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MIO Minco

2.65
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Minco LSE:MIO London Ordinary Share IE0004678326 ORD EUR0.0125
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.65 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
2.50 2.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.65 GBX

Minco (MIO) Latest News

Real-Time news about Minco (London Stock Exchange): 0 recent articles

Minco (MIO) Discussions and Chat

Minco Forums and Chat

Date Time Title Posts
16/3/202413:14Buchans Resources - formerly Minco1,277
16/11/202117:53Minco - Irish Zinc and Mexican Silver6,535
02/12/201508:26There is ZINC in them thar Pennines!!!1,862
21/10/201422:44MIO - The Utterly Free Speech Thread30
23/4/201416:30Minco shareholders lost 90% of value15

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Minco (MIO) Most Recent Trades

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Minco (MIO) Top Chat Posts

Top Posts
Posted at 19/2/2024 20:37 by lendmeafiver
Sounds excellent, I guess nobody has heard anything yet on the share distribution?
Posted at 21/12/2023 19:57 by bodgit
CDMN shares this year have been by a country mile the worst performer in my portfolio Difficult to see them recovering to their issue price of 50 cents. What is the likelihood of a decent recovery in the share price in 2024? Merry Christmas.
Posted at 26/11/2023 20:28 by anynews
Geez I'm getting old, did ye see how young Canterras' CEO is?
He had to step down for 18 months in the recent past due to a "motor vehicle accident", possibly connected to his adventure sports interest.

Were not used to fresh-faced Ceo's around here! But genuinely the very best of luck to them all and good to see some management transfer (continuity) as part of the deal.

At this stage of John Kearneys career (& board) I'm sure they know how to structure a good deal so I am happy to take their word for it.
I thought the lights were off there as I couldn't get a reply to an e mail about an address anomaly.

I'm not looking forward to filling out a Capital gains Tax report in the future and trying to apportion a "price" for Canterra shares.... but I'll take a gain anyday & worry about it later.

The link below shows a screenshot of Canterras' proposed workplan for 2024.
Posted at 10/11/2023 11:54 by steve36
Actually, I think the 21% fee is only payable if the debentures are paid off early? If they go to maturity the cost is 'just' 15%. Repayment will not be a problem if the share price is greater than the conversion rate of 33c but that's not looking too likely at the moment. Seems like a gamble on things looking much more promising within 2 years. Lets hope such optimism is well placed.
Posted at 07/10/2023 12:22 by fiachra
The reaction in Canada was for the share price to go down further.
Posted at 15/8/2023 13:55 by bodgit
Sorry to be the bearer of bad news..... Gla

Canadian Manganese Reports Second Quarter 2023 Results

Toronto, Ontario--(Newsfile Corp. - August 15, 2023) - Canadian Manganese Company Inc. (NEO: CDMN) (OTC Pink: CDMNF) ("CDMN" or the "Company") reports its financial results for the second quarter ended June 30, 2023.

This news release should be read in conjunction with the Company's condensed interim consolidated financial statements and associated management's discussion and analysis for the three and six months ended June 30, 2023, which are available on the Company's website at www.CanadianManganese.com or under the Company's profile at www.sedar.com.

FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023

During the second quarter of 2023 the Company continued its focus of advancing the Woodstock manganese project, which includes the adjacent Plymouth and Hartford deposits, near Woodstock, New Brunswick.

The Company recorded a loss of $454,592 during the second quarter, compared to a loss of $615,316 in the second quarter of 2022. The loss in the second quarter of 2023 included non-cash share based compensation of $24,241, whereas the loss in the second quarter of 2022 included non-cash share based compensation of $187,705 and $177,155 of other income from the reversal of flow-through share premium.

The Company invested $1,200,147 in exploration and evaluation activities during the second quarter of 2023, including the completion of a diamond drilling program on the North Hartford deposit.

At June 30, 2023, the Company held exploration and evaluation assets with a carrying value of $16,763,599, including the Woodstock manganese project in New Brunswick with a carrying value of $9,753,155, and subsidiary Mongoose's Cobequid IOCG property in Nova Scotia with a carrying value of $7,010,443 (before a 59.5% non-controlling interest).

The Company had a working capital deficit of $2,872,509 at June 30, 2023. The Company is pursuing various financing alternatives to fund its working capital deficit and its continuing operations.

With reference to the proposed financing previously announced on May 16, 2023, the Company continues in negotiations to complete the proposed non-brokered convertible debenture of $5 million. Closing has been delayed by market conditions but is expected to be completed in the third quarter. However, there are no assurances that the Company will be successful in completing such a planned financing. The company has decided to defer the previously announced proposed flow through financing to the usual flow through season towards the end of the year, when market conditions for flow through financings are expected to be more favourable.

