||ORD 5P (DI)
||EPS - Basic
||Market Cap (m)
Real-Time news about Mentum (London Stock Exchange): 0 recent articles
|muckshifter: Surely the point is, in terms of the change of plan, that the original transaction was based on a mentum share price of 0.8p at suspension, which had then been discounted, to make the deal more attractive, to 0.575p, but the shares have dropped to 0.325. Why would shareholders in Robust resources then accept the deal?
Hence Stanhill's rearguard action.|
|knigel: I am not a holder at the moment - used to be hence the interest.
I never can understand why any poster sticks to the same share and never posts elsewhere. Especially when it's to deramp. I have no agenda but post most days on various shares. Shame you appear to be MEN obsessed.
BTW yes Treacle32 got it wrong (although who knows were the share price will be in a few months time) but so what? If anyone buys/sells on the posts here - they are the foolish ones.|
|ryan83: market cap at 0.83p = £5.6m
Mentum is now pleased to announce that it has conditionally agreed to acquire the mineral exploration and development operations of Robust Resources Limited in the Kyrgyz Republic (the "Target Assets") for an aggregate consideration of £27 million (based on a deemed share price of 0.575p
revised shares in issue 4,691,557,650
£5.6 + £27m = £32.6m
immediate mkt cap on re-list will be £30.89m as officiallly confirmed in todays SECOND RNS:
therefore overpriced by 1.74m or approx 5%
the drop seems overdone - but a drop expected none the less.
PLUS - we all know shareprices like to gravitate towards the placing price.
|oilbuy: Mentum Inc.18 June 201418 June 2014Mentum Inc("Mentum" or the "Company")Proposed Acquisition of the Kyrgyz Mining Assets of Robust Resources LimitedProposed Consolidation of Share CapitalProposed Change of NameNotice of Annual General MeetingRestoration of DealingsMentum is pleased to announce the proposed acquisition of the Kyrgyz Republic Mining Assets of Robust Resources Limited ("Robust")(the "Acquisition") and the publication of an Admission Document (the "Admission Document") convening an Annual General Meeting ("AGM").AcquisitionIn July last year, Mentum outlined its strategic objectives to build a portfolio of assets in the natural resources sector. Mentum is now pleased to announce that it has conditionally agreed to acquire the mineral exploration and development operations of Robust Resources Limited in the Kyrgyz Republic (the "Target Assets") for an aggregate consideration of GBP27 million (based on a deemed share price of 0.575p per Ordinary Share and 28.75p per Consolidated Ordinary Share) to be satisfied by the issue to Robust of 93,831,153 new Consolidated Ordinary Shares (which would represent, prior to the Consolidation becoming effective, 4,691,557,650 Ordinary Shares).Simultaneously with the Acquisition, the Company is proposing to undertake a 1 for 50 share consolidation to consolidate the Company's existing ordinary shares of 0.1 penny each into new ordinary shares of 5 pence each.The Acquisition, subject to shareholder approval, will mark Mentum's first major asset acquisitions and the Enlarged Group will have following completion:-- exposure to large-scale gold and copper mining development and exploration operations in a region widely recognised for its mineral prospectivity;-- a portfolio of projects in different stages of development that the Company expects, subject to a revised definitive feasibility study and governmental and community approval of the project, will allow for phased development to production. The Acquisition comprises three license areas; namely:o Andash Licences - JORC compliant Measured and Indicated Resources of 682,000 ounces gold, and 170 million pounds copper;o Talas Licences - SAMREC compliant Resources of 6.7 million ounces gold and 1.6 billion pounds copper and the geological exploration potential of gold and copper licenses Korgontash, Kentash and Barkol; ando The right to farm-in to a 70% interest in the Bashkol Licence;|
|treacle32: TGL up over 150% since same 3 mob trashed the hell out of it with multiple threads. Stop normal posters posting and then cry wolf afterwards too. URU up 50% recently. Made £10k on SNAK when Stocko and his costumes deramped the hell out of it.
Stockonomist 12 May'14 - 21:27 - 7092 of 7106 0 0
I don't think CAZA constitutes a BOWL formation chart. The pattern is simply not smooth enough for my liking
Furthermore as highlighted below it looks to me like the chart is demonstrating what I think is known as negative divergence. i.e. the MACD now is the same as at the time of a previous share price peak but the share price is lower than that previous peak so I expect CAZA upside will be limited here and downside should prevail.
CAZA was 12p Monday.....15p today.....tune in tomorrow Stocko! Lol|
|niki7777: Those who are trying to short-sell this stock are about to realise they made a terrible mistake.
ROL is reversing her core-assets in Kyrgyzstan into Mentum, and paying us CASH to accept them, so that she can get the majority stake of the new company listed in London, rather than Australia.
