CRESTON MOLY CORP. = Neue Molybdän-Perle
% Shares Owned: 9.38%
# of Holders: 1
Total Shares Held: 26,818,300
3 Mo. Net Change: 26,818,300
# New Positions: 1
# Closed Positions: 0
# Increased Positions: 1
# Reduced Positions: 0
# Net Buyers: 1
http://www.reuters.com/finance/stocks/financialHighlights?symbol=CMS.V
Holder Shares Held % of Shares Held
Sprott Asset Management LP 26.82m 9.38% as of 28 Feb 2011
Mackenzie Financial Corp. 24.00m 8.39% as of 31 Dec 2010
Mavrix Fund Management, Inc. 4.00m 1.40% as of 30 Jun 2010
Goodman & Co. Investment Counsel Ltd. 1.57m 0.55% as of 31 Dec 2010
Front Street Capital, Inc. 80.40k 0.03% as of 31 Oct 2010
http://markets.ft.com/tearsheets/businessProfile.asp?s=CMS:CVE
http://www.minenportal.de/artikel.php?sid=34833&lang=en
(kauften bereits gestern 83,5k)
Zur Erinnerung:
Raymond James Ltd. hatten im Januar das Kursziel für Creston Moly von 0,70 Can$ auf 0,85Can$ erhöht.
http://business.financialpost.com/2011/01/11/...E2%80%93-jan-11-2011/
Das sollte sich zusätzlich auf den Kurs auswirken, und da ist richtig Druck auf dem Kessel.
Und ich sag mal vorsichtig: Die 0,85CAD sind Schnee von gestern; denn es hat sich einiges erfreuliches bei Creston getan, was bislang nicht eingepreist ist.
Wobei ich hier schon mal angemerkt habe: Wer weiß, was hinter den Kulissen so (ab)gesprochen ist - CIBC, Dundee und Trust....
Crosstrades Haywood: 925k zu 0,45 Can$
Grösster Käufer: CIBC World Markets
Hong Kong (Platts)--28Mar2011/620 am EDT/1020 GMT
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/8714880
129k, 126,5k, 200k
CIBC und Haywood kaufen weiter: 157k und 300k
Canaccord grösster Verkäufer: 459k (bis 17:22)
Der Kurs "klebt" weiterhin an den 0,45 Can$...
Ich denke, das wird dann auch der Kaufpreis gewesen sein.
Sprott hat somit rund 12 Millionen Can$ in Creston investiert.
Mal schauen, was für ein Gewinn für ihn dabei herausspringt!
abgesehen davon, dass Creston geschickt von einigen Großen eingesammelt wird, sollte C. nun endlich durchstarten. Es ist sehr viel an Potential da. Mich wundert es, dass dies von den Moly-Interessierten noch nicht entdeckt wurde. Da hier kaum welche lesen, kann ichs ja so schreiben und brauch mir keine Gedanken zu machen, dass ich in irgendeiner Weise "pushe". Warten wir die nächsten Handelstage ab.
Monday, April 11, 2011 11:23 AM http://www.istockanalyst.com/business/news/...t-creston-moly-corp-cms
Vorher riesiger Umsatz mit folgenden Grosskäufern:
Raymond James Ltd. : mind. 1,15 Mio
Haywod Securities: mind. 320k
Anonymous: mind 100k
Mercator and Creston Announce Friendly Business Combination to Create a Significant Copper-Moly Company With An Industry-Leading Growth Profile
Vancouver, B.C., Tuesday, April 12, 2011
http://www.crestonmoly.com/s/...-Business-Combination-to-Create-a-Sig...
Scotia auch ansonsten grösster Käufer zur Eröffnung mit 300k!!
Dazu noch ein Crosstrade mit 1,5 Mio und noch einmal 100k !!
Apr. 12, 2011 (Canada NewsWire Group) --
VANCOUVER, April 12 /CNW/ - Mercator Minerals Ltd. (TSX: ML) ("Mercator") and Creston Moly Corp. (TSXV: CMS) ("Creston") are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Mercator will acquire all the outstanding common shares of Creston by way of a plan of arrangement.
