Share Name Share Symbol Market Type Share ISIN Share Description
Maghreb Minerals LSE:MMS London Ordinary Share GB00B046T172 ORD 0.6P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.75p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.9 -0.8 - 4.78

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DateSubject
28/9/2016
09:20
Maghreb Minerals Daily Update: Maghreb Minerals is listed in the Mining sector of the London Stock Exchange with ticker MMS. The last closing price for Maghreb Minerals was 1.75p.
Maghreb Minerals has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 272,923,083 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Maghreb Minerals is £4,776,153.95.
18/4/2011
13:11
godolphin: This one rmart! lol. But it's close. Less unknowns here (though still some), and Firebird's interests are the same as mine - a good share price and maybe special dividend in a few years.
24/3/2011
20:56
suits you: Hot off the press today I have minesite access so here is the full story http://www.minesite.com/nc/minews/singlenews/article/maghreb-minerals-will-shortly-relist-as-aims-first-fluorspar-producer-at-a-time-when-the-price-of.html STOP PRESS: Maghreb Minerals Will Shortly Relist As Aim's First Fluorspar Producer, At A Time When The Price Of Fluorspar Is Rising News March 24, 2011 Maghreb Minerals Will Shortly Relist As Aim's First Fluorspar Producer, At A Time When The Price Of Fluorspar Is Rising By Charles Wyatt By the time Maghreb Minerals gets its listing back in the second quarter of this year it will be a very different animal. Towards the end of last year, agreement was reached for it to acquire a controlling interest in Sallies Ltd, which is a leading fluorspar company listed on the Johannesburg stock exchange, and which owns the Witkop and Buffalo fluorspar mines in South Africa. At the same time, Maghreb also agreed to acquire a strategic 20 per cent shareholding in Kenya Fluorspar Company which owns a mine of that name at Kimwarer in Kenya. Together the two deals were judged to constitute a reverse takeover under AIM rules, hence the suspension of trading in the shares and the long drawn out paper trail to complete the deals and produce a new admission document. The only people smiling at the end of all that will be the corporate team at Westhouse Securities. Management at Maghreb will be facing the long haul of introducing the new Maghreb to shareholders and marketing it to a new audience. It was back in 2010 that Richard Linnell, chairman at the time, announced that the company was going to become involved in fluorspar, but it was Firebird Management out of New York, already a major shareholder in Maghreb, which stitched the deals together. Firebird manages nine funds focused on emerging markets throughout the world, and its investors are institutions and high worth investors from North America, Europe and Asia. Two of its funds held 66.9 per cent of Sallies' shares and Maghreb already had 11.4 per cent, so this combined holding will go up to 78.3 per cent once it has paid the consideration - 335.6 million of its own shares. At the same time Maghreb is also committed to raising £10 million by a placing and to persuading its shareholders to agree to all the proposals put in front of them. In addition Maghreb has conditionally agreed to buy from Firebird its holdings in Sallies debentures and this will cost it a further 134.7 million shares. The directors of Maghreb must be very keen on getting involved in fluorspar, but they have every reason to be. It is one of those minerals that everyone has heard of, but few know much about. It is used in steel production to remove impurities, in the manufacture of glass and cooking equipment, and instead of glass in high performance camera and magnifying lenses. Most important of all it is used in the semi-conductor industry, which uses fluorite optical elements. The Chinese effectively control the market, and until recently prices were since there has been a surplus. That has all changed now, as the Chinese introduced export quotas and tarrifs in 2008 and the latest news is that prices for Chinese chemical grade fluorspar have risen sharply over the past few weeks as a result of strong international and domestic demand and a lack of stocks. The actual rise in price is from between US$300 and US$320 tonne up to between US$350 and US$400 a tonne based on contracts with users. The reason for the range is that there is no terminal market, and hence no spot price. But Mexican fluorspar prices are mirroring this move, with acidspar filtercake rising from between US$290 and US$320 per tonne at the end of 2010 to the current US$350 to US$370 per tonne. Not a bad time for Maghreb to get on board, and to be adding the Kenya project to the South African ones. Again, it is Firebird which is selling its stake in Kenya Fluorspar to Maghreb. The price has been agreed at 100.3 million shares with a further 15.8 million Maghreb shares due for Firebird's holding of KFC (no, not Kentucky Fried Chicken) debentures. The share capital of Maghreb is going to be monumental at the end of this deal so nobody should be surprised if there is some consolidation in the admission document, and possibly a new name. The new name would signal beyond doubt that Maghreb had become a very different animal. Not only that, but it will become the fluorspar arm of Firebird, and to that end Nick Davidoff took over as chairman in January. He is an employee of Firebird and chairman of Sallies as well as a director of Kenya Fluorspar, and under his leadership Maghreb should have no problem in raising the £10 million required in this multi-deal transformation of the company. The only other fluorspar company listed on Aim is Patrick Cheetham's Tertiary Minerals which has the Storuman project in Sweden. Tertiary's share price has done very well since January following some very encouraging drilling results, but it is still at the exploration stage. Sallies has been back in production at the Witkop mine since last month. Maghreb's chief executive Dunbar Dales flew back into London on Thursday afternoon, and once back on the ground was able to provide a bit more detail on Witkop. As part of due diligence for the acquisition he crawled all over the plant at the end of last year and came to the conclusion that a number of improvements were needed before it could be restarted. Modifications had to be made to the mill, and the primary crusher was in a bad state. But it has now been refurbished and is initially treating a stockpile built up last year, while mining gets underway. The Buffalo mine is still on care and maintenance and will remain so until the new team recruited by Dunbar is fully satisfied with operations at Witkop. Meanwhile he was also delighted to confirm that production will recommence at Kenya Fluorspar next week in time to catch the rising price of the mineral. Altogether he sounded a happy man, but whether he will remain so after a few days spent drafting the various documents required before the deals can be completed and the shares relisted is another matter.
