ummed at ahhd at gone 4 last night as they had big rise yesterday...glad I went and jumped on board. Was in AMA last year and got out at right time thankfully. Have been watching it since mid 60s fall. Test for AMA will be 40p I think. Def one to watch tho.
SHFT is tricky to call wi EC but I aint worried I am 25-30% down from my avg. If breaks 50p this shld get quick leg to 60s. GL
I was tempted to buy more (avg 55) but plumped for Amara instead. Would not have regretted coming in here but already top heavy in here. Should def test high 40s soon, hope to break above 50p. Full year report due on 19th April. Good/bad....who knows, tho the market will do what it wants whatever it says!
However, Eurochem's actions do seem petty and oafish. They must know that their claim dwarfs Shaftsinkers' entire value. Even if SHFT liquidated its assets in an effort to appease the claim there would not be anywhere near enough cash.
Perhaps it is one last stab, ensuring it has the last laugh. I'm not sure. But Eurochem can't possibly expect their claim to be met because it simply isn't possible. And if they aren't expecting repayment, perhaps they are trying to just get back at Shaftsinkers. EUR see it that SHFT has materially impacted the value of their company, so EUR do something to materially impact SHFT's value. They've done a good job.
Maybe it's all hot air after all.. Or maybe not and EUR want to dog SHFT to the end?..
547Trader, I agree. Wading in now could be a mistake. My concern is that this action could go on for years, the bit that worries me is that construction projects are very complicated, and high risk. Too many unknowns, e.g. ground conditions, and contract clauses that have not been tested........... It may come down to expert witnesses, and a view of what is reasonable..... That could be a long drawn out affair..... I wouldn't be surprised if each side thinks they have a good case.
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