Metminco Share Discussion Threads

[christy41] 05/3/2018 06:20

Announcement now out.....

[chesycustard] 04/3/2018 20:05

Lot of chat on hotcopper with reconstruction being alluded

[christy41] 02/3/2018 08:26

I wonder what will happen today..

RE: REQUEST FOR VOLUNTARY SUSPENSION
Metminco Limited (ASX Code MNC) hereby requests a voluntary suspension on its securities, effective from commencement of trading today and provides the following information in relation to ASX Listing Rule 17.1:- • The Company expects to make an announcement to the market later today in relation to a capital raising; • The Company requests the voluntary suspension to end on the release of the announcement referred to above to the market which is expected later today; and • The Company is not aware of any reason why the voluntary suspension should not be granted.
Apart from the above the Company is not aware of any other information that is necessary to inform the market about the voluntary suspension.
If you have any queries, please do not hesitate to contact me.
Yours sincerely
Metminco Limited Graeme Hogan Company Secretary

[christy41] 28/2/2018 08:29

Thanks for update CC.

[chesycustard] 28/2/2018 07:03

Trading halt in Australia. Something up. Got an email from WH yesterday he didn't really answer my questions about redfeld change but said funding being worked on and couldn't say more.Could be huge raise, offer for Co or we are bust.

[christy41] 27/2/2018 12:38

I'm guessing the clue is in the bottom half of the RNS.Why take convertibles at a share price approx 50% more than they are likely to raise funds at.I wouldn't.


(The Company is also conducting what were confidential and incomplete discussions to raise capital to supplement its cash position at 31 December 2017)


RV did say they wanted to drill tesorito and chuscal so it was inevitable the need to raise more funds whilst the delay in EIA.
As a side note they've re-booked to do mining 121, 17-18th May 2018

[chesycustard] 27/2/2018 11:24

What the heck is going on. Redfeild changed their mind at the 11th hour and now want cash. Hmm. Doesn't sound positive, what's your take count or anyone?

[christy41] 13/2/2018 13:59

Red Eagles latest drill results announced today.

RED EAGLE MINING INTERSECTS 4.4 METRES AT 15.18 GRAMS GOLD PER

TONNE AND 1.3 METRES AT 82.66 GRAMS GOLD PER

TONNE

February 13, 2018 - Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) is pleased to announce results from ongoing underground stope delineation drilling at the San Ramon Gold Mine, Santa Rosa Gold Project, Antioquia, Colombia. The results from 96 underground stope delineation holes (SRDU-0001 to SRDU-0096) were previously announced. Results from 91 additional underground stope delineation holes have been received (SRDU-0097 to SRDU-0195) with highlights including intersections:

Drill hole From (m) To (m) Length (m) Au (g/t)
SRDU-0101 34.00 35.30 1.30 82.66
SRDU-0110 68.80 71.50 2.7 28.48
SRDU-0112 33.00 34.35 1.35 23.08
SRDU-0136 38.85 41.40 2.55 18.93
SRDU-0138 36.00 38.00 2.00 18.25
SRDU-0139 98.20 104.00 5.80 9.61
SRDU-0146 71.40 73.10 1.70 58.04
SRDU-0150 71.40 75.80 4.40 15.18
SRDU-0170 41.70 44.80 3.10 15.12



Three underground diamond drill rigs have completed 18,359 metres in 207 stope delineation holes with assays pending on holes SRDU-0196 to SRDU-0207. The results from the current underground production stope delineation drilling continue to return intercepts with grades significantly higher than the reserve grade of 5.2 g/t Au. For complete drilling results, please see Table 1 – Drill Hole Intersections, Table 2 – Drill Hole Specifications. Note that six drill holes are not reported in Table 1 as they are being re-assayed with results pending. Drill assays were composited by length-weighted averaging into intersections using a 2 g/t Au cut-off grade. For photographs of the drill core see Red Eagle Mining’s photostream on flickr.

