Noventa... die Bombe!
2011 sind weitere kuerzerungen in exporten von seltenen Erden geplant... Noventa is eines der wenigen haupt profiteure dieser hype.
http://watch.bnn.ca/commodities/april-2011/...ril-14-2011/#clip450284
SEC Delays Federal Rules and California Senate Passes New Bill
Posted on April 13, 2011 by Sarah A. Altschuller http://www.csrandthelaw.com/2011/04/articles/...nate-passes-new-bill/
EU drags its heels over conflict minerals
ANDREW WILLIS 15.04.2011 @ 09:23 CET http://euobserver.com/9/32180
# of Holders: 12
Total Shares Held: 9,853,334
3 Mo. Net Change: -218,605
# New Positions: 0
# Closed Positions: 1
# Increased Positions: 0
# Reduced Positions: 2
# Net Buyers: -2
http://www.reuters.com/finance/stocks/...;rpc=66http://www.google.de/
Richmond Capital LLP 1.98m 7.71% as of 09 Feb 2011
Kaizen Capital LLC 1.33m 5.19% as of 09 Feb 2011
FIL Investments Internationa 900.00k 3.51% as of 20 Jan 2010
BlackRock Inv.Mangmt (UK) Ltd 612.00k 2.38% as of 20 Jan 2010
Majedie Asset Management Ltd 374.19k 1.46% as of 31 Jan 2011
ges.: 20.25%
http://markets.ft.com/tearsheets/businessProfile.asp?s=NVTA:LSE
April 27, 2011
http://online.wsj.com/article/...76236132463855532.html#ixzz1Kpw6TyI3
Der Dodd-Frank-Act und seine Auswirkungen auf den Tantalmarkt
Dieter Huy, Maren Liedtke, Frank Melcher & Torsten Graupner
Hannover, den 19.05.2011
http://www.dgg.de/cms/upload/pdf2011/...ungen_auf_den_Tantalmarkt.pdf
28 June 2011
http://noventa.net/pdf/28062011-Progress-Update.pdf
January 24, 2012, 6:25 am
http://au.news.yahoo.com/thewest/business/a/-/wa/...na-tantalum-mine/
Thu, Jan 26, 2012
By Michelle Smith–Exclusive to Tantalum Investing News
http://tantaluminvestingnews.com/2168/...etals-mine-wodgina-tantalum/
The company, which hoped to raise the funds through loan financing from its largest shareholder, Richmond, or through an equity offering, said that the funding needed to complete its much-delayed Marropino process plant upgrade, in Mozambique, had increased marginally.
Fernandez-Torres estimated that a minimum of a further $16.7-million in funding, after expenses, would be required to repay a $10-million bridging loan facility, of which $7.7-million has been drawn, by July 31, as well as supply sufficient working capital until the mine starts generating positive cash flows during the first quarter of 2013.
Another $13.3-million of the proposed raising would be allocated to the developments of the Morrua project, while $500 000 would fund the company’s initial activities at Mutala. Both projects are in Mozambique.
Another $2.5-million would be used for Noventa’s licences, as well as increase its presence in the Democratic Republic of Congo (DRC), and $2-million would be set aside for expenses.
The company, which secured additional funds of $36.9-million in August, of which $6.8-million has been received during 2012, said that following a difficult 2011/12 period, it was “back on track” to becoming a profitable, value-creating group.
Noventa established operations in a conflict-free zone that held rich tantalum and tin mineralization in the Katanga province of the DRC.
“Initial supplies of conflict-free tantalum have already been exported from the DRC for processing in the US under the American-led 'Solutions for Hope' programme,” said Fernandez-Torres, adding that tantalum concentrate exports from the DRC were expected to start in the fourth quarter of 2012.
Further, Noventa started pilot-scale mining activities at its Mutala project, including the recruitment of local workers, and continued further geological studies to develop a mining plan and upgrade the resource.
