Monterrico Metals Share Discussion Threads

[davros006] 04/4/2008 12:03

fair summary i think stef.

I wonder will MNA see some action next week, new tax year and new CGT rules to go with it.

[stefield] 04/4/2008 11:32

now less than half price the chinese paid.
im sure they will have more problems to overcome,
the locals will keep protesting, but there is just too much money at stake.

its a HUGE mine, and they can always relocate a few farmers if need be.
im sure thats not politically correct, but thats the way the world works.
5 or 10yrs from now, these shares will be worth a fortune...... unless they take the co. private !

[davros006] 04/4/2008 10:57

All quiet again this morning, a few buys comin through though.

[aspers] 03/4/2008 13:19

Once again this proving to be a pig in a poke!!! Could never trust MNA after the way they treated PI's last year!!!!

[chesty1] 03/4/2008 13:10

Whilst we wait for this one to move I have taken a wee dabble into SOLA at just over £3 that could move nicely soon IMHO.....

Be lucky to all & hope your all making money out there.

[lowso] 03/4/2008 09:35

Indeed, still feel more to go yet, and if some more slush is available then I will dip in again. Well done on the profit, I got a little bit of that action as well.

[davros006] 03/4/2008 09:26

Mornin all.
Agreed lowso, getting above and holding £1.50 would be a nice strong finish for the week. Still a little dry powder just incase it dips though. :o)
Still, sitting on nice profit at the minute, so mustn't grumble.

[lowso] 03/4/2008 08:56

Morning also. I would like to see this abov 1.50 by end of this week, buys v sells yesterday was about 3 to 1 so lets see what happens.

[chesty1] 03/4/2008 08:47

Morning all

Its very quiet on here at the mo & looking very steady.

Be lucky to all & bring on some blue action.

I would like to see this one back around the £2 mark soon...nah sorry I would like to see this one around the £10 mark but we can all live in hope, but looking at this one £2 could be done with ease.

[chesty1] 02/4/2008 17:02

Well another good day here & certainly not looking like a dead cat at all.

Be lucky to all & the recovery is under way.

[ali00] 02/4/2008 16:13

Just picked up 10k more.
I have a good feeling about this one...

[edmondj] 02/4/2008 15:10

Fresh money; never invested in MNA before and I don't short.

I do however prefer to learn from the experience of AEN/GCM.

Have met with Monterrico but not the Chinese. Fabulous project, value wise. However, there are quite a lot of resources projects going on the backburner nowadays due to local opposition, and this is a tight market, so I'd prefer not to get stuffed.

Well worth following, at least.

[chesty1] 02/4/2008 15:05

Edmond what is your position here are you a long who has ben shafted or a shorter.???

[davros006] 02/4/2008 14:44

Not that type of thread Edmond. (i hope)
All views welcomed, as long as they are genuine.
A healthy look at both sides of the coin should increase our gains, and decrease our losses.

[edmondj] 02/4/2008 14:22

At the risk of being seen as 'negative' by the bulls, when I'm simply looking to be objective:

Zijin has had its own share price volatility recently. It's sufficiently large and diversified for the timescale on Rio Blanco not to matter, or indeed if the project doesn't go ahead.

Comparing GCM again, the other Chris Eager founded AIM miner, the company has had government support for years - but the shares have de-rated and remained in the doldrums due to the risk of social strife. Can Rio Blanco break with it's 'history', that is the key issue.

[ihavenoclue] 02/4/2008 14:00

in reply to aspers post .. that he "fears" is the reason for the drop ...

From Minesite article March 26, 2008

"As Chairman Mao said, "the longest journey starts with a single step". Zijin is a long way down the track now and its future progress will be accelerated as the geo-political axis swings ever further to the East. Blips in the share price will not affect this scenario."

Doesn't look like they are too bothered by the share price as it will get back to where it should be. So what is there to "fear" ??

[lowso] 02/4/2008 13:35

2 10,000 buys at 1.47 & 1.49 went through caused the tick up, more of the same please

[lowso] 02/4/2008 13:24

and then twang as the elastic snaps

[chesty1] 02/4/2008 13:23

Walk it up baby.

[chesty1] 02/4/2008 13:15

INTRADAY HIGH COMIN

Game on, someone wants your shares its a case of now when your gonna let em go.

[davros006] 02/4/2008 12:25

Edmond- Agrred re-post 2499.
Finance shouldnt be an issue, and we know china has a massive thirst for commodities, a downturn probably suits them down to the ground, as they can buy more for less.

The locals are against it, but the gov there is very pro mining. Big money brought in from miners in Peru.
Still, i am aware of the ill feeling amongst the indigineous people toward mining, but revising the DFS is "supposed" to make things a little easier for the mine to go ahead.
More investment monies for the surrounding area, and less impact on the eco-system peruvians rightly want to protect.
We're still some time off production so plenty of time to find a "meeting of minds".
delays yes, but i still think the mine will go ahead.

I saw a quote on Tv last night that china expects to put 7000 new cars a day onto its roads until 2030. They need the raw materials from somewhere, never mind the new infastructure needed to cope.

[chesty1] 02/4/2008 11:37

EdmondJ

you say all to play for or lose but that is the way with the majority of the stock market of late...!

There's no such thing as a long term dead cert anymore like there used to be IMHO.

BUT this is one I am more than happy to play with & add along the way.

Be lucky to all

[edmondj] 02/4/2008 11:23

the doc,

I don't regard your first two as negatives; the Chinese are well-organised/capitalised to make it happen, and desperately need copper.

davros,

The key issue (to me) is whether the locals continue to create objections such that the operator eventually decides it has made a mistake, buying control here, and prioritises its other projects.

All to play for, or lose.