RAB Special Situations Company Share Discussion Threads

[dunnie] 02/11/2006 11:46

i'm starting to buy the warrants today,aprox 48,000 at 9p

[f430] 16/10/2006 08:55

LONDON (AFX) - Nickel and chrome miner Oriel Resources PLC said it is getting
100 mln usd from a reverse takeover deal with Croweley International Ltd and IPH
Polychrom Holding BV.

Oriel will be taking over both unlisted firms in exchange for the issue of
Oriel shares. Croweley has cash of 100 mln usd, while IPH is constructing a
ferrochrome smelter in Tikhvin in Russia due to start production early next
year.

The Crowley deal priced the Oriel shares at 51.81 pence each, a 38 pct premium
to their closing price prior to the trading suspension on Sept 14.

Croweley is 100 pct owned by Alexander Nesis who, in turn, owns 50 pct of the
Tikhvin business through his indirect shareholding in IPH.

Once the transaction is completed, the enlarged Oriel will be owned 36.7 pct by
existing Oriel shareholders, 44.8 pct by IPH, and 18.5 pct by Croweley.

Oriel's executive chairman, Dr Sergey Kurzin, and management will remain.

'Under this three-way combination, our shareholders will benefit from the
assets, expertise, and political and financial strength of the entities we have
brought together,' said Kurzin.

'New Oriel will be a vertically integrated ferrochrome business with a strong
financial footing and increased capacity to develop our Shevchenko nickel
project (in Kazakhstan),' he said. [e-mail] mbe/nes

[isa23] 13/10/2006 14:42

Good value I think at these levels. A very good entry point given that resources are already moving up. (IMHO)

[seangray] 19/9/2006 18:19

SOLA - breakout on record volume today

[mister x] 19/9/2006 17:49

sivsy, with the listed vehicle trading at a -15% discount to its underlying NAV i cant see it moving too much either way, this fund is a disaster waiting to happen imo.

[sivsy] 19/9/2006 09:49

Possibly, but the hits on those are already in the price and the news on Oriel is still to be included.

[mister x] 18/9/2006 21:29

It will probably just cancel out the blow up of AEN and OXS.

[sivsy] 17/9/2006 16:21

Looks like one of the bigger holdings in the fund has come good; (Oriel Resources) rose 30 % before suspension this week on leaked news about possible takeover. Its gotta help ?

[ramillar] 06/9/2006 11:24

OK, but what brought the share price down so far? This is the first small upmove for an age.

[dunnie] 05/9/2006 17:01

The nav was more or less unchanged from the previous week in spite of AEN's collapse which shows the astute PR had either reduced RAB's stake or possibly cut all together anticipating bad news

Net Asset Value(s)

RNS Number:5222I
RAB Special Situations Company Ltd
05 September 2006

RAB SPECIAL SITUATIONS COMPANY LIMITED (the "Company")



The Directors today announce that the estimated Net Asset Value per Ordinary
Share based on the estimated value of the RAB Special Situations Master Fund
provided by the Investment Adviser as at 31 August 2006 was 143.18 pence. The
fully diluted Net Asset Value after taking into account potential warrant
dilution is 139.89 pence. As the market price of the Ordinary Shares as at 31
August 2006 was below the exercise price of the B warrants, we would not expect
any dilution effect to take place.


Enquiries to: Collins Stewart Fund Management Limited
No 1 Le Truchot
St Peter Port
Guernsey GY1 4AE

[energyi] 01/9/2006 02:16

Last November Asia Energy raised US$52million at £4.50 p per share through JP Morgan Cazenove which had just been appointed joint broker. Philip Richards will therefore not be the only prominent fund manager wishing he had taken a lead from HSBC and sold the stock before going off on summer holidays.

...MORE:

[jonno1] 31/8/2006 12:57

whoops...!

[topcar] 31/8/2006 12:28

£20 mil i hear ?

[jonno1] 31/8/2006 12:13

aren't these guys holding loads of aen???

