Asia Resource Share Discussion Threads

[kenmitch] 14/4/2015 18:25

Thankd for that info in post 251 flyfisher. I was aware of the past goings on but just could not fathom the open offer at 25p. Seems my top up yesterday might be lucky timing, but maybe a lot of twists and turns to come.

[flyfisher] 14/4/2015 17:56

The Rothschild move has seemingly flushed out an Indonesian bidder, at a strong premium.
The recent holders list is:-
samin tan 23.8%
raifessen 23.8%
Rothschild 16.9%
avenue sarl 5.7%
argyle st 4.7%
flaming luck 1.2%

So, if the bid is confirmed, mr tan and raifessen would seem to control the companies destiny.

[miti 1000] 14/4/2015 16:17

You boys just got lucky, well , if you bought recently...41p bid just announced.

[flyfisher] 14/4/2015 15:43

kenmich, The history of this company is dirty, no filthy would be a better description, with Rothschild bringing it to market and raping it for his fees. Followed by the controlling indonesian interests raping the company in their own way.

Recently the holding of samin tan, the Indonesian majority holder was diluted when raifessen bank took control of part of his holding after default on a loan.
This has given a window of opportunity for rothschild to secure control, assuming no one takes up the rights and the stock is left with the underwriter (Rothschild), he will achieve a majority.

Had they done a rights issue at a discount, then holders may have taken up and he would not have achieved a majority. The rights at a premium gives no reason for holders to take up, as you observe, so barring interference from Indonesian interests he should achieve his aim.

Whether he is correct in doing so is another matter.

[kenmitch] 14/4/2015 15:22

Since no-one has explained I just added at 14p. Seems to make more sense than adding at 25p. But yes, once they get the funds maybe the share will go on a real roll at last. Ditto Petropavlovsk where a hugely dilutive near 16-1 rescue rights issue means they have survived... for now at least. And once the underwriters left with most of it have dumped them, then in time POG too could do very well.

[naughtynicky72] 14/4/2015 14:24

Is ARMS heading back upto 25 p ?

[kenmitch] 10/4/2015 19:55

Thanks naughtynicky but there must be a catch. Investors Chronicle say take up the open offer. They don't say why. I just can't fathom why anyone would want to buy more at 25p compared with the 14p available today. So the IC advice makes no sense at all.... until someone can explain what we seem to be missing.

Anyone else reading this bb have any thoughts please????

[naughtynicky72] 10/4/2015 17:50

You have not missed anything kenmitch , i was thinking the same thing if you want to buy more ARMS then why not buy at 14 p , Very Strange , Good Luck All You Longs ! Lets hope nick can turn this around and get the share price going up North .. I Hope So .

[kenmitch] 02/4/2015 13:23

Can someone explain this open offer please. It's at twice the current share price. So why would any small shareholders want to take up the offer? I must have missed something obvious presumably?

[cammy3] 01/4/2015 19:36

I think it will. Refinance , then into a stable footing then collect the $173m court award. No wonder the placing is at 25p. Must be v confident they can bank the $173m

[miti 1000] 01/4/2015 10:53

Anyone have an explanation why this isn't trading at nearer 18p considering its ex open offer today on a fully under written offer at 25p?

[naughtynicky72] 25/3/2015 18:01

Never A Dull Moment ! Come on nick sort it out sir! .

[strollingmolby] 25/3/2015 09:46

Possible £7m hit from FCA fine & legal expenses over Listing Rules procedural breaches connected to related party transactions...

Strange how the system punishes shareholders of a business, rather than the directors!

[wilfy75] 05/3/2015 12:48

Hello, I'm a newcomer to this board and am grateful to 99Jeremiah for directing me to it. I've been looking at litigation by small caps as an investment strategy for a while and have recently been invested in:

- FITB (on the basis of the trademark claim in the US - now closed my position)
- OXS (BIT claim vs Uzbekistan - currently long awaiting hopefully good news!)
- RML (BIT claim vs Venezuela - small long position awaiting jurisdiction award)
- CHL (BIT claim vs Indonesia)

I would like to take a position in Khan Resources (currently worth one third of their recent award against Mongolia) but as a UK investor they seem closed to me unless their shares are cleared through CREST.

Other claims I'm watching include JKX (claim against former directors) and I'm hoping to trawl though the publicly disclosed BIT and other treaty claims to find some other potential pearls among the swill.

By way of background I'm a finance lawyer who sees a reasonable amount of litigation and have considered launching a BIT claim in my professional capacity so I have some relevant insight.

I look forward to exchanging views with those on this board, learning a lot and hopefully collaborating to make a decent amount of money ...

GLA!

[21trader] 11/2/2015 09:02

BILL is stirring from a long time of no volumes nothing.

[naughtynicky72] 09/2/2015 13:41

ARMS Going in the right direction ! Well done Nick !

[21trader] 08/2/2015 21:33

tbh I've not been following the OXS newsflow so did not know those factors stig.

[the stigologist] 08/2/2015 21:29

On a 50:50 court decision with potential payout of either 0p or 100p a stock should 'theoretically' trade at 50p. So it would be silly not to have a little pop at least at 3.6p IMO

[the stigologist] 08/2/2015 21:26

my post on the OXS thread

Todays move is getting people a bit giddy but by rights OXS should be trading in the 10-20p range given the statistical weighting of the potential outcomes.

In simplistic terms (50% x 0 + 50% x 117p) / 2 = @ 30p

In terms of the long term chart todays move is hardly significant (apart from the volume) and OXS has shown historically it can trade from 3p to 70p in very short order

[the stigologist] 08/2/2015 21:23

OXS expected a decision from the UNCITRAL tribunal 'by the end of 2014'

They recently ended their Darwin funding arrangement.

Suspect they know an announcement on the case is due.

Even absent an actual decision which could yield a potential multibagger the main reason for the recent move from 2p to 4p has been the overhang clearing (caused by Darwin and RAB). The RAB overhang clearing RNS only came out after hours Friday so the market has not had a chance to react to that.

I think chartwise even absent a definitive Tribunal decision the stock could trade 10-20p in the short term with potential for 40p-120p if decision goes their way.

[21trader] 08/2/2015 19:57

Just think it broke out and spiked then got chased. Be mad not to cash in half as it's done this for years and it could be years before a decision so could always buy them back if it does return to around 2.5p.

Bit of a mixed back the stocks in the header. A few doublers along with some big crashes !

[shaktinicola] 08/2/2015 11:02

What's your hunch on OXS then 21?

[21trader] 04/2/2015 11:28

PFP buying today without movement...yet !