Medoro Resources schluckt Colombia Goldfields - 500 Beiträge pro Seite (Seite 2)

[ursinho007]

Antwort auf Beitrag Nr.: 41.490.945 von superroth am 12.05.11 12:14:35

....und keiner kann's erklären.

Ich bin auch ziemlich negativ überrascht. Der Zusammenschluss sollte doch Synergien auslösen und damit sollten Kosten gespart werden können. Die Befürchtung von weiterer Verwässerung der Aktie scheint aber grösser zu sein. Auch der Abgang in der Führungsetage ist wohl negativ aufgenommen worden. Da ist es für den Kleinaktionär ziemlich schwierig zu erfahren, was da firmenintern alles abläuft. Man sollte meinen, dass sich die Entscheidungsträger die Fusion gut überlegt haben.....

Oder was habt ihr für Ueberlegungen gemacht?

[KPOB]

Antwort auf Beitrag Nr.: 41.494.594 von ursinho007 am 12.05.11 20:42:27

die fusion wird wohl offensichtlich vom markt negativ gesehen - "zwei" lahme ergeben eben keinen sprinter! war nur ein scherz!
aber es wird ein langer weg und die kosten sind hoch. zudem denke ich, dass die kurse nach unten manipuliert werden um grossinvestoren einen günstigen einstieg zu verschaffen! hoffen wir, dass es diesen grund hat.
serafino hat die dinge gut im griff und wird seinen schnitt machen - nach den kleinen fragt da keiner!

[superroth]

Donald East kauft ...

http://www.canadianinsider.com/coReport/allTransactions.php?…

[rogerwaters]

Medoro Resources Ltd.
TSX: MRS
TSX: MRS.WT

Other Recent News




May 20, 2011
Medoro Resources Announces Filing of Preliminary Economic Assessment for the Marmato Project
TORONTO, ONTARIO--(Marketwire - May 20, 2011) - Medoro Resources Ltd. ("Medoro" or "the Company") (TSX:MRS)(TSX:MRS.WT) is pleased to announce that it has filed the Preliminary Economic Assessment ("PEA") study for its Marmato Project. The report was prepared by SRK Consulting (UK) Ltd., with an underground scenario evaluated by Hatch Associates S.A. The full document will be made available on the Company's website www.medororesources.com and under the Company's profile on SEDAR at www.sedar.com by May 27, 2011.

The PEA relied on the measured, indicated and inferred mineral resources as announced by the Company in January, 2011. The PEA took into account the scale of the deposit and the potential scope of operations, and as a result, considered numerous open pit and underground mining options.

The study determined that the preferred mining method is open pit with contractor mining. This method was based on processing 283 million tonnes of ore at a rate of 40,000 tonnes per day ("tpd") utilizing a flowsheet similar to the one currently being used at the Company's Mineros Nacionales underground mining operation. This method would produce, on average, 340,000 ounces of gold and 1.3 million ounces of silver per year over a 21-year mine life.

The cash operating cost is expected to be $524 per ounce of gold, net of silver credits. Assuming a life of mine capital cost of $550 million, total cost per ounce is estimated to be $643. Assuming gold and silver prices of $1,200 and $16 per ounce respectively, this method would result in a net present value of $1.1 billion assuming a discount rate of 5%.

These estimates assume an average gold grade of 0.9 grams per tonne ("g/t"), a stripping ratio of 3.3:1 and a metallurgical recovery of 88% for gold and 60% for silver - all of which the consultants, and the Company, believe can be improved upon with further drilling and metallurgical testwork. The Company is continuing with its infill drilling program at Marmato, with approximately 25,000 metres having being drilled since the resource estimate was completed, and a further 55,000 metres planned over the balance of 2011.

Serafino Iacono, Interim CEO and President, and Director of the Company, stated "We are pleased to have the results of the scoping study for the Marmato Project. This study is an important milestone on the Company's path to making a mine at Marmato. These findings provide a much clearer view on the proposed mining method, production, costs, and stripping ratios, and have substantiated what we have long believed - that there is immense value in the Marmato deposit."

