Share Name Share Symbol Market Type Share ISIN Share Description
International Molybdenum LSE:IMY London Ordinary Share GB00B0CVPQ18 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% 20.00p 0.00p 0.00p - - - 0 06:37:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 27.37

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tiltonboy: Ian, With the offer having gone unconditional it looks bizarre. However, it may be that they wish to stay as a minority shareholder in IMY. Just bleddy typical that the copper price takes a tumble, and with it the Quadra share price, when I am close to being able to trade in my resulting Quadra shares. tiltonboy
hattori_hanzo: Apart from RAB probably putting upward pressure on the price, it has to be noted that the QUA price has risen considerably since the offer was announced & is currently valued at $12.98 per share, that makes each IMY share worth considerably more than the original offer deal, though still not as much as the current IMY bid price: "Based on the closing price onthe TSX of C$8.79 per Quadra share on 28 March 2007 and an exchange rate of C$2.27:#1, the Offers value each InterMoly share at approximately 10.68 pence"
hattori_hanzo: K. Sold my GLA this morning on a gut reaction to the poor IMY price & seeing the MMs start to move down.
tiltonboy: One thing that you are missing is the possibility that the Quadra share price might rise on the back of this news.
hattori_hanzo: waldof - 22 Mar'07 - 13:36 - 270 of 271 Share price is up 13.8%, but the warrants are now up....62.5%!! Yeah, it must be a MM trap.....err, it must be, right!! I mean....surely not..... However, I'd guess that there might be some rumours out there of a bid at a big premium to todays price, but in reality "I know nothing!" ;-)
hattori_hanzo: LFG_1066 - 8 Mar'07 - 10:41 - 203 of 204 How on earth do you get a time of 3:30pm today from this RNS ?! Preliminary offer approach The Company has noted the recent share price movement and confirms that it is in preliminary discussions which may or may not lead to an offer being made for the entire issued share capital and quoted warrants of the Company. A further announcement will be made in due course. -------------------------------------------------- Hmmm ?
sagem: International Molybdenum PLC 08 March 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN International Molybdenum plc ('International Molybdenum' or the 'Company') Preliminary offer approach The Company has noted the recent share price movement and confirms that it is in preliminary discussions which may or may not lead to an offer being made for the entire issued share capital and quoted warrants of the Company. A further announcement will be made in due course. Pursuant to Rule 2.10 of the City Code, International Molybdenum announces that it has 136,866,667 ordinary shares of 1p each in issue (ISIN GB00B0CVPQ18) together and 13,333,333 unexercised warrants over ordinary shares. Enquiries International Molybdenum plc Ian Watson, Chairman Anna Rebollini, Finance Director Tel: 020 7408 2002 Matrix Corporate Capital Limited Stephen Mischler / Alastair Stratton Tel: 020 7925 3300 Parkgreen Communications Limited Cathy Malins / Annabel Leather Tel: 020 7851 7480 The Directors of International Molybdenum plc accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors, who have taken all reasonable care to ensure such is the case, the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the importance of such information. Matrix Corporate Capital Limited is acting for International Molybdenum plc and no one else in connection with this announcement and will not be responsible to anyone other than International Molybdenum for providing the protections afforded to clients of Matrix Corporate Capital Limited or for providing advice in relation to the contents of this announcement. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the 'Code'), if any person is, or becomes, 'interested' (directly or indirectly) in 1% or more of any class of 'relevant securities' of International Molybdenum, all 'dealings' in any 'relevant securities' of that company including by means of an option in respect of, or a derivative referenced to, any such 'relevant securities') must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the 'offer period' otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an 'interest' in 'relevant securities' of International Molybdenum, they will be deemed to be a single person for the purpose of Rule 8.3. Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant securities' of International Molybdenum by any offeror or International Molybdenum, or by any of their respective 'associates', must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose 'relevant securities' 'dealings' should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at 'Interests in securities' arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an 'interest' by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a 'dealing' under Rule 8, you should consult the Panel.
