RAB Special Situations Company Share Discussion Threads

[giant steps] 16/6/2014 21:50

16th June 2014
Less Correlation Among Commodities Demands More Careful Selection: Philip Richards







"Among the metals, we particularly like zinc and nickel going forward. "

"On the precious metals side, we have exposure to gold and silver, with the emphasis on gold. In the energy sector, we have quite a lot of exposure to oil, some exposure to uranium and very little exposure to coal."

"In the Special Situations Fund, we have big positions in Falkland Oil and Gas Ltd. (FOGL:AIM) and Madagascar Oil Ltd. (MOIL:LSE), and a smaller position in Bahamas Petroleum Co. Plc (BPC:LSE). All three offer large upside prospects without too much downside risk.
"

"
Geopolitical risk is important. We prefer companies that are operating in a Western jurisdiction or a jurisdiction in Africa that has proven itself to be reliable. We have found it difficult to protect shareholders' interests in companies in the ex-Soviet Union countries.
"


No direct mention of Oxus Gold, clearly a hidden gem in the portfolio imo
(no advice intended)

[giant steps] 16/6/2014 21:24

Reminder



RAB Capital Limited acts as investment manager / advisor for RAB Special Situations (Master) Fund Limited (the "Fund") which is the beneficial owner of 30,000,000 ordinary shares in the issuer.

[giant steps] 16/6/2014 21:07

Reminder



* Dumont Nickel Project: A Billion Dollar Opportunity
* Third largest Nickel Reserve in the World
* Structurally Low Cost Project in Excellent Jurisdiction
* Developing the Next Great Canadian Base Metal Mine

Largest Shareholder - RAB Special Situations (Master) Fund Limited: ~17% [Slide 48]

[nobull] 15/6/2014 14:03

G.S. agreed these look to have bottomed, and should double on even a modest win from Oxus, but I'm sticking with Oxus. Also these should benefit as the time to start drilling in the Falklands gets nearer. Recall how TRP 5 or 6 bagged just on expectations before Welwitschia (sp?) was drilled.

[nobull] 15/6/2014 13:10

RSS's sector exposure is mostly oil (FOGL) (punting on a discovery from a fully funded 5 well drilling program that is to start in early 2015) and a largely disputed ownership of historic gold profits in form of the Oxus arbitration battle with the Uzbek Govt. over the value of an expropriated gold mine, both of which sectors the analyst below is raving about. She says China's slowing down of fixed asset investment is bad for investment led commodities like iron ore and copper (excuse me, but aren't cars consumer products, and don't they contain both iron and copper?), and that China's anticipated stimulation of consumer demand will be good for consumption led commodities like oil and gold. Am not a fan of investment trusts, but this one seems like a good way to play two high risk stocks (OXS and FOGL) without losing one's shirt, and they are in the right sectors (if you can trust the analyst below who slags off iron ore and then recommends two iron ore plays). Oh, and the discount to net asset value looks reasonable i.e. there is scope for it to improve.

hxxp://www.morningstar.com/cover/videoCenter.aspx?id=643863&SR=EVZ128

[giant steps] 15/6/2014 10:45

[Reserved]

[giant steps] 15/6/2014 10:45

A reduced risk approach to riding an Oxus windfall ?




24th April 2014

RSS Share Capital 64,137,761 Ordinary Shares, no Ordinary Shares held in Treasury.
so RSS @ 10p gives market valuation £6.41m


Other Links

[praipus] 12/5/2011 09:36

Weiss Asset Management out

[praipus] 28/2/2011 15:37

Weiss Asset Management scooping up some RSS see post 3 on the following thread for charts and other known holdings
.

RNS

[davebowler] 06/1/2011 09:48

The Directors today announce that the Net Asset Value (including income) per Ordinary Share, based on the estimated value of the RAB Special Situations Master Fund provided by the Investment Adviser, excluding shares held in Treasury, was 40.21 pence as at 22 December 2010.

[bisiboy] 31/10/2010 19:08

are these dead money

everything resources has been going up but the nav goes nowhere.

[qalbabbass] 08/3/2010 10:04

The share buy-back will certainly push the price up over the coming weeks. They will be buying a considerable chunk, 15%, so there wont be many shares available in the market. If we get some increment in the NAV then we should see this rocket.

I hope it has a positive effect on the RAB share price also.

[bamboo2] 10/10/2009 08:49

any one able to say why this has lagged the resource heavy AIM since july?

[bisiboy] 09/10/2009 22:58

can anyone post a link to the portfolio

[ianbrewster] 04/9/2009 12:26

I had forgotten I was watching this thread!!

Still a 33% discount to NAV - if they have been as aggressive with the value of their unlisted assets as they say, might be worth a look with a long term view

[rupe1958] 23/4/2009 10:18

Still seems to be good value. NAV 37.4p on 20/4. Share price 26.5p.
But I can't find a list of holdings.
AN alternative is to buy into RAB itself. Both seem to be good plays on the sharp recovery going on in junior resource stocks.

[energyi] 24/2/2009 14:20

I bought recently at 17.5p

The Directors today announce that the 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 19 February 2009 including income was 42.72 pence

[bamboo2] 07/2/2009 00:23

so mr E, are you buying here?

[energyi] 06/2/2009 00:29

29 January 2009 including income was 42.55 pence

Roy Nominees Limited
6. Date on which issuer notified:
2/2/09

7. Threshold(s) that is/are crossed or reached:
5% - 4.27 million shares

[energyi] 19/1/2009 16:10

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 15 January 2009 including income was 43.63 pence.

Stock was 18.5p