Lionsgold Share Discussion Threads

[sea7] 12/5/2018 11:05

They are no longer compliant with Rule 14 of the aim market.

They took over trac completely, without a having a general meeting of lionsgold shareholders, which appears to be a breach of rule 14.

They have a fundamental change of business, as they only have an indirect interest in the indian mine and a 30% interest in the finland operations, so the goldbloc aspect to the business has been considered as the primary operations now - they were a mining operation under kolar gold, so this is a shift of focus. As all their efforts have been in the crypto areas and not mining, they are deemed to be operating differently now.

They are supposed to cancel the shares in a reverse takeover, as rule 14 applies to reverse takeovers and they are supposed to issue an admission document and re-apply to list the stock as if it were the first time it had been listed, in the same way that first time applicants must do.

They appear to have complied with schedule four of the aim rules and in other areas.

This may take longer and be more expensive than some holders think.

It is possible that there is more going on behind the scenes, in so much that lions gold listing will be changed to goldbloc plc and the mining assets disposed of, or they split the company.

Either way cameron is not being totally upfront yet, perhaps he is not in a position to disclose, however, it appears that there may be at least one error in their processing of this.

[pazzuzu] 12/5/2018 10:37

Typo, sea7?

[pazzuzu] 12/5/2018 10:37

So what do you make of all this Eh?

[sea7] 12/5/2018 10:32

there was an issue of shares in a warrant exercise some days before - they were obviously flipping them. Gotta give them time to complete eh!!

[pazzuzu] 12/5/2018 10:30

You simmer down and stop being rude. The lion is gonna do spectacular things, I imagine when this come back online it will be a whole new company, stronger, faster, leaner. And any short will feel the squeeze. On a serious note though, I wonder whether that is what the 10% rise the day or so before this was all about. Insiders knowing what's coming and either taking a position or closing out short. But whatever it was lion is. A leaky ship so if this was gonna be bad the share price would have dropped days before.

[moneytree1] 12/5/2018 10:24

RIP for 2 years.

AIM strikes again.

[pazzuzu] 12/5/2018 10:23

Oh dear Mr rodson. I hope for your sake that's not true. It could come back online high then what you gonna do..

[telbap] 12/5/2018 09:56

it is what it is......Aim casino strikes again. we all punt and bet, but the outcome is sometimes not what we want.

so bottom drawer this one and wait until they have rebuilt the company, and then lets see.

as i posted before.......50/50......could be great, could be a disaster.

[pazzuzu] 12/5/2018 09:26

You have a bit of class about you rodson. That blueshoes character has his money locked up tight. You be magnanimous.

[grity] 12/5/2018 09:12

Hmmm check it out

[grity] 12/5/2018 09:11

Check it out

[grity] 12/5/2018 09:11

Check this out

[ernestsyngen] 12/5/2018 09:08

Summer of pain and no gain- sod the Lion 🦁

[wrtmf] 12/5/2018 06:49

will it be anymore complex than this?

-company and nomad compile new prospectus
-new prospectus distributed to shareholders for their consideration*
-egm arranged*
-a vote
-if passed, go back to aim authority seeking rule 14 compliance
-they agree
-lift suspension of trading

all for less than £30k

[* these 2 stages being the most protracted, hence 12-16 weeks]

[grity] 11/5/2018 23:03

Relax take it easy !
Reverse takeover !!! will be announced just before it’s trading again . Yes you heard it here first.