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Shaft Sinkers Holdings Share Chat (SHFT)



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MagicMonty
Posts: 113
Opinion:No Opinion
Price:0.63
ShaftStinkers
18 Feb '15
Not one of my better investments. should have set a stop loss. I guess the clue was in the name SHAFT ~ Sure got shafted, SINKERS ~ Yep now well and truly sunk.
Started so well with a nice divi just a few years ago. shows the management team were totally incompetent fools.
 
riddler
Posts: 81,774
Premium Chat Member
Opinion:No Opinion
Price:0.63
today
17 Feb '15
The Financial Conduct Authority ("the FCA") temporarily suspends the securities set out below from the Official List effective from 17/02/2015 7:30 AM at the request of the company pending clarification of the company's financial position
granto
Posts: 4,563
Opinion:No Opinion
Price:0.63
Unreal
13 Feb '15
How could anyone buy this today after that RNS
fundamentalanalysis
Posts: 8,136
Opinion:No Opinion
Price:0.63
mmmmm
13 Feb '15
Some actually bought some shares here today? Well that tops any daft thing iv'e done in the stockmarket for sure.
bugsy-b
Posts: 4,034
Opinion:No Opinion
Price:0.63
Game over ?
13 Feb '15
It would appear that the death tick is audible in the rafters... However this is AIM..shft could well make an appearance in the share risers on Monday.. Good luck to all who are holding out..
riddler
Posts: 81,774
Premium Chat Member
Opinion:No Opinion
Price:0.63
Shan.at
13 Feb '15
Yeah...see posts 3-4mths ago where red flags seemed clear..sorry holders
shan
Posts: 6,092
Opinion:No Opinion
Price:0.63
shft
13 Feb '15
well...as several of us said a while back...this looks bleak.
hope everyone got out in time
458Ferrari
Posts: 5,036
Opinion:No Opinion
Price:1.00
Three
13 Feb '15
lunatics have bought, one just put £2k in at 0.9p despite a sell going through at 0.31p. Masochists
sain@vision
Posts: 7,942
Opinion:No Opinion
Price:1.88
Dead
13 Feb '15
Shafted and sunk
January
Posts: 4,677
Opinion:No Opinion
Price:2.13
if I was still in here after todays
13 Feb '15
RNS just released, I would be getting out quick ! run for the doors chaps !
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.13
Could it be SS have won arbitration
11 Feb '15
?!
sain@vision
Posts: 7,942
Opinion:No Opinion
Price:2.13
Bong Kitty
11 Feb '15
Whats this a dead cats bounce?
itguy2011
Posts: 525
Opinion:No Opinion
Price:2.00
Shaft sinkers in da house!
4 Feb '15
Shaft sink by name - shaft sink by nature lol
sain@vision
Posts: 7,942
Opinion:No Opinion
Price:2.50
Moving forward
28 Jan '15
Well putting the Eurochem issue aside they arent actually moving forward. They are losing contracts Lost their chief executive .The marke tis chalenging and their South African operations are in adminstration Its going to take a lot more than lifting the Eurochem Sword of Damacles from their head to change that.Having said all that treading water seems a good place to be if the case is successful and make the company worth something!
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.50
SHFT
28 Jan '15
This is good for SHAFTas it clears there name and they move forward.
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.50
sorry
28 Jan '15
Separate arbitration proceedings are under way in Switzerland between EuroChem and Shaft Sinkers. In that case, EuroChem claims damages of $800m, alleging that Shaft Sinkers hid a report which EuroChem argues says that the excavation of the mine shaft could not be completed using the technique Shaft Sinkers proposed. EuroChem also claims Shaft Sinkers paid bribes to an employee of EuroChem to cover up problems encountered during the excavation work at Eurochem’s Gremyachinskoe potash mining project in Russia.

Shaft Sinkers was contracted in 2008 to construct a mine shaft at the potash mine, but ran into technical problems. The contract was terminated in April 2012. EuroChem restarted the shaft construction last year using a different provider and a different method from the one Shaft Sinkers had employed, according to Eurochem’s website.

