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The Last Straw That Broke The Camel' s Back!
Last Resort No Hope Liao, Coupled With La Nina Wreaking Havoc & Power Outage!
屋 漏 偏 逢 连 夜 雨 ， 路 已 经 走 到 尽 头 ！
Now Discussing Repayment Plan, Very Likely New Share Placement To Repay Some Interest First.
Last Resort No Hope Liao, Coupled With La Nina Wreaking Havoc & Power Outage!
屋 漏 偏 逢 连 夜 雨 ， 路 已 经 走 到 尽 头 ！
Now Discussing Repayment Plan, Very Likely New Share Placement To Repay Some Interest First.
got chance to run faster run..
Volmax ( Date: 12-Feb-2025 09:25) Posted:
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Excerpt From Today Announcement
2.3 As stated in the Acknowledgement, in view of the operations of the Group&rsquo s Processing Facility at the Ciemas Gold Project being affected by the heavy rainfall caused by La Nina, a hydrometeorological disaster, since early December 2024, PT. KJBI had informed that they were of the opinion that as of the date of the Acknowledgement, PT. WWI would not be able to fulfil the Offtake Delivery as repayment of the facility and accordingly, the Drawdown Request was not effected by PT. KJBI.
2.4 Notwithstanding, PT. KJBI had stated in the Acknowledgement that should there be improvements in the ongoing circumstances faced by the Group, PT. WWI may re-submit another drawdown request for reconsideration.
3. FURTHER UPDATES
3.1 The Drawdown Request was submitted for the purpose of paying the US$21.0 million due to Karl Hoffmann pursuant to the Deed of Compensation, by 10 February 2025 (&ldquo Amount due to Karl Hoffmann&rdquo ).
3.2 The management of the Company is actively engaging with Karl Hoffmann to discuss on the Amount due to Karl Hoffmann and to resolve the matter promptly and amicably, prioritising minimal disruption to the Group&rsquo s business operations. For the avoidance of doubt, as at the date of this announcement, the Company has not received any calls for payment by Karl Hoffmann, in writing or verbal.
2.3 As stated in the Acknowledgement, in view of the operations of the Group&rsquo s Processing Facility at the Ciemas Gold Project being affected by the heavy rainfall caused by La Nina, a hydrometeorological disaster, since early December 2024, PT. KJBI had informed that they were of the opinion that as of the date of the Acknowledgement, PT. WWI would not be able to fulfil the Offtake Delivery as repayment of the facility and accordingly, the Drawdown Request was not effected by PT. KJBI.
2.4 Notwithstanding, PT. KJBI had stated in the Acknowledgement that should there be improvements in the ongoing circumstances faced by the Group, PT. WWI may re-submit another drawdown request for reconsideration.
3. FURTHER UPDATES
3.1 The Drawdown Request was submitted for the purpose of paying the US$21.0 million due to Karl Hoffmann pursuant to the Deed of Compensation, by 10 February 2025 (&ldquo Amount due to Karl Hoffmann&rdquo ).
3.2 The management of the Company is actively engaging with Karl Hoffmann to discuss on the Amount due to Karl Hoffmann and to resolve the matter promptly and amicably, prioritising minimal disruption to the Group&rsquo s business operations. For the avoidance of doubt, as at the date of this announcement, the Company has not received any calls for payment by Karl Hoffmann, in writing or verbal.
3.3 In light of the aforementioned developments, the Board is in the midst of assessing the Company&rsquo s and the Group&rsquo s ability to continue operating as a going concern. The Company will provide timely updates to shareholders of the Company as and when there are material developments on the Company&rsquo s discussion with Karl Hoffmann on the Amount due to Karl Hoffmann.
3.4 In addition, barring unforeseen circumstances, the management of the Company is working towards (i) improving the power outage situation at the Group&rsquo s Processing Facility, which had been caused by heavy rainfall arising from the La Nina phenomenon and (ii) the resumption of operations at the Group&rsquo s Processing Facility. However, the management of the Company is not able to provide any indicative timeline towards the resumption of operations due to the ongoing circumstances that are not within the control of the Group.
The US$21 millions owes to Mr Seah if converted at 4 will give him estimated 7.1 billion shares or 14.2 billion shares if issued at 2. Current total issued shares only about 2.6 billion, which suggests there might be a hostile takeover. Guessing only hor.
prov888 ( Date: 07-Feb-2025 19:06) Posted:
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Became ssh good no meh?
prov888 ( Date: 07-Feb-2025 19:06) Posted:
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Good news or bad news?
prov888 ( Date: 07-Feb-2025 19:06) Posted:
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strange, seah cheong leng who owns karl hoffman became a ssh on 25/1/25, so whats goin here?
Volmax ( Date: 07-Feb-2025 18:02) Posted:
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BBs 杀 红 了 眼 , 绝 不 手 软 !
From 36 To 4, Those Holding From High Jialat Jialat.....
股 民 自 求 多 福 吧 !
From 36 To 4, Those Holding From High Jialat Jialat.....
股 民 自 求 多 福 吧 !