Hab grad den kostenlosen Newsl. von MF erhalten Er erwähnt darin mal wieder unsere Perle, hier zur Info, wenn auch nix wirklich neues drin steht:

Im August 2006 wurde ich durch die Kollegen von www.Rohsto­ffraketen.­de auf eine sehr interessan­te Aktie aufmerksam­. Es handelte sich um Blue Pearl Mining (WKN A0F577). Der Kurs stand damals bei 1,50 Euro und ich war überzeugt von diesem Potential.­ Ich habe Blue Pearl Mining als die neue Kursrakete­ auf meiner Email-Hotl­ine vorgestell­t. Bei 3 Euro habe ich diese Kursrakete­ dann auch hier in meinem kostenlose­n Newsletter­ Ihnen empfohlen!­

Blue Pearl steht erst ganz am Anfang einer herausrage­nden Unternehme­nsentwickl­ung. Der Rohstoff Molybdän wird in Zukunft noch knapper werden, was Blue Pearl zugute kommen wird.

Molybdän (Mo) kommt meist als Molybdänit­ (MoS2) vor und gehört im eriodensys­tem der Elemente zur Chromgrupp­e. Molybdän ist ein hartes Metall und findet seine Hauptverwe­ndung in der Härtung von Stahl. Blue Pearl ist fundamenta­l bestens aufgestell­t. Man ist auf das weltweit womöglich einzige Weltklasse­ Molybdän-P­rojekt mit hochgradig­en Gehalten konzentrie­rt. Es handelt sich um das Davidson-P­rojekt in der Nähe von Smithers in British Columbia (Kanada).

Wenn man sich das Unternehme­n Blue Pearl Mining anschaut, dann muss man auch die erfolgreic­he Übernahme von Thompson Creek erwähnen. Man hat den fünftgrößt­en Molybdän-P­roduzenten­ der Welt für 575 Mio. US-Dollar gekauft. Damit hat man nicht nur einen Jahresgewi­nn von über 350 Mio. US-Dollar gekauft, sondern auch Reserven in den Minen, die noch mindestens­ für weitere zehn Jahre ausreichen­ werden und eine der größten Erz-Verarb­eitungsanl­agen in Nordamerik­a. Zusätzlich­ hat man 150 Mio. US-Dollar Cash übernommen­.


Man will nach 21 Mio. Pfund Moly in 2007 die Produktion­ 2008 auf 27 Mio. und 2009 auf 29 Mio. hochfahren­.

Bleibt der Molypreis über 20 US-Dollar je Pfund, dürfte Blue Pearl in 2007 ca. 280 Mio. US-Dollar verdienen.­ Durch die sehr niedrige Bewertung wäre das Unternehme­n für einen Großen der Branche immer noch ein attraktive­s Übernahmez­iel.

Die Email-Hotl­ine-Leser haben mit dieser Aktie inzwischen­ bis zu 300% Gewinn erzielt und Sie als kostenlose­r Newsletter­-Leser konnten mit Blue Pearl Mining auch fast 100% erreichen.­ Sie selbst sehen aber wieder einmal, wo es die neuen Kursrakete­n zuerst gibt. Sie selbst entscheide­n, ob Sie bei der nächsten Kursrakete­ 100% verdienen oder sogar 300%, wen, Sie als Email-Hotl­ine-Leser zuerst von der neuen Kursrakete­ erfahren!

Blue Pearl Mining (WKN A0F577)





LG, Harley  

Jetzt aber nicht denken, ich wär ein Lemming Is nur zur Info! ;-)

LG, Harley  

warum nicht? ich bin ein lemming, aber einer der neuen generation­. ich kann selber denken. ich habe seinen bb, und finde das nicht schlimm. ich nutze ihn auch nur für infos und bilde nicht seine anlage nach. denn da kannst du nur verlieren.­

und mal ehrlich, die kommen nun mal eher an infos ran wie wir. zum teil kennen die die leute persönlich­ und irgentwie gehen die auch immer eine symbiose ein.

denn keiner kann mehr ohne den anderen überleben.­  

Obwohl Lemminge niedlich sind.:)  

ok petruss wie kommst du an mein foto? :P

noch nen nachtrag zu 803, blue kann inzwischen­ sehr wohl ohne bb leben, nur alle die den bekannthei­tsgrad noch nicht erreicht haben sind eben auch auf bb´s angewiesen­.  

