Metalnrg Share Discussion Threads

[block4gooner] 21/6/2022 11:27

Join the hunt for answers.Very simplySend an email with you name and no of shares (and custodian account number if applicable) to the lawyer who served the original notice: [e-mail] Dear Ramona,As discussed with PierpaoloRocco and Ed Spencer who are current signatories on the MNRG requisition notice, I would also like to join the requisition and therefore provide my details as follows such that you can send me a digital copy of the requisition for electronic signature.lName:Corporate name (If applicable):Nominee account detail (if applicable): HL XXXNo of shares:

[block4gooner] 21/6/2022 10:06

After yesterday's AGM the company sent out a tweet stating "the resolutions set out in the notice of AGM were duly passed"This was inaccurate and after a couple of responses to their tweet it was removed.They then sent another one telling the whole truth.It stated that voting results including proxy voting would be published on their website "shortly".We are still waiting 23hrs after the AGM finished.Previous years after a "all propositions passed" AGM it had been up within hrs.Why not now?

[block4gooner] 08/6/2022 08:23

This was to do with his termination/resignation and legal fees.Not the JV deal for shares in BritNRG.I imagine this will be appealed.There is still an opportunity to go for "unfair dismissal" of course.

[tomboyb] 08/6/2022 07:33

If this is a sign for MNRG then it does look like MNRG now have a strong case to start with -

[tomboyb] 08/6/2022 07:31

MetalNRG PLC Legal Proceedings Update 08/06/2022 7:01am RNS Non-Regulatory TIDMMNRG MetalNRG PLC 08 June 2022 8 June 2022 MetalNRG plc Update on legal proceedings taken by Mr Pierpaolo Rocco against the Company in the Scottish Courts MetalNRG plc (the "Company") announces that Sheriff Philip Mann has issued his judgement in the case brought by Mr Rocco (a former director of the Company) in the Scottish Sheriff's Court in which he sought a "declarator" (effectively a court confirmation) and certain other court orders for payment against the Company, on the basis of a service agreement between the parties relating to Mr Rocco's now-terminated employment with the Company. Specifically, Mr Rocco sought: (1) payment of a termination payment in the sum of GBP50,000; (2) confirmation that indemnity provisions for legal expenses contained in the service agreement extended to cover Mr Rocco's legal costs in the action brought by the Company in the High Court in England and Wales against him, Brit Energy Holdings LLP and BritNRG Limited on an unrestricted and unlimited basis; and (3) payment of his legal expenses in the action brought against him by the Company in the sum of GBP100,899.24 and continuing. Sheriff Mann denied all of the applications made by Mr Rocco, confirming (as the Company had argued) that (1) the termination payment could only be due in circumstances in which Mr Rocco was a "good leaver"; and (2) the indemnity could not be construed to extend to allow Mr Rocco to take legal advice or recover his costs relating to his own breach of the service agreement or behaviour and that any alternative construction would also be incompatible with the general principle that a person should not be entitled to benefit from his own breach of contract. This ruling effectively disposes of Mr Rocco's claims in the Sheriff's Court and the Company expects to make an application for its costs in this matter against Mr Rocco at a case management hearing scheduled for 21 June 2022. Mr Rocco has now brought a separate claim in the Scottish Employment Tribunal for, inter alia, wrongful and unfair dismissal. The Company will vigorously defend this action when it is heard. The Company is currently awaiting a date for the hearing of its application for summary judgment against Brit Energy Holdings LLP and BritNRG Limited in the proceeds brought by it against those entities and Mr Rocco personally. The fact that the summary judgment application does not extend to Mr Rocco is merely a technical procedural matter; if the Company obtains summary judgment against Brit Energy Holdings LLP and BritNRG Limited this will dispose of the action against two of the three defendants to that action in short order and will allow the Company to streamline the case as regards Mr Rocco personally. The Company will provide further updates on the application for summary judgement in due course. END Contact details: MetalNRG plc Rolf Gerritsen Christopher Latilla-Campbell [phone] Corporate Broker PETERHOUSE CAPITAL LIMITED Lucy Williams/Duncan Vasey [phone] ---------------------- Corporate Broker SI CAPITAL LIMITED Nick Emerson [phone] ---------------------- This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com. Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END NRAGZGGVGRLGZZG (END) Dow Jones Newswires June 08, 2022 02:01 ET (06:01 GMT)

[excellance] 06/6/2022 11:53

Rocco holds all the aces. I think BritNRG will RTO MNRG for buttons and sack Rolf.

[block4gooner] 06/6/2022 11:41

But who's fault is that?My understanding is that Rocco is the defendant which means the company called the action.Everyone has a right to defend themselves.Really need to see the court documents for both parties really.

[excellance] 06/6/2022 10:32

Because it is Rocco's fees and legal expenses that could bankrupt MNRG as well as Rolf's wages.

[block4gooner] 06/6/2022 10:18

Misleading how Ex?

[excellance] 06/6/2022 10:06

Powerful letter, but probably also misleading. I think Rolf is an absolutely disastrous CEO and has no clue what he's doing, and he is paid way too much. I don't trust Rocco either. Between them MNRG will either go bust or be diluted to oblivion, and others will run away with gold ridge.

[block4gooner] 01/6/2022 18:53

Pierpaolo Rocco has a new website. A very interesting read! https://www.savemnrg.com/

[tomboyb] 26/5/2022 07:16

Excellence, what do you think? - Looks like MNRG may have a strong case -

[excellance] 19/5/2022 16:18

Extremely quiet. No news from BritNRG, surely we have a court date? Nothing from EQT where we clearly can't participate in any further investments. Good news from Gold Ridge but no clear plan or funds to actually do anything. The uranium project is not only still on ice but is probably too far east, and again has no funds. Speak to us Rolf...

[excellance] 18/5/2022 14:05

Nice interview. I still don't like Rolf from the swamp.

[excellance] 06/5/2022 10:11

GIS are a family wealth managing stockbroker. I wonder if the situation with BritNRG is contrived? The company has some great assets, yet exposed itself to unnecessary risk that threatens to drown the entire portfolio, and for what? Who benefits? who gains?

[excellance] 06/5/2022 10:06

The CLN instrument contains customary events of default and should an event of default occur, the conversion price will be equal to the nominal value of MetalNRG ordinary shares.

[excellance] 29/4/2022 22:26

Writing RNSs? How much per RNS this year?

[hoper1] 29/4/2022 22:14

Yes, but the boss still paid a bonus! Can anyone tell me what for?

[excellance] 29/4/2022 12:05

The LVG assets are worthless, which is why we didn't pursue the deal. We haven't been able to get involved with more EQT deals because BritNRG have all our money, and the case is stayed until late July. This company is a mess.

[excellance] 29/4/2022 11:58

Unbelievable that mnrg got suckered into holding financial liability for a transaction made by britnrg.

[gb904150] 29/4/2022 11:46

Final results out. Insiders hold a decent chunk here so well incentivised to sort this mess out. Just seems to lack focus. IMC Uranium Kyrgyzstan - tick-over. Would be massive if Govt changes tune. Big if. Goldridge - doesn't seem like they've made any progress since the May 2021 update EQTEC projects - they seem to like this idea. But why not just buy EQTEC? LVG - will probably sell the minority interest when the time is right BritNRG - will they recover their £1m+ from it. I'm keeping an eye on legal proceedings I preferred the BritNRG plan of cashflow to support the other projects but looks like that attraction has gone. I note MNRG say they have filed a follow up to Rocco's defence, but no sight of that yet. Will be interesting when they start drawing down on the £200k CLN.