No matter how you paint this, the de-rampers are fast running out of material to tout. Stockonomist has started a new BS thread to try and tout the Edison report for ROL as negative news - perhaps inspired by the recent Gotham City Report on Quindell which crashed their share price this week. Honestly, its pathetic.
On reopening next week, there is, in my opinion, a 10% risk of little movement and a 90% chance that the shares will re-rate to 1.5p or higher, with volatility upwards towards 5p if we get serious institutional purchases.
All own opinion, do your own research|
|stockonomist: LOL the lying bankrupt conman is so stupid.
In a normal RTO a PRIVATE company previously not valued by the market gets a listing on a public stock exchange via a RTO vehicle shell
In this case which is a con the Company/Asset being injected in was ALREADY LISTED. IF Invesstors wanted to invest in it they can invest in ASX listed ROL. They can still do so at a MASSIVE discount to the MEN share price of 0.5p as ROL has gone DOWN since announcing the 'DEAL'.|
|treacle32: As Knigel has put on the TLY board & talks sense....
9 Mar'14 - 15:52 - 2350 of 2351 0 0
It's not so long ago that talk of 10p for COMS would have been laughed at (when the share price was 2p)... This is AIM... look at VMP - an one day gain of 700% so anything can happen with any AIM share imo...
Remember the share price has doubled from the recent low on just ONE small contract - so once the existing pilots are (hopefully) extended/expanded, the Leicestershire CCG decides its next step and new contracts are confirmed - I don't see why a share price well north of 1p isn't possible...
One thing is for sure - I rather be in than out of TLY ahead of positive newsflow....
9 Mar'14 - 15:54 - 2351 of 2351 0 0
BTW talking of companies with little or no NAV ... VMP cash NAV is 0.08p while the share price is 10x higher at 0.8p.. another share CRV is on a 50% discount to NAV... so NAV appears not to be an important factor in relation to AIM shares ie. 62p NAV for SNAK....|
No-one can say for sure what will happen after the share consolidation takes place. You may well get 1 new share for every 50 currently owned, (if that is the final proposal by the bod, no-one here knows yet unless they are an insider). But it doesn't automatically follow that the post-cons share price will be 50 times greater. That will depend on initial supply/demand factors, sentiment towards the assets put into MEN, the view of IIs, likely cash requirements etc.
But RG Fletcher is probably right in saying that the chances of IIs becoming seriously involved, after doing their DD on the deal, are much improved because they are not dealing with a sub-1p share price, a decent MC, and a live natural resource asset with exploration upside.|
|napoleon111: so it seems there is some bulls who are really taking some hype, and some bears, who are talking doom and gloom, so it kinda evens out and its all just nonsense! my take on it for what its worth, 2 major things of note
1) there will have to be a placing, to raise cash, to buy whatever asset they are looking at to reverse into the company (at the end of the day, thats the only use to a cash shell)
This is a double edged sword in many ways, as there will envitably be a lot of dilution with many hundreds of millions of shares issued, or possibly even billions. However, unless your in on the placing, dont even try to estimate what the placing price may be, as it might not be as bad as you all think (alternatively could be worse!)
2) The idea of cash shells, and I have seen many over the past few years and been involved with a lot of them (and yes i am a holder here since it became a shell before it initally suspended) is that they are not valued based on what they have on their balance sheet, or the cash they have in the bank, as quite frankly, thats all rubbish. Where the value arises is in the kind of asset that they manage to reverse into the company. And by this i mean it doesn matter if they issue 10billion shares at 0.0001p each or whatever, as at the end of the day, how else are they supposed to pay for an asset that should (in theory) grow in value and add to the company in the future.
Therefore, is this fundamentally over valued? yes, of course it is, and anyone who says its not is an idiot. Is it undervalued based on the strenght of the board of directors? well anyone who has ever worked in the investment world professionally will know that "past performances are no guarantee of future success"...actually now that i think about it, even retail investors who bought tracker bonds through their local bank branch will be aware of that saying!
Where does the value come from, and why would this company warrant an investment? This is where it gets interesting...if you invested only a week or so ago, you could have tripled your investment, this is not to be sneezed at, take a bit of profit and your original stake out, leave some free float, dont be greedy, if there is a big placement and the share price drops significantly, bail back in afterwards when they have the asset. If your looking to get in now? Well, nothing goes up in a straight line, and based on the fact that there will at some stage be a placing, it could be a bit touch and go, but it will be down to the finer details, but as a long term "high risk" investment (this is after all an aim shell company) i definitely think it would warrant a speculative position based on "hope" more than anything else that the bod will be able to secure a decent asset at a decent value and then its a different ball came altogether that will take a more strucutred investment approach.
Well...thats what i think anyway :)|
Mentum share price data is direct from the London Stock Exchange