02/12/2010
17:04
duplicate book: Somebody is wanting out. The price won't go anywhere fast until the seller is cleared. There has been a persistent seller in MMS for a little while now. Gives people an opportunity to buy in quantity at a reasonable price whilst they are dumping stock onto the market. Once they're cleared things will tighten up again and any buying pressure will effect the share price in a more positive way.....
29/11/2010
13:26
howdlep: Yes a good rise for TYM today but the I prefer the risk reward in MMS far more:- Currently:- Share Price 1.63p Market Cap £4m Cash Approx £2m Proven Assets approx £600m Free Float 25% so highly illiquid Boardroom Director also a Director of Firebird Global Master Funds Recent MMS acquisition of 11.4% of shares in the Sallies flurospar mine in South Africa. Please note, Firebird own 74% of Sallies Commenting, Richard Linnell, Chairman, said: "This transaction, with the full support of its major shareholder, Firebird, represents a significant step forward for Maghreb in implementing its stated strategy of acquiring assets in the fluorspar sector internationally to enable it to develop the necessary critical mass in the sector." The Fluorspar Market (taken from UK Analyst TYM tip) Fluorspar is the commercial name for fluorite. There are three principal types of industrial use for fluorite, corresponding to different grades of purity. Metallurgical grade fluorite, the lowest of the three grades, has traditionally been used as a flux to lower the melting point of raw materials in steel production to aid the removal of impurities, and later in the production of aluminium. Ceramic (intermediate) grade fluorite is used in the manufacture of opalescent glass, enamels and cooking utensils. The highest grade, acid grade fluorite (97% or more of calcium fluoride), is used to make hydrofluoric acid by decomposing the fluorite with sulphuric acid. Hydrofluoric acid is the primary feedstock for the manufacture of virtually all organic and inorganic fluorine-containing compounds, including fluoropolymers and perfluorocarbons, and is also used to etch glass. Future projected demand for fluorspar is ex pected to be driven in particular by rising demand for refrigerators, air conditioners, and motor cars in China, India, Russia and Brazil, as well as overall global growth. China accounts for over half of the world's fluorspar output, but only exports around 25% of its output - an amount which is decreasing due to export controls set by the Chinese Government. Export tonnages have fallen by more than half since the early 2000s as the Chinese authorities directed supply to internal markets; the overall quality of the material exported has also declined. Understandably, European fluorspar markets have become tight in recent years, with the exception of a blip in 2009 as a result of the economic crisis which led to a reduction in demand. Fluorspar prices peaked at around $550 per tonne towards the end of 2008, before falling to around $300 per tonne in 2009. They are currently on a rising trend and were most recently quoted at around $350-365 per tonne. Most recently, the Chinese authorities have moved to restrict the supply of fluorspar at a mine level by ceasing to grant permis sion for any future exploration. In such circumstances, the positive connotations of a new European fluorspar supply are clear.
12/11/2010
14:36
borisimo: "It is anticipated that the Zriba drilling programme will be completed by the end of October 2010 after which the drill rig will be moved to the Bou Jabeur EP. The Bou Jabeur drill programme is anticipated to be completed by the calendar year end and a drilling programme at Fej Lahdoum has been scheduled to start early in 2011." -- So where does it say 'and we will report the results of the drilling program at the end of Oct...or mid Nov'? 'THAT MEANS WHEN WE GET AN RNS ANNOUNCING THE ACQUISITION OF FLUORSPAR ASSETS INTERNATIONALLY THE SHARE PRICE OF THIS COMPANY WILL MULTIPLY. ONE ONLY HAS TO LOOK AT THE EFFECT OF RECENT TYM FLUORSPAR ANNOUNCEMENTS TO SEE HOW THE share price WILL RESPOND'. -- Sorry but this has happened with the Sallies aquisition and the share price did not multiply. Whos recommendation is the 1.6p buy ? Apart from Revelator on LSE ?
