Minco Share Discussion Threads

[jdgeus75] 18/5/2016 14:13

Another
2x 100.000 shares

[jdgeus75] 18/5/2016 13:51

Someone is slowly acquiring some shares in the market.
4x 100.000 shares so far
1x 350.000 shares

[bodgit] 17/5/2016 18:22

Canadian Zinc Q1 results announced today. The extract below has some relevance for Minco though have not looked to see if anything in it is 'new news'. Good luck all.

Extract: "Meanwhile, the RDC financially supported metallurgical testing program on the central Newfoundland properties is continuing and will be followed-up by the development of a process simulation and cost assessment model which will be used to help focus on the key factors that are critical to realizing the economic potential of the base metal deposits in central Newfoundland. This program will continue throughout 2016 and is scheduled to be completed by November 2016." End of extract.

[ardtole] 14/5/2016 07:20

Id have to agree with lendmeafiver, sit tight on dalradian until feasibilty studies are complete. The next six months could be huge for dalradian.

[lendmeafiver] 13/5/2016 23:14

Planning permission and feasibility concluded later this year and it's worth significantly more than the current MIO market cap for sure and the board should always be open to good offers but the longer they leave it the better as plenty of cash in business currently for a couple of years trading. I would hate to see it sold for less than £15m.

[frost1] 13/5/2016 22:48

Mio should hire a specialist finance company to evaluate the Dalr royalty and put it up for sale.

[jdgeus75] 13/5/2016 17:03

Same for me. Other than lowering the share price for some reason i see no other reason why a "normal person" would buy or sell 9 pounds of shares. Transaction costs are probably higher

[lendmeafiver] 13/5/2016 16:25

Never understand why those transactions happen

[jdgeus75] 13/5/2016 14:47

Nice little order of GBP 9.92 to lower the share price
Somebody really loading up here :)

[jdgeus75] 12/5/2016 18:01

Bluebel i loaded up all the way from 45p up to 75p. if this ever goes back to 60p i assure you i will load up so much more that the share price will probably not stay there. Not because im such a big buyer but because there are not so much shares available and when i started bidding big time on the ask previously the market makers moved the price up. There are not many people buying or selling now but that wont take long i guess

[bluebell1] 12/5/2016 17:58

We need an event here to make the so move, a sale of assets or something otherwise this will drift aimlessly for the next year

[lendmeafiver] 12/5/2016 16:47

But it's a market that given rise to some good opportunities also for anyone here sub 1p!

[bluebell1] 12/5/2016 14:21

Yes great value except many Aim companies are trading at a discount to cash or just at the cash value. That would see the market cap of this under 3 million or 0.6p/share
Its a f-upped market.

[lendmeafiver] 12/5/2016 11:57

Great value here, thanks for the Summary jdgeus

[ardtole] 12/5/2016 09:44

There should be more news flow over the next few months which should help. The initial drilling program at moate should be due soon, as well as further drilling at lundberg, details of potential partneship with czn at buchans, possible breakthrough at xtierra and further results from dalradian followed by the feasability study. Things should change quickly hopefully.

[jdgeus75] 12/5/2016 09:24

Correct Ardtole, yet no one is buying Minco. Almost no volume over the last weeks except for a 2.4 million shares dumped on Tuesday 3 May.

Minco market cap is 4.3 million GBP.
- 50% of that is working capital!
- 10% of that is the value of their Xtierra shares

So the other 40% (1.7 million GBP) must be for the:
- Dalradian royalty that will create cash flow of 3 million GBP per year
- $846 million manganese project
- 26 million tonnes of zinc, lead, copper, silver and gold and Lundberg, Buchans
- other deposits at Buchans where Altius Minerals is also staking ground!
- exploration properties in England and Ireland

[ardtole] 12/5/2016 09:14

The dalradian investment seems to be getting better and better each week. I wonder if connemara mining might be worth a punt, they had a positive rns 4-6 weeks ago on a similar project only 50 miles from dalradian mine. Peaked at 4.2p after initial news and currently under 2.5p.

[jdgeus75] 12/5/2016 08:52

To understand a little bit better what Minco PLC has in store with its 2% on Curraghinalt I herewith copy some input from royalty guru Pierra Lassonde of Franco Nevada, the biggest gold royalty company in the world:

Sprott - About your business model at Franco-Nevada: you spent $2 million in ‘83 on a deal that has generated over $800 million. You’ve acquired many more royalties since then. How were you able to make deals with miners that gave you such impressive upside?