smelly sox: CF£/Jonwig Very quiet here ! If either of you guys are around I was wondering if with greater knowledge you can help me understand the current situation with IMY a little better. I've been doing a bit of research on the old 'bfs' issue. Taking Montericco Minerals (MNA.L Copper Mining project) as an example.. Drilling reports and resource statements were being issued during 2003 when share price rose from c. 100p to 190p, before a pre-feasibility study was published in December 2003. Further drilling has taken place and updated resource statements issued since that time, when price has risen to a high of almost 600p late in 2004. All this still subject to a full BFS which is underway (altho share price has fallen to below 400p currently). Grossly simplified I admit and perhaps a bad example to take as a means of comparison, but it nevertheless raises a couple of questions in my mind in relation to IMY: a. with the Malmbjerg deposit estimated to be one of the largest such deposits of moly in the world b. moly prices at all time high c. HBA appointed - one of the most experienced teams of advisors to the mining sector ( as with Montericco) d. drilling reports and resource statements published ( as with Montericco) e. BFS due for completion within the next 2-3 months (ahead of Montericco) 1. why has the share price been diving over the last few weeks/months ? 2. Is Moly simply an unloved commodity that will never catch a wider market in the way that copper has ? 3. alternatively do you think in this case the results of the BFS will be what is required to bring the share price back to life ? Was it that the pre-feasibility study gave investors the confidence in the project they needed ? By these questions I certainly dont intend to put any kind of dampener on IMY - on the contrary I am very interested in the share but I'd like to convince myself that with my lack of knowledge about the market, I'm not missing something obvious. Thanks, smelly
jonwig: CF3: I hope I'm around, too. Three years should see the start of production. re the warrants. There's a link on the IMYW thread explaining how warrants work, with a calculator. At the moment the warrants have a 'time value'. That is, WP + 36p > share price As exercise date approaches, this time value will erode, eventually to zero. So then WP + 36p = share price (ie.WP=64p when SP=100p) The main point in favour of the warrants is that you get more bang for your buck. The main point against is that they can become worthless. For example, a serious setback might halve the IMY price overnight, whilst the warrant price would be virtually down to zero. At present, I think the warrants are a bit overpriced - see my calculations on the IMYW thread. Also the spread is a bit savage.
cf3: Tip from the old master 28 April 2005 EACH week, former Fleet Street City Editor Patrick Lay keeps This Is Money readers up-to-date with a neglected, but exciting sector of the stock market - smaller companies. Tip from the old master THERE was one cult figure in the swinging sixties who wasn't involved in rock and roll, and that was Jim Slater, co-founder of the Slater Walker investment group and dedicated setter of fashionable stockpicking. Any company receiving his nod of approval was virtually guaranteed a significant rise in its share value overnight. Even a hint that he, perhaps, possibly might, or even could be interested, was generally enough to bring in the punters. How times have changed. This week I lunched with Mr Slater, now deputy chairman and finance director of mining development company Galahad Gold, and his chairman and managing director Ian Watson, and both were surprised that investors were overlooking the value of their company. Galahad is not an explorer and it is not a producer: it buys into companies that have done most of the groundwork and are ready to start production. It is already the biggest single shareholder in Northern Dynasty Minerals, with a 23.4% stake. Northern Dynasty is the owner of the Pebble project in Alaska that contains the largest gold deposit in North America and the second-largest copper deposit. It also has 100% of Skaergaard in Greenland, which is claimed to have the largest palladium deposits outside South Africa and Russia, and also contains significant gold, and 100% of Malmbjerg, also in Greenland, one of the largest primary molybdenum deposits in the world. Followers of the commodity markets will be aware that the price of molybdenum (used to strengthen steel among other things) is currently around $35/lb, having risen from $14/lb since Galahad got involved in Greenland, and Galahad could be sitting on an estimated 1bn lbs of the stuff, says Mr Slater. (950m it turns out so not a bad estimate!) The actual published statement says: 'The combined measured and indicated and inferred mineral resources attributable to Galahad amount to a total of precious metals in terms of gold equivalent of about 47m ounces. 'In addition, Galahad's share of resources of base metals exceed 7.68bn lbs of copper and 1bn lbs of Molybdenum, together with extensive vanadium and titanium.' These resources are, of course, still in the ground but that is where their value will appreciate, says Mr Slater. He and Mr Watson are convinced that despite the surge in exploration companies in recent years, the world is going to be short of essential commodities as the Chinese boom continues and India and other underdeveloped countries take off. The City may not yet be convinced. Mr Watson holds 32.55% of Galahad, Mr Slater has a 9.73% interest and his son Mark holds 5.69%. Galahad has the backing of RIT Capital Partners and the J Rothschild family trusts with 6.14% and RAB Capital with 7.37%. Lord Wolfson of Great Universal Stores fame also has a sizeable stake and sits on the board as a non-executive. Galahad's share price is just 10.75p and Andy Edmond at Equity Development recently set a one-year target price of 25p-30p. In the sixties the Jim Slater name would have been enough to achieve that without any talk of resources.
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