Mdm Engin. Share Discussion Threads

[stegrego] 12/5/2008 07:39

Heh. well you got the first post in..

Was searching for the Prospectus on the website, but cant find it. I dont think they have updated the website yet with an Investors section.

[glasshalfull] 12/5/2008 07:36

Great minds think alike.....fools seldom differ.

Morning Stegrego.
I made a quick search prior to setting up a thread to monitor this one and see you beat me by a minute:-)

Thanks.

Regards,
GHF

[stegrego] 12/5/2008 07:34

MDM Engineering Group Limited is a minerals process and project management
company that provides services to the mining industry. The Group provides a wide
range of services, from preliminary and final feasibility studies through to plant
design, construction and commissioning, to mining companies. To date the Group's
clients have largely been junior and mid-tier mining corporations with operations in
Africa.

The Group was established in November 2006. In February 2007 the Group purchased
out of liquidation certain of the intellectual property and fixed assets of MDM Ferroman
(Pty) Limited ("MDMF"), a mining services company with an established track record of
providing services to the African mining industry. The Group subsequently employed a
number of the technical staff of MDMF, and implemented an approach to project
execution based on a transparent, open-book Engineering, Procurement, Construction
Management ("EPCM" or "cost-plus") basis. The Group now has what the directors
consider to be a strong portfolio of current studies and execution projects and a strong
outlook of prospective work, which the directors believe provides the Group with an
attractive and visible revenue stream to drive the Group's growth in the future.
The Group has an order book totalling four confirmed or active projects and seven
scoping and feasibility studies. The aggregated Project Value of the confirmed or active
projects is approximately US$400m and the aggregated Project Value of the projects
expected to result from the scoping and feasibility studies is approximately US$1bn
(although there is no guarantee that the studies will become active projects). Historically,
the Former Business had a successful track record of securing the project contracts where the Former Business had previously undertaken the original feasibility study. In over 90% of cases where such studies resulted in a project being undertaken, the project was carried out by the Former Business. The Group has continued to convert a significant proportion of bankable feasibility studies into project contracts and the directors are confident that this trend will continue as the Group expands.



Placing Price 145p
Total number of New Common Shares being issued pursuant to the
Placing 3,450,000
Number of Common Shares in issue immediately following Admission 37,459,107
Percentage of enlarged issued share capital subject to the Placing 9.2%
Estimated net proceeds of the Placing receivable by the Group (exclusive
of applicable VAT) £4,403,100
Market capitalisation at the Placing Price on Admission £54,315,705