Shaft Sink Share Discussion Threads

[21trader] 05/9/2014 08:35

wow 12.75p offer the mm's have been running for cover all week

[21trader] 05/9/2014 08:33

No stopping Shaft now as it gradually heads towards 14p

[21trader] 03/9/2014 09:09

Something delayed to show mm's do not give away free money you know.

[21trader] 02/9/2014 10:11

Still climbing though break 10p and it could go a bit

[trek3] 29/8/2014 13:41

21, don`t forget they have a rights issue and
dilution coming, punters are waiting to see
what transpires, including me!

[21trader] 29/8/2014 12:34

If they could just make 3% profit margins that would be 6 million PE of 10 around 90p or 5% would be 10 million profits.

I know it's dreaming but why take on all that work if you do not intend to make
money from it.

[21trader] 29/8/2014 12:25

Anybody here. Seen Wrn 653% up on some iffy numbers.

What about Shft 5 million market cap 200 million order book and financing more secure now just a thought but the market seems in the mood for some bonkers risers now and I'm thinking this could do one as well ?

[21trader] 29/8/2014 11:34

Not much stock about currently 7500 max online

[21trader] 29/8/2014 10:39

Might do it today buywell. Bought a few back

[buywell2] 27/8/2014 15:14

That's two nice little wiggles on the chart now ...


























but the angle of elevation needs to be bigger to achieve escape
velocity methinks

[someuwin] 26/8/2014 09:13

RNS Number : 9630P

Shaft Sinkers Holdings Plc

26 August 2014

26 August 2014

Shaft Sinkers Holdings plc
("Shaft Sinkers" or "the Company")

Shaft Sinkers Holdings plc (LSE: SHFT), the international shaft sinking and underground construction group, is pleased to announce that Marius L Heyns has been appointed to the Board as Director and independent non-executive Chairman with immediate effect. The appointment follows the resignation of Stephen Oke who had chaired the Board since August 2012.

Mr Heyns, a South African national, has held a number of senior positions in civil engineering including the role of CEO of Johannesburg Stock Exchange listed construction, engineering and mining group Basil Read from August 2004 until his resignation in2014.

Alon Davidov, Chief Executive Officer of Shaft Sinkers, said:

"On behalf of our Board I am delighted to welcome Marius Heyns as our Chairman. His experiences, both with a variety of complex international engineering projects and in delivering sustained growth at Basil Read, will make an immediate positive impact on the Company during an important time for the Company."

"On behalf of the Company I would also like to thank Stephen Oke for his contribution during his time as Chairman of Shaft Sinkers. Stephen has supported the Company since its IPO and led the Board through a difficult period as well as a number of significant developments since that time."

Marius Heyns said:

"I am very excited to join Shaft Sinkers which is regarded as a leading company in the mining contracting industry around the world and has an impeccable reputation in South Africa for over 50 years. I look forward to working with the shareholders and board as well as the executive team to implement a recovery and growth strategy that will benefit all stakeholders."

[oldtown] 22/8/2014 15:25

This shaft is somewhat flaccid.
Target 2p.

[bad robot] 22/8/2014 14:47

Looks like many got shafted by shaft in the spike

[bad robot] 22/8/2014 14:15

everyone can subscribe, so most will take a massive opportunity to average down , well the ones who are dwon heavily

[buywell2] 22/8/2014 14:09

They timed the news just right to coincide with the spike

Funny that

But what conditions will the new money insist on ?

And how much will they raise ?

I would imagine the new contract depends upon sufficient funds being in place

[21trader] 22/8/2014 13:47

ryan

Yes. I mentioned it yesterday but nobody listened as normal.

[trek3] 22/8/2014 13:43

I out at 9.55, wait till dust settles, definately
one to watch though.

[ryan83] 22/8/2014 13:38

good trade 21T. Dont see any reason to buy now when conversion prices are well south of current shareprice. Just my thoughts.

[rcturner2] 22/8/2014 13:17

It's a 4 to 1 dilution as far as I can tell going by the "78%" figure quoted. Existing shareholders will own 22% of the total shares once the loan notes are converted.

[21trader] 22/8/2014 13:10

Limits filled nice profit so I'm out.