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Mercury Recycling Share Discussion Threads
Showing 401 to 425 of 425 messages
|Fundamentals - I hope you dont mind me sharing your post on the slp board :-)|
|Scheme of arrangement, received from Selftrade
Terms: CAPITAL REORGANISATION AND CHANGE OF NAME The Company has announced proposals to undertake a reorganisation of its share capital and to change its name to Ironveld Plc. The proposals are subject to Shareholder approval at the forthcoming General Meeting to be held on 15 August 2012.
Terms: Capital Reorganisation: Each of the Companys issued Ordinary Shares of 10 pence will be sub-divided and re-designated as one Ordinary Share of 1 pence and nine Deferred Shares of 1 pence.
Change of Name: All securities under Mercury Recycling Group Plc will change issuer name to Ironveld Plc.
Further information may follow in due course.|
|An up-date posted today going to be August before we find out how much we have lost out.|
|No, no synergy at all. 2 directors who bought a stake in MRG have experience of natural resources (they are also on the board of Amerisur). So this acquisition is not a great shock. According to a press article I saw somewhere, they are keeping the mercury side, but I wouldn't be surprised if it was offloaded at some point.|
|Is there some synergy, mercury, palladium. struggling to see benefit for MRG shareholders. what happens to old business. am i missing something?|
|I belive the admission document was to be posted to MRG holders by the end of April. Anyone recieved anything. As a current SLP holder I think it spositive for both holders. We get free shares and see someone concentrating on the Iron Ore and you het to diversify in to something that can do much more for your share price
Good luck to all of us.|
|Typically on a reverse takeover (defined as the buying company being smaller than the company being bought) the resulting value is the cash in the bank plus a greater or lesser premium for the profitability or "exciting prospects" to come from the newly listed purchased business. How much cash will there be in the combined company post-purchhase?|
|I am sorry to say that I feel that my shares will become de-valued after the reverse takeover I cannot see them holding at even 6.5p.|
|Yes i would imagine so, don't forget we still have the Recycling buisness..
but best await docs..|
|Thanks for the in-put "mr" and "dona" will that mean that there will be 203,022,285 + 35.8m shares in Mercury?|
|Plus the 2 directors who have experiance with AIM exploration companies,
Must admit this is looking quite exciting.
It has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil|
|It gets the mining company the use of this company's stock exchange listing effectively, without the expense of listing from scratch|
|We are buying a mining company funded by 203,022,285 new shares then reversing into it. Why not just buy them with £13.5m cash can anyone exlpain the thinking of the board?|
|Not impressed, so have left the building. Last one out switch the lights off.|
|When are results due, then ? have not seen an announcement re date, myself.|
|Results this week any ideas anyone how thet have done since the changes in the management structure.|
|Would have to agree with all of the last three posters. Sadly.|
|There is something not quite right about this stock. I bought in becuase the financials were good, potential was good but since the introduction of Westleigh Investment things have gone backwards. I have been involved with investment company takeovers before this is just typical MRG will release bad news and then Westleigh will move in with a cheap buyout price. Sad but true IMHO|
|Sold all my shares recently. Couldn't see a future for MRG. recycling of tubes and street lamps has a limited future as new lighting, minus the nasty elements, develops. ie. Marlin lamps for example. I've had these from day 1 too.|
|Is it me or was there a large slice of whingeing in the references to a customer driving a hard price ?
It's not just you - it took me a day or two to realise it properly, but I think we're dealing with a perpetual "jam tomorrow" company here - longer-term prospects always look good, but there are always excuses why they're not materialising in the shorter term...
I'm afraid I'm out. I understand your viewpoint about staying in because of approving of the concept, but I've been burnt by perpetual "jam tomorrow" companies before and prefer to limit the scope of the scorching this time. And having a shareholder like me won't really do the company all that much good - it makes no difference at times that the company is not trying to raise extra capital, and it's dead weight when the company is trying to raise capital, because I most definitely am not throwing good money after bad with this company... Better for all concerned if ownership of my shares is taken over by someone with a stronger belief in the company, I think.
|Is it me or was there a large slice of whingeing in the references to a customer driving a hard price ? "Its not fair" is not a business strategy that gives me a lot of confidence. However, I will continue to hold - more as a statement of commitment to the cause and belief in the concept rather than any hope of making money out of this particular stock. Its not impossible for this to turn round - unlikely, but not impossible - and if it did, it could move sharply upwards. I won't hold my breath though. I'll look for profits elsewhere.|
|Not an investor here but I have been watching this for over a year.
Not liking the liquidity but like the concept of the company's work.
A question for all of us, how many of us recycle our lights when we replace them? As your neighbours? Ask your company how they deal with such an issue?
You will find not many do much about it, and there needs to be more proactive steps by the company to come up with deals with places like B&Q where they can provide incentives for greater recycling. Logistically its difficult but if it works in Germany why can't it work in UK|
|No real explanation as to why the company is failing in such a way against such ever more spectacular and harsh Government / EU waste handling laws.|
|sales down, margins down.
not great, is it?|
|shocking numbers and still the chairman blames things. Its been two years now and we are going backwards.
we bought a company but still sales reduce.
Time for a big clear out me thinks