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IMC Imc Exploration Group Plc

1.55
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Imc Exploration Group Plc LSE:IMC London Ordinary Share IE00B6WC2H62 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.55 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.40 1.70 1.55 1.55 1.55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.55 GBX

Imc Exploration (IMC) Latest News

Imc Exploration (IMC) Discussions and Chat

Imc Exploration Forums and Chat

Date Time Title Posts
19/3/202415:52IMC EXPLORATION164

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Posted at 28/11/2023 10:24 by andrbea
quite a good read IMO
Posted at 01/11/2023 15:02 by ein4
A lot of shareholders who have been stuck in this share have gone ,so opportunity to build a good base and move up. I believe there is quite a few things happening along with what is now public. I hope there will be developments in Ireland and no doubt the tailings will be dealt with and will be very profitable and of course Wexford. The gold mine owners have also got plans which could change the company totally. I am staying in and have increased my holding substantially.Good luck.
Posted at 31/10/2023 17:33 by seagreen
Why not read the prospectus.

(I have no position but try a little harder see below)




PREFERENCE SHARES

It is proposed, subject to the Resolutions being passed at the EGM, that the
share capital of the Company be amended by the creation of a new class of
preference share of ?1.00 each in the capital of the Company, to facilitate the
subscription by the Seller for 1,500,000 Preference Shares on a phased basis of
?250,000 per month for the first six months after completion of the Acquisition
for an aggregate subscription amount of ?1,500,000 pursuant to the Subscription
Agreement, which was entered into on 29 September 2023. The purpose of the
proposed Share Subscription is to provide the Company with sufficient working
capital for the next 12 months.
Posted at 30/10/2023 13:22 by seagreen
hxxps://www.nsenergybusiness.com/news/imc-exploration-karaberd-mine-acquisition/

Current estimate appears to be 1,444KG or 50,000ozs of gold
Current estimate appears to be 2,538KG or 90,450ozs of silver

So current maximum revenue
Gold US$100M
Silver US$1.8M

So it is a small mine I presume the licence will be renewed at a cost in 2024

So it depends on the cost of extraction especially as the majority is underground and I have no idea if the underground mine has been built and if there are major capex requirements. but it seems there is a crusher if they aquired additional small mines or expanded the mine maybe?

But there are historical activists against expansion.

Other info I have found re local opposition

hxxps://arnika.org/en/news/mineral-extraction-in-armenia-opportunity-at-the-expense-of-a-sustainable-future-part-two
hxxps://www.business-humanrights.org/en/latest-news/armenia-another-public-hearing-for-karaberd-gold-mine-expansion-meets-opposition-of-local-residents/

United Nations did a study in 2014 so costs will be out of date and gold price but gives some indication of annual production but may be meaningless as costs not estimated (sigh)

hxxps://www.undp.org/sites/g/files/zskgke326/files/migration/am/FINAL-REPORT-KARABERD-ENG.pdf
Posted at 30/10/2023 11:59 by seagreen
Interesting structure feel free to highlight if I have the numbers wrong.

It all comes down to what the value of the asset is worth which I can find no guidance on in the prospectus...........All thoughts welcome?

Looking at the Maths (do not forget the nominal value of the shares is 0.001p not 1p)

We have currently (the price is moving so in circa terms)

326,000,000 shares @ 1p giving a mkt cap of £3.26M

We will have

685,000,000 shares @ ?p

Worst case if you only value the aquisiton at £3.26M the share price will drop to 0.005 or 1/2p

If you value the new aquisition at multiples of £3.26M then the share price will be multiples of 1/2p


Those who got in early are potentially looking good and if you value the new asset at say £10m the share price should still be circa 1p

ANY ONE GOT ANY IDEA OF VALUE OF ASSET?


Looking ahead the deferred shares require the market cap to be £100m (first trance) and
£200M (second tranche)

So whilst the issues will cause a potential dilution the share price would have to be circa 14.5p which would technically imply 13.3p after the issue of the first tranche

Likewise the second issue will cause a potential dilution the share price would have to be circa 27p which would technically imply 24.3p after the issue of the second tranche

So I guess no one investing at this stage would care!!

