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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Woodburne Sq | LSE:WSAG | London | Ordinary Share | GB00B01B0B28 | ORD 0.4P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.75 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 3.75 | GBX |
Woodburne Sq (WSAG) Share Charts1 Year Woodburne Sq Chart |
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1 Month Woodburne Sq Chart |
Intraday Woodburne Sq Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 21/3/2012 | 09:04 | WOODBURNE SQUARE AG PLC - SILVER MINING INVESTMENT VEHICLE | 1,206 |
| 04/11/2011 | 22:16 | After WOODBURNE & WINNIFRITH | 5 |
| 17/6/2011 | 22:42 | Woodburne Square AG -TW's shiny silver vehicle | 71 |
| 11/5/2011 | 12:33 | Woodburne Square - 2011 | 165 |
| 31/3/2011 | 19:19 | WOODBOURNE SQUARE AG SILVER MINER INVESTMENT VEHICLE | 18 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 20/3/2012 21:10 by rodez Thanks StephanieOut of interest I recently sent these extracts to a friend. Jo Jo- 9 Mar'12 - 11:51 - 940 of 985 If the boys are in Madagascar, I can only assume they are negotiating an increase in our stake, which hopefully will be done soon, pre-production. Based on earlier valuations in this thread by engelo and others our existing investment is 'really' worth perhaps £8m (over 3x current market cap on its own!). So we need to exercise the option to take this stake up to 45% or more on the same terms, liquidating old Silver holdings and/or Brady, if necessary to do so. It's already been encouraged on this thread, and it looks like it may be happening. Great news - increasing this holding to one which has a fair value of £25m+ (AND from existing funds, so no cash raising required). A clever bit of business on the part of Sahney/Marvin. Well done boys. 10p looking very likely now, over the coming week or so. xcap - 10 Mar'12 - 13:52 - 985 of 985 Engelo yes have done so. I initially started my reading (twice!) from 12 Jan (the RNS release of strategic review), but last night went back to 1 Jan. I hadn't realised that ConsMin only entered the register on 5 Jan, there I was assuming they were there from the TW days. The level of research you guys have done is unbelievable. I have no views presently regarding the RTO idea. I need to understand it a bit more before forming a view. I appreciate that is what Nat Rothschild has done with GENL and BUMI, and look at their mcaps! The ConsMin connection: 1.Clearly a strategic holding 2. With a 21% holding a seat on the Board has to follow, this would then provide formal strategic direction and operational execution not to mention the vast resources WSAG would have access to (human and otherwise), and this is what the market will like it would be the formal stamp of approval and will add a serious amount of value to our mcap 3. Remember also that with AUM's 4.82% (if they are aligned with ConsMin) they would have over 25% voting power which means much greater rights in calling for special resolutions (which I suppose does/could add to the RTO idea) 4. I think ConsMin must have been in the background supporting GS for sometime before the shake up. You don't just get the 5 Jan RNS and a week later issue another announcing a stake in a graphite operation in MAD without the confidence and support of a stakeholder such as ConsMin, infact I think they would have unofficially "rubber stamped" it. GS is no doubt very bright and has taken a crash course on commodities, but you cannot make material operational investment decisions of this nature without a whole team involved assessing a. quality of asset and its operations b. the management c. assessment of off take agreements - no point in producing 12k tons if they have not secured a market d. geological reserves and resource, grade, cut off and all the other technical and engineering aspects of the mining operation and investment..... (would GS honestly know or have the skills and expertise to sign off the resource as being verifiable on behalf of the WSAG Board and its shareholders - i think not, i think there would have been a team of helpers on hand from ConsMIn) d. obviously the list is not exhaustive edit: apologies, engelo your post 981 address' this point But, having written the above, I am asking myself, if ConsMin have done all this to support WSAG where's the benefit to them, why not just deal directly with Graphmada. I've stopped dead in my tracks because it lends much more credence to the RTO idea or their ultimate goal of creating a company with subsidaries operating in critical and strategic metals to list them separately with controlling interests. ....... JoJo_- 11 Mar'12 - 02:06 - 986 of 986 I'm still totally convinced ConsMin (poss. c/w Global Gold) have big plans for StratMin. However even ignoring this, a 45% stake in Grafmada would produce around £10m in turnover for us. Not sure what margins will be like, but assuming they will be at least 30%, we should get £3m pa in profit on the holding. At 6x, the Grafmada investment alone should add nearly £18m to WSAG's (StratMin's) market value. Production due to start Q2 2012 (ie very soon). Let's hope they can build the stake up to 45% or