Marlowe Share Discussion Threads

[Abuse team] 31/10/2005 20:04

Post removed by ADVFN

[adparker] 31/10/2005 19:18

trading resumed at 10c on 1m shares

[victorfromportugal] 31/10/2005 19:12

we'll see how toronto does tonight, but medoro seems to attract a lot of attention suddenly... cash shell with MO for sale...could be very interesting.. anyway have a nice evening

[victorfromportugal] 31/10/2005 18:54

GF being out ... maybe with a payout!!! MAYBE GF PAID medoro a significant amount of cash for abandoning its option...???


also Medoro is now free to sell Mo to Sargold for 5ME and hence become totally cash based ... with around 12p per share

if GF paid anything for the relinquished option... then may be 0.15 to 0.20p per share

that could explain the heavy buying in toronto and the distress by management to avoid the price to go up before taking the company private on a 0.12p basis?

well, these are ideas to be confirmed...

[victorfromportugal] 31/10/2005 18:50

Medoro resources warrants 15/4/2007

Merryl Linch has acquired an aggregate fo 5,200,000 warrants 15/04/2007 of Medoro Resources. This represents an approximate 34.67% interest of Medoro Resources w15/04/2007, on an undiluted basis, af of June 30,2005

The securities acquired are held for investment purposes.



source provided above: free subscription

[pecker1] 31/10/2005 18:48

Either the relinquishing of the MO licence by GFI is a notifiable event by MRL or it isn't or are AIM rules so nebulous they aren't worth the paper they are written on.

Would also be interested to know whether GFI have disposed of some of their holding in MRL, as would seem logical now they have let the licence go.

Or will we have a volkface and hear from MRL what is going on? The shambolic saga continues...

[adparker] 31/10/2005 18:45

in my opinion, the move up and volume today was more to do with the placer dome news rather than any 'INCORRECT NEWS DISSEMINATION'!

[adparker] 31/10/2005 18:44

can you post details of the warrants purchase victor pls if you are a subscriber?

[victorfromportugal] 31/10/2005 18:41

Toronto the price shows demands at 11.5p

we'll see , some activity s going on...

[victorfromportugal] 31/10/2005 18:40

Merryl Lynch buyes MEDORO warrants! 35% of them.

link

[alexx] 31/10/2005 18:37

mg - agree, nothing's changed, looks like we'll be back to ~3p tomorrow

[graylyn] 31/10/2005 18:34

sorry my mistake, wrong way round, check through the annoucement which you will find on news section of TSX exchange for MRL you will find amongst Gold fields announcment, I only flicked through it quickly, but it is there for all to read
In the European region, Gold Fields relinquished its option on the Monte Ollasteddu prospect in Sardinia with Medoro Resources (TSX-V: "MRL"). In Serbia, GFI bid on two government tenders for the Kuruga and Kupjatra licences in the Crni Vrh region. Four companies have submitted bids and at quarter end these were being evaluated by the Serbian officials. Gold Fields completed regional reconnaissance in three parts of the Russian Far East and has examined some 70 prospects.

[mg78] 31/10/2005 18:31

Now that all the fuss is over/explained, I do hope that shareholders (including VFP) will continue the original plan of confronting the management of Medoro regarding their woeful performance. Don't let this latest blunder distract us from our justified confrontation of 'management'.

[victorfromportugal] 31/10/2005 18:31

GF has relinquinshed their option, says GF in its quarters report! this has been annonced here 3 days ago..

[victorfromportugal] 31/10/2005 18:30

Medoro to resume after the preopen

2005-10-31 13:23 ET - Resume Trading

Medoro Resources Ltd. will resume after the preopen on Oct. 31, 2005, an announcement having been made.

[adparker] 31/10/2005 18:23

graylyn - you said earlier that they had taken up the option, now you post that they relinquished their option??

[victorfromportugal] 31/10/2005 18:21

News from Canada NewsWire

Medoro Resources Responds to Market Activity
13:10 EST Monday, October 31, 2005

TORONTO, Oct. 31 /CNW/ - Further to news posted on Stockwatch on October 28, 2005, Medoro Resources Ltd. (TSX-V/AIM:MRL) did not arrange a financing. The news was for Medora Resources Inc., a private company, which is not affiliated with Medoro Resources Ltd.

Medoro Resources is scheduled to file its third quarter interim financial statements on or before November 30, 2005, at which time it will provide an update of its activities.

%SEDAR: 00020446E

For further information: Peter Volk, Secretary, [phone], [e-mail]

[graylyn] 31/10/2005 18:17

This is the only info I was relating to :
In the European region, Gold Fields relinquished its option on the Monte Ollasteddu prospect in Sardinia with Medoro Resources (TSX-V: "MRL"). In Serbia,

[victorfromportugal] 31/10/2005 18:12

Stop Press
Date: July 05, 2005

It Is Time Shareholders and The Canadian And AIM Authorities Called The Management Of Medoro Resources To Account.

Last week our London Correspondent reported in his weekly round-up of the junior mining market that the worst performer on AIM was Medoro Resources which managed to lose 25 per cent to end the week at 3p after no news whatsoever. This, he said, was a new low point for the company, which seems to have totally lost its support in London. It is a far cry from the glory days of Gold Mines of Sardinia back in the late 1990s.

