Shaft Sink Share Discussion Threads

[rcturner2] 24/7/2013 07:31

For example here is a post from earlier in the thread:

RCTurner2 10 Jul'13 - 14:41 - 2204 of 2291 0 0 edit

Right now miners are focussed on survival not expansion.

SHFT will be lucky to get any new business in this climate.

[rcturner2] 24/7/2013 07:27

cocomac, it might help to read what I actually write rather than what you think I write.

Firstly, I have never been short on any stock and make my money from buying shares.

Secondly, I have never said that shift are going to collapse. My view is that since they depend on the mining industry for their business, almost entirely in SA, they are in a very dangerous position. So far that seems to be the market view too.

[cocomac0] 23/7/2013 22:26

RC all u care about is making more money by overstated scaremongering so people get frightened into selling, not about people buying in coz of me or HH. My position is moderate, it's your position that's extreme i.e that the company is going to colapse, and u still can't justify it in anything other than hollow words rather than financial figures. It's my position that I can sit here for however long it takes for the current SA miners situation to blow over and miners return to money making to feed their families, that's pretty much inevitable. And indeed also this eurochem nonsense to be resolved which I'm prepared to bet will show eurochem to be culpable, tho maybe not 100% culpable. not forgetting that there is a counterclaim for unpaid finances. Further, with a P/E ratio of less than three!! it's my position that when these two factors are resolved this stock is way undervalued. There's clearly buyers out there at the moment so I ain't the only one with these opinions

RC, Please feel free to find some quotes from me which u say are drivel.

I would say well played to those shorters scaremongering tho, I'd imagine it has had an influence on the SP, but shorts have to close some time for u lot to realise profits!!



Oh, and Coco the clown........ honestly, are u 12 years old RC, grow up eh!!!

Cheers, peace out

[rcturner2] 23/7/2013 17:02

I only hope no one bought into this stock on the back of the drivel posted by hh and coco the clown.

[muckshifter] 23/7/2013 16:22

Just as a matter of interest to anyone who still half believes the idiotic article by Helmer which got Hedgehog so excited, and further to my post 54 on "SHAFT SINKERS - the thread for debate not bile", where I believe I demonstrated that Helmer's "breakeven" suggestion of $500 / tonne of Potash for the Eurochem project was drivel, it would be worth having a look at the Sirius thread here on advfn. At the bottom of the header is a pointer to a presentation in which Sirius show their new mine, which has slightly more expensive shafts than Eurochem anticipated and slightly lower transport costs, but is otherwise quite similar although deeper, making 55% ebitda at a price of $250 / tonne.

Which supports my contention that Eurochem would remain profitable at $300 / tonne as opposed to "breaking even" at $500 as per Helmer's figure, conjured up to support a pathetic arguement.
Regards.
PS. The proposed Sirius mine is near Whitby, I forgot to say, and is a completely new development - similar to Eurochem.

[supaflyguy] 23/7/2013 08:34

"The quantum of unpaid variation orders which has again materially increased" More bad managment, I always get a signed contraction variation before I do anything extra in my line of work, but have seen many contracts where these change orders dont get signed, dont get paid. Its painful and does bad things for relationship mgt and future business.

[muckshifter] 22/7/2013 18:59

I think there is truth in both those points. He only saw what he wanted to see, and he was exceptionally naive. This lack of realism was exacerbated by the fact that he was very over confident about his own level of knowledge, which was in this case abysmal.

Some people never learn.
Regards.

[buywell2] 22/7/2013 18:45

Why ?

Because I use the chart to guide me

[buywell2] 22/7/2013 18:44

I never read 95% of his inane thoughts










































Anyone who disagrees with me is wrong.

[rcturner2] 22/7/2013 18:27

The fact that he is no longer posting his repetitive ramblings would indicate that finally he no longer believes them himself.

[rcturner2] 22/7/2013 16:48

I think simply, like many, he had bought the share and then exhibited all the usual human biases of only seeing what he wanted to see.

