Newriver Reit Share Discussion Threads

[spiv 1] 06/3/2006 11:49

Don't think St James and Nardina are sister companies but some of the management is common to both. IMHO there is a leak somewhere here and Nardina have a nice deal on the table which I suspect we will be announced in due course.

[din007] 06/3/2006 11:40

Who is IVE?

Spoke to Cornhill and they said that they should have something with regards to the Oil Pre-IPO by the end of the month at latest.

The Uranium Pre-IPO will follow later...

[monkeyboy4] 06/3/2006 10:47

Still moving up. Anyone any ideas why? IVE is sister company of NRR I think. Not sure what the relevance of St James is. Presumably any deal will be separate even if the companies involve the same people.

[dhamilton] 06/3/2006 08:49

Another big tick up, could this have some thing to do with St James.
Are they not sister companies?

[din007] 05/3/2006 20:52

Fingers-crossed that both work out...

[spiv 1] 05/3/2006 19:22

The oil pre-ipo is not definate but if it happens its in Azerbajian (probably spelt wrong), high risk but possibly high reward. The S.African venture is probably a few months away but is a uranium mine. I think its an ipo.

[dhamilton] 05/3/2006 17:31

Din007
Don't know the full details, best call Cornhill

[din007] 05/3/2006 14:30

What IPO in South Africa?

Sorry, maybe I missed something...

[dhamilton] 05/3/2006 14:21

I thought that they had problems with the IPO in S.Africa.

[andy] 05/3/2006 11:08

spiv1,

What's the oil IPO please?

[spiv 1] 03/3/2006 23:14

Looks like a few others agree. Big % rise today on decent volume. Perhaps we'll see an rns next week.Looks like St James will be late next week or the week after. According to Cornhill St James is 400,000 over subscribed so later applications may be scaled back. They also have a possible oil pre-ipo which looks like it could be interesting and longer term an investment opportunity in a uranium mine in S.Africa.

[mdchand] 28/2/2006 14:39

well going on anecdotal evidence, taking into account the fact that the float was delayed due to a higher fund raising requirement of circa 10m, makes me suspect (and indeed, not something cornhill denied) that they have found, or at the very least, have a specific target in mind. however i reiterate the word anecdotal!

[spiv 1] 28/2/2006 12:52

Have St James got an investment lined up already then md?

[mdchand] 28/2/2006 10:21

spiv - my gut feeling is that this company was floated for a specific reason....so i would hope that any news is a matter of weeks away rather then months. its certainly the case with st james anyway.

[spiv 1] 28/2/2006 08:21

Its a mining cash shell so news will only come when they find an appropriate investment. Could be tomorrow could be months away.

[dhamilton] 28/2/2006 07:51

Any one know if news is on the way, or what they are up to?
This is like so many of my stocks, like watching paint dry!!

[dhamilton] 27/2/2006 17:19

Maybe to late now, ring Cornhill and find out.

[wiseghai] 27/2/2006 14:48

do u know if u can still buy in..

[dhamilton] 24/2/2006 07:15

St James floating first week in March..

[din007] 23/2/2006 23:21

Peter_Williams,

Can you please expand on your comments?

[peter_williams] 23/2/2006 21:50

I think you will see tremendous proffits coming from this one, If you have the money, BUY, BUY, BUY!

[dhamilton] 22/2/2006 16:08

Thank you Andy

[andy] 20/2/2006 08:13

dhamilton,

"and with AIM rules now requiring such companies to make an acquisition within 12 month or return funds to shareholders."

[dhamilton] 20/2/2006 07:42

Is it within a 12 month term they have to acquire some thing or longer?

[din007] 17/2/2006 20:26

A little extra news regarding the St James IPO...

Next IPO:

St. James's PLC - Following on from the Success of Braemore (+750% since float), Altona (+800% Since Float) and Empyrean Energy PLC (+300% since listing) comes St James's PLC, Christopher Lambert's latest vehicle backed by David Lenigas, the ex managing director of Asia Energy (+400% since float). David Lenigas is also on the board of Braemore and current chairman of Mediterranean Oil and Gas (+42% since float). Of particular interest, due to the similarities with St James PLC, are Altona and Braemore. Braemore, which floated in March 05 at 1p, steadily increased in value to 6p in May 05 when it was suspended pending the injection of a Major Australian Nickel asset with an estimated in-situ value of $5.2 billion. The stock was released from suspension 2 months later and opened at 15p per share (1500% from float). Floating at 1p, Altona followed a similar path rising to 6p in August when they announced their intention to acquire an Australian coal asset which was signed a month later, at which point the stock was trading at 8p. Clearly with such a track record, David Lenigas and Chris Lambert have the ability to back and source the type of deal that makes the city stand up and take notice and with AIM rules now requiring such companies to make an acquisition within 12 month or return funds to shareholders. With this in mind St James' looks very attractive over the medium term – Buy at 3p.