Mineral Sec Share Discussion Threads

[pillion] 22/9/2008 12:34

Mineral Securities says to redeem all outstanding shares

[peter stefano] 01/9/2008 16:55

Am I correct in saying that when or maybe that should still read if COPPERCO LTD take over MXX that the new merged entity will be listed on the ASX?

The reason I ask is for ISA admin!

[bladeboy] 13/8/2008 16:18

Pillion, thanks for the confirmation, that's how I got tangled in this also. They changed their name so many times that I wasn't quite sure.

Cheers,
bb

[pillion] 13/8/2008 13:44

Yes !!
That's how I got roped into this mess
Scarborough took over GRWA; - MXX took out Scarbo

I am well out of them now but still took a hit

djalan

[bladeboy] 12/8/2008 21:12

Can somebody please confirm if these were once greenwich mineral resources?

Many thanks,
bb

[mr.oz] 07/8/2008 21:06

BUY
4 August 2008
CopperCo Limited / Mineral
Securities Limited
Attractive combination of cash flow with an
unfunded development portfolio
PRICE: A$0.41 | AUSTRALIA | MINING | CUO AU

[pillion] 04/8/2008 12:54

Deutsche Bank has called the top of the commodity cycle. The uber-bulls of the oil, food and metals boom have advised clients to take profits before the downturn engulfing most of the global economy works its inevitable effects....................

[whealan] 01/8/2008 12:26

55% acceptances for the merger.

[mr.oz] 01/8/2008 09:34

Very good article just published ..


Friday, August 01, 2008
Tianshan Goldfields share performance and reality decouple

Tianshan, with a market cap of £36 million, is valued at or around US$35 per attributable ounce of measured and indicated resource, equivalent to 4% of the gold price.

[beeltee] 28/7/2008 07:55

RNS Number : 9706Z
Mineral Securities Limited
28 July 2008









MINERAL SECURITIES LIMITED




RNS ANNOUNCEMENT




28 July 2008




COPPERCO SUBSTANTIAL SHAREHOLDER NOTICE







Mineral Securities Limited ('Minsec') advises that CopperCo Limited ('CopperCo') has today lodged a Form 604 in respect of Acceptances it has received for its ongoing offer for Minsec shares. The number of Acceptances reported including irrevocable undertakings by the Minsec Directors is 52,874,203 or 30.87% of Minsec's shares in issue (33.61% excluding Treasury Shares which are in the process of being cancelled). A copy of the form may be found on the websites of Minsec and ASX (www.mineralsecurities.com and www.asx.com.au)







For additional information please contact:




James Haddock ) London [phone]
Company Secretary )




Martin Eales )

RBC Capital Markets ) [phone]







This information is provided by RNS
The company news service from the London Stock Exchange

[whealan] 26/7/2008 15:45

A long term investment is a short term investment gone wrong. Anyway I suppose most of us who have stuck with these have done so for a belief in their underlying value which must out in the end if they can get through the short term travails.

[mr.oz] 26/7/2008 11:09

thanks for the thoughts , robbie

[nutt] 26/7/2008 09:27

Market(money) makers should do well out of this share over the next few days.Am forever hopefull we shall be well rewarded for staying with this one.Guess I have to think like that .Though fundamentals and management look very strong which ever way you look at it.

[robbie81] 24/7/2008 16:01

Mr. Ox - HK makes sense for mining companies exploring or mining in China, there are/will be quite a few listings for Chinese-based miners on the HKSE and, as getting financing from other markets is now more tricky, access to emerging market money seems logical.

