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Correct me if I'm wrong, but haven't Matra already started on phase 3 once phase 2 was completed? With the RNS just correcting some issues in phase 2. Surely they would of stated that in better English rather than 2nd guess.
It has been suggested that this will re open at the same price it closed at from the start of the suspension which is 1.025. Although no one can be sure what exactly will happen upon re opening of the share price. Some have suggested it will actually drop in price once it re opens. Some think it will re rate and open up way above there current price. Then you have me who doesn't give a flying whatsitcalled just as long as the share price grows enough over the current year to sell up and ride into the sunset on my memory foam mattress....... RNS reads good, looks good and feels good which is good enough for me, see ya mid April.....
I'm no expert but I will fill you in though. No you do not have to be worries about your investment. MTA is suspended at the moment at there request while details of a purchase can be filled in. There are 3 phases in this takeover / purchase and today or roundabout today is suppose to be the end of phase 2 and the start of phase 3. Its expected that all the phases will be complete by mid April and when MTA produce the Admission Document on the said purchase MTA will then re open and become un suspended. The stuff going on with UEN is nothing to do with MTA, but our man Maxim as fingers in other pies. Some are saying hes after merging MTA with UEN but nothing is being said. So I would not be worried at all. Infact its exciting times for MTA and over the next 12 months there should be more exciting news and hopefully a nice rise in the share price. Hope it helps you out.
Any possible merger with Mr. Bosov’s Prizalivniy venture will, in the opinion of the Board, be at the expense and to the detriment of Urals Energy and its shareholders, followed by serious overall dilution and destruction of value. The recent claim made by Fire East in a letter to Urals Energy shareholders dated 10 January 2014 that Prizalivniy has been sold and thus its merger with the Company is impossible only points out to the fact that Fire East is in close contact with Mr. Bosov. The Board believes that the possibility of this merger has and still is high since it considers that Mr. Bosov would not be interested in Urals Energy otherwise.
The (now) two individuals proposed to replace the existing BOD/management, both have apparent conflicts of interest with their main jobs. In the case with Mr. Barsky he is the CEO of Pechora LNG, which is going through a difficult stage and requires all his attention to continue as a going concern. In parallel he is also the CEO of Matra Petroleum plc, which also requires a significant amount of his time in order to be successful following its recent acquisition in the United States. Mr. Barsky will no doubt be stretched and therefore will, in the opinion of the Board, not be in a position to devote sufficient time and energy to Urals Energy. As for Mr. Kolleck, in a conversation with one of Urals Energy directors, Mr. Kolleck said that “he is doing this only as a favour to Mr. Barsky”, which, in the opinion of the Board, hardly justifies the decision to enter the Board of an unknown company with difficult assets to manage.
Do I bother going to the trouble of copying an pasting of the FireEast document some 11 days ago ( 9 pages back) for everyone to ignore, but yet gets attention for this same document linked today? I know I know, I'm just a nobody who doesnt know anything.........
Reading back through the last couple of pages or so..... I thought there was something going to when I read what Stav posted from the other BB. But once again Ultra steadies the ship with a good find re the date of that RNS. Out of curiosity, if and when we open again and it does the spike of all spikes with the market liking it very much would anyone think of selling up straight away or not? Just a total off the cuff figure of say 6p on re-opening would any of you bail out or sit and stay regardless? Its a hard one for me and hence why I asked. If it opened at something like 3p I would stay in for sure. But 6p I think is my 1st base, 5p could well keep me in to but any higher and I would seriously sell up. Whether I top slice or not could also come into it as well.So thoughts please so I get a sense of what others are looking to do. ps. That figure as nothing to do on how I see it once we re-open. It could even stay the same price with just a 10% spike. It doesnt matter, its just about your thought. Speak soon peeps
Recommend your post just like Stav did. Once the market is open I will close out my holding and take that big loss. I mean I still have some cash left from the sale, although not worth much. What plans should I be looking at next? Please Please share your knowledge, and make me rich. Although hard to do I need just to say this about my previous post regarding UEN. Has anyone got any thoughts of the RNS I copied from UEN. It mentions Maxim hence why I thought relevant to post. Overall though it doesn't damage Maxim. He according to the RNS was just the guy who approached with proposals concerning the acquisition of Prizalivnyj license on Sakhalin Island (which is owned by Pacific Oil Company). Stav, forgot to say thanks in my previous posts re the flights to Dubai for me and my partner should MTA reach what was it ? 6p did you say.. Come on MB now deliver please nice sir :0
Hey fella, yes I got to agree with you. I do think its obv going to take even more time, and like I say my life begins in not 2014 but yes 2015. So in more ways than one just 12 months to lock and load. I believe the 4p estimate now to be way off the mark. Looks like by all accounts I should sell up ASAP like lucky big states, but I think I'll take my chances with our Maxim and stay put. I mean how bad can it get huh? Cheers Stav, and all the best to you to fella.
