Minco Share Discussion Threads

[ardtole] 23/9/2016 11:18

Very similar situation to 3 yrs approx ago, when xtierra was 25c. mincos share price at that time never reflected their stake in xtierra.

[sm9] 23/9/2016 10:36

Was hoping these would have kicked on by now..seems to be same old minco jam tomorrow, there must a reason the city have not upgraded minco share price to reflect Daladirian?

[lendmeafiver] 22/9/2016 13:24

Spot on Marthy! I hope my 10% sold has gone to a good home.

[marthy] 22/9/2016 00:36

AAAWWWW Come on lend me a fiver, You'll have to up your game. When you come on here again you'll have to change your name to "Lend Me a Thousand" It's terrible pressure when the Wimin want everything done NOW !!!
P.S. We'll forgive you.

[lendmeafiver] 21/9/2016 21:05

Silver is on another surge, good for Mexican investments.

Now I do have to confess that I had to sell a few MIO shares over the last few days, only about 10% of my holding, I've had to pay a bloody builder for an extension so had no choice really, still got shed loads here, far too many really, but please blame me for a slight weakening. Sorry.

[lendmeafiver] 19/9/2016 17:38

I note from the trades today that this got into the 1.7s for a decent sized trade,

Glad you are feeling so optimistic Marthy. £7.5m cash plus £7.5m Dalradian shares would be fine.

[marthy] 19/9/2016 15:47

Round and round she goes, where it'll stop- no one knows. With a reserve of 4 mil tons, soon to be five and possibilities in every direction. Annual production of 112,000 oz would take 100 years to extract. I reckon in the very near future they will be planning yearly production of 250,000 to 300,000 ounces. That's little over 8 tons. I've often seen that weight on a Shearings bus heading for the seaside. I revise my earlier estimate. Now I think we should get at least 30 Million and a weekend away for all Minco shareholders.

[jdgeus75] 19/9/2016 14:17

In addition to this NSR, we have some drilling results soon that hopefully impress the market.

[lendmeafiver] 19/9/2016 13:44

Yes, "enhancing the resource we have already" could easily be refering to the purchasing on the NSR, I would be surprised if they were proposing to spend USD20m on just exploration!

[jdgeus75] 19/9/2016 13:25

Yes - it is obvious that they will use that cash to focus on exploration because that is what can keep Dalradian interesting during the boring period between feasibility study and the mining permit decision. They will try to show the market that Curraghinalt is much bigger than the current resource and that there are more deposits on their land positions.

But they may also have some other ways to ''deploy their cash'' and that will be explained in the ''announcement'' he talked about

[lendmeafiver] 19/9/2016 13:19

Ref Dalradian Presentation above, words something like - budget the cash to "Enhance the resource we have already" and hopefully make some more discoveries

[lendmeafiver] 19/9/2016 12:09

Nice spot jdgeus, an early deal with MIO seems like the most obvious thing to do with any excess cash. MIO share price is certainly looking strong, never seen such a small spread here.

[jdgeus75] 19/9/2016 12:01

I recommend everyone to look at the Precious Metals Summit presentation of Dalradian. The webcast is online hxxp://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2016/09/16/dalradian-resources-inc/play/stream/20192

Check what Patrick says at 03:03. ''You will see an announcement on how we are going to deploy that cash...''

[lendmeafiver] 19/9/2016 10:19

Could be a private investor, could be an investment company, no way of telling, if it was a director then it would have been reported by now.

[lendmeafiver] 19/9/2016 09:49

Price rises to 1.6 on Friday, a late reported 5m trade is published close of play, likely from Wednesday, it must have been a buy, if someone dumped 5m here it would be on the floor!

[jdgeus75] 19/9/2016 08:50

@sm9
The 5 million shares trade was reported on Friday but the transaction took place on Wednesday. Wednesday the share price started the day at 1.35 and closed at 1.45. So the transaction price was exactly the average daily share price and was not reported during the day.

I see the 5 million share transaction as a buy because how much volume did we really see on or above 1.40 over the last 12 months? I guess that 99.5% of all trade value was under 1.40 for the last 12 months.

[sm9] 19/9/2016 08:46

Would the 5 million be a pension company or a non exec board member?

[sm9] 19/9/2016 08:45

Did someone dump over 5 million shares?, Thats a serious amount...always the case with mio that next year will be our year or the year after, same old minco,

Think i will wait for the next RNS, then seriously consider my options, anybody else thinking like wise?..

[lendmeafiver] 17/9/2016 20:25

Yes they sneaked that 5m buy through as a late reported trade, I can't help but think there will be fireworks here soon.

[marthy] 17/9/2016 10:24

What's that 5 mil buy about. Could the Dal folk be buying a stake in Mio. With 12 Mil expected and Mio's share price @ 6 Mil (until the last few days) the bigger the stake the less it would cost to buy back the royalty or they would be getting their own money back. Any other conspiracy theories out there. Chinese maybe or the Bank Manager in Moate.

[lendmeafiver] 16/9/2016 18:52

Ok, bit of buying, up to 1.6p

[lendmeafiver] 15/9/2016 17:05

Any small buy orders and they are going to have to tick this up to 1.75p tomorrow I think.

[djb3] 15/9/2016 15:51

Think MM's want shares spread only 3.45% now.

[jdgeus75] 15/9/2016 15:12

@Marthy; 112,000 ozs per annum is for from certain. It depends on the mining method they choose.

I think the production will be in the range 120.000 (low end) to 155.000 (high end). With a gold price of 1300 this results in USD 156.000.000 - 201.500.000 turnover. This then results in a 3.120.000 - 4.030.000 annual turnover

[lendmeafiver] 15/9/2016 14:50

I have read past city broker reports going with the £12m valuation range in the past but there has been a fair bit of Dalradian good news since then, some equity would be great as participation in the Dalradian Project long term would be good, it's a very good project.

Given the AGM is in Dublin this year I'm sure there will be some here who will be able to find out what the relationship is like between our board and dalradian.

It really wouldn't bother me if no deal was done and the company just waited until production but with a MIO market cap lingering around £7m it would of course be good to see our foresight in the value of the NSR bear fruit early.

You can put up a case to the NSR being worth £20m on a NPV basis depending on what gold price assumptions you make, mine length, production start etc but the reality is an early deal is always going to be a discount to a NPV calculation, £12.5m ish would therefore seem like a sensible number for both parties with some equity upside left in Dalradian stock, that's still over 2.5p per share with some Dalradian upside plus all the other MIO assets for free.