Shaft Sink Share Discussion Threads

[technofiend] 13/2/2015 13:26

Oh well the game looks well and truly up then.

Did they mention anything regarding the Eurochem arbitration?

[rcturner2] 13/2/2015 13:06

as predicted

[karmastuartra] 13/2/2015 13:04

Should be suspended immediately,total valla up!

[envirovision] 13/2/2015 13:02

Nothing left for Hedgehog then !

[hedgehog 100] 28/1/2015 19:28

Muckshifter,

You are about a year out of date!

Yes, TGL as a gold miner was hit by a wider economic situation, especially in Colombia, beyond its control.

You incidentally did not predict that.

And the term 'shell' can be a subjective one: some would argue that a mining company with mothballed assets is not a true shell.

But this is now in the past.

TGL has moved on, and any shell days are now well behind it.

If you want to play the game of dragging up selective quotes from my past to try to make me look bad, (and ignoring the great predictions that vastly outweigh that), then what a waste of time.

But two can play the game of looking at a poster's past calls:

How's your LAM "buying opportunity" going?

From the thread "LAMPRELL : UAE Oil & Gas Engineer (LAM)":
muckshifter 5 Sep'14 - 08:02 - 13644 of 13932 2 0
"Nice post yesterday sigala, I drew similar conclusions from listening to last year end's conference call, but expected a placing or rights issue, which duly came and provided the right buying opportunity. ..."


And your GTC "good news":
From the thread "Getech-does anybody care? (GTC)"
muckshifter 8 Sep'14 - 11:11 - 1149 of 1212 0 0
"Today's RNS seems to confirm the outlook given in the pre-close trading update, and makes last half year look like a short term hiccup - good news.
Regards."




Oh dear, Muckshifter, somebody's been taking some big hits on the plunging oil services sector recently, haven't they!

Is that why you're sounding so embittered recently?

Pity you didn't switch into TGL isn't it, for a 50% gain.

[muckshifter] 28/1/2015 17:55

No Hedgehog, I haven't dealt with your latest change of subject, but I will. On the other hand, you will never address the embarrassing points where you are clearly caught lying will you?

Just dealing straight away with the point about you being on holiday, and not posting on the date I stated in my December post about your constant U turns in the TGL story, I got the date wrong - sorry to all for that. But here is the point about how the "fear of being a shell was nonsense" turned into "great news we are a shell" using Hedgehog's posts from aye aye:

31/01/14 Chief Operating Officer Appointment Hedgehog100
Fear of it becoming a shell (misplaced as it might be) has clearly been weighing on the Touchstone Gold share price. And that’s the only thing that’s been holding it down at current levels – the valuation just makes no sense otherwise. …….

05/03/14 Multi-Million Ounce Potential! Hedgehog100
………;…… The potential profit from a multi-million ounce low-cost gold operation could be billions of dollars…. but TGL’s current market cap. is a tiny (and scarcely believable) £1.32M.

An overlooked gem (or rather gold mine) just waiting to explode!

27/03/14 A DOUBLE Play: Gold & RTO Hedgehog100
…….. But on top of that you have the more speculative upside of a good shell.

[the stigonomist] 28/1/2015 17:45

wow nothing changes here does it

muckshifter totally destroys HeadUpHisOwnAssHog articulately and utilising his vast knowledge and experience and HeadUpHisOwnAssHog retorts with verbose drivel which just accentuates the points muckshifter has made and the vast chasm in their respective intelligence quotient

[hedgehog 100] 28/1/2015 16:52

muckshifter 28 Jan'15 - 16:44 - 2771 of 2771 0 1
"Sorry folks, ...2


No you're not!!

You've said that repeatedly, and yet you keep on doing it!!!

[hedgehog 100] 27/1/2015 21:23

I can rip you so-called 'proofs' to shreds, Muckshifter, and I have done so, repeatedly.

You accuse me of misleading about your posting, but you constantly and continually do that about mine.

Two more examples from the same 1st. December post:

muckshifter 1 Dec'14 - 12:34 - 2673 of 4052 1 2
" ... on 22nd April, Hedgehog heralded the now suddenly “excellent news” that TGL was a shell, but also still according to Hedgehog a fantastic gold prospect. Then on 2nd May – rejoice, forget all that rubbish about gold, TGL is into the tech sector and should announce an RTO by the AGM at end of June. ..."



First of all, I was on holiday for most of the second half of last April and didn't post at all during that period:

Hedgehog 100 13 Apr'14 - 21:30 - 539 of 1085 0 0 edit
"I'm off now for the next two weeks on a well-deserved Easter holiday. ..."


