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PMCI Platinum Min

17.11
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Platinum Min LSE:PMCI London Ordinary Share GB00B06T2F98 ORD 0.045P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 17.11 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Platinum Mining Of India Share Discussion Threads

Showing 701 to 722 of 800 messages
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older
DateSubjectAuthorDiscuss
05/12/2006
13:57
In fact where,s Dinocuri, I would like to know his/her further comments? I have spoken to my broker again and they say that the latest they have heard, despite the denial in the last rns that they do plan to delist from AIM. So although very risky (but i dont hold a hugh amount) you would still have shares in their company albeit you couldnt trade them easily. Herm r u there if i put my email up to have a chat?
krazykid
05/12/2006
13:39
:>) Yes i know in that respect Herm, but although very risky it was possible to hold onto them!!!!!
krazykid
05/12/2006
12:14
KK,they are all over at PVR!
hermana
05/12/2006
11:54
It's gone very quiet, so what did everyone do then, sell?
krazykid
30/11/2006
13:10
AJ->THE COUNT,

Perhaps neither the Directors nor their Brokers have a clue what they are doing well unless this is yet another AIM mining stock promotion?

Are you sure that the rock types in India are old enough to host PGM's?

All IMHO, NAG, DYOR etc

Cheers

Ash:)

mr ashley james
30/11/2006
12:04
Bomber...to THE COUNT.

I sat next to you at the MXP AGM, not sure if you remember me.

I think you should have a look at SPA, it has taken off recently but there is alot more to come, IMHO.

I have been in since 34p two years ago but added all the way down to 11p.
I have 2.6 million shares and will be riding it all the way.

Interested to know what you think as I know you are meticulous in your research!

best wishes
Buzzzzzz

bombers
29/11/2006
17:32
Have a look at their website - they're no mugs.

www.scp.ru

superdonkey
29/11/2006
17:13
THE COUNT--->MR ASHLEY JAMES

So the company is being bought out at 12p per share, in this underhand manner, because they want to lose all their money as there is nothing really there??????????????????

That's nonsensical.

Regards,

THE COUNT!

the count
29/11/2006
17:01
AJ--->THE COUNT

Surely this is just another stage in the sorry saga with AIM MINEX Stocks.

I have never been certain that the Rock Ages in India are necessarily old enough ie circa 1.50 billion to 2.50 billion years old to host PGM Deposits, which tend to be in a line in the North from Canada, through Shetlands, to Finland to Russia to Siberia, and to the South from Brazil to South Africa,Tanazania and Zimbabwe Eastwards to Australia and New Zealand.

I never understand why people invest in mining stocks that are not run by Mining Engineers with proven track records of putting mines into production.

Seeing as the UK has virtually no operating mines left, it seems pretty obvious to me that Qualified Experienced Mining Engineers and Operators are only likely to be found in Canada, South Africa and Australia, and that their input is so essential that to me investing in the UK has become too risky to contemplate in this sector.

The homes of mining are TSX/TSE, JSE, and ASX I simply do not understand why people invest outside of these markets in Mining Stocks, apart from secondary listings perhaps.

PGM Mining, Refining and Smelting is one of the most complex processes in the sector, separating 6 PGMs, and Gold at extremely high melting points from Matte, requiring expensive refineries nearby to work.

Seeing as how there are only really Refineries of this kind in Sudbury Ontario, 5 in Russia, one in Skandinavia and two or so in South Africa, why on Earth do people invest in Countries that do not have the mining plant infrastructure in place, let alone the qualified experienced operators, to produce PGM's anyway?

All IMHO, NAG, DYOR etc

Cheers

Ash:)

mr ashley james
29/11/2006
16:58
the plot thickens - if they are not going to delist then i am happy to hold - but can the new management be trusted ?
roodboy
29/11/2006
16:29
The Count > Totally agree. But what can we do, same old story PIs have no clout. I might drop a line to the compliance officier of the LSE, but don't hold your breath. They'll come out with some Bull Sh*t answer to try & pacify us. For what it's worth Cornhill are still advising their clients to sell, which surprised me. If they thought PMCI has a world class asset and SPI has advised that they are not going to delist, shouldn't the advise be to hold????

I think i'm going to hold, what's everyone else doing?

superdonkey
29/11/2006
14:19
SPI have a strange definition of the word "opinion"

Abstract from news release 23 November:
SPI reserves the right, if sufficient acceptances are received by 1.00pm (London
time) on 8 December 2006 to (i) acquire compulsorily the remaining PMCI Shares
to which the Offer relates on the same terms as the Offer and/or (ii) exercise
its rights to procure the making of an application by PMCI to the London Stock
Exchange for the cancellation of the admission of PMCI Shares to trading on AIM.

Abstract from News release 29 November:
SPI has not, during or prior to the offer period, expressed an opinion on
whether it would wish to (i) acquire compulsorily the remaining PMCI Shares to
which the Offer relates or (ii) procure the making of an application by PMCI to
the London Stock Exchange for the cancellation of the admission of PMCI Shares
to trading on AIM. Following the PMCI announcement of 24 November 2006, SPI has

superdonkey
29/11/2006
12:02
SPI to keep AIM listing:

Offer Update

RNS Number:9018M
Montrose Partners LLP
29 November 2006


THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
CANADA OR JAPAN

PRESS ANNOUNCEMENT

FOR IMMEDIATE RELEASE 29 November 2006

CASH OFFER
BY
MONTROSE PARTNERS LLP
ON BEHALF OF
SPI PARTNERS LIMITED
FOR
PLATINUM MINING CORPORATION OF INDIA PLC

On 23 November 2006 it was announced that as at 1.00pm on 23 November 2006 SPI
owned or had received valid acceptances in respect of 111,114,224 PMCI Shares
representing approximately 63.26 per cent. of PMCI's existing issued share
capital.

