Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
---
Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
---
Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
---
Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
---
These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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@manny100
They have (ambiguously) made undertakings to return the majority of cash back to shareholders in announcements, but;
My apologies for the repetitive nature of this post, it is to highlight from when the Company started making statements and how many times the Company have made the statement of returning the majority of cash back to shareholders, distributing the Leo Lithium shares and the remaining cash back.
You will note that it is mentioned not only in regulative reports but also Managing Director, Chairman and Shareholder updates.
Also note the subtle changes to wording as it has evolved!
I also apologise for the length of this post as well, its serves another purpose of putting the information in one place (rather than scattered over spreadsheets) that will or may be used at a later date.
Managing Directors Letter to Shareholders - 14th December 2022 ++ And it all started here .. .. .. .. ..
The Board has decided to commence a strategic review process that will invite suitable bidders to submit proposals to the Company that deliver compelling value and liquidity to FFX shareholders ("Process"). The Company has engaged Treadstone Resource Partners to assist with the process.
"If the Process does not result in a transaction that delivers attractive value and liquidity to FFX shareholders, the Company intends to return a majority of its cash to shareholders as soon as possible post termination of the process. Following the return of the majority of current cash to shareholders FFX will then distribute all LLL shares currently held to FFX shareholders when they are released from the escrow in June as per ASX requirements."
https://announcements.asx.com.au/asxpdf/20221214/pdf/45jsy9f1vw54bs.pdf
Cash / cash equivalentsA$54.5m - 30th September 2022 Quarterly Report
++ Corporate: Cash and cash equivalents available of A$54.5 million at 30 September 2022 (including A$8.2 million gold in transit)
++ Cash component A$46.3 million
https://announcements.asx.com.au/asxpdf/20221027/pdf/45gw25d7686lr2.pdf
Quarterly Activity Report for Period Ending 31 December 2022
"If the Process does not result in a transaction that delivers attractive value and liquidity to FFX shareholders, the Company intends to return a majority of its cash to shareholders as soon as possible post termination of the process. Following the return of the majority of current cash to shareholders FFX will then distribute all LLL shares currently held to FFX shareholders when they are released from the escrow in June as per ASX requirements."
Cash / cash equivalents at end of quarter A$37.9 million, Interest received A$143,000, ** no corporate costs were reported ? ? ?
https://announcements.asx.com.au/asxpdf/20230130/pdf/45l2p3cspwz44x.pdf
Shareholder Update - 23rd March 2023
"(sic) ... If it becomes apparent that there is no reasonable prospects of a successful transaction within a suitable timeframe, then the Company will terminate the Process and look to return a majority of the current cash to FFX shareholders as soon as possible thereafter." Following the return of the majority of current cash to shareholders FFX will then distribute all Leo Lithium Limited ("Leo") shares currently held when they are released from the escrow in June 2024 as per ASX requirements."
https://announcements.asx.com.au/asxpdf/20230321/pdf/45mwqhb8pkxg9h.pdf
++ Cash / cash equivalents at 20th March 2023 A$36.8 million & A$96 million (value of LLL Shares)
Quarterly Activity Report for period ending 31st March 2023
"If it becomes apparent that there is no reasonable prospects of a successful transaction within a suitable timeframe, then the Company will terminate the Process and look to return a majority of the current cash to FFX shareholders as soon as possible thereafter." Following the return of the majority of current cash to shareholders FFX will then distribute all Leo Lithium Limited ("Leo") shares currently held when they are released from the escrow in June 2024 as per ASX requirements."
++ Cash / cash equivalents A$36 million & A$105 million (value of LLL shares), Interest received A$317,000, Corporate Costs A$2.2 million
https://announcements.asx.com.au/asxpdf/20230428/pdf/45p5k3cp7wmsr0.pdf
Shareholder Update - 30th June 2023
The objective of the Board of Firefinch is to conclude these negotiations and announce a binding transaction during this coming quarter, Q3 2023.
