Member Info for GedW

I never have nor will discuss my trading strategy nor shareholding trades so you cannot draw a conclusuion one way or another. But I respect your reply. ATB I will endeavour to continue to report objective reporting as it becomes available.

Between you me and the gatepost I think your question sums up your ignorance ! http://www.lse.co.uk/member-info.asp?nick=GedW

Well at least one has gone belly up, what is the other?

If one wants a share that will increase in value. mediun longer term! record pre-exceptionals £768K. Further improvements as a result of good contract wins...

Hi name. Can you indulge me as to why all your recent footprints have been targeted at MMS. Have you no other comments or footprints on any other companies. It seems such a shame that your obvious share picking acumen has proved so rewarding. If you have other shares with such potential let us have insight. I know what I know. I can hardly believe that, since you know not what you speak and more of MMS conversation will infect my brain...Shakespear..

Apart from a couple of tweeks, canisp will have £700K cash once the asset deal approved sitting in its pockets versus a current market cap of £330K. Looks to me current shareholders will see the value of their holdings double overnight ! And a clean broom company to boot. But is all what it seems?

By selling Airtime Group Ltd (TAG) for £752,360 http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2110139&source=RNS

That is all that has been proven and valued here at MMs Tunisian workings. A quick refresh of the reasons why MMS floated back in 2004, all 110 pages of it. At no time did MMS refer to having licences to mine for anything other than Pb/Zn. Refer to the "risk factors" in the offer document. To re-iterate, this Co has got nothing tangible yet to show for all the funds made available to it. This share will be weak for some time to come. There are more established outfits crying out for investment, so perhaps it is time to put this one to bed for a while until some resource hits the market. http://www.maghrebminerals.co.uk/documents/maghreb/May2006/AdmissionDocument.pdf

The whole premise for the original float was Pb/Zn resource, now Firebird/Passin allegedly want the Flouride resource, but it is tiny compared to the main producers. I believe MMs have come unstuck and are now clutching at straws. I cannot believe that they or the Directors will want to come out of this with nothing. Both the main Analysts have been de commissioned so that just leaves the "in house" merchant. I believe there will be a rights issue, because reading between the lines with additional funding the Bou Jabour etc is still believed to be viable and MMs continue with the Corporate line that the resource still has additional potential. So mark my words a secondary offering will follow, because that is the sole function of a PLC listing, to raise finance. http://www.prlog.org/10183614-noted-investment-fund-with-mining-expertise-invests-in-kenya-fluorspar.html

Passin/Firebird were only prepared to "cough" up £500K for convertible loan notes providing emphasis was placed on Flourite resource analysis. Although Bou Jabour et al is alleged to contain significant Pb/Zn resource there are no funds being allocated to this as there are no funds available. The interpretation I make is that further exploration here will be curtailed and perhaps sold off as Firebird/Passin are not interested, I cannot see any third party being interested, can you?. I still believe a secondary offering will be announced sooner rather than later, once the dust has settled from this rather moribund announcement has been absorbed and "forgotten". Based on the preliminary results of the Bou Jabeur - Gite de l'Est scoping study, the Company will endeavour to find an industry partner to assist in advancing this highly prospective project, possibly in conjunction with the other Pb/Zn projects that the Company has in its portfolio. Whilst we are pursuing this option, shareholders must be aware of the current economic circumstances and recognise that this process could take some significant time.

With the active support of Firebird, the Company will focus on developing its fluorspar assets, where prices have held up remarkably well and where the prospects are promising, as well as pursuing corporate and other opportunities in the fluorspar sector. The initial indications from the Scoping Study and work done by our consultant and in-house team show that the Bou Jabeur - Gite de l'Est is a project worthy of merit and further exploration is required to prove it to be a viable mine. The Company will need to find a partner with whom to progress the project and indeed the lead/zinc portfolio. Whilst we are pursuing this option, shareholders must be aware of the current economic circumstances and recognise that this process could take some significant time." Looks to me like there are two now distinct business activities. Firebird appear to be only interested in the Flourspar resource.http://www.bgs.ac.uk/mineralsuk/downloads/comm_profile_fluorspar.pdf My guess is that MMS will try to hive off the Lead/Zinc resource. on 4th March GedW Blogs I touched on that Uranium was flavour of the day and Flourote has its place here.

http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2048659&source=RNS http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2051751&source=RNS http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2061608&source=RNS

The spread could be academic in one respect, that the potential offer is in cash so no matter what the spread those that were in at 14p to say 20p they will still get 23.5p without dealing costs. Those that buy in at the start of this session will pay top whack and try to trade for weak profit. There will be those that will wait on the sidelines for an hour or so and pick up weakened stock price after initial euphoria. And there will be those that believe the offer is inadequate and hold out for a possible improved offer. The Board have not received a formal offer, but it looks fairly academic. Once any potential offer is recommended, then that is it, unless there is a "white knight" lurking..ATB

Sintec Media Ltd has put a "cash" 26.5p/share bid offer to the Board. Talks are at an advanced stage..

Rule 8.4 Disclosure As referred to in the announcement released by WH Ireland and Blue Oar PLC ("Blue Oar") on 2 March 2009, the irrevocable commitment received by WH Ireland from Evolve Capital PLC ("Evolve") (the "Evolve Undertaking") to vote in favour of (or accept) the possible offer by WH Ireland for Blue Oar (the "Possible Offer") in respect of Evolve's entire holding of Blue Oar shares (representing approximately 64.9 per cent. of the existing issued share capital of Blue Oar) ceased to be binding if, inter alia, an announcement of a firm intention to make an offer under Rule 2.5 of the City Code was not made by 12 noon on 9 March 2009. WH Ireland and Blue Oar further announced on 9 March 2009 that discussions were well advanced and ongoing between the parties and that a further announcement would be made in due course. As the Evolve Undertaking has now ceased to be binding, WH Ireland announces it no longer has a disclosable interest in the securities of Blue Oar under the provisions of Rule 8.4 of the City Code.

Released today and showing that DMP is keeping ahead of the game. http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=2107196&source=RNS

Raube Hodson Stonex Partners LLP have a holdings of 32.4Mns of the ordinaries representing some 16.32% of the issued share capital (isc). Looks like the market cap is in for some increase as the offer deadline looms near.

Zinc Lead workings sold at Black Mountain $22Mns and Zircon et al workings at Namakwa Sands for $230Mns. Will use the funds wisely to pay down debt and provide working capita and buy up undervalued Lead Zinc workings elsewhere in Africa. http://www.im-mining.com/2008/10/01/anglo-american-completes-sales-of-namakwa-sands-and-black-mountain/

As a part of the deal EVOL is set to receive £1.09Mns in cash, which is some 12.2% of current market cap value. the rest of its 64.9% stake in BLUE will be in "new" WHI shares. There is a long way to go yet before the deal is signed and sealed and is fraught with potential Corporate obsticles before then. It all hinges on the future performance of WHI, there is an analyst report available on WHI in the General Chat area.

Hi boredmum. Yes a good argument. MMS has never ever produced one ounce of resource. Yet it has swallowed up all initial placing funding, and will certainly swallow up more if allowed. There are better well established companies which are struggling even with established backing and an income stream, but they unfortunately cannot find a ready and willing market. It seems so odd to me that a Company can continue to offer up delay after delay and pretend it has a resource that will astound a world engulfed in deep recession and still have a share price languishing at a near to an all time low..I am not convinced MMS has put up enough to convince the doubters. Having said that at 3 odd p a share what have you got to lose...The floor is near enough for acrophobiacs and low enough for the ambitious mile high club..