Shaft Sink Share Discussion Threads

[boystown] 19/10/2012 11:44

Surely the strike is a relative sideshow next to the potential liabilty of $800M for the Eurochem suit?

And as gymfit says - if the shares are a bargain and "any such claims are without merit" then why aren't the directors buying? Of course, this could be good news as they're not allowed to trade if they have any existing inside information (it's not currently a close perid otherwise) but with the exception of the NED putting £41k in in April at 82p - they haven't bought any.

If there is merit to the Eurochem claim - this could, presumably, go bust?

[gymfit] 19/10/2012 11:24

directors aint touching it with theirs

[rcturner2] 19/10/2012 11:23

I would agree with that addict, but it is a brave man who buys now, given what could still happen here.

[addict] 19/10/2012 11:20

My next recovery share.Sometimes bad news piled on bad news creates a disproportionate share price drop.I think this is the case here.DYOR

[noirua] 19/10/2012 10:02

The strikes in South Africa could go on for years. If people are prepared to die to get a better deal and the Government are just prepared to let it run, probably because they approve, then there is no end in sight.
Fortunately SHFT are just sinking shafts so short term deals can probably be done.

Future shafts to be sunk will probably be cost plus in Worker Strife Torn South Africa. So in the long run SHFT could do a bit better -- needs patience.

Buy on a strike they used to say in the UK and that probably is the case now.

[buywell2] 19/10/2012 09:44

The share price of SHFT is looking for a new all time low

The recent falls chartwise are getting more severe ie the angle chartwise in red

Should the fall now be of the same length/severity as the recent blue one

then Sub 25p is coming





The next bottom red channel line could then look like this

[molatovkid] 19/10/2012 09:18

In the long term this is a blip, short term a big problem....

[molatovkid] 19/10/2012 09:18

In the long term this is a blip, short term a big problem....

[rcturner2] 19/10/2012 09:15

Strikers don't tend to be logical. The damage to the industry can be huge.

[hectorp] 19/10/2012 09:14

Don't they need to eat and drink? the strikes can't last IMHO.

[monkeymagic3] 19/10/2012 08:34

Bum disease transferral initiated.

[buywell2] 19/10/2012 08:21

This is how some are now viewing the South African Mining Sector

ie ...... a BASKET CASE



Bloomberg|19 October 2012 00:16

AngloGold Ashanti (JSE:ANG) and Gold Fields (JSE:GFI), South Africa's biggest gold producers, should separate their troubled mines in the country from their foreign assets, John Hathaway, the managing director of Tocqueville Asset Management LP, said.

"I have advised the companies we know very well in South Africa that they should think of a way to separate their South African assets away from the rest of their portfolio," said Hathaway, who manages the $2.5 billion Tocqueville Gold Fund, on a conference call today. "There is an excessive discount on the assets they have outside of South Africa because of the news in South Africa."

The South African mines of the two companies have been caught up in a wave of illegal and violent strikes that began at the Marikana platinum mine owned by Lonmin (JSE:LON) on Aug. 10. Workers, defying their main labor union, are demanding pay rises even though an existing pay agreement has not run its course.

"I have a great deal of concern," the manager of the New York-based fund said. "Every year it seems to be getting a little worse."

Split, Divest

AngloGold mines about a third of its metal in South Africa, owns operations in countries including Ghana and Australia and is considering digging mines in The Democratic Republic of Congo and Colombia. Gold Fields gets half of its metal from South Africa and has operations in Peru, Ghana and Australia.

The South African mines could be separated into different companies or "divested," he said.

AngloGold shares fell 4.4 percent to 287.47 rand a of 4:33 p.m. in Johannesburg while Gold Fields declined 2.7 percent to 103.64 rand.

[rcturner2] 19/10/2012 08:13

As I said above, wait for the next set of finals in Apr 13 and see how bad things have got. Anybody buying before then is asking for trouble.

[buywell2] 19/10/2012 08:08

The SHFT BOD have their excuse already now in place ....

The Mining Sector in South Africa is in turmoil .... anyone invested in it now has just NOT done their homework.

The Charts saw it coming more than 2 years back


''Should the broader on-going industrial action in South Africa's mining industry continue, this may adversely affect the margin earned on the Company's South African operations. The Company will provide further updates as and when appropriate.''

[monkeymagic3] 19/10/2012 08:04

Bum now entering bum.

[buywell2] 19/10/2012 08:03

Bad news comes in 3's they reckon ..... oh dear

19 October 2012
Shaft Sinkers Holdings plc

Unprotected Work Stoppage

Shaft Sinkers Holdings plc (LSE:SHFT), the international shaft sinking and underground construction group, advises that on Wednesday 17 October 2012 some of its workers at Lonmin's Saffy shaft embarked on an unprotected work stoppage.

This disruption to operations comes amid unprotected action elsewhere in South Africa's mining sector. Management's priority is to maintain safety, peace and stability and to continue constructive dialogue with employees whilst adhering to the Labour's Relations Act.

Work at the Moab project for AngloGold Ashanti continues to be interrupted due to the illegal and unprotected strike there, as previously announced on 5 October 2012.

Should the broader on-going industrial action in South Africa's mining industry continue, this may adversely affect the margin earned on the Company's South African operations. The Company will provide further updates as and when appropriate.
Ends

[john09] 19/10/2012 08:03

This is getting beyond belief now. What a stupid RNS

[monkeymagic3] 19/10/2012 07:34

This share price has been taken up the bum. In fact, it is like it has been taken up the bum by another bum and that bum has some form of primal bum disease which makes SHFTs bum ill which in turn causes it to defecate on the second bum which accelerates the spread of the initial bum disease in SHFTs bum causing a spiral of bum on bum disease/defecation to a point of ultimate mutual oblivion.

What do the chartists think?

DYOR

[hubs] 19/10/2012 07:16

According to the charts, how and when will the South African mining strikes be resolved?

[rcturner2] 19/10/2012 06:51

And that just proves the point.

[noirua] 18/10/2012 20:50

Mind you guys, can you do better?

[rcturner2] 18/10/2012 19:52

I'm with coco

any halfwit can put a chart on a thread with some lines on it

it's more difficult to actually make a useful prediction from a chart