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Real-Time news about Monterrico (London Stock Exchange): 0 recent articles
|ihavenoclue: 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" ??|
|chris1981: Monterrico Metals PLC
25 March 2008
Monterrico Metals PLC
('Monterrico' or the 'Company')
Statement Re Share Price Movement
Monterrico, the AIM listed resources company, has noted the recent fall in its
The Company released a Project Update on 12 March and confirms that it is not
aware of any undisclosed commercial reason for this share price movement.
Monterrico Metals plc Tel: + 44 20 7776 2900
Richard Ralph (Non-Executive Chairman)
Susan Connolly (Investor Relations Manager)
Ambrian Partners Limited Tel: + 44 20 7634 4711
|novicedave: Enamel- I have no position in MNA, as I said in my post I'm a passing observer. Anybody can calculate, from the information in the DFS, a NPV which is just as accurate and meaningful as anything which MNA could bring out. I could do so myself if I was prepared to take the time, and I am sure there are others on this board who understand the necessary variables and techniques well enough to do so.
"If shareholders are left to their own devices to calculate the NPV there will be a million different answers. So much for a level playing field."
This is how markets work- everybody puts their own valuations on stocks, and the weighted mean of those valuations is the share price (roughly speaking). You do not see FTSE100 companies saying "at a PE of 15 a fair price for our stock is £3", do you? NPVs are just as subjective as PE calculations, if not more so because of the future market price forecasting necessary. This IS a perfectly level playing field- all the players have the same information (from which to calculate a valuation), what they do with it is up to them.
My point is that there is no "real value of MNA", as rr puts it; value is entirely subjective- the stock is only worth what somebody is prepared to pay for it, whatever figures an 'analyst' comes out with. At the moment it would appear that that is 350p per share.
sicilian_kan - 8 Apr'07 - 10:03 - 1871 of 1874
You state "virtually every analyst has explained that this price cannot be explained from the data at hand". May I ask why you think the price is so low then? I would suggest that the analysts which publish their figures have vested interests in pushing the price higher (i.e: a holding or connection with those who have a holding) so they use lower discount rates and higher future product prices to encourage others to buy. On the other hand, the analysts who are employed by the major miners and institutions evidently do not feel that this is too low a price, because if they did the price would be higher as they would be buying the stock.
ps: if people would prefer I didn't post on the board then tell me and I will simply leave; I'm not interested in buying MNA on the information to hand so have only posted this time to explain my points.
pps: PP, if you are around, are you a holder now?|
|enamel: As long term holder I disregard short term fluctuations in Price.
I have a good idea of what Rio Blanco is worth both in terms of existing assets and potential revenue/profits. I am therefore prepared to be patient and wait until the share price relects underlying value. The last thing I want is to be taken out at a price that does not reflect underlying value.
MNA is in play and the share price will reflect this. If the Xiamen bid fails the share price might drop below the 350p offer, but I expect the price to then recover above 350p, especially if the present management whom appear to lack confidence in the company is cleared out. IMO the share price would not have been so low prior to the bid if target dates for the project had been met instead of the constant delays.
I appreciate that short term holders will want to make a quick turn.
The above is my opinion, not advice|
|tony979: Having kept one eye on this recently, since Mr Evershed recommended them over the New Year, it strikes me that the share price is back where it was when the share price got excited the first time around, when the bid interest was announced. Since then people have got bored waiting and the share price slipped, only for it to return to the level when we are reminded that this company is still around.
The share price needs to break this previous level for this to be a significant breakout, but with the bid amount said to be much lower than the current share price, there seems to be no reason for further rise until another bidder steps into the scene.
Anyhow, worth a punt, but the walrus may well be able to get back in at 260p if we hear nothing for a while.
As someone said earlier, this is reminiscent of OXB|
|stu31: Evidence (if it were needed - which it isn't) to take everything you read on a free bb with a pinch of salt..btw Arf, you still think share price action tells you nothing..lol
go_baby_go - 24 Oct'06 - 10:05 - 303 of 745
You only have to look at the volume/trades to see whats going on.
Level2 - 3 v 1 with WINS on the offer 293p and the rest at 305p
Don't give them your stock this will fly, news is coming. It will be £10
stu31 - 25 Oct'06 - 19:58 - 321 of 745
Lets face it, talk of £10 is well wide of the mark at this stage. Nobody is going to bid £10 when the shares were below £2 and falling. IMO one of the interested 'predators' has put in an opportunistic 'informal' offer of around £3 to try and get this cheap before the bfs and other reports come out..this will of course be rejected and in a week or two MNA will announce that bid talks have been called off..the shares will fall back a bit..no other bidders will enter the fray as no formal bid will emerge..when the bfs comes out later a formal bid will emerge and a bidding war could ensue..this is when £5-10 should be on. Just my take, I have no inside knowledge but I reckon this is FAR more likely than what has been written here. ANY prospect of a substantial bid at this stage would not lead to the current share price action..besides who would make a serious bid before the bfs comes out.
aspers - 25 Oct'06 - 20:34 - 325 of 745
Sold 75% of my other holdings and put in this today.....a little bird tells me....( ok a company employee) that this will fly within the next 28 days........the sky is the limit!!!
stu31 - 25 Oct'06 - 21:30 - 331 of 745
Seems more opportunistic to me given the weak share price at the time. share price action tells us we won't be seeing a bid for £10 imminently..as suggested by some on this board..
