Kemin Resources Share Discussion Threads

[sideshowbull] 13/3/2013 11:27

Licences not active yet the will be reinstated on or before 31 May.
At that time 148m shares will be place into the the mkt for £40m
DYOR

[comedy] 13/3/2013 11:22

lol simon move over..they sure spoil ure picnics:0)

[34simon] 13/3/2013 11:13

Oh no the topinfo pump and dump squad are here

[vivgav] 13/3/2013 11:12

MTV bagger!

[vivgav] 13/3/2013 11:11

SKR on the move again

[vivgav] 13/3/2013 11:08

SKR nibblers today

[topinfo] 13/3/2013 11:05

30p KEM is 0.06p old GMA

When GMA went to 0.9p that valued KEM at 450p a share. Im happy to pay 30p that others were piling in at 450p a few weeks ago.



KEM

50p Old GMA 0.1p
100p old GMA 0.2p
200p old GMA 0.4p
450p Old GMA 0.9p


See what I mean re upside potential here

[induna123] 12/3/2013 15:48

So fair value is 27p.

[flyingswan] 12/3/2013 13:11

OK, do we know what kind of company Kemin Resources KEM is now? Is it still a gold mine? or have we moved to other location and other type of mineral?

Does anyone know the web address or other sites with info?

[ryan83] 12/3/2013 13:07

so £40m divided by 148m shares = approx 27pence?

so prorating to current shareprice, ie 38pence implies market cap of £56m, of which £40m will be cash?

[sideshowbull] 12/3/2013 12:58

Just gone through it again, you are correct currently there are only 1.2m shares in issue at present.
The rest of the shares will come live on contract reinstatement (on or before 31 May) which will see 148m shares brought into KEM (Bergfolk £40m)



The Company is proposing a capital reorganisation which will have the effect of converting 500 Existing Ordinary Shares into 1 New Ordinary Share;

- The number of New Ordinary Shares in Issue at Admission will be 1,236,006, which represents the Existing Ordinary Shares in issue after the Capital Reorganisation is effective. The number of New Ordinary Shares at Admission will represent 0.81 per cent. of the New Ordinary Shares in issue following the Contract Reinstatement;

- The Company is proposing to acquire 90 per cent. of the participatory interests in the charter capital of KRMC for a consideration of GBP40 million which will be satisfied through the issue of 148,320,720 B Shares by the Company. The Subsoil Use Contracts held by KRMC are presently suspended. Upon the Contract Reinstatement, the B Shares will automatically convert into New Ordinary Shares on a one-for-one basis;

- In the event that the Contract Reinstatement does not become effective on or before 31 May 2013, the Loan Stock Shares will not be issued and the B Shares will be converted into Deferred Shares. Furthermore, dealings in the New Ordinary Shares will be suspended on 3 June 2013, the Company will revert to being an investing company under Rule 15 of the AIM Rules and dealings in the New Ordinary Shares on AIM will be cancelled six months thereafter if the Company has not implemented its investing policy by that date.

[induna123] 12/3/2013 12:46

Only a £400k market cap?

[2phildove] 12/3/2013 12:34

side
this doesnt feel right, yesterday somebody sold 20k and paid 11p less....suggesting very illiquid stock.

[sideshowbull] 12/3/2013 12:30

1.2m shares (stated in financials advfn) is GMA portion of KEM 1.2m of 148m or 0.89%

[daytraders] 12/3/2013 11:06

still cant get my head around how this went up 10 fold, and now back to here, i mean old gma to new kem.

[sideshowbull] 12/3/2013 09:52

148 million shares in issue KEM

[34simon] 12/3/2013 09:47

Market cap is tiny, if this was a 54 mil stock, a 3k sale would not be getting
5p discounts !

[miss anne thrope] 12/3/2013 09:47

aren`t there!

[2phildove] 12/3/2013 09:45

side

isnt there only 1.2m shares in issue????

[induna123] 12/3/2013 09:08

yep, not a sellers market that's for sure.

[34simon] 12/3/2013 09:04

Very weak though, 3714 sale 5p below the bid, that's awful !

[induna123] 12/3/2013 09:01

wow, now 0.074p in the old GMA price. Amazing that it went to 0.90p. Talk about getting mugged.

[sideshowbull] 12/3/2013 08:30

ADVFN figs not correct @ 37p KEM is valued at £54.7m

DYOR