The Swiss arbitration proceedings are secret, but defence arguments made on behalf of IMR in the Dutch case stated that EuroChem had misinterpreted the findings of the report into Shaft Sinkers’ proposed excavation methods and that the EuroChem employee to whom bribes were allegedly paid had a consultancy agreement with Shaft Sinkers which he had cleared with his employers.

Both Shaft Sinkers and IMR deny any wrongdoing. A spokesperson for Shaft Sinkers said: “Shaft Sinkers completely rejects EuroChem’s unfounded allegations.”

A spokesperson for EuroChem said it could not comment on the ongoing court proceedings.
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.50
Shaft Sinkers
28 Jan '15
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.http://www.ft.com/cms/s/0/97f6f3ac-82b9-11e3-9d7e-00144feab7de.html#ixzz3Q7Smsz5K

Separate arbitration proceedings are under way in Switzerland between EuroChem and Shaft Sinkers. In that case, EuroChem claims damages of $800m, alleging that Shaft Sinkers hid a report which EuroChem argues says that the excavation of the mine shaft could not be completed using the technique Shaft Sinkers proposed. EuroChem also claims Shaft Sinkers paid bribes to an employee of EuroChem to cover up problems encountered during the excavation work at Eurochem’s Gremyachinskoe potash mining project in Russia.

Shaft Sinkers was contracted in 2008 to construct a mine shaft at the potash mine, but ran into technical problems. The contract was terminated in April 2012. EuroChem restarted the shaft construction last year using a different provider and a different method from the one Shaft Sinkers had employed, according to Eurochem’s website.

The Swiss arbitration proceedings are secret, but defence arguments made on behalf of IMR in the Dutch case stated that EuroChem had misinterpreted the findings of the report into Shaft Sinkers’ proposed excavation methods and that the EuroChem employee to whom bribes were allegedly paid had a consultancy agreement with Shaft Sinkers which he had cleared with his employers.

Both Shaft Sinkers and IMR deny any wrongdoing. A spokesperson for Shaft Sinkers said: “Shaft Sinkers completely rejects EuroChem’s unfounded allegations.”

A spokesperson for EuroChem said it could not comment on the ongoing court proceedings.
itguy2011
Posts: 525
Opinion:No Opinion
Price:2.50
Hi ho! Hi ho!
28 Jan '15
Hi ho hi ho - to sink this shaft we go! Now lets get this sp sunk lol!
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.50
sain@vision
28 Jan '15
Which side holds more weight to win?
sain@vision
Posts: 7,942
Opinion:No Opinion
Price:2.50
Chirru
28 Jan '15
Surely there is an opportunity for the main shareholder to take control for peanuts as SS is almost a service department for the shareholders parent.The SA subsidary is ringfenced and although assets have been stripped surely the value exceeds the current SP
@chirundu
Posts: 18
Opinion:No Opinion
Price:2.50
Shft
28 Jan '15
As pty under business rescue because Davidov and his cronies have destroyed one of greatest companies..rescue impossible as their are no income ,assets stripped,main skills retrenched,massive creditors and reluctance from clients to do business with current share holders.Ss int no hope of surviving either as none of or few of required skills want to be associated with the major shareholders again the current attempt is let's see what we can get out of what's left!
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.50
Shaft Sinkers
27 Jan '15
This company is one of few specialists out there with these Skills.
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.50
possibility
27 Jan '15
On £17million this can x17 bag.
heaveho
Posts: 1,631
Opinion:No Opinion
Price:2.50
SHFT
27 Jan '15
I have a small inkling that the case by Eurochem holds no water and is likely thrown out. Hence SHAFT SINKERS eecover court costs and back payment.
sain@vision
Posts: 7,942
Opinion:No Opinion
Price:2.50
Heaveho
27 Jan '15
Yes I am in but no confidence.This all depends on whether the 40% shareholder wants to keep the company going .Already the SA arm is in administration.Might as well keep it going til the court case .Whatever happens Eurochem aint going to see a fat lot .Suspect the majority shareholderhas set up their man Davidoff to gearing up to takeover the contracts.I should have hedged a little at 3.5p having bought a few back in at 2p but looks like that opportunity has now disappeared.As your research has revealed the majority shareholder is a heavy weight not averse to litigation and would have no qualms in sinking us private investors as SS is petty cash




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