India Star Energy Share Discussion Threads

[sagem] 27/3/2010 08:55

Looks like only one sell on Friday of 200,000 shares...no body seems to be leaving this sinking ship or perhaps potentuial does still exist.......ANY THOUGHTS

[flojo] 26/3/2010 11:28

Well down we go on pepes heading for the exit .001p coming,really soory folks and teribly pi---- off,no reply yet from P.Mcogary.

[okuta] 26/3/2010 11:22

HotelDelta,well that last one raised a laugh from me,perhaps you are like me and one full page and a continuation sheet of suitable companies to moan at,a laundry list of them , FEI being the most notable,shutting shop with me holding 4m shares , hey up ! regards g

[flojo] 26/3/2010 10:34

H D ,agree with you ,Hanibar and the other two should be removed ,if i could by shareholder demand i would,they will pay themselves a salary each for another year till the money runs out then the share will be suspended and not return,an absolute disgrace,the law should be changed regarding the actions of directors.

[okuta] 26/3/2010 10:26

HD,I popped into SpecSavers the other day - guess who I bumped into ? Everyone !

I asked Redmayne to try and offload my 600,000 just now and the guy laughed , hmmm I'm stuck ,but Uranium is the hot potato at the moment so why aren't we doing anything.When they announced the new fuel proposition and saw that it was from a Seychelles based company I hardly jumped for joy and now they have given it the gooner - what's left ? and is it worth having ?

[flojo] 26/3/2010 09:17

Okuta,Pauls family also has interets in this apparantly,the only way forward with is complete new managment ,and an issue of new shares to fund any new project or we are dead in a year at crrent cash burn on the t---- wages-sorry im just mad.regards

[okuta] 26/3/2010 09:05

Thanks Flo,I think PM is more approachable than the other oiks unfortunately don't think the loss of 7m Indy rubbish shares is going to put much of a hole in his boat and not below the waterline.There must be so much to do out there for someone with a bit of get up and go , otherwise we should be able to generate some interest from some organisation that could back themselves into Indy ? I know it's hardly straightforward but have they looked at options. Flo , do we stillhave anything going with India , that place is pushing onwards and upwards , regards g

[flojo] 26/3/2010 08:49

Hi Okuta,god im mad,i have just left a message on Paul Mcgroarys phone to see if he can throw any light on the situation,he should be worried he has 7 million shares tied up here.

[okuta] 26/3/2010 08:46

what kids me is the fact that we are heading into a commodity boom and there are plenty of opportunities out there and lots of other companies are taking advantage of the situation,obviously we haven't got the right guys in the jobs. Is Paul McGroary (?) still involved ? I have been in GRL for ages and they were bumbling along for years doing stuff all and they got a new exploration manager and general manager and more or less straight away we saw new developments and some life come into the company and two years down the line we are lookimg forward with great optimism , take a look at RRR and RGM , it's out there we just need good personnel. I'd be happy if I could have my money back - please ? regards and commiserations to all

[flojo] 26/3/2010 08:38

£77000.05 left in cash !!! im f------ furious with this.

[flojo] 26/3/2010 08:33

They paid 250k to NU-FUELS for the option last year,which Manual Lombody (a director of india star) is an advisor to NU-FUELS ,where has the 250k gone?.

[flojo] 26/3/2010 08:23

This is total disgrace ,after all this time ,the directors have done nothing,i will try and get hold of Haresh Kanibar and his directors his number is on previous RNS ,jaylett i think you are correct in that the money is going to run out.

[jaylett] 26/3/2010 08:12

"The Company continues to focus on its strategy of making investments in mining related companies and alternative sources of fuel."

"The Company made a loss before tax of £37,195 in the six-month period to December 2009 compared to a loss before tax of £34,225 in the corresponding six months in the previous year."

"Administrative expenses (37,251)"

So £37k of wages, for absolutely nothing done in 6 months. No change at all in the asset base, they just sat on the three holdings they have. No indication at all of what they are looking at, or why nothing was purchased or sold. The gain made in the fair valued positions just about offset the loss in liquid assets (i.e. the cash they paid themeselves), so total assets stayed around the same level. They are basically using this as a source of wages, and nothing more. They have about another year at the current rate before the cash runs out and they need to start selling positions to pay their wages.

That's it for me I think, I'll take the loss.

Cheers
Jay

[flojo] 26/3/2010 07:48

Now we need a change of directors ,this is rotton,im to say the least shocked at this negative statement,we need a to try put a motion forward for a shaereholder vote of confidence.

[sagem] 26/3/2010 07:09

HALF YEARLY REPORT UP TODAY....NOT MUCH GOOD AT ALL

[flojo] 19/3/2010 14:27

Well i agree with all your frustrations holding as many as i do,if you want action then phone Haresh Kanibar and voice your opinions to his office his number is on past RNS ,02072970010 ,he is resposible as chairman to the shareholders,i cant understand why the option has not been exercised .

[h d shoring] 19/3/2010 13:19

Long way from Yorkshire to most company meetings and travel costs would be like throwing good money after bad .
Meanwhile enjoy my intermitent moans good for the blood pressure .

[jaylett] 19/3/2010 12:43

Only one person went to the AGM, ate some biscuits and got told to go away. If there had been 20 of us, shouting the odds, it might not have made any difference but at least they would know the strength of feeling. I include myself in this but sitting here moaning at each other every couple of weeks on here is worthless, outside of letting off some steam. We should have absolutely nailed them at the AGM.

The directors were however, 'very bullish', according to the person who attended. I'm sure they were, however I don't think that referred to the share price or the prospects of the firm, I think it referred to their work to salary ratios which are looking great.

Nearly the end of Q1, and nothing. Not a sausage. Laughable.

Cheers
Jay

[h d shoring] 19/3/2010 09:08

No but it must be too much .
the comforting thing is that the money will run out soon and the @}?;#{';,s will have to do something then

[sagem] 13/3/2010 22:09

Still nothing much happening

[chrismez] 12/3/2010 22:47

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!