Shaft Sink Share Discussion Threads

[hedgehog 100] 12/12/2013 18:49

Muckshifter,

You've falsely accused me of making things up before, as when I said that your best two investments were forty years ago (though you've since had a third one), but you've then had to back-track when I provided the post extract and link.

I don't have time to trawl through hundreds of posts, with Christmas shopping, but there is one particularly important quote of yours from April on this thread that I'd like to flag up, because it illustrates your false scaremongering about SHFT.

From post 1893 on this thread:

muckshifter 30 Apr'13 - 11:16 - 1898 of 2353 1 0
" ... The Hindustan Zinc project and the Kibali Goldmine project are both potentially company makers, or breakers, because of their significance in terms of overall project development costs and critical path. The Hindustan contract has already experienced delays caused by, I suspect, the muckshift subcontractor (unforeseen ground conditions anyone?), and the Kibali job mentions logistic problems which they believe have been overcome. Such things, at the start of a major project, do not bode well for programme float. ... "


Both major projects have recently given positive updates:

07/11/2013 07:01 RNSNON Shaft Sinkers Holdings Plc Kibali Project Update

"Shaft Sinkers Holdings plc (LSE:SHFT), the international shaft sinking and underground construction group, is pleased to announce the start of the Main Sink Phase at the Kibali gold mine ("Kibali") underground shaft in the Democratic Republic of the Congo. The commissioning of this changeover marks the commencement of the main sinking phase of the project for the 760 metre vertical shaft and follows successful completion of the site infrastructure, civil and construction works.

Kibali is a joint venture between mine operator, Randgold Resources (45%), AngloGold Ashanti (45%) and Congolese parastatal, Sokimo (10%). The project is situated near Doko, in the north eastern Orientale province and Shaft Sinkers were awarded the mobilisation and vertical shaft contracts in November 2012 with an estimated total value of GBP82.3 million. Shaft Sinkers is confident that it will meet the overall project completion schedule for the final commissioning and hand over of the permanent shaft in November 2017.

Alon Davidov, Chief Executive of Shaft Sinkers, said:

"The successful completion of the first blast is a major milestone in the sinking of the Kibali vertical shaft. The Kibali project is typical of the type of work which Shaft Sinkers is increasingly undertaking - a vertical shaft being developed to supplement an existing open pit operation outside of our core South African market. I would like to congratulate both the owners and the Shaft Sinkers Team working on the project for their hard work and we look forward to delivering the remainder of the project on time, on budget and to client expectations."

Mark Bristow, Chief Executive of Randgold Resources, said:

"Kibali is an important project for Randgold Resources which when in full production will produce 600, 000 ounces of gold per annum and will be one of the largest gold mines in Africa. We are pleased with the way the Shaft Sinkers team has worked with our owners team and their commitment to keeping to schedule and controlling costs and we look forward to working with them on the remainder of the project." "



09/12/2013 07:01 RNSNON Shaft Sinkers Holdings Plc Hindustan Zinc Project Update

"Shaft Sinkers announces main shaft first blast at Hindustan Zinc's Rampura Agucha Mine
Shaft Sinkers Holdings plc (LSE:SHFT), the international shaft sinking and underground construction group, is pleased to announce the first blast at the Hindustan Zinc Limited ("Hindustan Zinc") Rampura Agucha zinc mine shaft in the Bhilwara district of Rajasthan, India. Rampura Agucha is the world's largest zinc mine, operated by Hindustan Zinc, a wholly-owned subsidiary of Vedanta Resources plc.

Hindustan Zinc awarded Shaft Sinkers the contract for the sinking of the main shaft as well as the north and south ventilation shafts at Rampura Agucha in May 2012. This blast marks the start of the main sinking phase for the 950m vertical shaft.

Alon Davidov, Chief Executive, said:

"We are delighted to announce the first blast at Rampura Agucha. We have successfully overcome a number of challenges and are pleased to mark this significant progress of the project. Our work for Hindustan Zinc will extend the mine life of one of the world's largest zinc deposits. Shaft Sinkers is focussed on helping our clients to make the most of their existing assets in a conservative industry environment."

Pavan Kaushik, a spokesperson for Hindustan Zinc, said:

"We are pleased to reach this key milestone at the Rampura Agucha mine and looking forward to the successful completion of this project." "




It's been the same about SHFT's share price performance.
It's been the same about SHFT's finances.
And it will be the same about the EuroChem dispute.

But hey, I'd like to pick up some more SHFT before next summer, so if you want to keep on trolling then be my guest.

[hedgehog 100] 12/12/2013 14:44

More great operational news from SHFT on Monday, which now seems to be coming thick and fast.

Didn't you insinuate, Muckshifter, that SHFT's Hindustan Zinc Rampura Agucha Mine project had similar problems to the EuroChem project, LOL?!


