Monday 11 January 2016
Paragon Diamonds *Delisted*
Basically Paragon is finished, along with my £44k, I'm coming to terms with it.
Oxus *Suspended*
Had a really pleasant family Christmas, but then today the grim reality has returned to my thoughts, the fact that I really have lost every penny of my investments in OXS and PRG, all in a 24 hour period!
Bollocks to AIM, I'm finished with it.
But don't worry brokers, there'll be another mug along to replace me any moment.
Waved goodbye to £86k. It was always a remote possibility. This is AIM after all.
Well AIM has royally shafted me in December.
Both my 2nd and 3rd largest holdings (30% of my portfolio) wiped out.
PRG will return 0p, and just today OXS which I have held and accumulated for 5 years was suspended as they 100% lost a long running arbitration.
They will return 0p too.
My largest holding, GVC, is set to move to a main listing in Feb. Following that, I will never, EVER, hold an AIM share again. It's been disastrous.
Bollocks to AIM, I'm finished with it.
But don't worry brokers, there'll be another mug along to replace me any moment.
Waved goodbye to £86k. It was always a remote possibility. This is AIM after all.
Well AIM has royally shafted me in December.
Both my 2nd and 3rd largest holdings (30% of my portfolio) wiped out.
PRG will return 0p, and just today OXS which I have held and accumulated for 5 years was suspended as they 100% lost a long running arbitration.
They will return 0p too.
My largest holding, GVC, is set to move to a main listing in Feb. Following that, I will never, EVER, hold an AIM share again. It's been disastrous.
Atlantic Coal ATC *Delisted*
RNS
Today 16:48
Resolution 1:
To cancel the admission of the Company's ordinary shares to trading on AIM
2,020,804,645
77.11% (YES TO DELIST)
599,918,804
22.89% (NO TO DELIST)
Well done. It was very close then. Just shows how many were opposed. We know the majority of Yes was the board, Spring and Brewin, so shows them how the private investors felt. I bet they were bricking it, because they knew it wasn't in the bag.
No doubt we will get their smug tweet saying how delighted they were with the support of investors. All 6 of them and the rest voted No.
I actually think they should consider the number of voters as well the number of votes. How unfair is it that maybe 200 - 300 investors vote No and possibly as little as 20 vote Yes but because of the size of their holdings 20 wins.
Personally i wish them as much unluck as possible and hope they lose their shirts. No bitterness here. I will retract that statement only if they provide a useable trading platform and give us a clear timeline for a possible re-list.
Finished. I own 10k of what now. Long six years to have nothing. Goodbye all.
I won't be getting rid of anything as its in my share dealing account. Just have to wait and see what happens. It's just demoralising for holders. Just as we were getting good rns's this happens. We put up a fight though well done all. How can you trade this share now or salvage money out. If this doesn't go to another stock exchange. Lost it all. Well I only have one glimmer of hope now. And that's if edenville energy get there mining license. Again a company I been in 6 years. 2 gone BHR ATC. I'd say not looking good my three biggest investments. 2 gone 1 to go. Least I can afford a beer. So not all bad.
Yet another failed share I got out half my holdings prior but still loose 500 pounds and not the first time. Isn't TW often commenting th perils of AIM investing he's often wrong in some reports but not with that wisdom. It will not be that's company that PIs will invest in we do chase the dreams but often pay a high price.
Move on to the next one
Today 16:48
Resolution 1:
To cancel the admission of the Company's ordinary shares to trading on AIM
2,020,804,645
77.11% (YES TO DELIST)
599,918,804
22.89% (NO TO DELIST)
Well done. It was very close then. Just shows how many were opposed. We know the majority of Yes was the board, Spring and Brewin, so shows them how the private investors felt. I bet they were bricking it, because they knew it wasn't in the bag.
No doubt we will get their smug tweet saying how delighted they were with the support of investors. All 6 of them and the rest voted No.
I actually think they should consider the number of voters as well the number of votes. How unfair is it that maybe 200 - 300 investors vote No and possibly as little as 20 vote Yes but because of the size of their holdings 20 wins.
