Share Name Share Symbol Market Type Share ISIN Share Description
Gcp Sovereign LSE:GULF London Ordinary Share JE00BFPMFG60 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +$0.00 +0.00% $0.97 $0.00 $0.00 - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Debentures & Loans - - - - 121.25

Gcp Sovereign Share Discussion Threads

Showing 101 to 109 of 125 messages
Chat Pages: 5  4  3  2  1
AN OPEN LETTER TO GULF SHAREHOLDERS – 4 APRIL 2011 Dear Gulf Shareholders, Further to my letter of 14 October 2010 in which I went into some detail about Gulf International Minerals Ltd (Gulf (Canada)) and its activities since 2004.  I indicated that Gulf (Canada) was in discussions with Central Asian Minerals & Resources Plc (CAMAR) to dispose of its 49% interest in Aprelevka, the joint venture in Tajikistan.   To this end Gulf International Minerals Limited (Gulf (UK)) was created as a 100% subsidiary of Gulf (Canada) to enter into new Charter and Foundation Agreements with Gulf's Tajik partner.  This was completed on 12 February 2011. CAMAR has now made its proposals for acquiring Gulf (UK) in an all share transaction with Gulf (Canada).  CAMAR proposes to issue to Gulf (Canada) the same number of shares in existence in CAMAR immediately prior to this transaction which is 4,188,087 Shares.   At the same time CAMAR is raising a further £920,000 in cash at 60p per share.    The net effect of this, if approved by both Gulf (Canada) and CAMAR shareholders will be that Gulf (Canada) will own 42% of CAMAR going forward.  CAMAR will then apply for re‐admission on to the PLUS market on the London Stock Exchange with the expectation that CAMAR shares will commence trading again on 26 April 2011. Further funds of a considerable nature will be required to develop the potential of Aprelevka and the Foundation Agreement calls for Gulf (UK) to invest a further US$5.088m before 12 April 2012.  It is CAMAR's intention to raise this and more during the course of 2011 and at improving prices.  This will depend on the success of Aprelevka in improving its current production capability and developing a feasible exploration programme, both of which will require funding.   As a guesstimate CAMAR will need to invest at least US$30‐50m in Aprelevka during the next few years.  If successful then I suspect that Gulf (Canada's) investment in CAMAR will at last start to realise shareholder value for Gulf (Canada's) long suffering shareholders. Gulf (Canada) also has an interest in Canada referred to as the Inel Claims and the Newmont Lake Property claim.  Gulf (Canada) entered into an agreement with Romios Gold, a Canadian company, some years ago whereby Romios had options to acquire an interest in Gulf's Newmont Lake Property claim.  This option has been partly exercised and the remaining part of the option may be exercised before the end of December 2011.  This will require Romios to make payment to Gulf (Canada) of US$2m in cash or Romios shares at their choosing.  I suspect therefore it will be shares.   On the assumption that Romios exercises its option and subsequently Gulf (Canada) sells some or all of its Romios shares should it not receive cash then at that time Gulf (Canada) will explore ways of listing on the TSX Venture exchange thereby once more enabling Gulf (Canada) shareholders to freely trade their shares. I hope this update will be useful, it is intended to be informative and helpful, however I would refer you to the Official Offer Document which was posted by Gulf (Canada) to you or your broker on 31 March 2011 and which gives full details of the CAMAR offer to acquire Gulf (UK).  It is also available for viewing on the Gulf (Canada) web site. /more:
Gulf Int'l Minerals - is the Largest shareholder of CAMAR GIM has been delisted in Canada for a long time, but may soon "come back to life". GIM Shares O/S : 126,237,668 To hold : CAMAR shares - : 4,188,087 - has sold shs at 55p (this price would give GIM a value of #2,303k / 1.82p, or about C$0.0294) = = = = = = = = LARGE SHAREHOLDERS in GIML: Venaglass Limited : 13,757,898 : 10.9 % = #250.4 K El Oro / R. Parish : 4,621,928 : 03.7 % = # 84.1 K L. Lamont Gordon - : 3,475,000 : 02.8 % = # 63.2 K CAMAR / Central Asian Minerals and Resources PLC ("CAMAR"), /source: 2011.04.26 Press release: Gulf announces sale of subsidiary Gulf International Minerals Limited (Gulf) is pleased to announce that following the General Meetings of the shareholders of Gulf and Central Asian Minerals and Resources Plc (CAMAR) on 21 April 2011 the resolutions put to both sets of shareholders were passed. The resolutions in question were for the sale by Gulf and the purchase by CAMAR in exchange for shares in CAMAR of Gulf's subsidiary's (Gulf UK) 49% interest in Aprelevka. Gulf now owns a 42% holding in CAMAR together with other interests in Canada referred to as the Inel and the Newmont Lake Claims. Gulf will now be looking at the possibility of listing on the TSX Venture exchange later this year or the early part of 2012. == == == GULF INTERNATIONAL MINERALS LTD UK Representative Office: 223a Kensington High Street, London, W8 6SG Telephone: 020 7937 4445 Facsimile: 020 7937 4446 /see:
AYE ! (I think you`re right Burly...... Let`s hope assination neurosis haunts him prior to execution.)
The sad fact is,"IMHO" Saddam Hussein has already fled from Iraq and is sitting on the pile of money which he has swindled out of the Iraq people. Mark my words, in a few weeks time he will turn up in some Arab country, where we cannot get at him, claiming that at great personal danger he has been forced to leave his beloved country and his people to continue the fight for their freedom from the infidel invaders of his land.
Pizzaman Please quit posting news from the SUN. We musn't upset Camel Man.
US TROOPS SECURE KARBALA US ground troops have secured the strategic city of Karbala and are advancing north towards Baghdad. The US 3rd Infantry seized the city perimeter after a battle with the Medina Division of the Republican Guard lasting just three hours, reports said. The Medina's positions were hit by US B-52 bombers and Tomahawk cruise missiles and their strength is now thought to have been reduced by half. RECEIVED: 02/04/2003 09:21:54
The SUN says today that "Evil Saddam is finished". You upset Camel man ?
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