Platinum Mining Of India Share Discussion Threads

[hermana] 28/2/2007 17:49

KK,a lifetime ago Cornhill tried to lure me into PMCI but I escaped their avaricious attempts and TUed into the Explorer instead. If the truth be told her indoors decided PMCI looked too risky......

[krazykid] 28/2/2007 17:44

Yes sireeeeeee Herm of course. wouldnt mind the dosh from here though to top up....you find me wherever I go :>)

[hermana] 28/2/2007 17:40

KK,still in PVR?

[krazykid] 28/2/2007 17:38

Yes, some peeps that sold earlier may not know, that SPI, despite saying they would not, then went ahead and compulsory purchased the remaining shares. So much for me holding on and prefering to flush down the toilet!! If you had agreed earlier under section 429 then you get your money in 14 days.....SPI's right was exercised on the 7th Feb deadline, i phoned on 21st to be told by end of Feb, now today been told as I missed the first acceptance it was now a 430 and there was no time span, prob looking at end of March! Told Hoodless this couldnt be right, there must be some time span still attached or they could just keep my money forever....after bloody nicking them that would be salt in the wound.

Snap-who you with as it sounds like u didnt accept till the end but you have your money?

[snaptastic] 28/2/2007 13:15

mine were sold and i reinvested into MOG at 141.. good move in hindsight...

[dinocuri] 28/2/2007 13:04

I am investigating why my shares in this co have been compulsorily sold without my express consent!
Not impressed!!!!!!!!!!!

[superdonkey] 30/1/2007 09:52

Will we, finally, see some movement on developing the mine?

Platinum Mining says FY pretax loss widens to 1.01 mln stg

LONDON (AFX) - Platinum Mining Corp of India PLC, which maintains its
independent AIM listing after being taken over late last year by SPI Partners
Ltd, a subsidiary of Sun Trade (International) Ltd, reporteed a full year pretax
loss of 1.01 mln stg, widening from 943,033 stg a year ago.
The company said that during the year there has been no significant progress
in developing the Boula mine project in the eastern Indian state of Orissa as
the hostile takeover from SPI and a series of changes to the composition of the
board severely disrupted the company's activities.
However, Platinum Mining said it expects a full commitment to the Boula mine
project from share price will bring a new impetus to the development of the Boula mine.

[stu31] 26/1/2007 02:30

Who in their right mind is going to sell 25000 at 10.5p having rejected an offer at 12p last month?

[roodboy] 13/12/2006 15:03

i sold in the end - hopefully put the cash to better use elsewhere

[superdonkey] 11/12/2006 09:56

Own up who sold?

Platinum Mining Offer Update


RNS Number:5822N
Montrose Partners LLP
08 December 2006


THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
CANADA OR JAPAN
PRESS ANNOUNCEMENT
FOR IMMEDIATE RELEASE 8 December 2006
CASH OFFER
BY
MONTROSE PARTNERS LLP
ON BEHALF OF
SPI PARTNERS LIMITED
FOR
PLATINUM MINING CORPORATION OF INDIA PLC
OFFER CLOSED

On 28 September 2006, Montrose Partners LLP ("Montrose Partners") announced a
cash offer on behalf of SPI Partners Limited ("SPI") to acquire the entire
issued share capital of Platinum Mining Corporation of India PLC ("PMCI") not
already owned by SPI on behalf of SPI (the "Offer"). The offer document setting
out the full terms of the Offer (the "Offer Document") was posted to PMCI
Shareholders on 13 October 2006.

On 23 November 2006 the Offer was declared unconditional in all respects.

1.00 pm on Friday 8 December 2006 was the final closing date for acceptances of
the Offer.

SPI announces that, as at 1.00 pm on 8 December 2006, valid acceptances of the
Offer had been received in respect of a total of 141,962,019 PMCI Shares,
representing approximately 80.82 per cent. of PMCI's existing issued share
capital. This total includes acceptances received in respect of 51,984,000 PMCI
Shares (representing approximately 29.6 per cent. of PMCI's issued share
capital) which were subject to irrevocable undertakings to accept the Offer from
Mr Steven Newbery and Ms Lisa Pickering.

As disclosed in the Offer Document and the announcements on 3 November, 20 and
23 November 2006, SPI owns 28,855,008 PMCI Shares representing approximately
16.42 per cent. of PMCI's existing issued share capital. None of the PMCI Shares
owned by SPI are included in the total number of valid acceptances received as
at 1.00pm on 8 December 20066.

Accordingly, as at 1.00pm on 8 December 2006 SPI owns or has received valid
acceptances in respect of 170,817,027 PMCI Shares representing approximately
97.25 per cent. of PMCI's existing issued share capital.

The Offer has not been extended beyond 8 December 2006 and accordingly is now
closed.

The consideration payable to PMCI Shareholders who have accepted the Offer will
be posted (in respect of PMCI Shares held in certificated form) or settled
through CREST (in respect of PMCI Shares held in CREST) in accordance with the
Code.

[krazykid] 06/12/2006 23:04

Dinocuri

I'm sure your comments can be substantiated, so why not share it? By not supporting your statement it has no more logic than the person walking around oxford street with a banner stating the end of the world is nigh.
Obviously you have to look after your own investment first but isnt it nice to share if you have some other info which may help fellow investors, although it sounds like there are only 3 of us left! :>)

[dinocuri] 06/12/2006 16:26

sorry SD can`t do that

[superdonkey] 06/12/2006 14:58

Dinocuri > why should we trust you, do you know something we don't? If so please enlighten us. Cheers SD.

[dinocuri] 06/12/2006 14:29

Word on the ground is that they will NOT delist
Just Hold!
You will regret it if you sell now
trust me

[superdonkey] 06/12/2006 14:02

If you are unsure why not accept 50% of your holding and take a risk with the other 50%. No advice intended, just an option you may not have thought about.

Also, KK > don't normally go on ADVFN in the evening, watching champions leage instead.

Cheers SD

[roodboy] 06/12/2006 13:41

i am still 50/50 on whether to accept or not - i may take the money and watch the progress to see if they keep to their word ... im literally getting to the point where i will just flip a coin to decide

[krazykid] 06/12/2006 10:44

SD...cheers, as you can tell I've been waivering so nice to find someone else that has held on!!

[superdonkey] 06/12/2006 08:25

KK > Yes i'm going to take the risk. Sun group seem to have the resources to be able to get things moving and if they are true to their word, a big if, and don't delist, we could see some upward movement when they finally announce the results of the drilling.

[krazykid] 05/12/2006 23:48

SuperDonkey

Yes i did read the rns just saying what my broker told me today, that was the latest they heard. Did you decide to hold then?

[money4me] 05/12/2006 17:44

I wouldn't trust anything that's written about what's going on too much. They can de-list if they choose to, the fact that they are waving a carrot infront of us is nothing more than that

[superdonkey] 05/12/2006 16:46

SPI does not intend to delist:

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.

[krazykid] 05/12/2006 14:11

shouldnt have worried about filling up the thread as its a dead thread now then :>)

[hermana] 05/12/2006 14:08

KK,got it thanks!

[krazykid] 05/12/2006 14:06

have you taken it yet? sorry i did an edit so its above

[hermana] 05/12/2006 13:58

KK,I am here!