Share Name Share Symbol Market Type Share ISIN Share Description
Minerva Res LSE:MVA London Ordinary Share GB0033826206 ORD 2.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.70p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 1.08

Minerva Res Share Discussion Threads

Showing 126 to 148 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
23/6/2009
18:06
Hi all, I'm a shareholder in DWY and would like to pose a question to you all, if you could post your replies on the DWY bb I would be most grateful. I have emailed DWY to find out why they make no mention of the Yubdo asset in the 'Summary of the offer'. I am wondering why in the 'Summary of the offer' DWY make no mention of Minerva's holding in Yubdo Platinum and Gold Development PLC. Look forward to hearing your thoughts. Below are some details of the Yubdo holding (if you didn't already know:)); "Yubdo Mining is the sole platinum producing company in Ethiopia. It is a small scale operation, currently producing approximately 100 ounces of platinum a year. Minerva Resources is investigating the viability of increased mechanisation and expansion of the current mining operations". http://www.minervaresources.com./02-mining.html * Agreement reached to increase the Company's holding in Yubdo Platinum and Gold Development PLC, Ethiopia from 51% to 72% through the completion of a Feasibility Study. * Commissioning of pilot gravity recovery plant at Yubdo, Ethiopia. The Company completed an agreement, in March 2008, to acquire a further 22% interest in Yubdo Platinum and Gold Development PLC from Ato Benti Tasissa Negewo, who holds 47% of the company, for a maximum consideration of US$5 million, depending upon the results of stages in the project, upon the completion of a feasibility study into the viability of a mining and processing operation to produce a minimum of 50,000 ounces of platinum per annum
jonny flame
23/6/2009
11:33
Amen to that. It would have been a waste given the prospects this company had. I'll be happy with DWY shares.
dogberry202000
23/6/2009
11:14
Well I am glad it didn't go the way Cambridge Minerals has ended up.
rathkum
23/6/2009
07:51
1.2p per share - thats a reasonable deal imho given the cash flow crisis at the company. and it takes us into a holding with Dwyka which is a decent hold imho. Ethiopian gold must look pretty attractive
fairdeal2008
08/6/2009
10:07
might be last chance to get into DWY before it starts to motor?
6kenny
01/6/2009
10:38
Thanks for that 6Kenny, Tulu Kapi may turn out to be a gem for Dwyka
rathkum
01/6/2009
09:40
cash rich, great communicative CEO and a massive nickel project called Mure mura which is 10km away from a huge Xstrata project. one to tuck away but I am expecting 15-20p in the next 3-6 months.
6kenny
01/6/2009
09:25
6Kenny Good point, anything you can add about DWY as a shareholder
rathkum
01/6/2009
08:08
If the Tulu Kapi project is so good potentially is it worth you guys buying shares in DWY if they acquire it? I am a holder in DWY.
6kenny
01/6/2009
06:35
1p share offer looks very likely to go ahead... Money back at least...
fairdeal2008
05/5/2009
12:49
Slight I guess, there is always a sticking point with these MOU. I'll be happy with get back "something".
rathkum
05/5/2009
12:24
I think so judging by today's rns....
fairdeal2008
27/4/2009
16:42
http://www.investegate.co.uk/index.aspx?date=20090427 Is there any hope I wonder?
rathkum
24/4/2009
15:53
I wonder how this would work out if an offer is made for the company whilst still suspended. Like the timing of the RNS, after closing on a Friday. Had written this off but a few pennies for my holding would be welcome.
rathkum
24/4/2009
15:34
Possible Offer (Minerva Res) TIDMMVA AIM Release 24 April 2009 Minerva Resources plc (AIM: MVA) ("Minerva Resources" or "the Company") Possible Offer The Board of Minerva Resources advises the following update to the market on its funding status. The Company confirms that it is in discussions with a number of parties regarding financing and corporate transactions, which may or may not include an offer for the entire issued and to be issued share capital of the Company. Shareholders should be aware that there is no certainty that an offer will be forthcoming and no certainty as to the terms on which any offer might be made.
