moly-mines-limited MOLY MINES LIMITED MOL - Profile and Status | deListed Australia

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MOLY MINES LIMITED (MOL)

Delisted from ASX 24/04/2017

SHARE PRICES

Former (or subsequent) names

 FROMTO
MOLY MINES LIMITED28/04/2005
HIBERNIA GOLD LIMITED28/04/2005

Shareholder links

Our website ranking of MOL: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare, Level 2, 45 St Georges Terrace, Perth WA 6000
Tel : +61 8 9323 2000 or 1300 557 010
Fax : +61 8 9323 2033
RegistryWebsite RegistryEmail

Company details

ISIN: w
Address: Ground Floor, 46-50 Kings Park Road, WEST PERTH, WA, AUSTRALIA, 6005
Tel:  08 9429 3300 Fax: 08 9429 3399

Date first listed: 11/03/2004
Company Secretary: Susan Hunter
Sector: Materials Industry Group: XMJ
Activities: Resources company focussed on the development of major specialty, base and precious metals projects
Tax Year 2016/17 If you are a shareholder in this company it usually makes good economic sense to crystallise your capital loss for tax purposes by selling your worthless shares. That can be initiated online by you here and is a quick and easy process. We recommend you consult with your accountant or broker if in any doubt.25/05/2017
delisted prior to commencement of trading on Thursday, 24 April 2017 pursuant to Listing rule 17.12.24/04/2017
we understand ASX removed the company from listing as its securities have not been quoted for three years24/04/2017
The company releases a guide for Shareholder Frequently Asked Questions regarding the delisting process.20/04/2017
The company releases a letter to shareholders in relation to the delisting of shares from ASX.20/04/2017
The company lodges its 31 December 2016 Annual Financial Report.20/03/2017
The company lodges its Quarterly Cashflow Report.31/01/2017
The company lodges its Quarterly Activities Report.31/01/2017
A supplementary offer booklet regarding the offer by Metro Mining Limited to acquire all shares of Gulf Alumina Limited was released. The offer closes at 7.00pm (Sydney time) on 23 December 2016.07/12/2016
In light of the recent announcement regarding ASX refusing Moly's application for readmission to the ASX, the Gulf board has unanimously recommended that Gulf shareholders, in the absence of any superior offer, accept Metro's offer dated 28 October 2016. 29/11/2016
ASIC has determined that it will exercise its discretion to refuse Moly's application for re-admission to the ASX official list should it proceed further with the proposed Gulf Alumina acquisition. Moly is extremely frustrated and disappointed with this decision, and in particular the impact it will have on all of Moly's shareholders. Moly is currently assessing its options and will keep the shareholders informed as decisions are made. 28/11/2016
The Gulf Board has determined that Moly's offer does not match the offer of 28 October 2016 by Metro Mining Limited, and has subsequently recommended Metro's offer in the absence of a superior offer.17/11/2016
Metro Mining Limited is pleased to announce that the board of Gulf Alumina Limited has today unanimously recommended that Gulf shareholders, in the absence of any superior offer, accept Metro's offer dated 28 October 2016. Metro's Offer will become unconditional upon Metro's relevant interest in Gulf shares exceeding 51% during the Offer period. Metro's Offer is scheduled to close in 11 business days, on 5 December 2016. 17/11/2016
Metro Mining issues a supplementary prospectus dated 11 November 2016 and is intended to supplement and amend the information contained in the prospectus of Metro Mining Limited dated 28 October 2016. 11/11/2016
Metro understands the board of Gulf is considering whether the new proposal from Moly, which remains uncertain and conditional on FIRB and ASX approval (among other conditions), matches or is superior to Metro's fully funded offer dated 28 October 2016. Metro notes Moly's new proposal provides no change to the quantum of the cash consideration but instead simply changes the equity being proposed from unlisted options to shares in a company suspended from ASX trading. Metro considers that Metro's Offer, which is due to close on 5 December 2016, remains superior to Moly's new highly conditional proposal. Given the highly conditional, uncertain and inferior value of Moly's new proposal and the clear benefits that Metro's Offer can provide, Metro believes the Gulf board should now immediately recommend Metro's Offer. 09/11/2016
The company has increased its offer for Gulf Alumina Limited. On accepting Moly's increased offer, Gulf shareholders can elect, in respect of all Gulf shares held, to receive, either: an all cash consideration of A$0.63 cash for each Gulf share ("˜Cash Only Option'); or A$0.46 cash plus 1.141 Moly shares for each Gulf share ("˜Cash and Share Option'), having an implied value of A$0.63 per Gulf share.08/11/2016
Metro Mining Limited is pleased to announce that on 1 November 2016 the board of Gulf Alumina Limited announced it had determined that Metro's offer to the acquire all of the shares of Gulf which it does not already own is superior to the proposal from Moly Mines Limited.02/11/2016
Moly Mines Limited advises that on 1 November 2016 it received notification from the Board of Gulf Alumina Limited regarding the takeover offer by Metro Mining Limited. Gulf directors advise they have determined Metro's offer to be a "˜Superior Proposal' to the previouslyrecommended takeover proposal by Moly. Under the terms of the Offer Implementation Agreement between Moly and Gulf, Moly now has 5 business days in which to match Metro's offer, before the Gulf Directors can withdraw their recommendation of Moly's offer. 02/11/2016
Metro Mining Limited advises shareholders of its offer to acquire all shares of Gulf Alumina Limited for either $0.60 cash or $0.50 cash and one Metro share for each Gulf share owned.31/10/2016
The company lodges its Quarterly Cashflow Report.31/10/2016
The company lodges its Quarterly Activities Report.31/10/2016
Moly Mines Limited and Gulf Alumina Limited have has entered into an agreement to increase Moly's commitment under the Loan Agreement with Gulf from A$1,900,000 to A$2,900,000. The additional funding is to be expended on close spaced mining definition drilling and this program has commenced. 28/10/2016
The company provides a response to Metro Mining's announcement regarding Gulf Alumina Limited, which is currently the subject of a recommended acquisition proposal by Moly.27/10/2016
Metro Mining Limited is pleased to announce that it intends to make an offer to acquire all of the shares of Gulf Alumina Limited which it does not already own. The Metro board considers the Offer is superior to the highly conditional offer for Gulf proposed by Moly Mines Limited.25/10/2016
