Ripley94
01 Aug 2017
Re: Company update That's some nick name suga .lol
clockwurktangerine
09 May 2017
Any info Sugar??? Please!
Innsightful
05 Apr 2017
Re: suspension Bob Hope is one but we'll end up with the other one.
clockwurktangerine
04 Apr 2017
Re: suspension Or indeed us investors....!
clockwurktangerine
04 Apr 2017
Re: Company update Putting all aside, 6m is a lot to raise!
TX2
04 Apr 2017
Re: suspension Do you think HM Customs & Excise will get its costs back for the phones VAT "case".......?
SugaToyBoyDaddy
04 Apr 2017
Company update Company updateFurther to its announcements on 3 October 2016 and 3 April 2017, the Company provides the following update.Trading in the Company's ordinary shares on AIM was suspended on 3 April 2017 following the resignation of two non-executive directors. Whilst the Company is in discussions to appoint a new director and is hopeful that this will occur before the end of April 2017, such appointment will not result in the suspension of trading in the Company's shares on AIM being lifted.In its announcement of 3 October 2016, the Company stated that it had become on that day an AIM Rule 15 cash shell (as defined in the AIM Rules for Companies (the "AIM Rules"
). As a result, pursuant to the AIM Rules, the Company was required to make an acquisition, or acquisitions, which constituted a reverse takeover under the AIM Rules (a "Reverse Takeover", or having otherwise sought re-admission as an investing company with the attendant requirement of raising at least £6 million, failing which trading in the Company's shares on AIM would be suspended. The Company did not meet these requirements and therefore trading in the Company's shares was scheduled to be suspended on 4 April 2017.Pursuant to AIM Rule 15, within six months of becoming an AIM cash shell, the Company must make an acquisition or acquisitions which constitute a reverse takeover under AIM Rule 14. If trading in the Company's shares remains suspended for a period of six months then trading in the Company's shares on AIM will be cancelled, pursuant to AIM Rule 41.The Company will update shareholders in due course.
Innsightful
03 Apr 2017
Re: suspension When they changed the reporting date last week to squeeze out 3 more months, it was looking pretty doomed. With this current situation, I think we may finally say goodbye to Tricor. Mobile phones, then carbon credits and then sand..... perhaps the sands of time have run out.....
SugaToyBoyDaddy
03 Apr 2017
Re: suspension I would have posted the full rns but the systen would not allow me too,how stupid is that!
SugaToyBoyDaddy
03 Apr 2017
suspension Suspension and Resignation of DirectorsTricor announces that everyone has resigned from the Board of Tricor with immediate effect. Now theres only asole remaining director and that is the Company's Chief Executive Officer, Now theres not enough people to steer the ship.Any volunteers
clockwurktangerine
24 Mar 2017
Roomers From BB trawlers say Tric may delist?If they do they have been driven to it...
Innsightful
28 Feb 2017
Re: March 3rd deadline??? It was 3 October they disposed of assets so have until 3 April to get this back on track....Lets see.
clockwurktangerine
27 Feb 2017
March 3rd deadline??? Is it about March 3rd a new min 6m investment needs to be announced???
SugaToyBoyDaddy
12 Dec 2016
Half yearly report continued The Group's Current Operations Following the completion of the disposal of TM's iron sand processing plant and related equipment to KGGD, TEPL continues to work with its operating partner, Chahaya, to attempt to secure reclamation sand contracts. In addition, TEPL continues to work with TM to try to secure the MPP. Once the MPP application is approved, TEPL and KGGD will work on the iron sand operation on a 50/50 profit sharing basis. TRT will remain dormant until the iron sand operation commences. Post-disposal of the iron sand processing plant and related equipment on 3 October 2016, pursuant to Rule 15 of the AIM Rules for Companies (the "AIM Rules", the Company has been classified as an AIM Rule 15 cash shell. The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (deemed to be the date of completion of the disposal) or be re-admitted to trading on AIM as an investing company under the AIM Rules (which requires the raising of at least £6 million), failing which, the Ordinary Shares would then be suspended from trading on AIM. After six months of suspension, the Ordinary Shares would then be cancelled from trading on AIM. The Company is currently in ongoing discussions with a number of potential reverse takeover targets. The Board believes that there is a reasonable chance that the Company will undertake a reverse takeover before it is suspended. Consequently, at this time, the Board does not have plans to re-admit the Company to trading on AIM as an investing company. Summary of the Consolidated Results The Group did not generate any revenue in the 6 months ended 30 September 2016 (2015: £0) as its operational subsidiaries are still in the midst of attempts to secure new reclamation sand contracts and the necessary permits to operate an iron sand processing plant in Bangan Sub-Concession. During the period, the Group incurred a total of £248,000 administrative expenses (2015: £378,000). The Company's cash balance at the end of the