KAI - Kairos Minerals

doctorj · 5 August 2009

Re: MPJ - Mining Projects Group

Everything in balance I spose. I had a small punt on the oppies some time ago, but sold those when it was clear the company had issues. Potential here with new management and more direction. With a current market cap south of $4mm, why not buy the company, divest their minority equity positions when the mkt is a little more favourable and take the more valuable assets (eg. the ground next to MOL - incidently, I've spoken to the folk at MOL on many a time and they have excellent mgt who are quite bullish on the Fe they have) and do something with it.

That something make take the form of some kind of tie up with MOL's Fe, depending on the geology - may be an opportunity for them to grow the size of the resource and boost early volume.

YOUNG_TRADER · 5 August 2009

Re: MPJ - Mining Projects Group

doctorj said:
Everything in balance I spose. I had a small punt on the oppies some time ago, but sold those when it was clear the company had issues. Potential here with new management and more direction. With a current market cap south of $4mm, why not buy the company, divest their minority equity positions when the mkt is a little more favourable and take the more valuable assets (eg. the ground next to MOL - incidently, I've spoken to the folk at MOL on many a time and they have excellent mgt who are quite bullish on the Fe they have) and do something with it.

That something make take the form of some kind of tie up with MOL's Fe, depending on the geology - may be an opportunity for them to grow the size of the resource and boost early volume.

NTA's like 0.0025-0.0028 lets do an ASF takeover Doc at 0.003 sell all the assets, then go to China and get some interest over at Talga Peak lol, seriously I cant believe they know the following

"Until now, this major regional structure which has 12km of strike has received very limited exploration. This shear zone extends from the western boundary of the tenement which is shared with Atlas Iron Limited, through to the eastern boundary shared with the Spinifex Ridge project, owned and operated by Moly Mines Limited."

and have done nothing substantial to date, I mean sure they've kicked a few rocks but what about some serious drilling?

But then again it took LKO nearly 2 years to re-drill the Wombat area, oh but when they finally did the stock shot from 0.004 to 0.017c and while thats does not mean MPJ will do the same LKO did have 4Billion something shares and for a time became the traders favourite stock

Hoping lighting strikes twice!

doctorj · 5 August 2009

Re: MPJ - Mining Projects Group

MOL will also have all sorts of infrastructure used by the Molybdenum operation that would be helpful to accelerate the Fe in the region should it go ahead. Taking it private would dramatically increase potential returns, but could you live without the liquidity? What's the exit?

YOUNG_TRADER · 5 August 2009

Re: MPJ - Mining Projects Group

doctorj said:
MOL will also have all sorts of infrastructure used by the Molybdenum operation that would be helpful to accelerate the Fe in the region should it go ahead. Taking it private would dramatically increase potential returns, but could you live without the liquidity? What's the exit?

We got 3 options Doc

1. Do some work at Talga Peak find a heap of Iron Ore re-list it when the mkt goes crazy at 20c

2. Do some work at Talga Peak find a heap of Iron Ore and sell it to the Chinese for 1 Gagilion dollars!

3. Do some work at Talga Peak find nothing and swap it to Kennas for Rum!

stu_lee44 · 6 August 2009

Re: MPJ - Mining Projects Group

did any option holder buy any option again @0.01cents? I didn't and just let my hundred bucks go to water.

It's interesting to see YT still keep his interest in this one. Now they got nearly 2 million cash now. Before that, they only had 170,000 in the bank.Anyway, they survived after successful placement. Let's see what's going on here.

YOUNG_TRADER said:
Not really that much under water as this was never a huge position, I think 0.003 is break even

Think from current levels it offers good upside as nearly every other micro cap spec I have held or watched has run LKO EGO EXM TAM WAG SPP AAF ADY MKY PDY ORO CFR FUT

even that dog MHL is running after doing a 1 for 1 at 0.001 almost 1Billion shares and they have only around $600k cash and now its trading at 0.004

Not one to bet the house on but I think everyone needs a little spec, dog or not :

snap82 · 7 August 2009

Re: MPJ - Mining Projects Group

Been holding this one for a while lets hope it goes for a run like LKO!! Lets hope it's a winner YT.

happytown · 27 August 2009

Re: MPJ - Mining Projects Group

important notice for holders of MPJO which expired worthless on 31/07/09

ann yesterday re offer of options to those optionholders whose oppies expired worthless

An offer of three (3) new MPJOA options (with an exercise price of 0.2 cents and an expiry date of 6 July 2014) for every four (4) expired MPJO options (which had an exercise price of 0.9 cents and an expiry date of 31 July 2009) held at expiry on 31 July 2009, at an issue price of 0.01 cents per new MPJOA option

...

Lodgement of Prospectus 26 August 2009
Dispatch of Prospectus 28 August 2009
Closing Date 14 September 2009
Anticipated dispatch of holding statements 18 September 2009

...

1. The Offer

Mining Projects Group Limited (“the Company” or “Mining Projects Group”) has issued this Prospectus in connection with an offer to former holders of options which traded under ASX code "MPJO" ("Expired Options") of three (3) new options for every four (4) Expired Options held at expiry of those options on 31 July 2009, at an issue price of $0.0001 (0.01 cents) per new option ("the Offer").

Each new option will have an exercise price of 0.2 cents ($0.002) and an expiry date of 6 July 2014 ("New Options"). The New Options will entitle the holder, upon exercise, to one fully paid ordinary share in the capital of the Company (each "a Share"). The full terms of the New Options are set out in Section 8.

The Offer will be made to holders of Expired Options who were registered holding those options upon their expiry on 31 July 2009. The Offer will not be available in respect of any Expired Options that were exercised before expiry. If the Expired Options were exercised or transferred, the Offer will automatically lapse in respect of those options. The Company reserves the right, at its sole and absolute discretion to make the Offer to a person to whom the Expired Options were transferred before their expiry.