• Fire East Corporation and its backers intend to take control of the Company without having to make an offer for all the shares or make any other commitment to the Company or its shareholders. • The Board believes that the appearance of the alleged debt repayment agreement is an attempt to blackmail the Board and influence Urals Energy shareholders. If allowed to vote, Mr. Rovneiko will vote "for" the resolutions. The Board believes that if the resolutions are approved the new board will waive the US$7.5 million owed to the Company by Mr. Rovnieko. Do you really want to side with him? • Voting AGAINST the proposals is the only way to protect the rights of all shareholders. Board Recommendation For the reasons listed above, the Board unanimously recommends that shareholders vote against all the resolutions proposed by Fire East Corporation at the EGM.
Shareholders will note the announcement by the Company on 16 December 2013 that its Moscow office had been visited by the police and that certain files had been removed. The Board has reason to believe that this visit was a crude attempt by certain parties to intimidate the Board into acting against the best interests of shareholders. The Board are continuing to try to determine the reasons behind the police visit. The Company announced on 19 December 2013 that the potential offer for the Company by an unnamed third party would now not be proceeding. The Board believes that the third party's reasons for withdrawing are, in part, due to the uncertainty created by the alleged debt repayment document and the recent police visit referred to above. Key Reasons for the Board's Recommendation to Vote AGAINST ALL the Resolutions No Strategy • The remaining requisitioner (Fire East Corporation) does not possess a strategy for the Company, as was set out in a recent statement by them, and has little knowledge of the Company and its operations. • Voting in favour of the resolutions will: (i) undermine all of the current management team's efforts of the last several years to cleanse the Company of its legacy issues; (ii) risk the Company's current stability and future progress; and (iii) will result in a major upheaval at the Company with the risk of the departure of key technical and operational staff. The remaining requisitioner is planning on using the Company to acquire a high risk asset and dilute existing shareholders • Mr. Bosov (whom the Board believe is connected to Fire East Corporation) has previously, in 2010 and 2013, approached the Company (through Mr. Barskiy) with proposals concerning the acquisition of Prizalivnyj license on Sakhalin Island (which is owned by Pacific Oil Company). These proposals have been rejected by the Board as not being in the best interests of the Company's shareholders. • The Board also believes that the 2013 proposal, which also proposed a merger with Matra Petroleum plc of which Mr. Barskiy is the CEO, would not protect the minority Urals Energy shareholders. • An Independent recommendation on these proposals led the Board to reject them due to geological and financial risks. • There is a real danger that shareholders will have their interests in the Company significantly diluted if the Resolutions are passed. The Resolutions proposed are not in the interests of shareholders • Fire East Corporation and its backers intend to take control of the Company without having to make an offer for all the shares or make any other commitment to the Company or its shareholders. • The Board believes that the appearance of the alleged debt repayment agreement is an attempt to blackmail the Board and influence Urals Energy shareholders. If
Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, announces that it has today posted a letter to its shareholders setting out the Urals Energy board of directors' (the "Board") reasons for recommending that shareholders vote against the resolutions to be proposed at the Extraordinary General Meeting of the Company's shareholders to be held at 11.00 a.m. (Cyprus time) on Monday, 27 January 2014 at the Evagoras Building, Office 34, 3rd floor, 31 Evagorou Avenue, Nicosia, CY-1066, Cyprus (the "EGM"). The Company posted a notice convening the EGM on 25 October 2013. The letter is currently being sent to shareholders and will shortly be available for download from the Company's website, www.uralsenergy.com, in accordance with AIM Rule 20 The letter contains the following statements: One of the requisitioners is no longer a Urals Energy shareholder Of the two requisitioners (the one that was the most familiar with the Company's operations), Alpcot Capital Management Ltd, has sold all of its shareholding in the Company. Mr. Torbjorn