Qualified Person:

Mike Beare C Eng, B Eng, ACSM, MIMMM

SRK Consulting (UK) Limited

[xyzet]

Na, das liest sich doch ganz angenehm.
Und die Produktionskosten sind auch im
Rahmen - da kursieren bei anderen Produzenten
teilweise Preise bis 900 USD.

[ursinho007]

Antwort auf Beitrag Nr.: 41.535.181 von xyzet am 20.05.11 22:07:05

Endlich wieder gute und zwar sehr gute News, die auch sofort vom Markt erkannt wurden. Es scheint, dass die Fusion noch nicht "in Stein gemeisselt" ist. Der Kurs von Gran Colombia jedenfalls hat auf die guten News von Medoro kaum reagiert! Entweder wird spekuliert, dass der Deal platzt oder das Umtauschverhältnis wird nachgebessert. Vielleicht mag sich noch jemand an die Nachbesserung erinnern, als Medoro Colombia Goldfields übernahm

Was meint ihr zur jüngsten Entwicklung?

[KPOB]

Antwort auf Beitrag Nr.: 41.551.235 von ursinho007 am 24.05.11 21:47:32

die letzten news gingen runter wie oel! im besonderen die gesamtkosten je unze von 643,-$ überraschen doch angenehm, nachdem man zuvor von weit höheren kosten ausging. der abbau ist viel wirtschaftlicher geworden und dementsprechend ist die reaktion!

[ursinho007]

merger hat eine erste Hürde genommen, keine Angaben über Änderung des Umtauschverhältnisses, die Kurse liegen aber noch weit auseinander, da müsste man glatt die Medoros verkaufen und dafür Gran Colombia kaufen

was meint ihr?

[ursinho007]

die Gretchenfrage: Welcher Kurs nähert sich welchem Kurs

[KPOB]

das ist schwierig und reine spekulation - letztendlich wird die entwicklung des neuen unternehmens aber recht positiv sein und es würde mich nicht wundern, wenn man als nächstes in richtung seafield resources schaut!?
die kostenstruktur bei gcm ist günstiger - die resourcen bei medoro höher. ich bin mir fast sicher dass das umtauschverhältnis nachgebessert werden muss. eventuell auf 1:1,5 statt 1,2. dann würde es passen!

[superroth]

Gran Colombia and Medoro Confident of Value-Creation
Potential of the Proposed Merger Despite Glass Lewis Recommendation

TORONTO, ONTARIO -- (Marketwire) -- 05/30/11 -- Gran Colombia Gold Corp. (TSX: GCM) and Medoro Resources Ltd. (TSX: MRS) (together, the "Companies") have re-affirmed their strong commitment to completing a friendly combination of the Companies, and have rejected the recommendations contained in two separate reports from Glass, Lewis & Co., LLC ("Glass Lewis"), a professional services firm that provides proxy research and voting recommendations to institutional investors. The Glass Lewis reports are in contrast to the positive recommendation of Institutional Shareholder Services Inc. ("ISS").

The Companies believe the approach used by Glass Lewis to analyze the combination is fundamentally flawed in several respects and does not adequately assess the rationale of the transaction. In its analysis, Glass Lewis failed to address several key factors, including: (1) the structure of the transaction; (2) the rationale and process of the transaction; and (3) the Colombia-specific considerations. Furthermore, the basis for its recommendations has been founded on erroneous facts.

It is inconceivable that the Glass Lewis analyst who authored the two separate reports came to conclusions totally at odds to each other. The Medoro shareholders are being told that they are being offered too little consideration, while Gran Colombia shareholders are being told that they are offering too much consideration. This analysis is at best counter intuitive and at worst fundamentally flawed. It defies logic to think that the same analyst could publish two separate recommendations in respect of the same transaction with opposite conclusions in terms of the adequacy of the consideration.

