TIMMINCO - metallurgisches SI für Solar (Seite 44)
neuester Beitrag 23.04.12 23:15:34 von
Abnahmeverträge der nächsten 4 Jahren wurden fixiert.
Da herrscht Planungssicherheit und das sollte auch für weiter steigende Kurse sorgen...
Mal ne Frage an die Long Aktionäre hier :
Im Board von Coalcorp Mining sitzt seit März dieses Jahres nun auch Herr Dietrich, scheint so als ob er von von Herr Entrekin der noch bei der Zeit dabei gewessen sein müsste als Timminco von 0,30 auf fast 35Dollar hoch ging.
Kann mir einer vielleicht was Genaueres zu den Herren sagen...danke
Board Coalcorp :
Charles Entrekin (Director)
Charles Entrekin Ph.D. has over 30 years of experience in the mining and metals sector and possesses significant public company experience at the executive officer level. He has recently served as President and Chief Operating Officer of Titanium Metals Corporation, a $1.3 billion NYSE listed producer of primary titanium and its alloys as well as President and Chief Executive Officer of Timminco Ltd., a $250 million TSX listed magnesium, silicon and aluminum company. Through his career Dr. Entrekin has led and implemented many successful restructurings and turnarounds of mining and metals companies in both North America and internationally. Dr. Entrekin holds an MBA from the University of Delaware as well as an M.Sc. and Ph.D from Drexel University.
Robert Dietrich (Director)
Mr. Dietrich, is currently Executive Vice President, Finance and Chief Financial Officer of Timminco Limited (TIM-TSX), a producer of silicon metal for the chemical and aluminum industries and solar grade silicon for the solar industry. Mr. Dietrich brings deep financial and accounting experience to the Board. He is a graduate of Queen's University (B. Comm), a Chartered Accountant and has held senior financial management positions in Canadian-based public companies over the past 20 years. Mr Dietrich began his career with Ernst & Young LLP in Toronto where he served in both the Audit and Corporate Finance practices. Mr. Dietrich has also served on various national committees of Financial Executives International (FEI) Canada
Timminco Confirms Auction
TORONTO, ONTARIO--(Marketwire - April 20, 2012) - Timminco Limited and its wholly-owned subsidiary Bécancour Silicon Inc. (collectively, the "Company") provided an update on the Company's marketing process in respect of the sale of its business and assets, in connection with the proceedings commenced by the Company under the Companies' Creditors Arrangement Act on January 3, 2012 (the "CCAA Proceeding") in the Ontario Superior Court of Justice (Commercial List) (the "Court").
The Company received a number of irrevocable and binding Phase II Bids, which were submitted yesterday in accordance with the Bidding Procedures. The Company has determined, in consultation with the Monitor, that there is more than one Qualified Phase II Bid (other than the Stalking Horse Agreement). Accordingly, the Company will proceed with the Auction, which is scheduled to commence at 10:00 am on April 24, 2012, in accordance with the Bidding Procedures.
The Bidding Procedures, as well as details of the marketing process and other information about the CCAA Proceedings are available on the Monitor's website, at: http://cfcanada.fticonsulting.com/timminco. Capitalized terms used herein not otherwise defined are as defined in the Bidding Procedures approved by the Court on March 9, 2012.
The Company has also received notice from the Ontario Securities Commission that a temporary cease trade order has been issued, prohibiting all trading in Timminco common shares, due to the Company's failure to file certain continuous disclosure materials in connection with its 2011 annual financial statements, which have not been prepared. The Company expects that such order will become permanent following a hearing scheduled to be held on April 30, 2012.
JAN 3, 2012
Timminco Announces CCAA Filing
TORONTO, ONTARIO--(Marketwire - Jan. 3, 2012) - Timminco Limited ("Timminco") (TSX:TIM) announced that, after consideration of the available alternatives, its Board of Directors has determined that it is in the best interests of the stakeholders of Timminco and its wholly-owned subsidiary, Bécancour Silicon Inc. ("Bécancour Silicon" and, together with Timminco, the "Company") for the Company to commence proceedings under the Companies' Creditors Arrangement Act (the "CCAA").
The Company's liquidity position has deteriorated as a result of various factors, including reduced cash flows from silicon metal operations, solar market developments that have adversely impacted the timing of a restart of commercial scale production of Timminco Solar, restricted availability of funding under existing credit facilities, and inability to secure additional sources of financing.
Accordingly, the Company today applied for and obtained an order (the "Initial Order") from the Ontario Superior Court of Justice (Commercial Division) (the "Court") under the CCAA. The Court has granted CCAA protection for an initial period of 30 days, expiring on February 2, 2012. While under CCAA protection, creditors and others are stayed from enforcing any rights against the Company.
The Company will remain in possession and control of their current and future assets, undertaking and properties, and the proceeds thereof. The Company's operations will continue uninterrupted during the CCAA proceeding and obligations to employees and suppliers of goods and services provided after the filing date will continue to be met thereafter.
Québec Silicon Limited Partnership, which is a production partnership that produces silicon metal for Bécancour Silicon and Dow Corning, has not applied for creditor protection under CCAA and is not part of these proceedings.
Pursuant to the Initial Order, FTI Consulting Canada Inc. has been appointed as monitor in the CCAA proceedings (the "Monitor").
All inquiries regarding the CCAA proceeding should be directed to the Monitor (email: Timminco@fticonsulting.com, or telephone: (416) 649-8125). Information about the Company's CCAA proceedings, including copies of all Court Orders made and the Monitor's reports, will be available on the Monitor's website, at http://cfcanada.fticonsulting.com/timminco.
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