[christy41] 01/2/2018 12:40

Original drill results mentioned from 2010 Seafield Resources...

Hopefully drilling will coincide with the end of the Lanstead sharing agreement

Interesting when you look at the last presentation how strategically placed we are in between Marmato
& La Colosa as Tesorito & Chuscal sit near the middle of the mid Cauca Porphyry Belt.

[the count of monte_cristo] 01/2/2018 10:29

Good, get drilling Tesorito!

[christy41] 31/1/2018 12:11

New interview with RV,nothing we don't already know but it looks like Chuscal & Tesorito are going to be drilled sooner.

[christy41] 25/1/2018 15:22

C.C.Thanks for reply..

[chesycustard] 25/1/2018 15:16

Not with an actual answer yet

[christy41] 25/1/2018 14:59

C.C..Did WH ever get back to you?

[sannabay] 25/1/2018 12:38

This RNS can only be viewed as very positive, though no doubt the naysayers on the LSE and HotCopper boards will emerge over the next few days and have plenty to complain about.

A real shame MNC’s true value is not reflected in the share price, but it won’t be ignored forever.

[christy41] 25/1/2018 12:21

Interestingly enough they also seemed to have acquired an extra 950,000 shares since they last updated the market in June of last year when they were at 12,504,298.Don't remember seeing an update. Might have been their trading around the edges....

[christy41] 25/1/2018 12:08

It shows faith in MNC equity and that's where they see greater upside. They did have to be exercised by May 2018 from memory so I don't think its anything to do with a takeover.
Not much we can do apart from wait for the EIA and funding news.
The project is getting more valuable by the day with the constant move up in gold price although completely missed by the market.

[chesycustard] 25/1/2018 11:47

Thoughts? Looks good on balance especially with premium. Could be a takeover step though.

[christy41] 19/1/2018 08:25

Previous top 20 share register found on Proactive..as at 21/6/17 to compare
against latest update on company web-site


1. Lanstead Capital LP 25,316,456 19.9%
2. Mr. Joel I Redelman (Redfield) 11,320,464 8.9%
3. Directors/Management 8,198,767 6,4%
4. RMB Australia Holdings Ltd 8,000,000 6.3%
5. SVS 6,851,818 5.4%
6. Junior Investment Company 2,629,750 2.1%
7. Mr Peter G Howarth 1,630,000 1.3%
8. Barrick Gold Corporation 1,500,000 1.2%
9. EM Dos 1,448,248 1.1%
10. KBC Securities 1,400,001 1.1%
11. Mr Neville J Katz 1,261,380 1.0%
12. Halifax Share Dealing 1,252,389 1,0%
13. Barclays 1,252,210 1.0%
14. Sidlog & Lemai & Avirko 1,117,692 0.9%
15. Hangreaves Lansdown Assset Managment 1,070,118 0.8%
16. Mr & Mrs Stephen CK Hsu 977,200 0.8%
17. Alcardo Investments 880,000 0.7%
18. Mr Vasilos Votsaris 869,947 0.7%
19. Mr Richard C Swann 830,000 0.7%
20. Joan Beck 808,004 0.6

[christy41] 11/1/2018 15:22

TCMC,two interesting interviews from Kitco on gold price,not that anything seems
to help the MNC share price at the moment.
Every $100.00 increase in price of gold adds $20 million to MNC NPV from the Nov 2017 presentation





Also from the 14th of Jan,from about 04:30 onwards,gold price with chart.

[the count of monte_cristo] 10/1/2018 14:08

In regards the shareholding transfer, maybe another reason, a takeover by another company with this being the first step in acquiring a stake!?

[the count of monte_cristo] 10/1/2018 13:42

No, been holding for a while now (:

[christy41] 10/1/2018 12:00

Stake building TCMC?

[the count of monte_cristo] 10/1/2018 11:27

Gold heading in the right direction.