Member Info for ChazBigspuds

Hello ... echo, echo, echo ... is anyone there?!! This is another share that I'm stuck in for a few bob that I know will come good eventually! With the board looking to maximise the value of their valuable brown-site land for shareholders, the wait to free up these assets is frustrating. The only positive I take from all this is that land prices should only go one way the longer this goes on! One day, we'll see an RNS here and we can all finally fill our boots!

To be honest, I didn't see this drop, as I was pre-occupied with the games afoot on my Braemore shares - never seen such manipulation! Was also keeping a wary eye on AFE and AFC to see whether it was worth selling a few and topping up on the lows, as I believe both will see big increases on 18th and 23rd June respectively. I'm a little more positive about the outlook here though and can see light at the end of the tunnel. Too many shares tied up at the moment and would rather play the game and pick future winners.

Still here!! This institutional shareholder news that you've posted could be positive and I remain convinced that an update on the balance of the insurance money must be imminent. I remain frustrated though that too many of my shares like TXR are forced holds, pending news or in a buyout/merger or have AGM's due. I far prefer to be more liquid and move around as I tend to be more profitable that way.

Yes, but 18.5 million in here as a CFD long trade is a mighty gamble unless you know of or are about to put an offer in!!

It's good to hear that Millenium had 5 of the 18.5 million bought on Friday ... but who sold them?!

Still no announcement as to who bought all those shares on Friday then? Surely it has to come out at some point today, but its a delayed notification, thats for sure! Still can't see how this price has hardly moved and where did these 18.5 million shares come from on Friday?!!

Maybe that bidding war we've all been hoping for is about to happen? As you say, these big buys this afternoon will have to be announced either this afternoon or first thing Monday. I don't hold much in here, but its money thats been tied up nonetheless and I'd like to see a return on it at long last!! Should be a good start next week, so good luck to all suffering of late in here!!

How can we have 18.5 million buys in such a short space of time against 30,000 sales and the price barely moves a jot? Should get an announcement as to who it is soon and lets hope its someone other than Black Sea Global building up a holding!

I'm not in here for much, but this is the second takeover I've been sat in that's been disappointing of late. Maybe its an indication of the market today that companies with cash on hip see these times as an ideal opportunity to steal others that have not faired to so well? Before Black Sea Global came along, RTY were talking of having interested parties in the plural and with large shareholders in here at more than 6p, you'd like to think a bidding war will start next week, Oh well, another share that I've got to sit and wait on!!

The time to worry is when the big boys are selling out, so its encouraging to see all these big companies retaining and/or adding to their few percent here. This continues to be just a waiting game now, but many are getting bored and the MM is snapping these up for a song in anticipation of the take over. We'll get there eventually!

After all the small sales here of late, its encouraging to see someone lumping in with a purchase this afternoon of over 111,600 of these to give us a 10 to 1 buy to sell ratio today. If I see a few more buys like this, I'll start to think that the announcement about the balance of the insurance payout is about to be announced!

I like to spread my shares around various sectors of the market and its kept me in good stead, but TXR remains my only real disappointment at the moment. I was really hoping to see some genuine return on my investment by now, but its slowly dropped back. Thankfully, I'm not in here for much, so am only down £150, but I'm loathe to cut my losses and sell, as I genuinely see possibilities here. As sundancer says, the outlook is reasonable, but quite frankly, the only short term hope on the SP is getting the rest of the insurance money in! Thereafter, you're waiting for D2 to get back online and metal prices to return to a decent level. After my recent series of communications with TXR, I just wonder whether the board has the ability to change the fortunes around here. Frustrating.

IMHO, I genuinely believe that this one will come good, even if there isn't a take-over. If the board can just continue to manage its debt and navigate their way through the recesssion in one piece, then they have some sizeable assets (worth several times the market capitalisation) and some solid dependable rental income too. We all know that the property market is looking to turn, and I firmly believe that this sector could be very popular with investors in a few months time. I can't believe how cheap some of these real estate shares are at the moment against previous highs.

Back on 30th March, the Rutley Board announced that it had received approaches from third parties (notice the plural) and on 17th April, Black Sea Global are the first to stick their hat in the ring for a potential take-over. I don't profess to know the legalities, but I understand from more learned contributors to these boards that we should hear something around mid-June. Not sure what's caused today's drop as trading has been in line with previous days. The MM continues to pick up a few thousand of these each day though, but they must have shaken out most who will sell by now - only around 34,000 were bought (for £2.6k) and 188,700 were sold (for around £13k) today. I've got 3 shares in this position at the moment, and all of them are getting mighty close to my buying in position. These things never go as quickly as we shareholders want, but when they come off, you can really fill ya boots. When they don't, you either sell up for a small loss, or hold and tell all your mates its a long term investment!!

Trade Date Time Price Volume Type Consid. 04/06/2009 15:24:24 7.39 6,974 O £515.38 04/06/2009 09:22:40 7.89 25,222 O £1,990.02 04/06/2009 09:39:46 7.00 1,500 O £105.00

Like you, I also see value here so of course, I don't just buy a share because a Board communicates well - I just expect major issues to be reported to the market that's all, but TXR are not alone at being poor communicators. Mind you, it can go the other way too as some boards communicate too much. The worst for me in recent times was the board at DISL. The share price doubled almost overnight for me there and I saw it as having pretty good potential so didn't profit take. Then the board would come out with the worst worded press releases in history one after the other and the price tumbled - thank God, I got out just in time, but only with a £20 profit in the end! Honestly, all the time I was in that share, I was practically praying for no news, because they seemed to shoot themselves in the foot no matter what they reported! I may still bail here though as I see better opportunities elsewhere.A top up on BRR and a few others who look really cheap following recent drops look appealing.

Its heartening to see there are a few of us on here, but I must admit that TXR's Board has given me the right hump of late! I just don't think they've got their priorities right and not keeping their shareholders and the market in the loop is unforgiveable in my eyes. The matter of fact emails that I received about Zurich's settlement shows contempt, but just look at what TXR consider more newsworthy instead of receipt of this enormous cash sum ... they've appointed some 70-year old pensioner as a non-executive Director ... err, thats it for news for the last 5 weeks form TXR!! Hardly inspiring is it, but lets hope that new boy Francois can help chivy them up a bit, because I'm sorely tempted to bail here?!

No, they chose not to disclose for a reason - both parties have clearly compromised and negotiated a lesser figure than that claimed just to get a settlement. That's fine (to a point), but I just want to know why the board have chosen not to communicate the receipt of such a large sum of cash to the market (given that it must amount to a sizeable proportion of their entire market capitalisation) and just what their progress is a month on with the other claims and their plans for D2. I don't think thats asking too much.

Despite the Zurich cash settlement being on a non disclosure basis, I still feel the board should have given a formal update about its receipt and what they're doing legally with the other insurers if nothing else. The only hold up on the other insurers settling will be a dispute on liability (which should be hard to defend given Zurichs settlement). As to the amount TXR and Zurich settled at, I'm pretty sure that the other insurers will have a fair idea already given the way that the insurance market works. As I've said on this board previously, I got an email confirming that they'd received the Zurich cash, so that sum (however much it was) is currently sat in TXR's account earning interest. It surely must represent a fair proportion of their market capitalisation, so if I do decide to hang on to these shares, I'm sorely tempted to get along to their AGM next month in Holborn and ask a few questions - its only half a mile away from where I work.

Whats going on here this morning with all these multiple little sells? Never seen anything quite like this before on any of my other shares -can anyone explain? The only positive of this small drop is that GFRM has finally found some support and a few decent buys have now gone in. Hopefully this will rebound a bit this afternoon.