Member Info for Flightman

Some individuals just don't like it when the SP goes up. Wonder why!!

Huge Assets,hugely discounted Sp

Payments of £10M yes £10M due imminently from Eds Argentina,

The Silent Giant

10 Bagger!!

Mcap £4.3M!

£40M Net Assets

NAV/Mcap

This will move very quickly with a couple of buys,but have to be NT,as have just found out. Spac3ys recent valuation pre Argentinian results was calculated at 5.6pps,that can IMO be marked up quite considerably. Sterling Administrators are aware of the value here,and as such voted No to dilution on the OO. I'm positive given the magnitude of our assets and near term debt repayments from Eds that more secure long term borrowing can be achieved. A definite hold and at this level a great buying opportunity,perhaps once the Administrators receive a high enough offer that's when there will be a high demand on the market for a possible take over,that's going to be very interesting and at levels certainly considerably higher than what we are currently trading. All to play for gla

Still difficult to buy without going to NT Agree Optimist, Our 50% stake in Eds is highly valuable and I guess there would be many interested parties,now especially with change in Argentinian politics,who. Current SP is an absolute give away,we get funding sorted and a well overdue re rate on the cards. Personally still adding,though can't buy many without going to NT,

NT on anything above 10000. Very short of stock.

Agree there totally Optimist. Personally I will hold whatever the outcome, The Assets Net are worth multiples of Mcap,Sterling Admins are fully aware of this too,and were no prepared to be diluted at 38%. Argentina is a big play here,all positive IMO, If however we are bought out,then an offer acceptable to Sterling as the majority shareholder is pivatol,again substantially higher than mcap. So rather than sell,either way hold and your holding is wprth considerably more,and to buy more is an absolute no brainer at this level. Patience is required,but the MM move this fast either way,any snippet of good news we could easily repeat that 154% rise earlier or even surpass.it. Gla

Our largest holder voted down the OO Jeddicat,a poster on iii was there in person. Sterling Administrators must see much greater value in their holding than going down the OO way, Nothings changed our Assets have a very high cash value,whatever Mark Keegan does it doesn't detract from the fact that our holdings are worth multiples of current SP.

Assets £40M plus Mcap £4M, Certainly Not a company on the floor with a begging bowl!! Glad OO Didn't proceed,my our holding not diluted by 38% 10th December Marci takes control in Argentina,Great News! IMO RuR fortunes will turnaround,with Capital inflows from Argentina,assets sales, Agree with GFD,dividends again distinctly possible.

So Mcap £4.3M Assets Net many many multiples. Nominal value maintained at 2pps so No placing below 2ppps. Absolutely good news ,no dilution,no reorganisation of capital ITotally agree GFD and am sure the Sterling Administrators who voted down all the resolutions are satisfied,they are I am sure " up to speed" with developments short term here than the rest of us. Now the BOd need to get cash flows sorted.

So when Open Offer proposed the MM dropped this 20% OO cancelled no dilution,no going Private,etc Now BOD need to concentrate highly on revenue streams from Eds!! There must be a stack of fuñds mounting up for repatriation. Very good news indeed

Good News,no Open Offer.

Given our current " impaired " asset valuation that is multiples of current Mcap,there would be a real incentive for some big investor to take this private. And as I profess this OO is going to make that option much easier. I think within a couple of weeks the story shall certainly unveil. And possibly a hint on this weeks daily trading,which no doubt shall increase.

Have been informed by another shareholder that tipped this stock for me that Mr Keegan had an RNS drafted ready for release last week,which was going to answer all those questions that GFD had requested answers to,also it was going to mention all the positives for RuR re the much improved political landscape in Argentina. This RNS was going to be a real positive for us shareholders but. WH Ireland pleaded with MK not to RNS!!! So it's very clear that our NOMAD whom are instigating this OO Didn't want anything positive out to increase the SP.before the OO!! Reading between the lines its a full blown conclusion with regards to the OO,parties already involved to take up excess of allocation too,also the same will no doubt purchase the Sterling block at the same time. Very possible just after OO concludes could be high demand for open market shares,to take the new holder to the 70% Mark.

Very interesting article in this is money about our NOMAD W H Ireland. Titled " Trust this broker if you're happy to lose your money". Just Google WH Ireland. Looks like they are in with this OO Scam as well. " birds of a feather flock together"