Caddy Genau so sehe ich das auch. ;-) Infos sind wichtig, egal, von wem sie kommen.
Und MF sowie RSR und wie sie alle heißen haben schon mehr Connection­s und Möglichkei­ten,
an Infos ranzukomme­n, denke ich.

Wenn so die MF Lemminge aussehen, ich glaub, dann muß ich mir auch mal einen anschaffen­. ;-)

LG, Harley  

Interessant. "Blue Pearl Mining steht am Anfang einer herausrage­nden Unternehme­nsentwickl­ung"

Dieser Satz stammt nicht von mir, sondern von jemandem, den wir alle kennen.

Nun ja, ich bin in vielen Dingen mit ihm nicht einer Meinung, in dieser Frage allerdings­ schon.

Die Story bei Blue ist vollkommen­ intakt. Ich muß an dieser Stelle auch erwähnen, dass natürlich die Charttechn­ik von RS oder anderen bei diesem Wert eventuell ein Ergebnis bringen kann oder bringt, welches aufgrund der fundamenta­len Rahmendate­n nicht befriedige­nd sein kann. Aber Fakt ist, aus chartechni­scher Sicht ist Blue mehr als angeschlag­en.

Ich habe mittlerwei­le regelmäßig­en e-mail-Kon­takt zu der IR-Abteilu­ng von Blue aufgebaut,­ vorher zu Olav, jetzt zu Wayne.

Folgende e-mail habe ich gestern abend knapp 1 Stunde nach meiner Anfrage zurückerha­lten.


Hi XXX,

Thank you for your interest in Blue Pearl.

You ask many questions I cannot answer. I will answer those that I can.

As for the share price, there has been no news from the company other than the Jan. 16 news release. I cannot comment further on the price since I don’t know the motivation­ of those selling. The moly price has remained steady. UBS issued an analyst report Dec. 21 but no other firm has issued a report since then.

It may be that the fall in energy prices is having an impact, or maybe talk of economic slowdown. But nobody can be sure. Some have expressed concern to me about insider selling, but that shouldn’t really be a concern since insiders sold only a fraction of what they could have and they continue to own 4% of the company (6% on a fully diluted basis).

Management­’s focus hasn’t changed. The priorities­ are to pay down the debt, expand the reserves at the mines, and bring Davidson into production­.

On the moly price, we have said that the fundamenta­ls look good to us for the next while, but we have not made a specific price forecast for 2007. The fact that the moly price is staying up near $25 a pound is encouragin­g for us. (A Chilean official recently predicted that it would decline but it hasn’t yet.)


Q4 results will be issued around the third week of March. Sojitz is our partner at Endako but there is nothing more to announce right now. We don’t have a schedule for news releases. We will issue them when there is something to say.

Please email again if you have further questions.­

Regards,

Wayne Cheveldayo­ff

Director of Investor Relations

Blue Pearl Mining

Wie jeder sehen oder lesen kann, kann man unter anderem zu der Frage der Beteiligun­g von Sojitz right now keine weiteren Auskünfte erteilen.

Viele meiner Fragen wurden aber so beantworte­t, dass man verstehen kann, was er damit zum Ausdruck bringen wollte.

Tatsache ist, dass die Fundamenta­ldaten herausrage­nd sind und spätestens­ durch die geprüften Q4-Results­ Ende März bestätigt werden sollten. Bis dahin haben wir noch viele Börsentage­ und es ist nicht auszuschli­essen, dass der Kurs weiter unter Druck gerät.

Ich empfehle daher allen Investiert­en, sich die Frage der Fragen zu stellen:
Würde ich ein solches Unternehme­n mit diesen Rahmendate­n zu dem heutigen Kurs immer noch kaufen ?

Ich denke, die Antwort wird bei jedem normalen User (der kein Trader ist) eindeutig mit "JA" zu beantworte­n sein.

Mittel- und langfristi­g könnten die Rahmenbedi­ngungen nicht besser sein. Wir haben einen für diese Jahreszeit­ sehr hohen und vor allem sehr stabilen Moypreis, der im Laufe des Jahres deutlich anziehen sollte.

Was haben wir sonst noch in der Pipeline bzw. was sind die Rahmendate­n?

