Member Info for smudgedan

Took another position here this morning. Would expect A few people twiddling their thumbs waiting on the bre-listing of WRN will look over here shortly.

On Friday, which was the highest since August will be interesting to see what us behind it.

I think if they get a positive outcome from the arbitration the market cap could conservatively easily get to in excess of £10m which represents a four fold increase from the current levels. I am not sure what their total legal costs relating to eurochem are to date but they spent £5.4m on legal expenses during the last reporting period. That in itself is in excess of double the current market cap. The company have stated that they were hopeful of arbitration conclusion early in 2015. We are also waiting on the convertible loan notes, which once confirmed will also give the sp a boost. The SP was over 60p prior to the the Eurochem issue bad whilst revenue in SA is down, they have secured contracts elsewhere A binary play on the positive outcome of the arbitration, but at the current mc of £2.5m, I believe this offers significant upside at a minimum of 20p per share, possibly more upon positive resolution.

This was from the interims: EuroChem Arbitration As previously indicated, arbitral hearings relating to the EuroChem proceedings took place in June and July 2014. Whilst we cannot predict the outcome of the hearings at this stage, we remain confident in our case and continue to expect the proceedings to conclude in early 2015. The conclusion of the Swiss arbitral hearings, however, should result in a decrease in legal fees in future. Legal fees associated with the case amounted to GBP5.4 million during the period.

this afternoon here. Looking good. Volume is also way over normal.

Hi mate, hope all is well with you. SEV is ticking along nicely and i think that we will do well here as well. Tiny MC here, having been through hard times. Just how I like them!

I too have invested in this several times over the past few years. I think that the current market cap versus revenue and new business pipeline is out of sync. Whilst SHFT have struggled with Eurochem and a general downturn in the mining industry, I feel that they will sort out the short term funding and get a favourable result on the Eurochem litigation, the fees for which are in excess of twice the current mc. Have seen many shares at this level increase exponentially. ATB

A couple of traders out from this morning. Most holders still underwater, so plently to go.

another 50% rise to get back to November levels

good here. With news on the funding and hopefully some resolution on the Eurochem. They are still turning over £200m, with a paltry MC.

Yep, been in and out of this over the years, but looking at revenue versus MC it is a strong buy at these levels

Now up 10% on the day, whilst they have had their problems this was trading at a quid not that long ago.

buys going through now. News on loan note funding due and at a premium to the current ask.

Will hear more on both counts in next weeks pre lims. The hold up for the cash transfer has now been removed, so would expect that to be forthcoming.

Bit just went up for no apparent reason and I can sell decent volume above the bid. Delayed buy later.

Taking evenything in to account I think 6p is achieveable here as a conservative short term target upon release of the cash from China and updates on the compensation.

Yep, there are directors loans totalling 8.8m and 2.3m of convertible loan notes, which is what that they need to release the cash to pay back as they have have 20% interest.

not so good to see that!

will hear something regarding the funding shortly. The real winner will be getting a positive result on Eurochem

Did you buy back in here?