Back in February our Canadian Correspondent ended a very critical comment on the company by writing, "It is not too late for management to play the role of hero and save the day. However, a firm commitment to growing the company is required and a priority must be to promote itself in both the UK and Canada so that the investors are aware of the company's direction. The latest rumours include a possible move into Serbia. At any rate, the conclusion of the Medoro play is still in doubt and current shareholders are calling for a happy ending. We will see."

Sadly the management of Medoro took no notice at all. Its web site is in a bad way with minimal information so one has to assume that Iacono Serafino, the CEO of Bolivar Gold and Miguel de la Campa, the President of Bolivar Gold both still sit on its board of directors, and that Gold Fields still has a significant equity stake. Back in March 2004 Medoro obtained a secondary listing on AIM, had around C$10 million in the kitty and was free carried on practically all exploration on the island of Sardina for some time to come. All in all not a bad start and the market responded accordingly by bidding its share price up to C$1.20 a piece.

The game plan, although not well promoted at the time, appeared sound with plenty of Italian input at board level. Guiseppe Pozzo was the chief executive and Medoro appeared well positioned to prospect, discover and explore new prospects elsewhere in Italy and throughout Europe with Gold Fields only a few steps behind. So how is it that the shares are now C$0.06 cents?

The latest results for the company for 2004 show a cracking loss of C$9.9 million which is said to reflect the loss on the sale of most of its assets in Sardinia to Sargold Resources. As a result of the sale the company ended last year with cash of C$2.4 million, receivables of C$10.6 million and no debt. Since the end of the year Medoro completed two private placements to raise C$4.9 million so these new investors will also be pretty unhappy.

The company says that Gold Fields has completed a geophysical survey at Monte Ollestaddu and will be carrying out an exploration programme this year when approvals are obtained. Medoro is still looking for a JV partner for its Pestarena project and is looking for other deals in Europe. Not very inspiring is it? No wonder shareholders are selling the shares. They do not feel they are adequately informed and if the authorities of the Toronto Venture Exchange think that this is OK it is up to the AIM market to tell them to get their act together and call the directors of Medoro to account. We will be watching what happens as well as taking a close look at Bolivar Gold.


source

[nedora] 31/10/2005 18:10

TXS news release went out for Medoro it was intended for MEDORA.

[victorfromportugal] 31/10/2005 18:09

To contact Goldfields >>> see names and contacts numbers +emails at the bottom

>>>>>>>>>>>>>
GFI: Gold Fields Limited - Gold Fields announce... 19/01/2005 11:56:31 AM


Gold Fields Limited - Gold Fields announces that it has increased its total
indirect stake in Medoro Resources Ltd. to 13.4%
GOLD FIELDS LIMITED
SHARE CODE: GFL
ISIN: ZAE000014270
GOLD FIELDS ANNOUNCES THAT IT HAS INCREASED ITS TOTAL INDIRECT STAKE IN MEDORO
RESOURCES LTD. TO 13.4%
Johannesburg, South Africa - January 19, 2005: Gold Fields Limited (JSE and
NYSE: "GFI") announces that its indirect wholly-owned subsidiary, Orogen Holding
(BVI) Limited, has purchased 7,692,307 common shares of Medoro Resources Ltd.
(TSXV and AIM: "MRL") in a non-brokered private placement. The shares represent
8.1% of the issued and outstanding common shares of Medoro. The shares have
been acquired for investment purposes.
In April 2004, Orogen purchased 5,000,000 common shares of Medoro, which
together with the newly purchased shares brings Gold Fields" total indirect
stake in Medoro to 13.4%. While Orogen has no current intention to acquire
additional securities of Medoro in the immediate future, Orogen may increase or
decrease its interest in Medoro at prices which it determines to be attractive
at any time.
Medoro Resources Ltd. is a junior gold exploration and development company
focussed on opportunities in Sardinia, Italy and elsewhere in Europe through
joint ventures with strategic partners.
Gold Fields Limited is one of the world's largest unhedged producers of gold,
with attributable production of 4.2 million ounces per annum, mineral reserves
of 75.6 million ounces and mineral resources of 179 million ounces. The company
is listed on the JSE Securities Exchange (primary listing), NYSE, LSE, Euronext
in Paris and Brussels, as well as on the Swiss Exchange.
Enquiries:
Gold Fields Limited
Willie Jacobsz Cheryl Martin
Senior Vice President Vice President, North
Investor Relations American Investor Relations
[e-mail] [e-mail]
Phone [phone] Phone [phone]
Fax [phone]
Orogen Holding (BVI) Limited
9 Columbus Centre
Pelican Drive, Road Town, Tortola
The British Virgin Islands
Date: 19/01/2005 11:56:33 AM Produced by the JSE SENS Department

>>>>>>>>>>>>>>>>>>>>>>>>>>

[victorfromportugal] 31/10/2005 17:49

Check this




page 15 in particular... seems clear doesn't it?

[victorfromportugal] 31/10/2005 17:09

2M shares traded in toronto anyway before cancellation!

[victorfromportugal] 31/10/2005 17:09

2M shares traded in toronto anyway before cancellation!