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MIO Minco

2.65
0.00 (0.00%)
30 Apr 2024 - Closed
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 01:00:00
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
30/4/202412:09Buchans Resources - formerly Minco1,299
16/11/202117:53Minco - Irish Zinc and Mexican Silver6,535
02/12/201508:26There is ZINC in them thar Pennines!!!1,862
21/10/201423:44MIO - The Utterly Free Speech Thread30
23/4/201417:30Minco 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 30/4/2024 03:19 by marthy
Well done 👍👍 to John Kearney. He's still beavering away. He got twenty million out of Pallas Green in County Limerick and that's still not producing. Another fistful of $ out of Dalradian and they are still waiting for planning permission. There's still a bit in CDMN and some more to come out of Buchans with the Canterra CVE:CTM deal. Any guesses what that could be worth. Say 100,000 Buchans with Canterra making 10cents a share. They were at 11 last Friday. Once again, Well done,John Kearney
Posted at 28/4/2024 13:09 by anynews
Canadian Manganese are being cagey with information...

Their Annual report is on the Website under Financial reports since March 27th.

They have set out plans for 2024 subject to financing.

Remarkably they have not revealed the drill results carried out in Spring 2023 on the North Hartford property!

There is little doubting its a massive resource but the development of this is in the hands of Governments policy, subsidies and Battery Companies.

For my longstanding Minco investment I reckon I would need $1 a share here (the "strongest company" + lesser amounts on Buchans, Minco etc) to make a nice profit. Can't see that anytime soon.
Management have options at 18c in 2025 & 25c in 2026.
Posted at 06/4/2024 09:57 by bageo
Cheers - reading the circular:

Based on the foregoing and the recent range of share prices of Canterra and Royalties, the Company currently expects that holders of Buchans Shares as of the close of business on the record date (the “Distribution Record Date”) for holders of Buchans Shares will be entitled to a distribution of Distributed Shares (the “Distribution”) comprising between 1.5 and 2.0 Canterra Shares and 0.5 Royalties Shares per Buchans Share.

Royalties Inc $C0.035 (listed on website not sure what real price is with low volumes) I'm assuming no value after broker fees
Canterra $C0.08

so about C12-16 cents + remaining Buchans shares
Posted at 02/4/2024 16:01 by lendmeafiver
Thanks for that, great news, share price reacting well.
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 13:22 by fiachra
The reaction in Canada was for the share price to go down further.
Posted at 01/8/2023 14:58 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.
Minco share price data is direct from the London Stock Exchange

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