It is anticipated that the maximum number of New Options to be issued pursuant to this Offer is up to 766,888,341 New Options, subject to rounding down of fractional entitlements.

If the Offer is fully subscribed, it will raise up to $76,688 before costs of the Offer.

The Offer is not underwritten.

The Company will, within seven days of the date of this Prospectus, apply to ASX for admission of the New Options to official quotation.

Shareholders approved the issue of the New Options at the General Meeting held on 14 August 2009.

if you held for eg, 1,000,000 oppies that expired worthless on 31/07/09

you are now entitled to 750,000 new oppies for the cost of $75.00 (with an exercise price of .002, expiring on 6th july 2014)

cheers

another quality post brought to you by happytown inc

prawn_86 · 27 August 2009

Re: MPJ - Mining Projects Group

happytown said:
if you held for eg, 1,000,000 oppies that expired worthless on 31/07/09

you are now entitled to 750,000 new oppies for the cost of $75.00 (with an exercise price of .002, expiring on 6th july 2014)

cheers

I was one of those holders Think im going to cut my losses on this dog. Useless management who never seem to do anything except capital raisings to keep their cushy wages going.

I bet i could do a better job than these guys. And i'll do it for 30% of their pay...

BESBS Player · 19 November 2009

Re: MPJ - Mining Projects Group

As a wildcard, bought some MPJ at .002c.

Looks like a dog but if management manage to get into some project (and they claim to hope to do this by end of 09/early10, then a sudden SP spike offers huge leverege.

Happy to wait and see...

BESBS Player · 25 November 2009

Re: MPJ - Mining Projects Group

Nice to see a new Director of Exploration appointed. Sign of a new direction - and the experience at Newcrest won't hurt either! Still very early on but hoping that this is the first sign of a move to a re-rating...

Holding at .002c

prawn_86 · 25 November 2009

Re: MPJ - Mining Projects Group

BESBS Player said:
Nice to see a new Director of Exploration appointed. Sign of a new direction - and the experience at Newcrest won't hurt either! Still very early on but hoping that this is the first sign of a move to a re-rating...

Holding at .002c

Big punt on this one if you ask me BESBS. They havnt done anything in the last 3 yrs, so dont see why they will now. They have some potential projects, but i guess every explorer talks their dirt up.

Obviously i have been burnt before, so once bitten, twice shy, and all that jazz

Putty7 · 17 December 2009

Re: MPJ - Mining Projects Group

BESBS Player....

As a wildcard, bought some MPJ at .002c.

Looks like a dog but if management manage to get into some project (and they claim to hope to do this by end of 09/early10, then a sudden SP spike offers huge leverege.

Happy to wait and see...

Took a punt on these, agree with the theory BESBS, bought MHL on a punt when they started to show signs of life, this lot, while in a different industry, look similar, they kicked over a few rocks while things were good and did stuff all else, after the GFC it came down to surviving and pulling the finger out to get things happening, they seem to be doing this. Cheap share easily manipulated by the bigger traders when they start to look interesting, will be a wait and see but you never know.

BESBS Player · 17 December 2009

Re: MPJ - Mining Projects Group

Agree, Putty.

MPJ are a punt but if they do manage to get access to a decent project as management have indicated that they are aiming to do.

Everyone needs a tatts ticket in the bottom drawer

Megacents · 28 December 2009

Re: MPJ - Mining Projects Group

Yea in for a dabble the likes of a find in Karoo basin maybe good. Perhaps find some u308 and then onsell the exploration areas to a larger player.

Putty7 · 18 January 2010

Re: MPJ - Mining Projects Group

Unusual buying of MPJ today with volume up just under 100 million going through at .002, no news so not sure what to make of it, thought it was worth a mention.

Megacents · 18 January 2010

Re: MPJ - Mining Projects Group

Yea Putty7

A bit of movement in volume, wonder what is up? There has been a few small nibles on this stack, that normally has very little volume for a while.

Has there been a leak in the boat?

Putty7 · 19 January 2010

Re: MPJ - Mining Projects Group

Megacents said:
Yea Putty7

A bit of movement in volume, wonder what is up? There has been a few small nibles on this stack, that normally has very little volume for a while.

Has there been a leak in the boat?

I don't know why they are going through in volume all of a sudden but at time of writing buyers on the .002c side, sellers at .003c with 74 million shares through today.

Putty7 · 21 January 2010

Re: MPJ - Mining Projects Group

Putty7 said:
I don't know why they are going through in volume all of a sudden but at time of writing buyers on the .002c side, sellers at .003c with 74 million shares through today.

Its seems at least one of the directors was caught up in the buying spree with MPJ lately taking 50 million shares on market at .002c, it's only pure speculation on my behalf but LKO saw the directors hogging in at around .004c before they got their show rolling last year and their shares jumped to .017c, not sure what to read into but worth watching with shares being consumed at .002c at the moment.

Albi · 24 July 2010

Re: MPJ - Mining Projects Group

Have been holding a small punt since Jan at .002 now it is at .001. No movement, no news from management. What are they doing?

nioka · 24 July 2010

Re: MPJ - Mining Projects Group

Albi said:
Have been holding a small punt since Jan at .002 now it is at .001. No movement, no news from management. What are they doing?

The cash on hand has probably gone down by the same percentage as the SP. The confidence appears to have slipped further. With so many shares listed at .002 and so few buyers offering .001, I wouldn't have a bottom drawer low enough to place this one. Just my opinion. DYOR (You never know with wildcat prospectors some of them do win the lottery, most just use up money and keep dilutuing the shares forever with the directors and management playing games at the expense of gambling investors.)

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