Natasa Min Share Discussion Threads

[shareladder] 07/6/2011 14:20

UMC (UEP.L) up 14.8% today.

[jay083] 07/6/2011 12:33

as far as I can make out from the fy results nav of ~$56m (~$30m cash, $23m listed securities) - the value apportioned to the UMC stake was $3.066m (£1.88) but at today's bid of 3.5 would value the stake at £7.14m making current nav £39.6m or about £1.35 a share.

Can anyone confirm as I was a little confused as to whether the equity stakes in the subsidiary and Universal coal had been accounted for in the nav figure of $56m?

[b2l] 07/6/2011 09:36

NOTICE OF ANNUAL GENERAL MEETING
Notice is given that the Annual General Meeting of shareholders of Natasa Mining Ltd will be held at Ground Floor, 11 Albemarle Street, London W1S 4HH, United Kingdom at 10.30am on 29 June 2011 for the purpose of conducting the business of the Meeting as itemised.
NB: The Company's 2010 Annual Report is available on its website www.natasamining.com.
BUSINESS OF THE MEETING
Ordinary Resolutions.
1. To receive and consider the income statements, statements of comprehensive income, statements of financial position, statements of cash flows and the reports of the Directors and Auditor for the twelve months ending 31 December 2010.
2. Mr. C. Kyriakou retires as a Director in accordance with the Articles of Association of the Company and, being eligible, offers himself for re-election.
3. Mr. C. de Chezelles retires as a Director in accordance with the Articles of Association of the Company and, being eligible, offers himself for re-election.
4. Mr. I. Mann retires as a Director in accordance with the Articles of Association of the Company and, being eligible, offers himself for re-election.
5. Mr. J. Reynolds retires as a Director in accordance with the Articles of Association of the Company and, being eligible, offers himself for re-election.
6. That, in accordance with AIM Rule 8, the Company seeks the consent of its shareholders for its investing policy of being an investment company in the mining finance industry with a focus on pre-production emerging resource opportunities. The Company's principal focus is on opportunities located throughout the world. Natasa's policy is to be an active investor and:
 locate prospective resource investment opportunities;
 negotiate terms with the current title holders, including the taking of an appropriate equity position;
 develop the resource opportunities in which Natasa has invested to the point at which they are suitable for floating into separate listed or unlisted entities (for example, through funding feasibility studies);
 manage the subsequent development of the resource to achieve positive cash flow returns (either alone or in partnership through outsourcing to other entities);
 there will be no restrictions on how long investments are likely to be held or how much of the Company's assets will be invested in any single investment; and
 depending on investment performance, returns to shareholders may include dividend payments and capital appreciation.
By order of the Board
J B Maguire
Company Secretary
3 May11

[shareladder] 07/6/2011 09:25

Beat me to it Liars. Put notice up on shareladder.com blog. I also couldn't find the info on their site yet.

[b2l] 07/6/2011 09:03

b2L - 22 Feb'11 - 14:13 - 616 of 778 edit

maybe they will do such repayments every year now .. instead of dividends ... or share rising ..

well 20p/s every year would be ok
they now have something about 50 Mln USD cash + the stake in UNV + UMC

29 Mln shares*20p -> 5,8 Mln GBP --> 9,4 Mln USD

why not ?
-------------------------

:)

[hugepants] 07/6/2011 08:14

I think its even more of a buy now. 35 cents is 21p per share. Once thats returned there will be about 85p of cash + financial assets left. Plus the 80% stake in UEP whatever thats worth. If the share price drops by 21p after the distribution it will be 45p which is too low.

[liarspoker] 07/6/2011 07:09

Natasa Mining Ltd

("Natasa" or the "Company")

Notice of Extraordinary General Meeting

The Directors of Natasa announce that a notice of Extraordinary General Meeting ('EGM'), to be convened for 11.15am on 29 June 2011, at Ground Floor, 11 Albemarle Street, London W1S 4HH, United Kingdom, has been sent to shareholders.

The purpose of the EGM is to seek shareholder approval for a reduction in the Company's share capital and a capital repayment of 35 US cents per share on the Company's presently issued 29,241,951 fully paid ordinary shares of no par value, totalling US$10,234,682.85.

The notice of EGM and form of proxy, together with an explanatory covering letter from the Company, has been posted to shareholders and can be downloaded from the Company's website at www.natasamining.com.


Edit: Can't find documentation on website. Maybe later today.

[hugepants] 06/6/2011 12:56

Looks good value again at 62.5p to buy. Got a few today and friday. Also the UEP stake is worth 20p a share based on the current UEP share price.

[ducatiman] 15/5/2011 10:50

continuing to defy logic, must have about £31m cash now. Perhaps the papua new guinea petro licences will inject some reality into the share price

[ducatiman] 03/5/2011 18:06

Anyone going to the agm? Don`t think they are expecting a big crowd.

[ducatiman] 27/4/2011 07:57

wonder if we will see any big buys in uep as the share price seems to be climbing on no buying, intriguing. Must be some big buy orders in but mms are not getting sellers.

[ducatiman] 26/4/2011 17:04

bones, and well bid! Nothing here as yet but looks like someone knows umc option is a good one so we will eventually benefit. tic toc.

[bones30] 26/4/2011 16:56

UEP up 7%.

[bones30] 20/4/2011 15:34

my first mi11ion - 20 Apr'11 - 15:33 - 768 of 768 (Filtered)

[ducatiman] 20/4/2011 12:18

tomboy, they are obliged to deal in 1k at touch, not much is it? Suppose that is part of the problem, very illiquid with small freefloat makes it very difficult to accumulate.

[tomboyb] 20/4/2011 12:14

Clearly it is the PNG option. Have you tried buying NSN. I can't buy £500 squids worth.

[ducatiman] 20/4/2011 11:57

The PNG option is obviously creating excitement at uep so could be the catalyst here. Happy that they seem to be thorough in their due diligence and when they do a deal it will be a good one.

[sideshowbull] 20/4/2011 11:26

All good and even better with cash confirmation. Not an easy one to build a stake in too. Happy days.

[bones30] 20/4/2011 11:22

Daytraders, that's interesting. Thanks.

I guess we're quite exposed to the aussie dollar too, which could come down against the pound?

[daytraders] 20/4/2011 11:20

bones - Last time i spoke to John Maguire and ask that question, he said the market dont like cashboxes, until they start investing the $50mill cash i exspect were stay where we are, but at least were in before the up turn!

[daytraders] 20/4/2011 11:13

They must have read my posts yesterday about quartley activity, RNS out!

[bones30] 20/4/2011 11:10

Baffled franky, yesterday someone sold 10k of these for 67.7p, when they look like being worth well over 150p.

Does the market worry they may spend the money on something which isn't going to do well?

[bones30] 20/4/2011 11:07

Loans and borrowings... just found it.

[ducatiman] 20/4/2011 11:05

bones, look at total liabilities in the results, about $200k from memory.