[bionicdog] 24/7/2008 09:06

July 23, 2008

Mineral Securities Plans to Advance From Mini-Mining House To Mid-Tier Producer


By Charles Wyatt



Remember Mineral Securities? Yes, that's the company that took what seemed like an age to merge with Robert Champion de Crespigny's Scarborough Minerals and since then has been engaged in getting back together with CopperCo which it spun off back in 2006. All this corporate activity must be manna from heaven for its advisers in Australia and the UK as the company is listed on both AIM and ASX, but there has been serious industrial logic behind each deal. With the acquisition of Scarborough Mineral Securities obtained about A$30 million in cash, a new chairman and a 25 per cent interest in the Lady Loretta lead zinc mine which is about 800 yards away from the Lady Annie copper project owned by CopperCo. Money is always useful, a chairman is a necessity of life and Lady Loretta is key to the future of the enlarged group which is still seeking a new name, according to chief executive Keith Liddell.
Up until now – and the CopperCo deal is now down to the last strokes - Mineral Securities has been rated as a form of investment trust with holdings in a number of companies. Out come the calculators to value each holding and out jump figures proving that the parts are worth more than the whole. Well bless my cotton socks, what clever little analysts they are. Perhaps they have not been out of school long enough to know that the whole of the investment trust sector is valued by way of discounts to net asset value. Put simply, there is no way a company can be valued on the basis of its shareholdings simply because they cannot be unlocked and this is why Keith is now building a mid –tier producer of gold, platinum, copper, lead and zinc, with perhaps some nickel, with assets in Australia, South Africa and China. Non-core assets will be sold and he does not value the AIM listing too highly so that could go as well.

Platinum is his first love as it was as managing director of Aquarius Platinum that he first made a mark with his pool- and – share deal for the Kroondal mine with Anglo Platinum and anofftake agreement for concentrate with Impala Platinum. Mineral Securities has backed Platmin all the way and now has an 18 per cent holding, but Keith would like to increase this as the company is already mining waste and the mine should be commissioned in the first quarter of next year. Keith can find no platinum in China, so reckons that it will not be long before the Chinese are sniffing more actively around the Bushveld Complex as the huge increase in car numbers in that vast country will require catalysts. So far only Zijin Mining has taken a significant stake in Ridge Mining, but more are sure to follow.

So back to Mt Isa where CopperCo has brought its Lady Annie mine into production at a rate of 19,000 tonnes of copper/year and intends to jack this up to 30,000 tonnes over the next couple of years. This is a copper oxide deposit which is treated by heap leaching prior to solvent extraction through a float plant so the ore from Lady Loretta can also be treated through it using a different flowsheet. As a credit it should produce sulphuric acid which will be used in the treatment of the oxide ore. CopperCo also acquired an interest in another listed Australian company called Universal Resources three years ago. Universal Resources will shortly be bringing the Roseby copper-gold mine also at Mt Isa into production, so the master plan for Mineral Securities, via CopperCo, to create a substantial independent copper producer focused on the Mount Isa block becomes more obvious.

Consolidation is going to be the key to success for Australia's mining industry in the future to maximise economies in the face of rising costs and Mineral Securities/CopperCo holds some very strong cards in the Mt Isa region. If all goes well production could be well spread through zinc, lead, copper and gold and the latter will add to the company's interests in China as Keith is interested in geographical as well as product spread to counter political risk and metal price volatility. Here it has a 25 per cent interest in ASX listed Tianshan Goldfields with its Gold Mountain project in the northwest of the country which is now at the pre-feasibility stage; has a resource of around 3 million ounces of gold; and has many more drilling targets ahead to increase this further.

The Chinese project that really interests Keith, however, is the Golden Sea JV in Qixia County on the Shandong Peninsula in Eastern China where its 25 per cent partner is the local government. The Shandong Peninsular is the largest gold producing region in China and the partners are carrying out a systematic exploration programme to discover new mineralised systems beneath the thin cover of alluvium and colluvium which is widespread in the region. Plenty of gold-in-soil anomalies have been identified and many of these have been upgraded to targets for the current drilling programme. Bureaucracy tends to be slow in China, but Keith reckons there is a basic logic about its progress and his partner keeps a very close eye. This is one of the advantages of the joint venture and another is that Mineral Securities is high on the pecking order when other projects appear in the region.

The core projects for Mineral Securities/CopperCo in the future will be Lady Lorretta, Lady Annie, Platmin and Chinese gold. Anything else could be sold off at the right price, according to Keith, but he is in no great hurry as the enlarged company has around A$12 million in the till. The wild card, however, is mineral sands and the company has a 34.6 per cent holding in an ASX listed company of that name. Keith only gave one or two clues, but a little detective work revealed that Mineral Sands has licences and applications along the western margin of the Eucla Basin in Western Australia. Its Plumridge tenement lies in the Yilgarn Transition Zone, a newly postulated gold province that hosts the 4 million ounce Tropicana deposit and is along strike from it. Nothing definite yet, but Minerals Sands could have gold in its sights. If so, don't forget that you read about it first on Minesite as some interesting drilling reports could appear at any moment.

