Metminco Share Discussion Threads

[the count of monte_cristo] 17/10/2017 16:21

Yeah, imagine if GGP just released an RNS saying they found 2.8m oz of gold, the stock would go to the moon:)

[tomboyb] 17/10/2017 16:11

Not noticed yet but news just around the corner -

Our market cap looks ridiculous but there you -

[tomboyb] 17/10/2017 15:24

The caveat there is that you have to have some element of stock picking as well -

Gold is the vogue and MNC looks really cheap -

GGP guns blazing -

[jungmana] 17/10/2017 15:23

Or could have bought NWIG. Whatever his or her decision, is barmy to buy and sell a day later at a significant loss.

[christy41] 17/10/2017 15:12

In fairness he/she may of sold here and bought GGP and be up over all....traders trade,it is the stock market after all.

[tomboyb] 17/10/2017 14:58

"The stock market is a device for transferring money from the impatient to the patient"

A huge element of truth there -

[jungmana] 17/10/2017 14:43

So the 600k buyer yesterday sold today? No wonder some punters quickly get wiped out on aim.

[tomboyb] 17/10/2017 14:19

I bought a chunk of GGP at 0.80p average -

1.66p now so going well -

MNC MMs offering 150k max online so not a tremendous amount of stock available even after the large sell -

[the count of monte_cristo] 17/10/2017 14:10

Always going to be a seller out there, take GGP for example, Paul Johnson sold a load of his shares at something like 0.6p the other week which spooked the market a little and prompted a bit of a sell off, the share price is now hitting the 1.6p level.

[novicetrade68] 17/10/2017 14:01

Yes, true, it wouldn't be out of the ordinary for a MM to offer a quarter-penny below the bid ie 3.75p given the size of the deal.

[tomboyb] 17/10/2017 13:57

That was the worked sell during the day -

Hence down 5% -

Mind you MMs gave a pretty good price considering others were selling -

Just around the corner for DFS -

[novicetrade68] 17/10/2017 13:56

Nearly a £6k loss in 24hrs and never gave it a chance to actually perform as an investment.

[novicetrade68] 17/10/2017 13:54

Incredible to see the 600k buyer from yesterday just dumped their shares for 4.11p ;/

[the count of monte_cristo] 17/10/2017 11:24

KEFI is capped at close to £15m, whilst MNC is capped at just over £5m GBP

A bit of consolidation with the share price is healthy.

[tomboyb] 17/10/2017 11:09

Some weaker holders selling out a few -

(599k buy at 5p) may look to buy more at these prices -

[jungmana] 17/10/2017 11:08

But are they the same market cap? Are they holding the same projects?

[deadcert] 17/10/2017 10:29

tomboyd
Coincidently, Kefi and MNC are virtually the same share price at the moment it will be interesting to see where they are in say two years.

[tomboyb] 17/10/2017 10:13

In addition looking at the gold companies surrounding miraflores and its portfolio MNC is capitalised at virtually fractions -

so on reciept of dfs there could be significant upside -

Lanstead and Redfield who have been upping their stake may have something to say on strategy -

[the count of monte_cristo] 17/10/2017 09:58

Deadcert.....maybe not, look at what Red Eagle did.

[deadcert] 17/10/2017 09:18

tomboyb
The problem is massive dilution of shares to raise the capital to actually get the gold out. Kefi is about to start mining having diluted the original share holders out of existance.

[christy41] 17/10/2017 08:24

What it does show is we have a proven path to follow.Of course we need funding/environmental..etc
but hopefully MNC is now back on track. Gold price is of course also 10% plus higher now from Red Eagles $1180 price which doesn't do any harm.

[tomboyb] 17/10/2017 08:14

ASX up 8.6% last night -

Thanks for that christy -

Red lead $14mill to $200mill in quite a short space of time. If our DFS is good then who knows where the share price will be considering the potential interest in MNC -

[christy41] 17/10/2017 08:02

Quite an interesting interview from Red Eagle CEO Ian Slater from when they were at about our stage of progress now.Looking how the company has grown in a very short time from exploration to production to also now setting up a separate new exploration company to explore & acquire.(Red Eagle Exploration)_



From the article.
With less than a $14 million market cap Red Eagle may represent a deeply discounted bargain which could possibly triple in value in the near term. Production could begin in 2016 and dividends could come quickly as cash costs lead the industry below $600 an ounce with a high IRR of 52%.

Market cap went to $200.00 million on first gold.(CEO at the time said the company was misunderstood & should be double)

Worth noting that mine design had to be changed slightly after initial construction, all things MNC will learn from.

[jungmana] 17/10/2017 06:18

Closed up 8.6% in Oz. Nice slow rerate here.

[the count of monte_cristo] 17/10/2017 02:41

Another nice rise on the ASX, so far the positive share price movements, both on AIM and the ASX, have not been spectacular, a slow and steady increase and rerate which is good.

Just speculating here, if the FS is good and the share price rerates the increased market cap will be helpful when looking at funding the development of the mine, see other Colombian focused gold mining companies to see how they did it. Once we have secured funding it may in turn create another rerate as the realisation of a 50k p/a gold mine with an IRR of (currently) 26% is realised.

No reason why we shouldn't be capped in the £30-40m range come Q1 2018.