Minerva Res Share Discussion Threads

[fez] 10/7/2007 08:13

Previously Palladex Gold plc (PLX)

The old thread is here...



Minerva Resources - First day of dealings RNS here...



Minerva Resources Plc (AIM:MVA) ('the Company' or 'Minerva Resources'),
previously called Palladex Plc, (AIM:PLX), today announces the first day of
dealings of the Enlarged Group following the passing on 9 July 2007 of all EGM
resolutions relating to the acquisitions of Golden Prospect Mining Company
Limited ("GPMC") and Ethiopian Resources Limited ("ERL"); and the change of name
from Palladex plc to Minerva Resources plc. The acquisitions have been met by
the allotment and issue of 50 million new ordinary shares of 2.5p.

The focus of Minerva Resources will be resource delineation at two gold projects
and the further development of the Yubdo platinum mine in Ethiopia. Activity in
Ethiopia will be supported by cash flow from the Technical Services team
currently in Kyrgyzstan. Additional exploration assets in Sierra Leone will to
be developed by the existing Joint Venture partners.

Commenting today, Merlin Marr-Johnson, previously CEO of Palladex said, "We are
confident that the assets, skills and passion brought together in Minerva
Resources will create shareholder value. We welcome the new members of the Board
to the Company and, under the guidance of new Managing Director, Terry Ward,
look forward to the development of the Company's assets.

Commenting today, Terry Ward the new Managing Director of Minerva Resources,
said, "Today is the culmination of months of hard work to complete the
transaction. The ongoing and expanded development of key gold projects along
with the development of the existing platinum mine in Ethiopia, represent an
exciting phase of growth for Minerva Resources."

[fez] 10/7/2007 08:12

Having given up on their prospects in Kyrgyzstan, Palladex have now taken ownership of new assets, subject to shareholder approval. These include:

* Production of platinum concentrate from Yubdo Platinum and Gold
Development PLC ("YPGD"), Ethiopia

* Advanced stage gold exploration project at Tulu Kapi in Ethiopia

* Drill target assessment on Lake Sonfon Gold and Diamond exploration
project, Sierra Leone

* Exploration activities underway on Madagascan gold project

Palladex Plc (AIM: PLX) ("Palladex" or "the Company") today announces that it
has posted its re-admission document ('the Document'), in connection with the
proposed acquisition of Golden Prospect Mining Company Limited ("GPMC") and the
proposed acquisition of Ethiopian Resources Limited ("ERL").

In conjunction with the acquisitions, Palladex proposes to change its name to
Minerva Resources Plc.

The acquisitions constitute a reverse takeover under the AIM rules and
completion of the acquisitions is conditional upon, inter alia, both the
approval of the acquisitions by shareholders in an Extraordinary General Meeting
(EGM).

The acquisitions mark a change in the strategic focus of the company, from
Central Asia to Africa. The focus will be the further development of the Yubdo
platinum mine and resource delineation of the gold exploration projects in
Ethiopia, supported by drilling services currently in Kyrgyzstan. The assets in
Sierra Leone will largely continue to be developed by the existing Joint Venture
partners.

Palladex CEO, Merlin Marr-Johnson said, "The proposed merger with Golden
Prospect Mining Company Limited and Ethiopian Resources Limited represents a
hugely positive step for the Company. Our immediate goal after the EGM is to
increase output at the Yubdo Platinum Mine and rapidly advance resource drilling
at two of the gold prospects nearby in Ethiopia. We are confident the assets
brought together in the new company, Minerva Resources plc, will enhance
shareholder value."

Old Website:

New Website:

[kayak] 06/10/2001 15:25

Now called Interactivity Group.

[uglyboatrace] 06/10/2001 14:33

Anyone? Myval.com - were on Ofex, moved to Aim, then suspended - where are they now?!

[uglyboatrace] 04/10/2001 21:26

Just dug out some certs from the bottom drawer, hoping to be a millionnaire - can't even find a price for them!

[uglyboatrace] 11/8/2001 11:35

What is the new epic code???

[fft] 06/6/2001 09:35

Doesnt look as though adding this back into my portfolio screen is going to bring retirement closer. :-(

How a company can go from takeover to reverse takeover with nowt inbetween is beyond me. esp. when the directors are the only people who can subscribe at 1p.

Of course, the news flow was highly reassuring. At least their postage/telephone/typing/stationary cupboard expenses must be close to 0.0 for the last 6 months.

Very fishy. Directors to avoid in future me thinks.

[adamh] 06/6/2001 09:26

I think they should rename it inactivity group....... Market makers are very keen on this with two on a 50% spread and a huge NMS of £250INTERACTIVITY (ORD 0.5P)   Prev.Close 1½NMS 3000ISIN GB0004412895Sector AIMSegment AIMSEDOL 441289No trades.    Trade Hi Trade Lo Cum Vol 0Mid Hi 1½Mid Lo 1½Open 1½Mid 1½ 0(0.00%)7:35WINSMLSBSCAP1-1¾SCAP 1-225x257:431-225x257:42 1-1¾25x257:35

[kayak] 06/6/2001 09:13

Now called Interactivity Group, ITG.

[fft] 06/6/2001 08:36

Whatever happened to MVA ? entering MVA or myval produces no response in quotes. Any ideas anyone ?

It doesnt appear in the news either. spooky. shades of 1984 maybe `?

Whatever happened to Shadowman ?

[fft] 06/6/2001 08:34

Why isnt the symbol MVA available, or the name myval ?

anyone know ?

[citytraderboy] 09/5/2001 09:23

LONDON (AFX) - Trading in Myval.com PLC shares was restored this morning,
the Alternative Investment Market announced.
shw


For more information and to contact AFX: www.afxnews.com and www.afxpress.com

[tonyx] 17/4/2001 08:34

Received documents this a.m re issuing of new shares at .75p (yes three quarters of a penny) and change of name.

As far as I can see my initial investment will be worth sweet FA on readmission to aim.

NOT HAPPY and thinking of voting against this proposal.

Tony.

[intfluf] 26/2/2001 13:45

Just bringing this back to the top.
Anyone know if any news is imminent ?

[psyconaut] 13/1/2001 15:35

tonyx.......Myval is currently suspended pending the reverse takeover of GTC (uk) Limited. See Myval discussion board on iii for further details (I post as Laserlight).

Regards.

[tonyx] 13/1/2001 15:31

Does anyone know what's happened to MyVal.com???
Any info would be kindly appreciated.Regards,
Tony.

[mad mac] 04/5/2000 01:19

I'm long on these. I have great hopes, too. And I'm mad.

(Did you see the ad for Vote-4-Mayor.com in the Evening Standard today? Nicely placed on the Standard double page spread about the election; nice looking Swedish lassie.)

[mad mac] 04/5/2000 01:19

What's NIISYF? Something to do with Not Investment advice?