Under the plan of arrangement, shareholders of Creston will receive 0.15 of a common share of Mercator and $0.08 in cash, in respect of each common share of Creston. This represents an implied premium of 43% and 40% based on each company's closing price and 20-day volume weighted average share price, respectively, as at April 8, 2011 (the last full day of trading for Creston prior to announcement). The proposed transaction values Creston at approximately C$195 million.
The board of directors and management of the combined company will draw from the expertise of both companies. Mr. Gavin Thomas will continue as Non-Executive Chairman. Mr. Bruce McLeod (current President and CEO of Creston) will become President and CEO of the combined company. Mr. Michael Surratt (current President and CEO of Mercator) will continue to work with the combined company, on a consultancy basis, as Technical Advisor to the President and CEO. Mr. Mark Distler will continue in his current role as CFO of the combined company. The combined board of directors will be comprised of Gavin Thomas (Non-Executive Chairman), Bruce McLeod (President and CEO), Colin K. Benner, Joseph Keane, Stephen Quin, Robert Quinn, Ron Vankoughnett and one additional independent director to be appointed at a future date.
Creston owns a 100% interest in El Creston, an advanced development-stage moly-copper project located in Sonora, Mexico. El Creston has a Measured and Indicated resource of 336 million pounds of molybdenum and 281 million pounds of copper which will increase Mercator's Measured and Indicated molybdenum resource by 85% to 732 million pounds (141% and 956 million pounds including Creston's Moly Brook and Ajax projects) and its Measured and Indicated copper equivalent resource by 38% to 7,781 million pounds (62% and 9,098 million pounds including Creston's Moly Brook and Ajax projects). Creston recently completed a preliminary economic assessment on the El Creston project which indicated robust economics based on a molybdenum and copper price of US$15.00/lb and US$2.60/lb, respectively (vs. current spot molybdenum and copper prices of US$17.10/lb and US$4.38/lb). The project is expected to generate average annual production of approximately 24 million pounds of molybdenum and approximately 16 million pounds of copper over a 13 year mine life. The preliminary economic assessment indicated an after-tax NPV8% of over US$560 million and an IRR of approximately 22%.
Mr. Michael Surratt, current President and CEO of Mercator, stated: "By adding a world-class development asset like El Creston to our portfolio, we are establishing an attractive and continuous growth pipeline commencing with the Phase II Expansion at Mineral Park in July 2011, followed by the development of El Pilar in 2012 and then El Creston in 2013. We see this as a significant first step towards creating a strong intermediate base metals company with an attractive growth profile. Bruce McLeod is well known to the capital markets and has a proven track record of creating shareholder value. I am excited that he has agreed to take the combined company to the next stage in its evolution."
Mr. Bruce McLeod, current President and CEO of Creston, stated: "The proposed transaction delivers an immediate and significant premium to our shareholders. Moreover, it provides our shareholders with the opportunity to participate in the enormous growth potential of the combined portfolio of producing and development assets. This transaction will create a significant copper-moly company with an industry-leading growth profile and the management resources, capital markets profile and access to capital necessary to realize on the full potential of its portfolio. I am excited by the prospects we have ahead of us and I look forward to continuing to create shareholder value for the combined shareholder base in my new role."
The board of directors of Mercator would like to recognize and express its gratitude to Mr. Surratt for his years of service to Mercator. Under Mr. Surratt's leadership, Mercator has assembled one of the most experienced operating teams in the industry, completed the acquisition of a major copper development project in El Pilar and grown the Mineral Park mine from a small copper heap leach operation in 2003 into one of the largest new mines in North America. While Mr. Surratt has decided to retire from the position of President and CEO, the board is pleased that he has agreed to continue in a consulting capacity to the new President and CEO, where his experience will benefit the operations at Mineral Park as well as the development activities at Mercator's two Mexican projects.
Transaction Details
The proposed transaction will be carried out by way of a plan of arrangement, the implementation of which will be subject to approval by at least 66 2/3% of the votes cast at a special meeting of Creston shareholders that is expected to be held in mid to late June 2011 followed by and subject to the approval of the Supreme Court of British Columbia. Pursuant to the terms of the arrangement agreement between Mercator and Creston, the proposed transaction is also subject to applicable regulatory approvals and the satisfaction of certain closing conditions customary for transactions of this nature. The arrangement agreement also provides for, among other things, customary board support and non-solicitation covenants from Creston (subject to customary "fiduciary out" provisions that entitle Creston to consider and accept a superior proposal and a 5 calendar day "right to match" in favour of Mercator). The arrangement agreement also provides for the payment of a termination fee of C$5.5 million to Mercator and the payment of an expense reimbursement fee of C$5.5 million to Creston if the proposed transaction is not completed in certain specified circumstances.
