Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

A reminder to all members that you agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


2 Pages (Click to Jump) V   1 2 >   
 
  
Reply to this topic

4CE, FORCE COMMODITIES LIMITED
blacksheep
post Posted: Apr 10 2019, 03:21 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Dec 11 2018, 10:36 AM

Another previously much hyped stock that's looking rather sick ATM. Hyped up to 17c - now 0.008c. Cash in kitty $398k with outgoings March Qtr $171k. Has managed to sell some of it's non core assets - the previous SOC projects - for $250k and expects a refund of environmental bond worth $30k. Should keep the lights on for a bit longer.

Looks like 1620 Capital may have completely sold out or is below the #20 position - no longer shown on Top 20

Twenty Largest Shareholders as at 25 March 2019

1 Mr Jihad Malaeb 22,969,673 5.41
2 Mr Bilal Ahmad 14,370,000 3.39
3 Mr Sufian Ahmad 14,165,000 3.39
5 Threebee Investment Group Pty Ltd 11,000,000 2.59
6 Ms Claudine Louise Maynard 9,000,000 2.12
7 Mr Paul Frederick Townsend 8,300,000 1.96
7 JP Morgan Nominees Australia Limited 6,462,233 1.52
8 BAB Super Fund Pty Ltd <BAB Super Fund A/c> 5,670,000 1.34
9 Mr Jarryd Ramsamoojh 5,110,000 1.20
10 HSBC Custody Nominees (Australia) Limited 4,854,451 1.14
11 Mr Lufunga Mbayo Pelesa 4,250,000 1.00
12 Mrs Ilunga Nkulu Sylvie 4,250,000 1.00
13 Medek Investments Pty Ltd <Medek Super Fund A/c> 4,131,858 0.97
14 Attollo Investments Pty Ltd < Attollo Investment A/c> 4,079,928 0.96
15 Mr Hitesh Chag 4,000,000 0.94
16 Mr Poh Seng Tan 4,000,000 0.94
17 Davy Corp Pty Ltd <Davy Investment A/c> 3,900,000 0.92
18 Mr John Dixon 3,800,000 0.90
19 Citicorp Nominees Pty Limited 3,780,769 0.89
20 Chia Park Alpaca Pty Ltd 3,700,000 0.87
Total: Top 20 holders of ordinary shares (Total) 141,793,912 33.40
Total remaining holders balance 282,721,956 66.60

Odd comment in the AR from the auditors

QUOTE
Basis for Qualified opinion
For the year ended 31 December 2018, the Group capitalised exploration and evaluation expenditure of
$1,660,814 for the Kitotolo project and of $1,019,398 for the Kanuka project as disclosed in Note 13 to
the financial report. The Directors were unable to provide us with the financial records to support this
expenditure
. As a result, we were unable to obtain sufficient appropriate audit evidence to satisfy
ourselves of the existence, accuracy and validity of these expenses. Consequently, we are unable to
determine whether any adjustments to these amounts were necessary.

Attached thumbnail(s)
Attached Image


 




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 11 2018, 10:36 AM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Jun 1 2018, 02:31 PM

Updated Top 20 shows a few changes - most notable is 1620 Capital Pty Ltd who held 16.8 mil shares in March 2018, now hold only 3.8 mil shares. Jason Brewers ex partner, Claudine Louise Maynard, has also reduced her holding by 1 mil shares. Insiders selling at this early stage is never a good look,IMO. The SP had reached a high of 10c at the beginning of the hype - currently it's 1.6c.

