Minco Share Discussion Threads

[lendmeafiver] 03/8/2016 12:39

Very difficult to trade this stock, I have tried here and there on the way up but unfortunately the spread makes this a bit of a longer term hold really

[jdgeus75] 03/8/2016 11:22

I expect market makers will make some deals with people willing to buy in between the spread. Maybe a 500k transaction around 1.3 or so

[jdgeus75] 03/8/2016 11:19

Look at the spread. Bid 1.15 / ask 1.40. So market makers want to avoid transactions. They lock the market more or less. They lower the bid and make a small trade to let the share price look weak. They do not lower the ask so that buyers still pay 1.40.

[sm9] 02/8/2016 11:16

Yes, anytime now upto end of year, there should be good and exciting news flow..

[ardtole] 02/8/2016 10:58

Am I right in thinking that news from Buchans and Lundberg is due soon?

[bodgit] 01/8/2016 19:44

Zinc now at c. USD 1 per pound weight. Getting 'interesting' at that level. Good luck all.

[lendmeafiver] 31/7/2016 22:19

Agree on short term minimum price target of 2p to 3p, current market cap of £6.25m remains beyond cheap, Marthy maybe right that August is holiday season before things start happening at Dalradian. Like the Galway tip and enjoy the summer break.

[sm9] 31/7/2016 17:56

To right just a matter of time, 2-3p looks as a bare minimum, next few months hopefully will be great..

[bodgit] 31/7/2016 12:07

marthy, you tease you! Good luck all.

[marthy] 30/7/2016 14:47

This Mon is a Bank Holiday in Ireland so the rest of Aug should be very quiet with holiday time etc. You guys have my permission to take the month off but be sure to be back on Thur Sept 1st at 8am sharp when the fireworks begin. You are not to sell any share below 5p and that's that, unless very badly stuck for a few bob in which case I will forgive you. P.S. I got a great tip from a sensible jockey, at the Galway Races, which he said I could put my shirt on, The name - - - - - "clothesline"

[lendmeafiver] 29/7/2016 21:12

Gold also moving upwards again, the market will wake up to what MIO owns later this year.

[lendmeafiver] 28/7/2016 14:25

Yes Dalradian on the up, surely at the point of planning approval Dalradian will make an offer for the NSR.

[sm9] 28/7/2016 06:47

Excellent analysis, just shows what mio will worth minimum once news starts to filter through from daldarian, my 2-3p looks relatively low now....

[marthy] 28/7/2016 00:51

Dalradian up about 10 cents in Toronto Wed afternoon. That's worth 5 to 6 pennies in London so there should be a good jump in the share price on Thursday morning. Hope this gives Mio another nudge upward.

[lendmeafiver] 27/7/2016 20:17

Having spent a bit of time on the Dalradian website today I do have to say they have put considerable effort into clear, fresh, comprehensive investor communication esp compared to our, well, less than average website.

[lendmeafiver] 27/7/2016 19:46

Thanks jdgeus75, I'm going to have a crack at my own NPV of MIOs NSR over the next couple of days, I do however like the sound of a NPV to minco of around £20m, that's circa 4p alone!

Past Analyst price targets of 6p may become a reality once newsflow and certainty are gained over the next 18 months.

We are about to enter a very interesting period for Dalradian and therefore MIO with I expect first news in Sept.

[jdgeus75] 27/7/2016 19:15

I encourage everyone to challenge my numbers. I have no problem with opinions and outcomes completely different than mine

[jdgeus75] 27/7/2016 19:11

Please note that the feasibility study will not be as impressive as the PEA because Dalradian can only use measured and indicated ounces if the Feas and it could use also inferred in the PEA. That does not mean that they will not have a 18+ years mine life eventually but the Feas will probably have a 11 year mine life. It will also be interesting what mining methods they plan because of the vein thickness (dilution issue). At the moment I consider the following for the feasibility study numbers. Please note that this is just my opinion and you should make your own estimations. Mine life will probably go down from 18 years to 10 or 11 years. Net present value 5% will probably go down from $716 million to something in the 350 - 450 million range. Capex may go down a bit (PEA was 249 million). The weaker Pound may help a bit. In this 11 year scenario i calculate a net present value for our royalty of 22 million pound using $1300 Gold, 155.000 ounces per year and a 6% discount rate. A 7.5% discount rate and 145.000 ounces per year give a royalty net present value of 19.5 million pound. But again, these are my estimations, calculations and opinions. Do your own DD

[lendmeafiver] 27/7/2016 16:14

jdgeus75 Has some good analysis and views with respect to the Dalradian numbers and NSR valuation.

[lendmeafiver] 27/7/2016 16:07

Current market cap is £7.4m therefore 2p is circa £11.8m, hardly crazy numbers with a NSR over one of the most exciting high grade mines in the world now, fortunately even based in the UK.

In my view the Dalradian NSR backs up 2p on its own, all other assets are free, plenty of cash so no solvency or fund raising risks either.

Such a great risk and return here.

[sm9] 27/7/2016 11:24

Excellent info, getting really excited, any sells seems to being socked up, good indication for the future, i fully expect this to rise 2p upwards any time now.....

[lendmeafiver] 27/7/2016 10:44

Page 25 of the excellent Dalradian Presentation linked below suggests feasibility study news flow in Sept and Planning Application Submission newsflow in Oct/Nov, two highly significant events to MIO this year:

www.dalradian.com/investor-centre/presentations/default.aspx

[lendmeafiver] 25/7/2016 14:01

Yes certainly becoming more resilient, every time any stock is lifted 30% some selling is to be expected I guess, for me MIO must hit £15m to £20m market cap minimum before I sell a single share.

[sm9] 25/7/2016 13:15

Apprantly over a million sold today and the share price not flinched, someone is definetly soaking up the sells, with the daldarian news due shortly, hard not believe that this wont be beyond 2p...

[bodgit] 22/7/2016 17:40

Maybe s/he is on holiday..... Good news here would be welcome while we wait (years?) for Dalradian to come good, EMM prices to recover and the Chinese or anyone else to declare their interest, positive high grade drilling results for zinc, Xtierra to recover, etc etc. Lots of possibilities so fingers crossed and good luck all.