Hedgehog 100 29 Apr'14 - 14:29 - 580 of 1085 0 0 edit
"...Thanks Treacle - I had a great break thanks mate!..."



Secondly, I didn't day that TGL should announce an RTO by the AGM at end of June.

What I actually said was:
1. On ADVFN:
Hedgehog 100 30 Apr'14 - 20:48 - 603 of 1085 0 0 edit
" ... And judging from the speed TGL work at, I wouldn't be surprised if the 30th. June AGM will actually be able to approve a specific RTO."

2. On iii:
02-05-14 Buy Hello Touchstone Technology!! Hedgehog100
" ... And judging from the speed TGL work at, I wouldn't be surprised if the 30th. June AGM will actually be able to approve a specific RTO."

Saying that you wouldn't be surprised at something is very different from saying that it should happen.

This is typical of the way you constantly twist and distort my postings (i.e. you lie), while accusing me of doing that! Pretty ironic, I would say.

And in fact, news of a link between TGL and Cambridge Quantum Computing Ltd. as a potential RTO (reverse takeover) did emerge in early July, so there was some substance to what I said.
And that RTO is still possible: just last week a shareholder rang TGL and had that confirmed.

[hedgehog 100] 27/1/2015 21:01

muckshifter 20 Jan'15 - 12:43 - 2761 of 2768 0 1
"With profuse apologies to the regulars on this board, who are well aware of how devious Hedgehog is ..."


Muckshifter,

Why keep apologising about boring the tears off everyone with your endless repetitive attacks on me, which I suspect that virtually no one (if anyone) reads ... but then keep on doing it!

You are obsessed, mate!

Your so-called 'evidence' of my lying-misleading is like a multi-page essay by someone 'proving' that their neighbours are werewolves.
All it actually proves is what serious psychological issues that person has!!

Having a different opinion from someone is not the same as lying-misleading. It's a pity that you can't be mature and grown-up enough to accept the differing viewpoint of others.

If there was such clear-cut evidence of my supposedly dishonesty posting, which would be fraud (a serious criminal offence), and you feel so strongly about it, then why haven't you reported me to ADVFN, let alone the FCA?!

And why can't you prove even a single lie in just a few lines?

Because I certainly can with you:

From the thread "TGL - A Quantum Leap - $26 Billion Market - £2m Mk cap (TGL)":

muckshifter 1 Dec'14 - 12:34 - 2673 of 4052 1 2
" ... On 5th November, hedgehog acclaimed the “genius acquisition” of a “little gem of a company” which had gone bang, never made a profit ... "


The acquisition concerned was GOS Systems:

"THE TIMES
Tapping into the market for security
July 15 2013 Nic Fildes
... GOS is still early in its development, with revenue of £3.5 million and operating profit of £300,000."


Since the time of that Muckshifter bashing of TGL at the start of December, TGL has risen about 50%:




In summary, I am as honest as the day is long ... so much so that if I am given too much change in Tesco, I give it back.

The issue here is Muckshifter's mental problems, not my posting.


P.S. Muckshifter, could you please point me to any shares that you have recommended on ADVFN in the last few years that have multi-bagged, because as far as I'm aware you haven't had any.
I in contrast have had several.
Perhaps that's because you waste so much time on shares that you claim you will never invest in, and on posting endless repetitive attacks upon myself, when you could be researching potential multi-baggers instead.

[muckshifter] 22/1/2015 14:48

And now, after all those posts simply to deal with Hedgehog’s dishonesty, a bit of “educational” stuff for anyone who has followed these various shft threads for the last two years, and still reads the thread. This post was prompted by an RNS I read an hour ago, from a construction company.

Way back in May 2013, I pointed out, at a time when I was struggling to reconcile cash movements with reported profits in shft’s accounts (because even at that stage I felt sure there would be a cash crisis in due course), that it was easy to “manipulate221; construction profits – for a while. This caused loads of the usual ignorant and belicose rubbish from Hedgehog, putting his own twisted interpretation on my post, suggesting it was libelous and action would be taken, etc, etc. I pointed out at that time that the construction industry was, afaik, unique in this respect.

One of my responses in the argument was post 1947 above, in this thread. This post outlined the situation that had occurred in Leighton Contractors in Australia, a company where I knew people and systems, where there had been a sudden $A600 million hiccup in the quarterly results,iirc, because, imho, someone at a senior level in one contract, or area office, had been rigging the figures to hide problems, probably by coercion or persuasion, of his staff. To lose $A600m would take a year or two even on the biggest contract or area office turnover, so I felt that this was an excellent example of “mid level management” manipulation.

Shortly after that shares in Silverdell were suspended, never to return. In that particular case, I believe for various reasons that it was “top level management” manipulation of results, reporting and forecasts.