Ranta, the representative of Alpcot Capital Management Ltd on the Board has resigned and left the Board. The shares owned by Alpcot Capital Management Ltd have been acquired by Adler Impex S.A. ("Adler"), who have recently announced that they are the beneficial owner of 25.08 per cent. of the issued share capital of the Company and that they fully support the existing management team. Petraco Loan has been repaid It was announced on 10 December 2013 that the loan from Petraco Oil Company to the Company has been repaid in full and Petraco Oil Company's charge over Arcticneft, one the producing assets of Urals Energy has been released. Alleged debt repayment agreement On 21 November 2013, the Company announced that a company owned by a former director of the Company, Mr. Rovneiko, has claimed that it is owed US$41,652,000 pursuant to an alleged debt repayment agreement. Following an investigation conducted by the non-executive directors of Urals Energy, the Board has concluded that Urals Energy has no liability under the alleged debt repayment agreement as the Company had not entered into any such an agreement and the alleged debt repayment agreement itself appears to be a forgery. The Board also believes that any attempt to use this forged document by Mr. Rovneiko, and/or any other party, directly or indirectly, constitutes a detrimental action against the Company and the interests of shareholders. Your Board believes that it is no coincidence that this alleged debt repayment agreement appeared shortly after the requisition of the EGM and following assertive attempts by the Company to enforce the decision of the Court of Arbitration in London against Mr. Rovneiko in several jurisdictions. Shareholders will note the announcement by the Company on 16 December 2013 that its Moscow office had been visit
I see your now going all soft with your comments about Ultra. He's not actually going to change and carry on has nothing as happens is he in all serious. You made your bed you got to lie in it so to speak! Too many burnt bridges me feels, but meh it's not my argument... I personally like you, and the way you go about your business, but I'm not intelligent enough when it comes to shares and everything else to do with shares or I would argue the t0ss till the cows came home with you.... I also like to think your barking up the right tree when it comes to the bigger picture and very excited now about where we are going. With that in mind, what's everybody else feel about where we could be if all phases go through and in respect of the latest rns news. Could we possibly open at 4p or even higher? Thoughts people. I hope life is good in Dubai Stav, and once I'm better I wouldn't mind an invite sometime??? Happy new year peeps
I come on here not expecting to hear from the company to do the best wishes an all and then go through my emails and spot the alert from The company I signed up to which alerts me of Rns's when they arrive. Interesting knowing you can trade outside of the company so to speak, and interesting that they sold out in the middle of a suspension in all counts that should re rate when reopened. But like Ultra states we may never know how much they traded for and it's nothing to do with MTA. Maybe Tricon offered Delek above offer price which was to good to pass up and like mentioned it might now not be in Deleks best plans to take the " risk " now we have gone the way we have. Or yes it may be they see it as being too risky overall and ditched it. But I like the first option that they were offered too good of a price inline with reducing there risk factor. But it beats me why you would give up 8% of a company that in all likely hood will increase in share price once suspension is lifted. But hey oh, WTFDIK..... Nice to see people coming out of hibernation though to respond on the RNS. oh, and sorry I can not treat other posters like ****e who have shown me compassion previously. So soz Stav I will remain polite on this BB. After all, I'm now regarded as a southern softy having left Oldham 10 yrs or so ago to live in Surrey, where yes we was on the TV last week by being 5 foot under water in Leatherhead! Bath time, ohhh the joys x
I read I watch I learn from all the nice people on this BB. This company is going places for sure and it's all about being patient. Maybe 2014 is about just that and I realise now Rome wasn't built in a day. I'm holding here now until at least double figures. Maybe that's pie in the sky to some but I'm not going anywhere fast. I've said before my year begins in 12 months time and now in more ways than one. I want to wish you all a great new year, be safe and god speed.... Plaza