higher, and that is the reason for the directors visit to Madagascar, and possibly South Aftica where Bogolyubov has a few operations. We have a ready-made buyer for the graphite in the form of Abramovich's EVRAZ (where Bogolyubov sits on the board). Apparently Bogolyubov, who is based in London, also intends listing his Privatbank on the LSE this year. Oil producer Ukrnafta, in which Bogolyubov holds a 10% stake, is also preparing to IPO. Personally I think he'll be quite keen to ex-patriate some of the proceeds. Clearly funding will never be a problem for any venture he chooses to get involved in. -------------------- Jo Jo 17 Mar'12 - 11:45 - 1170 of 1171 Although the subject wasn't broached precisely, I presume there was very good reason for the Madagascar visit (ie. more than just GS meeting the management down there). I bet documents were signed while they were there. They would want to tie down a decent size stake, say 30% - 45%, before the price and interest in graphite takes off. Judging from the original statement this was loosely agreed at the start. Graphmada may need some more cash soon for transportation etc, so hopefully the mechanism for increasing this stake, etc, has now been agreed in writing. As already noted, a lot of this could be funded from the sale of the BRDY/Silver stakes. Graphmada are contemplating a listing down the line, and could use the expertise we can provide. It could be valued at over £60m by that time, providing an attractive part-exit strategy for us and the current owners. -------------------- GRAPHENE. EXTRACTS . Traditional demand for graphite in the steel and automotive industries is growing 5% annually, and graphite prices have tripled. New applications such as heat sinks in computers, lithium-ion batteries, fuel cells, and nuclear and solar power are all big users of graphite. These consumers are beginning to place substantial demands on existing production-and over 70% of that production is from China, which is no longer selling this resource cheaply to the rest of the world as the country's easy-to-mine, near-surface deposits are becoming exhausted. Graphite's criticality and potential scarcity has been recognized by both the United States and the European Union, which have each declared graphite a supply-critical mineral. Recently, the British Geological Survey ranked graphite right behind the rare earths and substantially ahead of lithium in terms of supply criticality. Clearly, there is much more to graphite than pencils. ......Only flake and synthetic graphite, which is made from petroleum coke through a very expensive process, can be used in lithium-ion batteries, the current demand driver for this crucial substance. 321energy.com owner Bob Moriarty recently commented, "If you believe in lithium-ion batteries, you would do far better by investing in a good graphite company than a good lithium company. . .With demand for graphite growing at 50% per year and prices reaching $2,500-3,000 a ton, the future for graphite companies with actual projects is excellent." ... Countries known to have reserves of highly valuable flake or crystalline graphite include Austria, Norway, Germany, Italy, MADAGASCAR, Sri Lanka, Russia and Canada. "Graphite and Rare Earth Metals for the 21st Century: Jack Lifton TICKERS: FMS, NGC; NGPHF, SER Source: The Critical Metals Report Editors (2/7/12) Complete text posted by xcap WSAG thread 11 Mar'12 - 09:44 - 992 of 995 |
Posted at 14/3/2012 20:26 by marab xcap - 'where are they getting the stock'. I've been wondering the same thing and there are only 3 possibilities imo. Someone has in a large sell order, those that bought under 3p are taking a good profit and have no long term interest in the company, the MMs will try and frighten people out of their stock tomorrow by dropping the bid.I don't know who is left that might be selling a lot of shares if MK is keeping his. I would never blame anyone for taking a profit, and anyone familiar with the history of WSAG/DXR might well lack confidence despite the change of directors and controlling interest. MMs are well known for dragging down prices after a spike, and while they may get a few that way tomorrow I think a lot of us are holding for a better share price than today's. The rest of the week should be interesting, but if the share price is going up because of news leaking it will be something to watch out for in the future. It could just be the case that a few people buying has pushed the price up due to shortage of free stock. |
