Share Name Share Symbol Market Type Share ISIN Share Description
Minera LSE:MIRL London Ordinary Share JE00B1HNYF12 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 3.50p 0.00p 0.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 21.6 -19.1 -11.8 - 5.32

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Date Time Title Posts
26/10/201620:19Minera IRL - 20104,790
09/11/201414:17Minera IRL share price analysis2
29/10/201412:10Minera IRL share price analysis-

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Minera Daily Update: Minera is listed in the Mining sector of the London Stock Exchange with ticker MIRL. The last closing price for Minera was 3.50p.
Minera has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 151,902,884 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Minera is £5,316,600.94.
maxoscar1: Dave......seen the gold price they have to re rate the share price on re listing surely.......GLA
maxoscar1: Dave all I can say if courney was alive today none of this would of happend and the share price would be well over 50p......lets just hope diego pulls it off GLA
investment dave: With the combination of a much higher gold price and a great board in place the only thing left now is confide and the share price will be recommencing trading 100's% higher on the tsx
andy: archlight, I think he means the W8-BEN form which is required to avoid paying tax on any US listed shares you may hold, as a non US citizen. I am not aware it's a requirement to trade Canadian stocks, but TD ask for it to be completed too. Sadly the point he did not address is if someone has Minera shares listed on AIM in his account still, what does he have to do to make them tradeable on the TSX? As I understand it, it has to be done by the registrar, Medusa Mining on the ASX was an example of this, when they delisted from AIM. With Medusa, it took an interminable amount of time to complete, dues to issues between the registrar and brokers, and the share price fell whilst people were unable to trade them, so this is something people should address now, before the stock relists on the TSX IMO.
investment dave: Hazl yes and potentially at a higher share price if minera get the confide funding
pottermagic2310: I suspect re-listing on a Canadian Stock Exchange may be the first +ve step forwards and any re-listing can only realistically coincide with completion & filing of the delayed Financials from last year. I envisage that only a re-listing and revelation of actual Financials, maybe brought up-to-date for the past 6 months, will provide PIs (and other Shareholders) with a realistic re-evaluation of the Share Price and insight into current/recent mining Operations and Ollachea Project development progress. I don't hold out any hope of an AIM re-listing this Month... and who knows... maybe that won't happen at all and we'll end up with an equivalent holding quoted in another Market ? I'm expecting nothing more than a re-listing somewhere, an update on Company Finances and maybe some up-to-date insight into a revised Business Plan... hopefully by April... time will tell?
investment dave: Ollachea in any sale now must be worth 25% more than when the share price was suspended. So just hoping for all shareholders that they will recommence trading and deliver full value
boadicea: The current share price bears no realistic relationship to the value of the assets because it no longer represents the capital that has to be put into the exploitation of Ollachea. It assumes that a large proportion of that capital will be raised by heavy dilution whereby the bulk of the existing assets will effectively be transferred to the new subscribers. Hence, given the ratio of capital required to the current capitalisation, the current share price is hardly relevant to potential new equity providers - eg. they could put in £100m at 10p a share and get 87% of the equity, or put in £100m at 2p and get 97% of the equity. That is a difference of x5 for existing holders but only ~10% for placees! The theoretical way around this conundrum to my mind would be to restrict future capital subscription rights entirely to those already holding shares. This would at least force new investors to acquire those rights instead of giving them a free ride on our backs via a discounted placing. The practical deficiency in this approach is the inevitable scale of any such rights issue - 10 or 20 for 1 could be needed. However good the prospect, few holders would be prepared to stump up that amount. The likely result in a market flooded by the sale of unexercised rights would be not so dissimilar to a placing and probably at a higher administrative cost. In this scenario, the current share price represents little more than option money. In the event that by some means CC pulls off the trick of getting the main financing on a minimal dilution basis there would appear to be very considerable upside in the share price but perhaps subject to potentially large volatility introduced by the gearing factor. Given the circumstances, it does not surprise me that it is all taking a long time to negotiate.
johncraven: If the Ukraine situation becomes a war the price of gold will Jo doubt increase helping the MIRL share price
bam bam rubble: Broker targets are meaningless. Wise up to the ways of the City. Fox Davies broker notes on MIRL Jan 2012: share price 71p Target set at 178p (i.e. x2.5 multiple) May 2012: share price 52p Target cut to 130p (i.e. x2.5 multiple) Aug 2012: share price 47p Target cut to 116p (i.e. x2.5 multiple) Sep 2012: share price 45p Target cut to 112p (i.e. x2.5 multiple) May 2013: share price 19p Target cut to 48 p (i.e. x2.5 multiple) Aug 2013: share price 14p Target cut to 36 p (i.e. x2.5 multiple) Not genuine valuations, just churned out as a set multiple of the share price and used like a carrot-on-a-stick, always ahead of the share price. If MIRL was trading at 4p, applying their current chosen multiple of x2.5 they'd suggest a target of 10p.
Minera share price data is direct from the London Stock Exchange
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