On the preference shares which are designed to produce funding of £1.5M (not sure how much will be left for working capital but part of the new issues relates to 9.4M shares for professional services)

However, if the Preference share holders desire the £1.5M of preference shares can be converted to 21.1M (0.001p) nominal shares giving an arguably effective value of say 14p.


I can see no lock ins on the prospectus but there may be.

The immediate overhang I expect will be the sale of the professional services 9.4M shares if they have not sold them forward but they may think the mkt cap should be multiples of the current price.

But if it all works and you take the longer picture could be very good if you do not mind the location of the assset

Of course it would help if we knew what the rough value of the asset is.

I have no position I just thought that might help....as I can not find an estimated value of the new asset but will try and fnd one. (Not sure how mind)

Any errors in decimal points please highlight and I will change.
Posted at 12/5/2022 09:48 by csmwssk12hu
More buys than sells today including above bid price
Posted at 05/5/2022 12:09 by csmwssk12hu
They must be filling a large order, virtually every trade showing as a sell but the price is rising , as much as I would love it to ten bag unless there is news I can’t see that happening however if it got to 2p in a short time I would be more than happy
Posted at 04/5/2022 16:09 by king goofus
News must have leaked.




15 April 2021

IMC EXPLORATION GROUP PLC

(“IMC”)

Proposed acquisition of Karaberd Mine

IMC is pleased to announce that it has conditionally agreed to purchase the Karaberd Mine, a gold mine located in Lori Marz, northern Armenia. If the proposed acquisition proceeds, it will take effect via the acquisition by IMC of the entire issued share capital of MVI Ireland s.r.o. (“MVI”) from Mineral Ventures Invest spol. s r.o. (the “Seller”), (the “Acquisition”), a transaction which is classified as a reverse takeover pursuant to the Listing Rules made by the Financial Conduct Authority of the United Kingdom ("FCA") (the "Listing Rules"), and the Irish Takeover Panel Act 1997, Takeover Rules 2013 (the “Takeover Rules”), which means that is it subject to and conditional upon the granting of a waiver of the requirements of Rule 9 of the Takeover Rules by the Irish Takeover Panel and the approval of IMC's shareholders.

