Asia Resource Share Discussion Threads

[ihavenoclue] 01/1/2015 18:40

Tracy_Moore 1 Jan'15 - 07:34 - 188 of 190 1 0

LMAO marmar80 , you've been ramping oxs up all over ADVFN for weeks and still you have had nil affect . Give up man !

===================================

It rose from 2p to 2.95p during 29th - 31st Dec

Want to use my name ?

[h2owater] 01/1/2015 13:04

Asia Resource Minerals, formerly called Bumi, has won $173 million back from Rosan Roeslani, its former director, as reported by Yahoo Finance. ARMS, when it was still called Bumi, fell apart over disagreements with its co-founder, Nathaniel Rothschild and Bakrie Group, based in Indonesia. Rothschild said he will underwrite a rights issue, although ARMS recently returned $465 million to shareholders.

Rosan Roeslani must pay back everything he owes ARM plus interest and legal costs. His assets include a stake in the Inter Milan football club, two chateaux in France, a golf club in Spain and a house in Beverly Hills. Shares of ARMS jumped 250% on news of the successful arbitration. Roeslani promised to repay the amount last December to the troubled mineral company, an amount that disappeared from a subsidiary of ARMS’. Attorneys for ARMS have secured a legal ruling to freeze some of Roeslani’s assets, including his chateaux in France.

[illuminati1] 01/1/2015 11:43

The Times todayAlistair Osborne: Business commentaryLittle beats the story of a proper chancer. So top marks to Rosan Roeslani for seeing out the old year in style by getting done over in a Singapore arbitration court and reminding us all of the Bumi scandal.Mr Roeslani is not a household name. But there's no knocking the part the company's ex-director has played in turning the coalminer into the financial black hole it is today. It's gone from Bumi to almost busty, even if it's now changed its name to Asia Resource Minerals (Arms). Not quite what financier Nat Rothschild had in mind, back in 2010, when he did his fateful $3 billion deal with Indonesia's Bakrie family and boasted that investors would make "two or three times their money" from this "London-listed Indonesian resources champion".Sadly not, partly because money kept vanishing. Let's overlook the failure of Mr Roeslani, once owner of a 13.4 per cent stake, to disclose that he was part of a shareholder concert party with the Bakries. Or how, on his watch running the company's Berau subsidiary, a $75 million "investment" in the Chateau Asean Fund 1 clean disappeared. Instead, just focus on the subject of the Singapore court: the $173 million missing from Berau for which Arms found "no clear business purpose".Without admitting liability, Mr Roeslani signed a contract in June 2013 to repay the loot. Did he? Don't be daft. Instead he popped up that October as a junior investor in Inter Milan. After that Serie A shocker, Arms's lawyers poked around other assets thought to figure in the Roeslani squad, including two French châteaux, a Beverley Hills mansion and a Spanish golf course.Singapore's ruling compelling Mr Roeslani to pay up gives Arms the legal clout to go after such assets - and surely a reason for the Serious Fraud Office to go after him. It's a big figure too in the context of a £10 million company, which may explain why the shares jumped 500 per cent yesterday to 24½p, helped maybe by hedge funds paid on year-end performance. Yet, there's a big difference between getting a court ruling and extracting the Roeslani readies. And, even if Arms succeeds, it's still got to refinance $950 million debts by 2019. If only Mr Roeslani could make them vanish too.

[21trader] 01/1/2015 11:23

BILL

A stock I know and have traded well in the past.

A sound business that generates a lot of cash so much that 3 years ago they had $36 million of debt but now they are down to $6.3 million and will be debt free
this year if they continue to meet payment dates.

But their shares were hammered on this Rns almost 3 years ago and not much has been said since but the company just carries on improving their balance sheet in the meantime. The shares dropped from around 10p to 3p on the news and still 3 years on are at 3p despite the near clearing of all their debt in the meantime.

29 March 2012

NEWS RELEASE For Immediate Release

Billing Services Group Limited ('BSG' or the 'Company') FTC Action

(March 29, 2012) San Antonio, Texas - BSG, an approximately 70-employee billing clearinghouse for the telecommunications industry, merchants and online stores, announced today that the Federal Trade Commission (the "FTC") has initiated an action in federal court in San Antonio accusing the Company and its subsidiaries of violating the terms of a 1999 settlement with the FTC relating to the Company's billing for enhanced service offerings provided by third-party vendors. The settlement is described in Avery Communications' Form 10-KSB filed with the SEC in 2001.

"We are extremely disappointed by the allegations made by the FTC," said BSG's Chief Executive Officer Greg Carter. "We have devoted substantial resources to quality control in billing operations to comply with both the spirit and the letter of the settlement with the FTC as well as the requirements of local phone companies. We believe that our operations fully comply with the terms of the settlement."

The FTC complaint relates to nine enhanced service products provided to consumers by third-party vendors during the period from 2006 to 2010 for which BSG provided billing services. The FTC seeks an order to show cause why the Company and the named subsidiaries should not be held in civil contempt and ordered to pay a sanction of $52.6 million, which amount is based on the net amount charged by third-party service providers to consumers for the nine enhanced service products. The Company believes that the FTC's action is without merit, legally and factually, and it intends to vigorously defend itself in this matter.

