Member Info for jt321

Video here reckoning Rio Tinto very cheap stock: Https://youtu.be/LMv0ZJ07oow

My recollection is that prepayments are made to give cash flow to their suppliers, who are mining quite cheaply. I don't have a problem with this as long as they document it properly, which they've said they will.

I don't think you give them enough credit. The PE ratio is ridiculously low but the company now is more than sound, giving a great return on capital employed. They've had problems but stuck with it and have overcome them. They haven't diluted minorities nor have they taken exorbitant salaries. Costs have gone down.

The BOD have about the lowest wages out there (CEO on $41k) and if you look the main shareholding family have been lending the company money in the past rather than taking it. Dividends can't be done for now as there are accumulated losses from the past, despite being highly profitable now, and the rules say you can't. So you can get capital gain instead as they build up the company, then eventually a dividend when profits exceed past losses (maybe 2 or 3 years). If you need the money you just sell a couple of shares and pay CGT at a lower rate than income tax. Hopefully with the current pe ratio where essentially the company makes profits of what you pay for the share every 1.5 years, capital gain will be coming.

You say all that but the company is making money. The only issue is the share price. Over time as results get better that has to improve. There is a price for everything. Right now this is trading at under 20% of the PE of much worse companies....I believe that more than allows for any issues

It would help if they issued a half-yearly report not just production figures. That would start to restore investor confidence. Not that I'm worried but I do think current sp is mad

I was being a little facetious bald eagle. Of course credibility is important but it's also important not to lose sight of the big picture. This was not a bad deal against the interests of the company. It was a good deal just incorrectly documented. You have to tick a lot of boxes in life. Your passport application will be rejected if you use blue not black ink. But it doesn't mean you're a crook. Hopefully they'll pay more attention to proper documentation from now on

Who cares? Water under the bridge as far as I'm concerned. So they lent some money to a supplier so they could carry out the work. Supplier has nearly finished the work. Who has lost? No one....in fact the supplier dug up lots of gold for the shareholders. Can't really see the problem here.

The issue here is if Kolomoisky the biggest shareholder formed a concert party to get around the takeover rules and the big shareholders either are his nominees or acting in collusion. If they did it's criminal. If not it's all a nice coincidence for him. What we do know though is that for the big shareholders to go along with the delisting, they must be aware of some good stuff going on in the company or plans that we just are not .

Got a feeling as soon as the deal is done they will get the money from the Ukrainian govt, settle their disputes, get a gusher on the new well and sell off Russian assets for a huge amnt. Oligarchs usually manipulate situations to buy hugely below value. That's how they got rich. Just a shame to be on the other side of the transaction.

If you look at the other holders they're a bunch of offshore companies. It seems unlikely that they're not known at the very least to the eclaire group and links might be much closer still.

I don't think our votes will have much effect as it looks like they've got the majority wrapped up. However I guess HL have to take this up like you say.

Not sure abt your argument as to why the govt won't pay. The oligarch in question was the employer of the president and in case you didn't notice doesn't seem to have any problems in Ukraine right now. I also don't think there was any finding in Ukraine that he owes the govt anything. So I don't think it's as clearcut as you suggest.

Hard to say whether it's cash that's key or just the increase in gas prices recently but I like your conclusions. It is generally sentiment that determines if pple will buy or sell. The SP has gone down in the last week or so yet cash will have gone up Still there's the cash they're owed by the govt still to add in. There's a potential Russian sale. They brought in $15m last quarter, next shld be more, maybe a lot more if all goes well and of course we don't know what will happen with the new well.

Hi anyone know when cutoff point is to hold shares and get the scrip/dividend? Thanks

Ultimately this is ridiculously cheap - the adjusted earning are 6m, there's another 11m they haven't even put in the accounts due from the Ukrainian govt and a nice new chunk of oil and gas now online which could possibly multiply earnings several times- and don't forget the oil price has gone up. The covid stats have gone down dramatically in Ukraine and it seems likely that any problem there is just this year's problem. So all in all I'd say this is a very good buy. I can't predict tomorrow's price but I see a very large uplift coming to anyone who is willing to wait and has a time perspective beyond days.

It all depends on your time-frame. If you're a 50 to 100%% per month type of person, then you'd probably want some other share which is a bit more risky and suitable for day-trading. I suspect Gusto from what he says is more into short-term gains, which is great if you can do it. On the other hand if you are looking for something that is really undervalued, has good prospects and so over time really seems like it must go up, then this is probably a good bet. My view is that the odds are tilted in its favour currently - share price less than half the assets it holds, good management, sector recovering, development potential and now it seems they're also wiping out that pesky bond issue that would come up next year. I think for people with patience they will do very well with this, but then I'm not a short term trader. So if you asked me what will this go up or down tomorrow, I wouldn't have a clue, but I'm pretty certain that over the course of a few months or year, this will be up quite a bit.

Maybe, although the volume isn't huge today. Could be just the whole market is down.

I would think most people who bought this share were buying for potential capital gain until times are better so would imagine most people will hang on to the scrip. Having said that, I expect as things recover and times get better people will be actively buying because of the large dividend in the future, so they'll be sellers - but not this time.....

If its closed it's a good thing they sold that shop a while back it would seem then.......