In addition, the original Glass Lewis report to Medoro shareholders did not take into consideration or assign value to the warrant component of the offer price. Failing to include the value of the warrants brings the conclusion of the original report's analysis into serious doubt. The joint circular clearly states that the consideration warrants will be issued under the existing Gran Colombia indenture and that such consideration warrants will be the same warrants currently traded on the Toronto Stock Exchange (under the ticker symbol "GCM.WT"). The fact that this was not properly addressed suggests that Glass Lewis did not fully review the contents of the joint circular and/or did not understand the basic terms of the transaction. Glass Lewis has since revised their reports to take into consideration and assign value to the warrant component of the offer price - however, this omission nonetheless remains prima facie evidence that the precise details of the transaction have not been properly reviewed or considered.

The following sets outs in greater detail the Companies' position with respect to the transaction:

1) Structure: The Glass Lewis reports question this transaction as being a true "merger of equals", which suggests that Glass Lewis is unable to properly comprehend this type of transaction. The combination of the Companies is a true "merger of equals". This is clearly demonstrated by the following features: (a) following the transaction, current Gran Colombia shareholders and former Medoro shareholders are anticipated to each own approximately 50% of the combined entity on a fully-diluted basis; (b) the board of the combined company will be composed of all the current directors of Gran Colombia and Medoro; and (c) the management teams of each company will also be combined.

Of particular note, which supports the view that Glass Lewis does not understand the merger of equals concept, the Glass Lewis reports analyze the transaction on the basis of premiums paid. This is not a metric that is used in a merger of equals approach.

2) Rationale and Process: Glass Lewis' analysis appears one-dimensional and largely overlooks the persuasive rationales for the transaction, including, that the combination of the Companies: (a) provides immediate increased scale, better liquidity and operational synergies; (b) creates Colombia's leading gold producer with a 42% cumulative average growth rate between 2011 and 2016; (c) assembles a team capable of addressing critical issues relating to operating in Colombia; (d) provides a balanced and sustainable project and development pipeline; and (e) positions the Companies well for long-term regional consolidation, amongst several other benefits. Although Glass Lewis refers to some of the benefits in their reports under the heading entitled "Board Rationale", they quickly dismiss these highly positive attributes and instead refer back to one-dimensional arguments. By overlooking these highlights, which are significant catalysts to create value, the Glass Lewis analyst illustrates that he has not properly considered all the factors in his conclusion.

The Glass Lewis report also questions the strategic review process in addressing alternative transactions and states "(...) we fail to see compelling reason for shareholders to believe the proposed acquisition represented the most attractive means by which the Company could address its "desire to expand rapidly".(i) The Companies followed a standard exhaustive process to reach this combination, which is clearly stated in the joint circular. It is important to note that the merger between Medoro and Gran Colombia was sparked by numerous overtures from substantial, sophisticated, resource-focused investors/shareholders in both Companies, who view this combination as an opportunity to merge two relatively undervalued companies into a stronger entity that will be better able to create lasting and long-term shareholder value.

Mr. Frank Holmes, Chief Executive Officer and Chief Investment Officer of U.S. Global Investors, states: "The merger of these two companies represents an opportunity for shareholders to benefit from a re-positioning of the combined entity as the leading gold producer in Colombia. Based on our analysis, this merger should drive sustainable growth in resources, cash flow and production and based on our analysis this merger should drive momentum in relative value for the combined company."

3) Colombia-Specific Considerations: The Glass Lewis reports fail to address the specific leadership capabilities required to build a mining company in Colombia. A considerable part of the rationale for this merger is to create a management and leadership team that can successfully navigate the political and social issues in Colombia.

In Colombia, political, social and environment considerations are as important as asset quality. Other companies with attractive deposits operating in Colombia have failed or incurred material costs and/or delays for not addressing these issues. The combined leadership team has the required experience and proven track record to develop these assets and to maximize shareholder value.

