Monterrico Metals Share Discussion Threads

[davros006] 11/12/2008 10:00

No chesty, sold out around the £2 mark on the last spike, when we last shared the thread... :o)
But she's lookin tasty again.

[davros006] 11/12/2008 09:56

Mornin chaps.
How you doin chesty, long time no see?

Itchy trigger finger this mornin....

[chesty1] 11/12/2008 09:55

That spread will put off anyone buying BUT I was thinking the same yesterday & the day before & I have missed out on being in profit today.

Happy to be holding again here.

be lucky Matt & lets hope were both right.

[matt123d] 11/12/2008 09:49

Was involved earlier in the year too, unfortunately not from as low as £1.14

Have taken a position here also hoping that the selling has now finished and the large volume has cleared up any loose stock.

If it is the case then I can see this moving up to around 60p quite quickly.

[chesty1] 11/12/2008 09:37

Cheers matt

I noticed it move straight away....I noticed the 50,000 trade go thru the other day & then it moved up directly afterwards & I have been watching this one since the start of the month...Should have got in before now BUT I wanted to make sure it was on the move 1st...

I was in this one form the move from £1.14p to £2.50p which was so quickly I could not believe me luck....

Feel this one could move strongly up from here, I take it your in.???

Not many holders out there on ADVFN of this one & it is very very tightly held any purchases (or sells) always moves the share price

GAME ON, not game over as the share price is showing.

[matt123d] 11/12/2008 09:33

Chesty,

Looks as though the volume over the past few days has cleared the seller, your purchase caused that mark up.

[chesty1] 11/12/2008 09:26

Morning all

Well call me chuck away charlie I have gone in for some here today...

just a wee dabble to see if this rise can continue.

Be lucky to all & someones having a nibble at these levels & not just me.

(this one always shows as a big spread which puts people off BUT it can move so quick it doesn't matter within days).

WATCH THIS SPACE

[mikey34] 24/11/2008 14:36

Since accepting the bid last yr I have taken my eye off this.Can somebody update as to why so low now please.Have the locals blocked everything or what?TIA.Sorry to be lazy.

[the_doctor] 24/11/2008 09:49

IMO the bottom could be very low indeed.
In the current markets, the Chinese may not either buy up remaining shares, OR progress development of the mine.
Conversely though, they may do both, but the question was, where is the bottom.

Anyone looked at cash flows - ie. when do they have cash to?
My guess is that in the worst case of the Chinese just delaying development, they'd sit on this. If they did that, there would be no point in maintaining a listing - indeed, there probably isnt anyway.
In that case, would they want to buy up remaining shares - or might they not have the cash?
ie. unless they put it into hibernation, it will need more cash at some point.
Buying up shares to delist it might be a cheaper way of achieving that?

[chesty1] 24/11/2008 09:42

hhhhhhhmmmmmm not popped in here for a while.....

Going the opposite way to the markets today not a good sign at all...Other ming stocks bouncing off lows this one just gets lower...

Where's the bottom.

Be lucky to all

[clancrackan] 20/11/2008 13:31

weatherman
He's a toffy nosed old pal, what do you expect, I met him, worst luck.
The Queen's Representative. What a laugh. !

[the_doctor] 20/11/2008 11:35

Well, there are probably big doubts that it will be developed as a mine.

IMO, they should buy up remaining shares, sack everyone and sit on it for a decade?

[aspers] 20/11/2008 10:21

Where the F... is this going....at this rate it will be a penny share!!!

[weatherman] 14/11/2008 12:13

Remember the Mirror share plugging incident - the only one to go to jail was the small private investor. The big boys get away with fines not much greater than their profits.

[cerrito] 14/11/2008 09:04

Today's Telegraph
quote
Richard Ralph, former Governor of the Falkland Islands and a past British ambassador to both Peru and Romania, has been fined £117,691.41 by the City regulator after it was discovered he asked a friend to buy shares in Monterrico Metals.

Mr Ralph became chairman of Monterrico in August 2006, shortly before the £93m mining business was taken over by China's Zijin Consortium. The FSA found that during the takeover talks Mr Ralph asked his friend Filip Boyen to buy about £30,000 of shares in order to conceal his true identity.

At the time, Mr Ralph was closely involved in the takeover talks and was and would have been expected to publicly disclose any dealing in company shares.

As well as buying the shares for Mr Ralph, Mr Boyen also bought shares for himself worth £77,162.05.

After a takeover deal was announced to the market, Mr Boyen sold both men's holdings, generating a collective profit of £42,174.36.

Once the FSA began to investigate suspicious trading prior to the takeover, Mr Ralph voluntarily contacted the FSA and admitted to insider dealing.

Mr Boyen was fined £81,982.95 and sources said both fines would have been as much as a third higher had it not been for the full co-operation and early settlement by the pair.
unquote

[sicilian_kan] 19/10/2008 11:36

If you look at the KAZ sp, I'm surprised that these have not dropped lower.

[aspers] 29/9/2008 21:14

Anyone following these at the moment??.....why the constant slow drip...when should we expect a bounce, I reckoned 150p was a good time to buy as we seemed to be making a quick recovery, looks like my prediction was wrong!

[cerrito] 19/9/2008 20:24

catching up with this week's interims and noting that the detailed feasibility study is being rewritten which indicates that they are going around in circles and we need another year for the Environment and social Impact assessment I cannot foresee getting back in these again for the foreseeable future and think will take this off my radar screen completely.

[cerrito] 28/8/2008 16:51

The tie up with Romero seems a good deal for many people ie it gives MNA something they have missed good local patrons who can give them local commercial expertise gives Romero a good entry price and which those who buy now would be happy to have.
Been out of Peru for some time so would need to check that Romero are still the force they were once..have also been out of MNA for a few months but this will provoke me to get up to speed.
note the market with nil volume today was underwhelmed

[the_doctor] 07/8/2008 09:13

Chesty - just a total guess that from what I remembered a year of so ago, they'd perhaps need more cash around now??
(I've not checked the accounts and dont have time right now..)

[aspers] 06/8/2008 16:18

Something stiring here I wonder???? getting ready to take off again I think???

[chesty1] 01/8/2008 18:48

the doctor I think your probably right there matey..A placing is on the cards BUT why.

Jury is out n I will hold & maybe add soon if I see a bottom. & no not yours.

[the_doctor] 29/7/2008 12:58

Fundraising?

How are they doing for cash, any thoughts?

My view was that they'd probably want to take up remaining shares at some point and delist? Not sure why they should particularly want a broker with access to China (Evo China?)

[chesty1] 11/7/2008 15:40

ok then maybe not just yet....