Share Name Share Symbol Market Type Share ISIN Share Description
Metminco LSE:MNC London Ordinary Share AU000000MNC7 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -13.64% 2.375p 2.25p 2.50p 2.75p 2.375p 2.75p 413,000 10:09:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -100.5 -137.2 - 3.02

Metminco Share Discussion Threads

Showing 6826 to 6846 of 6850 messages
Chat Pages: 274  273  272  271  270  269  268  267  266  265  264  263  Older
DateSubjectAuthorDiscuss
18/8/2017
12:49
POG moving in the right direction.
the count of monte_cristo
17/8/2017
12:32
If we get a good feasibility, this should be capped at over 10m GBP, based on the fact of the resource and near term development prospect. Time will tell.
the count of monte_cristo
16/8/2017
22:43
Circa 6 weeks till the feasibility is due, I pray it is good.
chesycustard
14/8/2017
09:12
"Fool me once shame on you, fool me twice shame on me"
jungmana
14/8/2017
09:10
So why would I invest my hard earned money in the same folks again?
jungmana
14/8/2017
08:22
Is criminal. The things that happen on aim shows is just a wild west with little protection for investors.
jungmana
14/8/2017
08:21
Nothing mate, they got it for free by the looks of things...
the count of monte_cristo
14/8/2017
08:08
Is not the chairman , is the CEO Howe who needs to go for punters to have any faith in this company ever achieving anything.By the way still nothing about the 51% of LC sold earlier?
jungmana
14/8/2017
07:14
The new Chairman needs to be a guy who has experience at building a mine.
the count of monte_cristo
13/8/2017
14:53
With their past history and conduct here, this guys will never produce an ounce of gold. This project is just to keep the gravy train running. In a year or so all the money raised from the giveaway sale of LC will be spent and then what? More dilution? Which financial institution will ever back this crooks ? If they will why didn't they back them on LC?
jungmana
13/8/2017
11:46
It wouldn't surprise me if MNC was taken over by Q1 of 2018, if it stays at this price it's a sitting duck for a low ball bid, especially by another gold producer with assets focused in Columbia.
the count of monte_cristo
09/8/2017
14:37
From Proactive investors via RFC Ambrian..(01/08/17) ASX:MNC LON:MNC | A¢5.0 | US$5m | Speculative Buy 2Q17 Report —Miraflores Feasibility Study On Track for Completion in 3Q17 Metminco’s June quarterly report provided an update on progress towards the completion of the feasibility study at its 100%-owned Miraflores Gold Project in Colombia. The study was reported to be 70% complete. The current project milestones include: • 3Q17 — Completion of Miraflores feasibility study • October 2017 — Completion of baseline monitoring for the Environmental Licence (EIA) • End-2017 — Submission of EIA application The company also reported that the final mining report had been received and that life-of-mine operating costs were 19% lower than in previous studies, mainly due to changes to development and backfilling requirements. Also, the final metallurgical report has been received, confirming previous work and reporting recoveries of 93%. COMMENT: We believe that the completed feasibility study has the potential to firm up the value proposition at Miraflores. We continue to recommend Metminco as a Speculative Buy. Miraflores is 100%-owned, subject to A$13m of deferred acquisition payments — Metminco acquired Miraflores from RMB in May 2016 for 8m shares and A$0.5m in cash. Further deferred cash payments totalling A$7m were due over four years (with A$1m paid in June 2017 and A$1m due in 2018, A$3m in 2019 and A$2m in 2020). A royalty of up to A$7m is also payable from project cashflow. Miraflores scoping study of September 2016 delivered an NPV8 of US$73m and an IRR of 26% at a gold price of US$1,300/oz — In September 2016 SRK completed an updated scoping study for an underground-only mining operation, with a mining schedule containing 451,000oz at a grade of 3.5 g/t. The operation was planned with steady-state production of 50,000oz pa and a nine-year mine life for total recovered gold production of 414,000oz. Underground mining using longhole stoping with backfill was planned in conjunction with a gravity concentration, flotation and cyanidation processing route. Initial capex was US$81m, while cash costs and AISC were US$555/oz and US$648/oz, respectively. At a gold price of US$1,300/oz, the NPV8 was US$73m and the IRR was 26%. Feasibility study to be completed during 3Q17 — The company commenced a feasibility study work programme in November 2016, which is now 70% complete. Positively, the company has received the final mining study from Ausenco, which estimates that life-of-mine mining costs will be 19% lower than those in previous studies owing to the use of less backfill and less development. Permitting and associated approvals key to timeline — The company plans to submit the EIA for approval by the regional environmental authority by the end of this year. The process includes: approval of the feasibility study and the Terms of Reference; and the submission of the completed environmental baseline studies, the approved development plan and the Social and Environmental Management Plan (particularly focused on the relocation of up to 70 homes and the issue of illegal miners). It also incorporates the process of consultation and assessment of the impact of the project that forms the project’s Social Licence. The project’s design includes underground mining and dry stacked tailings, limiting the surface footprint of the project, a factor that is hoped will speed the EIA approval process. Net cash at end of June of was A$6.4m — During the quarter the company received US$5m proceeds from the sale of its 49% stake in the Los Calatos Copper Project in Peru.
christy41
02/8/2017
16:28
A detailed quarterly report.
the count of monte_cristo
30/7/2017
13:14
POG moving up.
the count of monte_cristo
25/7/2017
16:15
Was a steal and the deal stinks. Whatever they do they will never get a valuable project like LC.
jungmana
25/7/2017
15:41
Copper price doing well, what a bargain CD Capital got for LC (:
the count of monte_cristo
19/7/2017
20:04
Jungmana, Lanstead & Redfield must surely believe so. They have a man on the board to look after their interests.I would of thought its in everyones best interests if its built...the economics over the mine life look absolutely compelling, let alone the extra unexplored areas.As you say,time will tell & we should know in the next six months or so.We all may look back then & think why didn't I buy more at 2.5p.
christy41
19/7/2017
16:13
Do they intend to actually build a gold mine or just to keep the gravy train running? Only time will tell.
jungmana
19/7/2017
15:31
tomboyb...Unfortunately it usually drops on very small volume,although today someone has offloaded 423k so far..which is quite a big day for MNC and we've had chat on the board,normally we can usually go weeks before someone sticks their head above the parapet.
christy41
19/7/2017
14:51
Looks enormously cheap - Quite a bit of money to come through and recent placing in addition was at 7p - If they can get the gold mine up and producing 50k ounces per annum then clearly this looks very very cheap - someone is selling though -
tomboyb
19/7/2017
10:47
Fundamentally the gold project looks great....unfortunately sentiment & trust has gone from the bulk of long term holders hence the continued drop in price. No interest from any new p.i investor base to offset the continued fall because the company doesn't appear to do any marketing or presentations to push Quinchia.All we can do is await feasibility and then see how they go about fund raise with new institutions to build the mine.If they manage to pull that off then we'll see rapid change.Until then its a waiting game I think.
christy41
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