BADDOGREX3
30 Sep 2016
Re: Same old story What a useless bunch of self serving looser's . Why didnt the institutional holders oust the board and get some competent people in to steer us out of this mess.I know some Guys at Monkey world who would do a much better job for a bunch of Bananas
pasak
04 Feb 2016
Re: Same old story Yes, same old story. Now the sp is creeping up again but are we, the owners of the company, any the wiser as to why? What a mob this board is!
BADDOGREX3
28 Jun 2015
Same old story I don't believe it! Directors helping them selves to heaps of stock and doing apparently little in return, except drawing fat salaries and pensions, of course thats hard work in its self and should be well rewarded .The plant is still not in production?
BADDOGREX3
27 Mar 2015
Re: Where am I ?? Thank you for your response tallyfox.Encouraging news.RegardsRex
tallyfox
26 Mar 2015
Re: Where am I ?? You need to visit the website to get an up to date news of the `how the plant is going.I had a reply from the MD about the shares -"Once the merger is completed and provided there are no adjustments as provided for under the acquisition agreement, for each CGM share you will receive 2.67 shares in Ambrian.I trust this is helpful."Kind regardsJPCThus it looks like our CGM shares are worth over 25p but I will wait and see what happens tomorrow when the shares are supposed to be re-listed.It has been a LONG wait.
BADDOGREX3
26 Mar 2015
Where am I ?? I was a China Goldfields share holder and after "Robbers" stole all their Gold they morphed into Consolidated General Minerals.At that time our shares were valued at around 20p each.Now can anyone decipher the 600 odd pages of blather that they sent us and work out what the shares are now?? They seem to be worth half what they were or are there now twice as many?I recall investors being told how profitable this cement plant was going to be and being invited to subscribe for more shares at 17p I believe that the directors took up there entitlement.I also recall them saying that the plant should be in production by spring 2014? What is going on does any one know I gather this reverse take over was done to give the company a stock listing.One would expect some press comment some where IC or Shares Mag?
pasak
17 Feb 2015
Ambrian Metals merger Not that the lardasses of the board care a monkey's phart bout us, but anyway..."Ambrian has reached a conditional agreement to merge its Swiss subsidiary, Ambrian Metals, with Consolidated General Minerals (Schweiz), the Swiss subsidiary of Consolidated General Minerals, and acquire the merged entity.The consideration for the acquisition will be £1 in cash and the issue of up to 165,020,739 initial convertible securities (representing 85% the total consideration) and 29,121,307 deferred convertible securities (representing the remaining 15%.The acquisition and the merger constitute a 'reverse takeover' under the AIM Rules.CGM Schweiz, through its 83.75%-owned subsidiary CdB, is currently engaged in the development of a clinker grinding and cement packing operation in Beira, Mozambique, with an installed capacity of approximately 800,000 tons per annum.The Beira plant is expected to start production in April.CGM chairman Robert Adair and chief executive Jean-Pierre Conrad have been appointed to the board of Ambrian conditional on completion, as chairman and CEO respectively.Ambrian chairman Kevin Lyon said: "The merger with CGM Schweiz represents an exciting opportunity for all shareholders and is a culmination of Ambrian's strategy which has been developed over last 12 months with our key investors. It fulfils our objectives of broadening our activities, building our equity base and adding to our management team. The enlarged group is well placed to move forward from a significantly stronger base."Chairman of CGM, Robert Adair, said: "We at CGM look forward to working within a larger company to enhance value for all shareholders of the Enlarged Group. I am also pleased that we have, by way of this merger, achieved our objective of bringing CGM back to the listed market."
