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MXX Mineral Sec

29.00
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mineral Sec LSE:MXX London Ordinary Share VGG614341094 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mineral Sec Share Discussion Threads

Showing 276 to 298 of 550 messages
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
27/11/2007
14:28
Anything cheap in these Markets looks as though it's just going to get cheaper! May yet see that 60p double bottom - question is will it bounce or just continue on down....
skyship
20/11/2007
15:48
Copperco Limited ASX: CUO - 2007 Annual General Meeting -
Mr Brian Rear, MD
Provider: Boardroomradio

Sydney, Nov 19, 2007 (ABN Newswire) - Copperco Limited
(ASX: CUO) - 2007 Annual General Meeting - Mr Brian Rear, MD;
Copperco Limited (ASX: CUO) present the following audio webcast
regarding
"2007 Annual General Meeting". You may also download this audio
webcast to your computer or portable audio player.

Broadcaster: Copperco Limited (ASX: CUO)

Broadcast Title: 2007 Annual General Meeting

Broadcast Type: Audio stream

Audio webcast Link:



Listen to the Audio stream and view the announcement
for Copperco Limited (ASX: CUO) below.

skyfoot12
20/11/2007
15:41
ripped off google ;-)

Broker Update
Announced by: MSN
Announced on: 19/11/2007 15:37:00

skyfoot12
20/11/2007
14:36
Watching & waiting for that double bottom @ 60p - or will the directors pitch in again before it gets there....
skyship
20/11/2007
13:27
Back to 60p anyone?
robbie81
20/11/2007
00:09
ripped from buka:
skyfoot12
19/11/2007
16:31
Ripped from Hot Copper
---------------------------------------------------

re: report from proactive investors (tokyojoe)


Good article.
The most interesting aspect for me was the revelation that management are focused on cash flows in the hope it will be valued on cash flow multiple rather than NPV.

Just to clarify the valuation. That 1.70 - 1.95 valuation is in pounds sterling.
At current exchange rates thats AUD$3.90 - AUD$4.48
So today's close at AUD$1.60 is a huge 60-65% discount to their fair value calculations.

pillion
19/11/2007
14:48
clearsoup, I'd imagine they've reached two results in the same way I do, ie. by assigning either a very conservative valuation to Sappes, Loretta and Vostok (especially the first two) or by using more realistic (but still conservative) NPV numbers. I make it almost (not quite) a 50% post-tax discount based on the stipulative value I give Sappes (£10m) and Loretta (£20m) whereas the NPV for the former is probably £50m or so, and vastly higher for the latter (+£100m). However, in the absence of any figures, their valuation is a bit opaque.

How infuriating that we are still going down! Oh well, value will out, but it can take a while.

utwiq
19/11/2007
12:56
Aim_trader,

Great article, thanks for the heads up!

d6529
19/11/2007
11:05
Utwick, Pillion. I liked the article, and clearly MXX is trying to get its message across to anyone who will listen. But can you guess how authors Mclelland and Norman reconcile share price 70p, "trades at 50% discount to NPV" - which entails NPV=140p, and fair value 170-195p? NPV of what? And what method can they have used to calculate 'fair value'?
clearsoup
19/11/2007
10:45
"Mineral Securities - The Keith/Robert combo still looks good
18-Nov-2007
Minsec currently trades at a 50% discount to its NPV - is there a posse of value investors forming as I write?"



Looks like a solid investment

aim_trader
18/11/2007
19:16
Utwiq

Good find, I like this part

................ On a fair value basis MXX is worth £1.70/ £1.95 per share, post tax ...............................

pillion
18/11/2007
18:31
this looks good (any coverage is positive!)
utwiq
18/11/2007
15:39
Chart-wise not much to go off --
but..............

When these 3 indicators go positive I will buy big time by my standards


free stock charts from www.advfn.com


High-low moving average --- when all 3 values are below the SP


Williams%R --- when the value is higher - on the chart - than 40


ADX/DMI --- when the lowest line is the red one

All imho of course

pillion
13/11/2007
22:17
ROBERT Champion de Crespigny's Mineral Securities has lifted its stake in emerging South African-based platinum player Platmin to 27.2 per cent in Minsec's first major offensive since it merged with Scarborough Minerals .................. .................
pillion
12/11/2007
08:40
Platmin and Tianshin both raising working capital through new listings, Tianshin A15.5M and Platmin US$150. Not sure what that means from a dilution perspective.
robbie81
11/11/2007
13:59
We are buying the shares from

CDC (Actis) - who own 30%

pillion
10/11/2007
21:37
this is looking good to:

Subsequent to 20 July 2007, Minsec notes the 222% increase in
Buka Gold Ltd's share price to A$0.29; Minsec's holding in Buka Gold is
33,730,001 shares.

skyfoot12
10/11/2007
00:04
i cant see any lock in agreements,
perhaps thats why they are paying the full whack,

skyfoot12
09/11/2007
20:04
09 November 2007



Mineral Securities Limited ("Minsec") is pleased to announce that it has entered
into an agreement to purchase, in three tranches, 11,122,049 common shares
representing up to 11.5% of the issued and outstanding shares of Platmin Limited
("Platmin"). After completion of the acquisition, Minsec will own 26,351,819
shares representing 27.2% of the issued and outstanding common shares of
Platmin.

----------------------------------------------
Utwiq

I should have bought more the other day

Will be interesting to see how MXX trades in Oz on Sunday night

pillion
09/11/2007
19:23
The news is available at the head of the page:
1. PPN is raising $150m by share offering
2. sale by major shareholder (CDC?) of its stake to Karrick (Mittal family I think) and to us at the price of C$9.90, so above the current price
not what I expected (certainly not MXX increasing its stake like that)

Wow. So we are going to expand our largest investment by far by close to 70%, using cash and debt. Management must be super confident that PPN is going to succeed. I'm confused in several ways. First, why bother? Don't we have massively enough exposure to PPN as it is. Second, why not participate in the rights offering, presumably at a modest discount, rather than buying shares from another shareholder at $9.90? I may be wrong, however, perhaps the rights offering will be at a premium. Certainly there seems to be a heavy instititional following (with Mittal coming in now), with a small free float and very illiquid trading. I'm very glad to hear we're using debt rather than equity. It would be criminal to use our absurdly cheap stock to buy more PPN, when most of the price of each MXX share is underpinned by PPN as it is, with everything else in there for free.

Finally, an article by mineweb on platinum juniors (with the relevant extract):



Platmin (AIM:PPN, TSX:PPN), also among the fund's top five picks, could be acquired by platinum producer Lonmin, which already holds a stake (22.5%) in the company. Interestingly, a "huge" share block of $100m in the company was recently exchanged between a fund and another party.

utwiq
09/11/2007
18:44
Platmin has halted trading in Canada, pending news.

As someone who is very overweight in MXX, which holds a major stake in PPN, I have to say I am half hoping for a cash takeover, say at a 30% premium, freeing up almost £100m for MXX, which is pretty close to its MCap. Unlikely certainly (not sure what the news will be however) and probably shortsighted on my part.

utwiq
08/11/2007
23:07
No IP here, Pillion! Caveat emptor.
clearsoup
Chat Pages: 22  21  20  19  18  17  16  15  14  13  12  11  Older

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