Member Info for Gambier

Don't expect the FSA to do anything about it. I have had to email them regarding the companies failure to announce conflicts of interest in relation to Khotin putting Exillon cash in his bank (Bank Jugra). A few days later they make an annoucment. FSA are utterly useless in protecting shareholders (even though it is their job). Forget about the accountancy firms, they don't have access to the dodgy dealings in Russia, they do checks from afar.

The the first half year results are delayed by 2 weeks now, again don't hold your breath.

Will have to wait until 2018 mid year update due in the next few days. Bank Yugra has had its latest appeal rejected so now the Russian government can take his assets. He trying to offload Exillon but nobody will touch it.

They are guessing. They are making a calculated guess relating to a theoretical delay. When you run a company without cash flows you are always playing a defensive game. The delays have been very damaging to the company with cash burn and opportunity costs. One thing is certain, the Swedish government do not care about the damage they cause to mining companies who are trying exist within their legislative framework.

They mentioned it because they had already decided on a cash call. The moment I read their comments, cash call was shouting out from the page. They believe there is risk of a substantial delay relating to the election, the company cannot survive without cash and so the decision was inevitable. They didnt have any other options.

It is the equivalent lots of sells

The ‘level’ of buys is the same as the ‘level’ of sells, it is meanginless. The SP has dropped on what the market of buyers and sellers perceive as bad news. End of story.

The end of year results implied strongly that this was going to happen. They suspect a decision will not be forthcoming and so are reacting accordingly. Nothing management can do, without cash flows they have to raise money. Have to see how the market perceives this at opening, but it should have been obvious that this was going to happen.

Pointing out a possible delay is appropriate as it informs investors of likely cash positions i.e there could be a cash call on its way. All part of being a company without cash flows and should be expected. Again, any attempt to predict dates is futile.

Over the last few years the SP predictions of >20p by a given date (before today’s date) have obviously been proven wrong. The number of predictions for double digit SP by a given date have been proven wrong at hugely greater ratio than those who a much lower SP. There are huge numbers of posts predicting >20p by now, those incorrect predictions do not disappear, they can only be cancelled out by correct predictions. You can’t keep on repeating an answer until you get it right. What is 10 x 2? 14 - no, 18 - no, 8 - no, erm 20 - yes , ahhh I told you I knew the answer.

Ibjj, the >20p is a ritual many BEM investors need to repeat. Let’s assume a greater than 20p SP is achieved in the near future, it would be one correct prediction against multiple incorrect predictions, but they will take it as ‘I told you so’. Double digits is perfectly reasonable in a post-positive decision situation, but there is no good reason to state a timescale or more exacting number. You believe we will get the concession or you don’t and that is as far you can go at the moment.

So from $160 million of cash surplus to over $100 million debt that has yet to be renegotiated (because there is no way they cannot pay it back in time). This is a very big change from a company that always had strong cash positions. Very suspicious indeed.

We ended the period with US$5.6 million of cash and cash equivalents and outstanding borrowings of US$124.7 million (31 December 2016: US$146.5 million and US$7.7 million, respectively). In March 2017 the loan principal of US$7.7 million has been repaid to Credit Suisse in compliance with the repayment schedule, being the nal instalment under a term loan of US$100.0 million, which we took out in March 2012. In April 2017, we entered into new facility agreements with Gazprombank JSC and received US$125.0 million (Note 25). The difference of US$0.3 million between proceeds from borrowings and the outstanding borrowings relates to unamortized amounts of borrowing costs. As at 31 December 2017, the entire borrowings of US$125.0 million are due for repayment within 12 months after the reporting date. Currently, we are at the nal stage of negotiation process with Gazprombank JSC for the restructuring of our debt. The Directors have a reasonable expectation that the existing loan will be successfully restructured.

Ibjj, you can trigger him without effort. If what he says is true (his story changes with the wind) then he doesn’t have that many more shares than myself, so he certainly isn’t the ‘big man’ he thinks he is. The difference is that some of us can keep our emotions in-check.