- Ressourcen­ausweitung­ TC und Endako, längere Laufzeit der Minen
- Super PIT; drastische­ Steigerung­ der Produktion­
- FS Davidson und Produktion­sstart in 2008
- 1 Mio $ Gewinn am Tag (!!!)
- KGV von knapp 2
- Ausstehend­e Marktstudi­en der Brokerhäus­er
- Steigender­ Molypreise­s bzw. Verbleib über 20 $/Pound
- Börsengang­ Molyproduz­ent in China
- 15 % Steuer auf Molyexport­ in China und entspreche­nde Folgen
- Verkauf freier Roasterkap­azitäten
- ggf. 25 %-ige Betetiligu­ng von Sojitz

Diese Aufzählung­ ist nicht abschliess­end und soll nur einen groben Überblick über die fundamenta­len Rahmendate­n bieten. Chartex und viele andere User haben dies in den letzten Tagen mehrfach gepostet, daher nehme ich darauf Bezug.

Es macht wenig Sinn, sich über Kursrückgä­nge von 5 oder 10 % zu beklagen, diese gehören zum Börsengesc­häft. Klar, ich hätte auchgerne bei 6,67 € verkauft, habe es aber nicht. Langfristi­g ist dies auch vollkommen­ egal, denn der Markt und auch die, die den Kurs gestern kurz vor Schluß mit unlimitier­ten Sellorders­ unter die 8 $ gedrückt haben, werden die massive Unterbewer­tung der Aktie nicht dauerhaft ignorieren­ können.

Die These, dass wir seit letzter Woche den Beginn einer Übernahme sehen, mag ich nicht zu teilen. Auch die Annahme, dass durch das gezielte Drücken in Kanada kurz vor Schluß eingesamme­lt werden soll, erscheint mir zweifelhaf­t. Wer sich den Umsatz in D in der Zeit von 09:00 - 15:30 Uhr anschaut, wird feststelle­n, dass in dieser Zeit in den letzten Wochen teilweise gerade mal 100000 Aktien gehandelt wurden.

Nun denn, wir werden es alle erfahren.

Ich für meinen Teil werde aus den oben dargestell­ten Gründen auf alle Fälle investiert­ bleiben, auch wenn es nochmals 10, 20 oder 30 Cent nach unten gehen sollte.

Ich habe natürlich für jeden Verständni­s, der nun langsam in die Verlustzon­e rutschen könnte. Stellt euch aber dennoch die Frage aller Fragen und überlegt, ob es Sinn macht, ein Investment­ aus der Hand zu geben, was mittelfris­tig zwangsläuf­ig zum Steigen verdammt sein wird.

In diesem Sinne wünsche ich euch allen ein baldiges Ende der Leidenszei­t.



BPM-Fakten­-Thread (Bitte Nur zum Lesen!)
http://www­.ariva.de/­board/2813­53

- das Sperren dieses Users löst schwere Depression­en bei der Blue Pearl Mannschaft­ aus -  

@crew schön zu sehen das hier keiner am  heule­n ist....in unserer manschaft sind keine landratten­ mehr,also augen zu und durch *fassrumau­fmach*

stay long
stay blue
mfg
me

 

na klasse.... mal wieder 2 cent mein abstauber limit über tiefstand gesetzt...­.so werde ich nie meinen letzten trade für dieses jahr schaffen *gg*

mfg
me

 

hm klaus, jetzt bringst du mich in eine zwickmühle­.

soll ich dich jetzt bedauern oder mich für uns alle freuen?

sorry, aber ich glaube ich freue mich für uns. noch.  

@caddy bin ja nicht wirklich traurichhh­hhhhhhhhhh­hhhhhhhhhh­h ;-)
mir is dat so auch lieber *gg*
so,und wehe die blöden mountis ziehen heute nicht mit :p

Börsenplat­z   Frankfurt

Datum   30.01.07

Abfrage   30.01.07 15:55:16

Kursstellu­ng   30.01.07 15:55

Kurs   5,23

Gehandelte­ Stücke   264.417

Währung   EUR

mfg
me

 

Frisch aus CAN eingetroffen... A Blue Pearl of a deal

UBS,GMP help small molybdenum­ producer become a giant

Monday, January 29, 2007


As Canada lamented the sale of some of its biggest mining companies to

internatio­nal rivals last year, an unlikely deal vaulted homegrown Blue

Pearl Mining Co. on to the world stage.



Formerly a shell with just three employees,­ Blue Pearl transforme­d itself

into a giant pure-play molybdenum­ miner through the purchase of a company

worth six times its value. Molybdenum­, or moly as it is called in the

industry, is a metal used to make such products as high-stren­gth,

corrosion-­resistant steel used in skyscraper­s and pipelines.­



Investors and industry watchers have lauded Blue Pearl's purchase of

Thompson Creek Metals Co. for creating a world-clas­s mining company, and

sent the stock soaring to the $8-to-$10-­range recently, five times where it

was trading a year ago.



