Mineral Sec Share Discussion Threads

[nutt] 22/1/2008 12:55

Not quite half Pillion and on an optimistic note It's very hard to buy PPN in any quantity at these prices.Have faith they know what they are doing and can borrow the money on favourable terms,I know how hard that is when you're losing money but this might just come good when others fail.

[pillion] 22/1/2008 12:04

We haven't even paid for our final tranche of PPN and it will only be worth halve the value

All on borrowed money too !!

I am holding but certainly not topping up

It's a world market collapse, anything could happen

[utwiq] 22/1/2008 09:17

The portfolio has fallen, but the discount remains pretty near 50% (post tax), depending on how conservatively you value Vostok, Lady Loretta and Sappes (£5m, £20m, and £10m respectively for me). Although buying a massive amount of PPN at +$10 is now no longer looking very clever (and I haven't updated my figures to account for this). I'd say it is a screaming buy, but then so is everything!

[ilancas] 22/1/2008 09:14

Down 12% today to new low. Has the underlying portfolio fallen this much, or is this a screaming buy?

[pillion] 16/1/2008 23:51

More recent comment on Platmin

[red river 1] 16/1/2008 15:39

Why the sharp fall today?

[pillion] 14/1/2008 19:23

New report PPN

[pillion] 14/1/2008 08:53

Minsec announces today that it has agreed to an amendment in the final
settlement date for the third tranche from 11 January 2008 to 11 February 2008.



Minsec currently and beneficially owns a total of 19,229,770 common shares in
Platmin. The consideration for the third tranche of 7,122,049 Platmin shares is
CDN$70,508,285 which Minsec expects to be funded from debt facilities.

[pillion] 10/1/2008 12:11

Will our day come ?



From HC

--PGMs encompass 6 minerals;
platinum PT-----palladium PD-----rhodium RH-----iridium IR-----osmium-----OS ruthenium-----RU.

[pillion] 07/1/2008 17:33

Platinum at record price

We get our third and final tranche of PPN on Friday





More charts here

[pillion] 26/12/2007 14:04

Assets here - see page 3 - also page 53

[djalan] 25/12/2007 13:27

No doubt platinum producer Lonmin, up 20p at 3060p, will also be keeping a close eye on the situation.

[whealan] 21/12/2007 15:23

Well,the bank facility arranged to pay for the extra Platmin shares is done and dusted, with 2010 options given to Macquarrie at A$2.30, or more or less the current underlying asset value. Probably quite a good deal in today's borrowing climate, depending on the interest rate, and encouraging I suppose from a medium term value point of view.

My broker sold some of my Platmin while I was in Africa - next door to them in Pilanesberg as it happens. I am torn whether to buy them back or merely restore my overall position by exercising my Jan 08 Minsec options and holding them. Either way I am convinced that the answer to the title of this thread is yes.

[pillion] 21/12/2007 12:24

............ the total value of Minsec's holding of 68,402,118 ordinary fully
paid shares is US$26.5 million (A$30.8 million).

[pillion] 18/12/2007 01:16

Platinum at record price





More charts here

[whealan] 17/12/2007 13:44

robbie81. The rather alarming-sounding Early Warning Report appears to be a statutory Canadian requirement similar to our own disclosure requirements when a shareholding threshhold is crossed and with a bit more information.

[robbie81] 17/12/2007 13:16

Also, any idea why Minsec are funding the platmin share purchase with "debt"?

[robbie81] 17/12/2007 13:14

Be wary of Iluka, they are struggling because of a strong Aussie dollar and rising production costs, combined with relatively low growth in demand and prices for titanium minerals.

BTW. What is Minsec's early warning report:

"For additional information or for a copy of Minsec's early warning report,
please contact:"

[skyfoot12] 15/12/2007 22:45

The hot stocks of 2008

15/12/2007 9:14:00 AM ET

Credit Suisse:

Iluka Resources (ILU) - Has eight mining operations and six processing operations centred around mineral sands. Current: $4.43; Year High: $6.89 (Dec 06); Year Low: $3.91 (Nov 07).

[skyfoot12] 12/12/2007 15:57

today:
audio on copperco: