Ross Share Discussion Threads

[smackeraim] 15/2/2021 19:40

boo hoo fenners ..

[fenners66] 15/2/2021 16:59

DF "Tamraz is the lead MEMBER of a group who have just bought 29.9 per cent of PETREL"

For "Just " read July 2019
They then negotiated to buy enough new shares to take their shareholding to 51%
Were awarded the shares in Nov 19 with a lock in agreement and credit terms to pay 1p a share by Jan 2020.

They failed to buy them , even though the share price hit the mid 20's so on paper a huge profit. Furthermore they said at the time of increasing their stake that they would "put" a £100m asset in PET by 90 days .....

90 days is long since past.
Some of the shares were sold in breach of the lock in agreement and so PET had to take them to court to get that enforced.
Subsequently after failing to pay for the shares to get them to 51% the shares were cancelled.
One of the concert party was asked to stand down from his board position.

The Board noted that the CP had no title to any of their discussed assets only ideas and said the CP "either would not or could not" pay for the shares.

Tamraz was previously involved with a quoted Nordic company where he was supposed to be buying a stake or introducing assets - despite that being RNS'd it never happened.

Suggest anyone does their own thorough research.

Some PET shareholders are still awaiting the day that Tamraz rolls up and gifts them £100m but PET shareholders have a long history of just waiting for something to happen anyway.....

[smackeraim] 15/2/2021 15:36

Now what does he want with a tiny cap shell?

[smackeraim] 15/2/2021 15:32

Concurrently with the SUMED project, Tamraz conceived and financed the world's largest chemical methanol plant in Jubail, Saudi Arabia in partnership with Japan's Itochu Corporation and Mitsubishi Heavy Industries. Tamraz continued subsequently as an advisor to Itochu senior management, especially on Middle East energy strategy. The methanol project included a five-year, 100-million-barrels (16,000,000 m3) preferential crude oil supply contract for Japan.

[smackeraim] 15/2/2021 15:30

In the 1970s, Tamraz conceived, financed and built the well-known 200-mile (320 km) long Suez-Mediterranean (SUMED) Pipeline in Egypt, considered as "one of the world's greatest engineering feats", a pipeline designed to run parallel to the blocked Suez Canal, which had been closed since the 1967 Arab-Israeli war. Using Bechtel Corporation as prime contractor, the pipeline, which comprises two parallel 42-inch lines, was opened in 1978 with a capacity of 1.6 million barrels per day.

[john148] 14/2/2021 19:25

Check the trend tomorrow when market opens is my advice.

[namsoejones] 14/2/2021 18:15

Would you recommend buying tommorow?

[john148] 14/2/2021 11:07

It looks to me as though there is going to be an announcement in coming weeks so I expect a strong run up till then.From the webinar before XMas it appears a number of contracts have already been agreed.

[oakemanor] 14/2/2021 08:11

Morning all, Its possible that the markets are bidding for Roger Tamraz. He will want a sizeable percentage for sure!! I've held a huge percentage since 1996, at the time time they were the lowest priced, fully quoted share on the stock market. I always thought Ross would be a reverse takeover! However, for me what should have been a short term punt, has been a long term hold!! Is it going to happen at long last?

[john148] 14/2/2021 00:38

Apologies I meant Roger Tamraz. (Should not be posting this late).

[john148] 14/2/2021 00:30

RGP will no doubt need cash in order to develop and produce Chitin. That's where I think Robert Tamraz's experience as a Venture Capitalist comes in.

[ducky fuzz] 13/2/2021 10:26

Hi John .. Tamraz is the lead MEMBER of a group who have just bought 29.9 per cent of PETREL .. PET .. We on the PET bb are wondering whether there is a link between the
two companies.

[john148] 13/2/2021 10:21

Ducky Fuzz. I've held a small amount of shares in this company for many years but more recently decided to top up because as per Barry Pettitt's webinar,I believe RGP may have a plan. Also the addition of Roger Tamraz to the BoD adds an element of interest. It's unlikely anyone will lose their shirt buying this penny stock but I believe there is a story unfolding here which may prove profitable.

[ducky fuzz] 13/2/2021 05:46

Why did you buy John ..

[john148] 12/2/2021 21:45

If it was pump and dump I think you'd have more Bulletin Board chatter. Plus you have the Barry Pettitt webinar before Christmas and a new Director. Of course, having bought in a couple weeks back and seen a near 160%,I may just be "blinded by the light".

[terminator101] 12/2/2021 19:21

100% pump and dump

[john148] 12/2/2021 17:01

Is the recent appointment of Mr. Roger Edward Tamraz a coincidence? DYOR.

[tomboyb] 12/2/2021 13:15

Annual report -


Convertible loan debenture
The parent entity issued two convertible loan debenture (CLD) on 27 September 2018 for £4,010,000 and £2,062,172 at a coupon rate of 5%.
The notes are convertible into Ordinary shares of the parent entity in three years after the date of issue. The convertible loan debenture will give right to a percentage of the issued share capital of parent company at the date of conversion. Each tranche of £1 Million CLD owed by the long term loan holders correspond to 4.925% of the issued share capital at the date of conversion,
resulting in a fixed percentage of the issued share capital of the company to be allocated to the loan holders regardless of the value/amount of the share capital of the company

So although on the front it looks like significant debt that is convertible at £1mill per 5% of total equity -

Roughly equates to around 10p per share conversion if someone can correct me -

Overall no view here unless a JV is in sight -

[tomboyb] 12/2/2021 12:39

510K AT 3.8p -

A buyer around here -

4p on ask -

[ramellous] 12/2/2021 12:12

Probably, I’ve got a few of these from the last spike a couple of years ago. Been waiting for another one to offload.

[pugugly] 12/2/2021 11:40

Lambs to the slaughter??

[ramellous] 12/2/2021 11:37

From the last webinar..

“Ross Diversified Trading Limited has recently entered into a number of conditional transactions with certain mining, mineral and utilities companies regarding a number of international contracts and projects and it is also our hope to be able to make an announcement in this respect in the near future.”

Mining companies? Bitcoin mining? Who knows..

[tomboyb] 12/2/2021 11:07

Limits changing on buys and sell so dyor -

Website is there for info -

Webinar tells a bit more i.e JV