Argos Resources Share Discussion Threads

[c2b] 28/11/2024 13:34

I haven't heard any more, I think we were told November.

[mannymania] 25/11/2024 09:04

Any news on our shares yet?

[mannymania] 25/11/2024 09:03

Any news on our shares yet ?

[c2b] 17/8/2024 12:17

Today received update from Opus Restructuring & Insolvency including a resolution to sign agreeing to their expenses. Cash of £105,318.88 has been reduced to £28,731.89 by £51,909.31 of administration expenses. Which leaves 7,977,672 shares in JHI Associates Inc. to be distributed which Opus put a possible value on of £5,051,750. The London/Canadian law firm of McCarthy Tetrault are apparently assisting Opus with the calculation and distribution of the JHI shares.

[shareho1der] 27/6/2024 09:37

As no one has received their JHI shares, I am beginning to suspect we have all been scammed and victims of fraud.

[geavsie] 27/12/2023 19:14

I have heard nothing not even what allocations are!

[shareho1der] 07/12/2023 09:37

Has anyone received their JHI shares?

[taxibabe] 30/6/2023 17:12

Game over lol

[taxibabe] 30/5/2023 21:31

Nobody likes to be an unquoted vehicle

[bob alan] 30/5/2023 09:55

Could consider the situation as a cheap way into JHI possible!!

[taxibabe] 30/5/2023 09:33

Its obviously gone through, hence the price.

[c2b] 26/5/2023 07:46

So decision day at 5pm in the Falklands (why so late?) 9pm our time, ahead of a Bank Holiday here, so when do we get to hear if this has gone through, and if it hasn't, what happens next?

[pirates4] 04/5/2023 14:14

Not many holding 1,000,000 shares here too volatile

[bensdad2] 04/5/2023 13:19

To work out the likely value, isn't it easier to read the R.N.S. That suggests that JHI values, its own shares at $0.71 per share, and states that the deal is worth about 2.23p per Argos share.What we do not know is the level of other liabilities. If there were none, the shares should be worth about 2.23p each. The RNS only refers to certain creditors who are to be paid in JHI shares, leaving 8M for Argos shareholders.Has anyone done the research to establish the level of other liabilities.

[c2b] 04/5/2023 12:30

But most of that $43m is not in the company now, nothing's earning in the company now, and just because someone paid large sums of money for shares in a company a few years back, that doesn't signify anything if it's now 'Money Sunk and Lost'. Case in point:- Tens of millions have gone into Argos at share prices multiples of today, and it paid for Seismic that showed targets equally as good as next door Rockhopper, all to no avail if you can't get the money to drill it, and if the backers you do get back out.

[tuna hunter] 04/5/2023 12:30

it's not because jhi is private and shares arent tradeable on a market. but as an investment, better than arg as they have the clout and finance to get the assets moving forward. they will no doubt float in due course to materialise their assets

[shareho1der] 04/5/2023 12:26

If JHL shares is £1.50 per share.ARG shareholders will have 8m x £1.5 = 12m.Therefore, ARG should now be trading at 12/220 = 5.45p

[tuna hunter] 04/5/2023 12:12

pirates



8,000,000 in exchange for 213,000,000 shares


JHI sold a stake back 2021 for $2 per share

www.oedigital.com/news/488764-eco-atlantic-joins-exxonmobil-s-canje-block-off-guyana

so if you have 1,000,000 arg shares, you will get 38,000 JHI shares

even if JHI shares are worth say $1.50, then your stake in JHI is worth $57,000


they are churning out $43m+ profit (that was a few years ago... it'd be nearly double that now)

markets.ft.com/data/announce/detail?dockey=1323-14680916-6HSSS4PUSC9682MC7HBUI8DHUA

[pirates4] 04/5/2023 12:01

8,467,820 JHI Common Shares Compared to 213,000,000 outstanding in ARG.Not much to had out, if ARG are cancelling their shares.

[c2b] 04/5/2023 11:31

So why aren't the ARG announcements telling us that ?

[tuna hunter] 04/5/2023 09:40

from another board : if you guys do the calcs, JH Assoc. have paid quite a hefty sum... certainly way more than the current market cap of ARG. ARG shareholders are getting a slice of JH Assoc super cheap. The company makes $40m+ profit / annum. Last time they sold shares in the company to another outfit, the price was c£1.60 per share. This deal values the ARG shares at 4p.

[g2theary] 03/5/2023 08:36

Another lesson is don't be as negative as this guy in life and you'll be fine :D VAST will get your losses back today ;)