Minco Share Discussion Threads

[jdgeus75] 31/5/2016 18:40

@bluebell. I understand your frustration. I cannot promise anything but dont let the market fool you. The value is there. I am not a big fan of the management but they have a skin in the game. I am not hoping for 0.50P again but if it happens I will be a buyer :)

[djb3] 31/5/2016 15:22

Would have thought we would hear from moate shortly and buchans / dalradian around November. I think market makers dropped it in the morning to get cheap stock.

[bluebell1] 31/5/2016 14:48

Problem with Minco at the moment is its all Jam tomorrow nothing for today. This is going to stay weak for the next 12 months as there doesn't seem to be any news whatsoever now.
The market makers are only offering 0.075p for our shares at the moment and we have no volume at all. Hope we don't get a distressed seller again as this will see sub 0.5p on selling volume.

[jdgeus75] 31/5/2016 12:05

Some people are using the ''news release day'' to sell some stock. Not sure if people are selling because the Q1 is not providing any news or if market makers are slowly lowering the share price a bit.
The Minco market cap is currently GBP 3.63 million.

The market cap of Dalradian is GBP 113 million today.
Considering that the 2% NSR is worth a minimum of 5% of the Dalradian project it should be worth at least GBP 5.65 million.

If you apply a normal NPV calculation (like I did here earlier) you will find out it is worth much more than that.

But it is nice to know that the royalty alone will always support the share price (the market cap), even though it dips a bit now.

[jdgeus75] 31/5/2016 10:10

@Frost1 I agree this is a realistic possibility. I think Dalradian can improve the Net Present Value by approx. 10% by buying back the NSR I think.

[frost1] 31/5/2016 09:09

Its in dalrs interest to get a deal sorted. They will be looking for finance to build the mine. They would be better having 100% of the revenue approaching the banks. This can be done by issuing more shares. I'm sure this is being worked on at the moment.

[bodgit] 31/5/2016 08:13

Tin hat on and these go in the bottom drawer - probably for my grandchildren to enjoy. Good luck all.

[jdgeus75] 31/5/2016 08:04

Working capital as expected at the end of Q1. No surprises. Story remains the same:
1. 2% NSR
2. Buchans deposits
3. Woodstock 800 million project (not economic at current prices) - lets call it an out of the money call option with major upside if manganese prices improve
4. Exploration plays
5. 3.2 million working capital

Market cap: GBP 4 million

[ardtole] 29/5/2016 07:55

Quarter one results out. There is little or no new information, just a rehash of what we already knew.
I think lendmeafiver is correct, for the time being dalradian is the only show in town.

[sm9] 18/5/2016 16:28

Yes i tried a while ago to fill a semi big order it just gets knocked back, you can only get dribs and drabs its been like that for a while, there just arnt the shares out there....

[lendmeafiver] 18/5/2016 15:14

Kind of shows a desperation to get hold of the shares purchasing in loads of tranches over a single day

[jdgeus75] 18/5/2016 14:13

Another
2x 100.000 shares

[jdgeus75] 18/5/2016 13:51

Someone is slowly acquiring some shares in the market.
4x 100.000 shares so far
1x 350.000 shares

[bodgit] 17/5/2016 18:22

Canadian Zinc Q1 results announced today. The extract below has some relevance for Minco though have not looked to see if anything in it is 'new news'. Good luck all.

Extract: "Meanwhile, the RDC financially supported metallurgical testing program on the central Newfoundland properties is continuing and will be followed-up by the development of a process simulation and cost assessment model which will be used to help focus on the key factors that are critical to realizing the economic potential of the base metal deposits in central Newfoundland. This program will continue throughout 2016 and is scheduled to be completed by November 2016." End of extract.

[ardtole] 14/5/2016 07:20

Id have to agree with lendmeafiver, sit tight on dalradian until feasibilty studies are complete. The next six months could be huge for dalradian.

[lendmeafiver] 13/5/2016 23:14

Planning permission and feasibility concluded later this year and it's worth significantly more than the current MIO market cap for sure and the board should always be open to good offers but the longer they leave it the better as plenty of cash in business currently for a couple of years trading. I would hate to see it sold for less than £15m.

[frost1] 13/5/2016 22:48

Mio should hire a specialist finance company to evaluate the Dalr royalty and put it up for sale.

[jdgeus75] 13/5/2016 17:03

Same for me. Other than lowering the share price for some reason i see no other reason why a "normal person" would buy or sell 9 pounds of shares. Transaction costs are probably higher

[lendmeafiver] 13/5/2016 16:25

Never understand why those transactions happen

[jdgeus75] 13/5/2016 14:47

Nice little order of GBP 9.92 to lower the share price
Somebody really loading up here :)

[jdgeus75] 12/5/2016 18:01

Bluebel i loaded up all the way from 45p up to 75p. if this ever goes back to 60p i assure you i will load up so much more that the share price will probably not stay there. Not because im such a big buyer but because there are not so much shares available and when i started bidding big time on the ask previously the market makers moved the price up. There are not many people buying or selling now but that wont take long i guess

[bluebell1] 12/5/2016 17:58

We need an event here to make the so move, a sale of assets or something otherwise this will drift aimlessly for the next year

[lendmeafiver] 12/5/2016 16:47

But it's a market that given rise to some good opportunities also for anyone here sub 1p!

[bluebell1] 12/5/2016 14:21

Yes great value except many Aim companies are trading at a discount to cash or just at the cash value. That would see the market cap of this under 3 million or 0.6p/share
Its a f-upped market.

[lendmeafiver] 12/5/2016 11:57

Great value here, thanks for the Summary jdgeus