Metminco Share Discussion Threads

[tomboyb] 16/10/2017 18:27

Big buy of almost 600k at 6p and a sell of 388k were ther big trades today -

Two way trading whilst we wait -

ASX should be interesting too -

[ryan83] 16/10/2017 14:18

Also fun watching copper spike. The copper project at some point will be a goer and in for free

[tomboyb] 16/10/2017 14:15

I think that is 0.5% of the company -

[the count of monte_cristo] 16/10/2017 14:06

600k buy, that's 0.05% of the company, somebody stake building?

[the count of monte_cristo] 16/10/2017 14:03

I bought £10,000 worth at just over 6p earlier this year, thinking the stock to be very cheap then, it went much cheaper and I should have waited! However, I do think I will make a good profit on that investment, even at 10p, its only a £12m GBP market cap.

KRS is valued at almost 9m GBP, and all they have, apart from a project in Togo being held up by either corrupt or inept Government officials, is an investment in CAI which is years behind MNC in the evolutionary stage of making a find into a mine. GGP are capped close to £25m on speculation of what they 'may' find. They are either over priced or MNC is woefully undervalued:)

Purchasing a near term producer, to add resources as well as increase production volumes, would make complete sense for a Red Eagle type company, consolidate the region. Once the FS is out this will be much more likely. I think the stale bulls on the ASX are starting to realise just how badly the stock has been run down.

[jungmana] 16/10/2017 13:26

Yes on NEX a near 600k buy at 5p.

[tomboyb] 16/10/2017 13:09

599k buy at 5p?

[tomboyb] 16/10/2017 13:07

It is -

Looking at the presentation the "Mid Cauca Porphyry Belt" has massive gold deposits -

Miraflores, Dosquebradas and Tesorito could prove a big resource -

That excludes the additional targets -

The Quinchia Portfolio is actually right in the centre of the whole thing -

I wonder if Red Eagle will be keeping an eye out here -

[the count of monte_cristo] 16/10/2017 12:47

That's a solid buy.

[tomboyb] 16/10/2017 10:48

407k buy at 4.9p -

decent buy but still well below where we were a few months back -

[the count of monte_cristo] 16/10/2017 10:17

Shhh nothing to see here:)

[jungmana] 16/10/2017 10:03

Well let's get back to 7p first before FS news ( which was the price our biggest shareholders paid just a few months back)

[tomboyb] 16/10/2017 09:05

We know that the share price has been smashed to bits but there is upside here and could be very significant pending DFS -

The Quinchia Gold Portfolio could very big indeed -

We don't know at this stage but there is Significant Gold in surrounding areas -

[drmaccers] 16/10/2017 08:56

On 13th sept the expected DFS in sept so can't have slipped that much. Imminent you feel

[drmaccers] 16/10/2017 08:56

On 13th sept they expected

[tomboyb] 16/10/2017 08:37

Looks like this wants over 5p+ -

Lots of gold around where they are so it'll be interesting once DFS is out whether they can partner or Lanstead will stay Financier -

[jungmana] 16/10/2017 08:30

Some trades go through the NEX exchange :-)

[jungmana] 16/10/2017 08:19

Our biggest shareholder Lanstead and Redfield paid 7p for their shares. Am sure they will also take 20p now.

[jungmana] 16/10/2017 08:17

Personally I won't complain if someone offers 20p today. But for others who have been holding for years and have very high averages am sure they would want more.

[tomboyb] 16/10/2017 08:14

Gold production on that scale 50k ounces per annum would be very short scale in comparison to others valued a lot more highly -

Depending of FS and looking at the region there is a lot of gold out there -

Which is why someone could take out the company -

[jungmana] 16/10/2017 08:02

Right now any offer for the gold below 15p (£20m) would be a steal.

[the count of monte_cristo] 16/10/2017 07:59

Thats the worry, could go the way of BGL (Bullabulling Gold).

[tomboyb] 16/10/2017 07:58

Morning -

Just the beginning if the FS are good -

ASX up 20% -

Looking at the gold projects nearby someone could take this out at this share price dep on FS -

[the count of monte_cristo] 16/10/2017 07:31

Interesting week ahead for MNC, rerate long over due.