ISS, which is Glass Lewis' closest industry peer, recently released a recommendation that they support the transaction and an excerpt from their conclusion illustrates that, unlike Glass Lewis' analysis, ISS has completed a full review and understands the transaction. In its report, ISS stated: "The transaction is structured as a merger of equals. The companies believe the combined company's growth prospects are greater than either could achieve on their own (42% compound annual growth rate in production is expected from 2011 to 2016). The companies expect to realize cost savings from a single human resources and community relations program as well as production synergies and economies of scale from more efficient use of facilities. The combined company will have exposure to two large production and development projects and is expected to be well positioned to take advantage of consolidation opportunities. The combined management team is said to be well-suited to dealing with potential political, social and economic issues in Colombia."(i)

It is the view of the Companies that, in this case, Glass Lewis grossly overlooked several crucial factors needed to make an informed decision on this merger and that the merits of their recommendation must be questioned.

Given the deficiencies identified in the Glass Lewis reports, the Companies believe that shareholders should ignore these inconsistent reports and vote FOR the arrangement resolution.

A joint management information circular, dated May 6, 2011, has been mailed to applicable securityholders and filed on SEDAR (www.sedar.com). The joint circular contains, among other items, details regarding the arrangement resolution, the terms of the acquisition, the business of Gran Colombia and Medoro and certain historical and pro forma financial information relating to Gran Colombia and Medoro.

Securityholders who require assistance voting their proxy should contact Kingsdale Shareholder Services Inc., the Companies' proxy solicitation and information agent, by: (i) telephone toll-free in North America at 1-888-518-1563 or 416-867-2272 outside of North America; or (ii) e-mail to [e-mail].

(i)Permission to quote from either the Glass Lewis Reports or the ISS Report was neither sought nor obtained.

[superroth]

Donald kauft weiter
http://canadianinsider.com/coReport/allTransactions.php?tick…

[rogerwaters]

Gran Colombia Gold Corp.
TSX: GCM
TSX: GCM.WT

Other Recent News




June 7, 2011
Gran Colombia Shareholders and Medoro Securityholders Approve Merger of the Two Companies
TORONTO, ONTARIO--(Marketwire - June 7, 2011) - Gran Colombia Gold Corp. (TSX:GCM) (TSX:GCM.WT) shareholders and Medoro Resources Ltd. (TSX:MRS) (TSX:MRS.WT) securityholders each approved the arrangement under which Medoro and Gran Colombia agreed to merge. Of the Medoro securityholders who voted, more than 94.71% voted in favour of the special resolution approving the plan of arrangement. Of the Gran Colombia shareholders who voted, more than 87.36% voted in favour of the issuance of the common shares of Gran Colombia in connection with the arrangement. The merger is subject to receipt of the approval of the Supreme Court of Yukon and the satisfaction by Gran Colombia of the customary listing conditions of the Toronto Stock Exchange ("TSX") for the additional common shares of Gran Colombia to be issued and listed on the TSX pursuant to the arrangement. The merger is expected to be completed on June 10, 2011.

"Gran Colombia shareholders and Medoro securityholders recognized that the merger between Medoro and Gran Colombia will create Colombia's premier gold producer with the resources, cost structure and financial strength to compete globally," said Serafino Iacono, Executive Co-Chairman of Gran Colombia and Interim President and Chief Executive Officer of Medoro. "The merger will create a stronger entity that will be better able to realize efficiencies and opportunities neither company could have realized on their own. Management will now focus on the integration of both companies operations, and will provide regular updates to the market to communicate progress at the exploration and production assets."

[rogerwaters]

Medoro Resources Ltd.
TSX: MRS
TSX: MRS.WT

Other Recent News




June 13, 2011
Medoro Resources Announces Closing of Merger With Gran Colombia Gold Corp.
TORONTO, ONTARIO--(Marketwire - June 13, 2011) - Medoro Resources (Yukon) Inc. (formerly, Medoro Resources Ltd.) (TSX:MRS)(TSX:MRS.WT) announced that it has received final Court approval for, and completed a plan of arrangement under the Business Corporations Act (Yukon), pursuant to which a wholly-owned subsidiary of Gran Colombia Gold Corp. (TSX:GCM)(TSX:GCM.WT)(TSX:GCM.WT.A) amalgamated with Medoro, effective June 10, 2011.