[tracy_moore] 01/1/2015 07:34

LMAO marmar80 , you've been ramping oxs up all over ADVFN for weeks and still you have had nil affect . Give up man !

[marmar80] 31/12/2014 19:07

Congrats ARMS. Looks like with your luck more people believe strong OXS story.
EOY 2014 is defo yours, but start to 2015 could be with Oxus.
All be best for 2015 All and hope to see you soon on OXS thread :-)

[21trader] 31/12/2014 17:09

Can we list some others apart from CMB and OXS ?

PFP had the spike not saying it could not happen again. Looks like Oxs had a good fall out from Arms late on.

[jeffcranbounre] 31/12/2014 16:29

Asia Resources Minerals is mentioned in today's (31/12/14) ADVFN podcast

To listen to the podcast click here>

In today's podcast:

- Zak Mir PR at masterinvestor.co.uk and regular anchor on TipTV.co.uk chats about 3 stocks he thinks are worth checking out in 2015 - Zak's Twitter is @ZaksTradingCafe

- And the micro and macro news including:

Tesco #TSCO
GlaxoSmithKline #GSK
Tern #TERN
Bowleven #BLVN
Kibo Mining #KIBO
Nanoco #NANO
BP #BP.
Paternoster Resources #PRS
Man Group #EMG
DXS International
Lonmin #LMI
Praetorian Resources #PRAE
Castleton Technology #CTP
Sainsbury's #SBRY
Horizon Discovery #HZD
Asia Resource Minerals #ARMS
Jupiter Energy #JPR
Songbird Estates #SBD
London Stock Exchange #LSE
IP Group #IPO

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:



(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

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Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

 

 

[h2owater] 31/12/2014 15:35

Former Bumi owner wins legal battle to recoup £110m from ex-director
Singapore tribunal rules Rosan Roeslani must repay funds to Asia Resource Minerals




Sarah Butler

The Guardian, Wednesday 31 December 2014 13.13 GMT

A Singapore tribunal has ruled Rosan Roeslani must repay £110m to Asia Resource Minerals.

A Singapore tribunal has ruled Rosan Roeslani must repay £110m to Asia Resource Minerals. Photograph: Wallace Woon/EPA
Asia Resource Minerals (ARMS), the scandal-hit mining company formerly known as Bumi, has won a legal battle to force a former director to pay back $173m (£110m) that mysteriously vanished from a subsidiary he was running.

An arbitration tribunal in Singapore ruled that Rosan Roeslani, who formerly headed Berau Coal, the Borneo mine in which the group held an 85% stake, was obliged to honour an agreement to repay the multimillion-pound sum plus accrued interest and legal costs.

Roeslani had signed a contract in summer 2013 agreeing to repay the missing money, without admitting liability. Bumi had told shareholders the missing money related to spending for which there was “no clear business purpose”.

ARMS has yet to recoup the funds despite having secured an asset-freezing ruling in France on two French properties that Roeslani owns – Château de Bonaban and Château de la Grénerie. Meanwhile, Roeslani has emerged as one of a trio of Indonesian businessmen who took over Italian football club Inter Milan.

Roeslani was forced to resign from the Bumi board in December 2012, after the Takeover Panel revealed he had failed to disclose he was a member of a shareholder concert party with the Bakrie family, who co-founded Bumi with financier Nat Rothschild. Roeslani sold his 13.4% voting stake in Bumi in February 2013 for about £90m.

Bumi was founded in a $3bn deal when the powerful Bakrie family placed its coal assets into a cash shell formed by Rothschild. The two sides fell out amid accusations of financial irregularities – strongly denied by the family – and a whistleblower report, which the company alleged was based on hacked emails. In February 2013, Rothschild failed in his attempt to gain control of Bumi but the tie-up ended when the family bought back the Bumi Resources division, leaving ARMS with Berau Coal.

[temmujin] 31/12/2014 14:42

the worst stock for spiking then crashing is CRND..its gone up 400% twice now in a year or so only to fall back near its bottom...does ya head in!

[induna123] 31/12/2014 13:59

PFP in Mozambique courts. But the real daddy is OXS. Looking for a $billion payout. 50p a share would be very nice but I'll accept 10p.

[pillow] 31/12/2014 13:18

Huge Award at OXS looming. Market beginning to sense this

[skez13] 31/12/2014 13:11

CHL is another but that has just started, will dip my toes in late 2015

[shaktinicola] 31/12/2014 12:55

Bought a small holding in OXS and CMB. Wait and see now. It's a good call buying into those companies awaiting litigation outcomes.

[shaktinicola] 31/12/2014 12:47

OK thanks. Have a good new year :)

[skez13] 31/12/2014 12:42

defo OXS - check the claim out there

[shaktinicola] 31/12/2014 12:42

OXS I mean

[shaktinicola] 31/12/2014 12:41

Ops next share worth a punt on and FITB due litigation too

[shaktinicola] 31/12/2014 12:39

Do you put a stop loss on a share that moves this fast 21trader?