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MHM METALS LIMITED (MHM)

Former Name ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 FROMTO
VYSARN LIMITED11/12/2017
MHM METALS LIMITED06/12/201011/12/2017
MACQUARIE HARBOUR MINING LIMITED06/12/2010

Shareholder links

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

 

REGISTRY:

Security Transfer Australia Pty Ltd, 770 Canning Highway Applecross WA 6153

Tel : +61 3 9628 2200
Fax : +61 8 9315 2233
RegistryWebsite RegistryEmail

Company details

Address: 108 Outram Street West Perth, Western Australia 6005
Tel:  (08) 9486 7244 Fax: (08) 9463 6373

Date first listed: 14/12/2007
Company Secretary: Kyla Garic
Sector: Materials Industry Group: XMJ
Activities: Diversified resources: aluminium waste treatment, high purity silica exploration, gold and base metals exploration

name changed to Vysarn Limited

11/12/2017

The company releases the results of its meeting.

01/12/2017

The company lodges its September 2017 Quarterly Activities & Cashflow Reports.

31/10/2017

Notice is given that the Annual General Meeting of Shareholders of MHM Metals Limited will be held at the offices of Otsana Capital, at 108 Outram Street, West Perth, Western Australia at 10:30am (WST) on Wednesday, 30 November 2017.

30/10/2017

The company releases its Appendix 4G and Corporate Governance Statement.

28/09/2017

The company lodges its 2017 Annual Report to Shareholders.

28/09/2017

The company lodges its June 2017 Quarterly Activities & Cashflow Reports.

24/07/2017

Cadmon's takeover bid for all of the ordinary shares in MHM Metals Limited closed at 5:00 PM (Perth time) on Friday 7 July 2017. Cadmon currently has a relevant interest in 12.46% of MHM's issued share capital.

11/07/2017

Following an improvement in the market value of the Company's equity securities held in KIN Mining NL, the Company has sold 3,749,502 shares held in KIN via onmarket transactions for cash consideration of $1,414,924 (less brokerage fees). The Company still holds an interest of 1,389,936 shares as at the date of this announcement.

25/05/2017

Mercantile OFM has extended its Offer for MHM Shares to 7.00pm on Friday, 7 July 2017. Mercantile OFM has also accelerated the payment of the cash Offer consideration of $0.04 per MHM Share. Payment will be despatched to MHM Shareholders who have already accepted the Offer within 4 business days. MHM Shareholders who have already accepted the Offer have begun to receive their cash payments.

08/05/2017

Cadmon Ventures will extend the offer period under its unconditional takeover bid for all of the ordinary shares in MHM Metals Limited, the terms of which are contained in the bidder's statement dated 23 February as supplemented. The offer period has been extended to 7.00pm (AEST) on 7 July 2017. As per the announcement dated 7 April 2017, Cadmon's offer is unconditional.

05/05/2017

Mercantile OFM provides a notice varying the offer by extending the closing date. Mercantile OFM's Offer is UNCONDITIONAL and, in accordance with the Notice of Variation, will now expire at 7:00pm (Sydney time) on Friday, 7 July 2017. MHM Shareholders are encouraged to ACCEPT the Offer as soon as possible. MHM Shareholders are reminded that Mercantile OFM has accelerated the payment of the cash consideration of $0.04 per MHM Share under the Offer.

03/05/2017

The company lodges its March 2017 Quarterly Activities & Cashflow Reports.

28/04/2017

Cadmon Ventures announces that it has declared UNCONDITIONAL its takeover offer for all of the ordinary shares in MHM Metals. As of today, Cadmon's voting power in MHM is 2.27% comprising 3,096,405 MHM Shares. Cadmon encourages all MHM shareholders to accept the offer as soon as possible, noting that the offer price is at a cash premium to the competing offer.

07/04/2017

In relation to the unconditional offers under the takeover bid, Mercantile provides the notice confirming the status of defeating conditions under the Offer (Condition Notice) required by Section 630(3) of the Corporations Act 2001; and a notice under Section 650D of the Corporations Act varying the Offer by extending the closing date. Mercantile OFM's Offer is UNCONDITIONAL and, in accordance with the Notice of Variation, will now expire at 7:00pm (Sydney time) on Friday, 5 May 2017. As of today, Mercantile OFM's voting power in MHM is 5.13% comprising 6,985,884 MHM Shares. MHM Shareholders are encouraged to ACCEPT the Offer as soon as possible.