Personally i wish them as much unluck as possible and hope they lose their shirts. No bitterness here. I will retract that statement only if they provide a useable trading platform and give us a clear timeline for a possible re-list.
Finished. I own 10k of what now. Long six years to have nothing. Goodbye all.
I won't be getting rid of anything as its in my share dealing account. Just have to wait and see what happens. It's just demoralising for holders. Just as we were getting good rns's this happens. We put up a fight though well done all. How can you trade this share now or salvage money out. If this doesn't go to another stock exchange. Lost it all. Well I only have one glimmer of hope now. And that's if edenville energy get there mining license. Again a company I been in 6 years. 2 gone BHR ATC. I'd say not looking good my three biggest investments. 2 gone 1 to go. Least I can afford a beer. So not all bad.
Yet another failed share I got out half my holdings prior but still loose 500 pounds and not the first time. Isn't TW often commenting th perils of AIM investing he's often wrong in some reports but not with that wisdom. It will not be that's company that PIs will invest in we do chase the dreams but often pay a high price.
Move on to the next one
Sunday 10 January 2016
Oxus *Suspended*
STOCKS and SHARES play tricks with your mind.
Would an ORDINARY chap or chappette go to a casino and bung £500 to £10,000 on RED or BLACK? Answer no, only a "high roller" would normally blow that sort of money on a single bet.
But when it comes to shares our brains sort of turn to mush and we take all sorts of risks we would not do at a casino, or football pools or horses.
I whacked £1,000 on this. I'm hoping I might get some back, eventually... But I'd never have done it if I was down a casino, I'd just put £10 at most.
No blame to OXS, the entire blame is how our minds view stocks and shares compared to other gambles. When it comes to shares we immediately think in terms of hundreds and thousands - this is all WRONG!!!! The blame should be with the BROKERS and MARKET MAKERS who charge so much that is IMPOSSIBLE to bet £10 and make a profit. The evil villans are the MARKET MAKERS and BROKERS. They take way more from you than the Mafia owners of casinos do.
This being said, like most of you, I do have a wide and diverse portfolio of shares and investments, so in the scheme of things its "win some and lose some". The problem now is my winners have to win so much more just for me to break even!!! So it is annoying. Especially since the entire market is pretty rubbish at present. Good luck and commiserations to every one.
Oxus *Suspended*
Sorry not on the internet much.
First, the good or bad news: I am finished (as a result of the announcement on 23/12/15. Second, I don’t blame anybody but myself (Mr Shead warned about ‘risk’ at one AGM). Third, I am busy bringing on a product for sale that I hope will get exports. Fourth, I have learnt from my mistakes with Oxus.
I haven’t had time to read the thread since before the announcement, and haven’t read any RNSs since, if there have been any. I assume there is nothing I can add that hasn’t already been said by other, more knowledgeable posters. The financial loss to me is a disaster, but it hasn’t all been bad: I’ve improved my risk analysis skills, skills which are now redundant, but that is life. I’ve learnt to write better and I’ve improved my ability to understand accounts better.
The technical points I’ve learnt are:
that contingent liabs are too remote a possibility to be called a debt, but that can change, so the contract of adhesion could result in Oxus owing a debt to the Uzbeks, I assume;
that the reason to conceal the Calunius reward-sharing scheme was not what I thought but to hide a risk: if we had lost the case completely we would be more solvent, I assume, i.e. owe Calunius nothing;
that failed financings disconnect the right to claim for lost profits;
that bad news takes several RNSs, so I don’t expect anything good to come out now: resigned to losing my entire stake here.
With the benefit of hindsight, I sincerely apologise for my over enthusiasm on this stock.
Is there anything I am puzzled about? Yes, I can’t understand how a financing can fail, if the host country provides favourable investment conditions (as it has to, according to Article 2 of the Treaty) and if gold prices are reasonable and if costs of extraction are in the bottom quartile. The tricky part I missed is that deciding whether a mine is financeable going forward is different from looking back and deciding the same thing.
