Minco Share Discussion Threads

[djb3] 19/10/2016 09:17

Up early today wonder if any news today?

[lendmeafiver] 18/10/2016 21:11

Good to see gold on another run north, should coincide with the feasibility report, any day now I expect.

[lendmeafiver] 17/10/2016 10:39

That's right, should see something of interest from Dalradian within 10 working days.

[ardtole] 17/10/2016 09:51

Am i correct in thinking the feasability report from dalradian is due in next two weeks and possibly details of the agm to be made public soon?

[lendmeafiver] 10/10/2016 15:19

Today's trade at 14:59:14 is another odd one

[marthy] 05/10/2016 11:07

Don't expect much for a few days with next Mon a bank holiday in Canada.(Thanksgiving) The time between then and the AGM announcement is getting shorter and shorter. We can expect a lot of news over a couple of weeks. Kearney and Anderson could to be haggling right now, I wouldn't like to be playing poker with those two. An Irish cousin tells me Foster and Allen (famous singing duo) live near the drilling site in Moate. The Moate Miner would be a good title for their next CD. Tick Tock, Tick Tock.

[lendmeafiver] 03/10/2016 23:12

Zincs rise is continuing again, Dalradian about to kick off on the gold side of things, right place right time

[bodgit] 29/9/2016 19:00

jdgeus75, many thanks for that link and apologies for my being a bit short of time (a.k.a. lazy) to go find it myself. The wiki page (assuming it is correct)answers all my questions and concerns. In short, when DALR finally go into production, the Minco 2% NSR is more valuable than I had originally thought. Thanks again and good luck all.

[lendmeafiver] 29/9/2016 18:25

Wonder if their 6p target price is still where they stand!

[lendmeafiver] 29/9/2016 17:55

Good to see, The below is the most recent full report I've seen from Beaufort, dated 2012! Has anyone seen anything more recent? Interesting to know their NSR valuation:

hxxps://www.beaufortsecurities.com/img/shp/Minco--3-_S.pdf

[djb3] 29/9/2016 14:25

There's a Speculative Buy article by Beaufort Securities on 08/09/16.

[lendmeafiver] 29/9/2016 10:22

Just tried a couple of dummy trades of 200,000 shares, can sell automatically, can't buy without placing a limit order, as a result I would just ignore the share price for now it's just a reflection of people buying and selling small volumes, it's not about value in MIOs assets in any way.

[lendmeafiver] 29/9/2016 10:00

A couple of small buys and the ask is back up to 1.35p.

Interesting zinc comments from Kearney, I think the MIO drivers being gold in the short term and zinc in the medium is a good place to be.

I believe there isn't an exact industry definition of NSR but essentially it is net of transport and refining costs understandably.

I just think the Dalradian comments about the fact there will be an announcement about what they will be doing with their spare cash might be a clue, maybe I'm being overly optimistic, its what I would be doing if I was them, take the NSR off the table whilst MIOs share price is languishing at 1.35p, £6m market cap, how could the board turn down a half decent offer! Wait too long and the price will only rise.

[bodgit] 29/9/2016 09:18

I confess my lack of knowledge on NSR. Can anyone help me please with the following questions:

1) Is there an industry standard definition of how an NSR is calculated?

2) If there is, where can I read up on what an NSR contains, particularly the treatment of capital costs/amortisation?

3) If there is no industry standard definition, has the Minco 2% NSR on Dalradian production been defined anywhere for public consumption?

TIA and good luck all.

[ardtole] 29/9/2016 08:23

You could be right jdgeus, when dalradian announced an increase of "54% more gold than predicted" on 14 sept, there was no positive reaction to minco share price

Yet when Minco announce they are going to drill six holes in county westmeath the share price rises by 15%. Strange.

[bodgit] 29/9/2016 07:55

An RNS for Anglesey Mining has the extract below which has relevance for us.

"At the shareholder’s annual meeting held today, the Chairman, John Kearney, made a presentation outlining the company’s plans for the coming year and his expectation that the price of zinc will move significantly higher in the near future, due to reduced production worldwide from mine closures and forecasts of increases in demand, and that these higher zinc prices would continue for a number of years."

[jdgeus75] 29/9/2016 07:26

I personally think that Dalradian's feasibility study will not have a direct impact on the Minco share price (good or bad). I may be wrong. I think it will only get reflected in the share price when we get closer to production (cash flow) or sell the NSR to another company.

[lendmeafiver] 28/9/2016 19:02

I do agree, it is rediculous to be at £6m market cap at this stage.

Even more irritating when you look at Dalradians market cap rising and in the hundreds of million compared to mio's poultry valuation. Given mio's link to that project we should have seen some uplift already to reflect that likely gain.

I find myself getting over the irritation by accumulating more stock, I see very little downside here and yet has a number of clear reasons why you could get up one morning and see an RNS that could result in the share price doubling immediately.

It's all about timing with this sort of stock but I sense we are not far away from NSR related news esp with Dalradian sitting on spare cash.

[ardtole] 28/9/2016 18:31

I can understand sm9's frustration, we have had a few false dawns over the last 18-24 months and I am in a similar situation myself.

The feasibility study from Dalradian is due, possibly as early as the next 2/3 weeks. The first drill results from Moate probably due within two months. Some news regarding xtierra's future likely before the agm and news on the buchans/lundberg project due soon as well.
Obviously dalradian is the big news but a decent rns from pennines i think approx 3 years ago had the share price spike at 5.5p, funny share this one.

[ardtole] 28/9/2016 18:30

I can understand sm9's frustration, we have had a few false dawns over the last 18-24 months and I am in a similar situation myself.

The feasibility study from Dalradian is due, possibly as early as the next 2/3 weeks. The first drill results from Moate probably due within two months. Some news regarding xtierra's future likely before the agm and news on the buchans/lundberg project due soon as well.
Obviously dalradian is the big news but a decent rns from pennines i think approx 3 years ago had the share price spike at 5.5p, funny share this one.

[lendmeafiver] 28/9/2016 17:37

£6m market cap, Dalradian about to kick off, worth x2 the market cap on its own, zinc price steadily rising, anything at moate would be a super bonus.

[lendmeafiver] 28/9/2016 16:28

And the 350,000

[lendmeafiver] 28/9/2016 16:14

It's even classified as a sell on the trades page, it's not, it's one of mine

[lendmeafiver] 28/9/2016 16:12

Thanks to whoever sold out today for giving me the opportunity to buy back 325,000 of that I sold a couple of weeks ago at a bargain price of 1.27, appreciated.