Posted at 10/3/2012 13:52 by xcap Engelo yes have done so. I initially started my reading (twice!) from 12 Jan (the RNS release of strategic review), but last night went back to 1 Jan. I hadn't realised that ConsMin only entered the register on 5 Jan, there I was assuming they were there from the TW days. The level of research you guys have done is unbelievable. I have no views presently regarding the RTO idea. I need to understand it a bit more before forming a view. I appreciate that is what Nat Rothschild has done with GENL and BUMI, and look at their mcaps! The ConsMin connection: 1. Clearly a strategic holding 2. With a 21% holding a seat on the Board has to follow, this would then provide formal strategic direction and operational execution not to mention the vast resources WSAG would have access to (human and otherwise), and this is what the market will like it would be the formal stamp of approval and will add a serious amount of value to our mcap 3. Remember also that with AUM's 4.82% (if they are aligned with ConsMin) they would have over 25% voting power which means much greater rights in calling for special resolutions (which I suppose does/could add to the RTO idea) 4. I think ConsMin must have been in the background supporting GS for sometime before the shake up. You don't just get the 5 Jan RNS and a week later issue another announcing a stake in a graphite operation in MAD without the confidence and support of a stakeholder such as ConsMin, infact I think they would have unofficially "rubber stamped" it. GS is no doubt very bright and has taken a crash course on commodities, but you cannot make material operational investment decisions of this nature without a whole team involved assessing a. quality of asset and its operations b. the management c. assessment of off take agreements - no point in producing 12k tons if they have not secured a market d. geological reserves and resource, grade, cut off and all the other technical and engineering aspects of the mining operation and investment..... (would GS honestly know or have the skills and expertise to sign off the resource as being verifiable on behalf of the WSAG Board and its shareholders - i think not, i think there would have been a team of helpers on hand from ConsMIn) d. obviously the list is not exhaustive edit: apologies, engelo your post 981 address' this point But, having written the above, I am asking myself, if ConsMin have done all this to support WSAG where's the benefit to them, why not just deal directly with Graphmada. I've stopped dead in my tracks because it lends much more credence to the RTO idea or their ultimate goal of creating a company with subsidaries operating in critical and strategic metals to list them separately with controlling interests. I think I have lost my train of thought now and am rambling on a bit... forgive me if the above no sense at all. All I know, and I am merely reflecting what has been said already: this is a hell of a fascinating story that is unfolding. And one thing I am confident about is that we have a very able CEO and there is clearly something (good) going on in the background viz vie ConsMin. I copy Engelo post 790 - All directors are shareholders and share the same interests in the share price going forward, and - By the end of the year GS expected shareholders would be extremely pleased with the developments currently envisaged All imho |
Posted at 02/3/2012 09:25 by marab engelo - excellent write up and very much appreciate the work that went into it. I'm glad that you seem to share my opinion of GS, and the next few weeks will give us an idea of how sincere he was (ie. new website).The Consmin connection looks good to me for future funding of projects, and I can now see why they have not been picking up all the loose shares in the market as I would have expected of a 20% share holder looking to reverse into WSAG. 'An advantage of subsidiaries was that dilution could be absorbed at this level', my guess would be that WSAG will help the likes of Grafmada to raise cash where required. The beauty of that system would be that there will be no need for WSAG to put in any more cash unless they feel inclined to do so, and I would expect funding to be at a level that would enhance WSAG's share holding where possible. Obviously as the companies being targeted are likely to be close to production or about to ramp up production any investment cash at that point should add value to the WSAG holding. I am very encouraged by the general picture and while I have sympathy for you missing out on tea and biscuits it's nice to see the cash isn't being wasted. Thanks again for taking the time and trouble both to go to the meeting and sharing your experience with us. |
Posted at 11/2/2012 12:24 by marab engelo - VIR just an example of what an uncontrolled share issuance can do to current share holders and I wasn't saying that would happen here just saying the possibility exists. The main thing is the result of raising any cash, so if they issued shares even at 0.4p and created a NAV of over 3p then everyone would still be happy. Say we have 60m shares in issue at the moment with a NAV of 2.7p and another 40m are issued at 0.4p, that would give a NAV of 1.78p. Issue 40m at 2p and the NAV is 2.42p. Issue 40m at 3p and the NAV is 2.82p. I would still be happy with the worst case scenario as long as the company invested in something as promising as the graphite venture. I do not like paying CGT and am trying to invest in companies that could give me decent long term financial gain and that is why I am invested here. I don't really care where the share price or NAV is at the moment as long as we look like we may have some growth potential. I don't see any harm in looking at the worst case scenario and basing my investing decisions on that with due regard to the future prospects. There was a good chance the share price would drop from where I bought in, but I was happy to do so and may well add when we get some news. Current share price does seem to be a good entry point for new investors, or those like yourself who hadn't already fully loaded up. |
