Member Info for Henryb

So almost a 50% drop Monday, 45% drop tuesday, And settling after a 50%+ drop on Wednesday. Your name is very apt. And good luck with that, at 2.3p i would be topping up that's for sure.

Thanks for your view. Yes i agree there is a lot of uncertainty for the future regarding debt and low coal prices. I personally like riskier shares every once in a while, The next RNS regarding payment will determine how long i hold, i did purchase too early yesterday but will wait for news regarding the funds owed and re-evaluate. Yes i was in TRP briefly prior to the drill and MSMN, seen it many times. atb

Garyn, cheers and yes i was aware re the 85% stake. So you think this is overvalued at present?

Ok thanks Siunyil.

Sorry, why is the 173m owed to berau coal Siunyil? My understanding is it is owed to ARMS as he was a former board member

Samin Tan the former chairman called on some of the board members to be replaced as he wants to gain control of ARMS again.

Is that from Bumi days?

''Notwithstanding, the postponement of the refinancing, the directors have a reasonable expectation that the refinancing will be forthcoming on acceptable terms when market conditions permit, based on the Group's discussions with banks, bondholders, ratings agencies and other advisors. Accordingly the Directors, having made appropriate enquiries, have a reasonable expectation that the company will obtain adequate resources to continue in operational existence for the foreseeable future. They therefore continue to adopt the going concern basis of accounting in preparing the condensed consolidated financial statements.''

You've lost me a bit. You mean how can they ensure the $173m is shown in the share price?

Yes, Of course if they retrieve it they are $173m(plus accrued interest + legal costs) better off and the SP will adjust to that news.

Apparently Singapore is an excellent place for arbitrations. http://www.lawgazette.com.sg/2001-8/Aug01-focus3.htm

Yes, read the second RNS on the 30th June

Yes. Assets frozen already and i assume more to come. That person that bought £75K worth sold 1.5hrs later and lost £21K, exact same amount of shares. Really feel for that person but you live and learn.

Good find, was searching yesterday for worth.

Yes, that's him just read up mentions bumi ( now arms)

Good balanced article. I thought you might publish one. It's a big ask but by no means impossible to get the debt sorted, they have some very experienced board members, First step is obtain the owed funds. I will wait for news this month and really hope Rosan roeslani was seeing if he could dodge the debt, and pays up.

If he wants more that's good enough for me. As you said we can speculate all night. The company has told us within the next month we will be updated on the status of the owed funds. Maybe I bought too soon and we probably will see lower early next week ( not 2p that's for sure) but I remain confident with my holding.

Do you think they would waste all this time and legal costs chasing money they couldn't get. Nat Rothschild knows the game well and I'm sure he wouldn't be messing about for nothing.

Think what you want, I've seen this many times, mainly in WRN, a lot of naysayers. I'm confident holding these and will continue to post research relating to the company.

Because it exhilarates me to put money in and then watch it disappear. Do you not get the same feeling?