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MSM - MSM Corporation International

Discussion in 'Stocks I-P' started by RichKid, Jun 18, 2005.

  1. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    This is a general thread on MSC, there was a previous specific technical trade discussed in this thread: https://www.aussiestockforums.com/forums/showthread.php?t=821

    See the first few posts there for some background info. More recent info can be posted here.

    Currently flattening around 6c, has gone lower longterm but even a small surge will result in a good profit at these low prices. Very risky imo, might be a daytrader target.
     
  2. horsham

    horsham

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    Re: Minerals Corp MSC MSCO

    Interesting announcement today with a director Mr Wang retiring from Board but continuing as an Executive whilst a director of a company with possible conflict with MSC.
     
  3. Dan_

    Dan_ Jnr VP of Photocopying

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    Re: Minerals Corp MSC MSCO

    Anyone have a copy of the latest report from the fat boys?

    My subscription ran out at the start of this month.

    Was curious to see the reasoning about bailing out when they were so persistent for so long.

    If anyone has it and could provide a few comments it would be appreciated.
     
  4. brisvegas

    brisvegas

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    Re: Minerals Corp MSC MSCO

    "If you play with dogs long enough you will get fleas"

    pretty well sums it up.

    wouldnt be surprised if MSC is an empty office somewhere.

    note that issues generally coincide with interest payments for debentures , notes or whatever they call them

    last issue had a fair %age taken up by underwriter , poor buggers . next issue will definately be a struggle

    writing is on the wall , some just cant see it coz their backs are to the wall


    ............ pete


    i know nothing , consult a proffessional
     
  5. sam76

    sam76

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    Re: Minerals Corp MSC MSCO

    Anyone have thoughts on this one?

    Report seems to think that major problems have been overcome and should become cashflow positive early 2006.
     
  6. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Minerals Corp MSC MSCO

    If the reference to a report is to a company issued report then I don't think much of it as I no longer have faith in the management. Haven't looked at a chart of MSC/MSCO for ages either.
     
  7. Kauri

    Kauri E/W Learner

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    Re: Minerals Corp MSC MSCO

    There is one good thing I can see...it physically cant get much lower :D only 2.5c downside left. :bounce: (mind you that could be 100% of your investment)
     
  8. Dan_

    Dan_ Jnr VP of Photocopying

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    Re: Minerals Corp MSC MSCO

    Up 50% so far today.

    This is one crazy stock
     
  9. Kauri

    Kauri E/W Learner

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    Re: Minerals Corp MSC MSCO


    Your Company initiated a Share Purchase Plan last August 2005 and, as is often the case the SPP discount factor caused our share price to drift downwards with a final SPP issue price being 4.123 cps. The SPP was underwritten and 38 million MSC shares were placed out under the underwriting agreement. Unfortunately, following this placement the placee was pressed to meet an urgent and unpredicted financial commitment and instead of holding the MSC shares which had been his stated intention, the shares have been recently liquidated in the market at high volume. This resulted in sales volumes that were well above normal trading volumes for our stock, and put severe downward pressure on the MSC share price. Once we were alerted to the source of this selling and the risk that this imposed on MSC’s share price, we introduced brokers to the placee to discuss and potentially address this matter. We are pleased to announce that the remaining 15 million shares from this 38 million parcel was fully liquidated on 23 November 2005.

    We have received many enquiries from shareholders asking for the reasons for the sudden drop in our share price and we trust this announcement clarifies the position. We look forward to the shares returning to normal trading volumes and hopefully at prices more appropriate to the Company’s value. The audited NTA per share of Minerals Corporation is 17 cps as at 30 June 2005.

    C V Alexander

    Managing Director

     
  10. Dan_

    Dan_ Jnr VP of Photocopying

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    Re: Minerals Corp MSC MSCO

    This stock was pushed and pushed by the fat boys and finally they dumped it.....looks like they got out near the very bottom.

    Must be a lot of unhappy subscribers who followed this one
     
  11. sam76

    sam76

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    Re: Minerals Corp MSC MSCO

    up 50%
     
  12. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: Minerals Corp MSC MSCO

    I recall a similar explanation the last time the sp took a dive, something about an ex-dir or employee who was liquidating his/her holding. Too risky for me and if the fat prophets have dropped it then they don't see value there. Only the chart left to guide me and it ain't pretty. Also if it's worth what the co says it is (17cps NTA?) why did they offer shares at sucha HUGE discount? The price discounts everything.
     
  13. sam76

    sam76

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    Re: MSC - Minerals Corp

    Movement on volume with this one today...
    Perhaps Japanese order imminent?
     
  14. davepan

    davepan

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    Re: MSC - Minerals Corp

    the move yesterday was very unusual, 10 times the normal volume and a huge jump of 30%

    could somebody in the know be buying up big?

    is there good news around the corner finally????????

    did anybody else get extremly worried when comapny issued 6m shares a couple of weeks ago to raise a measly $120,000? What could have been so pressing that required them to issue shares for a paltry $120,000?

    that announcement got me very very worried.
     
  15. Alfredbra

    Alfredbra

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    Re: MSC - Minerals Corp

    anyone have an eye on MSC?
     
  16. Freeballinginawetsuit

    Freeballinginawetsuit

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    Re: MSC - Minerals Corp


    Been watching them, Don't know anything about them though. Could be something up!.
     
  17. Alfredbra

    Alfredbra

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    Re: MSC - Minerals Corp

    yer, i just came accross the charts dont know nothin bout them either, buts its looking very interesting. might have to check them out. perhaps a reversal might be on its way?
     
  18. donjohnson

    donjohnson

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    Re: MSC - Minerals Corp

    Wooooooooooooooosh - was up 100% at one point today, we'll see how she continues.

    Kicking myself for not buying in this morning!
     
  19. Alfredbra

    Alfredbra

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    Re: MSC - Minerals Corp

    damn it! i was gonna buy that f*****er :banghead:
     
  20. SevenFX

    SevenFX

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    Re: MSC - Minerals Corp

    Another Great Day for MSC, UP 29% with 29m traded so far....

    Buyers 90m Vs Sellers 15m :eek:
     

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