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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Consol.Minerals | LSE:CNM | London | Ordinary Share | AU000000CSM6 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 206.00 | 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 | 206.00 | GBX |
Consolidated Minerals (CNM) Share Charts1 Year Consolidated Minerals Chart |
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1 Month Consolidated Minerals Chart |
Intraday Consolidated Minerals Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 19/2/2009 | 19:08 | Canadian Management: C$ Income from Trusts | 19 |
| 04/1/2008 | 00:51 | Cosolidated Minerals - Continued Growth | 1,502 |
| 10/12/2007 | 16:26 | Canadian Income Trusts : life after the tax change? | 12 |
| 27/8/2007 | 08:00 | http://www.usail2.com/consolidated_takeover.htm | 9 |
| 02/11/2005 | 08:22 | Consolidated minerals: a long term winner | - |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 04/12/2007 10:20 by lobb Leader, I am still here.It may be sentimentality on my part (if so, not good). I was "here" long before these shares were traded on AIM (bought from UK in Aus, less foresight than circumstances suggesting to me it was a good idea to do so). I hope to retain my current CNM(AIM)/CSM(ASX) shareholding after Palmary has bought what it is able. I accept it may not be my decision (depending upon how big a percentage Palmary buys). So be it. I am prepared to have a significant downturn in the price for some time after. I have sold more than 1/2 of my shares in the market very recently so I have benefited from the recent exuberant price. I have already received around 10 times what I purchased all my single holding for from my part sale, so I shall not be disgruntled if I lose on future dealings, or if I were to lose all my shareholding. No need to be greedy about such matters. I do not mind being a minnow in a company where only a small proportion of the shareholding is available to make a market.It has not been a problem for me for UK based companies historically, so I hope it will not be for this Aus based company, if that is the position in future. I do not suggest that other people adopt my approach. IN fact, I suggest they should not do so. Lobb |
Posted at 26/9/2007 16:51 by goingforgreen 214??? Where can you see this? I can only see sells today.Will price drift up slowly until Pallinghurst offer ends on 29/9? CNM letter to shareholders (dated 25/9) advises sit tight till end of October, but hard to see holders sitting still whilst current share price is higher than all the formal offers. |
Posted at 31/8/2007 16:56 by bigtbigt Phillis: regarding your comments"What does Big T stand for... or is that a silly question? Read the second paragraph of today's RNS" I'd tell you if I thought you really wanted to know! Perhaps we could all guess, ...and sugest completions for the phrase "Phill is ..." And FYI, I asked my question rushing between meetings, before I'd had a chance to read the RNS news that came out just an hour or so earlier. ...all good fun :-) Anyhow, my oversight and your less-than-generous response just serve to illustrate how quickly things are moving re CNM. In such a torrid environment with so much interest from bidders, it seems unlikely we've hit a ceiling in share price quite yet. So I'm staying heavily invested for now. The question I'm now starting to ponder is what happens after bidder X gets CNM. Are we likely to see a drop in share price whilst their plans are polished and communicated, or a further bounce (and in what time frame). Many unknowns make this a hard call right now, but I am surprised to see Palmary stating that the fair value of CNM (according to 'independent experts') is only AUD 2.32-2.77 |
Posted at 19/8/2007 12:17 by bigtbigt Please someone decode this announcement for me, remembering I am UK investor with CNM shares on the AIM..." Pallinghurst has decided to withdraw its standing on-market order on the ASX to acquire upto 11.35 million Consolidated Minerals shares at $3.30. The withdrawal will be effective after the close of trading on the ASX tomorrow. Consolidated Minerals shareholders that wish receive early payment for their shares (that is, within 3 business days), must seel into the on-market order by 4.10pm on Friday August 2007. The Pallinghurst off-market takeover offer for Consolidated Minerals (Pallinghurst cash offer) will remain open after this time, but is scheduled to close at 7.00pm (Melbourne time) on 1 September 2007 (unless extended). Shareholders that accept the Pallinghurst Cash Offer will receive payment within one month after the later of teh date taht they accept and the date that the Pallinghurst Cash Offer becomes unconditionnal or in any event no later than 21 days after the end of the offer period (assuming the offer becomes unconditional)." I note that in the 6 August Corporate Action letter I received, the deadline for registering my YES vote is 24 August. So please confirm or correct my interpretation that: Being a UK/AIM investor my only mechanism for getting their $3.30 per share was to register YES to Pallinghurst's bid for CNM. I never did have the option of selling shares on market for that price whilst not voting YES, since this option is restricted to Aussie market [though of course, selling them shares = sellinges votes]. So, despite their recent announcement, I still have the option of voting YES and will the get $3.30 per share assuming the overall Pallinghurst bid for CSM is eventually successful (assuming it is not withrawn ater 1st September). Also, any info I've missed regarding...? - when now will the Pallinghurst bid be voted on? - anything new from Kiernen? Thanks in anticipation of help!! |