Metro Mining Limited notes the announcement made by Moly Mines Limited yesterday regarding Moly Mines' highly conditional proposed offer to acquire all of the shares in Gulf Alumina Limited, which has been recommended by the Gulf Board, subject to no superior proposal. Metro is Gulf's largest shareholder with a 39% interest. Metro's key focus continues to be the near term development of its Bauxite Hills Project, while remaining open to bringing about the logical combination of Metro and Gulf's projects to unlock significant synergies and commercial benefits for the shareholders of both companies. 23/09/2016
The Board of Moly Mines Limited is pleased to announce that it has entered into an Offer Implementation Agreement with Gulf Alumina Limited, under which it is proposed that Moly will acquire all the issued ordinary shares in Gulf. The Offer will be extended to all ordinary shares in Gulf which are issued as a result of exercise of Gulf options. Gulf shareholders who accept the Offer will receive a combination of A$0.46 cash plus 1.4 Moly options for each Gulf share they hold. 22/09/2016
The company lodges its Financial Statements for the Half-Year Ended 30 June 2016.23/08/2016
The company lodges its Quarterly Activities and Cashflow Report - June 2016.29/07/2016
Moly Mines Ltd wishes to advise that all resolutions presented at the Annual General Meeting of shareholders held today have been passed on a show of hands. 30/05/2016
The company releases its AGM presentation.30/05/2016
The company lodges its Quarterly Cashflow Report.01/05/2016
The company lodges its Quarterly Activities Report.01/05/2016
The company issues its Appendix 4G and Annual Corporate Governance Statement.28/04/2016
The company announces that its Annual General Meeting will be held at the offices of Herbert Smith Freehills, Level 34, ANZ Tower, 161 Castlereagh Street, Sydney, NSW, Australia on Monday, 30 May 2016 at 11.00am (EST). 28/04/2016
The company lodges its annual report.28/04/2016
The Board of Moly Mines is pleased to advise that Mr Graeme Kininmonth has agreed to extend his appointment as Acting Chief Executive Officer from 31 March 2016 under the same terms and conditions as his existing contract. 31/03/2016
The company lodges its 31 December 2015 Annual Financial Report.31/03/2016
The company lodges its quarterly activities report.29/01/2016
The company lodges its quarterly cash flow report. 29/01/2016
The expert's report received was reviewed by MOL in detail. The company considers that the expert's determination of Available Tonnages under the IOSPA is not valid. Consequently, the Company has not paid any amount to MRL and on 23 December 2015 issued a Dispute Notice to MRL under the IOSPA. On 24 December 2015, MOL received a generally indorsed writ of summons from MRL claiming A$4.9 million, calculated by reference to the Expert's determination of Available Tonnages. 29/12/2015
An expert was previously appointed to determine the available tonnage component of the final payment due under the Iron Ore Sale and Purchase Agreement between Moly Mines Limited and Mineral Resources Limited. The final expert's report has been received and this results in a calculated final payment, when all outstanding invoices between the parties are included, of approximately A$4.2M payable by MOL to MRL in December quarter.16/11/2015
The company lodges its quarterly cash flow report.29/10/2015
The company lodges its quarterly activities report.29/10/2015
The company lodges its financial statements for the half-year ended 30 June 2015.31/08/2015
The company lodges its quarterly cash flow report.30/07/2015
The company lodges its quarterly activities report for June 2015.30/07/2015
Moly Mines Ltd wishes to advise pursuant to Listing Rule 3.13.2 that all resolutions presented at the Annual General Meeting of shareholders held today have been passed on a show of hands. Details of the proxy results for each resolution are detailed in the report.28/05/2015
releases its presentation for the Annual General Meeting28/05/2015
Notice is given that the Annual General Meeting of Moly Mines Limited ACN 103 295 521 (Company) will be held at the offices of Herbert Smith Freehills, Level 34, ANZ Tower, 161 Castlereagh Street, Sydney, NSW on Thursday 28 May 2015 at 10.00am 24/04/2015
The Board of Moly Mines Limited (ASX: MOL) ("Moly Mines" or "the Company") is pleased to advises that Mr Graeme Kininmonth has agreed to extend his appointment as Acting CEO effective 31 March 201501/04/2015
releases 31 December 2014 Annual Financial Report30/03/2015
an application has been made in each of the jurisdictions in Canada in which it is a reporting issuer, for a decision that the Company is no longer a reporting issuer in Canada21/10/2014
releases Financial Statements for the Half Year Ended 30 June 201421/08/2014
Moly Mines Limited (ASX/TSX: MOL) ("The Company") announces that it has been advised by the Toronto Stock Exchange (the "TSX") that the Company's common shares will be delisted from the TSX at the close of business on July 4 2014. As previously reported on May 5 2014 the TSX advised that the Company appeared to have ceased to be actively engaged in any ongoing business in accordance with section 710(a)(iii) of the TSX Company Manual. The Company was granted 30 days in which to regain compliance with these requirements pursuant to the Remedial Review Process. The Company has not regained compliance within this timeframe, and as such has been provided with the 30 day delisting notice. As a part of ongoing cost savings initiatives, the Company will not seek to list on an alternative board in Canada06/06/2014
all resolutions presented at the Annual General Meeting of shareholders held today have been passed on a show of hands28/05/2014
the company announces that is has been advised by the Toronto Stock Exchange (the "TSX") that the TSX is reviewing the common shares of the Company with respect to meeting the continued listing requirements - in particular, the review has been initiated by the TSX on the basis of section 710(a)(iii) of the TSX Company Manual, which allows a delisting to occur if an issuer has discontinued or divested a substantial portion of its operations07/05/2014
the Annual General Meeting of Moly Mines Limited ACN 103 295 521 (Company) will be held at the offices of Herbert Smith Freehills, Level 34, ANZ Tower, 161 Castlereagh Street, Sydney, NSW on 28 May 2014 at 10.00am (AEST)24/04/2014
releases Annual Report24/04/2014
The securities of Moly Mines Limited (the "Company") will be suspended from quotation immediately under Listing Rule 17.3. The Company's securities will remain suspended until the Company is able to demonstrate compliance with Chapter 12 of the ASX Listing Rules. Security Code: MOL 22/04/2014
the Board advises that it is likely that trading in the shares of the Company will be suspended by the ASX from 22 April 201409/04/2014
name changed from Hibernia Gold Limited28/04/2005

