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Share Name Share Symbol Market Type Share ISIN Share Description
Mariana Res LSE:MARL London Ordinary Share GG00BD3GC324 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 99.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -4.6 -4.2 - 134

Mariana Share Discussion Threads

Showing 13801 to 13825 of 14025 messages
Chat Pages: 561  560  559  558  557  556  555  554  553  552  551  550  Older
DateSubjectAuthorDiscuss
26/4/2017
17:04
Just listened to Nolan Watson and Greg Parsons on the Sandstorm / Mariana joint webcast on the SSL website. Very matter-of-fact low BS presentation. Nolan does not do BS in my experience. You may be able to listen again at: Http://event.on24.com/eventRegistration/console/EventConsoleApollo.jsp?&eventid=1416867&sessionid=1&username=&partnerref=&format=fhaudio&;mobile=true&flashsupportedmobiledevice=false&helpcenter=false&key=C4B72B8ADA80B1F6AD888324FA9FD8E0&text_language_id=en&playerwidth=1100&;playerheight=700&overwritelobby=y&eventuserid=168625391&contenttype=L&mediametricsessionid=134863338&mediametricid=2039531&usercd=168625391&mode=launch If not I'm sure it'll be posted on both websites shortly. My pull on all this is that it is a very practical solution to the emerging problem that MARL is currently a very junior partner in HM with shallow pockets and a very thin deck of cards if the Turks decided to play hardball (as with Bahar/Stratex). The new joint strategy of eventually converting the jv into a gold stream, thus getting rid of the annoying junior partnership, might well suit Lidya better as they would then own 100% of the equity. This would protect our future interest in HM better imo, even if it looks like a short term dashing of our loftier expectations. Being holders in SSL will broaden our expectations and greatly reduce all sorts of risks, especially political risk. HM coming on stream is expected to double SSL's annual royalty and stream volume from 61k oz in 2019 to 135k oz by 2022. Remember that will be raw income with no OPEX to pay for, so most of it can be trousered. After carrying many scars of investing in junior miners over the years, I had twigged the benefits of investing in streaming and royalty companies a few years back with a holding in APF, although I disliked their weighting in Australian coal. When SSL first took its stake in MARL I researched the company and its people and very much liked their No-BS press-on attitude. Gradually over the past year I have slimmed down my more hopeless junior goldies on any price spikes which came along, and recycled the pathetic proceeds into SSL. Natually I was delighted by the news this morning, but I can well see why some of you will be disappointed by the loss of all those blue sky dreams of HM, the Russian Zone etc. I think you'll do better in the long run sticking with SSL if you can hold the shares. If not - change your platform! My existing SSL shares are registered on the TSX, and I'm unclear whether the new exchanged shares will be registered on TSX or NYSE. They are still the same shares but I have no clue how to consolidate them onto TSX shares on my platform. Time will tell, but anyone help me here? I note that SSL and MARL shares are moving in opposite lockstep as the arbs do their thing. I don't think we need to get too excited about this - wait for the paperwork. Finally I agree with those above that there is little or no chance of a rival bid. Who would want to be the junior partner to a Turkish conglomerate you don't know - in the new Turkey of today? Good luck all holders.
shavian
26/4/2017
16:40
No point selling now...who ever sold at 86/88 p range basically gave away free Sandstorm shares. For every 4 MARL shares you hold you`d get 1 Sandstorm share plus 87P, ( ROUGH ESTIMATE )
pr0t0n
26/4/2017
16:12
Still holding as well. I might be tempted at £1 but in no hurry to realise a nice profit.
zedder
26/4/2017
16:10
MARL seems strongly bid on all 3 exchanges...and Sandstorm picking up also....still holding.........
barrywhit
26/4/2017
15:08
well Sandstorm down 9% on the TSX
barrywhit
26/4/2017
14:52
Why? There's an arb between the value of the offer and the Mariana share price!
henley2
26/4/2017
14:44
self defeating surely!
goldenshare888
26/4/2017
14:35
Be interesting to see if any arb funds start buying Mariana and shorting Sandstorm
henley2
26/4/2017
14:12
http://www.investorschronicle.co.uk/2017/04/26/shares/news-and-analysis/news-tips-greencore-mariana-resources-bhp-billiton-more-BfFuBm581eXdd6ZgjkYXjN/article.html
barrywhit
26/4/2017
13:56
Iii3x9w73338
freelunch
26/4/2017
13:47
Significant and Attractive deal........my *rse.........