period was £9,000, an increase of £8,000 from the position at 31 March 2016. This was mainly due to the drawdown of working capital facility provided by Reed Works Limited. Update on VAT Claims As announced on 18 August 2016, the Company was informed that the Upper Tribunal (Tax and Chancery Chamber) had rejected the Company's appeal to reclaim £1,847,976.70 of input VAT plus any interest and costs. On 15 September 2016, the Company announced that it will accept an application for costs from Her Majesty's Revenue and Customs ("HMRC" of the First Tier Tribunal proceedings. The amount is still undetermined and the Company is under no obligation to accept the amount once received. On 20 September 2016, the Company announced that it will not appeal the decision of the Upper Tribunal and it will accept the liability for the costs incurred by HMRC in relation to the appeal proceedings at Upper Tribunal. The lawyers representing the Company are currently negotiating the costs applied with the legal representatives of HMRC, the quantum of such costs will be subject to agreement between the parties, any default of which will be assessed by the court. In relation to the prospective liability for the costs incurred by HMRC for the legal costs, the Company has made a provision of £100,000 in the Company's accounts. The Company will make any further announcements as appropriate. Tan Bien KiatInterim Chairman
SugaToyBoyDaddy
12 Dec 2016
Half-year Report Mon, 12th Dec 2016 10:11RNS Number : 5661RTricor PLC12 December 2016 TRICOR PLC (the "Company" Unaudited Interim Results for the six months ended 30 September 2016 CHAIRMAN'S STATEMENT Introduction Tricor Plc ("Tricor", the "Company" or the "Group" is an AIM-listed company which has made investments in Tricor Environmental Pte Ltd ("TEPL", Tricor Minerals Pte Ltd ("TM", and Tricor Resources Trading Pte Ltd ("TRT". Over the 6 months ended 30 September 2016, the Group operating loss was £275,000, compared with a loss of £365,000 for the comparable period in FY2015. Tricor Environmental Pte Ltd ("TEPL" Over the 6 months ended 30 September 2016, TEPL incurred a net loss of £33,618. The loss was mainly due to the expenses incurred to maintain the equipment and site whilst the management seeks to secure the sand contracts. TEPL is still attempting to secure new sand contracts. So far, none have been concluded. As announced on 3 October 2016, TEPL entered into a new operating arrangement with KGGD Pte Ltd ("KGGD", whereby upon securing the Mineral Processing Permit ("MPP", TEPL agreed to grant KGGD a one-year, royalty free, sole and exclusive right and license to own and operate an iron sand processing plant on the Bangan Sub-Concession to extract iron sand therefrom and to process, export and sell any product from the date that TEPL obtains an MPP. TEPL and KGGD agreed to operate on a 50/50 profit sharing basis during the one-year period, the extension of which will be dependent on the performance of KGGD during the year. KGGD will operate the Bangan Sub-Concession strictly in accordance with the conditions imposed by the MPP, and, subject to the conditions of the MPP, KGGD will have the right to increase its production as it chooses. Tricor Minerals Pte Ltd ("TM" The net profit of TM for the 6 months ended 30 September 2016 was £3,412. The profit was mainly due to gains relating to foreign exchange. TM, with the help of TEPL, continued to work on its applications for the necessary permits to operate the iron sand processing plant on the Bangan Sub-Concession, however, it is not certain that the necessary permits will be granted by the authorities. As announced on 3 October 2016, at the General Meeting of the Company held on 30 September 2016, the Tricor shareholders agreed to transfer the ownership of TMPL's iron sand processing plant and related equipment to KGGD in exchange for KGGD and Dunamis Mining Pte Ltd's agreement to write off the entire amount owed by TMPL to both KGGD and Dunamis Mining Pte Ltd in relation to the amount Tricor owed to them in the form of loans and payables as of 3 October 2016, totalling approximately USD$1.3 million. Tricor Resources Trading Pte Ltd ("TRT" TRT was set up to be a resources trading company and will only commence business after TM starts producing iron sand. TRT made a loss of £303 for the 6 months ended 30 September 2016. The Group's Current Operations Following the completion of the disposal of TM's iron sand processing plant and related equipment to KGGD, TEPL continues to work with its operating partner, Chahaya, to attempt to secure reclamation sand contracts. In addition, TEPL continues to work with TM to try to secure the MPP. Once the MPP application is approved, TEPL and KGGD will work on the iron sand operation on a 50/50 profit sharing basis. TRT will remain dormant until the iron sand operation commences. Post-disposal of the iron sand processing plant and related equipment on 3 October 2016, pursuant to Rule 15 of the AIM Rules for Companies (the "AIM Rules", the Company has been classified as an AIM Rule 15 cash shell. The Company will be required to make an acquisition or acquisitions which constitute a reverse takeover transaction under the AIM Rules within six months of becoming an AIM Rule 15 cash shell (deemed to be the date of completion of the disposal)
