Oriel Resources Share Discussion Threads

[adam] 03/10/2006 17:12

There's a July presentation on the site I was not aware of.

Also I note one of the NEDs is a reincarnation of Bob Monkhouse

[flagon] 03/10/2006 16:50

Oriel have a new look website.




Flagon

[grgkecer] 03/10/2006 09:56

ghent

They're still trading on TSX - last trade @ C$0.90.

[ghent] 03/10/2006 09:38

Has anyone any idea when ORI are likely to resurface on the market ? Any thoughts on price ?

[flagon] 29/9/2006 16:57

Results out -




On 14 September 2006, trading in the Company's shares was suspended on the
London Stock exchange - AIM. The shares continue to trade on the Toronto Stock
Exchange. The reason for the suspension was a result of market rumour and an
announcement by the Company that it was in a advanced stage of discussions
relating to a transaction that if completed would result in a Reverse Takeover
of the Company. Management is currently working very hard to conclude these
discussions at which point an announcement will be made which will clarify the
position.


Lots of good stuff in the results. Whether or not Oriel is taken out I think we're on to a winner here IMHO. Offtake agreements and financing to be completed before year end. In addition they have been granted further prospective rights. Plus lots of other goodies.

Anyway, good weekend all.


Good luck,


Flagon

[brad1] 29/9/2006 16:38

would't want to see these taken over for less than 60p.

[flagon] 26/9/2006 15:52

According to previous history Oriel should have results this week. Wonder if we will get some sort of update regarding the takeover ? Probably not but you never know.


Good luck,


Flagon

[adam] 25/9/2006 14:21

grgkecer - have you heard that on the grapevine or just idle speculation?

[grgkecer] 25/9/2006 12:58

How unhappy will Thyssen Krupp be to see Oriel go to Abramovitch? Enough to make a counterbid?

[adam] 23/9/2006 22:08

Doubt it will be much before Christmas, though one article suggested it could be a few weeks. It might not happen too!



I would be disappointed with 70p if it is all cash as I think the upside would be greater if Abramovich and IST merged and floated their business rather than an all-out cash-bid. I think there would be huge institutional interest for such a play.

[unionhall] 23/9/2006 21:00

Hope they hurry up....

[adam] 23/9/2006 20:23

Some snippets...



The above "Viktor change mountain" is a poor translation of "Viktor Wechselberg"


Some big palyers... could be fun...

[f430] 21/9/2006 00:01

Apologies, that was meant for another thread, pls ignore

[f430] 20/9/2006 23:59

Nabeel4975, why did you 'moderate' my last message? It wasn't rude or offensive (unlike some of the stuff I have seen on here) Is it that some don't like to hear words of truth?

[f430] 20/9/2006 22:49

Excuse my late arrival on the thread but has anyone noticed that RAB own 19% of this company? If deal goes thru that would presumably be good for RSS, which hasn't moved...follow my drift??

[adam] 19/9/2006 15:49

It states that the Oriel stock (a stake?) to be sold on to Roman, but it sounds like shares will be issued for aquiring some of Roman's assets. It's not clear exactly what, but there does appear to be a willingness to combine assets and stay listed. This would put it up a league in terms of m/cap. We'll have to wait and see. Voskhod was acquired by issuing Oriel shares at 50p in Jan 2005. Since then Nickel has tripled, chrome is also tight and they have increased the resource size and mine plan. £1/share would seem more appropriate then conveniently valuing Oriel at $400m+. This would not be an over-valuation given Voskhod would be the 3rd biggest chrome producer in the world, let alone the potential for Schevchenko in current environment to players such as IST/Evraz et al...

[adam] 19/9/2006 15:19

unionhall - hopefully an irrelevance.

My understadning is that combining Voskhod ("Rising") with IST's plant, then selling on stake to Abramovich. What happens to Schevchenko is not clear, but valuation mooted is $400m. Compare with IFL.L where plant not built, and not as good quality cheap ore to mine. Compare current m/cap of C$100m for Oriel (i.e. Voskhod + cash + Schevchenko). One of my relatives speaks some Russian and this is his translation of the relevant para


Para 2: "B", a source close to the shareholders of IST, stated that the group is holding discussions with the British Oriel Resources, PLC about the acquisition of their interest in the chromic iron ore of Voskhod. Discussions have been going on for about half a year and are approaching conclusion. The partner of Mr. Nesis in this transaction is the financier Alexander Mamut who led the negotiations with the Englishmen. "The possibility that he will receive a share in that project cannot be excluded", confirmed our source, nik "B", who is familiar with the details of the transaction. A second source, "B", said that the deal may be closed "within months or even weeks". According to him, the cost of the assets with the book value of the reserves at the time of its purchase Oriel amounted to $400 million and the current buyer is "familiar with these numbers".
Other details of the transaction were not revealed.
The deposits of Voskhod are located in the town of Chromtau in the region of Aktiubinsk. In 2004 international consultants confirmed the presence of chrome ore in the quantity of 18.7 million ton with the content of 46.22% chromite.the deposits lie at depths of 30 and 440 meters. Three kilometers from Voskhod lies the Don Ore Processing Plant of "Kazchrom" of Alexander Mashkevich, the largest in the world.

