Ly Emu Small Discussion Threads

[pisces3] 18/7/2011 09:56

Somethings going on chaps because my MMS shares with td waterhouse have now got a tick next to them stating corporate action,previously they have been valued at last trading price before suspension, now they are showing no value!!!!hope thats not a bad sign?

[devil20] 18/7/2011 08:35

Funny that. Can't be put on. No RNS so far, but I guess it must be getting imminent.

[dreggspicker] 18/7/2011 08:23

just noticed mms has been dropped from my monitor, can't put it back on, so if anyone sees a rns, can you put a comment on here so we pick it up ...

[godolphin] 07/7/2011 12:17

I don't know why Zinc is on the list. The price is not high and there's overproduction. As for fluorspar I doubt if China could do much about that anyway, since their mines only have a few years left. I wonder what Namibia, Kenya, and SA would think of a crashing fluorspar price. Not to mention CFI, TYM etc who wouldn't invest and employ people below $250 to $300 a tonne.

[dreggspicker] 06/7/2011 14:49

always several ways to skin a cat, I would think the Chinese will restrict the development of the mines to control output.
Just like the UK does; No new mineral extraction in national parks, and near rich folk, lots of planing disputes !!!
Don't see anyone in other countries objecting.

[godolphin] 06/7/2011 11:34

The WTO rules against China, who are not happy! I'm not sure it will make much difference to fluorspar though. China are using more as well as restricting development. This story will run a while longer methinks!

[devil20] 05/7/2011 09:02

From the RNS 22/06/11.

The Board anticipates that Maghreb will publish an admission document prior to the fourth quarter of 2011 and, pending readmission, will seek to continue to develop the business of the Company.

The weeks are ticking by. Let's hope they get on with it sooner rather than later.

[godolphin] 30/6/2011 18:20

No let up on the fluorspar price. Let's hope Sallies are spending their money on increasing production.

[dreggspicker] 29/6/2011 22:30

I like the transparent ice green colour myself ..........

[suits you] 29/6/2011 21:48

lol dreggs, u can dream :-))

Grey? no our market would be fluorite in colour!

[godolphin] 29/6/2011 21:33

Not another grey market! Had all that with Tomco.

[dreggspicker] 29/6/2011 21:21

suits, do you want to sell? I would like to buy ........ ;+}

[suits you] 29/6/2011 20:37

A plus side to the delist is that shares held in nominee accounts with stockbrokers should be converted into share certificates. Holders details should then appear on MMS's Company shareholder list. All shareholders that appear on that list should be mailed with the admission document when they have it ready. Or any other information that is published to shareholders.

Its obvious lots going on at Sallies and I find it interesting that they have not drawn down any further from the available loan from MMS but have gone elsewhere. Davidoff is Chairman at Sallies and doubt that he would have agreed ( or Firebird ) who in effect control Sallies, unless it was in their interests. I would wager that the lender is a supporter of Firebird's intentions, as I really doubt whether Firebird would have agreed otherwise.

It also means that MMS have preserved some cash ( for the time being )for other things? Still think we are in for something else to be bolted on. Time will tell.

red army

It really does not matter that the Co has been delisted. Sure the fees to AIM for re-admission are probably higher than an RTO into a listed Co. The vehicle co MMS is still there, still registered at Company House. In fact there is nothing to stop off market trading in the stock provided a seller can find a buyer or vice versa and come to an agreement on price. We all still have shares in the Co, it is just they cannot be traded through AIM at the moment.

[godolphin] 29/6/2011 13:43

They'll still produce the RTO docs and have an EGM. Just now there's no time limit. Once they've done that they can apply for an AIM listing in the usual way, just takes 3 weeks or so. I suspect they will do something else as well, maybe raise more cash, take over other assets etc. Now they're cancelled the share price for cash could be anything they consider suitable.

[red army] 29/6/2011 12:16

So what happens now that the shares have been de- listed.
I always thought that they needed a vehicle to come back in to????

[godolphin] 28/6/2011 11:34

Sallies seem to be getting through a lot of cash.

[dreggspicker] 24/6/2011 11:22

nice to hear that offas, I also had a lot of banks & retail at one time, but sold them all before the crash, not because I am a guru, but because I just wanted to buy into oilies, which have had thier ups and downs .... :+}

[offasdyke] 24/6/2011 10:56

Re. post 4488
Talking about the main markets. I was invested in the banks quite heavily for the nice safe dividends then watched my portfolio halve before getting out. Ever since getting into AIM stocks I have seen what was left of my investments multiply eight times and before the big sell off I was over twelve times up. Quite exciting really.
Mind mms must be the most boring Investment I have as shortly after buying in at 1.65 they delisted. Interesting all the goings on but...........
Shall just have to keep my fingers tapping a bit longer.
Gla

[godolphin] 23/6/2011 14:14

wow indeed, and notice that that was a large order, not a small one off like the previous record price.

[dreggspicker] 23/6/2011 13:48

$650 per tonne, WOW ...........

[godolphin] 23/6/2011 12:08

Well, CFI reckon on a total cost of about $200 per tonne in Canada. I wonder what the cost will be in SA with an experienced, streamlined operation.

Rather an odd situation now. They announce terms of a RTO and then it could be a year before it actually happens. Meanwhile Sallies could become a very profitable company.

[dreggspicker] 23/6/2011 08:08

suits, looks like you also have faith in the management .............

p.s. don't forget Tunisia

[suits you] 23/6/2011 07:29

Just going to take longer, thats all.

Remember we are backed by Firebird. A big fund, with big money.

Although delisted, they will keep us updated with RNS's.

Still believe the current plans announced ( Sallies, KFC) are not the only thing happening.

.... and we have FluorOne.

Just got to sit tight and wait.

[dreggspicker] 22/6/2011 19:03

regandjess,
yes, the AIM is risky, all sorts of characters out there, but my best gains have been in the AIM, and I have found there ARE a lot of very trust worthy managements out there, they are not all rogues ! I have been stung more times on the main market over the years, where it is supposable safer .......
So put that in your pipe and smoke it ........

p.s. by all means burn your certificates, thats if you have actually bought some MMS