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There is no stock to buy here...
this could run better thqan the .75 number i said yesterday!!!!!
buy a few 1000 and watch it tick higher!!
This has been real sneaky....
CETC will hit 75 cents this week
CETC --- worth a look..
CETC CETC.... HOLY COW...
THE deck is stacked
CETC-- PUMP IS COMING...
.08 x .084...
Any buys are sending it higher...
Longs are not selling
Im thinking Halloween... September depositions are set..
after the exectuives from LM are raked over the coals, they will be willing to write a nice check
to keep their company viable.
Patience... its gonna take patience
goinger higher!!!!!
NOT A BUYOUT--- Protect WITM shareholders against LM buying it in the open market
Think about it... $13 million market cap now
Potential 650 million hanging over LM head in the future..
Start buying shares NOW.....$25-30 million and WITM is gone--ACQUIRED
If anyone gets to 10% ownership, this event will trigger some sort of right to $1..
Not sure of these Jr Preffered shares, Is WITM and its board getting paid now???
LOND withdrew is motion for 8/20..
Another bullish sign for WITM
London HAS TO write a check!!!
Bidding .075 offer @ .08
This is sustaining..
I hope that LOND is paying attention now...
The games are over, back to business in the UK>>>
More to come...
Why would the judge see this case beyond her retirement date???
LM cannot see this to trial...
Lost 3 motions already..
Havent made a stitch of discovery yet
Olympics a major local distraction...
LM also has billion $$$ proposals in Greenland pending
This a sneaking up on LM, very quietly and FAST
I've heard that London offered .10 pps...
WITM countered with $1...
I believe, as well that some top brass from LM flew over for the proceeding..
So, at least, LM is acknowledging the severity of this case!
I agree, settlement is comin...hopefully by Thanksgiving
Attornies for WB are not asnwering their phones...
Levy is in MN...
Motion tomorrow @ 10AM CST...
Mediation on Thursday...
Exec's for LM still at the Olympics, watching the US kick GBR's a$$e$....
Its gonna happen again...
Forget the charts....Buy the rumor.. Sell the news...
Mediation is set..
LOND stalling...
All of LOND's motions have been DENIED..
They are still asking one judge to overturn a colleague's order...
Settlement is with 45 days....
when you heard of it, then you can sell.
Probably at .25 or higher..
I also believe Peter Cater will resign as lead attorney for LOND...
check out:
www.lse.uk.co put LOND in search
Some guy Kenglo1watcher has great info from the MN courtroom..
Gets the documents faxed right to him
http://pa.courts.state.mn.us/
hennepin Civil
attorney Rosow, Michael
check out www.lse.com/uk website
kenglo1watcher has insightful posts
Franklin Levy,MA is WITM lead counsil with Paul Civello in MN
They wanted to counter for 2 bil...
Adding to my position... Piece meal
Only quesiton, how much of the pie is going to Levy and his cronies?
Offer now .061!!!!!
NO volume...
Weird how we have no following here or Yahoo!
The silence is DEAFENING!!!!
More court filings yesterday..
no news is good news!!!!
Years...
IMO.. WITM will never mine an ounce..
That doesnt mean it will NOT go higher...
No NEWS IS GREAT NEWS
volume still in neat order...
CGMR JV RECEIVES CLAIM
London Mining ("London Mining" or the "Company") announces that China Global Mining Resources Limited ("CGMR"), a subsidiary of the China Global Mining Resources (BVI) Limited joint venture (“JV”) which is held 50:50 with Wits Basin Precious Minerals Inc (“Wits Basin”), has received a claim regarding the payment of the deferred consideration for the purchase of the Sudan processing plant. The claim is to be determined through arbitration. CGMR is in discussions with the sellers of the plant regarding this claim and a resolution (either by agreement of through arbitration) is expected in the next 6 months. The Sellers have no legal or commercial recourse to London Mining or any subsidiary other than the CGMR JV with respect to this claim.
The claim relates to the timing for payment of deferred consideration of RMB 120 million (US$17.48 million) payable to Mr Lu Benzhao and Ms Lu Tinglan (the “Sellers”) under the terms of CGMR's acquisition of the Nanjing Sudan Mining Company Ltd ("Sudan”) which completed in April 2009 whose sole asset was the Sudan processing plant. The Sellers are seeking immediate payment of the deferred acquisition consideration. CGMR believes the payment is only payable to the extent of available cash within the CGMR JV as stipulated by the equity transfer agreement of Sudan and therefore not payable at this time. It is subject to the decision of the arbitrator whether such stipulation may be upheld in the process of the arbitration. The Sellers, in addition, are seeking liquidated damages for late payment of the deferred consideration of US$33 million plus costs.
CGMR intends to defend this claim to the fullest extent and is also pursuing various claims and counterclaims that it believes it has against the Sellers for their non-compliance with the acquisition terms, including a claim for US$15 million for breach of contract.
Update on Operations and Funding
As announced on 20 May 2010, in London Mining’s Operations and Financial Review for the three months to 31 March 2010, CGMR operations were halted in May 2010 to allow for the tailings dam to be raised as a precautionary measure following heavy rains. The tailings dam work was completed in June 2010 and during the period of non-operation, maintenance was undertaken at the Sudan processing plant. Subsequent to the raising of the tailings dam, mining operations have not resumed due to the enforcement of a requirement from the regulatory authorities in Anhui Province for the mining operations to be consolidated on the CGMR license, held by the Chinese subsidiary Maanshan Xiaonanshan Mining Company Limited (“XNS”). As reported in the Admission Document, the granting of the larger mining lease for the area, incorporating the neighbouring mines in addition to the original license, required consolidation either through acquisition or amalgamation. CGMR has been investigating interim alternatives to consolidation but no agreement has yet been reached either with the neighbouring mines or with the authorities. CGMR, led by Witts Basin, continues to undertake a fund raising process to allow for the consolidation of the license, acquisition of deep mining rights and for payment of the deferred consideration to Mr and Ms Lu. London Mining is not the operator of the CGMR JV and has no intention of committing further material funds to the CGMR joint venture.