Top 20 Holders as at 3 December 2018
Rank Name Units % of Units
1. MR JIHAD MALAEB 22,969,673 5.42
2. MR BILAL AHMAD 14,370,000 3.39
3. MR SUFIAN AHMAD 14,165,000 3.34
4. THREEBEE INVESTMENT GROUP PTY LTD 11,000,000 2.59
5. MS CLAUDINE LOUISE MAYNARD 9,000,000 2.12
6. MR PAUL FREDERICK TOWNSEND 8,300,000 1.96
7. J P MORGAN NOMINEES AUSTRALIA LIMITED 6,154,251 1.45
8. BAB SUPER FUND PTY LTD <BAB SUPER FUND A/C> 5,500,000 1.30
9. MR JARRYD RAMSAMOOJH 5,110,000 1.21
10. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 4,856,372 1.15
11. MR LUFUNGA MBAYO PELESA 4,250,000 1.00
12. MRS ILUNGA NKULU SYLVIE 4,250,000 1.00
13. MEDEK INVESTMENTS PTY LTD <MEDEK SUPER FUND A/C> 4,131,858 0.97
14. ATTOLLO INVESTMENTS PTY LTD <ATTOLLO INVESTMENT A/C> 4,079,928 0.96
15. CITICORP NOMINEES PTY LIMITED 4,002,174 0.94
16. MR HITESH CHAG 4,000,000 0.94
17. DAVY CORP PTY LTD <DAVY INVESTMENT A/C> 3,900,000 0.92
18. 1620 CAPITAL PTY LTD 3,886,800 0.92
19. MR JOHN DIXON 3,800,000 0.90
20. CHIA PARK ALPACAS PTY LTD 3,700,000 0.87
Totals: Top 20 holders of ORDINARY FULLY PAID SHARES (TOTAL) 141,426,056 33.36
Total Remaining Holders Balance 282,489,812 66.64


TOP 20 SHAREHOLDERS AS AT 1ST MARCH 2018
Rank Name Units % of Units
1. 1620 CAPITAL PTY LTD 16,843,334 4.01
2. MR JIHAD MALAEB 16,369,673 3.90
3. MR SUFIAN AHMAD 14,650,000 3.49
4. MR BILAL AHMAD 13,600,000 3.24
5. THREEBEE INVESTMENT GROUP PTY LTD 11,000,000 2.62
6. MS CLAUDINE LOUISE MAYNARD 10,000,000 2.38
7. CITICORP NOMINEES PTY LIMITED 8,260,093 1.97
8. J P MORGAN NOMINEES AUSTRALIA LIMITED 8,193,885 1.95
9. MR BIN LIU 7,000,000 1.67
10. HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED 4,928,366 1.17
11. HOATZIN HOLDINGS PTY LTD 4,875,000 1.16
12. QUETZAL NOMINEES PTY LTD 4,875,000 1.16
13. MR VIKTOR POZNIK + MRS VESNA ANNA POZNIK <THE POZNIK FAMILY A/C> 4,592,560 1.09
14. ATTOLLO INVESTMENTS PTY LTD <ATTOLLO INVESTMENT A/C> 4,499,935 1.07
15. BAB SUPER FUND PTY LTD <BAB SUPER FUND A/C> 4,400,000 1.05
16. DAVY CORP PTY LTD <DAVY INVESTMENT A/C> 4,400,000 1.05
17. MR LUFUNGA MBAYO PELESA 4,250,000 1.01
18. MRS ILUNGA NKULU SYLVIE 4,250,000 1.01
19. MR JOHN DIXON 3,800,000 0.90
20. MEDEK INVESTMENTS PTY LTD <MEDEK SUPER FUND A/C> 3,651,010 0.87
Totals: Top 20 holders of ORDINARY FULLY PAID SHARES (TOTAL) 154,438,856 36.78
Total Remaining Holders Balance 265,477,012 63.22



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 1 2018, 02:31 PM
  Quote Post


Posts: 6,791
Thanks: 2307


QUOTE
Sale of Non-Core Project - Halls Peak Project
▪ Option Agreements entered into to sell the Company’s two Halls Peak Project
tenements located in New South Wales.
▪ In the event that the Acquirer proceeds with the acquisition of both Halls Peak
Project tenements, Force will receive total consideration of up to $665,800,
comprising $165,800 in cash, $250,000 in shares (upon a successful IPO of the
Acquirer) and a further $250,000 in shares in the Acquirer (at its IPO price) subject
to the Acquirer achieving aggregate sales of an amount equal to $2 million or
greater from the Halls Peak Project.
▪ Force Chief Financial Officer and Company Secretary Michael Fry has been
appointed a Director of acquirer XS Resources Limited and will play a pivotal role in
the planned ASX Listing of XS Resources Limited and realisation of value for Force.


