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Margreb Minerals, m.cap of 3m, $1bn in the ground (MMS)     

Still Waiting - 11 Mar 2007 15:05

Latest investor report:-

http://www.maghrebminerals.co.uk/documents/maghreb/Feb2007/February%202007%20Maghreb%20Minerals%20Presentation%20Indaba%20Mining%20Confernce%20South%20Africa.pdf

With MMS recently concluding deals in Tunisia it has estimated reserves and disused mines with a value in excess of $1billion.

The company is in discussions with JV partners that will bring in the capital to re-start mining quickly.

What value would you place on a company with value in the ground.

With a market cap. of under 4m this looks way too low and should fly with a JV in place.

The share is tightly held with a listed Canadian mining group owning 24%.

Positive news could see the SP multi-bag within days...

Not one for widows or orphans but a small stake could pay dividends in any portfolio.

http://www.maghrebminerals.co.uk/web/maghreb/index.cfm?page=104

Chart.aspx?Provider=EODIntra&Code=MMS&Si

Outlook
-------

The Group's focus in the immediate future is on its Tunisian assets and in
particular on those most likely to be able to be converted into producing mines
in the near term.

Now that the important agreements on the two former mine concessions at Bou
Jabeur and Fej Lahdoum have been signed with the O.N.M in Tunisia together with
the acquisition of the fluorite permit at Zriba (Zaghouan), Maghreb is focussing
on the "advanced exploration" opportunities that these permits provide. This
will be followed in due course by exploration on its other permits including
Djebel Fej Lahdoum, Djebel Goraa, Lorbeus and Ouled Moussa.

The Group has been approached by, and opened discussions with, a number of
parties who have expressed interest in entering into varying commercial
relationships to exploit the different mining concessions and exploration
permits held by the Group.

kuzemko - 12 Jan 2009 20:55 - 120 of 189

stand by you on this one

kuzemko - 12 Jan 2009 22:24 - 121 of 189

China's commodities buying spree will turn to zinc this week as the state stocks up on cheap raw materials, a drive which seems motivated by cheap prices

kuzemko - 19 Jan 2009 22:08 - 122 of 189

any mews/update???

Still Waiting - 19 Jan 2009 23:28 - 123 of 189

nope, still waiting to hear what Passin has in store for this.

he believes heavily in uranium reprocessing using berylium and flourite oxides, lets hope some of the Tunisian assets can provide this.

hopefully an injection of funds/ offtake agreement and a firmer timetable for income generation will be high on his agenda.

martinl2 - 28 Jan 2009 12:53 - 124 of 189

Somethings afoot?

robertalexander - 28 Jan 2009 13:01 - 125 of 189

about 12" is a foot at my last reckoning. :),

on my watch list at the mo

Still Waiting - 28 Jan 2009 20:09 - 126 of 189

scoping study to hand now and will be awaiting an accompanying RNS from Passin no doubt.

kuzemko - 29 Jan 2009 12:01 - 127 of 189

80% last week, 30%yday, market must be expecting good news!!!

Still Waiting - 30 Jan 2009 20:23 - 128 of 189

just 6% today !!!

martinl2 - 31 Jan 2009 16:42 - 129 of 189

Next week could be an interesting one.

I hope so, because I doubled up my holding this week!

Still Waiting - 31 Jan 2009 21:03 - 130 of 189

had a few top ups myself.

with new management on board they must be working on something co. changing....

kuzemko - 04 Feb 2009 13:20 - 131 of 189

need some news soon!!!

martinl2 - 04 Feb 2009 13:31 - 132 of 189

Agreed. People were saying last week that they had contacted the co and been told news should be out within 2 weeks. So if accurate it should be out any day now.
I know from the SER rns today that good news can come completely out of the blue without warning, so not trying to read anything from the trades/price action.
I have emailed my usual contact Jane Haywood this morning but not sure she even still works for MMS with the recent management shake-up?

kuzemko - 09 Feb 2009 12:23 - 133 of 189

ODD!!!

Still Waiting - 09 Feb 2009 20:01 - 134 of 189

poster on lse says MMS have confirmed the scoping study is to hand and are finishing off the news which is to accompany it!!!

martinl2 - 10 Feb 2009 09:51 - 135 of 189

Good, so lets have it then?

kuzemko - 11 Feb 2009 13:45 - 136 of 189

what are we expecting??? good news, bad news, any news???

martinl2 - 11 Feb 2009 15:11 - 137 of 189

Hopefully GOOD news kuzemko!

Still Waiting - 11 Feb 2009 19:56 - 138 of 189

its the news accompanying the scoping study that's important.

have they found a partner to start the mining??

Still Waiting - 12 Feb 2009 19:17 - 139 of 189

another 40% added today and the sp has now broken out before the news breaks...
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