Member Info for Shakeyourmoney

the deal from MMEX (Maple resources Corp) is the best deal as it deters from the dilution & MPLE benefits from the cash wholly from cash from the oil & gas assets..that will boost the SP to maximum effect & give the ethanol plant a new lease of life.. PS Lima up 17.65%..

President & CEO of MMEX (Formerly Maple Resources Corporation).. Management Maple’s management team is principally led by three of its founders, Mr. Jack Hanks, Mr. Rex Canon and Mr. Tony Hines, Maple’s Chairman, Chief Executive Officer and Senior Vice President of Operations respectively. Messrs. Hanks, Canon and Hines, collectively, possess more than 66 years’ experience in the energy industry. In addition, Maple’s senior technical and operational team has extensive experience in the Peruvian energy sector, possessing, in the aggregate, approximately 170 years of experience in the energy industry.

MRC also offered to lease 2,500 hectares of undeveloped land in the Maple Energy ethanol project under terms to be agreed upon. It is in active discussions to partner with recognised sugar cane estate operators. MRC believes that its offer represents the best solution for the company and expects it to be submitted to the shareholders along with any other offers. MRC made its offer on October 8, 2014 and was told by Maple Energy on October 9, 2014 that the Board of Directors had considered another offer. MRC is seeking clarifications from Maple Energy as to the conditions linked to this offer such as the several contingencies tied to the bank syndicate debt restructuring of Maple Energy. I think the debt will be the sticking point of any deal that the lenders look at the most favourably & carries the least risk. The deal MRC offered is obviously the best for shareholders but how it will be decided is a different matter if the senior lenders want more security. Lastly the deal involving the 'proposed transaction' is quite sneaky in my view, it is cleverly worded & dressed up with dollar signs to make it look good. Also the fact that the capital increase to 700m shares or to add 700m shares was requested by proxy 2 days before the AGM, which was 2 weeks before the offer was announced on the 16th October . Tthe we find out today, another counter offer had been submitted & received on the 8th of October & we still haven't been informed of this by MPLE.. EGM will be interesting & hopefully all the voters understand what's what & that we end up with a satisfactory deal that gives maximum shareholder value..

The original cash offer on 24th July RNS related to a complete takeover of the company which didn't happen.. 'The board of directors of Maple Energy plc ("Maple" or the "Company") announces that it has received an approach which may or may not lead to a cash offer to acquire the entire issued and to be issued share capital of the Company' Then we were told about the 'proposed transaction' from 16th October RNS. Which involves a merger plus dilution for the ethanol business & then cash for the sale of the oil side of the business, including the refinery & the oil & gas fields.The stake in the ethanol plant which includes an extra 536m shares plus cash US$17m & MPLE are then left with a stake of 24.1% of MCL in it's restructured state. This means the sale of the oil business proceeds are split between MPLE & the other 2 partner companies & an equal share of the debt but importantly MPLE has strong partners moving forwards. 'The principal terms of the proposed Offer are as follows: The Investors will pay an initial US$4m to acquire an equity interest of 40% in The Maple Companies, Limited ("MCL"), the subsidiary which holds a 100% interest in the ethanol production and hydrocarbons operations, in which Maple has a 95.4% interest; the Investors will commit to make a further equity investment of US$13m in MCL as part of a capital increase, thereby further diluting the shareholding of the Company in MCL' Graña y Montero Petrolera S.A. ("GMP"), a subsidiary of Graña y Montero S.A.A. ("G&M"), will pay US$31m to acquire the entire issued share capital of Maple Gas Corporation del Peru S.R.L., which is a wholly-owned subsidiary of MCL dedicated to the hydrocarbon production, refining and marketing operations. The proceeds from this sale and from the planned equity injection will be paid to MCL which will transfer these funds to the ethanol business operating subsidiaries and following the Proposed Transaction Maple would retain a 24.1% interest in MCL, which will own 100% of the ethanol business as its sole interest. G&M and Alcogroup SA will retain an interest of 30.4% and 43.5% in MCL respectively. Also from the proxy for the AGM it was asked of shareholders to vote on a capital increase. 'To increase the Company’s authorised share capital from US$3m to US$10m by the creation of 700,000,000 ordinary shares of US$0.01 each and make consequent amendments to the memorandum and articles of association' The deal by Maple resources Corporation is a cash offer for the oil business of US$47.4m plus 2500 hectares of land on lease, leaving MPLE complete control of the ethanol plant with working capital but all of the debt to be paid back, circa $190m. 'This offer represents no dilution to existing Maple Energy shareholders and provides Maple Energy with the capital to restructure its ethanol operations of US$47.4m. MRC also offered to l

haha just seen that guys comments..

but my mobile won't let me ring Ireland or Peru..+353 1 5530050 that's the Ireland number if anyone can try them..

the red dot grafting..

Hello, As one of your long term shareholders I was wondering if you could explain the article below from business wire & when are you going to inform shareholders? As the article mentions that the offer was made on the 8th of October & it looks a far better deal than the current 'Proposed Transaction' that MPLE communicated to the London Stock Exchange on the 16th of October. Regards xxxxxx. Maple Resources Corporation of Dallas, Texas Announces Its Binding Offer to Purchase the Oil & Gas Assets of Maple Energy plc in Peru for US$47.4 Million 100% Cash with No Dilution to Existing Shareholders. October 22, 2014 06:00 PM Eastern Daylight Time DALLAS--(BUSINESS WIRE)--Maple Resources Corporation based in Dallas, Texas (MRC) and the founder of Maple Energy plc in Peru announced that it has made an offer to Maple Energy, plc (“Maple Energy”) a company listed on the London Stock Exchange AIM and the Lima Bolsa de Valores to purchase its oil and gas assets for US$47.4 Million. This offer represents no dilution to existing Maple Energy shareholders and provides Maple Energy with the capital to restructure its ethanol operations. MRC also offered to lease 2,500 hectares of undeveloped land in the Maple Energy ethanol project under terms to be agreed upon. It is in active discussions to partner with recognised sugar cane estate operators. MRC believes that its offer represents the best solution for the company and expects it to be submitted to the shareholders along with any other offers.

That is a very valid point, as it mentions in the business wire announcement.. 'MRC believes that its offer represents the best solution for the company and expects it to be submitted to the shareholders along with any other offers'

The predecessor company to MMEX was established in 1986 in Dallas, Texas USA to invest in oil and gas related entities and assets. To take advantage of the ever-changing nature of the energy industry, Maple Resources diversified and formed subsidiaries to engage in conventional energy, renewable energy, and commodity infrastructure development. The Maple history is a testament to the Maple teams’ past, present, and future focus of creating high value-added energy projects.

all good here matey, when news lands it will be something else..

that's it now no more cash just shy of 250k..

with the low free float now..glad I topped up @ 2p..

the other company set this company up..so they already know the business inside out & they know the true worth of the oil & gas fields & refinery..

Thanks for the heads up here chief..

Hi, I take it you've seen the news about the counter offer?

confused.com haha lets hope this creates some buying today..I researched Maple resources Corp & they are private. They set MPLE a few years back & made the company public, they own shares in the business but to what entity I don't know? They know the business in Peru & I'm guessing someone has looked at the 'proposed deal' & thought it was carp..

half asleep..

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

catch everyone around 11am..