05/04/2017

As announced on 31 March 2017 by Mercantile Investment Company Limited (the parent company of Mercantile), Mercantile has declared its offer unconditional and has adjusted the payment terms for its offer. The Board of MHM reminds shareholders that the Cadmon offer price is almost 9% higher than the Mercantile offer price. Cadmon has also provided further disclosure regarding, amongst other things, the source of funding for the consideration for its offer, by way of its supplementary bidder's statement issued on 31 March 2017. The Board reiterates its recommendation that shareholders do not accept either offer for the reasons provided in its Target's Statements.

03/04/2017

As of today, Mercantile OFM's voting power in MHM was 5.13%, comprising g 6,985,884 MHM Shares. Mercantile OFM is pleased to advise that today it declared the Offer UNCONDITIONAL and free from all defeating conditions. Mercantile OFM also advises that it will accelerate payment of the cash Offer consideration of $0.04 per MHM Share.

31/03/2017

Cadmon Ventures issues a first Supplementary Bidder's Statement in relation to the off-market takeover by the bidder for all of the fully paid ordinary shares in the capital of MHM Metals Limited.

31/03/2017

Cadmon Ventures today announces that it will extend the offer period under its takeover bid for all of the ordinary shares in MHM Metals Limited. The offer period has been extended to 7.00pm (AEST) on 5 May 2017; as a result of the extension, the new date for giving the notice of the status of the offer condition is 28 April 2017.

29/03/2017

The company issue's a target's statement in relation to the offer by Cadmon Ventures to acquire shares in MHM Metals. The directors unanimously recommend that shareholders reject the offer.

20/03/2017

The company lodges its Half Year Financial Report - December 2016.

16/03/2017

Mercantile releases a copy of the notice of variation. MHM shareholders are encouraged to read it in its entirety as it informs them that: Mercantile OFM has extended the offer period to 7:00pm (Sydney time) Wednesday, 12 April 2017; and as a result of the extension of the offer period, the new date for giving of the notice of the status of the conditions to Mercantile OFM's takeover offer is now Wednesday, 5 April 2017.

06/03/2017

Cadmon Ventures gives notice that it has sent Cadmon's bidder's statement dated 23 February 2017 and offers in connection with Cadmon's off-market takeover bid for all of the ordinary shares in MHM.

03/03/2017

The company issues a Target's Statement for Mercantile Offer with the recommendation to reject Mercantile OFM Pty Ltd's offer.

27/02/2017

The company releases Cadmon Ventures' bidder's statement to acquire all of the ordinary shares in the MHM Metals.

23/02/2017

The company releases a letter to its shareholders with the recommendation of rejecting the Mercantile takeover offer.

16/02/2017

The company has received an intention to make an off-market takeover offer for all of the ordinary shares in the company from Cadmon Ventures. The bidder proposes to offer MHM shareholders $0.0435 in cash for each MHM share they own, valuing the equity in MHM at approximately $5.93 million. The offer price is superior to the existing off-market takeover offer received from Mercantile OFM, being almost 10% higher and otherwise on the same terms. The board advises shareholders not to take any action until MHM has received the formal bidder's statement from Cadmon.

09/02/2017

The company lodges its December 2016 Quarterly Activities & Cashflow Reports.

31/01/2017

The company releases a copy of the second supplementary bidder's statement, the replacement bidder's statement and the marked up replacement bidder's statement issued by Mercantile OFM in relation to its off-market takeover bid for the shares in MHM Metals Limited.

31/01/2017

The company releases the results of its AGM.

16/01/2017

Further to the market announcement dated 25 May 2015, MHM Metals Limited advises that it has settled the sale of the Executive 73 Vessel for net consideration of c$380,000 USD.

12/01/2017

MHM Metals Limited advises that it has received the attached Bidder's Statement from Mercantile OFM Pty Limited, a wholly owned subsidiary of Mercantile Investment Company Limited.

11/01/2017

The company provides an addendum to its notice of AGM.

30/12/2016

The company provides an update on the sale of the Moolap property.

