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Ticking up nicely!!! LP 27 \ 32 Code 11 from Friday. My notes say a Broker note re-rate. Thoughts please? (for those that believe in such things) Good to see some movement after so long.
Cheers Mate
Essentially the planned merger has completed successfully. Look up on Wikipidea for more info on reverse takeover. Hopefully we should get more news soon on plans for the company.
I have no idea what that RNS means, can somebody please put it simpler for my :)
("Kemin" or "the Company") Completion of the acquisition of Joint Venture Kazakh-Russian Mining Company LLP Further to the announcement issued on 28 February 2013 by GMA Resources, Kemin now announces that the Acquisition Agreement has been completed. Recent highlights: -- Reverse takeover of GMA Resources by Joint Venture Kazakh-Russian Mining completed -- Change of name; the Company is now called Kemin Resources plc -- Kemin Resources plc re-admitted to AIM Ralph Browning, former chairman of the Company, said "I am delighted that this transaction has been completed. I welcome Sanzhar Assaubayev and Bill Trew to the Board and I look forward to working alongside them as we establish Kemin and develop its assets to the benefit of its shareholders." Bill Trew said "I am pleased to join the board as Chairman. I am looking forward to developing Kemin Resources" At Completion, the Company issued a total of 148,320,720 B Shares to Bergfolk (133,117,846 B Shares), Strathland (10,642,012 B Shares) and Hanson (4,560,862 B Shares) which carry voting but no economic rights. If the Contract Reinstatement occurs on or before 31 May 2013, the Company will issue the Loan Stock Shares and the B Shares will automatically convert into New Ordinary Shares on a one-for-one basis. In the event that the Contract Reinstatement does not become effective on or before 31 May 2013, the Loan Stock Shares will not be issued and the B Shares will be converted into Deferred Shares. Furthermore, dealings in the New Ordinary Shares will be suspended on 3 June 2013, the Company will revert to being an investing company under Rule 15 of the AIM Rules and dealings in the New Ordinary Shares on AIM will be cancelled [six months thereafter] if the Company has not implemented its investing policy by that date. The Working Capital Facility Agreement has been amended such that the GBP2.5 million in the escrow account will now be released against written notices from the Company specifying, inter alia, the amount to be drawn down. Draw down requests may be made by the Company on a monthly basis. Definitions used in this announcement have the same meaning as those used in the announcement dated 4 February 2013.
It's obvious the Market Makers want these shares now so that they can sell them at a much higher price later on......that is how they make their fortune.
Another Tree Shake ....Lets walk the S.P down EVEN FURTHER...., just in case there is any more scared investors who are still holding! Question is why do the Market Makers want these shares?
So we are finally down to the price at which the "Investors" put in their £40m and I'm sure that unless the "Supposed Experts" who are running the show learn to communicate with shareholders then it will fall a lot further. This is the equivalent one of the old GMA shares being 0.055. Remember that just before consolidation GMA were more than double that at 0.12.
We have seen meteoric rises here so GMA/KEM must have some worth. ATB
so we are trying to get 90% of Kazakhstan-Russian Mining Company, which will then have a joint venture?
Looks like the sell of 1622 at 22.5p was an error and that it was eventually put through again at 30p.
Sells of 8.50, 6.80 and 1.70?...Who on earth sells 5 shares @ £1.70 This is either fearfull selling, or the figures have yet again been manipulated!.... Just like the 15+% rise on SOLG's s.p today which had not a mention on LSE's top RISER board. P.S on the funny side £1.70 might just buy a burger and fries at mc donalds!?
interesting looking at the sells.....lots and lots of tiny sells - for peanuts which means the Market Makers have done well because it all adds up to cheap bargain price shares for them to profit!......As you said 4petesSake enough for a meal out (72 quid one of them)......Dont be a mug! DO NOT SELL CHEAP SHARES TO THE M.M's
A massive sell off then ... lol
Sell at 22.5p, Hmmmmmm..... what it going on here?
Cheers for the info mate, im in and holding on tight
This is how the Market Makers play they're games: hamer the s.p down, then hamer it again, and again so p.i's start get scared and sell at a loss!....Then they will hamer it down some more.....Then after that they will leave it alone for weeks maybe even months (no change in s.p) -so even more p.i's sell out due to being fed up/ bord!.... This is how the M.M's operate!....So HOLD and dont give them what they want
I think you both need reminding of what GMA/KEM has:......28th Feb: The company has announced the reason for this reorganisation is GMA has entered into a conditional agreement to aquire 90% of the paticipatory interests into charter capital of joint venture Kazakhstan-Russian Mining Company LLP. KRMC is party to 2 Subsoil use Contracts in respect of 2 Molybdenum and Tungsten deposits in Northern Kazakhstan......
Alex In a word, "YES". Looking at some of the tiny sells going through, ex GMA Punters who didn't dump appear to be accepting their fate, ditching their shares and perhaps using the money to go out for a meal or drink. The BoD don't seem to care a jot about the S.H. and seem to have forgotten the art of communication.
just gone dead now?
Agree. But could see low 20 the way this one is heading.
27p and not a penny more.
Hi,may I ask what price you got in gma at.?