[mr.oz] 17/7/2008 10:30

anyone .... any thoughts on this news about TGF

I can't make my mind up what to think.
EPS dilution, against working capital and enlarged investor involvement
Seems early to talk about taking debt too. But this is all evidence of a growning entity

full transcript:
Tianshan Goldfields mulls HK share sale


Bloomberg in Perth
Jul 16, 2008

Tianshan Goldfields, an Australian company seeking to mine bullion on the mainland, is considering a Hong Kong share sale to raise funds for the project.
The company expects to spend as much as A$70 million (HK$529.54 million) on the project in Xinjiang province before mining starts in the first quarter of 2010, chief financial officer Jason Bontempo said.

China's consumption of gold jumped 23 per cent last year, making it the world's second-largest consumer. Gold climbed to a record in March, prompting mining companies to seek deposits.

"Raising money through Hong Kong for a mainland project could make a lot of sense," Mr Bontempo said. Tianshan might also sell debt, he said, without giving details.

Macquarie Group on July 3 raised its stake in Tianshan Goldfields to 11 per cent, trailing Mineral Securities' 25 per cent holding.

Mining companies are asking Hong Kong's stock regulator to relax listing rules so that explorers without proven production prospects could sell shares.

Spot gold hit US$987.75 an ounce yesterday, the highest since March 19, before easing to US$985.20 against US$971.20 late in New York on Monday.

Falling mine production and the declining US dollar were the main spurs for gold buyers, said Citigroup Global Markets analyst John Hill.

"One of the biggest attractions of China is the ability to be a low-cost producer," Mr Bontempo said. "If you are an Australian investor in gold, you are going to have to gravitate to companies with overseas projects. The Australian gold industry is suffering because it's failing to produce at reasonable costs."

Tianshan Goldfields has 2.6 million ounces of resources at the Gold Mountain project in Xinjiang and may produce as much as 100,000 ounces annually in the first six years.

[djalan] 16/7/2008 11:54

.................trading like a depressed junior.........

Amen to that......

Third time lucky, will Robert de Cres...................???

No...........

[aim_trader] 15/7/2008 14:38

Mineral Securities - An emerging mid-tier mining group, trading like a depressed junior

The merger with CopperCo is now nearing completion. The enlarged group, New CopperCo, is a compelling value opportunity, with an outstanding strategic position in the junior mining sector. The company is in effect an emerging mid-tier mining group, priced as a depressed junior.



and

[lady alethea] 13/7/2008 19:02

Which the ASX obviously is!

Selftrade should hold their heads in shame!

[scribbler101] 13/7/2008 18:46

I'm fairly sure - but not certain - that your ISA can buy on AIM, so long as the stock is LISTED on an approved exchange.

[nutt] 11/7/2008 06:58

New company will be Isable as per revenue rules.However to suggest that T.D.Waterhouse would beable to handle it,I doubt as they could not or would not understand that MXX is Isable.I have been assured by Hargreaves that although they do not presently trade on ASX that I will beable to continue to hold them in my ISA which is a tremendos relief as I take great comfort todate as having protected my loss.

[mr.oz] 10/7/2008 18:35

Hello PB. Actually, they were fully ISAble being dual listed. However, they may still be , but not with ST. They do not handle ASX listed stocks at all. This is now clear from them.
TD Waterhouse do handle ASX (and lots of other international mkts)
Choices are, as far as I can see now:
1) Transfer allotted ASX Certs to TDWH Plus (International) account
2) Transfer funds to TDWH and buy new ASX listed TGF shares

Am watching the share price , I want to be invested in TGF for the medium/long term.

[peter bonetti] 10/7/2008 17:05

mr.oz - also had a b*ll*xs letter from SELFTRADE. Correct me if I am wrong, but isn't the end entity going to be trading on the ASX and therefore fully ISAble?

[pillion] 08/7/2008 22:59

OOOPS !!
forgot to post the bull board url

[mr.oz] 08/7/2008 22:29

cheers Pillion... I can't believe it , but Selftrade have given me just given me two pieces of advice that contradict .
I spoke to them this morning and they said 1) sell or 2) wait for the ASX Paper

They e-mailed me today (just read it) to say I can transfer them to my dealing account. I doubt this , and have asked them to check again.

tut

I can not actually see Selftrade offerring the ASX market anywhere on their Site.
e.g. I can not make any Dummy trade to buy TGF on ASX

Annoyed at the mo.....