Notes to Editors:
The CGMR Joint Venture
London Mining acquired a 50% interest in China Global Mining Resources (BVI) Limited (“CGMR BVI”) in April 2009. The remaining 50% interest is held by Wits Basin Precious Minerals Inc. Also in April 2009, CGMR BVI, through its Hong Kong Subsidiary, CGMR, in turn completed its acquisition of the producing Xiaonanshan iron ore open pit mine and the Sudan concentrate processing plant through the acquisition of the two PRC companies Maanshan Xiaonanshan Mining Co. Ltd and Nanjing Sudan Mining Co. Ltd. XNS holds a licence incorporating two further adjacent operating mines (Sanbanqaio and Guqaio) and is undertaking a programme of resource definition and mine planning to consolidate the three mines into a single operation. CGMR signed a non-binding memorandum of understanding to acquire the neighbouring Sanbanqaio and Guqaio mines in August 2009, and has been conducting due diligence regarding such acquisition. Completion of any such acquisition requires CGMR to raise external finance.
For more information, please contact:
London Mining Plc
Thomas Credland, Head of Investor Relations +44 20 7201 5000
Liberum Capital (Nominated Advisor/Broker)
Clayton Bush/Ellen Francis +44 20 3100 2000
Brunswick Group
Carole Cable/ Daniel Thöle +44 20 7404 5959
Crux Kommunikasjon AS
Charlotte Knudsen +47 97 56 19 59
The Company's website can be found at www.londonmining.co.uk.
About London Mining
London Mining is focused on identifying, developing and operating scaleable mines to become a mid-tier supplier to the global steel industry. London Mining is developing four iron ore mines in Sierra Leone, Saudi Arabia, Greenland and China as well as a coking coal operation in Colombia. All London Mining's assets have deliverable production with potential for expansion. The Company listed on the Oslo Axess on 9 October 2007 and on AIM in London on 6 November 2009. It trades under the symbols LOND.L and LOND.NO (Reuters) and LOND LN and LOND NO (Bloomberg).
Anyone in MN can go to the court and print out the case..its not online...
Need to get a look at the ruling
Something happened in court today....
Judge moved motion hearing up a week...
Ive heard LM may need to eat crow
Register of ActionsCase No. 27-CV-11-24590London Mining Plc vs Wits Basin Precious Minerals Inc §
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Case Type: Contract
Date Filed: 12/14/2011
Location: - Hennepin Civil
Judicial Officer: Klein, Joseph R.
Party Information Lead Attorneys
Defendant Wits Basin Precious Minerals Inc
Minneapolis, MN 55402
PAUL BAKER CIVELLO
Retained
612-672-8200(W)
Plaintiff London Mining Plc
MICHAEL ANTHONY ROSOW
Retained
612-604-6400(W)
Events & Orders of the Court OTHER EVENTS AND HEARINGS
12/14/2011 Summons and Complaint
12/14/2011 Certificate of Representation
12/15/2011 Notice of Case Assignment (Judicial Officer: Klein, Joseph R. )
12/22/2011 Affidavit of Service
01/13/2012 Certificate of Representation
01/13/2012 Answer
01/17/2012 Affidavit of Service
01/18/2012 Order-Other (Judicial Officer: Klein, Joseph R. )
01/24/2012 Motion
01/24/2012 Affidavit of Service
01/31/2012 Notice of Motion and Motion
02/01/2012 Order-Other (Judicial Officer: Klein, Joseph R. )
02/02/2012 Scheduling Conference (8:45 AM) (Judicial Officer Klein, Joseph R.) Result: Held
02/03/2012 Scheduling Order (Judicial Officer: Klein, Joseph R. )
03/01/2012 Answer
03/01/2012 Notice of Motion and Motion
03/01/2012 Memorandum
03/01/2012 Affidavit-Other
03/01/2012 Affidavit-Other
03/01/2012 Affidavit-Other
03/01/2012 Proposed Document
03/01/2012 Affidavit of Service
04/05/2012 Motion Hearing (8:45 AM) (Judicial Officer Klein, Joseph R.) 03/30/2012 Reset by Court to 04/05/2012
04/13/2012 Hearing (1:15 PM) (Judicial Officer Klein, Joseph R.)
11/16/2012 Pre-trial (2:30 PM) (Judicial Officer Klein, Joseph R.)
12/03/2012 Jury Trial (9:00 AM) (Judicial Officer Klein, Joseph R.)
Financial Information
I'm selling in pieces on way up...
I will not allow SDK to pull the rug from under my gains
As I expected--- NO FOLLOW THRU!
VOLUME will confirm breakout---
Volume is the KEY
Volume = LM hedging
buy high---sell higher... Hossie will pay upto a quarter here if his legal team thinks they'll loses
I've heard Hossie and his England based co-horts are accumulating the WITM common as a hedge!!!
Bid is building...
SELL THE NEWS
ITS OVER!!!!
History repeats itself once again!!
Grasping at straws...
ARET is going lower..... I will start buying under .03...
a little birdies told me..
hahahahahah
TR or BR----
or Corey Ribotsky
Who is Barney
Jersey Boy??? Vegas Sandman????????
LA Clipper????
Winning!!!!!!!!
I see the Fat lady peeking her head out!!!!!!
Snooki???
ARET IS OVER
If Detroit can survive--
That's the only way MWWC survives!!!!
Rainer is the MAN