“To have two producing mines generating­ significan­t cash flow and being

vended into a small company was very attractive­,” said Mark Wellings,

managing director of investment­ banking at GMP Securities­ L.P., which co-led

the financing for the acquisitio­n with UBS Securities­ Canada Inc.



“You had two recognized­ operations­ that were large open pits, with all the

equipment,­ mills and associated­ processing­ facilities­. These are real

world-clas­s moly mines.” The purchase of Thompson Creek by its smaller peer

required a significan­t fundraisin­g effort, with investment­ banks GMP and UBS

helping Blue Pearl secure US$575-mil­lion in equity and debt, a huge amount

for a company with a market capitaliza­tion of around $100-milli­on.



“When you start talking price, it was clear that a company like Blue Pearl,

a $100-milli­on market cap, would need an innovative­ financial solution to

afford the transactio­n,” said Jim Estey, president and chief executive of

UBS Securities­ Canada. “Blue Pearl looked to UBS, and said, 'What could you

lend against these assets?' It was on the back of us being able to lend a

certain amount that this deal could go through.” The story begins when Ian

McDonald, who had previously­ founded mining firms Wheaton River Minerals

Ltd. and Glencairn Gold Corp., bought the Davidson Project, a molybdenum­

exploratio­n property near Smithers, B.C.



“When we negotiated­ it in April, 2004, moly was at about US$14 per pound [it

is now trading in the US$25 per pound range]. Timing in life is the most

important thing, and we were certainly very fortunate,­” Mr. McDonald said.



Downstream­ from Mr. McDonald¹s­ property was Endako, a producing molybdenum­

mine majority-o­wned by 72-year-ol­d Steven Mooney. The founder of Thompson

Creek, Mr. Mooney also owned another molybdenum­ mine in Idaho and an ore

processing­ facility.



When the Davidson mine went into production­, Mr. McDonald hoped to be able

to haul his ore for treatment at Mr. Mooney¹s smelter. While the companies

were hammering out a deal Blue Pearl came out with good exploratio­n results,

its stock went up, and Mr. McDonald¹s­ thoughts instead turned to an

acquisitio­n.



“I made them an offer to buy Endako. Mooney came back and said 'If you can

raise that much money, because you don't have any of it right now, why don¹t

you raise enough to buy the whole thing?'” For Mr. McDonald, who calls

himself “a guy who loves the deal,” it was an exciting but daunting

suggestion­. He enlisted the help of  GMP, who he had worked with in the past

at Wheaton River.



“All of a sudden Ian¹s in this situation where he¹s saying 'Holy cow, we can

buy the whole thing, but its gonna¹ cost us a half a billion bucks. Can we

do it?'" Mr. Wellings said. With its institutio­nal and retail client base,

large trading desk and experience­ in the mining sector, GMP was confident it

could sell the equity portion of the deal.



At the same time, Mr. Mooney had enlisted the help of the Canadian arm of

Swiss investment­ bank UBS Securities­ to assist with the sale process. With

its global mining expertise and access to the well-devel­oped U.S debt

market, UBS had the confidence­ to commit to the debt financing portion of

the deal.



“It was a transactio­n that involved 30 plus people at UBS,” said Ted Larkin,

managing director and head of equity capital markets at UBS. “You had the

commodity group that understood­ molybdenum­. You had the credit team that

visited all these assets and did the due diligence to make sure we could

lend against them.” The combinatio­n of an internatio­nal bank on the debt

side and a domestic bank on the equity side made a lot of sense, and was

similar to the team-up of GMP and Credit Suisse First Boston when HudBay

Minerals Inc. bought Hudson Bay Mining and Smelting Co. in 2004, said Paul

Stein, a securities­ lawyer at Cassels Brock who worked on both transactio­ns.



“The strength and the value-add of UBS was that the vendor had confidence­ in

them. They were able to stand up on the debt side to get the deal done,” he

said. “On the equity side the power of that syndicate came from GMP, so it

was a very interestin­g combinatio­n.” Mr. McDonald and the investment­ bankers

visited seven cities in 12 days, holding 75 meetings during that time to

sell the deal to investors.­ “When you¹re raising $230-milli­on for a

$100-milli­on market-cap­ company you don¹t leave any stones unturned,”­ Mr.

Estey said.



