Share Name Share Symbol Market Type Share ISIN Share Description
Chromex LSE:CHX London Ordinary Share GB00B16QP362 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 36.50p 0.00p 0.00p - - - 0 06:39:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 2.0 -0.2 0.2 158.7 32.54

Chromex Share Discussion Threads

Showing 526 to 545 of 550 messages
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Off topic Shareinfo not loading Problem reported - hopefully back soon SJ
sailing john
sailing john ferrex listed today
Thanks PL They appear to be a private comapny at the moment?
sailing john
good luck to all... merry xmas
Selftrade have now credited my account. GL with your future investments I have a note to look at Ruukki in 2 years time when they are about to commission smelters/power plant. Still think they have got a bargain - I guess it will all depend on FeCr prices over the next 10-20 years. SJ
sailing john
Selftrade posted notification this afternoon that funds will be "credited shortly" whatever that means? This week hopefully SJ
sailing john
Does anyone know when we get paid?
p bear
Ruukki Group Plc is pleased to announce that all the resolutions proposed at today's Extraordinary General Meeting were passed. The arrangements between the Company, Kermas Limited and Synergy Africa Limited relating to the formation and financing of the acquisition vehicle Synergy Africa Limited and the acquisition and subsequent holding of shares in Chromex Mining plc as detailed in the circular dated 22 October 2010 (the "Circular"), the Joint Venture Agreement, the Shareholder Loan Facilities and the Kermas RHL Loan Facility (as defined in the Circular) were all approved. The Board of Directors was also authorised to take all the necessary steps to implement the transactions. The Offer and the Warrant Offer (as defined in the Offer Document), remain subject to the terms and the conditions set out or referred to in the offer document (the "Offer Document") posted to shareholders of Chromex Mining plc on 18 October 2010. As set out in Ruukki's announcement on 9 November 2010, the Offer and the Warrant Offer will remain open for acceptance until 1.00 p.m. on 29 November 2010 (the "Second Closing Date").
sailing john
I have accepted the offer today - so it is for me Deadline for my two nominee accounts is today/tomorrow Left until the last day but no sign of a counter bid so have accepted the 36.5p If you intend to accept I suggest you check the deadlines for your nominee account as most appear to be 1st/2nd November. If you don't intend to accept I suggest you read the offer document carefully so that you understand the implications. As always DYOR SJ
sailing john
still holding.. no volume.. 35.7p bid for size today.. is it over yet? ;)
Looks like Xtrata are another major investing in SA FeCr. Does suggest that demand is expected to increase significantly. I see from the press release below that they are investing $100m in their chromite mines. And how much are Ruukki paying for Chromex's 1mT/annum RoM assets ........... circa $55m Hmmm....... Johannesburg, 20 October 2010 Xstrata plc ("Xstrata") has approved the development of the second phase of its Lion ferrochrome complex expansion in South Africa. The expansion will involve the construction and commissioning of a 360,000 tonne per annum capacity smelter and will increase the Xstrata-Merafe chrome venture's ("the Venture") total ferrochrome capacity to over 2.3 million tonnes per annum. The project has met all of Xstrata's key value and risk metrics for some three years since it was first considered. However, the absence of security of supply of electricity resulted in the project's approval being held in abeyance until a firm allocation of capacity was received by Eskom for the second phase of the Lion complex. In addition, emerging plans within Xstrata Alloys for an "own generation" capability further reduces Xstrata's concerns on the availability of electricity by the time this plant is commissioned. The development will entail a total capital investment of R4.9 billion (US$710 million) and includes R700 million (US$100 million) for the concurrent development of the 1.2 million ROM tonne per annum Magareng mine within the Thorncliffe mine complex. Construction is scheduled to begin in the first quarter of 2011, with commissioning planned for the first half of 2013. The expansion will create over 1,000 permanent jobs and a further 1,800 jobs will be generated during the construction phase. Around 80% of the total expenditure on project goods and services will be sourced locally.
sailing john
Offer document posted today Deadline for acceptances 1pm - 8 Nov but likely to be earlier in nominee accounts Very short period - I wonder why! Time to make a move Mr Nerurkar or anyone else who wants a bargain. I've not given up on you yet! Bet there will be some chatter at the World Chromium Forum in China on Thursday/Friday this week. SJ
sailing john
Interesting and current presentation from Merafe Oct 10 available via this link Interesting slides Slide36 - Barriers to entry including "Shortage of available quality ore reserves" Slide 43 - Indian companies moving out of India eg Tata to South Africa Slide 44 - Global ore demand vs supply shortfall from 2012
sailing john
36.5p is not enough for me SJ
sailing john
well, i'm still here. even without a counter offer the 1.25p between current bid and the ruukki offer is worth the wait..
Press reports that ore supplies currently tight. - But you can buy 40mT for a miserly £1/tonne! Come on Mr Nerurkar - don't you read this thread?!
sailing john
From trade press: Ruukki announced a cash takeover offer for Chromex (Ryan' s Notes, Sept. 20, p2) by a newly formed subsidiary, Synergy Africa, a company 51% and 49% owned by Kermas Ltd. The offer values Chromex at approximately £37-million and represents a premium of 82.5% to the closing price of 20 pence per Chromex share on July 14. Commenting on the offer, Alwyn Smit, CEO of Ruukki, said: "The acquisition of Chromex is a logical transaction as it achieves all three of our strategic objectives; it completes the vertical integration of our South African business, it increases our production capacity and it expands our market share. By acquiring an accessible, sizeable resource base and a producing mine at Stellite, we are consolidating our pres- ence in one of the world's premier chromite mining regions, adding immediate value to our existing operations and lay- ing the foundations for future growth. Looking ahead to the medium term, Chromex provides a critical building block for our processing growth plans, particularly the construction of two 70-MW DC furnaces, which will have a planned com- bined annual capacity of up to 280,000 mt, and we will be examining the opportunity for building these DC furnaces at Stellite." Ruukki's major South African chrome asset, Mogale, lacks a secure source of feed and wanted to increase its use of UG2 to make up for a lack of lumpy material.
p bear
I'm guessing that Synergy are taking everything on offer at 35-35.5 as expected. Looks like they have taken 3-4% so far unless it is someone else. Anyway just wanted to say - you had better get a move on Mr Nerurkar! SJ
sailing john
Not much to get excited about
bo doodak
agree with your thoughts, great homework, thanks for sharing
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