At the company’s $60-million Morrua project, further geological testing, including drilling and bulk sampling, would also be initiated in efforts to complete a bankable prefeasibility study, which, if successful, would kick off an offtake agreement during the second half of 2012. This would push Morrua into production during 2013 or early 2014
Noventa in peril unless new funding is agreed
Tuesday, July 24, 2012 by Philip Whiterow
Troubled tantalum miner Noventa (LON:NVTA) stumbled again as it warned unless it agrees a new funding deal with its main shareholder it could become insovent.
The group is seeking an extra US$35mln of funding but conceded today there was no prospect of using equity finance as part of the package.
The company is now attempting to arrange a secured loan from a syndicate of lenders that includes its current lender and major shareholder Richmond Partners.
Failure to reach agreement to extend its current US$10 mln loan facility or for a longer term funding package could "see the company become insolvent". it said.
Noventa has been hit by operational issues at its Marropino tantalum mine in Mozambique. The shares have fallen from over 20 pence in January.
("Noventa" or the "Company") (AIM: NVTA; PLUS: NV)
Loan Extension
20 November 2012
Further to the announcement of 9 November 2012, Richmond has agreed to extend the term of the Revised Facility to the earlier of 26 November 2012 and the completion of the Secured Loan, or such later date as Richmond may agree. The Company and Richmond are continuing to progress towards the completion of the Secured Loan, which is expected to now take place on or around 21 November, and will make a further announcement in due course.
(The definitions used above are the same as those used in the announcement of 6 August 2012.)
http://www.finanznachrichten.de/nachrichten-aktien/noventa-limited.htm
http://de.advfn.com/...cchart&s=l^nvta&p=1&t=39&vol=1
posted Tuesday 09:16
Subject Re: Good Luck & Congrats
"(I am actually repeating a part of my previous post)
Just looking at the RNSs & calculating, (nothing from my own imagination)
1) "net cash generative" (ref: 28 Sep 2012 RNS, MANAGEMENT DISCUSSION & ANALYSIS, 3.Operations review, para 7 last line).
Quote
"The current spot price of Ta2O5 concentrate is c$130 per lb of Ta2O5. Only a small proportion of Ta2O5 concentrate is traded on the spot market and the prices are volatile. There are no exchange traded contracts for Ta2O5. Most Ta2O5 worldwide is supplied under off-take agreements with refiners. The Group's off-take agreements have multiple pricing points and are at a 42.0% to 51.0% discount to the current spot price. Both of these contracts are now expected to be net cash generative on a per Lbs Ta2O5 basis for the Group after the allocation of all expenditure, including administrative expenses."
Unquote
(So, the existing contracts from Marropino mine are being sold between $75 to $64 per lb of Ta2O5.)
2) Cost of production & transportation of less than $40/lbs(ref: Page 21 last para of Noventa annual info form)
This gives a profit of $24 to $35 per lb of Ta2O5.
If we take the production meeting the target (probably a condition for secured loan) then that gives a revenue of 600000 lbs X $29.5 (Avg price) = US$ 17.7 million gross profit = GBP 11.08 million.
It is a thumb rule of market where the minimum Mkt cap normally corresponds to about 15 to 20 times of the gross profit. So a sp of above 100p (£1) is very achievable. Plus when other income streams like from DRC & Morrua starts to come in, the potential goes even higher.
Also nothing to get surprised with £1 sp as there will be many shareholders whose holding price will be in tune of £2 per share (just see the 5 years graph).
Just 50% of target production should give it a mkt cap of more than GBP60 million. Today the mkt cap is just around 5 million GBP.