If anyone posts any responses to this, I will try to read them in a few weeks’ time. All the best.
---
Risk Strategy - Nobull and Papillon
Nobull, thank goodness you're ok and I thought you'd bounce back. Loved your posts over the years. Background stuff was great reading and second to none - you were one of the most genuine and thoughtful posters.
I'm at a loss, though, to reconcile your afterthoughts with what came before.
You were one of the investors who were adamant you were staying 'til the end come what may - death or glory, 100% faith, Into the Valley of Death rode the 600, all or nothing etc..
Why on earth did that mentality prevail? - and , more importantly, why have you now re-assessed your risk strategy?
Surely if this (on the flip of a coin - Tercier) had gone the other way, you'd have won , so would you have re-assessed your risk strategy then?
The point is that Win or Lose, that risk strategy was totally flawed. I thought it was madness to be honest. This 'all in' stuff wasn't a strategy, it was an emboldened mindset.
The main thing this message board totally lacked was Critical Thinking and Objective analysis. You're science trained Nobull, and you made the perennial scientist mistake ie pre-determining a conclusion and working towards that. Ignoring evidence in its way..and there was much.
The main mistake was to Conflate three things : 1)Uzbek's general corruption, 2)How much gold we had in the ground, and 3) our chances of victory.
All 3 seemed to be wrongly interlinked by many on here.
Papillon's Horse race analogy.
Yes, we had a race horse, which appeared to be in fair to good health, although a bit tattered from previous races over the years.
What did the Uzbeks have in their stable? We did NOT KNOW at all.
BUT we did know that it had the World's best trainers (Lamm and Case), it had never lost a race (The Uzbeks in Arbitration) and that it had been preened and brought to the race in the best condition it could be (by lawyer funds, Lamm's Uzbek Knowledge)
It was then rode in the race by a world's top Jockey - Stern
And by simply looking at statistics, we saw that in this type of race (overall international arbitration) we had a less than 20% chance of getting anything substantial - ie ODDS ON.
So, Papillon, if you continue to use this blinkered outlook , you'll continue to lose money.
I want everyone to make money and be healthy and happy. I know my previous words were tough love. But that's where they came from. I don't want anyone to lose giant amounts of cash. It goes through me like a dagger.
Good luck and nice to hear from you again Nobull - and good luck in your new venture
(ps For those who think I'm using hindsight here - take a look at my posts on December 15 where I speculated, using past accounts, Yearly Statements that the outcome may be similar to how it turned out. I wasn't sure (that's why I left some money in), but I was certainly getting worried.
One things for sure, I was definitely not thinking along the lines of most posters.
This Message Board opened my eyes - and I've learned a lot - but in a different way.
First, the good or bad news: I am finished (as a result of the announcement on 23/12/15. Second, I don’t blame anybody but myself (Mr Shead warned about ‘risk’ at one AGM). Third, I am busy bringing on a product for sale that I hope will get exports. Fourth, I have learnt from my mistakes with Oxus.
I haven’t had time to read the thread since before the announcement, and haven’t read any RNSs since, if there have been any. I assume there is nothing I can add that hasn’t already been said by other, more knowledgeable posters. The financial loss to me is a disaster, but it hasn’t all been bad: I’ve improved my risk analysis skills, skills which are now redundant, but that is life. I’ve learnt to write better and I’ve improved my ability to understand accounts better.
The technical points I’ve learnt are:
that contingent liabs are too remote a possibility to be called a debt, but that can change, so the contract of adhesion could result in Oxus owing a debt to the Uzbeks, I assume;
that the reason to conceal the Calunius reward-sharing scheme was not what I thought but to hide a risk: if we had lost the case completely we would be more solvent, I assume, i.e. owe Calunius nothing;
that failed financings disconnect the right to claim for lost profits;
that bad news takes several RNSs, so I don’t expect anything good to come out now: resigned to losing my entire stake here.
With the benefit of hindsight, I sincerely apologise for my over enthusiasm on this stock.