Arf Dysg - 25 Oct'06 - 22:44 - 332 of 745
stu31 "nobody is going to bid £10 when the shares were below £2 and falling."
I disagree. The value of any bid has nothing at all to do with the current share price. A bid will be based on someone's (fairly rigourous) calculation of the finances of the mine, i.e. the same information as is in the BFS.
stu31 - 26 Oct'06 - 01:48 - 334 of 745
Arf..the point is..if the rigourous calculations say £10..the shares won't be falling through £2..
The proof of the pudding is in the eating..any examples where a bid is tabled for a mining company at 5 x SP?
These could be worth £10 under certain circumstances..but not now.
From my calculations a few months ago and looking at similar takeovers:
Rio Blanco (Feb06) 1700mt @ 0.69% Cu(equivalent) = 11.73mt cont. cu (25.8bn lb) MC£67m@300p
11.73mt x £2750 x 0.5% (Adastra) = £161.3m
11.73mt x £2750 x 0.27% (Tethyan) = £87.1m
The figures above relate to the initial takeover offers for Adastra and Tethyan as a proportion of their resource size.
So MNA could have a value between £87.1m/400p and £161.3m/750p depending on what is in the BFS.
aspers - 1 Nov'06 - 19:28 - 365 of 745
Trust me......take over news very soon....happy happy days ahead!!!!!!
stu31 - 1 Nov'06 - 20:12 - 367 of 745
Yeah take over at 290p..lol!|
|papalpower: The future looks bright Hendenne I think.
From the chart you can see it peaked too early, as Richard Ralph said "like a premature ejeculation".
However, there are some key events in the coming 6 months that will redefine the company, and the share price
First up is the technical side completion of the BFS, due in October. New CEO, due October. Final permit approval, anytime from Dec 06 to Feb 07, and the BFS complete by end March 07.
Now, those are events which mean that the MNA share price should be much higher., not just much, but with permit AND BFS, then very much higher than where it is today.
The previous up was mostly on speculation of a takeover, however, I cannot see anyone interested until permitting is approved, then perhaps they might be.
With the new President very much pro-mining, and stating in the election campagin that the MNA project must go ahead, I think its as sure as sure can be at present that MNA will get their permitting.
So all in all, a very exciting 6 months ahead, after a very boring 12 months previous.|
|cerrito: a funny old world..this last year the share price was 432 and copper was 3774 ie it has doubled in the last year while MNA share price has more than halved
MNA now has a proper management structure
more pertinent last year during the fiestas patrias there was a good deal of unrest from the locals
checked in with the Piura press over the last couple of days and no news of the problems with protesters they had with last year's fiestaspatrias.|
|biswell: Humala will stage a coup if he should lose
He has form in this regard
Many countries are going down the nationalization of assets route
Equador , Venezuela , Bolivia , and now Peru , with Columbia another neighbor of all these adjoining countries. There is an agenda here that is taking shape within South America , and it is anti the USA and Western Capitalista.
MNA share price has slumped as the price of copper has rocketed. The company is loss making. Another slump in the markets in june , and a dip in commodities like copper will see new lows being tested.
A return to $3 a pound will hurt MNA.
Chartwise this looks very doable
|enamel: ALL companies have unforeseen risks, nothing can be guaranteed. Very large companies with popular products can hit hard times and go bust. If ALL risk could be completely discounted it would be pointless to invest in equities since the yield would be less than gilts (bonds).
However, companies that have found commercial reserves of minerials and petroleum are usually highly prized in times of high demand even in politically unstable areas of the world. i.e Burren Oil has done well in 2005 and its prize asset is in the Congo.
In my opinion, the MNA share price is low because until the decision to proceed with a mine is taken and the financing is known, the company will not be on the radar of investors. The exploration, assesment, financing and development of a mine is a long term process and patience is required. The patience of some investors has been stretched by MNA misforecasting the timescale. This is frustrating, but nothing else.
It is far more important to make correct decisions now when planning the mine then it is to rush in with inadequate solutions. A few months delay now should pay high dividends in the future.
Remember, MNA has found one of the largest deposits of copper in the world. The project to develop and operate the mine will be huge.|
Monterrico Metals share price data is direct from the London Stock Exchange