Metminco Share Discussion Threads

[jungmana] 10/6/2016 09:10

Jackbal - followed a few companies listed in Australia and on Aim.Aussies are always quick to suspend pending important news whilst Aim keeps trading

[jackbal] 10/6/2016 09:09

Hats off to you for running such a large position and not losing your cool and selling too soon like I did last week. nice one

[apfindley] 10/6/2016 09:07

GWMO gold drilling news next week. Reliably informed.

[cantrememberthis2] 10/6/2016 09:07

ps- i havent been sleeping sitting on 45m shares.... this way, although still massive, 38m (approx - lost count)... its slightly easier!

[cantrememberthis2] 10/6/2016 09:06

Who knows... I have mortgage to pay, out of work at mo too! So my core holding which is massive anyway stays for now.

[jackbal] 10/6/2016 09:05

Reckon you will sleep easier CRT. I sold a few more as when looking at price yesterday I was kicking myself for not selling more last week. Yesterday it was starting to look like price was heading south in a hurry and I don't think these prices will hold all day. Do you think trading will be suspended here? CHK makes a very good point about aussies being able to buy here so if something has leaked surely they have to suspend here as well.

[jungmana] 10/6/2016 09:03

Looks like los calatos deal next week. Bring on 1p?

[cantrememberthis2] 10/6/2016 08:48

ive sold some to derisk..., just want to make sure there is enough cash for bad news or good

[cool hand kev] 10/6/2016 08:36

Some things out. Any of our Aussie Friends in the know? They could always buy on the LSE.

[grannysnuffs] 10/6/2016 08:35

cud u know what to do, good luck peeps

[jackbal] 10/6/2016 08:19

the plan will become clear soon regarding progression. Glad I kept some to see how this plays out.

I thought it was moderately positive with usual caveats.

[someuwin] 10/6/2016 08:05

Here we go!

[fenseal3] 10/6/2016 08:00

Look at all the shorts closing, carnage today!!!!

[cool hand kev] 10/6/2016 07:54

RNS doesn't read to +ve to me perhaps it may be a bad day :-(

[jamdan1] 10/6/2016 06:05

Trading halt in Aus . Jv news coming?. Could be a good day today.

[cantrememberthis2] 09/6/2016 15:27

Looks like sells to me... copper down breaking trend

[cool hand kev] 09/6/2016 15:15

Trades made to look like sells could be rollovers. IMO.
But share price down :-(

[cantrememberthis2] 08/6/2016 14:29

Copper up at $2.07/lb
Gold up at $1260/oz

GLA

[dryboy] 07/6/2016 22:22

Great post. Always good to hear proper information.

[cantrememberthis2] 07/6/2016 20:52

Less than a week to go before the previous owners of the Colombian Gold Deposit (Miraflores) clear the transaction for complete 100% ownership of a series of gold deposits that have already had $29m sunk on exploration!

With the copper market stuck at $2.00/lb the timing of the gold project acquisition looks very lucky. First bit of luck in a long time. Why luck with this gold project when gold could tank lower? With Total Cash Costs of $682/oz subject to a further improvement according to the company down to $625/oz the differential is very competitive against existing producers in the Tier 1 and Tier 2 bracket In My Humble Opinion. This ultimately is the biggest positive for me, holding 44.6m shares, why put money into two separate companies? I would rather invest and stay here with the hedging strategy.

Hedging at its best:

Good times and markets, copper prices improve and thereby Los Calatos economics strengthen.

If gold is the mitigation risk in a weak and uncertain market the company should do well in both circumstances IMHO, hence the hedging via polar and binary commodities might be incredibly valuable!

If they can sell a large stake of this $447m deposit of the red stuff that could be very worthy indeed. We as Metminco investors could retain a small carry percentage for future upside post Bankable Feasibility Study. As for cash the cash is the question, how much A$ for how much percent stake in Metminco? I would support a 65% sell off at US$60m with the 35% retained as a significant holding for future appreciations of this world leading deposit - again IMHO.

Where are we with the "well advanced" discussions with other parties?

Awaiting with conviction here for me!

[apollo4400] 07/6/2016 11:06

Do not worry, I can easily come back, but I do not need to :)

[apollo4400] 07/6/2016 09:52

Granny I am here, just proves how much of an idiot you really are :)

If your research is as good as looking for members and not able to find them do you think anyone takes you seriously? :)

How is your alter ego VMAX on LSE? :)