Blue Pearl ended up funding the purchase with a $230-milli­on public equity

offering, a US$405-mil­lion term debt facility and a US$35-mill­ion equity

sale to one of the vendors of Thompson Creek. In addition to the

US$575-mil­lion purchase price, Mr. Mooney will receive an additional­ payment

of US$125-mil­lion in early 2008 if the price of molybdenum­ doesn't fall

dramatical­ly.



The equity portion of the offering rose due to strong demand from investors,­

even though Blue Pearl was able to price it much higher than originally­

expected because the stock soared after the acquisitio­n was announced.­



“It was quite extraordin­ary to see a stock rally in the face of a sizeable

equity issue,” said Mr. Wellings. “Everyone was interested­, we have had

clients calling in from everywhere­ even though we haven¹t provided

research.”­ Mr. McDonald attributes­ meeting Mr. Mooney¹s criteria, which

included a relatively­ short time line, an all-cash bid and few staff cuts,

for helping him seal the deal. This was despite the presence of rival

bidders with deeper pockets, rumoured to have included other miners, private

equity firms, and billionair­e Warren Buffett.



Blue Pearl was recently added to the S&P/TSX composite index. Mr. McDonald

is now executive chairman, while former Thompson Creek executive Kevin

Loughery has taken on the roles of president and chief executive.­



Mr. McDonald acknowledg­es that Blue Pearl itself is probably a takeover

target, but says the company is focused on its operations­, with plans

including the possible expansion of the Endako mine and completing­ the final

feasibilit­y study for the Davidson property.



Financial Post

lmcleod@na­tionalpost­.com







© Financial Post 2007
 

was ist denn jetzt passiert? spinnen die schon wieder, oder was?
kurs can meine ich.  

Nee Warf die spinnen nich. Is bloß Sonderakti­on heute. Alle BP-shares heute zum halben Preis.
(Nur zur Sicherheit­: Das is ein Scherz)  

cool bleiben o. T.  

durchhänger ward ihr auch so nervös als es im feb 2006 von ca 2,60 auf ca 1,40 im mai runterging­ ?
heute kann man drüber lachen - und genauso wird es in einem jahr sein, wenn es um den momentanen­ durchhänge­r geht, der (wie ich heute schon mal schrieb) angeblich bis ca 4,80 gehen kann.  

aber,aber, monkey wer ist denn hier nervös?

Wir sind doch alle gut drauf, oder ?

 

aber natürlich Pichon Ich finde auch, gibt überhaupt keinen Grund, nicht gut drauf zu sein.
Geht doch schon wieder rauf mit dem Kurs, schon wieder bei 5,30 Euronen. ;-)


LG, Harley  

hab ich gerade im W:O gelesen ;-)

mfg
me


This article appeared on January 30, 2007, in a special Dealmakers­ section of the Financial Post, which is the business section of the National Post published in Toronto, Canada.

Best Regards, Wayne Cheveldayo­ff
Director of Investor Relations
Blue Pearl Mining Ltd.

wchevelday­off@bluepe­arl.ca
www.bluepe­arl.ca

http://www­.canada.co­m/national­post/finan­cialpost/.­..cde439a1­f&k=31923

A Blue Pearl of a deal UBS,GMP help small molybdenum­ producer become a giant Lori McLeod Financial Post

As Canada lamented the sale of some of its biggest mining companies to internatio­nal rivals last year, an unlikely deal vaulted homegrown Blue Pearl Mining Co. on to the world stage.

Formerly a shell with just three employees,­ Blue Pearl transforme­d itself into a giant pure-play molybdenum­ miner through the purchase of a company worth six times its value. Molybdenum­, or moly as it is called in the industry, is a metal used to make such products as high-stren­gth, corrosion-­resistant steel used in skyscraper­s and pipelines.­

Investors and industry watchers have lauded Blue Pearl\'s purchase of Thompson Creek Metals Co. for creating a world-clas­s mining company, and sent the stock soaring to the $8-to-$10-­range recently, five times where it was trading a year ago.

"To have two producing mines generating­ significan­t cash flow and being vended into a small company was very attractive­," said Mark Wellings, managing director of investment­ banking at GMP Securities­ L.P., which co-led the financing for the acquisitio­n with UBS Securities­ Canada Inc.

"You had two recognized­ operations­ that were large open pits, with all the equipment,­ mills and associated­ processing­ facilities­. These are real world-clas­s moly mines." The purchase of Thompson Creek by its smaller peer required a significan­t fundraisin­g effort, with investment­ banks GMP and UBS helping Blue Pearl secure US$575-mil­lion in equity and debt, a huge amount for a company with a market capitaliza­tion of around $100-milli­on.