From the latest annual report: Litigation matters � The Board noted that the Company�s subsidiaries, Kayumneft JSC and Nem Oil CSJC, are subject to pending litigation proceedings in the Moscow Arbitration Court brought by the Temporary Administrators of Bank Ugra in November and December 2017. The Temporary Administrators of Bank Ugra claim that in 2017 Kayumneft JSC and Nem Oil CJSC entered into a number of alleged debt and guarantee assignment transactions with Bank Ugra and certain other third parties. The Temporary Administrators of Bank Ugra demand to set aside such allged transactions as the part of the bankruptcy case of Bank Ugra, which is a related party of the Company as disclosed in Note 28. The claims amount to $129,776 thousand for Kayumneft JSC and $10,295 thousand for Nem Oil CJSC. The Company�s subsidiaries dispute the existence of the alleged transactions that are the subject of these claims, and have retained external legal counsel and will vigorously defend their position in court. Having carefully considered the nature of the risks arising from pending litigation against the Company�s subsidiaries, and having received advice from external legal counsel, the Board noted that, while it is difficult to predict the ultimate outcome of pending litigation, it estimates that the risk of a material financial outflow arising from pending litigation against the Company�s subsidiaries is less than probable.

Lie number one: I have never mentioned perfect markets in a single post nor have I even intimated that markets work perfectly. Lie number two: you had blocked me last time, obviously not. So you are still going strong with your compulsion to tell lies? Is that grown up stuff like having emotional breakdowns on forums and writing multiple bizarre final farewell messages? Is that grown up stuff like behaving like a child when somebody corrects one of your many factual inaccuracies?

You are truly are a victim of the evils of online discussion. The persecution you have suffered over all these years must have been unbearable. I can understand why you have been so aggressive and insulting to those who have merely fact-checked your posts - you have been pushed to it! You are a survivor and deserve to make more profit than anybody else. Hopefully your sacrifices will be recognised by Kurt and you will receive a certificate confirming your special status.

So more evidence of a shockingly corrupt company. This weeks production report shows a collapse in production that now relies on output from very old wells on natural declines. Where has the $300 million dollar 2017 investment gone? When will Khotin be arrested? When will the Russian state take all of Exillon Energy reserves on the basis of corrupt practices?

From the Russian media this: The largest borrower of Yugra with a debt of 7.1 billion rubles in the court materials on challenging the entry of the interim administration is OOO Stroybiznesgrupp. It was not possible to find its operating telephones for Vedomosti, but not only for them: because of the inability to locate the company's location in October 2017, two enforcement proceedings against it were completed for 60,126 rubles. This is how this company owes Ugra. July 11, 2016. Stroybusinessgroup received a loan in Ugra at $ 56.6 million and repaid its debt to Yugra of Cyprus Jarmbent Holdings for $ 59.6 million. Jarmbent Holdings loans were issued in 2014-2015 and were secured by shares of the oil company Exillon Energy Plc. The company's capitalization on Friday at the London Stock Exchange was 114.3 million pounds ($ 161 million), its largest beneficiary (almost 30%) - Alexey Khotin. But in March 2016, the pledge agreements were terminated: the encumbrance was lifted from 12.3 million (7.6%) shares of Exillon Energy (on Friday they cost more than 9 million pounds). The interim administration filed an action to recognize the Jarmbent Holdings refinancing deal as invalid, asking as an interim measure to arrest Jarmbent's 11% Exillon Energy. The court refused: these shares are on the depo account in Ugra. Jarmbent Holdings, according to the Cyprus registry, belongs to Anatoly Neklyudov from Voskresensk. He did not respond to the request.

I thought you knew that the MM's were operating a rigged book? The buy:sell ratio today was 1:1, as it has has been everyday. Where you got 6.5 - 70 from I don't know.

You can inspect all the the trades, the London Stock Exchange lists them all. Not sure how volumes help anybody with their BEM investment. This share has had an extreme spectrum of valuations, the only intelligent thing you could have done is bought at the lowest valuation period. Again, volumes would have not helped with that. The fact that there is a poster on here who genuinely cannot understand how for each trade there must be somebody on either side, is as baffling as those cannot understand opportunity cost and how money has already been lost if you have been locked in here for many years.