QUOTE
We have a vested interest in the planned IPO of XS Resources performing well and to this extent we
strongly support the role our Chief Financial Officer/Company Secretary Michael Fry will play as a director
of XS Resources in assisting it to successfully complete its IPO and in the advancement of the Halls Peak
Project in his capacity as a Director of XS Resources. It is to be noted that Michael Fry has played no role
in the negotiation of terms for the acquisition of the Halls Peak Project either from a Force perspective or
from an XS Resources perspective.”


ASIC search shows XS Resources Limited Application For Registration as a Public Company was dated 2/3/2018. Might be a while before it's listed for IPO

QUOTE
Name: XS RESOURCES LIMITED
ACN: 624 766 114
Registration date: 2/03/2018




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 27 2018, 04:46 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: Marana's post @ May 27 2018, 10:47 AM

So we are now happy that the GTT reference contained in my very first post (back in March) was just background info - how GTT became involved on SOC initially and the circumstances of them needing to divest shares, and ultimately existing - cool. The very reason I provided that link to the Takeovers Panel It was quite a story, and an insight into alleged non disclosure of "related parties". A good example to take on board when doing your DD into any company
http://www.takeovers.gov.au/content/Displa...ns/2016/012.htm

16-344MR ASIC appoints Morgan Stanley to sell shares in Sovereign Gold Company Limited
https://asic.gov.au/about-asic/media-centre...ompany-limited/








--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
Marana
post Posted: May 27 2018, 10:47 AM
  Quote Post


Posts: 273
Thanks: 13


In Reply To: blacksheep's post @ May 25 2018, 10:48 PM

QUOTE
Poster - ddzx - https://hotcopper.com.au/threads/ann-requis...98#.Wwf6ukiFO70 - you might want to take it up with him on HC?

While I don't mind having discussions with intelligent people like you; I prefer to not argue with a nincompoop like DDZX. DDZX should do proper research rather than listen to gossip. hypocrite.gif



--------------------


 
blacksheep
post Posted: May 25 2018, 10:48 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: Marana's post @ May 25 2018, 09:50 PM

QUOTE
If GTT was not involved with the lithium acquisition then what is the relevance of posting about GTT?

Already said - "I gave a bit of a background into SOC, which went onto become 4CE, and GTT's involvement with both" - read my original/first post - BACKGROUND for those who do not know about the previous history . Again, I don't recall suggesting GTT was involved with the lithium acquisition. How many more times must I explain it to you?

You then came along quoting GTT and the long list of links

QUOTE
To my understanding, whoever wrote the above comment was/is misinformed. Rocco retired from 4CE months before the lithium acquisition, which appeared to be facilitated by Jason Brewer. I posted the chronology in my previous post.


Poster - ddzx - https://hotcopper.com.au/threads/ann-requis...98#.Wwf6ukiFO70 - you might want to take it up with him on HC?

QUOTE
Recent behaviour of GTT... VKA


It was another example of how GTT buy up assets. In this case, according to management - "GTT requested your company invest in its own offered mineral projects"

I'm really confused as to why you are going down this long winded debate about GTT - what relevance does it have today?







--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

Featured Stock Stories





Marana
post Posted: May 25 2018, 09:50 PM
  Quote Post


Posts: 273
Thanks: 13


In Reply To: blacksheep's post @ May 25 2018, 08:58 PM

QUOTE
What "inferences"? I gave a bit of a background into SOC, which went onto become 4CE, and GTT's involvement with both. I certainly don't recall suggesting GTT was involved with the lithium acquisition.