Lassonde - As a matter of fact, over its lifetime, cash flows from that deal will probably be around $1.2 billion total. Here’s the thing – why the Franco business model is so incredibly powerful – and very few people understand this. None of our competitors do. They don’t understand what we have when we create a royalty. I’m not talking about a stream; I’m talking about a royalty -- like the GoldStrike royalty or the Detour royalty. We get a free perpetual option on the discoveries made on the land by the operators, and we get a free perpetual option on the price of gold. Think about this – if someone hands you a free perpetual option on 6 million acres of land, and you don’t have to put up a penny, don’t you think that at some point, you’re going to get lucky?

That’s what it is. We have put together a land package by purchasing and creating royalties where we end up with a free perpetual option. It’s the optionality value of the land, the value of the operator spending money on our land, and the optionality to higher gold prices. And that is worth so much money. And yet, when the analysts calculate an NAV, none of them ever look at the optionality that we have in our portfolio. Frankly, it’s what’s worth the most. It’s absolutely what’s worth the most, and it’s what’s given us the GoldStrike billion dollar royalty, the Detour billion dollar royalty, the Tasiast royalty, and so on.

When you buy a stream, on the other hand, you get price optionality. You’re buying, say, 100,000 ounces of gold for the next 25 years. So you get optionality on the price of the commodity, but you don’t get much optionality on the land. In the case of Cobre Panama streaming deal, they’re going to start milling around 200,000 tonnes a day. That’s already so big, it’s not like it could be expanded. And there’s already 50 years of reserves. Even if they find another 20 years of reserves, it doesn’t matter. The optionality is worth something maybe 50 years down the road. But for the next 50 years, it’s not worth a great deal. And that’s the problem with streaming. You don’t get much optionality.

With royalties you get a lot of optionality, and that’s the strength of the Franco-Nevada business model. That’s why it’s so powerful

[jdgeus75] 10/5/2016 07:20

Not so much happened. Someone bought 15.000 shares at 0.025 which means 375 Canadian dollar. Because of the (potential) end of the gold and silver bear market, all stocks went up and Xtierra is one of them. Good news for Minco of course as their ''virtual value'' went up

[thecynical1] 09/5/2016 20:55

anybody know what happened to Xtierra today? Still almost worthless but 25% less worthless than it was yesterday. Thoughts?

[lendmeafiver] 09/5/2016 16:41

Just further independent evidence with respect to what MIO is sitting on with the 2% NSR:

Numis today reaffirms its buy investment rating on Dalradian Resources Inc. Com Shs Npv Di (LON:DALR) and raised its price target to 120p (from 90p).

They must be recommending a £200m plus market cap, how long can MIO really linger at £4m?!

In light of last weeks DALRADIAN news some serious questions need to be asked with respect to the NSR valuation as a result it would be good to see a bit of independent analyst coverage on MIO also.

[lendmeafiver] 07/5/2016 13:30

I know you have been long and useful poster bluebell, many apologies for any offence, I just don't see cash as a risk for a couple of years which gives plenty of time to release an asset.

[bluebell1] 07/5/2016 13:22

What are you on about "Don`t invest then"
I started investing here when the share price was <0.5p and check my posts if you don't believe me. All I am concerned about is the cash flow because it has crippled many companies

[ardtole] 07/5/2016 11:16

They have been very prudent especially the past 18 months. Although woodstock is on hold, the other assets are at various stages of new development and there seems to be a lot more happening, than there was previously. Maybe its a deliberate change in tactic, with confidence that revenue from dalradian is coming down the line, or/and a sale or decision on xtierra is imminent.

[lendmeafiver] 07/5/2016 10:52

They have the cash to fund both the overhead and drilling for a couple of years so cash is not an issue.

I understand that it's part of the MIO business plan to continue developing other assets so although for me this is all about the Dalradian asset I actually have no problem with the board making selective investment decisions at other sites, even the Pennines potentially, as sentiment can change quickly in the mining and resources sector.

If you are concerned that the board will just thoughtlessly burn all of the cash recklessly and create a cash crisis then I can only suggest either speaking to a representative of the company and seeking comfort or don't invest. I think that is just a theoretical issue in reality as you can see from the cash burn over the last few years that overhead is not obscene and will last to the point when full value should be gained from assets like Dalradian.