If the Company is unable to obtain adequate additional financing or liquidity in the immediate term, the Company will be required to curtail its operations and activities. Failure to continue as a going concern would require that the Company's assets and liabilities be restated on a liquidation basis, which may differ from the going concern basis.
Posted at 02/8/2023 12:24 by fiachra
Are we paying a total of 14 per cent over two years . At what price would we issue the shares in lieu of interest?
Posted at 01/8/2023 16:41 by fiachra
Anynews. Thanks,again,for your comprehensive attempt to enlighten me. Sadly perhaps due to density and age I am not much the wiser. Have you any theory as to why the share price has done nothing but fall since May 16th?
Posted at 01/8/2023 13:58 by anynews
Fiachra Re Financing see below. Maybe someone can enlighten us is it $.25 or $.35 per share??
Correction: John Kearney's invested $100,000 in May 2021.
In connection with the acquisition of Maximos, CMC has closed a non-brokered private placement equity financing (the "Financing") through an offering of subscription receipts ("Subscription Receipts") at a price of $0.30 per flow-through receipt ("FT Subscription Receipt") and $0.225 per non-flow-through receipt ("HD Subscription Receipt"), led by key supporting investors, including certain Maximos insiders, Clarion Finance Pte Ltd., and Commodity Capital.

Pursuant to the Financing, CMC issued 17,544,443HD Subscription Receipts at a price of $0.225 each for gross proceeds of $3,947,499.68 and 6,666,666 FT Subscription Receipts at a price of $0.30 each, for gross proceeds of $1,999,999.80. Each HD Subscription Receipt entitled the holder to receive one CMC Share, for no additional consideration, on completion of the amalgamation and each FT Subscription Receipt entitled the holder to receive one flow-through CMC Share, for no additional consideration, on completion of the amalgamation.

The gross proceeds of the Financing were deposited in escrow on closing and the Subscription Receipts automatically converted into CMC Shares and the funds released to CMC upon completion of the Maximos acquisition and the satisfaction of the other escrow release conditions.

Finders fees of $224,000 in cash and 333,333 share purchase warrants were paid and issued to certain arms-length parties for assisting in the Financing. Each warrant entitles the holder to purchase one CMC Share at a price of $0.27 per share for three years following the listing of the CMC Shares on a Canadian stock exchange.

John F. Kearney, an insider of CMC, subscribed for 444,444 HD Subscription Receipts for gross proceeds of $100,000.

Toronto, May 16, 2023 – Canadian Manganese Company Inc. (“CDMN” or the “Company”;) (NEO: CDMN) is pleased to announce a proposed private placement of (i) up to $5 million of convertible debentures (the “Debentures220;) for an aggregate purchase price of $4,800,000 (representing an original issue discount equal to 4% of the purchase price) and (ii) up to $5 million of flow-through shares (“FT Shares”) at a price of $0.25 per FT Share.
The details of the Debentures are as follows: (i) the Debentures will mature on the date that is two (2) years from the date of issuance (if not otherwise converted or prepaid) (the “Maturity Date“); (ii) the Debentures will bear interest at a rate of 14% per annum, payable semi-annually in arrears; (iii) subject to any required regulatory approval and provided no event of default has occurred and is continuing, the Company shall have the option to pay such interest by delivering a number of common shares (“Common Shares”) of the Company calculated using a Common Share price equal to the volume weighted average trading price of the Common Shares for the 20 consecutive trading days immediately prior to the applicable interest payment date; (iv) the Company shall have a right to prepay or redeem a part or the entire principal amount of the Debentures at par plus accrued and unpaid interest at any time; (v) each Debenture will be convertible into Common Shares at the option of the holder at any time prior to the close of the third business day prior to the earlier of: (a) the Maturity Date, and (b) a redemption date, at a conversion price of $0.335 per Common Share, subject to receipt of regulatory approval.
Posted at 31/7/2023 15:05 by anynews
The timing for Cdmn is perfect. The American government is throwing Billions at energy storage and renewables between now and 2030 and the Canadians want their own supply and to not be dependent on China.. There is a push for Esg Manganese for steel manufacturing but it is much more expensive than Chinese sourced. So it's all about battery Manganese.
Look at European manganese considering processing their own ore in North America.
For Cdmn it's about proving up reserves and getting a mine permitted and it won't be talked up until it gets across the line. Processing this stuff is difficult and they won't ever be doing it, we all know processors make all the money.
Cdmn picked this area up cheap and do not have to spend a fortune on it to get it permitted, so there is big upside if it gets permitted.
The last financing was interesting for an exploration company - a loan convertible to shares in two years at $.25c/ $.35c.
Of course Mr Kearney threw $100,000 of his own money in May 2021.
I picked up some of these lately also from $.08 to 10c so I'm happy.
I'd love buy more Royalties Inc but am unable.
From last Rns "RI also owns two mining royalties with significant potential optionality,
one from the eventual breakout of the silver price and the other from a courtroom in Zacatecas, Mexico"
Buchan's will have it's day.. but look at Tara mines! Buchan's are trying to talk up the Copper content of the ore.
Perhaps be " Grateful of management who don't issue confetti shares" unlike say Great western etc
Minco share price data is direct from the London Stock Exchange

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