Foe
12 years ago
NEWS!
http://203.15.147.66/asx/research/companyInfo.do?by=asxCode&asxCode=prw
http://wotnews.com.au/announcement/new_substantial_holder_for_proto_resources_investments/01248605/
Becoming a substantial holder Thu, 1 Dec 2011 10:56:00 +1000 1 day, 11 hours ago
603 Page 1 of 3 15 July 2001 Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Company Name/Scheme ACN/ARSN Proto Resources & Investments Limited 108 507 517 1. Details of substantial holder (1) Name ACN/ARSN (if applicable) Andrew Kenneth Bruce Mortimer The holder became a substantial holder on 30/11/2011 2. Details of voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows: Class of securities (4) Fully paid ordinary shares Number of securities 24,502,619 Person's votes (5) 24,502,619 Voting power (6) 5.4% Total 5.4% 3.
Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Andrew Kenneth Bruce Mortimer Nature of relevant interest (7) Registered Holder Class and number of securities 24,502,619 Ordinary fully paid shares 4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Andrew Kenneth Bruce Mortimer Archenland Pty Ltd Registered holder of securities Andrew Kenneth Bruce Mortimer Archenland Pty Ltd Person entitled to be registered as holder (8) Andrew Kenneth Bruce Mortimer Archenland Pty Ltd Class and number of securities 24,302,619 fully paid ordinary shares 200,000 Ordinary fully paid shares 603 Page 2 of 3 15 July 2001 5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows: Holder of relevant interest Andrew Kenneth Bruce Mortimer Archenland Pty Ltd Andrew Kenneth Bruce Mortimer Date of acquisition Consideration (9) Cash 16 August 2011 16 August 2011 30 November 2011 49,612 9,083.06 Nil Non-cash N/A N/A N/A 1,100,000 ordinary fully paid shares 200,000 ordinary fully paid shares 1,500,000 ordinary fully paid shares Class and number of securities 6.
Associates The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows: Name and ACN/ARSN (if applicable) N/A Nature of association 7. Addresses The addresses of persons ....
Foe
13 years ago
My enthusiasm for PRW has been steadily growing this year and after listening twice to AM at last weeks ARCUSA conference see http://live.arcusa-newyork.com/09-AndrewMortimer.html , am convinced this is the pick of the small cap miners on my radar with market cap of $23M.
The preso focuses on the ideally located Barnes Hill nickel project and their proprietary processing treatment, which is cost effective as well as environmentally advantageous.
Andrew explained the project is unique with port facilities, sealed road, Beaconsfield township all very close and the project is nearing the end of three years assessment with proven resource and very profitable metrics. They plan to be in production by late 2012/early 2013.
The clincher as Andrew explains, is they have so much momentum with a number of key milestones expected in the next 2-6 weeks:
o Tassie mining approvals
o The development proposal, which has been informally shown to authorities will be lodged during this time and expected to have little resistance
o Update on their proprietary processing trial to be released
o $45M financing progress
When you consider above plus the support of big boys JP Morgan and Macquarie bank as well as their other projects, particularly Doolgunna - with a market capital of $23M this is a standout stock that may start to run in the very short term. Be staggered if market cap is not five, perhaps ten fold within the next 12 months
By: (Upmarket) from http://www.hotcopper.com.au/
Price now:
http://finance.yahoo.com/q?s=PRW.AX
I think we can see it at 30-40cent
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