Franconia
23 Mar 2015
Re: Update OK, obviously not then. Very disappointing, but what is another day (or week?) or two?!
elitheni2015
22 Mar 2015
very frustrating that nothing seems to be happening
Bihi Sello
20 Mar 2015
Re: Update not a lot of this week left?bs
Franconia
18 Mar 2015
Re: Update I understand that we ARE still 'on' for an update this week...
1private
17 Mar 2015
SNR together with its other Elitheni shareholders are committed to the upliftment and meaningful contributions to all regional and local stakeholders. To this end it will continue to fulfil its commitments in terms of its Social and Labour plan, details of which are contained in the last Annual Report of SNR. What this endorsement of the mine means to the Company, amongst other things, is the ability to raise funds and the interest of potential parties will be heightened. Shareholders must understand that there is a new SNR board and Elitheni management in place and further board members and management will be added in due course, all of which will be communicated to shareholders and interested parties. Moving forward, the parties involved are and will be from the mining industry and with the relevant experience and commercial drive to work towards a successful return on investment for shareholders. The Company would also ask that investors recognise that this is a new team in place and whilst there have been many unsettling changes for investors at SNR, the Company feels it is now, finally, on the right track. In due course and once all the necessary evaluations are complete, a re-listing of SNR Plc on a recognized stock exchange will take place and a new Competent Persons Report (CPR) will be delivered on Elitheni and this will show investors the value of the mine today, allowing for mining methods to be employed, coal reserves and resources in place, mining, production and sales costs and the various currency relationships. This will be coupled with the raising of the necessary financial resources to complete the full development of the mine. Investors should be reminded that as of the last CPR commissioned, the mine had a value of between £107-£122 million.
1private
17 Mar 2015
just read some news on the ADVFN new board appointed and put value on the mine at 107 to 122m, great news if true but at this point i will not hold my breath although it does talk about re listing.
my stocks go down
16 Mar 2015
Re: Update Very true, fingers crossed.
Franconia
16 Mar 2015
Re: Update Yes, the website is online but unchanged. I have just re-read my mail and it suggests that the update would accompany the website going online today. Maybe the release will be tomorrow?The 'sign off' on the mail had an interesting quote from George Patton:" We herd sheep, we drive cattle, we lead people. Lead me, follow me or get out of my way" !We could do with some kick as$ leadership!
my stocks go down
16 Mar 2015
Re: Update The website is back up and running but no sign of an update. However, I took the opportunity to re-read the August RNS and must say that this is much more refreshing to read 6 months on - it's very bullish in terms of language (although some of the grammar is pretty poor!). I'm intrigued to see what may happen next as, if truth be told, I had previously written off ever realising a return on my investment but feel that I may have been a bit hasty in coming to such a conclusion... Onwards and upwards hopefully.
IanM
16 Mar 2015
From a South Africa creditor Mine in Queenstown is moth-balled and judgments left, right and centre against Elitheni. Sheriff seized all the assets for judgment creditors and have been auctioned. Plenty empty promises, nothing delivered. Would not believe a single word uttered and no way creditors will allow this entity to trade without being paid.
Franconia
15 Mar 2015
Re: Update Well, let's see if you're amazed tomorrow...
wimbledon
12 Mar 2015
update really OMG yes me too
my stocks go down
11 Mar 2015
Re: Update Really! I'm amazed.
Franconia
11 Mar 2015
Re: Update FYI,I have had a response to my emails (of last year!) and am told that the website will be renewed early next week along with an official update. tbh just glad that there is still life
elitheni2015
28 Feb 2015
Anyone know whats happening, I still get enquiries for coal
