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Mariana Resources Share Chat (MARL)

MARL Share Chat - RSS Feed

Share Price: 1.925Bid: 1.85Ask: 2.00Change: 0.05 (+2.67%)Riser - Mariana Res
Spread: 0.15Spread as %: 8.11%Open: 1.875High: 1.95Low: 1.875Yesterday’s Close: 1.875


Share Discussion for Mariana Resources


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kalabaster
Posts: 149
Observation
Opinion:No Opinion
Price:1.95
View Thread (2)
RE: so Kalablaster..
Today 09:14
presuming you are invested here, do you not have any concerns re should a a spin off occur?

============================================================

No - non whatsoever .
Present valuation of this project is totally removed from reality.
This is $100-200 million company in the making [Hot Maden ]
Results like we had couple of days ago would see 200% gain in a day on TSX..
I will post Northland`s comments after resource estimate:
NORTHLAND CAPITAL PARTNERS VIEW: The maiden mineral resource estimate of 3moz gold equivalent at a grade of 11.2g/t Au eq. is a spectacular achievement for Mariana Resources. Equally impressive is the narrow time frame in which the Company and its joint venture partner have advanced the project from discovery to this large and high grade resource in just six months. This discovery cost has been an exceptionally modest US$0.83/oz Au eq. In our last note (27.07.15), we compared Hot Maiden with Roxgold’s 90%-owned 1moz Yaramoko deposit that has an average grade of 15g/t Au. As we expected, Hot Maden has now demonstrated itself to be superior deposit. Roxgold currently has a market cap of £99m. Taking into account Roxgold’s 90% ownership it is valued at £101/oz Au, while Mariana is only valued at £19/oz Au eq. for its 30% ownership of Hot Maden. If Mariana was valued on the same multiple as Roxgold it would have a market cap of £91m and a share price of 11.9p (435% upside) for its 30% interest in Hot Maden, highlighting that the shares currently have plenty of head room at this level.

http://www.proactiveinvestors.co.uk/columns/northland-capital-partners-view-on-the-city/22783/northland-capital-partners-view-on-the-city-mariana-resources-and-cyprotex-22783.html

Now look at RoxGold today is $283 million 13gt/au

http://www.google.com/finance?cid=15920379
 
3rdtimelucky
Posts: 1,424
Off Topic
Opinion:No Opinion
Price:1.875
If i had t1 for every time the word
Today 08:51
Spin and off were mentioned :-)
earthling
Posts: 3,872
Off Topic
Opinion:No Opinion
Price:1.875
re spin off
Today 08:37
I think their main motive is to reduce dilution, there must be a way of doing this to not dis advantage current Marl holders.

I can't see how they would do anything which could dis advantage current share holders, surely they would need share holder approval for anything that share holders may have some reservations about?
earthling
Posts: 3,872
Off Topic
Opinion:No Opinion
Price:1.875
so Kalablaster..
Today 08:25
presuming you are invested here, do you not have any concerns re should a a spin off occur?
Gixxer-600
Posts: 81
Off Topic
Opinion:No Opinion
Price:1.875
RE: Dual listing or spin off
Today 08:16
Have been thinking the same TBH. How can they spin off HM when we still don't know it's true worth?
Wilson_
Posts: 88
Off Topic
Opinion:Strong Buy
Price:1.90
Dual listing or spin off
Today 07:53
Maybe they will dual list all of MARL rather than spin it off? Just a thought..
kalabaster
Posts: 149
Observation
Opinion:No Opinion
Price:1.875
RE: earthling
Tue 16:44
The shares in the spin off aren't exactly 'free'. The value of the original company has to go down in proportion to the amount being spun off. It's not so much giving 'free' shares as splitting the holding into two parts.
=================================================

Exactly!
colinb10
Posts: 1
Question
Opinion:No Opinion
Price:1.875
tsx
Tue 16:34
I have been with Marl quite a while but why would Marl just have a spin off to Canada and not some other country , I know it's probably obvious once pointed out , but ??
If anyone has time would appreciate answer on this

Anyway hope this qty of buys continues
kalabaster
Posts: 149
Observation
Opinion:No Opinion
Price:1.875
RE: RE: PS
Tue 16:25
The likes of Brent Cook knows that if a spin off happens, on a certain day he can pay a dollar and get a dollar's worth of HM. For the likes of us, each pound invested in MARL is, say, 0.60 worth of HM and 0.40 of the rest.
=======================================================

Brent Cook will be paying the same whatever you share is worth plus premium, which I believe it will happen.
Mariana is split into 2 companies , let assume Hot Maden is worth 80% and the rest 20%..
IPO in Canada will be priced at $1 per share ( fictitious number).
Assume 5 million shares issued at $1, so value of shares Brent Cook who bought at IPO and you who got Free shares through distribution are same plus you have Mariana shares on Lse as a bonus.
earthling
Posts: 3,872
Off Topic
Opinion:No Opinion
Price:1.875
Drilling being ramped up
Tue 15:51
In Feb it said in RNS with no mention of a spin off




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