truly been milked. So much for 'shareholder' value. |
Posted at 05/5/2015 12:49 by goldenfish2010 He already made millions out of LEN/LRL! |
Posted at 01/4/2015 07:20 by useless23 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. |
Posted at 31/3/2015 19:19 by useless23 I expect if the loan is not repaid then LRL will get cheap equity in the company? |
Posted at 25/1/2015 23:00 by papillon 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. |
Posted at 23/1/2015 07:50 by oilbuy 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. |
Posted at 16/1/2014 16:49 by boadicea socktrade1 - You will get the same number of shares in LEN as you held in LRL at the close of business on 14th Jan regardless of whether you sell LRL on or after the ex-date (15th Jan, yesterday).The book cost of LEN will become [designated price of LEN] divided by [designated price of LEN + designated price of LRL] times [original book cost of LRL] The designated prices are usually the opening prices on the initial day of trading after the split. The point which worries me is that the initial trading dates of the two shares LEN and LRL after the split are not con-current and I am therefore wondering if the designated price of LRL might be the opening price on 23rd Jan rather than 15th Jan. One needs advice on that point. Similarly the book cost of your LRL shares becomes [designated price of LRL] divided by [designated price of LEN + designated price of LRL] times [original book cost of LRL] If you add the book costs attributed to the two parts of the split you will find it equals the original book cost - as indeed it must. |
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