Just got up to see the sp showing further resilience. Looks as though the sp is discounted the selling of the iron ore assets. The RNS can answer some of your questions but not all. Not so sure what cut off point there is, but I read it as a like for like share issue. As it stands today it is the suspended sp of MRG. You would have to contact them directly for specific dates but is due to be completed on the 30th of May. MRG shares will resume trading once the shareholder report has been printed and distributed to them. After that stage there is likely to be a placing in order to raise funds to develop the iron ore business. The new company will have 2 CEO's appointed to join the board from SLP to ensure experience and continuity. SLP will then be able to focus on the PGM side of the business, lowering costs and continuing to grow. I think there is likely to be a bit of early volitilty in the sp of the new look MRG but do not be too quick to write them off. The b.o.d. are likely to be very bullish on the companies outlook in order for any future placing to be successful. Hope this helps, good luck in all your investments.
does anybody know what the benefit to shareholders will be on the finalisation of the iron ore sale. Secondly in what format will we see a reward and lastly when do you have had to have held the shares from and has a date been given yet on this matter. Any help from those more up to speed would be very much appreciated
btw I did invest in FIF which you highlighted in 2010. Held for 16 months and sold in Feb (25% return) I still have ORM, sold SXX at a good profit despite your concerns. MXP and ORM have held my pf back a little. IQE will always be a liitle gem but decided to sell into the t/o rumour but maintain a small number of shares. I am surprised Bailey Clark has not returned to SLP, risk v reward look good to me.
Morning syn. Been looking for last couple of days. Does seem very cheap. What is your view on the current weakness in sp? I have them on my 'watch list' now and will use some cash by selling a batch of some shares in an oily I have. It is a matter of timing at the moment and risk v reward.
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