Member Info for SpanishJohn

Interesting if real. Of course, it is as simple for Vostok Trade Ltd to contact the other shareholders on the register and organise a meeting and/or propose some motions at the next AGM or possibly force an EGM to place whoever they want as Chairman. Interesting power struglle/takeover looming ?

I agree Jolly. I'll leave it to those with Kevlar balls :)

Thanks, had a look at a few, even more scary now In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the disclosure made in note 1.5 relating to approximately £19 million of accrued income (2012 approximately £15 million) against which no allowance has been made. Given that these amounts are not yet invoiced for collection, and that they relate to incomplete contracts, current market conditions indicate that there is nevertheless material uncertainty regarding the recoverability of the accrued income amount. If they were billed and un collected, some sort of bad debt provision will be building up, as they are not billed ans not being provided against, they are assuming all cash will be collected, hmmm.

Was looking at this as a recovery play, but the bulk of the receivables will never be received at the moment as they are accrued debt, ie they have not even been billed yet, which makes a huge chunk of the turnover over the last year or so just accrued income as well, circa £18/19 million, very strange. Why are they not raising invoices on their customers ?

So they've struck a deal to sell an asset, buying out some shareholders at 3.79p , and the rest is revealed after the sell out, ie the deal is revealed that enhances to Mcap further ??

Basically, if you hold on 22nd November you will be able to sell for 3.79 pence, so any purchase below 3.79p is an instant profit.

I knew something good would come here. A return of cash and they still have a large asset to sell on.

Positive news here, also for GDL 150 wells planned, plus positive reslults from converting traditional drilling to Lifabric, GDL's speciality, so lots of work for them coming.....

You may be right, cash value is circa 4p a share here so nothing to lose on a buy in, any hint of resolution of issues or asset sale/development would take this up 10 x

Looking back there was an enormous BUY on the 1st. I've checked it was a buy by looking at other prices around the same time. I think good news is afoot. 01-Oct-13 14:47:00 45.50 700,000 44.00 47.00 318.50k O

strange, isn't it Directors buys recently at higher than current price, they have the best view on this company and are backing it with cash !!!

whacky world of AIM, but buy while the price is low...

our friend is back 30-Sep-13 11:36:00 2.68 1,250,000 Buy* 2.55 2.70 33.50k O

Affirming what we know really. Cash > current market Cap Cash outflows now incredibly low, so enough to last several years if need be Search for a buyer continues. When that happens SP will double/triple/whatever you name it I only put £3k in and will leave it there until the annnouncement, will be one of those 500% jobs in a morning almost impossible to get into.

sorry to hear that, last posted 4th September. Weird what is left behind in cyberspace. On linked in I keep seeing a work colleague who died about a year ago.....

post, oh well, it's still a medal

This one ? 16:20:00 2.75 1,000,000 27.50k Yes. There was another 500k one as well. Keep this one of the radar for a few weeks please langyy

1,250,000 shares, biggest trade in here in weeks/months and a 9% jump in SP Very Interesting

Huh.js thanks for that update, I think one project is mothballed since 19p target, but a high value one remains. And there is the cash of course. But any hint on a deal to develop the project or sell it on will impact the sp enormously so a little drift then jump to multiples on course, like most of aim of course............ ;)

Last brokers report I can find (last year Fox Davies) had a target of £1.31 when SP was 10p . They have mothballed one project, but the one that can be developed looks promising. Lets see how next week goes