Atlas Cons. Mining & Dev't Corp
Business Profile:

Atlas Consolidated Mining and Development Corporation (Atlas) was incorporated in 1935. Atlas is listed on the Philippine Stock Exchange (PSE) and was, until May 1995, listed on the American Stock Exchange (AMEX).

A major restructuring of the Company’s assets was undertaken in years 2004 and 2005 with the creation of three special purpose subsidiaries to develop the Toledo Copper Complex, Berong Nickel Project and the Toledo-Cebu Bulk Water and Reservoir Project. As a result, Carmen Copper Corporation (CCC), Berong Nickel Corporation (BNC) and AquAtlas Inc. (AI) were incorporated and, subsequently, were positioned to attract project financing as well as specialist management and operating expertise.

In addition, Atlas incorporated a 100%-owned subsidiary, Atlas Exploration Inc. (AEI), to host, explore and develop copper, gold, nickel and other mineral exploration properties. AEI will also explore for other metalliferous and industrial minerals to increase and diversify the mineral holdings and portfolio of Atlas.

Today, Carmen Copper Corporation is 54.46% owned by Atlas and has been successfully rehabilitated to become the country's largest copper exporter.


Management's Discussion and Analysis of Financial Condition and Result of Operation

The Company performed better by registering a consolidated Net Income of P 1,338 Million(P 705M of which is attributable to equity holders of the Parent Company) during the first quarter of the year compared to the P 233M (P 145M pertains to the Parent Company) net income recorded in the same period in 2010, an improvement of 474%.

Source: Q12011 Financial Report

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#2 Wrote:
(06-10-2011, 10:16 AM)Ruach Wrote: Am I seeing the real thing? Part of the most active stocks today. Hopefully AT, you can get out na. Big Grin
waaaah ipt pa ako sa AT waaaaah anyways
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hehehehehe sexy si AT ,sing sexy ni maam Ruach di ba Master B?Big GrinBig Grin

Board of Directors of Atlas Consolidated Mining and Development Corporation (PSE: AT) (“Atlas”) approved Atlas’s acquisition of the entire equity interest of CASOP Atlas Corporation and CASOP Atlas B.V. (collectively, “CASOP”) in Carmen Copper Corporation (“CCC”) which constitutes 45.54% of CCC’s outstanding capital stock (the “Acquisition”)

Voluntary Trading suspension of AT effective today, June 24 at 9:00 AM to June 27, 2011.
yan si lady ruach, galing at bilis mag research, info is critical sa trading, but a very fast info like this reaching forum members will definitely help a lot sa trading decision

hats offSmile
(06-24-2011, 08:40 AM)maverick_sean Wrote: yan si lady ruach, galing at bilis mag research, info is critical sa trading, but a very fast info like this reaching forum members will definitely help a lot sa trading decision

hats offSmile
Master sana i retest nya neckline 18.23 isara na rin gap sa 18.18 para makabili ulit ako

Thanks Mave but malaki ang possibility to reach your linear. Timing is required hahaha... Smile

Board approval of capital raising exercise to fund acquisition of Carmen Copper Corporation

Capital raising entail issuance of to targeted investors of a total of 700,536,809 of Atlas shares at the price of 19.56 per share which will constitute approximately 33% of the fully-diluted outstanding capital stock of Atlas....

Please be advised that the transaction disclosed by the Corporation are subject to the following provisions of the rules of the Rule on Additional Listing of Securities.
Atlas to fully own Carmen Copper in $368M deal

MANILA, Philippines - The Philippines' Atlas Consolidated Mining and Development Corp said on Friday it will buy out its Singapore-based partners for $368 million to fully own unlisted Carmen Copper Corp, which operates the Toledo mine in central Cebu province.

Atlas said the Philippine Stock Exchange has granted its request for a suspension in trading of its shares from Friday until June 27. The stock gained more than 18 percent this week, and hit a four-year high of 20.15 pesos on Thursday.

Atlas plans to raise $390 million via debt and equity to finance the acquisition and to provide for general working capital requirements of Carmen Copper, it said in a regulatory filing.

