Member Info for smudgedan

Hello mate, how are you? Been watching SRT for a while. Think I can see the potential but not sure I can get my head round the market cap though. Equally not sure that I can se a reason why it won't drop back. Any pearls that you can offer?

Yes, i think you are right. May get some more interest being on the leader board. Should be ok here either way.

HL. Just tried a dummy sell and going to NT.

That was me in on the bell with £5k's worth. Thought there would be more interest!

Just seen this. Apologies if old news: ENRC's founders face Dutch fraud lawsuit The trio of oligarchs behind Eurasian Natural Resources Corporation (ENRC) - the FTSE 100 miner being investigated by the Serious Fraud Office - have been hit by a fraud and bribery lawsuit against a separate part of their empire. The Guardian has established that claims lodged in the Dutch courts show that International Mineral Resources (IMR) - which is owned by the ENRC trio of Alexander Machkevitch, Patokh Chodiev and Alijan Ibragimov - is accused of "blatant fraud, exacerbated by bribery" by Russian fertiliser group EuroChem. EuroChem had previously said it was claiming damages of $800m (pounds 500m) from its supplier Shaft Sinkers, which is 48% owned by IMR, following problems with a $2bn Russian potash mining project. In the new case the fertiliser group alleges that an IMR executive bribed a EuroChem employee to cover up the alleged ineffectiveness of Shaft Sinkers's work. It also claims IMR facilitated the concealment of a report that questioned whether Shaft Sinkers's sealing technology could be effective on the project. EuroChem is again seeking $800m in damages - but this time from IMR - having made a similar-sized claim in October in separate arbitration proceedings against Shaft Sinkers. IMR says its defence to the Dutch case will state that the EuroChem employee had signed a formal consultancy agreement with Shaft Sinkers to help it promote its business, which he had cleared with his immediate superior. They will also argue the alleged briber was only a consultant to IMR, not an employee. An IMR spokesman added: "The suggestion that IMR was somehow involved in the legitimate arrangement between Shaft Sinkers and a EuroChem employee is a fabrication." IMR says no payments were made by it, and that Shaft Sinkers has at all times been run as a separate entity with separate corporate governance. It says any payments that might have made under any consultancy agreement between Shaft Sinkers and the Russian company would have been entirely legitimate and proper. Shaft Sinkers, which terminated the contract to prevent flooding of a 1,000 metre mining shaft, has filed counterclaims in its separate cases with EuroChem for $15m of fees it says it is still owed. A spokeswoman for Shaft Sinkers added: "Shaft Sinkers understands that EuroChem has issued proceedings against IMR in the Dutch courts and that IMR has instructed lawyers and intends to vigorously defend such proceedings. "The three arbitrations [two in Zurich, one in Paris] between EuroChem and Shaft Sinkers and the claims brought by Shaft Sinkers in all three arbitrations are subject to confidentiality and we therefore cannot comment on these cases other than to reiterate that we believe EuroChem's claims are without merit and we are defending these claims and pushing our claims vigorously. Likewise we believe the claim brought against IMR is

Hi Tallyfox. Glad that you managed to see them. I tried several times after the afternoon, but nobody was there. The points you mention below were indeed included within the presentation. During your 30 minutes chat did you manage to gleen anything else? I have a copy of the presentation so can scan this through to anybody that is interested, but essentailly it is as per Tallyfos's comments.

Hi Jolly, yes an update on this would be nice. The results shouldn't be too bad either. Wish I had held off before buying earlier though, still think we should be ok long term.

Lost £1,500, but in my SIPP, so have 15 years to get it back. They might have the well flowing properly by then! All the best to all still in.

Has anybody got an idea (willing to make a guess) as to what these are are going to sell for?

Hi Oogleflugal, yes very frustrating. On paper, at these levels i am thinking we can't really go far wrong, but a bit of encouragement from their side wouldn't go a miss.

NOP were at the show today. Wanted to ask them about the lack of coms but every time I went to their stand they weren't there, so still none the wiser. Kind of pointless paying for a stand if there is nobody there to speak to potential investors.

Met a couple of the Symphony guys at the UK investors show today. Their stand was pretty active, but I think it made a change from the majority of stands which were mining explorers. I asked about cashflow and the delayed payments, but they kind of brushed it off and focussed on their new products.

Can anybody remember when we last had some? Also a director buy would be a novelty. Starting to lose patience here.

Good morning Jolly, Yes had the same thing on COOL the other day. Got a buy at the bid price. Thought i was being clever and sold straight away for a £40 profit. Would have made £700 if i had waited a day!

nm

Yep, i was a bit surprised by that. Now 3.67 to buy.

My one at 8.22 was anyway

At least the drop has enticed a couple of buys. Would be nice to see the directors buying in or news of some new contracts to stop the rot here.

I am going for: 1. WSG 2. AMA 3. DQE Good luck to all with your investments.