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



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.

gentleman

Looks like something stirring here at last. Check out those buys.. :)

agree22%jump usually means something and we are used to22% jumps may be this time it'll materilaize into great news

Someone bought nearly 3m shares at 5p. 3.75% of the company..

great at 5:)plus the options to staff last month???something is cooking

stake building?? or RNS tomorrow?

either way there was a lot of buying today with no news apparent.

Crikey ! it must have struck oil !, shooting up !.

hysterical as ever i see, req field.....its dropping again as u type

News out - an institution bought 5.3m (5.8%) yesterday.

yes i saw it relishing......whats your view on it....something to do with russia....sounds dodgy in itself as anyone involved with russia is prob corrupt

No, the parent company has funds in russia and eastern europe, but the fund that invested here specializes in undervalued small companies. Encouraging that they decided to suddenly buy 5.8% of the company - why now?

I think anyone who has dyor will have a good idea why.

Also apparently the man behind them James Passin is a director of several venture-stage international resource companies.

All good stuff.

corruption makes the world go around

esp in russia! mind you, uk is getting better at it in last decade.....probably due to the flood of immigrants, illegal or otherwise

Read my post above. The fund that bought in here has nothing to do with Russia.

i did relishing.....thanks

Cool.

11m at 6p!!

wonder if that is the same guys who bought the other tranche?

If it is and they buy much more they will be into manditory takeover offer territory.

i tried buying via halifax in last 10 mins of day.....eventually came up with buying price and i clicked the deal button.....but then page came up about getting assistance with a halifax number.

i hate halifax. cant wait to change my bank account into a proper scottish bank as hbos aint scottish any more.

this sort of thing with buying shares has happened at least twice now this year.....halifax gave me a price for one after i bought where price was much higher than what i clicked on and the price never reached the price which i was given.