MVI holds the entire issued share capital in Assat, LLC (“Assat”). Assat holds the operating licence in respect of the Karaberd Mine, together with an ore-crushing production facility located near the site of the Karaberd Mine.
Posted at 04/5/2022 15:48 by csmwssk12hu
Do you think they are trying to get people to sell as they have sold above .85 but haven’t got it so have drifted price lower to create panic maybe?
Posted at 08/10/2021 12:37 by trad3m3
Drilling Update: West Avoca, Co. WicklowIMC Intersects Zinc, Lead and Copper Mineralisation in First Drillhole at West AvocaThe initial drillhole, 21-3850-01, has encountered four zones of massive and semi-massive sulphide. Over 75m of drill core is being split for assay.Three further drill holes are planned to assess the extent and continuity of Cu, Au, Zn, Pb mineralisation along strike from the historic Avoca mine.Historical mineralised intercepts in the West Avoca area include 10m grading 1.1% Cu and 9m grading 10.3% Zn and 4.8% Pb.IMC plans that the drill programme will allow an independent resource calculation to be undertaken. in addition to that already in place for the spoils' and tailings' project.IMC Exploration Group plc (IMC), the London-listed exploration company based in Ireland, is pleased to announce the completion of its first drillhole in a 1,000m drilling programme at its West Avoca property on PL 3850, Co. Wicklow, Ireland.Drill hole 21-3850-01 has extended the down dip extent of mineralisation and has encountered zinc-lead and copper-gold mineralization as interpreted. A total of four massive and semi-massive sulphide zones were encountered between depths of 159m and 226m representing individual heavily mineralised intervals of 1.85, 5.3, 5.0 and 4.9m respectively. The upper three zones are zinc dominant and the lower zone copper dominant. Over 75m of drill core has been split and sent to ALS Laboratories in Co. Galway for analyses.Drill hole 21-3850-01 represents a down dip step out of 40m from the nearest historical drillhole which assayed 9m grading 10.3% Zn and 4.8% Pb. The (upper) zinc-lead mineralized horizon now has an extrapolated minimum dip extent of 75m (supported by three drillholes) and remains open both up and down dip and along strike to the southwest.Many previous drillholes in this part of West Avoca had not drilled deep enough to test presence of a copper-gold zone underlying the zinc-lead zone. The 4.9m (lower) copper zone intersected in 21-3850-01 confirms the copper potential of the West Avoca area.BackgroundThe Avoca Mine is estimated to have contained 16 million tonnes of 0.6% copper which was exported as a concentrate that contained 'payable grades of gold and silver' (Williams et al., 1986). In addition, in situ zinc and lead mineralisation is present at West Avoca over a minimum strike length of c. 300m. When the Avoca mine ceased operation in 1982 (owing mainly to the low price of copper prevailing at that time) significant amounts of ore were left in place. With the copper price recently at an all-time high, IMC has reassessed historical records along strike to the southwest from the Avoca mine, and interprets there to be a 1.2 km minimum strike length that has either been only partially tested or else has specific targets remaining to be drill tested. At the north-eastern end of the 1.2 km strike length outlined by IMC, historical drilling encountered 13.3m grading 3.7% Zn 1.8% Pb and 5.3m grading 1.9% Cu. At the southwestern end, historical assays include 5.8m grading 0.5% Cu with 0.9m grading 0.5 g/t Au. Widely-spaced drillholes within the 1.2km strike extent have assayed 10m grading 1.1% Cu and 9.0m grading 10.25% Zn and 4.78% Pb. Gold grades of up to 0.4 g/t Au over 4.5m have been recorded and represent a highly positive 'credit' when taken in consideration with the high copper and zinc grades.In the West Avoca area, zinc-lead mineralisation overlies copper-gold mineralisation. Much of the historical drilling has not tested the deeper (c. 200m depth) copper-gold mineralisation. This programme is planned to test the down dip extent of the zinc-lead mineralisation and assess the mostly untested underlying copper-gold mineralisation.IMC has reported JORC-compliant figures of c. 20,000 ozs of gold, 2.6k tonnes of copper and 7.8k tonnes of lead from mine spoils and tailings to the northeast of the planned drilling (8th September 2020).Eamon O'Brien, Chairman, commented:'The first drill hole in the 1,000m drill programme has validated and extended zones of mineralisation encountered in historical exploration which tested part of the unmined zones of mineralisation. It has confirmed the geological interpretation and I look forward to reporting grades in the near future.The substantive historical intercepts and strike length identified, allied with this planned drilling, will allow IMC to move towards a bedrock resource calculation to complement existing JORC-compliant spoils' and tailings' calculations. With copper prices recently reaching an all-time high, climate change initiatives to the fore and copper a vital component to drive the green economy, IMC will be part of this new green future with its copper project in Avoca.' This release has been approved by EurGeol Professor Garth Earls PGeo, FSEG, who is an independent consulting geologist and a Competent Person as described in the JORC 2012 reporting code.Eamon P. O'Brien,Executive Chairman,Dublin, 6th October 2021The Directors of IMC, after due and careful enquiry, accept responsibility for the contents of this announcement.REGULATORY ANNOUNCEMENT ENDS.Contact Details:Keith, Bayley, Rogers & Co. LimitedGraham Atthill-Beck: +44 7506 43 41 07 / Graham.Atthill-Beck@kbrl.co.uk / blackpearladvisers@gmail.com Brinsley Holman: +44 20 7464 4098 / Brinsley.Holman@kbrl.co.ukIMC Exploration Group plcKathryn Byrne: +353 85 233 6033
Imc Exploration share price data is direct from the London Stock Exchange

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