Is there anything I am puzzled about? Yes, I can’t understand how a financing can fail, if the host country provides favourable investment conditions (as it has to, according to Article 2 of the Treaty) and if gold prices are reasonable and if costs of extraction are in the bottom quartile. The tricky part I missed is that deciding whether a mine is financeable going forward is different from looking back and deciding the same thing.
If anyone posts any responses to this, I will try to read them in a few weeks’ time. All the best.
---
Risk Strategy - Nobull and Papillon
Nobull, thank goodness you're ok and I thought you'd bounce back. Loved your posts over the years. Background stuff was great reading and second to none - you were one of the most genuine and thoughtful posters.
I'm at a loss, though, to reconcile your afterthoughts with what came before.
You were one of the investors who were adamant you were staying 'til the end come what may - death or glory, 100% faith, Into the Valley of Death rode the 600, all or nothing etc..
Why on earth did that mentality prevail? - and , more importantly, why have you now re-assessed your risk strategy?
Surely if this (on the flip of a coin - Tercier) had gone the other way, you'd have won , so would you have re-assessed your risk strategy then?
The point is that Win or Lose, that risk strategy was totally flawed. I thought it was madness to be honest. This 'all in' stuff wasn't a strategy, it was an emboldened mindset.
The main thing this message board totally lacked was Critical Thinking and Objective analysis. You're science trained Nobull, and you made the perennial scientist mistake ie pre-determining a conclusion and working towards that. Ignoring evidence in its way..and there was much.
The main mistake was to Conflate three things : 1)Uzbek's general corruption, 2)How much gold we had in the ground, and 3) our chances of victory.
All 3 seemed to be wrongly interlinked by many on here.
Papillon's Horse race analogy.
Yes, we had a race horse, which appeared to be in fair to good health, although a bit tattered from previous races over the years.
What did the Uzbeks have in their stable? We did NOT KNOW at all.
BUT we did know that it had the World's best trainers (Lamm and Case), it had never lost a race (The Uzbeks in Arbitration) and that it had been preened and brought to the race in the best condition it could be (by lawyer funds, Lamm's Uzbek Knowledge)
It was then rode in the race by a world's top Jockey - Stern
And by simply looking at statistics, we saw that in this type of race (overall international arbitration) we had a less than 20% chance of getting anything substantial - ie ODDS ON.
So, Papillon, if you continue to use this blinkered outlook , you'll continue to lose money.
I want everyone to make money and be healthy and happy. I know my previous words were tough love. But that's where they came from. I don't want anyone to lose giant amounts of cash. It goes through me like a dagger.
Good luck and nice to hear from you again Nobull - and good luck in your new venture
(ps For those who think I'm using hindsight here - take a look at my posts on December 15 where I speculated, using past accounts, Yearly Statements that the outcome may be similar to how it turned out. I wasn't sure (that's why I left some money in), but I was certainly getting worried.
One things for sure, I was definitely not thinking along the lines of most posters.
This Message Board opened my eyes - and I've learned a lot - but in a different way.
Tuesday 5 January 2016
ATC *Suspended*
Ultimately any minority shareholder is at risk. That is democracy.
I like you are disappointed but how many stocks have gone to the wall. 5 years ago there were 4500 Aim stocks now there are less than 1500. That says it all.
RGM
Thank you for your post. I agree with you. We have both been here a few years now and have seen ups and downs.
Like you, I am also down six figures at the moment, but I now genuinely feel the worst is over in my opinion which is why I have now increased my holding to around 3%. We will see.
All the very best to the genuine stockholders. As for the rest, if you. have lost I genuinely feel sorry for you but I don't feel it is good for you to keep posting on here.
---
No wonder rtayya is bitter he said on the TIDE website last Friday "as I have a lot of money to make up for family having lost £100k in regency mines."
ps I have lost a similar amount, having invested with AB, since 2011. But although unlikely to get my original stake back, I firmly believe that having reduced staff from 25 to 17 , and now 3 . Hence substantially reducing need for working capital, 2016 should be a much better place here and with RRR. Especially the latter as ca. £420k raised from selling some shares in SRT. And still >A$400k 's worth to sell, as and when.
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