Member Info for rustybucket

Lawrence13, no 1 strukhov can't take money out of the company, as he doesn't own it, he is a shareholder. No more rights than you although slightly more votes lol.

Secondly, I don't think the results on Monday will be earth shattering, but I would expect them to be in line, BUT, with a plan. Overall I expect us to easily beat their yearly expectations for next year, because they are doing a "Pavel" and aiming low and then exceeding. More importantly for us, I would hope for an update, ( or end ) to the investigations, I would like an update on TEMI, ON IRC, Any more pre pay gold repayments, and a plan for repayment of the bonds, by either new bond issue or bank loan similar to the one that Gazprombank has done for IRC, BUT, with better rates. I do think if we get a reasonable update we could also see 10% increase on Monday.

I don't expect any skeletons or surprises and cash balances should be higher as we will have been paid some of what had not been paid at the last update. This mobs reporting has left a lot less guessing games.

Retired Banker, I disagree, you have for a long time on here, peddled other miners. I don't think any of your other goodies, have the prospects of POG. I am biased though.

wilfred1, where did you get we merged with Highland gold. WE did not ???? The CEO came over along with a number of his cronies, but we did not merge.

Lawrence13, Strukhov, doesnt control the BOD or the company. He is a large shareholder only. If he ever wanted to take control I think there would be plenty against, IMHO.

Well, I hope your right, we are due an upturn.

All I would say Lawrence13. I just hope its sorted, one way or the other, we ned a resolution to this , AND the investigation.

updownflat, , its not gambling, its prudent management when you don't know where the Iron Ore spot price is going. As I have said before and I repeat, YOU, would be the FIRST, to winge if Iron Ore had crashed. You would have said, "Why didn't they hedge when the price was high"... They have ensured they are making good money regardless, money people wouldn't have dreamed of 12 months ago, including our friend Retired Banker who called it a " basket case " and wanted it sold for nothing.

You have your opinion, which is nearly always negative slanted against the company. I have mine. The mere fact we are making less money than we potentially could have made is fine, as they have debts that they are contractually duty bound to make an if this does that thats fine by me. The mere fact IRC is making a profit is brilliant, and has been a long time coming. Long may it continue.

Updownflat, what the hells this Chinese ??? You don't know what price they are selling the ore at " it is commercially sensitive information" Didn't you know ? And what do the asterisks mean ?

Updownflat, I don't know where you get your figures from but, based on what you are saying thats $250m per year. You are having a laugh, they would be lending us money.

If you believe your figures are correct elaborate. !!! I await with baited breath.

Hi Lawrence13, you are probably aiming it at the very same person I was aiming it at, even though I mentioned you as well. If we ever had the benefit of hindsight, wouldn't it be wonderful, OR, not. As we might just find out something we didn't want to know. reality is with some on here, it is forever the blame game. If only we were all Perfect.

0.375-0.075 (-16.67%)
At close: 4:08PM HKT IRC it has had a good run, hopefully just a pause.

Lawrence13, I am NOT blaming Peter for Hedging, Now, Yes we might have lost out, but he didnt have the benefit of hindsight, and has been burned in the past. We lost money on hedges towards the end of building the POX HUB, But it ensured we got the POX HUB built.

The past is the past, and we cant change it so we should move on.

Lawrence13, I am NOT blaming Peter for Hedging, Now, Yes we might have lost out, but he didnt have the benefit of hindsight, and has been burned in the past. We lost money on hedges towards the end of building the POX HUB, But it ensured we got the POX HUB built.

The past is the past, and we cant change it so we should move on.

so rbrand, the same Mr Hambro, who nearly brought the company to its knees by NOT, hedging when the gold price was high, because he was born with a silver spoon, would always hedge, Well he didn't. And I wish on that occasion he had, as we wouldn't be in the position today.

updownflat, depends on cost, Do you know the cost, do you know if they could have hedged just on downside ???? All speculation, rejoice in the higher Iron Ore price and just think, Thank God Pavel didn't give it away, as he tried , otherwise we wouldn't even be having this conversation.

Updownflat, if Iron Ore price had crashed, you would be the FIRST person to say, they SHOULD, have had hedging. Nothing ever goes in a straight line, and I for one, have no concerns about the company hedging some of the Ore to guarantee they would have enough money to pay their loans. This reduces Pogs guarantee, and if the rest makes even bigger profits even better. Very very similar to stop loss on shares.

Updownflat, get off your high horse about hedging. In IRCS position it was a good choice. Because if Iron Ore had crashed, you would have been the FIRST person to complain. Now is not the time to be taking gambles, the same way POG had hedging when we were completing the pox hub. We lost money, BUT, we had the guarantee that we could complete the pox hub.

Do you EVER, have anything positive to say. Honestly, they are damned if they do and damned if they don't. Just be happy iron ore is high and company has the chance to make some money for once. Hopefully they can make hay whilst the sun shines, and build up reserves of cash to be able to release us from the guarantee.

Updownflay, benefit of hindsight is a wonderful thing, don't blame Hambro for hedging some production. If he had done that with the gold price, BEFORE, we got into the mess we got into, we would not have got into this mess.

As long as its hedged at a reasonable price thats fine. The thing they need to do is make hay whilst the sun shines.

There is certainly something going on there, and to think Lawrences best mate Pavel wanted to give it away for a quarter of the price, and Retired Banker agreed !!!!!

Sargee , I did not, only because, my only available invested funds are in Tremor, and a few smaller companies. I did not want to sell any of Tremor. I might live to regret it, but, unlike some, who are well in profit, Unfortunately I am not.

All the best