The board of directors of Creston, after receiving the recommendation of its special committee and consultation with its financial and legal advisors, has unanimously determined that the proposed transaction is in the best interests of Creston, is fair to the shareholders of Creston, and to recommend that shareholders of Creston vote in favour of the proposed transaction. BMO Capital Markets, financial advisor to Creston and its board of directors, has provided an opinion to the effect that the consideration to be received by shareholders of Creston is fair, from a financial point of view, to shareholders of Creston. All of the directors and senior officers of Creston have entered into customary voting support agreements pursuant to which, among other things, they have agreed to vote their common shares of Creston (representing approximately 3.2% of the outstanding common shares of Creston) in favour of the proposed transaction. In addition, certain other shareholders of Creston holding approximately 8.3% of the outstanding common shares of Creston have entered into customary voting support agreements pursuant to which, among other things, they have agreed to vote their common shares of Creston in favour of the proposed transaction. Upon closing, outstanding options and warrants to purchase common shares of Creston will entitle the holders to common shares of Mercator with the number of common shares and/or exercise price adjusted, as appropriate, to reflect the consideration to be received by shareholders of Creston pursuant to the plan of arrangement.
The terms and condition for the proposed transaction will be summarized in Creston's management information circular, which will be filed and mailed to shareholders of Creston in early to mid May 2011. If it is approved by shareholders of Creston, it is anticipated that the proposed transaction will be completed in late June 2011.
Copies of the arrangement agreement between Mercator and Creston and certain related documents will be filed with Canadian securities regulators and will be available on the SEDAR website at www.sedar.com. The management information circular will also be available at www.sedar.com.
Advisors and Counsel
Haywood Securities Inc. is acting as financial advisor to the special committee of the board of directors of Mercator. DuMoulin Black LLP is acting as legal advisor to Mercator. Gowling Lafleur Henderson LLP is acting as legal advisor to the special committee of the board of directors of Mercator.
BMO Capital Markets is acting as financial advisor to Creston and its board of directors. Morton & Company is acting as legal advisor to Creston. McCarthy Tetrault LLP is acting as legal advisor to the special committee of the board of directors of Creston.
Conference Call
Mercator and Creston will hold a joint conference call to discuss the proposed transaction at 7:00 am Pacific Time (10:00 am Eastern Time) on Tuesday, April 12, 2011. To participate, please use the following conference call details:
Local dial in number: (647) 427-7450
Toll-free dial in number: (888) 231-8191
Passcode: 59407385
The call will also be webcast live by CNW Group and can be accessed at http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3481720. The call and presentation can be accessed at Mercator's or Creston's websites at www.mercatorminerals.com or www.crestonmoly.com, respectively. The call will also be available for replay by dialing (toll free) 1-800-642-1687 or 416-849-0833 (Passcode 59407385 followed by the number sign) for 14 days.
NI-43-101 Qualified Persons
Gary Simmerman, BSc., Mercator's VP Engineering, a NI 43-101 Qualified Person, supervised the preparation of and verified the Mineral Park technical information contained in this release.
Mike Broch, BSc, Geology, Msc, Economic Geology, FAusIMM, Mercator's VP Exploration, a NI 43-101 Qualified Person, supervised the preparation of and verified the El Pilar technical information contained in this release.
Dave Visagie, P. Geo, Creston's Exploration Manager, a NI 43-101 Qualified Person, supervised the preparation of and verified the El Creston technical information contained in this release.
About Mercator Minerals Ltd.
Mercator Minerals Ltd. is a TSX listed mining company with an experienced management team that has brought the mill expansion at the Mineral Park Mine, one of the largest and most modern copper-moly mining-milling operations in North America, to production in less than 2 years. Mercator management is dedicated to maximizing profits at the Mineral Park Mine and the development of the El Pilar copper project in Mexico.
About Creston Moly Corp.
Creston is a mineral exploration company focused on the exploration and development of the El Creston Property in Sonora, Mexico, of which the Company holds a 100% interest.