23/12/2016

The company provides a shareholder update - Following the closure of the Alcoa smelter as announced to the market on 20 February 2014 the board of MHM have been reviewing and assessing a number of corporate opportunities to re-invigorate the Company. As a result of the discontinuance of the Company's previous main undertaking the ASX has confirmed the Company will remain suspended from trading until it re-complies with Chapters 1 and 2 of the ASX listing rules. The Company has recently been in discussions with Otsana Capital to assist the Company identify and acquire a suitable business to facilitate the reinstatement of the Company's shares to trading on the ASX.

21/12/2016

The Board has reviewed and responded to Mercantile's correspondence in relation to the proposed offer and will further advise the market in the event a formal offer is forthcoming. The Board notes there is no certainty that the proposed offer will result in a formal offer or what the terms of any such offer would be. The Board advises shareholders do not need to take any action until they and the Board have had an opportunity to consider a formal offer.

16/12/2016

Notice is given that the Annual General Meeting of Members of MHM Metals Limited will be held at the offices Grant Thornton, The Rialto, Level 30, 525 Collins Street, Melbourne, Victoria, 3000 at 1.00pm (AEDST) on Monday 16 January 2017.

16/12/2016

MHM Metals Limited advises that following recent changes to the Board of Directors, the previously postponed Annual General Meeting has been cancelled and the Company will mail a new Notice of Annual General Meeting to shareholders today. The new AGM will be held at 1.00pm (AEDST) on Monday 16 January 2017.

16/12/2016

MHM Metals Limited notes that an ASX Announcement has been released on the Company's announcement platform by Mercantile Investment Company Limited stating that it intends to make an off-market takeover bid for the shares in MHM. The Company has contacted Mercantile and requested a copy of their letter dated December 9, 2016 in order to give it appropriate consideration and be in a position to update the market.

15/12/2016

The proposed off-market takeover by Mercantile is unconditional and will be a market offer. MVT is prepared to make a cash offer of 4 cents per share for all of the issued capital of MHM.

15/12/2016

On 9 December 2016 Mercantile wrote to the board of MHM Metals Limited and indicated that it intends to make an off-market takeover bid for the shares in MHM. The board of MHM has not responded to Mercantile's correspondence. Mercantile also notes that MHM has not made a public announcement to ASX in relation to Mercantile's correspondence.

15/12/2016

The company and Alliance Mining Commodities have mutually agreed to terminate the merger term sheet entered into between the parties and the MHM Loan Facility. The Company confirms that no funds were advanced under the terms of the Pre-completion funding agreement.

12/12/2016

The company has received approval from ASIC for the company's 2016 AGM to be deferred to 16 January 2017.Deferring the AGM provides the potential to combine the AGM with the meeting of the Company's shareholders that will be required to be held to consider the proposed merger with AMC, thereby potentially avoiding the need to hold separate shareholder meetings in short succession.

25/11/2016

In a previous announcement, the company noted the work which AMC has done to date in relation to preparing a feasibility study for the Koumbia Project. The description of that feasibility study in MHM's announcement earlier today was not intended to provide any projection or forecast of the amount of minerals to be extracted from the Koumbia Project, but rather to provide the project parameters which the feasibility study is seeking to test. Accordingly, MHM retracts those statements to the extent that they may be taken to imply a production target or other forecast financial information in relation to the Koumbia Project.

15/11/2016

The company has entered into a merger term sheet with Alliance Mining Commodities Limited, a privately owned Bermudan company that owns a 90% interest in the world class Koumbia bauxite project in Republic of Guinea (the Koumbia Project).

15/11/2016

The company lodges its September 2016 Quarterly Activities & Cashflow Reports.

31/10/2016

MHM advises that the sale agreement for the Executive 73 vessel has been terminated and the deposit returned to the prospective buyer. The Company's efforts to sell the vessel continue and MHM will keep the market informed of its progress.

28/10/2016

Notice is given that the Annual General Meeting of Members of MHM Metals Limited will be held at the offices Grant Thornton, The Rialto, Level 30, 525 Collins Street, Melbourne, Victoria, 3000 at 2.00pm (AEDT) on Monday, 28 November 2016.

27/10/2016

Alreco Pty Ltd has settled the Deed of Settlement and Release with Alcoa through payment of $1m AUD. Accordingly, Alcoa has discharged its security over a $350,000 AUD bank guarantee and the property at 80 Buckley Grove, Moolap.

