Murchison United Nl Share Discussion Threads

[foofighter100] 06/3/2002 11:46

According to MUU website the half yearly results came out out last year on the 12th of March. Do we think that will be similar this year. If it does it makes it sometime at the end of next week, same time you guys are talking us back to the market. Interesting!!

[foofighter100] 06/3/2002 11:46

According to MUU website the half yearly results came out out last year on the 12th of March. Do we think that will be similar this year. If it does it makes it sometime at the end of next week, same time you guys are talking us back to the market. Interesting!!

[defomaybe] 03/3/2002 17:26

early to mid march,[it says here!]

[yogro] 02/3/2002 07:45

What's the story. Anybody, when are we back on line?

[yogro] 20/2/2002 14:36

No news till bedtime, how long before I can get rid of these buglers.

[foofighter100] 06/2/2002 22:44

Cheers for that, now I'm all clued up. However it says in the report that the bill for the new mine will be funded by through equity, does this mean a rights issue?

[ducatiman] 06/2/2002 22:21

foo, try clicking on news at top of page.

[foofighter100] 06/2/2002 15:06

Can anyone help, I'm trying to download the Quartley report from the muu website but it won't work, also tried minesite.com but had no luck there either. Can someone paste the main points or all on this board.

Cheers and Good Luck.

[eugene1234] 05/2/2002 00:15

BG appointed see rns

[ducatiman] 05/2/2002 00:01

perthneil, perth WA?

[perthneil] 04/2/2002 11:51

Ducatiman. At last some good logic coming out of the U.K. Paul Atherly is the man who can reward patient share holders.

[yogro] 03/2/2002 00:57

ducatiman, the appliance of logic is not only boring is is also potentially
very costly, use the force.

[ducatiman] 02/2/2002 13:45

yogro, lol. Have no worries mate. Virtually no trading on asx, re list will give them a boost, as the institutions having digested the deal, jump on board. Rising tin and copper prices will also help. If Atherly can do for NC what he did at RB then £1.50 is a possibility, keep the faith.

[ducatiman] 31/1/2002 11:32

yogro, they have dropped on the asx since the rns, doohhh.

[yogro] 31/1/2002 11:26

Good news at last. I can't wait to get rid of mine, anything above 48p would be nice.

[defomaybe] 29/1/2002 20:52

news on www.murchisonunited.com.au/

[yogro] 28/1/2002 10:54

Whatho,
I bet your'e all wrong probably 32p with a shamrock.

[jda] 27/1/2002 17:59

The announcement says that the suspension will be lifted on AIM when the Information Memorandum is lodged,I assume by this that it is not this press release but the one still containing the details of the funding sent out to shareholders which will be sent out in due course.I think lifting of suspension is still a week or two off.
However my belief is that when it returns it will come back at a least 50p-and because the markey for the shares is bigger in the UK than AUX will be heavily traded (perhaps volatile for a day or two) but with management fund buying now that the deal is concluded my belief is it will continue to climb.

[ducatiman] 27/1/2002 11:12

Public holiday in WA tomorrow, can anyone confirm asx open?

[ducatiman] 25/1/2002 20:32

About to relist on aim, see todays rns. Not a trading opportunity as they are not on crest but certainly a superb growth opportunity. Will be interesting to see how they open on the back of todays news. The rising copper price should help. Any views?

[ducatiman] 25/1/2002 14:37

Should be re listed monday. Any guesses as to opening price, I`ll go for 45/48

[sharestriker] 25/1/2002 14:21

RNS Number:5311Q
Murchison United NL
25 January 2002


ASX, AIM and Media Release

25 January 2002


MURCHISON SECURES RIO TINTO'S STAKE IN NEVES CORVO

________________________________________________________________________________


Murchison United NL (ASX:MUR, AIM:MUU) today announced that it had finalised
agreement for the acquisition of Rio Tinto's 49% interest in Sociedade Mineira
de Neves Corvo, SA ("Somincor"), the holding company for the Neves Corvo copper
mine in Southern Portugal.


The Company will fund the revised acquisition price of US$78 million through a
combination of a debt facility, a deferred consideration facility from Rio Tinto
and an equity raising.


At completion, Murchison's Managing Director, Paul Atherley, will work closely
with the Somincor management team in unlocking the full potential of this
important operation.


Under the terms of this agreement with Rio Tinto, the Company's acquisition of
the 49% interest is no longer conditional upon it acquiring an interest from
Empresa de Desenvolvimento Mineiro, SA ("EDM"). The Company's bid to acquire
EDM's interest in Somincor under a public sale process was submitted in December
2001. The appointment of a caretaker government has resulted in a delay to
future tenders until some time after the Portuguese General Election which has
been called for March 17, at which time it is expected that the tender process
will be re-launched.


An Information Memorandum containing full details of the Company's acquisition
of Rio Tinto's 49% interest and funding arrangements will be forwarded to
shareholders for their consideration and approval at a General Meeting in due
course. Suspension of the Company's shares on AIM is expected to be lifted
following lodgement of this Information Memorandum.


Neves Corvo, located in the Alentejo region of Southern Portugal, is one of the
world's highest grade copper mines and is regarded as the jewel of the Iberian
Pyrite Belt.


The underground mine was constructed 11 years ago by Rio Tinto and EDM at a
capital cost in excess of US$550 million. It mines and processes 2.0 million
tonnes per annum producing 90,000 tonnes of copper in concentrate for sale to
international smelters. The mine has extensive copper and zinc resources and has
significant exploration potential for additional resources.




Managing Director Paul Atherley commented: "We are delighted to have finalised
the acquisition of Rio Tinto's stake in Neves Corvo as it represents a
significant step forward in our acquisition growth strategy.


The acquisition will dramatically increase our earnings profile and will see us
elevated to the mid-tier of international mining companies.


We look forward to rewarding shareholders for their patience and support by
unlocking the underlying value of one of the world's highest grade copper mines
during a period of rising copper prices.


Shareholders will be provided with full details of the consideration and funding
arrangements for their consideration in due course."

[ducatiman] 25/1/2002 08:57

Creeping up again 95/100

[ducatiman] 22/1/2002 19:18

rns said early 2002. 91/95 now.

[defomaybe] 22/1/2002 17:35

was it mid jan or mid feb atherly predicted back on aim?