[unionhall] 19/9/2006 15:06

trading at 94c in canada at the moment - about 45p.

[wassapper] 17/9/2006 21:55

Mention in Minesite round up from Russian sources ..

[borisbarna] 17/9/2006 20:30

SUNDAY EXPRESS

*President of Kazakhstan has hire the chief executive of Numis (NUM.L) to brush up the country's reputation as a modern financial centre.

[adam] 17/9/2006 16:58

Machine translation for article in Kommersant dated 13th Sept 2006
Found this on

METALLURGY
Group IST will dig in Kazakhstan
Alexander Nesis buys a deposit hromitov "Rising"
ELENA KISELEVA, MARIJA CHERKASOVA
How it became known??, the group of companies IST under control to businessman Alexander Nesisu, negotiates with British Oriel Resources Plc for purchase of the deposit located in Kazakhstan hromitov "Rising". Experts approve, that, despite of high transport costs, IST can receive cheap raw material for entering in group Tikhvin ferrosplavnogo a factory.
How has informed?? The source close to shareholders IST, group negotiates with British Oriel Resources Plc for purchase of a deposit belonging it hromitovyh ores "Rising". « Negotiations go about half a year and are already close to end. The partner of mister Nesisa in this transaction is financier Alexander Mamut who negotiated with Englishmen. It is not excluded, what it will receive a share in this project »? Approves sobesedznakomyj? With details of the transaction, nik?. The second source??, has told, that it can be closed « within a month or even week ». As he said, cost of an active in view of cost of stocks during the moment of its purchase Oriel made the order $400 million and the present buyer « is guided by these figures ». Other details of the transaction do not reveal. the Deposit "Rising" is in the city of Hromtau of the Aktyubinsk area. In 2004 the international advisers have confirmed presence hromitovyh ores in volume 18,7 million tons with the maintenance hromita in 46,22 %. Deposits are located on depth of 30 meters and 440 meters. In three kilometers from "Rising" the world's largest chromic mine of the Don GOK belonging company " Êàçõðîì " of Alexander Mashkevicha is located.
The group of companies IST is created in 1991. After sale of companies " Polymetals ", "Interterminal" and the Baltic factory the largest actives of group became the Tikhvin factory of transport mechanical engineering "Titran", Íîìîñ-bank and the Brotherly factory of ferroalloys. Owners of group are Alexander Nesis, Alexey Gudajtis, Michael Ushakov and Nikolay Dobrinov.
In opinion of experts, the purpose of this purchase is reception of a source of raw material for Tikhvin ferrosplavnogo a factory. Even in spring IST has declared intention to complete this enterprise which designed capacity will make 135 thousand tons ferrohroma. Initially group IST planned to extract raw material in Kareliya, however during studying deposit Aganazerskoe was found out, what its development is too expensive? Deposits hromitovyh ores have appeared at the bottom of lake.
Participants of the market speak what to carry ore more favourably from Africa, than from Kazakhstan, because of high transport costs. By estimations of experts, mister Nesisu should pay $25? 40 for ton of the concentrate transported by rail. But experts consider, that these expenses are non-comparable to that effect which will be received by the company from purchase of "Rising". The basic charges ferrosplavnyh factories in Russia have just on purchase of raw material. In particular, at Kljuchevskogo a factory of ferroalloys in structure of the cost price ferrohroma 77,8 % are necessary just on raw material. « And in view of what the price on ferrohrom makes $15,8 thousand for ton, expenses IST for transportation will not play the big role »? Analyst UBS Alexey Morozov explains
Source? In one of federal departments? Approves, that group IST already searches for sources of financing for development of "Rising" and even has prepared the application in recently created Russian-Kazakhstan Euroasian bank of development (EARB) with the request for allocation of the credit at a rate of $70 million As he said, this money will go on construction of a branch line to a deposit. Thus chapter EARB Igor Finogenov is closely connected with group IST. In the spring the Íîìîñ-bank has promulgated the investment memorandum according to which 22,18 % of actions of bank are supervised by group IST, and 17,44 % belong to Igor Finogenovu, the ex-president of this bank.
In EABRe?? Yesterday have declared, that know nothing about the application of group IST: « Such application in bank did not act and was not considered. At the same time the bank will closely study any investment projects which realization corresponds to strategy of its development and the authorized purposes. That is first of all what are directed on a deepening of integration on the postSoviet space ». In group IST yesterday from comments have refused.

[dashwood2] 15/9/2006 15:44

Daily Mail:

Russian Billionaire Roman Abramovich may become a major backer of AIM quoted miner Oriel Resources if takeover talks are successful. Oriel's shares were suspended at 37.5p in London as it confirmed 'advanced stage' talks on a reverse takeover. That followed leaks in Moscow suggesting Abramovich might back a bid. Those close to the negotiations say if a deal is agreed, it would lift Oriel into the big league.