GL to all shareholders from the core of my heart"
http://www.iii.co.uk/investment/detail/...tion=detail&id=10198836
("Noventa" or the "Company") (AIM: NVTA; PLUS: NV)
Completion of Secured Loan Financing Agreement, Outline of Forthcoming Extraordinary General Meeting & Notice of Proposed Change of Terms for Preference Shareholders
22 November 2012
Further to the announcement of 6 August 2012, the Company is pleased to announce that it has completed a medium term secured loan refinancing package (the "Secured Loan" or "Secured Loan Agreement") with its existing lender and largest shareholder, Richmond Partners Master Limited ("Richmond" or the "Lender"), certain aspects of which are conditional on shareholder approval. The Secured Loan consists of extending new funds as well as refinancing the Company's existing short term loan facilities with Richmond (the "Existing Facilities"). This will enable the Company to move forward with its development and expansion plans, as outlined in the Company's half-yearly report published on 28 September 2012.
http://www.iii.co.uk/investment/detail/...ticle&articleid=8791674
londonz, Tue Nov 20, 2012 11:09 am
interesting post from advfn:
-----------------------------------
Guys, as a few had mentioned, the company is registered in Jersey and under Jersey Law, there are much more extensive due diligence which needs to be carried out by company before loan to be approved. As we all know, Jersey is tax haven and thus, these extra due diligence is requirement by Jersey authority.
the fact that Richmond willing to extend this short term loan as long as it takes in order this loan term loan is secured, it means Richmond and NVTA already agreed on the long term loan and i would believe, all conditions are met, but just few bits (maybe to do with tax authority in Jersey) that waiting for sign off by tax authority in Jersey for this loan to be signed off.
so, perhaps NVTA has got verbal confirmation from Jersey authority saying all ok, and expect paperwork sign if not today/tomorrow.
we are producer of rare earth which in very high demand and tantalum price has been increasing for the past few months due to maybe demand on electronics items such as iphone etc, we are worth more than 100m market cap.
so, as copied from the prior post Dusseldorf 1728 below,
For those who may try and work out the market cap /valuations I've done a simple table to help inject some realism i.e. don't just come up with a number, back it up with some profit projections to justify mcaps:
Price (£)....Mcap (£)
0.04.........4.8m
0.06.........7.1m
0.08.........9.5m
0.10........11.9m
0.12........14.3m
0.14........16.7m
0.16........19.1m
0.18........21.5m
0.20........23.9m
0.40........47.8m
0.80........95.6m
ie, we are worth more than 80p per share!!
http://www.worldstocks.co.uk/forum/...?nomobile=1&f=19&t=1475
("Noventa" or the "Company") (AIM: NVTA; PLUS: NV)
Operations update
28 November 2012
http://www.iii.co.uk/markets/...;articleid=8795924&action=article
28 November 2012 | 16:02pm
StockMarketWire.com - Noventa's [LON:NVTA] shares plunged after it revealed that performance of the new process plant at the Marropino mine had been lower than expected.
It said design failings have been identified which require remedial work to be completed on existing equipment and also the installation of new equipment, the estimated cost of which is $2.5m.
The availability of funds to complete the more capital intensive work was dependent on the company finalising the terms of the secured loan.
The company has drawn down $2.5m of these new funds and is now seeking to procure and deliver the necessary equipment and services to Marropino to address these matters.
http://www.stockmarketwire.com/article/4493411/...t-of-forecasts.html
Holding(s) in Company
RNS Number : 3268S
Noventa Limited
29 November 2012
NOVENTA LIMITED
("Noventa" or the "Company") (AIM: NVTA; PLUS: NV)
Disposal of Substantial Shareholding in the Company
29 November 2012
The Company has today been informed that following a series of market trades on 28 and 29 November 2012, Richmond Partners Master Limited ("Richmond") no longer holds any ordinary 0.8p shares in the Company. Richmond remains the Company's major creditor following the completion of the medium term secured loan refinancing package announced on 23 November 2012. Luca Bechis is both a non-executive director of Noventa and an associate of Richmond (as defined in the AIM Rules for Companies).
http://www.investegate.co.uk/...ng(s)-in-company/201211291200033268S/
("Noventa" or the "Company") (AIM: NVTA; ISDX: NV)
Update on Operations and Discussions with Lender
& Equity Finance Facility
1 March 2013
http://www.investegate.co.uk/...te-on-operations/201303010700229691Y/
Mon 18 Mar 2013
http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20767300