To mike for your kind words fella. Not looking forward to the next 12 months but meh needs must. Even just to reduce 50% of my pain meds is going to take a full 10 months, but it's the introduction of the gabapenten (unsure if correct spelling, but that's what it sounds like) that needs to be carefully balanced. If not then I would be screaming in agony because any reduction in pain meds will have an effect. But too much of the new med combined with old meds could have serious health issues with over dosing, ohhh the joys! Hatman - thanks for you advice to a total stranger. With regards other alternatives I have been there and brought the T shirt home with me. Because I knew what the long term damage could / would have on my body I tried everything before I finally had to give me and accept I had no other choice. I knew my life would never be the same once I started taking the pain meds. No more drinking, depression, lack of lambedo just to name but a few. What's that common joke, a prostiute as had more pricks than a dartboard!! Well I can beat that with the amount of acupuncture I had..... But thanks anyways mate. So I'm going to chill out for a while now. It's unfair to clog this board up with my health issues, and I'm sorry if it's got to you. I'm going to take a break now like I said and not check on my portfolio or BB. Everything is in place now and it's just a matter of waiting. Just needs for me to wish you all a great Xmas and here's to a great new year and I'll see ya on the other side ( that's 2014 not life after death)
I'll finish off with a off topic, and for those wanting to follow my illness / disability. I went back to the hospital a couple of weeks ago in London, basically to chat about the failed trial of spinal cord stimulation. It was surprising to hear that my case has been passed onto some new pain management team. Straight away they told me what they wanted to do, and were not going to stop until I had a better quality of life back. No matter what the cost was! So was pleased to hear that. I wasn't pleased to hear that I've been on the wrong medication for almost 3 yrs though, and all these nasty side effects could of been avoided..... That didn't go down to well with me, but again what can I do about it now. Basically I was given pain relief medication because yes I was in pain, but no one failed to spot that my pain was caused by nerves or nerve damage after the very first op I had back in 2009. But there are some really good meds apparently that stop all the nerve damage pain, were has the pain meds try and kill the pain, but don't do it 100% regardless of the doseage, and of course the higher the dose the more extreme are the side effects. So because I've been on pain meds, it's going to take 12 months of slow reduction in pain meds because of the dependancy my body as taken to them, while slowly introducing this new nerve drug. There also requesting I have more MRI scans to see if further operations are an option, if not then it's a 4 week stay in hospital once I have halved my pain meds by 50% and basically while in hospital they teach you how to deal both physical and mentally conditions for the rest of your life. I'm guessing some kind of rehab. So it looks promising, the new meds I'm told have fewer side effects, and hopefully they stop the pain by killing those nerve endings, which in all likelihood is the reason I am like I am. I still have 12 months from now before I fully know if I'm in a better place or not, or whether I still need to reserve my place at Dignitas in Switzerland for assisted suicide!!! Roll on 2015 is all I can say,,and let's fly through 2014 plzzzzzzzzzzzz No animals or children were harmed doing the typing of this message :0
Hey fella, I'm afraid I didn't have any spare cash lying about, so I missed out on the TRP. But it looks like your onto a good thing though! I decided after this week just gone I would have a little shuffle regards my portfolio. I took out FRR, MARL and SOLG. All have great futures but I got sick of waiting for the great news on all three and I decided that the price is / was just to high for any multi bagger short term. Yes it could all back fire, but meh that's the chance ya take. So having dropped those 3 I loaded up on ECR after the price had crashed from 0.70 ish last week to 0.40 ish this week. I didn't manage to find the bottom but 0.46 wasn't to bad. I feel it's got the great potential to multi bag over a couple of years, so that is what I'm going to do. I keep saying I wouldn't keep tabs on my portfolio on a daily basis, but I can't resist though, but defo going to be try and be a bit stronger. I also took a punt with company I mention lower down