In the event that the Process fails to deliver a binding agreement, then Firefinch will commence the process of returning cash and Leo Lithium Limited (Leo Lithium) shares held by the Company ("Assets") to shareholders. This willbe undertaken by a return of the majority of current cash to FFX shareholders as soon as possible thereafter. Following the return of a majority of the current cash to FFX shareholders, FFX will then distribute to its shareholders all Leo Lithium shares currently held by FFX after they are released from ASX imposed escrow in June 2024 with any remaining cash.
As at 29th June 2023, Firefinch assets include approximately A$34.5m in cash together with ~210.9m Leo Lithium shares. In aggregate the assets worth approximately A$245m based on Leo Lithium's closing price of A$1.00/share on the 29 June 2023, which equates to A$0.208 per Firefinch shares. Should a return of assets occur, the Company may be delisted from the ASX.
The Company has already commenced the steps required to undertake a return of assets so there is no unnecessary delay in delivering this in the event the Process does not deliver an outcome. Currently, these steps relate primarily to the process to obtain a class ruling from the Australian Tax Office as to the tax treatment on the return of assets. Any return of Assets will require shareholder approval.
https://announcements.asx.com.au/asxpdf/20230630/pdf/05r4hv6lwvy4q5.pdf
Quarterly Activities Report for period ending 30th June 2023
The content is basically the same as the previous shareholder update, no changes to the wording of cash / LLL share / assets.
++ Cash / cash equivalents A$34.64m & A$258m (value of LLL shares), Interest A$351,000, Corporate Costs A$1.75m
Shareholder Update - 29th September 2023 - this is my favourite of all of them as it was first compiled without being under the guidance of a experienced executive after Lowe departed - note the wording!
As previously reported, we have been working with advisors Treadstone Resource Partners and Gilbert + Tobin to assess corporate transaction options that deliver value to Firefinch shareholders plus the option of liquidity for those who want it.
"I'd like to reiterate if there is no reasonable prospect of a successful corporate transaction, the company will start taking appropriate steps to return its assets (cash and Leo Lithium shares) to shareholders. To that end, we continue to work in parallel with our advisors to determine the best way to distribute the assets."
General and administrative costs have been cut to the bare minimum. The issues we are dealing with, however, require significant legal input which is crucial to protect Firefinch's interests, is this the same legal input source that advised on the ability to walkout unscathed?
The Board recognises the frustration of shareholders due to the drawn-out nature of this process, but we remain committed to delivering an outcome that is in the best interests of all shareholders. We thank you for your understanding.
Quarterly Activities Report for period ending 30th September 2023
The Company has been in active discussions with participants on the Process for a potential transaction that delivers value and liquidity to FFX shareholders, and has continued to work with the assistance of Treadstone Resource Partners and FFX's legal advisors, Gilbert + Tobin, to assess the potential transactions. Participants have been continuing to finalise their due diligence on the Company.
If it becomes apparent that there are no reasonable prospects of a successful transaction within a suitable timeframe, the Company will terminate the Process and look to returning cash to FFX shareholders as soon as possible thereafter. The Company is in the process of obtaining a class ruling from the Australian Tax Office as to the tax treatment on the return of assets. Following the return of cash to shareholders FFX will then distribute Leo Lithium shares held by FFX shareholders when they are released from escrow in June 2024 as per ASX requirement, and subject to their tax treatment as determined in the Australian Taxation Office ruling.
++ Cash / cash equivalents A$33.5m + A$106m (Leo Lithium share value), Interest A$512,000, Corporate Costs A$1.64m
https://announcements.asx.com.au/asxpdf/20231031/pdf/05wsvvyb6kt962.pdf
Quarterly Activity Report for period ending 31st December 2023
As the quarter progressed and given the position of the Government, the Company ceased negotiations with participants in the Process. The Company has now stopped all expenditure other than required to maintain the corporate entity, its operation and dealings associated with the Government.
The Company continues with the process of obtaining a class ruling from the Australian Taxation Office as to the tax treatment on the return of assets to Firefinch shareholders. Subject to the outcome of the class ruling, shareholder approval, and the Leo shareholding coming out of escrow in June 2024, the Company may then be in a position to distribute the Leo shares.
