penhome
27 Oct 2017
Proactive Presentation Proactive Investors' One2One Mining Forum are organising a presentation which is taking place on Thursday 16th November at The Chesterfield Mayfair Hotel from 6pm. Presenting on the evening will be Berkeley Energia (LON:BKY), Central Asia Metals (LON:CAML), Hummingbird Resources (LON:HUM) & Mkango Resources (LON:MKA).Central Asia Metals (LON:CAML - Market Cap: £276 Million)Central Asia Metals owns 100% of the Kounrad SX-EW copper project in central Kazakhstan. The company's proposed acquisition of Lynx Resources is also expected to complete this year.The combination of CAML and Lynx is expected to provide commodity, geographic and operational diversification which should enable the group to remain well positioned throughout the commodity cycle.Management will be on hand to speak with investors and provide more details on the rationale of the transaction.You can register on this link (maybe need to cut/paste):[link]
penhome
15 Oct 2017
Updated chart I'm positive here - I have a full holding hereGolden cross on daily – looking bullish[link]
charlie51
15 Oct 2017
Re: Reverse takeover True, but at least give the full picture. The same director stills holds 106,058,755 shares following the sale.
Mome Wrath
15 Oct 2017
Re: Reverse takeover "IMPORTANT INFORMATION ON THE PLACING FOR INVITED PLACEES ONLY. Just curious. How come you qualified?
Ripley94
15 Oct 2017
Re: Reverse takeover Massive director sell it appears £ 24,339,512. Couple of days ago.
daverob82
11 Oct 2017
EGM Resolutions Passed A bit of a formality but clears the way for the Lynx acquisition to take place over the next month or two. Synergies should give a little saving for the amalgamation of two low-cost, high-divi companies, but I think that continuity is the key here. Kounrad has a defined life expectancy and Copper Bay, while a viable project, will be much higher cost to run and is one to keep until copper prices improve. I have high hopes for Shuak in due course. Lynx acquisition gives the reassurance of multiple income streams while transition between different projects occurs - it seems extremely prudent to me. I am sure that the company had been looking for other value copper sites but has decided that if nothing appears to offer sufficient value then diversifying gives a better RoI.
Greyinvestor
26 Sep 2017
Doubled up Doubled up today @ £2.27, so let's hope that the management know what they are doing.......
Ripley94
26 Sep 2017
Re: Reverse takeover Did not miss much with Cornhill could pick them up yesterday @ 227p
Bowman
25 Sep 2017
Re: price Well the day is improving, since we are now back to 238/239.5. Hope it continues!Took the advantage of the drop this morning, although did not get the very bottom, and picked up another tranche at 229.75.
Bowman
25 Sep 2017
Re: price The trade data I see on IG indicates that we opened today at 245/249 bid/ask, which correspond to my number 2 price option. However, It seems that a lot of investors are dumping their shares, so the price has now dropped to 225/227 (a 11% drop from the suspension price) indicating that the takeover is not seen in too positive a light.Hopefully the price will stabilise soon, and we can see it moving in the opposite direction!
Ripley94
23 Sep 2017
Re: Reverse takeover Just checked my e-mails ( I'm to busy messing with this share lark )And see i was invited to take part in the fund raise by Cornhill Capital must of been early yesterday before i rang the lead broker i referred to in previous post.R
Greyinvestor
22 Sep 2017
Valuation The way I read this is that the placing price is effectively 236.5p, so this is the baseline for the future. Maybe more like 240p on the trading day.I've never experienced this before, but I assume that you will be able to trade the dividend bearing shares for a few days, then go XD, then the new shares feed into the market and the total number of shares issued......This is a well underwritten issue. Investors clearly like it.Onward and upward......My only concern is the governance environment in Macedonia and Kazakhstan. This must be a very real business risk.
Bowman
22 Sep 2017
Re: price Well there are various price options.1. The remaining shares that were not sold and are in the market could drop to the same price as the shares CAML sold, i.e. 230 + 6.5 dividend = 236.5p.2. The price averages out between the old price (at suspension) and the new disposal price (230), in proportion to the number of shares in each group. I estimate this to be between 244.5p and 248.5 depending how one deals with the dividend.3. The MCap of CAML is increased by £298m (US$402.5) to £580.4m, which when divided by the number of shares (160.7m) gives 361p.What happens after the opening will depend on how the markets perceive the takeover.At least we do not have to wait long to find out. I am hoping for something closer to 3. above, but being an eternal pessimist, I suspect it will be closer to 1.
swiftbird
22 Sep 2017
Result of Placing is Out See RNS Total of 59,755,875 shares placed at 230 pence
DIE HARD 1
22 Sep 2017
price Any ideas what the opening price will be per share