barrywhit
26/4/2017
13:47
Right, good luck all. I'm out. Only been holding for a short while so sold for just above break even. Thanks for all the help and useful posts.
sheep_herder
26/4/2017
13:44
http://www.proactiveinvestors.co.uk/companies/stocktube/7348/mariana-resources-glen-parsons-talks-through-attractive-takeover-deal-7348.html
barrywhit
26/4/2017
13:36
On a pre opening price of 3-75 bucks and at current xrates,you're looking at a bid value of around 104p.Of course as the bid progresses,you'd expect the price to equalise but in the meantime,the vagaries of currency and the Sandstorm price will permit the MMs to quote at a good discount to the calculable value of the bid.I can't help but think that Mariana has sold out cheap and that AIM shareholders have been stuffed.All very well banging on about the liquidity of the US market but due to technicalities,you can be sure that the majority of AIM listed holders won't end up holding Sandstorm stock.Many moons ago,this stock traded on many multiples of the current share price if you adjust for that 1:10 subdivision,a multiple of around 5!Some will be obliged to realise capital profits but others losses.
steeplejack
26/4/2017
13:31
thanks There should be some opportunities around then.
dilbert dogbreadth
26/4/2017
13:28
Have a look here dilbert: hxxp://news.goldseek.com/GoldSeek/1492790640.php
bittorrent
26/4/2017
13:26
Herbert, as I understand it Sandstorm lend money to miners against a future royalty stream, they have a diverse portfolio and already have a stream of revenue coming in, so how much will the selloff affect them?
bittorrent
26/4/2017
13:07
what you referring to Herbert with gdxj?
dilbert dogbreadth
26/4/2017
12:57
Thanks, Exbroker. It helps to be clear to be able to work out the best way forward. IMHO Sandstorm is a good hold but maybe not in the next couple of months. Holders who don't follow the Canadian/US scene should research what's happening to GDXJ. It's going to affect the whole junior sector including Sandstorm.
herbert howells
26/4/2017
12:49
Hi hh There is no reason why there could not be another bid from a third party, but that does not mean there will be one. It is a takeover in all but name, MARL holders end up with 19% of the combined entity and the quote stays as NYSE and TSE.
exbroker
26/4/2017
12:40
Thanks, Mirabeau. And while I am demonstrating my own ignorance, will somebody tell me if I am right in thinking that references to 'combined group' make it sound like a merger but really it's a takeover in all but name. Mariana will effectively cease to exist except maybe in the form of a spin of unwanted assets, a kind of 'Mariana2' for Ivory Coast. Have I got this right?
herbert howells
26/4/2017
12:37
There will not be a rival bid. Simple
mirabeau
26/4/2017
12:34
This is from Sandstorm to shareholders this morning: Vancouver, British Columbia — April 26, 2017 Sandstorm Gold Ltd. (“Sandstorm221;) (NYSE MKT: SAND, TSX: SSL) and Mariana Resources Ltd. (“Mariana̶1;) (TSX.V: MARL, AIM: MARL) are pleased to announce that the board of directors of Sandstorm and the independent directors of Mariana have reached an agreement on the terms of a recommended share and cash acquisition by which the entire issued ordinary share capital of Mariana (that Sandstorm does not already own) will be acquired by Sandstorm by means of a Court-sanctioned scheme of arrangement under Part VIII of the Companies (Guernsey) Law (the “Combination”). There are posts suggesting a revised offer or even a rival bid can still turn up but it says the two groups of directors have reached an agreement. Maybe somebody who knows more about these things will correct me - please do - but surely there can't be a rival bid from another company after terms have been agreed. Have I got this right?
herbert howells
26/4/2017
12:34
Added Sandstorm chart at the bottom of the header ;-)
pr0t0n
26/4/2017
12:14
The difference in price reflects the risk of the currency and a fall in the price of Sandstone shares, the see-through price at the moment is about 100p, depending on what exchange rate and price for SAND that you use. There is arb buying interest at these levels and I expect the price of Marl to go better as the arbs hedge the position and buy MARL.
exbroker
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