++ cash / cash equivalents A$33.5m + A$106M (Leo Lithium share value), Interest A$401,000, Corporate Costs A$404,000
https://announcements.asx.com.au/asxpdf/20240122/pdf/05zn14chcgv2gk.pdf
It has been 15 1/2 months since the Company decided to cease funding and walk away from Morila and despite informing shareholders across multiple announcements with disclaimers, including the verbal (taped) assurances (from the 2023 AGM) Firefinch Limited Board and Management have continually reiterated that it is not a party to any agreements between Morila SA and its vendors and suppliers, nor is there any agreement between Firefinch and Morila SA that would require Firefinch to either continue to fund Morila SA , or meet its debts, or other liabilities.
It is obvious that the Malian Government had other ideas as to potential liabilities?, and the Company received correspondence from Mali Government on the 18th July 2023 (bear in mind this was only disclosed on the 3rd August 2023 after social media outlets were reporting as such) which included Morila SA's financial liabilities, environmental impact of the Morila Gold Mine and tailings, to which the Company engaged legal counsel for good faith meetings, this has now gone on for over 7 months now. I do note that the Company took the opportunity at these good faith meetings to clarify a number of legal matters.
~ I would of thought it to be prudent that the Company (through their legal advisors) would have clarified all legal matters before being able to confidently walk away?
It has been 14 months since the Company commenced the Process when they engaged Treadstone Resource Partners to source and invite suitable bidders to offer a proposal that would deliver (compelling - depending on what announcement you reference) value and liquidity for FFX shareholders.
~ IMO there is an element of uncertainty in regards to the Process, as in, negotiations have ceased to mean terminated or on hold?
+ what the Company have inferred over this 14 month period is; that if a binding agreement wasn't reached in a suitable timeframe it would be terminated, but this didn't occur which begs to understand what the Company deems as a suitable timeframe? given that in the September 2023 Quarterly Activity Report the Company acknowledged that this has been a drawn-out process but yet it was allowed to continued into the following quarter, which is contrary to what they have been indicating?
** Definition of drawn-out (Cambridge Dictionary) - adjective - lasting longer than is usual or necessary,
** Synonyms; extended, lengthy, long (time), prolonged, protracted.
What is concerning (at least for me) is the wording changes; from returning majority of cash, distributing Leo Lithium shares and remaining cash to now be subject to ATO class rulings and the Company may then be in a position to distribute the Leo Shares!
++ Once the Firefinch held Leo Lithium shares come out of escrow, Leo Lithium lose the current ownership transfer approval process and will have no control over their destination, Firefinch Limited shareholders don't now or will have any control over their destination either, other than relying on the Company honouring its undertaking to distribute them back to us shareholders.
++ Another group of words that slipped past my numb mind at the time, but have a little more relevance now;
"We continue to progress the business strategy where the key objective is managing risks to protect shareholder value in what is a dynamic and rapidly changing environment."
~~ obviously they thought of putting this in a shareholder update after selling the Leo Lithium shares that reduced shareholders intrinsic value with a staggering A$7.1 million loss after 5 trading days !!!
After (yes after) the Leo Lithium In-specie shares were distributed to Firefinch shareholders, the ATO handed down the class ruling
~ Case study return of capital;
* 19th June 2023 Far Limited (ASX:FAR) announced its intention to seek shareholder approval for an equal share capital reduction without cancellation of shares.
* 12th July 2023, announced notice of general Meeting indicating record date (24th Augusts) and payment date (28th August)
* On the 18th August 2023, FAR shareholders approved the return of capital of $0.40 per share.
* 13th October 2023, FAR Limited announced the ATO Class ruling.
++ Point being, an efficient Company can have this completed in 2 months 1 week, what suitable timeframe will we add for the board of Firefinch Limited to replicate a FAR Limited type of return of capital?
++ what does still have me perplexed, is when the Process started, why wasn't the majority of cash returned then? the only plus being that the interest it is currently now earning pays the bills without reducing the total cash asset.
Lastly, on one hand the Company has "already commenced the steps required to return assets back to shareholders" (30th June 2023) to "the company will start taking the appropriate steps to return assets" (29th September 2023)
cheers
Last edited by fooca: 18/02/24
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