monoply Posted January 18, 2005 Share Posted January 18, 2005 In reply to: anne on Monday 17/01/05 06:29pm pre open again Link to comment Share on other sites More sharing options...
BSA Posted January 18, 2005 Share Posted January 18, 2005 In reply to: monoply on Tuesday 18/01/05 11:13am Results of SBMs buy back offer. Link to comment Share on other sites More sharing options...
BSA Posted January 19, 2005 Share Posted January 19, 2005 Strata Mining (STT) becone 15% holder http://www.ShareScene.com/html/emoticons/rolleyes.gif Link to comment Share on other sites More sharing options...
kiril Posted January 19, 2005 Share Posted January 19, 2005 In reply to: BSA on Thursday 20/01/05 09:04am BSA... seems there is a lot of interest of late in NMC. Possible take over target for Strata? Pour commencing this year..... Aim to start paying dividends.... Funding by Westpac in place..... They could rap her up for 10 cents a share.....BARGIN!!!! What do you think? Kiril Link to comment Share on other sites More sharing options...
BSA Posted January 19, 2005 Share Posted January 19, 2005 In reply to: kiril on Thursday 20/01/05 10:22am Ah now I see, Strata had an interest in SBM, and in line with the buy back they shifted into NMC. Link to comment Share on other sites More sharing options...
Grebmoolb Posted January 19, 2005 Share Posted January 19, 2005 QUOTE (kiril @ Wednesday 19/01/05 11:22pm) Hi kiril, Strata Mining at 3.1c have a market cap of only $0.79 million, NMC at 6.2c have a market cap of $14 million - this would indeed be a brilliant reverse takeover don't you think, no chance of course. Link to comment Share on other sites More sharing options...
kiril Posted January 20, 2005 Share Posted January 20, 2005 Nice point Grebmoolb. Perhaps a few of us should get together and buy Strata....and then we would own 25 odd percent of NMC. Re your comments......some thought it was a bold move with little old Burns Philp buying Goodman Fielder......but it happened. Have to agree with you though. Kiril Link to comment Share on other sites More sharing options...
Grebmoolb Posted January 20, 2005 Share Posted January 20, 2005 QUOTE (kiril @ Thursday 20/01/05 12:25am) Hi kiril, having looked further into Strata Mining they do seem to be a confident super minnow. Their purchase of Elard when completed would increase their market cap. by up to $3.7 million with options included. The reason for Strata's low market cap may be the overheads with a recent passing of the maximum $300,000 per annum directors salary proposal. Would they dare offer shares in Strata Mining for NMC., - having followed Miller for a while nothing is impossible in his eyes - what's he up to though ? Link to comment Share on other sites More sharing options...
ohmyme Posted January 20, 2005 Share Posted January 20, 2005 In reply to: Grebmoolb on Thursday 20/01/05 09:52am I think you will find that at 6.1c NMC has a market cap of around $61million. There are around 1billion shares on issue. Not sure where you pulled 14million from. Link to comment Share on other sites More sharing options...
Grebmoolb Posted January 20, 2005 Share Posted January 20, 2005 In reply to: ohmyme on Thursday 20/01/05 12:51am Hi ohmyme, that's what happens when I trust investorweb without thinking or checking properly - thanks. The market cap of NMC is indeed $61 million and the market cap. of Strata Mining including Elard is about $16 million. Strata own about 15% of NMC, SBM own 16% of NMC ( Claymore Capital have an option on 9% of these ), and Ocean Resources obtain 4.3% of NMC on the SBM conversion. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now