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    31/05/2012Michael BrahamOn market500,000$0.154$77,167

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Nelson ChenChairman, Alternate Director23/04/2010
    Graeme KininmonthCEO11/04/2014
    Riccardo VittinoCFO11/04/2014
    Greg JonesIndependent Director22/08/2014
    Ivo PolovineoIndependent Director13/03/2017
    Lou Guo QingNon Exec Director22/08/2014

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Tony MartinIndependent Director22/08/201413/03/2017
    Huan KangNon Exec Director25/06/201230/05/2016
    Cathie WuNon Exec Director17/01/201427/05/2016
    Doug BuergerNon Exec Director17/01/201401/07/2014
    Alan HowellsCFO31/10/201324/04/2014
    David PassDeputy CEO31/10/201311/04/2014
    Alan EdwardsIndependent Director28/10/201320/03/2014
    Paul EaglandIndependent Director28/10/201321/02/2014
    Peter MansellDirector25/06/201217/01/2014
    Bruno CamarriDirector28/10/201320/12/2013
    Michael BrahamNon Exec Chairman20/10/201028/10/2013
    Collis ThorpCEO, COO11/07/200528/10/2013
    John McEvoyCFO13/03/200628/10/2013
    David CraigNon Exec Director19/05/200928/10/2013
    Liu HanNon Exec Director23/04/201031/05/2013
    David NixonNon Exec Director10/06/200831/05/2013
    Andy ZhmurovskyNon Exec Director23/04/201020/05/2013
    Derek FisherManaging Director, CEO10/04/200315/03/2012
    Bob ProsserNon Exec Director20/10/201023/12/2011
    Steven XiaoExecutive Director23/04/201014/09/2011
    XiaoDong SunDirector23/04/201020/10/2010
    Michael SenftDirector22/04/200820/10/2010
    David ConstableNon Exec Director12/12/200623/04/2010
    Peter ThomasNon Exec Director16/01/200731/07/2009
    Kurt TalbotNon Exec Director16/04/200919/05/2009
    Paul WillisNon Exec Chairman27/01/200610/03/2009
    C AgnewNon Exec Director16/09/200731/05/2008
    Bruce MorrinExecutive13/12/200419/03/2007
    Andrew ForrestNon Exec Chairman29/05/200320/10/2006
    Malcolm JamesNon Exec Director29/05/200313/12/2004
    Christopher LinegarNon Exec Director29/05/200312/10/2004

    Date of first appointment, title may have changed.