Minco Share Discussion Threads

[bageo] 18/4/2024 23:03

From 16April
hxxps://canterraminerals.com/news-releases/canterra-minerals-intersects-28-m-of-1.19-g-t-au-67.9-g-t-ag-0.48-cu-5.42-zn-1.33-pb-at-lemarchant-project-newfoundland/

[marthy] 18/4/2024 15:34

I see canterra are reaching 12 cents today. It's looking good for all the folks still here.

[bageo] 06/4/2024 09:57

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

[bodgit] 04/4/2024 14:17

hxxps://www.buchansresources.com/2024/04/03/notice-of-annual-and-special-meeting-of-shareholders-2024/

[anynews] 02/4/2024 22:10

It always amazes me how no insider or relation of an insider didn't buy up shares in this recently given the scale of the deposits here and the tiny Mkt cap ! Up until last week there was no volume traded, that Debenture deal probably put off serious investors.It'll be good to get updates now on the work they have carried out in the last year.

[bageo] 02/4/2024 20:50

Thanks
c$7-8m will be useful to progress work.

Interesting "unlimited" buy-back option on the royalty but with escalating 10% 2 yearly fee to maintain this. Should give time for studies and see what the royalty value is so better than no buy-back option. When signed/uploaded will be well worth a read.

Good to be getting rid of the Debentures - which will be costing us approx 28% for less than a year - $% discount, 14% annual interest, 10% early 1st year repayment fee

[bodgit] 02/4/2024 16:58

Certainly looks like great news. US$15 million is a bit more than petty cash! Gla.

[bodgit] 02/4/2024 16:56

Toronto, Ontario--(Newsfile Corp. - April 2, 2024) - Canadian Manganese Company Inc. (CBOE CA: CDMN) ("CDMN" or the "Company") is pleased to announce that it has agreed to sell a three percent (3%) gross revenue royalty ("GRR") on its Woodstock Manganese Project to Leventis Capital Pte. Ltd. ("Leventis" or the "Royalty Holder"), an arm's length party to the Company, for US$15,000,000 in cash. Completion of the transaction is expected to close on or about April 25, 2024, subject to certain conditions including regulatory approval, approval of the registration of the royalty against the Woodstock Project and the completion of confirmatory due diligence by the Royalty Holder.

The proceeds from the royalty sale will be used to advance the feasibility study work programs currently outlined for the Plymouth deposit on the Woodstock Project, and the full repayment of the convertible debentures currently outstanding (see October 6, 2023 news release).

Matthew Allas, President and CEO commented, "This investment delivers the financial strength to significantly advance the ongoing study and evaluation initiatives at the Plymouth deposit on the Woodstock Project and capitalize on current strategic opportunities. Additionally, the unique structure provides the time and capital structure optionality for management to demonstrate and preserve increased shareholder value."

[lendmeafiver] 02/4/2024 16:01

Thanks for that, great news, share price reacting well.

[anynews] 02/4/2024 15:43

New release:Canadian Manganese Secures Non-Dilutive Royalty Financing on Woodstock Manganese Project

[lendmeafiver] 22/3/2024 17:45

Canadian Manganese perking up a bit

[bodgit] 16/3/2024 13:14

hxxps://www.buchansresources.com/2024/03/15/buchans-reports-year-end-results-income-of-5-6-million-reported/

[lendmeafiver] 19/2/2024 20:37

Sounds excellent, I guess nobody has heard anything yet on the share distribution?

[bageo] 19/2/2024 20:19

hxxps://canterraminerals.com/news-releases/canterra-minerals-provides-corporate-update-for-critical-minerals-projects-in-newfoundland/
14 Feb

update + new presentation (on website and youtube)

some new options being issued, although 5 year options,they are at least 8c vs 6c current price so far better than many issued so often especially by AIM companies.

[ardtole] 31/1/2024 06:36

Haven't seen anything either. Definitely keep an eye on it today.

[lendmeafiver] 30/1/2024 23:09

Canadian Manganese had a pretty positive day today, not found any news flow.

[ardtole] 23/1/2024 19:05

Thanks Bodgit.

[bodgit] 13/1/2024 14:57

No. In the 20 Dec 2023 news release Kearney says “Over the coming months, we intend to distribute most of the consideration received in this transaction to our shareholders, providing shareholders with publicly-traded Canterra common shares and the opportunity to realize on the Canterra team’s exploration successes.”

[ardtole] 13/1/2024 11:39

Will we get a cheque (similar to when the dalradian deal was done) for the sale to Canterra.

[shez1973] 05/1/2024 07:45

Thanks will just wait then. Hopefully one day will see some value 🙏

[lendmeafiver] 04/1/2024 19:59

Think you just sit tight on the CTM.V

I think some people here have been able to trade CDMN.NE my UK based broker account is now showing a value for them now but I’ve not tried to sell recently.

[shez1973] 04/1/2024 19:23

Quick question I have shares in buchans in Hargreaves lansdown account,do I have to do anything or just sit tight. Same with Canadian magnesium obviously cannot trade those ?

[gimmetheloot] 23/12/2023 23:38

Anyone wants to sell their Buchan’s shares please DM me or drop me a message here.

[steve36] 22/12/2023 17:13

Any thoughts on whether the transfer of Canterra shares will consitute a taxable dividend for UK holders?

[bodgit] 21/12/2023 19:57

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.