The Mission Share Discussion Threads

[simontemplar] 01/12/2007 10:14

Now I don't normally give tips but 'Amazon' have a great new product. dyor

[giant steps] 30/11/2007 16:41

Recall, 1st December 2007 Pamodzi assume operational control of PSGM

Pamodzi Gold : Closing price Fri 30 Nov ZAR 15.25

[giant steps] 30/11/2007 16:38

st, i guess first tranche at 10p raising £5m

[simontemplar] 30/11/2007 15:32

I wonder whether MC/Casten will stick with the previously agreed deal of 20p per share for new shares in Thistle to clear the debt now that they have the Masbate shares or will they now go after the Pamodzi shares by debt default too?!

[giant steps] 30/11/2007 14:05

Extract from Q3 Results:

'
The annual and special meeting of the shareholders to be held on December 13,
2007 (the 'Meeting'), will, amongst other matters, consider the proposed sale of
PSGM. The Sale Transaction will require approval by two thirds of the votes cast
by Thistle shareholders at the Meeting. Pamodzi has received assurances from MC
Resources Limited and Casten Holdings Limited, each owning 35% of the
outstanding shares of Thistle, of their intention to vote for the Sale
Transaction. Pamodzi's shareholder meeting to approve the Sale Transaction is
expected to be held on or about December 27, 2007 in Johannesburg, South Africa.
The Sale Transaction will require approval by a majority of the votes cast by
Pamodzi shareholders at the meeting. Thistle has received assurances from
Pamodzi Resources, through two of its subsidiaries (which collectively own 37.9%
of the outstanding Pamodzi Shares), of its intention to vote for the Sale
Transaction. Assuming the shareholders of Pamodzi and Thistle approve the Sale
Transaction and all other conditions to the completion are satisfied or waived,
Thistle expects that the earliest the Sale Transaction will be completed is
December 27, 2007 ('Completion Date').
'

[giant steps] 30/11/2007 12:46

Pamodzi Gold : Closing price Thu 29 Nov ZAR 14.99

[bbbb] 29/11/2007 19:32

not if you look at the chart.

[tim00] 29/11/2007 17:25

Q3 results out, but they hardly seem to matter anymore, and I no longer study TMG in detail. Market response to SER news surprisingly subdued!

[giant steps] 29/11/2007 09:16

Pamodzi Gold : Closing price Wed 28 Nov ZAR 14.80

Scope for deal price to be amended

[tim00] 29/11/2007 07:58

I tipped SER a few weeks ago. If you want some fun, watch its share price today! It's all aboard the SER express! (imho etc)

[dogberry202000] 27/11/2007 19:51

It's so ful of jargon I cannot make out what he means.

[giant steps] 27/11/2007 18:21

"
it's never pleasant watching gullible shareholders being take to the cleaners,
particularly when accomplanied by the fanfare of bullish twaddle seen here on
this thread, confusing general gold market conditions with this company being
given the full treatment.
"

I wonder if the use of plain english may have saved a few souls.

[bbbb] 27/11/2007 18:08

'once the deal was done but it should have been done ages ago and not at the last moment when you've got your creditors banging on the door for payment!'

but as controlling shareholders, mc/casten call the shots and must have been
complicit if not instrumental in the delay thereby ensuring their own take from
the deal and thistle would be maximised at the expense of outside minorities.

presumably if enough disaffected shareholders could afford the international
lawyers needed to act, they could still press the regulatory authorities to act.

it's never pleasant watching gullible shareholders being take to the cleaners,
particularly when accomplanied by the fanfare of bullish twaddle seen here on
this thread, confusing general gold market conditions with this company being
given the full treatment.

[giant steps] 27/11/2007 14:22

Yes st, i agree.

[simontemplar] 27/11/2007 14:21

They could've done better had they acted a lot sooner. Masbate was always undervalued and not reflected within the Thistle share price. The value was unlocked, and is still unlocking, once the deal was done but it should have been done ages ago and not at the last moment when you've got your creditors banging on the door for payment!

[giant steps] 27/11/2007 14:11

ST, i thought the CGA sale showed a TMG return over 75% in less than 9 months.

Yes, hindsight 'tis a wonderful thing.

[simontemplar] 27/11/2007 14:07

What uncertainty with CGA? CGA was due a run and the deal to secure Masbate lent itself to the upward momentum. Thistle couldn't take advantage of the value of Masbate itself because of the MC/Casten debt but it could have sold it a long time ago to ensure that it benefitted from its value in good time. Unfortunately, as has been the case with all of Thistle management, the timings have been horrendous. Why sell Masbate at the very last moment when you are aware that a clause from the prior year states that MC/Casten are able to have the Masbate shares forfeited to them in the case that Thistle are unable to repay the debt? Crazy. I think a few on here trashed the notion that that is what MC/Casten might do but isn't hindsight a wonderful thing!

[giant steps] 27/11/2007 12:24

Katsy, the CGA share price performed so well because of the deal; uncertainty removed

[katsy] 27/11/2007 12:16

Maks we cry now that I see the CGA share price Imagine we could've paid off the mc/c in full with those shares by now.

[bbbb] 21/11/2007 12:27

but not as good as mc/c.

think second.

[giant steps] 21/11/2007 12:16

Katsy, what's done cannot be changed; best to look forward.

( Thistle shareholders still managed a good return on the CGA investment )

[katsy] 21/11/2007 12:04

Looks like we release the CGA too early. I bet these would've payed off the debt by them selves soon.

[giant steps] 19/11/2007 12:39

Circular to shareholders for Meeting 13th December 2007 (91 pages)