PLY - Polymetals Mining - Aussie Stock Forums

Results 1 to 5 of 5
  1. #1

    Post PLY - Polymetals Mining

    Hey Guys,

    Didn't see this company listed anywhere so i thought i would put it down.

    They have a share offer that opens today at $1.

    Anyone taking up the offer?



  2. #2

    Default Re: PLY - Polymetals Mining

    I was unable to get any supply, maybe you would have more luck with your broker, unless mine was telling porkies, it was already fully subscribed.

  3. #3

    Default Re: PLY - Polymetals Mining

    Quote Originally Posted by suhm View Post
    I was unable to get any supply, maybe you would have more luck with your broker, unless mine was telling porkies, it was already fully subscribed.
    It looks like I have managed to secure a small allocation of this stock.
    Based on how much my broker was scaled it's positioned to be a nice one.

  4. #4
    Make the drill work for YOU springhill's Avatar
    Join Date
    Jun 2007
    Mental Institution

    Default Re: PLY - Polymetals Mining

    MC - $15m
    SP - 36c
    Shares - 38m
    Options - ?
    Cash - $11m

    PLY today requested trading halt regarding potential corporate merger. Halt remains in place until Monday the 8th.

    This from their half yearly report.
    Polymetals listed on ASX in May 2011 and maintains its original goal to maximise value for its shareholders through effective exploration, rapid development and efficient operation of mining assets and targeting considered acquisitions where they can add value.
    The Company retains, and plays to, its strengths:
    • strong brownfields exploration capability;
    • innovative metallurgical and mining solutions;
    • rapid and low capital project development; and
    • high capital efficiency and effective production management.
    The current focus of the Company is to prove up quality gold resources and undertake asset acquisitions in order to facilitate the development of both existing and new mining projects. The Company’s current activity areas – Turner River, Canbelego and Drew Hill – are characterised by defined resources and significant growth potential. In addition, the Canbelego and Drew Hill areas have production history.

    Business growth
    Turner River acquisition

    In September 2012, Polymetals finalised the acquisition of Lansdowne Resources Pty Ltd. This gives
    the Company access to significant gold and base metals resources through a farm-in agreement with Polymetals Mining Limited
    DeGrey Mining Limited (ASX: DEG) for the Company to acquire a 75% interest in the Turner River Gold and Base Metals Joint Ventures.
    Since completing the acquisition Polymetals has conducted an exploration program at Turner River and at 31 December 2012, Polymetals had met approximately $1,600,000 of the $2,000,000 Gold project farm-in obligation, with an objective to complete the earn-in commitment in the June quarter 2013. In respect of the Base Metals project, Polymetals continues to meet the earn-in commitments.

    Worth watching to see what the announcement is. The capital structure alone combined with the potential of the announcement escalates my interest significantly.
    Attached Images
    "You have enemies? Good. That means that you've stood up for something, sometime in your life" - Winston Churchill

  5. #5

    Default Re: PLY - Polymetals Mining

    On August 23rd, 2013, Polymetals Mining Limited (PLY) was removed from ASX's official list following acquisition pursuant to a scheme implementation agreement between the Company and Southern Cross Goldfields Limited.

Similar Threads

  1. Mining Employment
    By Ken in forum General Chat
    Replies: 43
    Last Post: 12th-October-2013, 12:46 AM
  2. NZ Mining Boom?
    By Who Dares Wins in forum General Investment and Economics
    Replies: 8
    Last Post: 20th-July-2011, 10:42 PM
  3. Mining stocks if the...
    By BrightGreenGlow in forum ASX Stock Chat
    Replies: 2
    Last Post: 3rd-September-2010, 08:47 PM
  4. Something other than mining or banking
    By ozdave in forum ASX Stock Chat
    Replies: 9
    Last Post: 28th-November-2008, 05:18 AM
  5. Mining the moon
    By OK2 in forum General Chat
    Replies: 4
    Last Post: 31st-December-2006, 07:07 PM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums