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Two deals on the table, the shareholders decision To analyze the two proposals for Maple VF would estimate that our of : i ) US $ 0.067 per share proposal Alcogroup and Grana y Montero ; and ii ) US $ 0.190 per share with Maple Resources. We conclude that while the first transaction would have some upside for the Alcogroup expertise to bring the asset management ethanol and financial back Grana y Montero, offering Maple Resources ( not approved by the board of Maple Energy ) ends up being more attractive to offer more value per share of MPLE . We reduce our estimates of ethanol prices , before the increased global supply of ethanol and expectation of lower demand. Maple updated our model to incorporate a new vector Ethanol prices and to make an analysis of the two proposals are known so far to inject capital into the company. Similar to our previous report , we consider as a base scenario, a issue of shares for US $ 50 MM at a price of $ 0.20 per share. A Although the proposed Grana y Montero Alcogroup and has already been approved by the board, we do not assume as given since it has not yet been approved by the shareholders of Maple. We use the methodology of Discounted Cash Flow to the Firm with horizon 10 years and a discount rate of 11.40% . Furthermore , we assume perpetuity without long-term growth .

Impacto en nuestro VF: Manteniendo nuestro estimado de valor del negocio de etanol (- US$ 14.7 MM), obtendríamos un valor de MCL de US$ 32.7 MM. Así el valor de MPLE sería de US$ 31.2 MM o US$ 0.190 por acción. Impact on our VF : Keeping our estimate of business value of ethanol ( - US $ 14.7 MM) , we would obtain a MCL value of $ 32.7 MM . So MPLE value would be $ 31.2 MM or $ 0.190 per share.

Sin embargo, creemos que a pesar de lo anterior, la transacción de MRC representa la opción más atractiva para los accionistas de MPLE, al obtenerse el valor fundamental post-transacción más alto. However, we believe that despite this, the MRC transaction represents the most attractive option for shareholders of MPLE , the obtained high post- transaction most fundamental value.

Is comparing the 2 deals on offer in this presentation e-mailed to Kenny. On closer inspection looking at the illustrations you can see the differences but until the English version is available I can't comment further. Kallpasa are reputable & are the only broker to cover MPLE on the internet with detailed research, as Graphitetech first posted on here sometime ago. This will have to reported to shareholders by MPLE sooner rather than later even if only to discredit the offer as not real, or recognise it as genuine & then put the 2 offers to a vote..

can't translate it's all in Spanish, the English version websitehttp://www.kallpasab.com/ hasn't updated yet as this report is from yesterday the 24th October..my guess is John Hanks is trying to highlight that his company wants to buy the oil & gas assets & it's a much better deal for shareholders they are offering, than MPLE are receiving from G&M & ALCO..

Hi Kenny have e-mailed you & will try & interpret when you send me the document, thanks..

A privately held company or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately. More ambiguous terms for a privately held company are unquoted company and unlisted company. THOUGH LESS VISIBLE than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to Forbes. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on Forbes' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (44%) and employed 4 million people. In 2004, the Forbes' count of privately held U.S. businesses with at least $1 billion in revenue was 305.[1]

Yes clarification is needed, anything else expected other than the 'proposed transaction' is pure speculation. The board do not decide, the shareholders decide ultimately by voting at an EGM. Grettle's interpretation of the 'proposed transaction' is wrong, if you read & digest the complicated RNS, MPLE becomes a 24.1% partner in MCL which will own the ethanol business & it's subsidiaries only. Cash of $4m for 40% of the business as a whole, then cash of $13m for an extra 700m shares issued, then cash for the oil & gas business of $31m which is paid to MCL of which the new partners G&M and Alcogroup SA retain an interest of 30.4% and 43.5% in MCL respectively..

held all the way down to 1.5p on the big drop..too much value here & a good project in my view, much more interesting than the the usual AIM stocks..

held all the way down to 1.5p on the big drop..too much value here & a good project in my view, much more interesting than the the usual AIM stocks..

would be a nice finish for the weekend & a good precursor for Monday..

for the offer to be accepted, 21 days from the RNS date springs to mind?

we are waiting for the RNS..the AGM has been & gone end of September..

is used to dilute gasoline & is sold by the gallon..it is a sustainable product in it's sugar cane form & its EROIE (energy return on energy invested) ratio is 8:1 that means 8 parts of energy created for 1 part used, it's American cousin which is produced from corn has an EROEI of barely 1:1.. MPLE's ethanol is created from sugar cane grown on wasteland & not rainforest deforestation, which means it is exported to the EU & meets EU regulations for sustainability & greenhouse emissions. That is why the ethanol assets are important here, as it is a growth industry that is sustainable..the ethanol is mixed with gasoline & sold at the pump, this makes the fuel go further & takes pressure off oil usage as we approach the advent of peak oil.. http://upload.wikimedia.org/wikipedia/commons/c/c8/Common_ethanol_fuel_mixtures.gif

if they were to go public & list on any stock exchange, they would have an initial public offering an IPO..to raise cash for expansion or to buy assets, that's how it works..

MMEX is a private corporation, they don't make their business public & they don't answer to the SEC, as they are not traded on the NYSE or anywhere else..that's the difference between public & private, they don't have shareholders..

http://www.ishares.com/us/products/239606/ishares-msci-all-peru-capped-etf

the way I see it with the assets is they have circa 400bopd from the oil, there is a JV venture with the gas, the refinery can handle circa 4000bopd of refined product. The wells are quite old but work-overs will add value for a company that has technology & wants to invest. I agree there is a shortage of shares & no seller in the background which will push the price up eventually, at the moment I am accumulating, because once the harvests improve & ethanol prices pick up I can see a dividend paying asset in the future, especially if we avoid dilution. The debt should be manageable in the future if it is restructured correctly. $47.4m in the bank will put us in a strong position too..there are a lot of factors that will lend weight to any decisions made, not least the various Peruvian pension funds invested at levels a lot higher than we have been paying, 50p- £1+ in most cases..these ii's will not be keen on dilution for someone else to walk in & start creaming profit with a 75.9% stake, whilst their cash is reduced to 24.1% in the wake of the 'proposed transaction' which I think has been dressed up to take advantage of the distressed state of the business. The ethanol asset is world class & if we are left owning 100% with the £47.4m in the bank I think were onto a winner, add the extra 2500 hectares to the 13500 we already have & there is scope for a fantastic business..the Distillery, the land the reservoirs, pump houses port infrastructure, power station including 37km of electrical transmission to the national grid, off-take agreement with Mitsui for ethanol sales, vehicles & plant everything all in place, a real state of the art operation with ii's backing..

All depends on the vote really, Meeus & Malik will have a big say as they have 22% between them & are involved with the 'proposed transaction' Saying that their averages are well over 30p so this deal may be better for them. The debt will have a deciding factor too..

is private, it is not publicly listed they created MPLE & made us public..the CEO Jack Hanks used to be on the board of MPLE, that is why they have made the offer because they see the value in the oil & gas. Jack Hanks will have shares in MPLE & friends here too..