Under the plan of arrangement, Medoro shareholders received 1.20 common shares in the capital of Gran Colombia plus 0.50 of a Gran Colombia common share purchase warrant for each Medoro common share held. Medoro warrantholders and optionholders had their securities exchanged for Gran Colombia options and warrants on an equivalent basis and upon exercise thereof, and payment of the applicable exercise price, will be entitled to receive Gran Colombia common shares and Gran Colombia common share purchase warrants.

The plan of arrangement was approved by Medoro securityholders at a meeting held on June 7, 2011. Gran Colombia shareholders approved the issuance of the Gran Colombia common shares in connection with the arrangement at a meeting also held on June 7, 2011.

The combined company continues under the name "Gran Colombia Gold Corp." It is expected that the Medoro common shares and listed warrants will be de-listed from the Toronto Stock Exchange next week. Gran Colombia warrants, which have been exchanged for Medoro's listed warrants pursuant to the plan of arrangement, will trade under the ticker symbol "GCM.WT.A" at that time.

[ursinho007]

Kein Handel heute, warum???
(Gran Colombia wird normal gehandelt)

[superroth]

Antwort auf Beitrag Nr.: 41.651.250 von ursinho007 am 15.06.11 18:29:53

heute auch nicht

[rogerwaters]

Umtausch in Gran Colombia ist wohl schon angelaufen

[xyzet]

Zitat von rogerwaters: Umtausch in Gran Colombia ist wohl schon angelaufen

Damit dürftest Du Recht haben:

Bei Gran Colombia steht in der News vom 14.06 ein kleiner
Absatz -- bei Medoro hat man das wohl nicht mehr nötig.

Auf sedar.com:

Merger with Medoro

On April 13, 2011, the Company and Medoro announced they had entered into an arrangement agreement
(the "Arrangement Agreement") to merge the two companies and create a leading Colombian-focused gold
production and exploration company. On June 10, 2011, following shareholder, regulatory and court
approvals, the merger was completed with the combined company continuing under the name Gran
Colombia Gold Corp. The merger was effected by way of a statutory plan of arrangement under the
Business Corporations Act (Yukon), pursuant to which a wholly-owned subsidiary of the Company
amalgamated with Medoro. The Company issued a total of 172,886,495 common shares and 72,035,656
share purchase warrants of the Company (“Warrant”) to Medoro shareholders in connection with the merger.

Under the Arrangement Agreement, Medoro shareholders received 1.2 common shares in the capital of the
Company plus 0.5 of a Warrant of the Company for each Medoro common share held. Each Warrant has
been issued under the Company's warrant indenture dated August 20, 2010 and entitles the holder thereof
to acquire one common share of the Company at an exercise price of CA$2.60 per common share and shall
expire on August 24, 2015.

Holders of Medoro options and Medoro warrants will have their securities converted into options and
warrants of the Company and on exercise will obtain shares and warrants of the Company on an equivalent
basis.

[superroth]

dann sag ich mal hier entlang

http://www.wallstreet-online.de/diskussion/1160906-171-180/g…

[ursinho007]

Antwort auf Beitrag Nr.: 41.666.005 von superroth am 18.06.11 13:48:24

Ja, ich verabschiede mich auch vom Medoro-Thread.
Wir treffen uns im Gran Colombia-Thread.

[rogerwaters]

Zitat von ursinho007: Ja, ich verabschiede mich auch vom Medoro-Thread.
Wir treffen uns im Gran Colombia-Thread.

Auf zu Gran Colombia......

[cyberdeath]

Schau euch das mal dieses Video an:

Mining in Colombia (Marmoto)

http://english.aljazeera.net/programmes/faultlines/2011/07/2…