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MAG, MAGMATIC RESOURCES LIMITED
blacksheep
post Posted: Nov 18 2019, 01:22 PM
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In Reply To: nipper's post @ Nov 17 2019, 05:28 PM

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: nipper  
 
nipper
post Posted: Nov 17 2019, 05:28 PM
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And now
QUOTE
Magmatic Resources Limited (ASX:MAG)

With several heavy-hitters in its corner, Magmatic Resources has been on an upward trend since listing in May this year.

MAG has four advanced projects in the historic and highly prospective East Lachlan Fold Belt in NSW. It purchased these assets from the $41 billion Gold Fields Limited, the world’s seventh largest gold producer.

Interestingly Gold Fields remains a major 20% shareholder illustrating how valuable these assets may be and considering it has successfully spent $13.5 million exploring projects in the region, MAG has picked the right partner, in what looks to be the right place.

MAG has a very busy schedule to round out this quarter and recent news from the MAG camp would have both companies looking forward to imminent assay results.

Results released in October are highly encouraging and there are more to come over the following weeks and months, including results from its Parkes project which is backed by its other heavy-hitting partner JOGMEC, a division of the Japanese government.
https://www.nextminingboom.com/company/mag/

...and MAG has been on a roll, of late.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Nov 28 2017, 06:24 AM
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whoops (need coffee!)



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
marathon
post Posted: May 25 2006, 01:56 PM
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MAG is to be delisted following takeover by MPET

Goodbye MAG.
You had early discoveries in your career which gave you a great run .At the end with the $20 million in cash MPET moved in.
Thanks for providing the opportunites .

marathon


 
marathon
post Posted: May 5 2006, 06:32 AM
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Self congratulations

Press Release Source: TM Capital Corp.


M&A International Member Firms Complete Magellan Transaction
Thursday May 4, 12:12 pm ET
Unprecedented Successful Cross-Border Unsolicited Exchange Offer for a Mid-Sized Company


NEW YORK, May 4 /PRNewswire/ -- TM Capital Corp. of New York and Atlanta and Baron Partners of Sydney and Adelaide Australia today announced the acquisition by Magellan Petroleum Corp. (Nasdaq: MPET - News) of over 90% of the shares of Magellan Petroleum Australia Limited (Australia Stock Exchange: MAG) via an unsolicited cross-border exchange offer. Attaining this level enables Magellan Petroleum to proceed with a merger to achieve 100% ownership of its previously 55%-owned affiliate, creating a unified ownership and management structure which is expected to enhance shareholder value.
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TM Capital and Baron Partners served as joint financial advisors to Magellan Petroleum Corp. and are fellow members of M&A International, Inc., the leading global alliance of merger and acquisition advisory firms.

The transaction was completed via a cross-border unsolicited exchange offer in which Magellan Petroleum offered to exchange 0.75 of its common shares and A$0.10 for each Magellan Petroleum Australia Limited ("MPAL") share, valuing the entire equity of MPAL at approximately US$80 million. Despite initial opposition from the Independent Directors on MPAL's Board, the offer was overwhelmingly accepted by MPAL shareholders, and the Independent Directors ultimately revised their recommendation in favor of the offer.

Walter McCann, Chairman of Magellan Petroleum Corp., said, "We selected TM Capital and Baron Partners to complete this important assignment because we believed that, as M&A International members, they would work together seamlessly to complete this complex cross-border transaction. We could not be more pleased with the successful outcome they have achieved for our company."

W. Gregory Robertson, President of TM Capital, said "We believe this transaction stands as the only successful unsolicited cross-border exchange offer for a mid-sized company in recent years. This complex transaction required specialized expertise in multiple regulated securities markets, uniquely demonstrating the power of the M&A International alliance to achieve clients' goals."

Paul Young, Executive Director of Baron Partners, said "We joined M&A International with the goal of enabling mid-sized clients to complete complex cross-border transactions throughout global markets, and we are pleased to have helped make this opportunity a reality."

Magellan Petroleum Corp. is engaged in the sale of oil and gas and the exploration for oil and gas reserves in Australia, New Zealand, the United Kingdom and Canada.

TM Capital Corp. is a New York and Atlanta merchant bank founded in 1989 which has completed over 130 mergers, acquisitions and financings for clients totaling over $7 billion in value. TM Capital has been a member of M&A International since 1994.

Baron Partners is a Sydney and Adelaide merchant bank specializing in providing mergers and acquisitions advice to mid-cap publicly listed companies. Since its establishment in 1987 Baron has completed over 200 transactions totaling over $3 billion in value. Baron has been a member of M&A International since 1995.

M&A International is the world's leading alliance of merger & acquisition advisory firms focusing primarily on mid market transactions. With 41 firms in 35 countries, M&A International members completed 271 transactions in 2005 with a total value of US$21 billion.




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Source: TM Capital Corp.




 
marathon
post Posted: May 4 2006, 11:46 AM
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In reply to: albion on Monday 01/05/06 09:35am

It's all over Red Rover-Mpet now hold 90.01% of MAG.

 


albion
post Posted: May 2 2006, 02:40 AM
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In reply to: sarah on Monday 01/05/06 01:15pm

Accepted the offer a few weeks back.Once this all settles down am expecting a good move in MPET share price. Was always interested why their shares were at over US$4.00 June last year with 51% of MAG. What level once they get 100%? Think US investors will like the 100% ownership and earnings. Would still like to know what MPET's future plans are once they get the 100%. any ideas?

 
sarah
post Posted: May 1 2006, 01:15 PM
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In reply to: albion on Monday 01/05/06 09:35am

QUOTE
will I have the honor of playing the "last post" for Mag?


If you are still to respond to the MPET offer you are most likely to have the last post as a MAG die-hard.

I guess we can continue posting here for MGN once MAG is delisted.

@1:15pm
MAG trading @ $2.01
MGN @ $2.75
How come – die-hard MAG holders taking the easy way out??


 
albion
post Posted: May 1 2006, 09:35 AM
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In reply to: marathon on Friday 21/04/06 09:46am

Marathon/Sarah will I have the honor of playing the "last post" for Mag?

 
albion
post Posted: Apr 26 2006, 12:51 PM
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In reply to: marathon on Friday 21/04/06 09:46am

Looks like its curtains for MAG now. Expect MPET to get over 90% soon and MAG delist. Think US investors will give a more realistic value to the company once things settle down to full ownership. This might take a little as US buyers that bought into at the A$1.43 mark are sitting on very good profits.

 
 


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