[dunnie] 29/8/2006 08:29

NAV up


Net Asset Value(s)

RNS Number:1666I
RAB Special Situations Company Ltd
29 August 2006

RAB SPECIAL SITUATIONS COMPANY LIMITED (the "Company")



The Directors today announce that the estimated Net Asset Value per Ordinary
Share based on the estimated value of the RAB Special Situations Master Fund
provided by the Investment Adviser as at 24 August 2006 was 143.25 pence. The
fully diluted Net Asset Value after taking into account potential warrant
dilution is 139.94 pence. As the market price of the Ordinary Shares as at 24
August 2006 was below the exercise price of the B warrants, we would not expect
any dilution effect to take place.


Enquiries to: Collins Stewart Fund Management Limited
No 1 Le Truchot
St Peter Port
Guernsey GY1 4AE

[dunnie] 23/8/2006 12:43

I think the time has come to be buying RAB Capital shares and RSS shares or warrants,the reason being is that the seasonal correction in resource stocks is almost over and RAB's fund's normally enjoy their best period from September through to April of the following year

[mister x] 09/8/2006 20:45

i'm suprised this ticking time bomb hasnt fallen substantially this week given the fact thats it largest holding, OXS, is off -40% in under a fortnight. Id hate to think what would happen should Rab be hit with a wave of fund redemptions.

[nephin] 31/7/2006 18:42

Hello exmooriol, it's me yet again - please could you tell me the expiry date of the 'B' warrants, thanks a lot, I'll leave you in peace now.

Nephin

[dunnie] 25/5/2006 13:08

RSS have succesfully raised 23m from the warrants,and it may be a good time for them to go bargain hunting.

Conversion of Securities

RNS Number:5898D
RAB Special Situations Company Ltd
25 May 2006

RAB Special Situations Company Limited (the "Company")

Exercise of 20,000,000 A Warrants


All 20,000,000 A Warrants have been fully exercised at 115p per share raising
#23,000,000.



The Company announces that following the expiry of the A Warrants on 23 May 2006
warrant holders have exercised their rights to subscribe for a total of
18,295,787 Ordinary shares of 1p each.



A total of 1,704,213 warrants remained unexercised following the final
subscription date of 23 May 2006 and in accordance with the warrant instrument
The Law Debenture Trust Corporation plc has been appointed to act as warrant
trustee in respect of the remaining warrants. Any shares arising will be sold by
Collins Stewart Limited. The trustee will distribute the net proceeds of sale
after deduction of all costs and expenses incurred by him, except for
entitlements of less than #3.00 which will be transferred to the Company.



Application will be made for the Ordinary Shares created pursuant to the
exercise of the warrants to be admitted to trading on AIM. Admission is expected
to take place on 26 May 2006.



The total number of issued Ordinary Shares in the Company, including the new
Ordinary Shares, will be 60,000,000 Ordinary Shares. 20,000,000 B Warrants
remain in issue.


Enquiries to: Collins Stewart Fund Management Limited
No 1 Le Truchot
St Peter Port
Guernsey GY1 4AE

[energyi] 23/5/2006 15:22

Ok.
Anyway. That date isnt in the Header any more

[exmooroil] 22/5/2006 19:39

energyi,

146.92p. Post 298 refers. (no offence intended!)

Regards,

[energyi] 22/5/2006 17:43

??
what should it be then?

[exmooroil] 22/5/2006 17:15

energyi,

You have not corrected the entry for 10 March in the above table( NAV 141.25). It is clearly wrong, and was misleading at the time.

Regards.

[exmooroil] 22/5/2006 17:06

I will stick my neck out above the parapet and say that this "correction" has been overdone. It happened last year too, beginning in March 2005, and aided and abetted by the "quality" dailies,with horror stories about colourful characters representing the boards of new companies.

The resources market did recover by late 2005, and many of the companies floated since 2003 have advanced their projects either to production or to construction/development. High commodity prices have made these projects immensely profitable, albeit some still on paper.

Even though industrial metals prices have dropped recently, most are still priced massively higher than they were one year ago, and therefore producers and near-term producers could easily justify their company market values even before this correction.

I am a firm believer in the RAB Special Situations philosophy, but do not wish to "evangelise", merely to ask whether the global demand for raw materials can be met by existing production, or whether new sources of these resources are required.

It takes maybe 5-8 years to bring a potential resource to market.

I don't know the answers, but I like the odds.

Regards.