re: Ann: Conditional Agreement for Sale of St...
have to agree...looks like its being held back...
-------------------------- asx ann 07/05/2013 Shandong Qixing Iron Tower Co. Ltd (“Shandong”) (002359.SZ)
Shandong is prepared to pay an indicative price of US$140 million or above for Stonewall Mining.
The Board of Directors of Stonewall have considered and approved Shandong’s final offer to acquire Stonewall Mining
see Ttop 20 list at the bottom ---------------------------------------------- 2 DIRECTORS appointed 29 jan 2013 asx announcement
Stonewall Resources Limited (ASX: SWJ) is pleased to announce the appointment of two new Directors to the Stonewall Board, Yang Liu and Jian Shen.
Mr Liu will also serve as a member of the Remuneration Committee and the Disclosure Committee, while Mr Shen will be appointed as the Chairman of the Audit Committee.
ABOUT
Mr Liu is the founding partner and President of Hanhong Private Equity Investment Company.
Mr Shen is currently the Chief Financial Officer of Hanhong Private Equity Investment Company -------------------------------------------------- PRODUCTION Stonewall is currently processing gold from tailings dumps located within its TGME and Bosveld Projects, from which it is earning revenue and aims to introduce two additional near term production targets during 2013. _______________________________________________________
a virtual unknown stock.listed in late 2012.... don't think most of the market even knows its exists
I feel the asx announcement has been mostly overlooked given its listing price and since then...appears there has been a concerted effort to bring the price down to flush out holders....
trading appears to indicate ...based on volumes...that what is on is issue is very tightly held....now they want the rest _____________________________________________________
Last qtr report NO Debt
Cash on Hand...$6,444,000
Going from explorer to Producer ................. Operational ? Re-commissioning of Theta Mine completed, and mining commenced ? Construction for the upgrade of the TGME Pilgrims Rest Plant: - Circuit 1 (crushing, milling, differential flotation, precon circuit, CIL Plant) completed
- Processing of Theta ore commenced 30 March 2013 - Theta Plant rebuilt and underground development and re-commissioning
completed within four months and within budget ($2.8m)
? Stonewall successfully concluded the feasibility study into the re-opening of Rietfontein underground mine
? TGME granted the New Order Mining Right for the Glynn’s Lydenburg Project
? Bosveld Mines granted conversion to a New Order Mining Right for the Klipwal/Kortnek Project
------------------------------------------------
shares Total number .....404,498,924..most in escrow Number quoted......185,729,305....trading
Escrow shares estimate..218,769,619
OPTIONS 20c ex ...................10,860,0000 fully diluted ...................415,358,924
(20min delay)