The announcement also stated that, SPI reserved the right, if sufficient
acceptances were received by 1.00pm (London time) on 8 December 2006 to (i)
acquire compulsorily the remaining PMCI Shares to which the Offer relates on the
same terms as the Offer and/or (ii) exercise its rights to procure the making of
an application by PMCI to the London Stock Exchange for the cancellation of the
admission of PMCI Shares to trading on AIM.

On 24 November 2006 the board of PMCI announced that it recognised that control
of PMCI had effectively passed to SPI.

In that announcement the board of PMCI also advised PMCI shareholders who had
not accepted the Offer to "consider carefully the risks of not accepting the
Offer, including the fact that they could become minority shareholders in a
company controlled by SPI without any market for their shares in PMCI".

As at 1.00pm on 28 November 2006 SPI had received valid acceptances in respect
of 90,156,140 PMCI Shares representing approximately 51.33 per cent. of PMCI's
existing issued share capital. Accordingly, as at 1pm on 28 November 2006 SPI
owned or had received valid acceptances in respect of 119,111,148 PMCI Shares
representing approximately 67.82 per cent. of PMCI's existing issued share
capital.

SPI has not, during or prior to the offer period, expressed an opinion on
whether it would wish to (i) acquire compulsorily the remaining PMCI Shares to
which the Offer relates or (ii) procure the making of an application by PMCI to
the London Stock Exchange for the cancellation of the admission of PMCI Shares
to trading on AIM. Following the PMCI announcement of 24 November 2006, SPI has
decided that even if sufficient acceptances are received by 1.00pm (London time)
on 8 December 2006 it does not intend to (i) acquire compulsorily the remaining
PMCI Shares to which the Offer relates or (ii) procure the making of an
application by PMCI to the London Stock Exchange for the cancellation of the
admission of PMCI Shares to trading on AIM. Accordingly, if PMCI Shareholders
wish to remain as shareholders in PMCI they may do so and SPI will endeavour,
subject to the rules of AIM, to ensure that the listing of PMCI on AIM is
maintained.

Now that SPI holds a majority of the PMCI Shares, the board of SPI intends to
devote substantial resources to come to an understanding on the commercial
relationship between FACOR and BPM and to find mutually satisfactory
arrangements between the participants in the Boula mine going forward. Although
there can be no assurance that FACOR will be willing to enter into any such
arrangements, the board of SPI is cautiously optimistic that satisfactory
working arrangements will be agreed with FACOR in the near future.

Enquiries:

Montrose Partners LLP Tel: +44 020 7484 0902
(Financial Adviser to SPI Partners Limited)

Matthew Clarke

superdonkey
28/11/2006
12:02
why do you say that?
money4me
28/11/2006
11:33
Sorry but you are talking BS mate
dinocuri
27/11/2006
20:30
yes - we appear to be in the no win situation. I am going to throw in the towel and get my money into somewhere else, probably Encore Oil where the management have a reliable track record. We live and learn :-) all the best folks
money4me
27/11/2006
13:44
it is a terrible thing as there is no market to sell your shares - anyway if they get the 75% they need to take the company private then it is more than likely they will then get to 90% at which point you will have no choice but to sell your shares at the pitiful price they offer
roodboy
24/11/2006
17:40
Can anyone explain why it is a terible thing to hold shares in a company that has been delisted. Pickering and SPI et al seem to think the company is worth something. I would not be surprised if the company was to be relisted at another date with other directors and financial backing (possibly linked to Russia) and who knows with some postive news what may happen.
dinocuri
24/11/2006
14:38
Why are you only thinking of contacting the DTI Count? Do it! what have you got to lose and you never know. The last few RNS's have implied that if you dont sell then you will lose everything and they have extended the date to make it sound like you get another chance not to lose out. Extremely misleading....go for it.

Bloody shame you havnt got 12% then we'd have um by the gooolies :>)

krazykid
24/11/2006
14:31
The count - totally agree. look at the latest RNS from the board.They are all going to sell to SPI, except Philip Adeane. This gives another 2.8% to SPI. I don't think the DTI will give two hoots regarding how the incumbent board have behaved. Anything goes when it comes to AIM listed companies, the only people that make money are the advisors. Have a look at PKL. Don't sell.
Anyone know Newbery's home address so we can send him seasons greetings?

superdonkey
24/11/2006
14:22
THE COUNT--->ALL

As far as I'm concerned, this is a breach of fiduciary duty towards the shareholders of the company by the present directors. There has been an absence of any clear strategy to go forward thus leaving the road clear for this 'crooked' lot to go ahead and take over the company for next to nothing.

If they don't get 75%, then they cannot delist and therefore everythign they do would be transparent as they would have to report to the market. If they reach anything over 90%, they can make a compulsory purchase of all the shares.

This has not been made clear in that RNS to let people know what the risks are of taking any particular direction.

I am thinking of contacting the DTI about this. I really think there has been a breach of fiduciary duty by the present board towards its shareholders. They sounded defeatist every time I called and tried to talk with any of them.

THE COUNT!

the count
24/11/2006
14:11
Well i pray that the last 12% DONT accept and then it appears they still cant go ahead. I thing the RNS is a disgrace, bullying to the extreme. For small private investors i think it is scandalous to scare people like that.

'W.H. Ireland Limited, recommends shareholders to consider carefully the risks of not accepting the Offer,including the fact that they could become minority shareholders in a company controlled by SPI without any market for their shares in PMCI'.

'any shareholders who have not yet accepted the Offer and who do not wish to take such risks are accordingly recommended to accept the Offer as soon as possible'

I'd rather throw mine down the toilet then let them have them

krazykid
Chat Pages: 32  31  30  29  28  27  26  25  24  23  22  21  Older

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