25/10/2010
16:55
borisimo: I reckon there is someone out there gradually selling off reasonably large chunks of mms. (Although I would have thought now was a good time to hold with some potential news around the corner) Is there a way to see who has been behing the trades? On AFC the share price was alledgely held back by Chase Nominees selling around 10 million shares over a period. Once that cleared the share price stabilised and has now risen.
30/9/2010
07:42
howdlep: backmarker, the point I was trying to make was to speculate how the development of fluorspar assets has had on TYM's share price. With today'a MMS acquisition (below) we will determine how this asset has a direct influence on its share price. I will do the chart comparison again in a few days. MMS is one to buy at or before the bell today. Given the very low free float and Firebird's involvement (see an earlier post of mine) this will move very quickly today:- Thursday 30 September, 2010 Maghreb Minerals PLC Acquisition of interest in Sa RNS Number : 5511T Maghreb Minerals PLC 30 September 2010  30 September 2010 Maghreb Minerals PLC ("Maghreb Minerals" or the "Company") Acquisition of a significant shareholding in Sallies Limited The Board is pleased to announce that Maghreb Minerals has today acquired a significant interest in leading fluorspar company Sallies Limited ('Sallies"). Sallies is currently listed on the Johannesburg Stock Exchange and owns and operates the Witkop fluorspar mine in South Africa. The Firebird Global Master Funds, Maghreb Minerals largest shareholder, control approximately 74% of the Sallies ordinary shares. The transaction represents a significant step towards the Company's stated strategy of acquiring fluorspar assets internationally. The Company has purchased 82,335,700 ordinary Sallies' shares from Honeywell International Inc for a purchase consideration of $1,200,000 in cash. This transaction will give Maghreb an 11.4% shareholding in Sallies and the purchase price is approximately equal to the current trading price of Sallies shares on the Johannesburg Stock Exchange. Commenting, Richard Linnell, Chairman, said: "This transaction, with the full support of its major shareholder, Firebird, represents a significant step forward for Maghreb in implementing its stated strategy of acquiring assets in the fluorspar sector internationally to enable it to develop the necessary critical mass in the sector." Related Party Transactions Where a company whose shares are quoted on AIM enters into a Related Party Transaction, AIM Rule 13 requires the directors of the company to confirm that they consider, having consulted with the company's nominated adviser, that the terms of the transaction are fair and reasonable insofar as the company's shareholders are concerned. The acquisition of the shareholding in Sallies is a related party transaction for the purposes of the AIM Rules for Companies by virtue of Firebird having a substantial shareholding in both Maghreb Minerals and Sallies. For the purposes of the acquisition of the Sallies Shares, the Directors Richard Linnell and Dunbar Dales are considered to be independent directors. The independent directors consider that, having consulted with Westhouse Securities Limited, the Company's Nominated Adviser, the terms of the acquisition of the Sallies Shares are fair and reasonable insofar as the independent shareholders are concerned. For further information, please contact: Maghreb Minerals Plc Richard Linnell - Chairman Tel: +27 11 459 2853 Dunbar Dales - CEO Tel: +27 83 258 9062 Westhouse Securities Limited Tel: +44 (0) 20 7601 6100 Tim Metcalfe / Martin Davison ENDS
28/9/2010
09:00
howdlep: One tiny bit of news here and you are looking at a multiple of the current share price. For those new to this thread, just take a look at the chart of TYM (in blue)to see the affect that a successful fluorspar project can have on the share price Then judge how much MMS has to catch up free stock charts from www.advfn.com
14/10/2009
23:49
rmart: I think Firebird will make an offer to buy MMS and then Sallies and Maghreb will merge. Only my opinion but with Passin on our board of directors and Firebird now owning 74% of Sallies and Sallies being a fluorspar miner in South Africa it would make sense. They are a producer and therefore have cash flow. IMO this will see MMS share price rocket and it would make a great profit for Passin on his investment in MMS. They have paid 13m rand (£1.12m) for 11% of sallies taking them to 74% owners. http://www.sallies.co.za/index.html
25/2/2009
12:58
water30: The share price has been disappointing this week but the market has not been having a good week. My average is just over 2.50p. Was thinking of topping up but I already hold close to 400k. I'm very patient. I'm sure someday the MMS share price will catapult northwards but the results of the forthcoming scoping study will be crucial. I'm very happy to be holding MMS.
Maghreb Minerals share price data is direct from the London Stock Exchange
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