Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hey there Schofield ! Good to hear from ya Seems a bit twisted this timing doesn't it? Merry Ferkin Christmas! I'm sure the arbitrators will be having a lucrative and very jolly Crimbo though. I still cant get my head around the time it takes to make this sort of decision. If, on the face of it, the arbitrators have decided there was minimal damage from 2006 and 2009 tax attacks, this surely is a few weeks job. There they sit in their Ivory Towers , heads snuck in legal books, attending talks and plush dinners, oblivious to all around..what a job Ruby, if you're there...Hope you're still able to shop at Harvey Nics and my lips are puckered !....Mwaaah!
I was only in for 20k shares at 3.5p because of the risk. Still stings though, and stinks somewhat. What was the "extremely confident" phrase all about. No individual is to blame, whole thing was at mercy of a tribunal, however, some of the clues/hints seem to have been a bit misguided. If I get a hundred quid back I may just blow it on the next lottery rollover. Feel terrible for anyone who put their shirt on this. How to end up with twenty grand on AIM-start with a hundred grand. Merry Christmas all
Mikebassetts thanks.. I think the only general lesson is to take some profit when possible and take what CEOs say with a pinch of salt!..and don't get carried away with message-board hype. For myself, the lesson is to believe in what I research, plus gut feeling, and stick to it..More discipline. When reading the annual reports I'd picked up clearly that Oxus had lost only a few million due to the Tax attacks in 2006, then recovered. It had no consequential effect really. This was all there in Chairman's statements. They then went on to blame the 2008 financial crisis for lack of RBS funding. It was all there in print. Kicking myself I'd sussed it but jumped in again. As with most investors, I was carried away with greed - or more not wanting to miss something by being out of it. So my lesson to myself is to be more disciplined with money after a decision has been made. not sure whether I can stick to this though! Note to self: Cash, You're a total N0b!!! (Beats own face up)
will be good if machinery can be sold and generate some cash. maybe worth 2p thats alone?
been out of the country for a few days xmas visiting thing only just found out gutted I have made a fair bit over the years but still taking a potential £10 grand hit I think the only thing we can hope for now is either a sale of assets that might give us a fraction of or investment or at best oxus is replaced by a new shell like Tern and again our shares are converted at a pittance but would allow us to re invest in the new shell and a chance to get our cash back incredible result given the backing we have been given i feel very sorry indeed for all those who had faith and have now lost money in this share whether its a couple of hundred or many thousands its a very sad day poor old Gibbo is going to have a hell of a xmas wouldn't want to be a fly on the wall when his Mrs finds out as for our friend Mr Onion there may be no love lost but i do feel sorry for the guy he has lost money as well which will impact on him one less lady boy at least so i do wish him all the best anyway Petty on the upside if we can get Ruby back on here you may get a sympathy s**g
RS and the bod is responsible for this. They have got it completely wrong, how can you have 'extremely confident' and then have the case dismissed. Something very strange here Thoroughly disappointed
petty-one day i would like to buy you a drink,that's if i ever recover from my losses. there's a lesson in this,i just hope i learn from it..
The ruling should be out tomorrow, now that the regulatory disclosure has been done. Bit of light reading over xmas.
think the main problem here is the lack of openness in the system, so you can';t really make an investment decision based on sound knowledge; it has to be a gamble. Only knowing the Oxus side of events gives a false sense of reality, and although it made some people feel all warm and squishy inside, it gave a totally slanted view of circumstances. This UNCITRAL lark is a bit of a joke, because we don't get to se any evidence - unlike in the Churchill Mining case where things are a bit more open, so a firmer judgment on investment can be made. All we've had to go on is Shead saying he is "extremely confident" and Gibbons holding many shares. If we'd been allowed to see some of the Uzbeks counter-case then maybe some of us would have invested differently - or at least had a fair opportunity to. Eg, if we knew that part of the Uzbek case involved some corruption on Oxus' part we'd have had alarm bells, or if we'd have been given evidence that the Chinese were'nt happy with Oxus etc etc we could have invested accordingly. But not knowing anything puts us at the mercy of a closed system, with an old-boys network, and at the mercy of our CEO's statements of "Extreme confidence" We'll see whether RS was full of sh*t or not, but it was interesting that our first lawyer Robert Amsterdam was binned off in the early days. One last thing NOBULL - I hope you're okay, and pull around from this. No-one put more time and energy into trying to reach a conclusion. and Vlad, many thanks for all your valiant efforts too.
they are more of a gamble than investment on the aim, I should have had my money on any team at any time to beat aston villa ,,, :-)
That's right, because everyone makes their own investment decisions. My point is that the tribunal has ruled that the Uzbeks were correct in their actions and Oxus were not. And if Oxus were at fault, then responsibility for this falls firmly at the door of RS. I don't anticipate the ruling to be published anytime soon. From what I've seen it can take 12 months or more.
"who bought in"
Richard shead is not to blame for anyone who but in thinking this was going to be easy money,
when I bought in so for me it wasn't an investment it was a gamble, I could have walked away with double but like most gamblers im in until the end, win or lose, them are the breaks.
If anyone is to blame here, it is our leader Richard Shead. The running of the Company is his responsibility and his alone. We lost to a corrupt regime. Doesn't say a lot for us now does it.
talking about someone else's personal finances and situation is inappropriate on a public forum regardless of the anonymity of their nickname. Its one thing someone offering up their own personal circumstances but talking about someone else is not good imo... It's not nice when the chips turn and the boards end up like this but money (especially losing it) always creates bad vibes
Find me I'll help if I can
We all need balls in this game. If u wanted help with your decisions that's your call, this is the brutal world of investing , if u didn't know or understand your gambles could turn to crap then u should really be into end of the màtket. I thinkCam only tries to make people gain money not lose it, being in oxs was surely your decision after reading the facts
Is he cleaning diamonds or what???
Oh dear I'm sure cam knows how to cover the aris
What now? just leave the shares sat there and they will be revalued at nothing after Suspension? Or set up a sell order and take what we get? But I guess no one would buy them. Do we just write them off and accept they're worth nothing? This is a bit of a painful lesson, just lost £6k, most of the profit I have ever made in AIM! Not the best start to Christmas!! Huge sympathies to everyone invested here, I consider myself v lucky to have sold out half on the spike, hope no one has taken too bad a hit.
Is totally illegal, especially when he charges for that advice. You will be able to claim for damages mate, and the joker will get sorted by the FCA Imo, thing is they will dig deeper into his posting. He was posting on BNR weeks before RNS desperate to get an entry, and then starts slating the company when he doesn't get the right price. My point is he must have known what was coming.
You paid £4.5K into Camkites account? Surely I am misreading this- am I?
He did the research and let people know about it. Surely it's each of our own decision whether to go with it or not. I made a loss here but it's nobody's but my fault for investing. I pressed the buy button nobody else. Sad day on aim and probably me taking a break for a while but sure I will be back at some point to play again.
Fair shout !