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MMM Mining Minerals & Metals Plc

3.90
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Mining Minerals & Metals Plc MMM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 3.90 01:00:00
Open Price Low Price High Price Close Price Previous Close
3.90 3.90
more quote information »
Industry Sector
MINING

Mining Minerals & Metals MMM Dividends History

No dividends issued between 23 Apr 2014 and 23 Apr 2024

Top Dividend Posts

Top Posts
Posted at 15/12/2021 07:28 by frankandbeans
The Board of MMM is pleased to announce that it is in early stage discussions and has entered into a non-binding term sheet with Africa Resources Holdings, LLC ("ARH") to acquire the entire issued share capital of Narnia Mauritius Gas Holdings Limited ("NMGH"), that will hold a ninety five percent ("95%"), interest in Inert Gas Industries (Proprietary) Limited ("IGI"), which in turn owns the Lindley Natural Gas Project ("LNGP") exploration licences situated in the Free State Province of South Africa ("The Proposed Transaction").

The discussions with ARH remain subject to contract, satisfactory completion of due diligence and additional equity fundraising.

ARH have indicated that the LNGP exploration licences cover an area of 27,000 hectares with a portion of the LNGP licence area being previously operated by the Anglo American Corporation of South Africa Limited for approximately ten years producing both Methane and Helium gas. The Methane gas was flared whilst the Helium gas was sold locally in South Africa. Subject to compliance with all the requirements of the regulatory authorities in South Africa, following completion of the Proposed Transaction, MMM, intends to secure production permits to facilitate the production and distribution of Methane, Helium and any other marketable products from LNGP.

The Proposed Transaction, if completed, would constitute a reverse takeover under the Listing Rules and accordingly the Company would need to apply for re-admission of its shares to the Official List and the Main Market of the London Stock Exchange. As the Company is currently unable to provide a full disclosure under Listing Rule 5.6.15, at the request of the Company the FCA has suspended the Company's listing in its ordinary shares on the standard segment of the Official List and trading from the London Stock Exchange ("LSE") with effect from 7.30 a.m. today, pending the publication of a prospectus providing further detail on NMGH, IGI and LNGP and the Company as enlarged by the Proposed Transaction.

In the event that the Proposed Transaction does not proceed the Company will seek the lifting of its suspension from the standard segment of the Official List and trading on the LSE.

The Proposed Transaction is conditional on a number of conditions including; i) satisfactory due diligence ii) entering into a definitive legal agreements iii) raising further funds for the Proposed Transaction; iv) approval by shareholders at a General Meeting to be convened; v) obtaining all necessary approvals (if required) and; vi) granting of eligibility for the readmission of the Company to the Official List by the FCA.

There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course.
Posted at 01/10/2021 16:12 by tomboyb
seller out of MMM -
Posted at 07/2/2021 14:06 by 36jay
This going to multi bagger coming sessions.Tiny market cap.10.5% huge holding update late Friday.30% strategic investment imminent according to last company update.Tiny market cap.Fully funded.No debt.What a great opportunity.
Posted at 08/12/2003 17:22 by kvu
Thinking of building some shorts through a longer term account at 81.48 and above.....looks like a correction is due shortly. Maybe safer to play through options and the vols look good for that. Haven't been involved in mmm for a while as it hasn't looked good for a short for a while.....but now looks like the time for that shorting finger to hit the sell button.
Posted at 02/8/2003 14:38 by kvu
Thought I would bring this to the top. I am looking to build some nice option positions on this stock. I am looking at the MMMMH $140 Strike Jan 04 PUT options on thursday at a price of $7.30. As long as the MMM stock is below $132.50 on expiry I should look to make a profit. Lets see. I may put in an order if my broker allows me too. The coming weeks could be interesting if the volatility index moves lower causing the options to look even cheaper. I still favour $143 as a target price.
Posted at 17/4/2003 17:22 by jdeltablues
Thought I saw something on Yahoo about J P Morgan reducing profit estimates for MMM but can't find it now; also KO results seem to have knocked sentiment towards Dow stocks. Maybe Joe Sixpack was cashing in his winners to buy Easter eggs and clearing out the "expensive" shares?

Have to admit yesterday's weakness in the Dow came as a surprise to me. I thought kvu's comments were spot on and almost sent off a reply agreeing with them.

Talking of Lycos, their charts have just frozen up.
Posted at 18/2/2003 22:54 by energyi
OPTION VOL.: "3M-Puffs" (Symbol: MMMPF: Strike: $130)
APR 03 PUTS. Stock trading at $126.78
Last: 6.80 / Change: -1.40 / Bid: 6.80 - Ask: 7.10
Vol: 140 ... Open Int: 4,789


OPTION Implied Vol. Record (note:365d=19.1, Ops.exp: 18-Apr?)
Date. ..MMM.. .X.O Put.:.Adj. 12mo.Time/Sqrt Yr-Str xAdj. Vol.%
PF-Apr
02.18 $126.78 130p 7.00:5.88=14.27 /62 = 7.87 21.95%x1.25=27.4%

...
if ive done this right, these are not terribly cheap.
but not ridiculous either. At $127.5, the cost should be about $6.60-6.70
Posted at 18/2/2003 19:56 by kvu
APR 03 PUTS. Stock trading at $126.78

Strike: $130
Symbol: MMMPF
Last: 6.80
Change: -1.40
Vol: 140.00
Bid: 6.80
Ask: 7.10
Open Int: 4,789.00

Later... Bought 1st set of April 03: $130 PUTS at 7.00 with Cantor. Already in the money on those.

Later closed for $7.10 Just thought the bounce of DOW 8000 was good. Closed when MMM hit 126.22
Posted at 18/2/2003 00:14 by energyi
From ValueLine Report

....... --MMM- -MSFT- --GE-- ---T--
Price.. 125.09. 48.30. 22.48. 17.87
Earns.... 5.25.. 1.87.. 1.51.. 2.70
P/e...... 23.8.. 25.8.. 14.9... 6.6
Rel.PE*.. 1.55.. 1.89.. 1.06.. 0.67
Div.%... 2.11%. 0.17%. 3.38%. 4.20%
Shs.OS.. 390.2. 5379.. 9951.. 770.2
MktCap. 48.81B 259.8B 223.6B 13.76B
LTDebt.. 2,939.. None... 876 20.17B
Date..... 9/02.. 9/02.. 9/02.. 9/02
EV/MC... 1.060. 1.000. 1.004. 2.466
EntVal. 132.62. 48.30. 22.57. 44.06
BookVal. 17.10.. 9.74.. 6.30. 17.45
Pri/BV... 7.32.. 4.96.. 3.57.. 1.02
CF.'02... 7.95.. 1.87.. 1.75.. 8.95
CF.'03... 8.35.. 1.90.. 1.95.. 8.85
EV/CF2.. 16.68. 25.83. 12.90.. 4.92
AR:3BVCF 38.64. 40.72. 31.80.. 7.98

Three of these are particularly expensive,
but MMM's high Price/BookValue of 7.32 is notable
- - -
Posted at 01/2/2003 22:16 by goodfella
With the Dow largely dependant on MMM and its massive weighting in the Index it is rather ironic that MMM incorporated in 1929 at the time of the Great Wall Street Crash will be the stock that leads the Dow to its ultimate collapse in the crash of 2003.

When MMM collapses the Dow will follow.

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