Thistle Mining

Jetzt ist Thistle auch noch der CEO verloren gegangen.

Thistle Mining Inc. CEO leaving 'on mutually agreed terms'
12/23/04
TORONTO, Dec 23, 2004 (The Canadian Press via COMTEX) --

Thistle Mining Inc., which is going through bankruptcy-court restructuring, said Thursday it has lost its CEO.

William McLucas is leaving as chief executive, president and director "on mutually agreed terms," Toronto-based Thistle said in a terse news release.

On Tuesday, stockholders started bailing out on Thistle Mining after the company announced plans to cancel existing shares in its restructuring.

Thistle said it intends to restructure its debt and equity in an agreement involving Thistle, Meridian Capital and Meridian affiliate Thistle Holdings. Thistle will owe Meridian $20 million US after restructuring.

The five per cent of new equity to be issued to unsecured creditors and existing shareholders "will be allocated between them in a manner to be determined by Meridian Capital," Thistle said earlier this week.

The percentage of shares to be received by the existing shareholders will depend on the amount of claims by Thistle's affected unsecured creditors.

On the Toronto market Thursday, Thistle shares (TSX:THT) were trading at half a cent, unchanged.

The online source for news sports entertainment finance and business news in Canada
Copyright (C) 2004 The Canadian Press (CP), All rights reserved

1,2,3, osterei

Auch Saccard hält THT offensichtlich nicht für eine Aktie, die man haben muß.

THT immer noch bei 0,5 Cent. Soll man als Zocker einsteigen oder noch auf die 0,25 warten?

Trotz THT ein schönes Fest.

Und Gogh erzählt uns nach den Feiertagen, wie sich sein Lamborghini Diablo in der Thistle Ausführung einfahren ließ.

Während wir aufs Christkind warten, ein paar

"fachlich qualifizierte" Kommentare aus dem Stockhouse-Board

User 2carlit
SUBJECT: half a cent............

Oh boy I lost money if I sell now. helppppppppppppp.........

User syrdr
SUBJECT: any hope

is there any hope or tht seeing 3 cents.. ANYBODY..

User Agent009nhalf
SUBJECT: NIce!

I stop looking at my shares for 2 days! 2 F*CKING days and Boom! From 0.035$ to nothing, nice stuff... anyway, merry f*cking x-mas everyone.

den Schluß wollen wir positiv ausklingen lassen angesichts des heutigen Tages:

User TSXsucks
SUBJECT: i made a whopping 200 dollars

over 2 days of trading this POS

man...

(Anmerkung: POS steht hier nicht für price of silver )

Ohhhhhhhhhhhh gott oder ooooooohhhhhhhhh ggggggggoooooooooogggggggghhhhhhhhhhhhh.

Haben diese Warzen im Angesicht der Erde unsere elektronische Tinte verdient......oooooooooooohhhhhhhhhhh nnnnnnnnnnoooooooooo.

Die Vögel können mich mal in Timbuktu besuchen............der " Blaue Kakadu " mit Plutonia und Moott ett Tschendäng in der Magnum Version ...........naja da träumen die nicht mal davon.

Votros

Ich kaufe auch mal .........so einen billigen Schein gibts so schnell nicht mehr.

BTW..........bei KCN gabs schon mal ein Bündel Fuchsschwänze..........für die Mannen miot cojones.

Dir ein schönes Fest...........und nur Dir

1,2,3, osterei.

# gogh

Wo hast Du denn diese Busenmonster aufgetrieben ,ist ja abscheulich?

gruß
hpoth

TSX Suspension Notice - Thistle Mining Inc. (THT, THT.DB.U, THT.DB.V)
12/30/04
TORONTO, Dec 30, 2004 (Canada NewsWire via COMTEX) --

The common shares (Symbol: THT), the Series A Convertible Loan Notes (Symbol: THT.DB.U), and 10% Secured Convertible Loan Notes (Symbol: THT.DB.V) of Thistle Mining Inc. will be suspended from trading at the close of business on Friday, December 31, 2004, for failure to meet the continued listing requirements of Toronto Stock Exchange.

VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=69028 http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=47066 http://www.newswire.ca/en/releases/orgDisplay.cgi?okey=89881

For further information: TSX Group Inc. Media Relations and Publicity, Corporate Communications, 1-888-873-8392, info(at)tsx.com. News release via Canada NewsWire, Toronto 416-863-9350
Copyright (C) 2004 CNW, All rights reserved

[Blockierte Grafik: http://www.mainzelahr.de/smile/unsortierbar/rip.gif]

R

Aus AFX vom 06.07.05

2005-07-06 18:47:06 story 1235785

Thistle Mining says shares to remain suspended on AIM

LONDON (AFX) - Thistle Mining Inc said trading in its shares will remain suspended on the Alternative Investment Market pending completion of procedures relating to the restructuring of the company.

Trading had been due to resume today.

During the restructuring period, Thistle's operations were funded by its creditor Meridian Capital to the tune of 21.8 mln usd.

Thistle currently has a cash balance of 0.6 mln usd and is due to hold a board meeting this month to discuss and arrange bridging financing to meet the immediate cash needs of its South African and Philippine operations.

The company said its President Steyn operation in South Africa continues to face challenging operating conditions due to the rand's strength versus the dollar and requires additional funding.

Gold sales during the five-month period January to May at President Steyn amounted to 73,400 ounces at a realized sale price of 426 usd per ounce, while the cash cost of production remained high, averaging 550 usd per oz.

Depotbank teilt mit, daß für je 200 THT ein Lolly ausgegeben wird.

Ist doch nett von den neuen Inhabern.

Bin richtig gespannt wie der Geschmack sein wird.


Im Ernst seit wenigen Tagen Reverse Split

je 1 Neue für 200 "verbrannte" Alte.


Ulfur,

wetz´die Messer, es geht bald wieder los!

[Blockierte Grafik: http://www.cosgan.de/images/smilie/verschiedene/d080.gif]

so wie ich das verstehe werden die Neuen jetzt 18.07.05

in London an der AIM unter dem Kürzel TMG gehandelt.

aktueller Kurs um die 0,8 Britisch Pound für 1 Neue (identisch 200 Alte).


Mal abwarten, wo sich der Kurs einpendeln wird.

Trading in Thistle was restarted after a period of suspension while the company was restructured. In essence, the debt overhang has been exchanged for stock, though in the process the existing shareholders were virtually wiped out. The stock fell by an effective 89 per cent taking into account the 1 for 200 consolidation, though as a result of the new stock being issued the market capitalisation actually doubled. All of which left the market thoroughly confused and so the market makers opened the spread right up. Indeed, for all of Friday at least Evolution was offering to
buy stock at 1p and sell it at 100p. The stock remains suspended in Canada.
Aus:
That Was The Week That Was …. In London and frankfurt
http://www.minesite.com/storyFull.php?storySeq=2876

"the existing shareholders were virtually wiped out"

Bemerkenswerter Weise aber nicht so radikal

wie zu erwarten war.

Es hängt wie vor der Insolvenz vieles davon ab,

daß der Rand deutlich schwächer wird.

Ganz einmotten und auf bessere Zeiten warten

geht auf President Steyn kaum.

President Steyn

Posted: Thu, 21 Jul 2005

[miningmx.com] -- Thistle Mining, which operates an unprofitable gold mine in South Africa's Free State province, may fire as many as 2,000 workers, or about a third of its workforce, the Solidarity labour union announced today.

Thistle, based in Toronto, is losing about R13 million a month at the President Steyn mine, Solidarity said in an e-mailed statement, adding that this announcement puts further pressure on miners from the region after Harmony Gold recently announced further retrenchments at its mines in the area.
http://www.miningmx.com/wts/464044.htm