Posted at 29/7/2007 19:55 by nickgrant2 Folks,the ASX website give a price of 3.96aud for CNM. At the current exchange rate of 2.34 that equates to about £1.70 share price. Does anyone know why the AIM share price is so far adrift of this? Nick |
Posted at 10/7/2007 11:09 by sandpipers Back from the sun! See below:CONSOLIDATED MINERALS TAKEOVER VOTE NO Dear Consolidated Minerals Shareholder, We write to you as fellow CSM shareholders, concerned that we are being encouraged to sell our shares via the Pallinghurst Scheme of Arrangement at below market price and well below what we feel is their true value. We are actively campaigning against this inadequate proposal which will benefit management and the board, to the detriment of the existing shareholders. As fellow shareholders, we ask for your support by voting NO to the proposal. WHY YOU SHOULD VOTE NO TO THE PALLINGHURST SCHEME OF ARRANGEMENT We strongly believe that the proposal consisting of $1.68cash/share plus 2 'new' shares for 5 existing shares is grossly inadequate and significantly undervalues the company. The price offered is NOT fair and is NOT reasonable. The offer is also confusing. Simply put, Pallinghurst Resources is offering to buy three of every five shares you own for just $2.80, well below their current market price. At the closing price of $3.12, shareholders will lose 0.32c/share on three of every five shares. NewConsMin would need to trade at $3.60 for us to break even. Brian Gilbertson meanwhile would have made $109 million. Manganese ore is currently fetching record prices (US$7.40/dmtu CIF China). This is not just a short term increase as management imply. At the recent Manganese Institute Conference in Vienna, they indicated rising long term consumption and prices for high grade manganese ore. Management is not working in our best interests. They have been seen by external parties to mislead investors on the implications of manganese pricing, as shown by this quote from a reputable commodity 'news and prices' journal: "In the midst of a takeover battle, CSM advised shareholders of higher manganese ore prices, but was very conservative on the financial implications of the higher prices." The bottom line is that manganese prices for the next quarter have increased by 140%. If CSM achieves those September quarter prices for the whole of FY08, the manganese division will add over $200m in revenue. Even after tax, the manganese revenue that is 'locked in' for the upcoming quarter alone will be similar to if not more than what CSM will earn during the whole 2006/07 financial year (projected A$33.8M). A 'yes' vote would see you forfeit 60% or more of that. CSM has a valuable asset in the largest independent high grade manganese ore deposit close to China. The reputable commodity 'news and prices' journal believes that "As the world's last and largest independent manganese miner with a high-grade deposit, CSM is considered a prize." Management wants you to give away 60% at a discounted price! CSM has the only chrome ore deposit in Australia. Chromite prices have increased, and the outlook for this commodity from Chinese stainless steel companies is bullish. Nickel output should increase substantially in the coming year with the commencement of the mine development drives in the Kambalda Dome and production recently commencing at Widgiemooltha. Management recently highlighted CSM's "significant nickel growth platform" with "significant upside potential" and is targeting 15,000 tonnes per annum output in the near future (RIU conference presentation, May 9, 2007). Further significant, high-grade nickel intersections obtained at the Gillet Prospect, part of CSM's Widgiemooltha nickel, confirming that Gillet is emerging as a significant new nickel discovery and highlighting the upside to CSM's nickel exploration portfolio. Nickel is now unhedged, maximising exposure to the current high spot prices. CSM owns $213 million (94 cents per CSM share) worth of shares in other ASX-listed companies (based on closing prices as of 9/7/07). These include JML, VML, BCI, MTH and RDR. Their market capitalisation has increased by more than the additional 0.30c/share offered by Pallinghurst Resources since the original announcement on the 23/02/07. An alternative, superior offer by Territory Resources (ASX: TTY) is likely, subject to completion of limited due diligence. This alternative proposal is for $2/share and one TTY share per CSM share (nominally worth $3.20 at closing on 9/7/07), or 3 TTY shares/CSM share (nominally worth $3.60 at closing on 9/7/07), superior to the Pallinghurst offer (nominally worth $2.92 at closing on 9/7/07). YOUR VOTE IS IMPORTANT IF YOU VOTE "YES" (which we DO NOT recommend), 1) We, the current shareholders would lose control of Consolidated Minerals forever (Pallinghurst will own 60%) AND lose money in the process. 