If GTT was not involved with the lithium acquisition then what is the relevance of posting about GTT?

QUOTE
Rocco is 4CE, who acquired the nearology ground near AVZ

To my understanding, whoever wrote the above comment was/is misinformed. Rocco retired from 4CE months before the lithium acquisition, which appeared to be facilitated by Jason Brewer. I posted the chronology in my previous post.

QUOTE
Recent behaviour of GTT... VKA

How is this related to 4CE, which is a company run by Sanders, Brewer and Fry? It seems like some VKA shareholders were/are very confused believing GTT brokered the 4CE acquisition.

blink.gif



--------------------


 
blacksheep
post Posted: May 25 2018, 08:58 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: Marana's post @ May 25 2018, 07:22 PM

QUOTE
I think your inferences are baseless from possibly not being fully informed.


What "inferences"? I gave a bit of a background into SOC, which went onto become 4CE, and GTT's involvement with both. I certainly don't recall suggesting GTT was involved with the lithium acquisition. Please re read my post again. When companies change names, it's difficult for potential shareholders to know the background - hence my comments on SOC and GTT

The rest of your post, with links, confirms my comments ->

QUOTE
Yes, well their job is done - onto to the next "venture" no doubt - there's a pattern, as I mentioned below


You are no doubt aware of GTT's involvement in VKA - if not, here's a reminder below of 1) a shareholder's view at the time (you may recognise that shareholder) and 2) the company's statement at the time. Again, I make no comment/inferences on either.

1. Shareholder reaction
QUOTE
]Rocco Tassone & mates http://www.gttventures.com.au/ are after the company & the cash[/u]
Rocco is 4CE, who acquired the nearology ground near AVZ
i have spoken to both directors of VKA & liked them
but this sale of the gold business has been slow
interesting to see what GTT have got to say?
VKA has good asssets
i imagine GTT want the gold cash and would sell the coal and cash up for an acquisition


2. Company reaction - https://www.asx.com.au/asxpdf/20170904/pdf/...1klscc0ttff.pdf
QUOTE
]Recent behaviour of GTT[/b]

The recent behaviour of GTT gives a clear indication of its intentions.

Since becoming a shareholder GTT has approached Viking on several occasions seeking to
influence board decisions. When Viking started receiving completion payments for sale of its
Akoase asset, GTT requested your company invest in its own offered mineral projects. These
proposals were unanimously considered by your Board to be both unsuitable for a listed entity like
Viking and without merit.

GTT requested a board seat at a time when it held less than 5% of the Company’s shares.
On 11 August 2017 GTT gave Viking notice pursuant to section 249D of the Corporations Act
requesting a meeting of shareholders be held for:

 the appointment of GTT’s nominees, Charles Thomas and George Henderson as
directors; and
 the removal of Jack Gardner and Peter McMickan as directors.
Within a week after issuing its section 249D notice GTT offered to withdraw its request for a
meeting to appoint and remove directors if your board agreed to:
 appoint its nominee Charles Thomas as a non-executive director, with Mr Thomas to
be paid non-executive directors’ fees of $72,000 per annum (well above the current
remuneration for Viking non-executive directors of $25,000 per annum and well
above market rates for comparable companies);
 engage GTT Ventures Pty Ltd, a corporate advisory company associated with GTT, to
advise Viking on “marketing” itself for a fee of $10,000 per month for 6 months;
 pay a 1% management fee on any shares issued to GTT or its associates;
 pay a 5% capital raising fee on the value of any shares issued to GTT or its associates;
 pay a finder’s fee of 10% on any project consideration (cash or shares including future
milestone payments) for projects introduced by GTT;
 pay all expenses of GTT, including legal fees; and
 indemnify GTT and its directors against any claims deriving from their actions.

Your Board unanimously rejected this proposal, particularly because these fees were considered
excessive and not in the best interests of Viking and the majority of its shareholders.