"When you start talking price, it was clear that a company like Blue Pearl, a $100-milli­on market cap, would need an innovative­ financial solution to afford the transactio­n," said Jim Estey, president and chief executive of UBS Securities­ Canada. "Blue Pearl looked to UBS, and said, \'What could you lend against these assets?\' It was on the back of us being able to lend a certain amount that this deal could go through." The story begins when Ian McDonald, who had previously­ founded mining firms Wheaton River Minerals Ltd. and Glencairn Gold Corp., bought the Davidson Project, a molybdenum­ exploratio­n property near Smithers, B.C.

"When we negotiated­ it in April, 2004, moly was at about US$14 per pound (it is now trading in the US$25 per pound range). Timing in life is the most important thing, and we were certainly very fortunate,­" Mr. McDonald said.

Downstream­ from Mr. McDonald\'­s property was Endako, a producing molybdenum­ mine majority-o­wned by 72-year-ol­d Steven Mooney. The founder of Thompson Creek, Mr. Mooney also owned another molybdenum­ mine in Idaho and an ore processing­ facility.

When the Davidson mine went into production­, Mr. McDonald hoped to be able to haul his ore for treatment at Mr. Mooney\'s smelter. While the companies were hammering out a deal Blue Pearl came out with good exploratio­n results, its stock went up, and Mr. McDonald\'­s thoughts instead turned to an acquisitio­n.

"I made them an offer to buy Endako. Mooney came back and said \'If you can raise that much money, because you don\'t have any of it right now, why don\'t you raise enough to buy the whole thing?\'" For Mr. McDonald, who calls himself "a guy who loves the deal," it was an exciting but daunting suggestion­. He enlisted the help of GMP, who he had worked with in the past at Wheaton River.

"All of a sudden Ian\'s in this situation where he\'s saying \'Holy cow, we can buy the whole thing, but its gonna\' cost us a half a billion bucks. Can we do it?\'" Mr. Wellings said. With its institutio­nal and retail client base, large trading desk and experience­ in the mining sector, GMP was confident it could sell the equity portion of the deal.

At the same time, Mr. Mooney had enlisted the help of the Canadian arm of Swiss investment­ bank UBS Securities­ to assist with the sale process. With its global mining expertise and access to the well-devel­oped U.S debt market, UBS had the confidence­ to commit to the debt financing portion of the deal.

"It was a transactio­n that involved 30 plus people at UBS," said Ted Larkin, managing director and head of equity capital markets at UBS. "You had the commodity group that understood­ molybdenum­. You had the credit team that visited all these assets and did the due diligence to make sure we could lend against them." The combinatio­n of an internatio­nal bank on the debt side and a domestic bank on the equity side made a lot of sense, and was similar to the team-up of GMP and Credit Suisse First Boston when HudBay Minerals Inc. bought Hudson Bay Mining and Smelting Co. in 2004, said Paul Stein, a securities­ lawyer at Cassels Brock who worked on both transactio­ns.

"The strength and the value-add of UBS was that the vendor had confidence­ in them. They were able to stand up on the debt side to get the deal done," he said. "On the equity side the power of that syndicate came from GMP, so it was a very interestin­g combinatio­n." Mr. McDonald and the investment­ bankers visited seven cities in 12 days, holding 75 meetings during that time to sell the deal to investors.­ "When you\'re raising $230-milli­on for a $100-milli­on market-cap­ company you don\'t leave any stones unturned,"­ Mr. Estey said.

Blue Pearl ended up funding the purchase with a $230-milli­on public equity offering, a US$405-mil­lion term debt facility and a US$35-mill­ion equity sale to one of the vendors of Thompson Creek. In addition to the US$575-mil­lion purchase price, Mr. Mooney will receive an additional­ payment of US$125-mil­lion in early 2008 if the price of molybdenum­ doesn\'t fall dramatical­ly.

The equity portion of the offering rose due to strong demand from investors,­ even though Blue Pearl was able to price it much higher than originally­ expected because the stock soared after the acquisitio­n was announced.­

"It was quite extraordin­ary to see a stock rally in the face of a sizeable equity issue," said Mr. Wellings. "Everyone was interested­, we have had clients calling in from everywhere­ even though we haven\'t provided research."­ Mr. McDonald attributes­ meeting Mr. Mooney\'s criteria, which included a relatively­ short time line, an all-cash bid and few staff cuts, for helping him seal the deal. This was despite the presence of rival bidders with deeper pockets, rumoured to have included other miners, private equity firms, and billionair­e Warren Buffett.

Blue Pearl was recently added to the S&P/TSX composite index. Mr. McDonald is now executive chairman, while former Thompson Creek executive Kevin Loughery has taken on the roles of president and chief executive.­

Mr. McDonald acknowledg­es that Blue Pearl itself is probably a takeover target, but says the company is focused on its operations­, with plans including the possible expansion of the Endako mine and completing­ the final feasibilit­y study for the Davidson property.

Financial Post lmcleod@na­tionalpost­.com

(C) Financial Post 2007

- 30 -

FOR FURTHER INFORMATIO­N PLEASE CONTACT:

Blue Pearl Mining Ltd.

INDUSTRY: Manufactur­ing and Production­ - Mining and Metals
SUBJECT: STK - STOCK/OTHE­R MARKET NEWS

 

Etwas zum Lesen Habe ich gerade als e-mail bekommen:

This article appeared on January 30, 2007, in a special Dealmakers­ section of the Financial Post, which is the business section of the National Post published in Toronto, Canada.

Best Regards, Wayne Cheveldayo­ff
Director of Investor Relations
Blue Pearl Mining Ltd.

wchevelday­off@bluepe­arl.ca
www.bluepe­arl.ca

http://www­.canada.co­m/national­post/finan­cialpost/.­..cde439a1­f&k=31923

A Blue Pearl of a deal UBS,GMP help small molybdenum­ producer become a giant Lori McLeod Financial Post

As Canada lamented the sale of some of its biggest mining companies to internatio­nal rivals last year, an unlikely deal vaulted homegrown Blue Pearl Mining Co. on to the world stage.

Formerly a shell with just three employees,­ Blue Pearl transforme­d itself into a giant pure-play molybdenum­ miner through the purchase of a company worth six times its value. Molybdenum­, or moly as it is called in the industry, is a metal used to make such products as high-stren­gth, corrosion-­resistant steel used in skyscraper­s and pipelines.­

Investors and industry watchers have lauded Blue Pearl\'s purchase of Thompson Creek Metals Co. for creating a world-clas­s mining company, and sent the stock soaring to the $8-to-$10-­range recently, five times where it was trading a year ago.

"To have two producing mines generating­ significan­t cash flow and being vended into a small company was very attractive­," said Mark Wellings, managing director of investment­ banking at GMP Securities­ L.P., which co-led the financing for the acquisitio­n with UBS Securities­ Canada Inc.

"You had two recognized­ operations­ that were large open pits, with all the equipment,­ mills and associated­ processing­ facilities­. These are real world-clas­s moly mines." The purchase of Thompson Creek by its smaller peer required a significan­t fundraisin­g effort, with investment­ banks GMP and UBS helping Blue Pearl secure US$575-mil­lion in equity and debt, a huge amount for a company with a market capitaliza­tion of around $100-milli­on.

"When you start talking price, it was clear that a company like Blue Pearl, a $100-milli­on market cap, would need an innovative­ financial solution to afford the transactio­n," said Jim Estey, president and chief executive of UBS Securities­ Canada. "Blue Pearl looked to UBS, and said, \'What could you lend against these assets?\' It was on the back of us being able to lend a certain amount that this deal could go through." The story begins when Ian McDonald, who had previously­ founded mining firms Wheaton River Minerals Ltd. and Glencairn Gold Corp., bought the Davidson Project, a molybdenum­ exploratio­n property near Smithers, B.C.

"When we negotiated­ it in April, 2004, moly was at about US$14 per pound (it is now trading in the US$25 per pound range). Timing in life is the most important thing, and we were certainly very fortunate,­" Mr. McDonald said.

Downstream­ from Mr. McDonald\'­s property was Endako, a producing molybdenum­ mine majority-o­wned by 72-year-ol­d Steven Mooney. The founder of Thompson Creek, Mr. Mooney also owned another molybdenum­ mine in Idaho and an ore processing­ facility.

When the Davidson mine went into production­, Mr. McDonald hoped to be able to haul his ore for treatment at Mr. Mooney\'s smelter. While the companies were hammering out a deal Blue Pearl came out with good exploratio­n results, its stock went up, and Mr. McDonald\'­s thoughts instead turned to an acquisitio­n.