Posted at 03/2/2012 16:29 by marab DJ Woodburne Square AG PLC Issue of EquityTIDMWSAG RNS Number : 8077W Woodburne Square AG PLC 03 February 2012 03 February 2012 Woodburne Square AG plc (AIM: WSAG) Issue of equity Further to the announcement on 14 October 2011, the Board of Woodburne Square AG plc ('Woodburne' or the 'Company') is pleased to announce it has issued 4,615,384 new ordinary shares "New Shares" of 0.4p each in the share capital of the Company by way of subscription by new investors, at a price of 3.25 pence per share (the 'Subscription Price'). Application has been made for the new shares to be admitted to AIM. Admission is expected to occur on 9 February 2012. On admission, the New Shares will rank, pari passu, with the existing Ordinary Shares in the Company. Following admission, the Company's enlarged issued share capital will comprise 63,872,045 Ordinary Shares with one voting right per share. This figure of 63,872,045 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules. Enquiries: Woodburne Square AG plc Gobind Sahney |
Posted at 31/1/2012 12:25 by marab I can see the share price going up after a period of doing nothing. Trouble is we don't know what will be done with the company but if you have a look at the last 2 RNSs you can see 2 possibilities. The new share holder could have plans to reverse some assets into WSAG, and that may or may not be related to the investment announced on the 12th January. The NAV should be about 2.7p here which underpins the current share price and the large holder bought in at 3p according to TW. The hope is that a reversal into WSAG will have a very positive impact on the NAV and thus the share price. With no news some people are selling and moving on but buying shares now would be buying at a discount to NAV. This is a buy and hold stock but news could come tomorrow, next week or next year. Have a look through the last few pages of posts ad see what you think. |
Posted at 14/1/2012 17:18 by marab In June the NAV was about 2.8p, then we had an RNS in October that said,-'Faced with these continuing difficulties, and mindful of the need to retain shareholder value in the Company's existing portfolio, the Board has undertaken a strategic review of the sustainability of Woodburne's current investment model. This review has concluded that to provide a long-term, sustainable platform to drive shareholder value, the Company should build its cash resources, via the phased sell-down of its existing portfolio, and thereafter to seek one or more large-scale natural resource investment or acquisition opportunities. As part of this revised business model, and to initiate the establishment of the Company's cash resources, Woodburne is pleased to announce that it has raised £150,000 before expenses, by way of subscription by new investors, for 4,615,384 new ordinary shares of 0.4p each in the share capital of the Company (the 'Subscription Shares') at a price of 3.25 pence per share (the 'Subscription Price'). The Subscription Price represents a premium of 4% to the closing share price of the Company on 13 October 2011.' Since we don't know what was sold or at what price we have no clue what the current NAV is. The £150,000 raised at 3.25p will have helped support the NAV though. Regarding the loan note - 'On this basis the Company will therefore issue loan notes with a 0% coupon which convert at 5.75p into 1,003,148 new shares to TIM in respect of its quarterly management fee.' There appears to be no time limit on the loan note but I wonder if TW would be willing to sell that on at a reduced amount or whether he will hold on to it. We are only talking about £60,000 value so probably doesn't make much difference anyway. It would appear that there is about 64m shares in issue at the moment which is nothing really for an AIM stock, and we know that at least 22% is held by what we expect to be a firm holder, so probably not a lot of free stock. The share price seems to be pretty well supported at about 3p which is comforting. So an NAV of somewhere between 2.5 - 3p perhaps, 64m shares in issue, a 22% share holder, some intereesting investments and perhaps the chance of an RTO somewhere in the future. Doesn't look bad value for 3p a share. Be interesting to see if the possible market slump on Monday affects the share price here, although somehow I doubt it. I suspect a few of us here would take advantage of any share price weakness. I suppose we should thank the Lander brothers and TW for whacking down the overheads here, which means most of any cash raised goes into investments and not directors pay packets. |
Posted at 09/1/2012 11:32 by marab The bargain size at the moment is 25,000 but I can sell 250,000 at 2.55p with no trouble, and its 3.15p to buy the same amount. Historically with this stock people buy in, get bored on no news and sell, share price halves, RNS comes out, share price doubles, everyone rushes back in, share price doubles. |
