Metminco Share Discussion Threads

[grannysnuffs] 14/6/2016 15:09

well bud you used your head and not your heart on this one, all the best bud

[grannysnuffs] 14/6/2016 13:15

well fair play to u two, the pump allowed the exit at a good price :)

[destroyer10] 14/6/2016 13:12

Sold up on Friday and my last 1m yesterday at 4.25pm.

Very pleased I did and got some profit.

I did a model on what I thought they would get for a deal. I actually expected 6 to 10m dollars funding and on that basis thought it did not justify the risk of staying in. The deal is not good, the percentage given away etc and terms are awful. Steering clear and delighted I had some luck.

[cantrememberthis2] 14/6/2016 12:24

I sold on volume yesterday so no massive losses being nursed. Although id be hammered on the 6m...bottom drawer

[digger27] 14/6/2016 11:59

Sorry to hear that cantremeberthis. Nothing seems to be straightforward with this crew.
Hope you managed to get out without too much of a loss. I managed a small profit yesterday on a T trade I had done but it doesn't put much of a dent in my long term holding losses.

[cantrememberthis2] 14/6/2016 11:02

I no longer hold more than 6m in this horrid stock!
Id rather lose 6m now than once 44.6m!
Awful and complex structured deal with 3-4years of timelines!

[falia] 14/6/2016 10:03

TRUST THE TRADES , ALL BUYING

[annonymous2] 14/6/2016 09:59

ooh reinforcements arrive from topinfo pump and dump thread.

Did they all get sucked into his shocking pumping of this yesterday.

[colin12345678] 14/6/2016 09:58

NT TO BUY ANY!!!!!!!!!!!!! But can sell all my holding

[annonymous2] 14/6/2016 09:56

I'd not even waste my time.

I see you as one of the biggest sell signs on a stock when you turn up ramping falia. Last week it was MOS you quickly vanished there when it started dropping.

Everybody knows what you are like. Most probably have you filtered.

[falia] 14/6/2016 09:50

JUST LOOK AT THE TRADES

[annonymous2] 14/6/2016 09:30

Infact everything topinfo ramped yesterday is on the losers board today.

He probably dumped them all yesterday he's never been truthful with his
sales. Probably because it will expose him and lose him most of his followers.

[the real lozan] 14/6/2016 09:24

Is this 'deal' subject to MNC shareholders 'approval'... or is it 'irreversble' { A done deal } ???
Do shareholders still have a say / vote, in whether or not this 'deal' goes ahead ???

[falia] 14/6/2016 09:22

HUGE BUYS GOING THROUGH NOW

[annonymous2] 14/6/2016 09:22

Another success for topinfo and his big mug following on twitter !

Topinfo ‏@TopTradersADVFN Jun 13
~MNC-This is the last opportunity (day) to buy in here before the big news 2moro. #MNC could go ballistic when RNS comes out pn LC 2moro.

Probably not get mentioned again !

[pattersonsmith] 14/6/2016 08:55

who would have sold for 0.28 yesterday now. greed takes over

[pattersonsmith] 14/6/2016 08:54

huge short was opened yesterday at 0.26. placing due to raise funds for gold mine next week imo.

[steve12345678] 14/6/2016 08:27

Aim is just corrupt as hell! Why not just suspend it so that nobody either makes or loses money like in these set of cirucumstances. A set of corrupt you know whats.

[christy41] 14/6/2016 08:05

Borrowed from Snicket on lse board

From HC guy close to company:
A few blinkered sad sacks here?
The price will take care of itself in due course. Equity markets are not rational, prices undershoot and overshoot. But in the end the facts will speak..
In this market this is a great deal, and given the beckoning new directions for MNC in Colombia it’s great timing for the Company.
On Calatos, how many other deals like this have we seen on large undeveloped copper deposits? Altona is one. Others??
It leaves the Company still with 30% after taking the project presumably to decision to mine, or sale whenever to a big industry guy.
Important too is the coming work will include more drilling, to test near surface potential and also test anomalies TD2 and TD3. Successful drilling could add lot of value.
And yes great timing. It will certainly help MNC fund work in Colombia, near term to progress the Miraflores mine FS and especially to drill Tesorito.
Tesorito is major target, 500 x 700m surface anomaly, 3 vg holes to date, all economic grades . Plus big undrilled IP anomaly. Thus Miraflores offers 50koz pa for 10 years while Tesorito might be 200koz pa for 10 years??! Different league altogether. And it will not take much drilling to clarify this potential.
Then MNC will look at joint development of Dosquebradas with neighbouring listed Batero.
And that’s before major multi moz upside at Chuscal, plus rest of tenements.
TSX—V listed Red Eagle Mining (REM) is timely peer comparison for MNC.
REM is capped at C$150m (share price up about 3X since Feb 2016) and now building San Ramon underground gold mine, comparable to Miraflores. A small higher grade mine, reserves only 0.4moz, planned unit costs US$670 per oz including sustaining capex, within the Santa Rosa project, in Colombia, just N of Medellin. Capex US$74m, funding includes US$60m debt. Permitting was straightforward. One other project inside REM.
People are quick to bag Board and management, but is case that they have done a good job.
First, they finally got a good deal on Calatos in a very tough market for copper and equities?
And second, after kissing over 30 frogs they seem to have found a very good new direction, offering near term cash flow, and it’s gold, and which they have the technical and financial capacity to implement.
And bearing in mind that in kissing a box of frogs they looked at deals where resources were misrepresented. So it took good technical nous to sort wheat from chaff. They only had one shot at a new “cash flow” deal. Imagine if they had bought the wrong one.
People now forget they did v good job exploring Calatos, unravelling it geologically. They will now bring these skills to bear in Colombia. Yes there are risks, particularly permitting / local issues, notwithstanding the big improvement at government level. But, as MNC have stressed, Colombia as a country with excellent under-explored economic geology has huge potential, and MNC’s new proje

[keya5000] 14/6/2016 07:58

It was valued at total failure c£8m mcap.

Worse case now is to value what 30% of success looks like.

[solarno lopez] 14/6/2016 07:55

Again GER, unlocking the huge value will happen as the lady behind CD Capital is no slouch she recognises the in built value of Metminco's asset

[solarno lopez] 14/6/2016 07:53

it is an excellent deal bring in a bit of cash give a bit away and then BOOM