Member Info for extracover46

How does one get access to the share register to be able to prove that it is Kopore that is selling their 35 m shares (just 3% of the issued share capital of ARCM)

Europe shutting down slowly.

Covid and all sorts of restrictions in Europe bound to increase short term selling as mobility freedoms impacted?
Can't recall what % of sales emanate from Europe but this might have bit further to drop.
Have been in and out as it were!!

Hi f29
Appreciate your detective work.
I've been trying unsuccessfully to find my way around/navigate the court pages you mentioned today.
Do you have a link-so that the more there are of us that are fully loaded with the facts then this helps to mitigate the troll elements lurking around the place.
Thanks and keep up the good work.

kenj
OK-we aren't really all that far apart.
I've been a LTH since around 2009 if (failing) memory serves me correctly- distinctly remember buying a few back then on a massive spike around 9 p in old money prior to subsequent, massive dilutions etc.
I tend not to contribute much and definitely avoid the petty point scoring which occurs on many of these BBs.
Without getting too academic about it this is a really interesting case both from an environmental and geo-political stance.
There appears to be still some latent sympathy in Slovenia with Russia and using their gas plus the strong environmental movements in Slovenia would like nothing better than for AST just to get the hell out of their country.
Agree re lawyers getting their pound of flesh in first, but it may yet benefit AST if they were able to agree a sliding scale-so that anything over a certain amount in compensation would tend to benefit AST rather than Enyo-but then again what do we know.
Interestingly (or not) Petrofac (PFC) -and am not a s/holder btw- had to pay our SFO 's lawyers costs of £7m . I guess Enyo's top drawer city lawyers would have charged a bit more than this? Again -a cost figure just to set some context?
Here's to another RNS in 6 months time ??
Cheers

Selective editing of what I said earlier.
I am fully aware that the 25% cap applicable to bog standard UK cases is not strictly relevant-all I was trying to do was to open up the debate to see if anyone had any data from past cases that had been resolved and had sufficient detail to work out what the lawyers' take was. We are all in the dark and quite rightly so as AST has no need to reveal to us or anyone else what they have signed up to in terms of fee arrangements or whatever else they have been in dialogue with Enyo over the past several months-which also adds to the frustration of LTH's and also those with long held suspicions about the company.
Good evening

Have just taken my GP prescribed pulls to help me think straight and apologies for consecutive posts!
1.If we accept that there are powerful govt and pressure group elements in Slovenia that would happily see the demise of AST then what better way of engineering such an outcome would be for AST to reveal via an RNS its own commercially sensitive agreement with its own litigation lawyers. Saying nothing at this stage is the best strategy and I cannot for the life of me imagine why you would want to tell the whole world what was in your deck of cards (to use an analogy).
2.If you reveal how much/% you would be likely be getting (given a successful outcome) immediately puts the ball in your opponents court-don't forget they will also be trying to both defeat the claim and also be working the final penalty downwards at the same time. Don't give them the chance to do their own risk/reward calculations at your
(the claimants )expense. They will have a pretty good ball park figure of the likely expenses that Enyo will have incurred and if they want AST to get nothing or diddly squat then they could offer an appropriate amount accordingly almost at the beginning of the process.
3. One outcome could even be a hefty award with the condition that AST gets out of Slovenia.
!!

May not be the case here involving businesses and governments but generally I thought that no win no fee was capped at 25% in UK- i.e for your general personal injury/compensation claims etc.

Have a look at Netflix's take on the unsolved murder of their PM Olof Palme in Feb 1986- "The Unlikely Murderer".
Seems from this (fictional account) that the police also struggled to make any key decisions at the time-ring any bells??

There was a £21 k buy at 08.27 today apparently!

Agree-its a gravy train but how about some guesstimates of the risk/ reward factor as far as Enyo is concerned. Let's say Enyo spends c 15,0000 hours on the case and they put their internal specialist lawyers cost at £1000 per hr then that equates to £15 m. Don't forget that juniors will also be working on this doing much of the lower level prepping/donkey work and they will be logged at a much lower internal rate.
Even if they settle on a figure less than half the £100 m claim there is still more than a few crumbs left over for AST.
As I said no-one knows how many hours input will be involved but does anyone has chapter and verse on similar cases with a documented outcome-probably unlikely as Enyo won't disclose what they get out of these no win no fee cases. But I suspect their reward will be on a sliding scale anyway depending on the final settlement.

Well I'm sure your beady eyes are already on it!

I think that many- including our deluded teen from Sweden- adopt an uneducated and rather generic approach to coal. The difference between the soft lignites and the hard anthracites in terms of pollution emissions is quite amazing-but then again what do I know as I barely scraped a pass in O level Chemistry.

On the 18 th this month.
Usual dcking about with the price around this time as big funds start to play around with yields vs capital growth?

35m shares represents just c3% of issued shares according to last RNS if anyone cares to do the arithmetic -no big deal!

Good RNS but MMs hoovering up stop losses on the cheap to allow others to mop up when it re-rates.

I think that with the growing influence of the ethical hawks as far as fossil fuel extraction is concerned Kurt should be banging on about the high grades BEM is offering.
Perhaps he is but minds are closed and none is prepared to listen.
Lots of Sami reindeer herders now use their own helicopters to manage their herds-tiny greenhouse gas emissions by comparison with a mine but hey ho?

Agree but does it bear down heavily on their ability to sustain it-am nit a bean counter btw!
No debt no growth??

According to Fastmarkets buyers pay a premium for high grade ores-approaching $2 per each % above approx 62- 63%-so if BEM has 80% magnetite then that provides a cushion against fluctuating spot and forward etc pricing mechanisms (all too complicated for me atm).

Difficult one-price has moved up well over the past few days. If rates go up this week or next month as expected (!) then safe div players such as GSK may yet stay at this level?