Posted at 06/1/2012 16:34 by jojo_jo Why I've bought into WSAG... This impo is in the early stages of a reverse take-over by Ukrainian Billionaire Gennadiy Bogolyubov's Palmary Enterprises / Consolidated Minerals. I understand Palmary is Belize based, with at least one London based Director (Vyacheslav Anishchenko, 36, has served as a director of the Company since March 2009 is currently employed as Head of Restructuring and Asset Administration with Metals Solutions in London) and several Jersey based ones this is a pretty obvious geographical decision for the company. Also there is no main stockmarket listing since Palmary took ConsMin private a couple of years ago, off the Australian stock exchange. ConsMin has also suffered badly from a poor exchange rate in Australia on the sale of its Manganese, despite increasing production. I know they are unhappy about this. I'm not sure exactly how a London listing helps, but I guess they can use the US$/GB£ exchange rate if domiciled in London. Gennadiy Bogolyubov's Palmary Enterprises took over Consolidated Minerals (took it private) in 2008 in a large, A$1.3bn deal to secure its Woodie Woodie manganese operation in Western Australia's Pilbara region. Bogolyubov hand-picked Baldwin in January to oversee his manganese operations in the Pilbara and the west African nation of Ghana. Baldwin describes his new boss as an "inspiring and very successful businessman". A sign that the Ukrainian billionaire has big plans for his new chief executive is his request for Baldwin to relocate his family to Britain, the third country the family has lived in, to be closer to the head office of Palmary Enterprises. Since taking over the reins at ConsMin, Baldwin has convinced his boss to spend big on exploration, as he is keen to expand the operation. The Pilbara mine was given a $40m budget this year and apart from exploring, it is also ramping up production, with the aim of producing 1.2 million tonnes of ore each year. "I have seen a lot of gold companies in my time and there are not too many gold companies that would spend $40m a year on exploration, on one project," Baldwin says. The company is not, I believe connected to American Consolidated Minerals (AJC) which is a relatively small concern (albeit in Gold mining) which could be bought with ConsMin's petty cash. From the mouth of Mr Bogolyubov himself, in the middle of last year... Consolidated Minerals Ltd., owned by Ukrainian billionaire Gennadiy Bogolyubov, is benefiting from "strong" Chinese demand for manganese, used to harden steel. "I'm a big believer in the steel industry," Bogolyubov said today in an interview in Sydney after visiting the company's mining operations in Western Australia. "As long as they produce steel, there will be demand for manganese, and we feel strong demand. We have issues with the price sometimes, but not with demand. We can sell everything that we have." Bogolyubov, who already owns iron, coal, oil, gas and steel businesses, took control of Consolidated in January 2008 with a A$1.3 billion ($1.3 billion) acquisition. The company is targeting manganese output of 1.5 million metric tons this year at its Woodie Woodie mine in Australia, the billionaire said. Bogolyubov said he doesn't "see this as the right time" for an initial public offering of Consolidated shares in Australia or the U.K. The company was studying a potential listing in London or Sydney, Glenn Baldwin, chief executive officer of the St. Helier, Jersey-based company, said in June. Clearly from this, they were considering a London listing, and now have the chance to do it on the cheap and get away from some of their 'inherited' Aussie investors. Obviously a company of this size will ultimately move quickly to the main FTSE market, following an AIM listing, and the share price rise could accordingly be meteoric. Just a coincidental aside... their main mine is even called 'Woodie Woodie', which has long been a nickname for Woodburne! How strange is that! They could just change the name slightly to 'Woodie'. Anyway, that is the reasoning behind my building a decent size stake here. It is not intended to influence anyone's investing decision, but it is the crux of my reason for investing. You may think it's utter bollxxxx, and it may ultimately prove to be. I do not subscribe to the ZOL/VIR/WSAG conspiracy theory (although I am big fan and holder of both those other stocks), and although I'm sure Zoltav and Viridas will get into bed with various other companies and ventures, I think this is a stand-alone situation revolving very simply around the RTO of ConsMin/Palmary into WSAG in order to get a cheap and cost-effective first London Listing. There is of course the aforementioned safety net of a NAV of around 2.7p/share, based on a precious metal, per the November RNS. So it is not too high a risk at the current price, and has the potential to quicky jump if my assessment is correct. Some of you may have been thinking along the same lines, in which case most of this will not be new to you. All IMPO so please DYOR! Please don't follow me blindly into the abyss! Nothing is certain in this game. |
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