||COM SHS NPV
||EPS - Basic
||Market Cap (m)
Moydow Mines Share Discussion Threads
Showing 1 to 8 of 25 messages
Chat Pages: 1
|missed it - mm's wouldn't deal.....then raised the prices.....
Somebody got 5000 @22p. for a nice £800 or so profit.|
|Took MMs a while to spot it!|
|make that 82%.|
|well its up 50% so far.|
|for total consideration valued at US$58 million.
Can someone explain this for me ?
Isn't current Market cap approx £20m or $32m ?
Is this an 80% premium ?
Seems too good to be true ?
(so it probably is)|
RNS Number : 9931A
Moydow Mines International Inc
19 October 2009
Toronto, Ontario:??MOYDOW MINES INTERNATIONAL INC. (the "Company") is issuing a
press release regarding recent market speculation at the request of market
regulation services on behalf of the Toronto Stock Exchange and in compliance
with the AIM Rules.
As previously reported, the Company has received unsolicited offers for its 2%
net smelter return royalty on the Ntotoroso gold property in Ghana and has
appointed Sierra Partners LLC of Denver as financial advisor to consider
strategic options to maximize shareholder value and it has held preliminary
discussions with third parties expressing an interest in a potential transaction
with the Corporation. While such preliminary discussions are ongoing, no
assurance can be given that a transaction will be completed.
These alternatives may include but are not limited to strategic alliances,
financing opportunities, mergers, acquisitions, a sale of all or part of the
business, or such other alternatives that are considered to be in the best
interest of the Company's shareholders. There can be no assurance that the
strategic review process will be successful and the Company may discontinue the
strategic review process at anytime.
The Company further brings to the attention of the market certain information
made public by Newmont Mining Corporation. Newmont has made public the fact that
it is evaluating the potential of an underground mining operation at its Ahafo
Mine in Ghana, a portion of which concerns land over which the Company holds a
2% net smelter return royalty.
More particularly, Newmont has indicated that an underground operation has the
potential to expand the reserves and resources of the Subika deposit by between
4 and 7 million ounces.
The Company is engaged in the acquisition, exploration and development of
mineral properties worldwide. Corporate information is available on the
Company's website www.moydow.com The Company is listed on the Toronto Stock
Exchange and the AIM Market of the London Stock Exchange under the symbol
"MOY".For further information please contact Michael Power, Vice President,
Corporate Development at 416-703-3751
On behalf of the Board of Directors
"Signed"Brian Kiernan, President and Chief Executive Officer
Davy Corporate Finance
Ivan Murphy / Anthony Farrell
Phone: +353 1 679 6363
This information is provided by RNS
The company news service from the London Stock Exchange
|bought into this one a while ago. There is a BB on Stockhouse USA. Long term holders there say to be patient and that managament is well regarded. It will be interesting to see how they prioritise the various projects|
|Okay lets dump the private placing !|
Chat Pages: 1