Lack of experience of GTT’s nominees
The Viking Board do not consider that Messrs Thomas and Henderson have the technical, mining
and exploration experience relevant to operating and managing a mining exploration company that
matches the experience of Jack Gardner and Peter McMickan, as outlined in the Explanatory
Statement accompanying the Notice of Meeting.

In addition to their apparent lack of relevant technical, mining and exploration experience, your
Board also considers that neither Mr Thomas nor Mr Henderson would be able to manage Viking
on a full time basis as:

 Mr Thomas is already the managing director of another ASX-listed company and an
executive director of GTT Ventures, a corporate advisory company, whose directors
and shareholders comprise Charles Thomas, Rocco Tassone and Patrick Glovac; and
 Mr Henderson is the partner of a law firm.

In July 2016, the Australian Takeovers Panel made a declaration of “unacceptable circumstances”
against Charles Thomas, Rocco Tassone and Patrick Glovac, the three directors of GTT, and their
associates, in relation to the affairs of Sovereign Gold Company Limited. This declaration related
to undisclosed associations and the non-filing of required substantial shareholder notices.

This declaration resulted in ASIC undertaking a forced sale of Sovereign Gold shares held by the
private companies controlled by Messrs Thomas and Tassone.

https://www.asx.com.au/asxpdf/20170904/pdf/...1klscc0ttff.pdf



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
Marana
post Posted: May 25 2018, 07:22 PM
  Quote Post


Posts: 273
Thanks: 13


In Reply To: blacksheep's post @ May 25 2018, 04:14 PM

I think your inferences are baseless from possibly not being fully informed.

GTT Ventures appear related to an earlier attempt to recapitalise the company and take advantage of the gold asset.

I did not get the impression GTT Ventures were involved at all in the lithium acquisition because the lithium acquisition vendor shares were allotted to Jason Brewer's wife's company 1620 CAPITAL PTY LTD.

GTT's Thomas resigned on 06/03/2017: https://www.asx.com.au/asxpdf/20170306/pdf/...l6fnwfysprm.pdf

GTT's Tassone resigned on 28/03/2017: https://www.asx.com.au/asxpdf/20170328/pdf/...3fvnqttlzlg.pdf

Darras. Stephens & Smith resigned on 1/06/17: https://www.asx.com.au/asxpdf/20170601/pdf/...nns2t8rxkyh.pdf

Brewer & Sanders were appointed on 06/06/2017: https://www.asx.com.au/asxpdf/20170606/pdf/...rmxj02rn5m2.pdf

Lithium acquisition was announced on 07/08/2017: https://www.asx.com.au/asxpdf/20170807/pdf/...6mmww50zsns.pdf

GTT's Glovac probably stayed on to assist in an orderly transition and resigned on 17/10/17: https://www.asx.com.au/asxpdf/20171017/pdf/...9k1zvww9kv8.pdf

smile.gif



--------------------


 
blacksheep
post Posted: May 25 2018, 04:14 PM
  Quote Post


Posts: 6,791
Thanks: 2307


In Reply To: Marana's post @ May 25 2018, 03:53 PM

Yes, well their job is done - onto to the next "venture" no doubt - there's a pattern, as I mentioned below

QUOTE
4CE is the former ASX-SOC - a gold explorer the assets of which were spun out of Hudson Resorces and latter taken over by GTT Ventures - http://www.takeovers.gov.au/content/Displa...es/2016/051.htm. The gold assets are being sold off by 4CE to Wildcat Resources P/L and Rock The Polo P/L - an introduction by Mr Charles Thomas of specialist corporate advisory and venture capital firm GTT Ventures Pty Ltd, albeit at a lessor price than SOC paid and spent $$ drilling. Will be interesting to see who eventually ends up with these gold assets, at what price and how they will be promoted..

GTT is also involved with SuperNinja's other favourite companie - WFE, AVZ - also MQR (who were fortunate enough to pick up the spun out lithium assets of SOC, now 4CE). GTT is also managing the TAO float, I believe




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


2 Pages (Click to Jump) V   1 2 >

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING