| To: AugustWest who wrote (1302) | 6/13/2003 10:56:43 AM | | From: yard_man | | | | | I re-entered @ 4.12 after selling at 3.96 -- sometimes it makes sense to re-enter at a higher price -- I expected a loger battle at 4.00. It's a bet on the merger being approved and the fact that Pd got way oversold. |
| | Stillwater Mining , SWC (former PGMS) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Chris who started this subject | 6/16/2003 9:45:54 AM | | From: AugustWest | | | | PRER 14A: SWC Vote; Adopt Stock Purchase Agreement [delayed]
Ridgeland, MS, JUN 16, 2003 (EventX/Knobias.com via COMTEX) -- A special
meeting of stockholders of Stillwater Mining Company (NYSE: SWC) will be held on
June 16, 2003 at 12 Noon ET, at the Hyatt Regency Tech Center, Grand Mesa Room,
7800 East Tufts Avenue, Denver, Colorado 80237. The purposes of the special
meeting are:
1. To consider and vote on a proposal to approve and adopt the Stock Purchase
Agreement, dated November 20, 2002, by and among the Company, MMC Norilsk Nickel
and Norimet Limited under which, among other things, the Company will issue
45,463,222 new shares of common stock to Norimet in exchange for $100,000,540 in
cash and approximately 877,000 ounces of palladium; and
2. To consider and take action upon such other matters as may properly come
before the meeting or any adjournment or postponement thereof.
Only holders of record of shares of the Company's common stock at the close of
business on April 28, 2003 will be entitled to vote at the meeting.
Misc Releated Info:
** Original Confirmation
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by at least 10 minutes. To get all Knobias alerts in real-time daily,
visit knobias.com
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading
and investing data covering all U.S. equities for investors and security
professionals. Knobias is best described by its three major components:
Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
Knobias RAiDAR providing thousands of real-time news stories, alerts and
documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2003 Knobias.com, LLC, All rights reserved.
-0-
SUBJECT CODE: Misc Corp Action
Shareholder Issues
*** end of story *** |
| | Stillwater Mining , SWC (former PGMS) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: AugustWest who wrote (1305) | 6/16/2003 1:19:54 PM | | From: AugustWest | | | | Stillwater Shareholders Vote in Favor of Norilsk Nickel Transaction And FTC G
ants Early Termination of Waiting Period
DENVER, Jun 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- STILLWATER MINING
COMPANY (NYSE: SWC) announced that its stockholders approved the proposed
transaction with MMC Norilsk Nickel at the special meeting of stockholders held
earlier today. Approximately 82.9% of the votes cast at the special meeting
voted in favor of the transaction. Additionally, today the Federal Trade
Commission (FTC) informed the Company and MMC Norilsk Nickel, that it has
granted early termination of the Hart-Scott-Rodino Act waiting period for the
transaction. While the transaction remains subject to certain conditions the
Company expects that the transaction will close later this month.
At the closing of the transaction, Stillwater will issue 45,463,222 new shares
of its common stock to a wholly-owned subsidiary of Norilsk Nickel in exchange
for $100,000,540 in cash and approximately 877,000 ounces of palladium.
Francis R. McAllister, Chairman of the Board and Chief Executive Officer of the
Company, said, "The Board of Directors is pleased that the shareholders approved
the agreement and welcomes the Norilsk Nickel investment in light of the current
economic situation and low PGM prices. With this transaction, we will be able to
reduce the Company's debt and use the additional capital to improve our
operations."
Stillwater Mining Company is the only U.S. producer of palladium and platinum
and is the largest primary producer of platinum group metals outside of South
Africa. The Company's shares are traded on the New York Stock Exchange under the
symbol SWC. Information on Stillwater Mining can be found at its Web site:
www.stillwatermining.com .
This press release contains forward-looking information which involves
expressions of management's current expectations. All forward-looking
information is subject to various risks and uncertainties that may be beyond the
Company's control and may cause results to differ materially from management's
current expectations. Information concerning factors that could cause actual
results to differ materially from management's current expectations are set
forth in the section entitled "Risk Factors" in the Company's Annual Report on
Form 10-K for the year ended December 31, 2002 and may be discussed in
subsequent filings with the SEC.
SOURCE Stillwater Mining Company
CONTACT: John W. Pearson of Stillwater Mining Company, +1-406-322-8742
or Simon Coope of MacKenzie Partners, Inc., +1-212-929-5500,
r
+1-800-322-2885, for Stillwater Mining Company; or Sergey Pol
karpov of
Norilsk Nickel, +7-095-785-10-90
URL: stillwatermining.com
prnewswire.com
Copyright (C) 2003 PR Newswire. All rights reserved.
-0-
ProviderSequenceNumber: 7068
KEYWORD: Colorado
South Africa
INDUSTRY KEYWORD: MNG
*** end of story *** |
| | Stillwater Mining , SWC (former PGMS) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: yard_man who wrote (1307) | 6/17/2003 10:56:11 AM | | From: AugustWest | | | | I'd like to think so.
I just set my stop right above yesterday's close
one for good measure and all that jive.
sure is something to see these miners/POG rising while tech bubble reinflates.
my money says gold wins out eventually.
but I was sort of hoping for a real buying opt in miners over the summer
maybe still get it |
| | Stillwater Mining , SWC (former PGMS) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: yard_man who wrote (1311) | 6/19/2003 10:53:39 AM | | From: AugustWest | | | | looks like we're gonna have some selling pressure here around 45.1 or so.
not sure what it looks like if it takes that out.
i'm tempted to take half off the table if it falls back under 45.
maybe set a stop around $4.94 or so.
BTW, how do you like this for a bit of tug o' war?
at least we're getting some exposure. #reply-19045363 |
| | Stillwater Mining , SWC (former PGMS) | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