21/10/2016

Alreco Pty Ltd (Alreco), has entered into a Deed of Settlement and Release with Alcoa of Australia Limited in connection with the lease of the Hays Road property and the associated remediation obligation. The Deed of Settlement and Release shall be effected through payment by Alreco to Alcoa of $1m AUD and Alcoa's discharge of its security over a $350,000 AUD bank guarantee and the property at 80 Buckley Grove, Moolap held by Alreco. A provision for this liability was accounted for in the Company's 2016 financial statements, in the amount of $1m AUD.

12/10/2016

The company releases its Appendix 4G and Corporate Governance Statement.

30/09/2016

The company lodges its 2016 Annual Report to Shareholders.

30/09/2016

The company advises that it has entered into a sale agreement for the Executive 73 Vessel for an agreed consideration of $508,000 USD. A deposit has been received from the buyer with settlement scheduled for 15 October 2016.

19/08/2016

The company lodges its June 2016 Quarterly Activities & Cashflow Reports.

28/07/2016

The Company advises that it is currently advancing a number of potential opportunities it has identified in the resource sector where its balance sheet and management experience can be applied to add value to the benefit of MHM shareholders. Trading in MHM shares will remain suspended on ASX until such time as the Company has identified a suitable new opportunity and has met any necessary requirements.

22/07/2016

MHM Metals Limited advises that following the rejection by KIN Mining N.L of MHM's indicative proposal to combine the two companies, MHM has today ceased to be a substantial shareholder in KIN.

19/07/2016

The securities of MHM Metals Limited (the "Company") will be suspended from quotation immediately, following receipt of an announcement regarding a transaction that could result in a change of its activities. The Company's securities will remain suspended until either the Company has complied with Chapters 1 and 2 of the Listing Rules in accordance with Listing Rule 11.1.3, or the Company provides ASX Limited with sufficient information to demonstrate that the transaction will not result in a significant change to the nature or scale of the Company's activities such that Listing Rule 11.1.3 applies.

14/07/2016

The suspension of trading in the securities of MHM Metals Limited (the "Company") will be lifted from the commencement of trading on Friday 16 November 2012 following the release of an update on the Company" activities. Security Code: MHM

15/11/2012

ASX granted an extension of its voluntary suspension for 2 weeks

02/11/2012

The securities of MHM Metals Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement in relation to a strategic review of the Company" operations

13/09/2012

name changed from Macquarie Harbour Mining Limited

06/12/2010

ASX Announcements (courtesy of ASX)

 

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So are we looking at liquidation?27/07/2016 12:29:13

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    24/02/2012Frank Rogers27,500$0.907$24,953
    15/11/2011Benjamin Mead-200,000$1.071$214,143

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Peter HutchinsonChairman27/10/2017
    Jason ThielCFO14/12/2012
    Faldi IsmailNon Exec Director20/12/2016
    Nicholas YoungDirector20/12/2016

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Bryn HardcastleNon Exec Director20/12/201627/10/2017
    Joseph van den ElsenChairman, CEO10/12/201420/12/2016
    Francis DeSouzaNon Exec Director07/12/201620/12/2016
    Paul HarleyNon Exec Director02/12/201620/12/2016
    Paul KopejtkaChairman23/03/201502/12/2016
    Chris GoodmanNon Exec Director05/05/201502/12/2016
    Matthew KeenManaging Director, CEO10/09/201331/07/2015
    Iain KirkwoodChairman15/02/201323/03/2015
    David MenziesDirector19/12/201328/02/2015
    Lyn BrazilDirector10/10/201206/06/2014
    Philip ThickNon Exec Director24/05/201219/12/2013
    Robert McAlisterCEO02/04/201310/09/2013
    Paul LappinChairman10/10/201215/02/2013
    Richard RybakCFO30/11/201014/12/2012
    Basil ContiNon Exec Chairman18/04/200710/10/2012
    Simon WellsExecutive Director01/04/201110/10/2012
    Benjamin MeadExecutive Director01/03/200710/10/2012
    Frank RogersExecutive Director18/04/200708/08/2012
    Neil AllenNon Exec Director01/03/200705/06/2012

    Date of first appointment, title may have changed.