And on the subject of EuroChem, what you're forgetting is that it is over 90% owned by just one man, i.e. Andrey Melnichenko, so what he says goes.

And he does appear to be rather trigger-happy as regards legal actions for outlandish sums, and accusations of fraud.

Some extracts from Wikipedia:

"Andrey Melnichenko owns the Motor Yacht A, which was launched in the Summer of 2008 following a four year build. The yacht was designed by Philippe Starck and Martin Francis[13] and built at the Blohm + Voss shipbuilding yard near Hamburg, Germany.[14] Andrey Melnichenko is currently suing Dulux owner Akzo Nobel for $100 million claiming the paint company's incompetence forced him to redecorate "A" as he argues the paint appeared to be 'running' and the coats began separating from each other causing 'lines and sags.[15]

Melnichenko has also taken legal action over the height of a sculpture he purchased for £423,000 claiming it was half the size he and his wife Aleksandra expected it to be. The sculpture is entitled Sonno Grande (Big Sleep) by Polish artist Igor Mitoraj and should have been over seven foot tall according to the Melnichenkos. The sculpture that was delivered was under four feet in height. Melnichenko sued through the Isle of Man based art company Hamilton Art Ltd, New York art dealer David Benrimon who supplied it. He was sued for £2.6 million in damages for breach of contract and fraud. Benrimon has reached a settlement with the Melnichenkos.[16]"

[hedgehog 100] 05/12/2013 18:57

No mate, that's the reality.

And there is actually quite a lot of information about this case in the public domain, which has been posted on different threads - certainly enough to form a very good view.

[hedgehog 100] 05/12/2013 18:54

TROLL-TALK TRANSLATION GUIDE

Muckshifter term: "Bull _ _ _ _ "
Translation: "Intelligent and insightful analysis"

Muckshifter term: "Lies"
Translation: "Truth"

Muckshifter term: "Distorted"
Translation: "Exposed"

Muckshifter term: "Bad SHFT news"
Translation: "Good SHFT NEWS"

Muskshifter term: "I am posting to help people"
Translation: "I am posting to help myself"

Etc., etc. ...

[muckshifter] 05/12/2013 18:50

Yes Hedgehog, that's the spin.

[hedgehog 100] 05/12/2013 18:29

muckshifter 5 Dec'13 - 18:21 - 2350 of 2350 0 0
"Well Hedgehog,
I've nailed you for lying.
I've nailed you for distorting the meaning of my posts.
I've nailed you for falsely inferring my position on a subject, which you based on the lack of a post declaring the opposite position.
I've nailed you for continuously trying to mislead on the subject of my work, in the face of overwhelming evidence which you knew.
I've nailed you on attempts to mislead about my investment record.
And your stupid childish name calling is there for all to see. ... "


LOL, LOL, LOL - you really are thick and demented aren't you!

In order to "nail" someone you need evidence, you dense git, not just unsubstantiated (and false) allegations.

I.e. Provide verbatim quotes, with post numbers, etc.


You must be thick and demented to think that anyone honest and intelligent would take your word over SHFT's: the word of an anonymous, deramping troll over a fully-listed company:

30/08/2013 07:01 UKREG Shaft Sinkers Holdings Plc Half year results
" ... the Board considers that the existing facilities are adequate for the Group's financing needs in the foreseeable future."

[hedgehog 100] 04/12/2013 21:00

Muckshifter,

I said:

"A potty mouth may be a sign of thickness."

Note the word "may".

Did I say that you were thick? No.
It was you who seemed to feel that the cap might fit, so elected to wear it.

As regards the real issue being fraud: the facts show clearly that that is the issue - there's a whole wealth of material that has been posted on different threads.

By claiming fraud you can open doors to claims that would otherwise be firmly shut.

But I've seen nothing that actually indicates any fraud by Shafty, on the contrary.
And in any case actually proving fraud is very difficult.

[hedgehog 100] 04/12/2013 20:37

As regards trying to blame me for your SHFT trolling: you had started long before I started posting on SHFT - my first SHFT post was not until this year.

I've said previously that if I stopped posting on SHFT you would still be here, and that was proven when I took a nearly two month break in July and August this year: when I came back, I found that you had still been trolling away.

But you have to try to invent some reason, because you cannot admit the truth: which is that you are a trollmeister who cannot stop trolling because you are hooked on trolling, like the troll king you are, who is off his trolley.

[muckshifter] 04/12/2013 08:27

Hedgehog post 2342:
"When SHFT was 15p, Muckshifter and other trolls were ludicrously suggesting that it was going to pennies or worse, when people like me and Rainmaker were buying ... I suppose we should thank them!"

Yet another direct lie, written with the sole intention of discrediting a poster when Hedgehog cannot deal with valid points.

Regards.