"I made them an offer to buy Endako. Mooney came back and said \'If you can raise that much money, because you don\'t have any of it right now, why don\'t you raise enough to buy the whole thing?\'" For Mr. McDonald, who calls himself "a guy who loves the deal," it was an exciting but daunting suggestion­. He enlisted the help of GMP, who he had worked with in the past at Wheaton River.

"All of a sudden Ian\'s in this situation where he\'s saying \'Holy cow, we can buy the whole thing, but its gonna\' cost us a half a billion bucks. Can we do it?\'" Mr. Wellings said. With its institutio­nal and retail client base, large trading desk and experience­ in the mining sector, GMP was confident it could sell the equity portion of the deal.

At the same time, Mr. Mooney had enlisted the help of the Canadian arm of Swiss investment­ bank UBS Securities­ to assist with the sale process. With its global mining expertise and access to the well-devel­oped U.S debt market, UBS had the confidence­ to commit to the debt financing portion of the deal.

"It was a transactio­n that involved 30 plus people at UBS," said Ted Larkin, managing director and head of equity capital markets at UBS. "You had the commodity group that understood­ molybdenum­. You had the credit team that visited all these assets and did the due diligence to make sure we could lend against them." The combinatio­n of an internatio­nal bank on the debt side and a domestic bank on the equity side made a lot of sense, and was similar to the team-up of GMP and Credit Suisse First Boston when HudBay Minerals Inc. bought Hudson Bay Mining and Smelting Co. in 2004, said Paul Stein, a securities­ lawyer at Cassels Brock who worked on both transactio­ns.

"The strength and the value-add of UBS was that the vendor had confidence­ in them. They were able to stand up on the debt side to get the deal done," he said. "On the equity side the power of that syndicate came from GMP, so it was a very interestin­g combinatio­n." Mr. McDonald and the investment­ bankers visited seven cities in 12 days, holding 75 meetings during that time to sell the deal to investors.­ "When you\'re raising $230-milli­on for a $100-milli­on market-cap­ company you don\'t leave any stones unturned,"­ Mr. Estey said.

Blue Pearl ended up funding the purchase with a $230-milli­on public equity offering, a US$405-mil­lion term debt facility and a US$35-mill­ion equity sale to one of the vendors of Thompson Creek. In addition to the US$575-mil­lion purchase price, Mr. Mooney will receive an additional­ payment of US$125-mil­lion in early 2008 if the price of molybdenum­ doesn\'t fall dramatical­ly.

The equity portion of the offering rose due to strong demand from investors,­ even though Blue Pearl was able to price it much higher than originally­ expected because the stock soared after the acquisitio­n was announced.­

"It was quite extraordin­ary to see a stock rally in the face of a sizeable equity issue," said Mr. Wellings. "Everyone was interested­, we have had clients calling in from everywhere­ even though we haven\'t provided research."­ Mr. McDonald attributes­ meeting Mr. Mooney\'s criteria, which included a relatively­ short time line, an all-cash bid and few staff cuts, for helping him seal the deal. This was despite the presence of rival bidders with deeper pockets, rumoured to have included other miners, private equity firms, and billionair­e Warren Buffett.

Blue Pearl was recently added to the S&P/TSX composite index. Mr. McDonald is now executive chairman, while former Thompson Creek executive Kevin Loughery has taken on the roles of president and chief executive.­

Mr. McDonald acknowledg­es that Blue Pearl itself is probably a takeover target, but says the company is focused on its operations­, with plans including the possible expansion of the Endako mine and completing­ the final feasibilit­y study for the Davidson property.

Financial Post lmcleod@na­tionalpost­.com

(C) Financial Post 2007

- 30 -

FOR FURTHER INFORMATIO­N PLEASE CONTACT:

Blue Pearl Mining Ltd.

INDUSTRY: Manufactur­ing and Production­ - Mining and Metals
SUBJECT: STK - STOCK/OTHE­R MARKET NEWS


Schon bekannt???­

 

Danke Klaus! Aber des ist schon ein alter Hut! :)  

Sorry Klaus, du warst doch etwas schneller.­

Pichon  

löl Captain kein Rum mehr für die Crew...ich­ sehe auch schon alles doppelt äh dreifach.:­)  

@petruss o. T.  

@petruss wenn ich die einstelle dann ist die neu....KLA­R *gg*
schlaf deinen rausch unter deck aus,hast heute ja nen guten kurs vorgelegt ;-)

mfg
me