| Latest Forum Topics / Wilton Resources Last:0.015 -- |
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Wilton Resources (5F7)
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Volmax
Elite |
06-Jul-2023 11:20
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The carrying amount of 319,097 (Rp million) owes to Karl Hoffmann under the Project Financing Arrangement was previously disclosed in Non-Current Liability under Loans & Borrowings and is applied over a Loan Tenure of 10 years. Additional compensation amount claimed is US$2,000,000 for the deferment in taking action against the company for breach of Project Financing Arrangement.
With Karl Hoffmann exercising its rights to terminate the financing arrangement, the loan had becoame current and are repayable within business 20 days of the termination. They know Wilton do have the ability to repay in full, since the 500tpd CIL Plant had just started generating revenue.  Having learn Wilton had just gotten S$6m in new funding from the two Fund Managers, it is obvious they wanted to get the compensation amount and to get a fair share in Wilton Gold Mining Business at fire sales price. |
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Thi654321ABCDEF
Master |
06-Jul-2023 11:19
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now if you sell also nothing will get , almost all gone
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Thi654321ABCDEF
Master |
06-Jul-2023 11:17
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thats why donot buy pennies and other countries , all cheating  they will drag drag drag untill suspension. They will not make any decission , just drag drag , issue rights . This companey setting up the plant 6-7 years , usuall 1 or 2 years , from this we know
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Johnsnow
Elite |
06-Jul-2023 11:03
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May go down further my friend shorting non stop
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gravity8888
Supreme |
06-Jul-2023 11:02
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Better run first before it ot worthless | ||||
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Johnsnow
Elite |
06-Jul-2023 10:59
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Chop and run at 10 no eyes see
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Ryuuenji
Elite |
06-Jul-2023 10:49
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What happened to those gold mouth that spoke n praise this stock so much? Lol | ||||
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Everyday
Elite |
06-Jul-2023 10:49
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Wilton have to produce soluition fast. The Board of Directors (&ldquo Board&rdquo or &ldquo Directors&rdquo ) of Wilton Resources Corporation Limited (the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to update that the Company has received a notice of termination dated 23 June 2023 (&ldquo Notice of Termination&rdquo ), a letter of demand dated 23 June 2023 (&ldquo Letter of Demand&rdquo ), and a statutory notice of demand dated 3 July 2023 (&ldquo Statutory Demand&rdquo ), from the solicitors acting for Karl Hoffman In the Notice of Termination, the solicitors acting for Karl Hoffmann refer to the Project Financing Arrangement between Karl Hoffmann and the Company dated 26 October 2017 (&ldquo Project Financing Arrangement&rdquo ) and the Supplemental Deed between Karl Hoffmann and the Company dated 12 March 2018 (&ldquo Supplemental Deed&rdquo ), and assert inter alia that Karl Hoffmann exercises its right to terminate the Project Financing Arrangement as the Facility1 did not reach the design capacity by the date of 25 October 2019, and accordingly, the Company is obliged to pay to Karl Hoffmann a termination amount, being the principal sum of US$13,500,000 plus interest at the rate of 13% per annum starting from the date of the Project Financing Arrangement, amounting to US$10,087,643.80, within 20 business days of such termination. In the Letter of Demand, the solicitors acting for Karl Hoffmann refer to the Project Financing Arrangement, the Supplemental Deed, and the agreed compensation for the Project Financing Arrangement between Karl Hoffmann and the Company dated 10 May 2022 (the &ldquo 10 May Agreement&rdquo ) 2 , and assert inter alia that the Company has failed to pay the first tranche of the Compensation Amount (as defined below) of US$500,000 pursuant to the 10 May Agreement by 25 October 2022, and accordingly, a total compensation amount of US$2,000,000 has become immediately due and owing and the Company is obliged to pay a total compensation amount of US$2,000,000 within 3 working days of the Letter of Demand. |
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gravity8888
Supreme |
06-Jul-2023 10:19
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Last burst of fire to trap or to let retailers get out? | ||||
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Grubber
Elite |
06-Jul-2023 10:12
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sgx why still let it trade | ||||
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gravity8888
Supreme |
06-Jul-2023 09:37
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Matter of time another halt or suspension soon.. the amount owing is so big | ||||
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TraderBen
Supreme |
06-Jul-2023 09:35
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those got the news alrdy sold before the halt.. u see huge volume selldowns. from 20 to 14 | ||||
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gravity8888
Supreme |
06-Jul-2023 09:33
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Hope 7 dun break if not hell break loose | ||||
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TraderBen
Supreme |
06-Jul-2023 09:31
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ya sell get abit back 1st.. likely will be gone..   |
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gravity8888
Supreme |
06-Jul-2023 09:27
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Better cut loss than it suspension.. the amount owing not amall | ||||
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Stocky901
Supreme |
06-Jul-2023 09:20
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Jialat next halt will be a suspension 🥺 | ||||
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TraderBen
Supreme |
06-Jul-2023 09:14
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suay siao.. this type of things happened..  | ||||
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gravity8888
Supreme |
05-Jul-2023 09:46
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Alamak haven't unhalt yet | ||||
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TraderBen
Supreme |
03-Jul-2023 21:48
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Friday huge lots sell down. To 14.. very likely
Will be bad news
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gravity8888
Supreme |
03-Jul-2023 11:15
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Thought has been going down since 20+??
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