cyberpost
11/2/2009
18:11
Indeed, frustrating. Evidently the best way through this is to prove up the resource. I spoke with the management last year and although cautious with words they were clearly excited about the prospects for Tulu Kapi. The grades in previous rns were excellent and (although I may be wrong) I got the impression they were looking at a large potential resource. The CVA gives them breathing space to sort out the resource and in a month or so with this work done and possibly markets looking stronger they may be able to find some funding and continue their work. They could fail to do this and run oput of cash, but I still think there is a reasonable chance they could pull this off and in the interim we have a nervous wait. Here is an interesting article for those chasing the golden dream.... http://www.resourceopportunities.com/s/LatestFreeArticles.asp
fairdeal2008
30/1/2009
13:02
Operational Update and Suspension of Trading in Shares (Minerva Res) TIDMMVA AIM Release 30 January 2009 Minerva Resources Plc (AIM:MVA) ('Minerva Resources' or 'the Company') Operational Update and Suspension of Trading in Shares The Directors of Minerva Resources plc ("Minerva Resources" or "the Company") are pleased to announce that a Sale and Purchase Agreement has been signed for the disposal of its wholly owned subsidiary Palladex Limited (Samoa) and its subsidiaries Palladex Geotechservice LLC, Kyrgyzstan, and the Representative office of Palladex Limited in Azerbaijan to their management for the consideration of US$79,208 and the repayment of loans to the value of US$420,792. The Company will write off the outstanding loan amount of US$852,494 in conjunction with the above transactions. Palladex Limited and Palladex Geotechservices LLC provide geotechnical and drilling services to exploration and mining companies in the Krygyz Republic, the Republic of Kazakhstan and the Republic of Azerbaijan. In the year ended 30 September 2007 the business had attributable profits of GBP114,137. The funds achieved through the agreement will provide Minerva Resources with additional short term working capital. As mentioned at the time of the placing on 17 September 2008, the Company anticipated that it would need to raise further funds in the first quarter 2009. Whilst the proceeds will allow the Company to meet its liabilities and commitments until late quarter one 2009, the Company will require further funds to continue to operate. The resource drilling programme at Tulu Kapi will be completed in early February. The data from the drilling programme needs to be compiled, assessed and a resource calculation undertaken, which is expected to be carried out over the next two months. During this time, all other exploration activities will be minimised. Given the current very difficult climate for small exploration companies to raise money on the equity market, the Directors have resolved to enter into a Company Voluntary Arrangement ('CVA') to enable a longer timeframe to seek the necessary additional funding required to continue operating the Company as a going concern. Should the creditors and members vote in favour of a CVA, the Company will be protected for a longer period from creditor pressures. The Directors and management are looking at all avenues for future funding arrangements or other strategic options. The disposal of Palladex Limited is conditional on the approval of shareholders in accordance with Rule 15 of the AIM Rules for Companies. A general meeting of shareholders has been convened for Wednesday 25th February to approve the disposal. A circular and notice of General Meeting is being sent to shareholders shortly and includes proposals to sub-divide the Company's share capital and to adopt new articles of association. It will be available on the Company's website at www.minervaresources.com The disposal is a related party transaction under the AIM Rules, as one of the purchasers is a Director of the Company's subsidiaries Palladex Limited and Palladex Geotchservice LLC. The Directors consider, having consulted with its nominated adviser, that the terms are fair and reasonable insofar as its shareholders are concerned. In light of the Company's intention to enter into a CVA, the company has requested a suspension, with immediate effect, of its shares from trading pending clarification of its ongoing financial position. The company will provide an update on the proposed CVA in due course.
cyberpost
30/1/2009
13:02
Suspension - Minerva Resources plc (AIM) TIDMMVA RNS Number : 5467M AIM 30 January 2009 ? NOTICE (71) 30/01/2009 1:00pm TEMPORARY SUSPENSION OF TRADING ON AIM MINERVA RESOURCES PLC At the request of the company trading on AIM for the under-mentioned securities has been temporarily suspended from 30/01/2009 1:00pm pending clarification of the company's financial position.
cyberpost
28/1/2009
22:26
Grossly undervalued but so are many others. Hope it comes good
rathkum
28/1/2009
21:58
well up 40% today - makes a change...... this is well worth as look imho - needs some newsflow from management.
fairdeal2008
13/1/2009
21:50
Well still the crazy spread, it needs to narrow a bit before folks will enter the fray. I dont think there is too much stock held by the MMs but it needs the volume interest to give them confidence to start moving I guess. Took a couple of chunks at 0.9 and the spread did cause a little gut wrench. But then again was looking at these at 3.5p a few months ago so the spread at the moment is a bit artificial. Currently they have: - Ethiopian Gold (hopefully close to declaring a JORC after final drill results announced and hopefully above 1mn ounces of gold (inferred) - this prospect is a potential big find) - Drilling company that has confirmed revenues of $5mn through contracts announced last year (that's nice cash flow to support exploration and the thought occurs to me they could sell it to raise some cash if needed.) - Platinum mine and production facility (small scale and the only Ethiopian Platinum production I believe, but output is being scaled up and they have an agreement in place to increase ownership I think if the business proves as lucrative as I suspect it might) - Various other bits and bobs but the above are the chunky elements. All for about £1mn I believe all in. Its a good tale, it could take off with the right news (esp. re the Ethiopian gold story). IMHO
fairdeal2008
12/1/2009
11:39
And also a link to the minesite page on the company which summarises most of the corporate information: http://www.minesite.com/companies/comp_single/company/minerva-resources-plc.html
fairdeal2008
12/1/2009
11:37
Link through to research report on the website: http://hugin.info/138282/R/1242384/267102.pdf Gives a good background to the company and what its up to.
fairdeal2008
Chat Pages: 6  5  4  3  2  1
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