Member Info for GedW

Here is the short gist of the letter sent by my office to the Board of MMS. I think you will agree it has some searching questions. inter alia "Sirs"..... The recent share acquisition by Firebird?passin of a 21% stake acquired in the Business...... Had Firebird/Passin approached the Board as to their intentions, and has the Board offered up its approval, or otherwise or has it been knocked back. It appears to me that Firebird/Passin wants to get its hands on the Tunisian assets "on the cheap". I see the price of Zinc coming off slightly, but Asian markets are keen to buy in all that is produced in order to satisfy commodity requirements as a result of its infrastructure expansion programme....... Would shareholders be better off if Firebird/Passin did help them by taking an increased holding, and or invest more capital via an institutional placing. With this thought in mind, is MMS in need of further funding in order to exploit its Tunisian interests.......If the Board of MMS is against the recent new substantial shareholder, would it force them to pick up stock at a higher price......0r will it help them in its quest to assist the Board in achieving its objectives in exploiting the North African interests to maximise shareholder value. I notices that the market makers pushed the share price higher on the transfer of stakeholding, The origional plan was to realise some £500 millions, but to date the cash flow has been patchy...... There is more and th

Lets go for a "back of a fax box" calculation. Bou Jabour, just one of the filds being developed, say a resource of 3500mns, MMS has a 90% interest £450 mns, lets strip out costs (a whacking generous 80% £360 mns) leaving lets say £90mns for MMS. With an isc of say 94Mns, that still leaves a share price of £1 near enough. So where is the problem in getting the alleged prospects of all the supposed Tunisian assets in the share price.

We are covering old ground that has been reported on these pages since early 2005, there is nothing more to add except going round in circles. Best let nature takes its course.

No one has ever mentioned spin. So if that is correct then there is no pint buying into this Co, because as the efficient market theory goes, all known info is in the share price, so that is your lot £500Mns of resource equals 4.5p/share !!!!! that cannot be correct. The value of this Co is not in the share price. Something has to give. The analysts will spot this and show that this Co is undervalued.

As has been mentioned. There is now only a 1p threshold before the sp settles at its recent lows, stripping out the spread, that leaves a window of .5p/share. No I cannot buy the lower "buy in cheaper" line as this is, in my book, as cheap as it gets and July will be no different than today, then it will be September jam tomorrow. I still hold out that Corporate institutions will dictate the direction of this Co not the resource update, the board of MMS could not market ice in a desert let alone a near £500mns resource pot.

A fellow footprinter brought the analogy to RVD here. The two are poles apart RVD has a near 2 billion issued share cap base and still issuing more paper to beleaguered members, and that would take an awful lot of physical resource to absorb before the sp moves. MMS has an isc base of 92mns, a very big slice is held by institutions, and as the latest RNS shows MMS has an increasing Zinc et all resource in its desert hole. The Analysts, for whatever reason, are turning a blind eye and a deaf ear here and the Board of MMS need a shake up, particularly the pr and marketing bods. Unless and until MMS gets on the analysts radar MMS is whistling in the dark with a deaf audience.

So at what point do buyers consider this an entry point, or are they waiting for the sp to rise x% before buying in and then scramble for the exit a retracing of the sp nursing big losses. When will be the optimum buy in price. At 4.5p mid on current news seems a logical or sensible entry point, with limited downside but plenty of ceiling in which to manouvre, there is no logical reason for selling. Experience tells me there is something major that is skewed with this stock.

Almost correct regarding holdings announcement. Once a shareholding (individual or concert party) reaches 30% then, pursuant to listing rules a mandatory offer kicks in, however the 30% holders could reduce that holding if it can be shown that there was no intention to reach the 30% limit. Most investors reach 29.99% and leave it there so that the dust can settle in order to collect their thoufgts and work out a strategy and use the holdings as a platform for a possible future bid when the opportune time is theirs to take. The recent rules regarding % levels of holdings is to make substantial stakebuilding transparent and prevents, what used to be called "dawn raids". As we do not yet know what Firebird/Passin's intentions are, speculation is rife. What is for sure in my mind there appears to be bread and butter selling off of stock, and these may well be old certificated holdings being mopped up by the holders having been made an offer not to be refused, these are my thinking out aloud thoughts. Until and at such time these alleged commodities come out of the hole in the desert the sp will be kept in pandoras box and the lid firmly nailed down.

With ProPay, the leading European clearing payment system. EPO is signing solid lucrative contracts almost weekly, some of the Contract is in the share price, but EPO is certainly firming up its market lead position.

The recently fully approved MyAmego has been approved to be used in a major Scottish retirement home run by a Local Authority. The Directors believe this to be a major milestone in the development of this offering.

Results out today, so hang onto your hats for a volatile sp ride. Full RNS released within the last 5 minutes.

Co has received an offer for the Co, but as no deal has taken place within the prescribed time limit, the shares have been temporarily suspended. MRD share news gives more deatil.

Suspended shares are MRD and not MRP No RNS out re suspension of MRP.

Shares are temporarily suspended pending the announcement of a possible reverse takeover of part or all of the Co.

Having signed up with Turner Media Innovations, live gambling formats will be shown on the Nuts TV Channel. In a further announcement the Supercasino etc went live 6th June. Revenues here at NPT will be astounding.

The Co has published an upbeat forward looking report for the rest of 2008, suggesting that recent positive improvement in turnover and profits will continue. Turnover was up 100% to £2.34Mns and profits up 46% to 3307k.

Two main Directores each bought up a further 125k shares each, both increasing their holdings. Could well be the good Corporate numbers can be maintained. Following Directors' lead may not be such a bad move.

Amounting to £13.7Mns cash will be returned to members, this represents 25.8p/share. The first payment will be made by 5th August and the balance after 31st Jan 2009. The ride was good while it lasted!

or rather the group hospitality unit for £17Mns thereabouts. That will go some way and leave some change after paying the litigation team. That is a nice juicy cash pot sitting in the vaults.

There is a further delay regarding the £3-£4Bns Manchester pfi contract, where COST will be the construction manager and Lain/Viridor the consortium that will oversee the project and TEG will supply the silo cages worth £35Mns over three years, signing but the deal is reported to be near conclusion having been expected to have been concluded im March.. The contracts are expected to be signed fairly soon if the rumours are to be believed.