2) We will receive considerably less money for our shares than they are currently worth. 3) We will forfeit 60% of the immediate and ongoing benefit of record manganese and chrome ore prices and future increased nickel output and revenue. 4) We immediately forfeit 56 cents/CSM share, being 60% of the 94 cents/share CSM currently owns in other companies. 5) Going forward you will be further diluted by the NewConsMin strategy which will require the issuing of further shares to fund other purchases. 6) There is no assurance that the existing 50% payout dividend policy will be maintained. YOUR VOTE IS IMPORTANT VOTE NO FOR THE FOLLOWING REASONS 1) Vote NO so we, the current shareholders will retain control of Consolidated Minerals. 2) Vote NO so we will receive all of the markedly increased profits currently coming CSM's way, where profit after tax in the coming quarter alone is set to comfortably surpass the entire 06/07 annual profit. 3) Vote NO, so we will retain 100% of the immediate and future benefit of record manganese and chrome ore prices and future increased nickel output and revenue. 4) Vote NO, so we retain 100% of the shares CSM currently owns in other companies. 5) Vote NO, so the possibility of a bidding war for CSM between Territory Resources, Pallinghurst and any other interested parties is retained. 6) Vote NO, so that 50% of profits to be paid as dividends will be maintained. 7) Vote NO, as the price offered is NOT fair and is NOT reasonable. CONSMIN MANAGEMENT HAVE WITHHELD MARKET SENSITIVE INFORMATION We believe that management have taken advantage of shareholders at a time when the share price was low. ConsMin management have been fumbling along, at best a lacklustre performance with little vision. They have now decided to engage Pallinghurst Resources to replace their own short-sightedness' and at our expense. Do not accept this! For more information, including our estimated financial projection for the upcoming quarter and year, please visit our dedicated website, www.usail2.com/conso Yours Sincerely Glenn Stedman & Dr Keith Barnard Consolidated Minerals Takeover Vote NO gsmarine@yahoo.com kbarnard@iinet.net.a |
Posted at 27/6/2007 20:33 by nickgrant2 CNM issued this response to the ASX on 17th Oct 2006 after its price had risen from 67p on 9/10 to 98 on 17/10. It shows that there could be plenty going on and they are just not saying too much.We refer to your facsimile of 17 October 2006 noting a change in price and volume traded of the Company's securities. In response to your queries, we advise as follows: 1. Is the Company aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company? Consolidated Minerals notes recent press speculation about potential transactions involving the Company. The Company has a policy of not responding to market speculation and rumour. Like many companies in the resources sector, Consolidated Minerals has received approaches from time to time relating to possible transactions. We have received an approach from a third party to enter into discussions on a confidential basis regarding a possible transaction, however no discussions of substance have taken place. As such, the approach is preliminary, incomplete, conditional and confidential. 2. If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made? An announcement will be made, in accordance with the listing rules, if and when a transaction is sufficiently definite to warrant disclosure. 3. Is there any other explanation that the Company may have for the price change and increase in volume in the securities of the Company? The Company has recently conducted presentations to investors and analysts (copies of which have been released to ASX) outlining its growth strategy and indicating its status as a nickel producer, in addition to its existing manganese and chromite businesses. The share price change and increase in volume may be attributable to the recent strong growth in nickel prices (24% over the last month), combined with a possible re-rating of the Company to reflect its nickel production. We note that a number of other nickel producing companies have experienced similar recent share price movements. |