And finally, this morning Balfour’s RNS was the fourth from them in less than a year revealing bad news, from particular areas of the company. This time, the reporting and forecasting of a representative selection of sites was “audited”; by external accountants, and found to be seriously wanting, resulting in a further £70m provision. In this particular case, I’m of the opinion that it was manipulation of reports and forecasts at site level. There will have been, imho, lots of site managers who individually gave in to “temptation221; faced with unpalatable figures at a time when the company was undertaking a well publicised “reorganisation”, aka getting rid of loads of people, that began late in 2011, iirc. So this was I believe “site level management” manipulation of reporting, ie. lower level.

So the main point potential investors in construction companies should remember is to watch cashflow compared to “profits”;. If a trend, over say two reporting periods, of increasing mismatch occurs without damn good reason, - beware. In each of the cases outlined above, the “bad” numbers were being fed up the chain for probably a couple of years before someone at senior level (or the bank!) said wait a minute, these numbers look consistently at odds with cashflow. If you imagine a big construction company, like Balfour Beatty, has perhaps a thousand contracts on the go at various stages at any one time, in perhaps a dozen countries, you can see that the senior management chain has to give some trust to those on lower levels providing reports, and vice versa. Smaller companies have smaller overhead set ups, so the situation remains parallel. So it is inevitable, imho, that deliberate, or just simply optimistic “reporting and forecasting” takes a while to be spotted.
Regards.
PS. The disconnect between cashflow and profits in shft was for an entirely different and legitimate reason.

[muckshifter] 21/1/2015 16:16

I don't think so envirovision. Imho, the problem with Hedgehog was that he was overconfident of his own quite limited knowledge, didn't know enough about civil engineering to know how little he knew, and was absolutely unwilling to ever admit that he was wrong about anything (or even admit a simple mistake). Instead, when beaten on a point he would change the subject, and attack the person who had posted a rebuttal of his drivel, with any amount of dishonesty, name calling, lies, etc.
PS. Forgot to say that he was also desperate to get the share price up!

[envirovision] 21/1/2015 15:45

Yes that's very thorough and conclusive. I wonder if he was a paid stooge or something ?

[muckshifter] 20/1/2015 14:47

Dealing with a further point in Hedgehog's post 2734 (with apologies for boring regulars here).
He says:"I.e. SHFT's financial position has worsened dramatically for various reasons, which is why I turned bearish about a year ago."

So you turned bearish on shft about a year ago did you Hedgehog? That’s strange, I don’t remember seeing any recommendations to sell from you, after your dozens and dozens of buy recommendations made on many boards and threads up to a year ago. And this extract from post 2681, written in September 14, not long after the initial emergency loan RNS and well after you say you turned bearish, doesn’t really sound like a “bear” warning to private investors to me:
“And with current shareholders receiving priority, and with a subscription of EUR 5 million of notes available to them, there should be a good chance of shareholders receiving at least some allocation they apply for.

The issue price is £7,200 per note though, which is more than many retail shareholders would wish to subscribe.”

Or these two more recent posts of yours, which look vaguely bullish to me, made less than twelve hours before the two announcements about the CEO & CFO being fired, the failure to repay a scheduled bank loan, and the failure to fulfill emergency loan terms.
Hedgehog 100
11 Jan'15 - 20:38 – 2720
SHFT's volume of 827,593 shares traded on Friday was the highest since August, and it was the blue finish since October.
11 Jan'15 - 21:30 - 2721 of 2759 0 0

Hedgehog 100
11 Jan'15 - 21:30 - 2721
29/08/2014 07:02 UKREG Shaft Sinkers Holdings Plc Half Year Results
" ... 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. ... "

[bckttsim] 19/1/2015 14:48

Priced to fail However some order bookAt Shaft Sinkers, former Basil Read CEO Marius Heyns, who was nonexecutive chairman, has taken over as executive chairman.In the past few months Shaft Sinkers has lost three Implats contracts. It still has contracts at Hindustan Zinc, the Randgold Resources and AngloGold Ashanti Kibali gold mine in the DRC, and the Royal Bafokeng Platinum and Anglo Platinum Styldrift mine in SA. At end August its order book stood at £238m, including a recent award in Kazakhstan.

[21trader] 15/1/2015 16:49

Say that to London Mining chasers prior to suspension and administration.

[technofiend] 15/1/2015 16:44

Look at the share price movement on high volume!!!

Insiders are obviously buying.

It's time to jump in!!!!!1

[happyman7] 15/1/2015 14:12

anyone know what 2748 is about, it seems to be written in invisbile 'ink'