Marlowe Share Discussion Threads

[made1686] 08/12/2005 19:54

i can gold up new highs mrl down the good news its not down in can the bad news is it is not up still two hours to go

[alexx] 08/12/2005 16:02

I don't think anyone can think of anymore to say

[made1686] 08/12/2005 09:24

yes i like to but to evile and mates will get them the tin tack and that will get the cash back still now they out of a job thay may do some work at mrl lol

[victorfromportugal] 08/12/2005 08:23

Someone HAS TO GO at the next AGM...

[blueskye2] 07/12/2005 22:04

Are you mad?
it collapsed 1 yr ago, its actually stable now.
I hope made gets an airNZ flight to Toronto and gives IS and RD a knuckle sandwich.

[victorfromportugal] 07/12/2005 15:10

hare price COLLAPSING!!!!

[mg78] 04/12/2005 21:40

No you're not stokieboy - don't keep putting yourself down.

(By the way, it's Stockieboy...(c)

regards.

[Abuse team] 04/12/2005 18:54

Post removed by ADVFN

[blueskye2] 04/12/2005 17:38

MO will never happen, unfortunately.
But the management have to do something because they have their friends in the stock (Canadian Invest. Firms) not to mention pockets ful of 10c shares themselves.
Just have to wait.
Made, you can punch them up after that!

[victorfromportugal] 01/12/2005 10:24

Are they thinking GOLD?

is permit for MO lost for ever? I don't think so.

[blueskye2] 01/12/2005 07:32

MO is dead, not permitted. thats why Goldfields are out.
Need to concentrate on the previous PR where directors are looking for other opportunities. That will be the moment where MRL start to rise again.

[victorfromportugal] 30/11/2005 15:43

Q3 AS EXPECTED... wait next move...


As GoldFields is now buying Bolivar, if Bolivar remains in MO, then it would mean that GF is funding MO indirectly...

moreover, in that case MRL would get 30% interest in MO (against 70% for Bolivar) versus 10% just a few weeks ago...

Watch this space..

[richgit] 30/11/2005 11:49

About as enlightening as a candle in fog.

[victorfromportugal] 29/11/2005 10:17

imminent news (Q3)...

[made1686] 26/11/2005 05:33

up ^6% in can

[mg78] 25/11/2005 09:12

VFP - not sure where it leaves us exactly - other than my guess is we'll have a depressing RNS, bad figures, no positive forward thoughts and as usual the bare minimum of information. Who knows? Maybe the share price will go even lower...we will see.

made1686 - fair comment.

[Abuse team] 24/11/2005 20:03

Post removed by ADVFN

[victorfromportugal] 24/11/2005 18:28

MG78? thanks for this english metaphore, but where does this leave us? cheers for your thoughts...

[victorfromportugal] 24/11/2005 15:32

Oh dear! Are these guys (Bolivar-Medoro management) really crooks???

sh...t!

[mg78] 24/11/2005 15:31

An interesting post richgit - and congratualtions to Scion Capital for at least standing up and saying something.

The plot thickens - and my already rock-bottom view of the board of Medoro (several of whom sit for Bolivar, I believe) is compounded further.

I believe we will get an RNS from our lovely management next week - so prepare for the stool to be finally kicked away and for the noose to slip?

[richgit] 24/11/2005 13:23

Bolivar investor queries G'Fields bid

Thu, 24 Nov 2005
Canadian company Scion Capital, as the investment adviser to two investment funds that own in the aggregate 14.46 percent of Bolivar Gold, late on Wednesday questioned the proposed acquisition by Gold Fields of Bolivar Gold at C$3.00 per share.

In light of Gold Fields' ownership interest in and joint venture relationship with Bolivar Gold, Scion Capital also questioned the proposal by Bolivar Gold to seek an exemption from the legal requirement to obtain an independent valuation, an important shareholder protection mechanism.

On Monday, Scion Capital sent a letter to the board and management of Bolivar Gold raising some initial issues and concerns about the proposed acquisition.

Fair value?

In the letter Scion Capital said that offer of C$3.00 did not represent fair value for Bolivar.

"I urge you and the board of directors of Bolivar to reconsider the proposed agreement with Gold Fields in order to bring additional value to the shareholders of Bolivar, and I strongly oppose your plan to apply for an exemption from the requirement to seek an independent valuation," Scion Capital said.

Gold Fields said in its statement that its consideration of C$3.00 was a premium of 40.9 percent over the volume weighted average trading price of Bolivar over the prior 30 trading days and a premium of 18.6 percent on the closing price on November 18.

"That position on valuation premium is very misleading and somewhat deceptive. Shares of Bolivar have been under significant pressure since mid- September due to market perceptions of political turmoil affecting Venezuelan mining operations, and yet you know as well as I that these concerns were not valid with respect to Bolivar," Scion Capital said.

Bolivar Gold's gold mining interests are based in Venezuela.

Making headlines

"The negative headlines coming out of Venezuela, and the statements attributed to Chavez, were of little concern to Bolivar's operations, as Bolivar was in compliance with all government rules and laws.

"In particular, Bolivar's achievement of final exploitation certificates for the Choco four and ten concessions earlier this month indicates the alignment of Bolivar's operations with government policies.

"Bolivar and Gold Fields are well aware that this is a company-specific development that bodes very well for Bolivar as an exceptional performer within Venezuela's mining industry," the company added.

"Bolivar's share price was in excess of C$3.00 just prior to the impact of the negative Venezuelan headlines appearing in the Western press.

"Assuming the markets had fairly valued Bolivar at that time - and we should note that gold prices are even higher today - the premium in Gold Fields offer disappears.

"Moreover, recent exploration has yielded remarkable results, as you know, and the value of Bolivar is not captured by current income and revenue metrics. In fact, Bolivar risks allowing a large shareholder, insider, and strategic partner to take advantage of this recent market confusion by buying all of Bolivar on the cheap," Scion Capital added in its letter.

"I also urge you to obtain the independent valuation of Bolivar that is generally required for these types of "insider" takeovers. It is not in the best interest of the shareholders of Bolivar for you to assist Gold Fields in an attempt to receive an exemption from the independent valuation requirement," the company said.