[wylecoyote] 22/7/2013 16:38

muckshifter, I am not a malicious person and will admit to being frustrated with his shananigans and twisting the evidence to suit his own ends. I don't know what his motivations were, but if he was naive, I hope he didn't loose his shirt. If he was trying to pump and dump, I have no sympathy. Still, the arguments were quite entertaining...

[muckshifter] 22/7/2013 13:27

I'm quite surprised by Hedgehog's absence, but perhaps he has at last looked at this company carefully. He might have noticed that the company attained a value over the course of 46 years of approx £3.5m, was majority bought by a bunch of extremely dodgy ex soviet business men at that price, multiplied its turnover in a very high risk type of business by a factor of five, almost overnight, reached a stock market value of £95m within a very short space of time ( and according to HH was destined to reach £1billion market cap), then failed on its biggest project, and during the course of the subsequent dispute allegations of serious corruption came out.

Perhaps the boys will do another ENRC, where they are buying it back for half its asset value and a share price lower than before their offer and there is nothing the other shareholders can do about it.

We'll see, but if they announced a big contract he would be back, I reckon. He claims to be an accountant and has probably realised that a dividend this year is very unlikely without a cash influx from a new contract, which would be an embarrassment after all his repetitive predictions.
Regards.

[wylecoyote] 22/7/2013 12:46

sounds like VLX then...;-)

[buywell2] 22/7/2013 12:42

He's been laid off

Cost cutting measures

[wylecoyote] 22/7/2013 10:57

com' on...10.0p. Where is HH? I thought this was the investment of the century and massively undervalued?

[buywell2] 19/7/2013 09:25

Well if it's worth something the best thing the SHFT BoD could do would be to put the company up for sale before things get any worse

[muckshifter] 19/7/2013 09:20

No buywell, I'm not saying that at all. If it works as well as "you know who" would have us believe, it will be reasonably valuable, but not worth the £billions that he implied. And it might take a few years to achieve the reasonable value, imho, as it would take some time for companies to perceive the benefits, and be prepared to buy during a period where capital expenditure is likely to be restricted.

But my main point was that short term shut downs serve a very useful purpose in any working system with lots of critical components, so for instance, if a conveyor in the mine breaks down during operations it stops the movement of material and would be fixed asap while production would be lost, but to check it thoroughly and say replace worn rollers or belting etc. in order to avoid breakdowns during production, you need a periodic shut down when the maintenance teams can work without hinderance. It was the naive theory being advanced by HH that use of this devise would mean an extra 4 - 10 hours of production time / week, that I was addressing.
Regards.

[buywell2] 19/7/2013 08:43

So what you are saying muckshifter is that the much vaunted SHFT technology that HH has been going on about ain't worth a bag of peanuts.

[rcturner2] 18/7/2013 21:31

Still no sign of the two clowns, hedgehog and coco.

No humility, no apologies. A pair of cowards.

[wylecoyote] 17/7/2013 13:25

buywell,

yes, It is worth considering, but only if certain things happen and Gold starts to bounce from that level. If it dropped to $800/once, it would compromise your choices.

[mega_trader] 17/7/2013 12:42

Hi MS, eurochem might want to restart opperations asap with a rising potash price. Although I don't see a potash price at peak levels, if demand picks up or is projected to rise it could force the issue. Complicated stuff as we know but business is business etc.

Buywell2, I have to say that gold had a good run thanks to the banking/euro/fiscal crisis. Oddly, if the world picks up ecconomically then gold could remain high, but there is also a chance of another crisis roun the corner, eg a end of bond buying/stimulus, chinese credit crunch etc so a good fall back play for sure.

ps MS, they don't half pick their clients/partners/subbies! live and learn.

[buywell2] 17/7/2013 11:16

If GOLD crashes to $1000 or less then it might pay to have a couple of GOLD Mining stocks ready to invest in