Posted at 30/5/2007 18:28 by leadersoffice This is a copy of an email i have just sent to Rbaxter @ Consolidated Minerals. Some time ago I wrote to you to express my total amazement that you had recommended a proposal from Pallinghurst Resources. It comes as no surprise that I received no reply from you or indeed any of your team at Consolidated Minerals. I don't believe you have the best interests of your share holders and your predecessor would almost have certainly sent me a reply. So I write to you once again on a day when we have had an announcement that Investec and associates are to pursue investment opportunities within the natural resources sector which I gather will help to aid the above mentioned company gain a more welcoming agreement with all stock holders of Consolidated Minerals. I only hope that it is a realistic offer price next time not selling the company off on the cheap and securing you and your colleague's places on a new board of directors of the proposed new company. What I would like to know and I'm sure many of our stock holders incase you have forgotten about them, that the current share price is well in excess of the offer. Under the circumstances and given the responsibilities of CNM directors why you are not issuing the impact of metal prices on current earnings and profits and also future prospects? Don't you think this is valuable information that you have a responsibility to inform the market and your shareholders? especially given the proposed offer by the above named company. I would like the company to make public this information but failure to act will lead me to make a complaint to the ASX. I trust that a statement will be forthcoming and perhaps a reply also to my written communication to you. Yours faithfully N.A.S CNM Shareholder |
Posted at 28/3/2007 20:11 by sandpipers Leadersoffice,My reply came from the following source davidbr@telstra.ap.b Further information: Consolidated Minerals: JP Morgan sees no reason to tender shares at current offer price, executive says JP Morgan sees no reason to tender its shares to the bid for Consolidated Minerals at its current price, according to Ian Henderson, a portfolio manager at JP Morgan. Brian Gilbertson's Pallinghurst Resources private equity fund and AMCI have launched an offer for Consolidated Minerals, offering shareholders AUD 1.38 per share as well as two shares in the new company for every five held. Although changes in the ConsMins share price will translate into the value of the scrip portion of the offer, the bid has been criticised by some investors who claim that the cash component of the bid should be increased to as much as AUD 2 per share. JP Morgan, a minority shareholder in Consolidated Minerals, has now joined the ranks of investors who believe the offer price should be higher. "Where we stand is that we have not voted one way or the other. We note that the board has recommended the offer and that the market is seemingly disappointed that there is no premium," Henderson said. "It is going quite cheap and the deal does seemingly look a bit opportunistic in light of low manganese prices, but that said maybe Brian Gilbertson and his colleagues can make a great success of it. "The stock is trading at a negative spread and we are not complete fools. We are not going to ignore the fact that in the open market you could get more for your shares there would have to be a very special reason to do that and there doesn't seem to be here," he said. "Brian Gilbertson clearly has great ability and he is very proactive. He has made a habit of taking over large operations and has managed the people working for him effectively and seen the wood for the trees quickly. But, the assets ConsMin has are fine and we like them and are not dying to part with our stake. "The only way one would tender their shares at below the current trading price is if you honestly believed that there was a real possibility that in the absence of a bid the share-price would collapse and that is absolutely not the case at all. The price is low due to the fall in manganese prices, but the industry seems to be picking up. There are three operating assets generating good cash flow. ConsMin is far from a basket-case," Henderson said. Henderson indicated that JP Morgan could consider tendering its shares if the bid were increased. Asked whether he thought Brian Gilbertson would improve the offer, Henderson said "It is a possibility, but there has been no effort to woo us." He added that it is surprising there had been no attempt from Gilbertson to convince the fund to tender its shares. |
Posted at 27/2/2007 11:00 by gb904150 People may not be happy with the offer being the same as the market price. They seem to have forgotten that the share price was down below 70p and that the share value has increased to the offer price. Surely a company's share price values not only current net worth, but future potential. The offer price at 90p values the business at where we were 6 months ago. Stronger manganese/chromite/n The offer price doesn't put any value on the increased output of CNM and is therefore....as one poster said quite succinctly....shyte. It clearly won't be more as there is no one else interested. As a shareholder, I for one am certainly not interested. If there's enough like me, the offer will have to be more. The market is not impressed by such a pathetic offer. |
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