the board for a grand, and that's another bottom draw. But after reading the feedback from a rns on BNM I think it is from memory, and the rns was released like at 10-50 am you had a chance to act on it before it really took off. Anyways I read some more and how amazing this news was and also it wasn't the great news there also expecting I jumped in blind. I didn't want to miss the boat so to speak, and I used my last £2k and bought in @3.90 at full ask, and then watched it grow something like 30% over the rest of the day. Over the week I almost managed to double my investment when it hit 7.40 ish before just falling back to currently 6.90. But yet again, I think it's worth holding now and after reading up eventually it's got a huge potential based on this rock. So that's it regards me now and my dealings. Obvious MTA is still my retirement when it arrives, but I'm a bit more free now and can afford to leave all my p/f untouched. But thanks again for pointing me in the right direction, and if you do hear of anything else, please let me know and I promise to write it down so I don't forget...... But 200% profit for you currently you must be chuffed to bits. I read on another board on this forum that our friend Rich was involved in a very heated debate, way better than I could manage, and unsure if he got banned or not for it. I haven't seen him around this week either, so it would be pleasing to hear from the old chap!
Yes I was aware of Moshen and the money, but considering the default amount the share price didn't really nose dive as first thought. Also the price now is post Moshen. Like I said on first post, it's just something I happen to stumble across and when I checked it out and found the people running this show and there contacts it reminded me when our very own Maxim took over. It's now a share to keep checking daily but indeed placing in the bottom drawer especially at this price and coming back in 2 yrs time to reap any rewards. For me anyways it's worth a punt based on who is on the board and what's been done previously, and I'm defo not going to keep on about it. This is the Matra board and I shall say no more on the subject, well apart from a 2 yr update..... I guess no news is good news re MTA. I mean with nothing else to report on. I'm guessing this deal will be very time consuming and all efforts will be on this deal making and making sure everything is accounted for and whatnot. Still kind of excited just thinking about what sort of price we will open at, and with the current price of 1p it makes the maths very easy. Ideally I would like to see 4p, it gives me back what I am down overall since I started this two yrs ago. That's with companies that have gone under and me losing cash when they have gone under like Game and HMV to name just a couple. Any more than 4p and of course depending if we complete all of the deal would see me turning a profit. I'm still in a few companies with great potential, but at the moment almost all my cash is now tied up, so I could do with one or two great rns to set them flying so I can re invest on the next great thing! Enough from me for the time being peeps.
I have never done this before and i do not intend to do it again. But cos I love you all I am going to write about something I have just done. Its up to you of course if you choose to ignore this information, but I am going to say this only once ( Hello Hello ) I have heard on a certain grapevine and also because its my neck of the woods as well, that a little unknown company currently trading on AIM at 0.22 is very very near in releasing some information that will blow it out of the water. Now of course we have heard all this before, so I therefore recommend that you read up on the people behind this little company yourselves. But I will say that the EC started up and sold out a company previously from scratch to £300 million in just 12 months. Also on the board is the brains behind the now £1 Billion company called Betfair ( in which I use daily :( ) Upon research you will also note that the company have the right contacts in this field. It is just something to consider while we are suspended at present in MTA, But some research while twiddling your thumbs waiting can not hurt can it. And whats the worse that can happen..... Exactly you ignore it and then gloat when I tell you in 6 months time I wasted a grand :0 Or maybe just maybe they do go on and sell there shares into a big corporation for £10 a share again........ I guess it would help if I told you the name...... Concha PLC Worth a read of anybodies time...... Sorry for the off topic if offended by my post, just didn't want my friends to miss a trick is all.