prescribed asset status Under Zimbabwe financial regulations, the investment portfolios of certain classes of investors, including pension funds and insurance companies, are required by law to contain a minimum percentage of prescribed assets.The Bonds status as prescribed assets is advantageous in that it should enhance the appeal of the bonds to such classes of investors given that there is generally a limited supply of prescribed assets available for investment. The country and commercial risk will be taken up by the guarantor so there is huge appetite for MWAs bondsimo
Re: BNC bond issue and Prescribed Asset stat... Cautionary statement21 November 2014The Directors of Bindura Nickel Corporation Limited wish to advise all shareholders that the Company plans to restart its Smelter, a project that will significantly improve the prospects of the business. To this end the Company will seek funding for the project via the flotation of a fixed term debt instrument.In the meantime, the Directors therefore advise the Shareholders of Bindura Nickel Corporation Limited and the public to exercise caution when dealing in the shares of Bindura Nickel Corporation Limited.
BNC bond issue and Prescribed Asset status 98) Options PRN Nov 21 2014 070
9No related Bloomberg headlines currently availableMWANA AFRICA PLC: BNC bond issue and Prescribed Asset status 91) ☆ ("Mwana", the "Group" or the "Company"
BNC bond issue and Prescribed Asset statusMwana is pleased to announce that its 74.73% owned subsidiary, Bindura NickelCorporation Limited ("BNC"
has been granted Prescribed Asset status ("PAstatus"
by the Minister of Finance and Economic Development of Zimbabwe and asa result, will shortly be seeking funding through the marketing of a fixed-termdebt instrument (the "Bond"
to help fund the restart of the Bindura smelter.The Bond has been accorded PA status meaning that Zimbabwean asset managers arerequired to invest a certain minimum percentage of their assets undermanagement into prescribed assets. We will provide further details on the Bondin due course.A 12-month accelerated restart plan was independently reviewed by Hatch Gobaearlier in 2014.
the impact of a smelter The move towards production and sales of nickel leach alloy rather than of nickel in concentrates has as its goals an improvement in the companys revenue and a reduction in the costs of transporting the final product. The cost of operating the smelter is estimated to be more than offset by the higher revenue per tonne of nickel in alloy than in concentrates.The smelter will have the capacity to process metal concentrates from other producers as well as the possibility to bring Hunters road back to live as well as to recover other profitable by-products such as platinum group metals and cobalt.From a financial point of view you should expect that smelter will add 12million US$ to the bottomline of this company on an annual basis. imo
"multi million dollar" order! DCD Media-owned indie September Films has won a game changing commission from US broadcast network The CW for magic format Penn & Teller: Fool Us.The multi-million dollar order is a major boon for DCD Media, which reaffirmed its commitment to production despite agreeing to sell Glasgow-based indie Matchlight in September.The CW, which airs dramas including The Vampire Diaries and Flash and reality competition Americas Next Top Model, has ordered a second series of the 13 x 60-minute magic series to air in 2015 with production expected to start early next year. It previously acquired the first series of the ITV-commissioned show.The show features Penn & Teller inviting aspiring magicians performing tricks to try and fool them. Anyone who fools the pair wins the right to perform in Las Vegas.It will be produced by September Films and 117 Productions.Penn & Teller: Fool Us originally aired on ITV in 2011 and was presented by Jonathan Ross. However, it generated lower than average ratings for the commercial broadcaster across its eight-part run. ITV has no plans to co-produce or acquire the latest version of the show.DCD Rights will distribute the series outside of the US and chief executive Nicky Davies Williams said that the deal provided the distributor with an active US production to market globally.Cutting EdgeMeanwhile, DCD-owned Liberty of London indie Rize USA has won its second factual commission in a week after Channel 4 ordered a digital dating doc for its Cutting Edge strand.Love At First Swipe (WT) will explore the world of online dating apps and their prominence in 21st century living, transforming the face of British dating. It will investigate whether apps like Tinder are becoming the essential tools to find love, or just simply to hook-up
look ami, lond, pog, they all got huge nav and their sp still go down and even administration and suspension, achl is just the same aim and own by chinese
Re: Corporation Action Vote 18th Nov On The 12 November I Received this e mail from Fidelity my crest sponsorMicro Focus International - Ord GBP0.135416 (to become GBP0.10)Return of Capital and Consolidation - Update We are writing to let you know that further to our last email to you, the company has announced that the record date for the proposed return of value of 60 pence per share has been postponed until further notice. It is currently envisaged that the revised payment date will be no later than the 8th December 2014. The return of value will be accompanied by a share consolidation on the basis of 0.9285 new ordinary shares for each existing share held. In the meantime, if you require any further information or assistance then please do not hesitate to contact us.Regards,ShareNetworkWhich led me to belive it was held up for a future date.
Re: stg P.S no buy rec from me, please sell so I can grab more on the cheap!
Re: stg The more I research on this the more I'm liking it, this indeed i's looking huge, the only reason they stopped mining this in the past was because because Gold at the time was around $450 an ounce (i.e. uneconomical at the time), where as now its well over double that and not a chance it would fall anywhere as close as that level so whatever they find is highly economical now, the other reason was diminishing quantities of welsh gold which now falls down to this survey to sure up the extent of the resource potential, once confirmed, the price would be stratospheric though there already talking about 250,000 - 500,000 so bodes very well for good results and not long to wait!.........Cracking experienced board members both on GMOW and STG side (GM at GMOW having worked at Rio Tinto and Anglo-American in Africa) and of course amazing grades thus far, I don't think I've ever seen any as good. Gonna be a gripping week for this one!
Telegraph take on todays Clogau news. [link]
Daily Mail ( Reuters) Nov 20 (Reuters) - African Minerals Ltd said it was seeking to sell a part of its stake in the Tonkolili mine in Sierra Leone as it was uncertain when its partner, Shandong Iron and Steel Group, would release $102 million in restricted cash for the project.African Minerals, which is struggling to shore up its finances, said it was unlikely to find alternative sources of funding in the near future.The company, which owns a 75 percent stake in the project, also said on Thursday that structuring a new debt facility with Standard Chartered Bank was not currently possible. (Reporting by Esha Vaish in Bangalore; Editing by Simon Jennings)[link]
Re: 1p today Sorry YB (and this is another YB speaking!) ...But your shareholder analysis is wrong in one respect that I am aware of.JIM Nominees is Jarvis Investment Management Nominees, which is the vehicle through which the holdings of all ordinary PIs (myself included) who use Jarvis or Share deal Active to trade their shares will be held - it's just a nominee acount as the name implies. So there's 18.5% of the market cap that is in fact in totally free float.I'm sure the same applies to some of the other nominee accounts you've listed. Google the names and you will see - just Pis who don't have their shareholdings registered direct with the companies - it eases online dealing.
Re: ...problem is..... It's over for equity holders.
Re: News Well no idea what and this needs to 10 bag from here just to get me to break even but something is afoot with the vol and value today
Re: down down down it'll just as quickly be up up up
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