Member Info for shareaction

I don't think the Copper Bay project is reflected in the current share price but even if they decide not to proceed with the project the share price would still drop on that news. If that is what's happening now this company is leaking badly.

In September CAML (or Copper Bay Ltd) ended the Copper Bay Progress Report with the following: “The plan is to complete all the various studies within the next few weeks and to have the PFS completed in November 2014” Not a word. What happened? There have been director dealings in the meantime, surely they must know more than the market, good or bad news and can trade or avoid trading accordingly. And nothing mentioned, even 2 months later in the 6th January update and outlook for 2015.

So they have issued 2 slightly conflicting RNSs at the same time... That is good, typical Naibu-style governance.

"Relisting"??? Where did you read that they had de-listed their shares?

Yes - the share price shows that CAMK obviously is a derivative of NBU.

You mean the non-executive directors have no faith in the financial accounts - and implicitly, the auditors, Crowe Clark Whitehill LLC?

Why do they find it so difficult to run a quoted company? You run a company as well as you can, its shares are owned publicly and the share price should reflect the company's value as it progresses through time - not rocket science. Yet they manage to cock it up. Even the RNS doesn't explain anything. What's wrong with these Chinese (companies)?

Normally management is changed/replaced in an orderly fashion with RSNs announcing the appointment of a NEW person. But not in Naibu. Sudden resignation with no notice period. Hmmm....

Their spread is sickening (mal)practice. Anyone can "create liquidity" in the market that way. In fact they are obstructing trading. When are EU going to ban the abusive monopoly that MMs have on access to the electronic marked??? It should have happened in the ninties.

Peculiar then that they have full control whenever they INCREASE their holding in CGH... Not laughable but a sick argument to use for their contemptuous suggested takeover strategy.

3.1 CVRs ……… (b) the volume-weighted average per share price of all China Gas Holdings Shares sold by the Fortune Oil Group and China Gas Group to a CVR Third Party, solely for cash, during the CVR Term shall be in excess of HK$11. So if average price is below HK£11 we’ll get nothing, if it is above HK$11 they will say it was "too complicated" to sell enough (more than 199,385,362) shares before the expiry of their so called “CVR term” In other words they must be stupid to sell within the set period.

4. Background to and reasons for the Acquisition Developments involving Fortune Oil in recent years have resulted in a divergence of interests among Fortune Oil Shareholders, and reduced its suitability as a listed company. In particular: …… (e) the nature of Fortune Oil's holding of China Gas Holdings Shares is such that the ability to deal with its China Gas Holdings Shares is restricted and such dealings are only permitted in a limited number of circumstances and, in respect of a number of such shares, are subject to the consent of a third party. Fortune Oil's ability to realise value in the China Gas Holdings Shares it holds is therefore constrained. In addition, the net realisable value of the China Gas Holdings Shares held indirectly by Fortune Oil is materially impacted by the level of debt in China Gas Group. They really ARE trying to pretend it is difficult to sell quoted shares and realize LOTS of profits for us all. (???).. What a lot of nonsense from this bunch!

I agree, growth is the most important however I have been looking to top up my IDEA holdings and a rights issue at 34p would have been very nice instead of buying from a greedy mm now for example at 37.5p which is 10% more expensive tan the issue price. The 1.5% discount is a historic figure which nobody could achieve. Of course the share price may drop down to below 34p before the issue.. We'll see!

A gigantic 40% increase in share capital and no suggestion of a rights issue? The cosy broker club & their pals help themselves to cheap shares at the expense of the existing owners of IDEA. The issue even seems to be non-underwritten... Same story all the time.

"During 2014, Copper Bay Limited plans to perform a pre-feasibility study (PFS) in order to prove up the potential of the Chañaral Bay project." Not many days left now... or what?

Not 1/10th, I mean 1/5th of the value disappeared..

Nothing else make sense here. Another 1/10th of the value wiped off...

What I like is that the lowest exercise price - 7.5p - is still nearly 3 times today's share price. So management will have to work hard to make any money out of them!

very good average spread from the recent issue price 2.25p.

MMs' airy-fairy 3/2.5 ask/bid does not reflect reality as a large chunk was traded at 2.25 yesterday. And together with the share issue at the same price it sets a strong precedence which the MM pretend does not exist. If we could all trade directly without all this MM interference deals would have closed all the time the volume would have been much, much higher. By bid at 2.25p will of course be ignored.