It has mandated BDO Capital and Investment Corp, a unit of Banco de Oro Unibank and Evercore Partners as advisers and deal arrangers.

Atlas said its board would determine the structure of the capital raising on June 24, ahead of a stakeholders meeting on June 27.

The company said its board approved its acquisition of the combined 45.54 percent stake of CASOP Atlas Corp and CASOP Atlas B.V. in Carmen Copper, which holds exclusive rights over mineral reserves in the 1,674-hectare Toledo copper mine complex.

Both CASOP Atlas Corp and CASOP Atlas B.V. are units of Crescent Asia Special Opportunities Portfolio (CASOP) of Singapore.
Atlas denies MVP buy-in rumors

Sunday, 26 June 2011 17:25 Miguel R. Camus / Reporter
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ALTAS Consolidated Mining and Development Corp. denied market rumors that the miner is selling shares to the group of Manuel V. Pangilinan as part of a plan to raise funds to increase its stake in flagship unit Carmen Copper Corp.

But Atlas chairman Alfredo Ramos said via text message that his company is not ruling out a future deal with Pangilinan, chairman of copper and gold giant Philex Mining Corp., who may be “interested” in coming up with a separate transaction with his group. 

The statement comes after Atlas said it will raise $390 million from an equity and debt issuance to fund the $368-million cash acquisition of a 45.54 percent stake in Carmen Copper.

The stake will be acquired from the units of Singapore-based Crescent Asia Special Opportunities Portfolio, which has been seeking to exit the miner.

Atlas will own 100 percent of Carmen Copper following the transaction, and plans to use the remaining proceeds to finance general capital requirements of the subsidiary.

Atlas said on Friday that its board agreed to issue 700.54 million shares at P19.56 each, representing a third of Atlas’s expanded outstanding stock.

That price is an 8.5-percent premium to the miner’s average price in the last 30 sessions, but still below market expectations, a trader said over the weekend.

Of the issuance, Atlas said 316.24 million shares will be sold through a private placement to an unnamed investor.

Traders said speculation is persistent that Pangilinan may be the new investor buying into Atlas but Ramos denied such rumors.

Pangilinan is not involved with this deal with Casop,” Ramos said. “He may be interested but [in] a different deal. Not this one,” he added, without offering additional details.

Atlas is also issuing one-year notes to Banco de Oro Unibank Inc. (BDO) convertible into 273.1 Atlas shares and another 111.2 million shares to its major shareholder, Alakor Corp.

Separately, Atlas is issuing a 5-year convertible note with BDO to raise the remaining $75 million at 7 percent per annum. This transaction was not included in the share computation as the conversion will only be triggered if Atlas defaults on its obligations.  

Trading of Atlas shares were suspended on Friday and today, pending further details to be revealed during a corporate briefing scheduled this afternoon in Makati City. The shares, last traded at P20, surged 20 percent in the four sessions to Thursday.

In a statement on Friday, Atlas said the acquisition of an additional stake in Carmen Copper will boosts its revenues and earnings before interest, taxes, depreciation and amortization by 84 percent.

The company is also pursuing a plan to increase production capacity from the current 42,000 tons per day to 100,000 tons per day, the statement said.

Carmen Copper delivered 30,104 dry metric tons of copper concentrates to various smelters in China and South Korea during the first quarter.

Atlas reported that first quarter net income surged to P704.71 million, up from P233.13 million during the same period last year. Revenues were up by half to P3.28 billion.
Ruach, eh 'di ibig sabihin, patay ang mga AT holders this week? Expectations kasi si MVP bibili. Kahit assuming merong ibang bibili, kay MVP lang bilib ang mga masa.
(06-27-2011, 01:41 AM)RamblingMan Wrote: Ruach, eh 'di ibig sabihin, patay ang mga AT holders this week? Expectations kasi si MVP bibili. Kahit assuming merong ibang bibili, kay MVP lang bilib ang mga masa.

Tingin ko si PX baba coz Atlas denied the rumor that PX will buy Atlas. Currently, suspended pa naman si Atlas today. Let us just wait for further announcement from Atlas. Smile

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