India Star Energy Share Discussion Threads

[tobyjug] 04/8/2009 09:45

A bit of info.

[flojo] 04/8/2009 07:46

Good find Clint,it now depends if it gos thruogh what price per share will INDY recieve and what price did we pay for them,also its one less investment the company now has ,comments please.

[clint2006] 03/8/2009 22:29

Anybody any views? Good or Bad? Interested to know! See link

[kombimatec] 22/7/2009 09:55

TNM formerly Golden Dragon

[flojo] 22/7/2009 08:49

Hello all,been away ,interesting on monday,10% rise could be something on its way ,will try to find out what is happening ,i would like to think a director has had a dip in !!

[helpermonkey] 21/7/2009 21:53

Guys - who are TNM?

[spurberry] 21/7/2009 21:25

what price if the purchase goes through, share price wise?

[kombimatec] 20/7/2009 17:35

TNM up 60% today

[jonno1] 20/7/2009 16:03

3 trades in one day!, is that a record?

[flojo] 14/7/2009 12:40

Hello Chrizmez ,will email you.

[chrismez] 14/7/2009 12:13

Well this thread has gone as quiet as the company itself so I've been re-reading the announcement re the variation agreement.

The board talks of "...WHEN THE OPTION IS EXERCISED" not "...IF AND WHEN ..." -I'm pretty sure the board's use of the English language is not their strongest facet but they have rather conveyed the impression that they intend to go ahead and exercise the option at some point with the next 12 months. Not left themselves much choice there. So if they dont go ahead ....!

Also, if they are intending to exercise it then why bother waiting - just get on and do it, now the discount has been negotiated.

[flojo] 01/7/2009 11:50

Thankyou jasonavfc37.

[jasonavfc37] 01/7/2009 08:22

Morning all,
Good luck with yr quest to become a non exec Flojo. I only have 150,000 shares which I intend to hold for med/long term. It would be nice to have somebody to keep us updated a bit more frequently.

[jonno1] 30/6/2009 13:49

0.4 - 0.6 nice spread couple of trade @0.48, last trade @0.4

[flojo] 30/6/2009 12:04

Am i dreaming or has this actually moved up !!!!!!

[flojo] 29/6/2009 16:20

Hello all,im still here,ive got to say im pretty anoid with this,i cant see why they dont go for it now,Chrizmez,i asked to be considerd for non executive director and was told it would not be "appropriate" at this stage,im not giving up,ive now got 3 million shares 1.8%.

[chrismez] 29/6/2009 14:28

Hmmm - well that's kicked that into the long grass for a while. Surely this company is capable of making a decision once in a while!!

Any more news on your campaign Flojo - now would seem an opportune moment to push on with it. The company as usual have given us no reasons as to why they have decided to extend, as opposed to exercising the option or allowing it to decay. Maybe you know why????!!!!!

[tobyjug] 29/6/2009 13:56

Just a reminder of what we are talking about.

[skintvestor] 29/6/2009 12:05

You were right Flojo!!!!

RNS Number : 6681U
India Star Energy plc
29 June 2009

?
India Star Energy Plc ("India Star" or the "Company")


Variation of Option Agreement


29 June 2009


The Company announced on 10 July 2008 that it had acquired an option to purchase
100 per cent. of the issued share capital of New Fuels International Limited
("NFIL"), a specialised development company involved in the creation of
renewable bio-fuels and bio-energy projects under an agreement (the "Principal
Agreement"). The option was exercisable before 10 July 2009. Earlier this year
New Fuels International limited changed its name to NuFuels International
Limited.

Under an amendment deed dated 29 June 2009 (the "Amendment Deed") it has been
agreed by all parties that the exercise period of the option be extended by 12
months to 10 July 2010. In addition the Company has negotiated an increase from
10 to 15 per cent in the discount rate to be used to determine the acquisition
price of NFIL shares when the option is exercised.


All other terms, conditions and definitions in the Principal Agreement remain
the same.


Enquiries:


India Star Energy Plc
Haresh Kanabar, Chairman
0207 297 0010


W.H. Ireland Limited
Tim Cofman/Katy Birkin
0121 265 6330

[jasonavfc37] 26/6/2009 11:28

I hope so Clint/Flojo I have been holding for some time now. 2 x 100,000 buys this morning.

[flojo] 26/6/2009 08:15

I agree clint ,news soon to give us an update,for those willing and that have been holding for some time, this i have said will be a winner.

[clint2006] 25/6/2009 21:18

Hiya Flojo

Think in this case no news could be good news. In my previous post I agreed with the sentiment about waiting for a better economic climate, and oil price, which then stood at approx $38 a barrel. However I believe the decision to extend the option was based predominantly on the oil price which may now be more favourable at current levels.

To wait longer and attempt to extend the option agreement could leave the door open for others.

The financial arrangements to raise capital for the full purchase, I understood, to be based on a share issue / purchase agreement so would remove the constraints for attempting to raise funds in what I agree are still difficult economic conditions.

But now may prove to be the right time for Indy to dip their toe in the water, so to speak.

Good look to all. Fortune favours the brave!

[flojo] 25/6/2009 08:27

Hello venture, there will be an update soon , i would imagine they will extend the option for nu-fuels scince we have had no news sooner which is not a bad thing really,considering the economic climate.