Minco Share Discussion Threads

[lendmeafiver] 17/12/2016 11:30

I agree that this isn't a short term trade and you probably need to take an 18 months view on it.

[sm9] 17/12/2016 10:40

Why are people supprised or kidding themselves...there is nothing here for the short or medium term..only thing of real value is daldarian and there in no rush it atleast 2 years away before they do something of interest with minco to daldarian it is chicken feed..why are people pulling the wool over others eyes, like i said about 3 weeks ago these will drift back down to sub 1p..probably settle around 0.7p..the agm had nothing..if it had anything of interest it would be 2p+ but its not for a reason..and by the way im still invested but will not rope others in on false promises like what has happened over the last 3-4 years..

[djb3] 17/12/2016 06:49

I think it will be market makers dropping price and triggering stop loss I'm not concerned lots of news to come good luck all

[jdgeus75] 16/12/2016 17:51

Someone really wanted to get rid of his/her shares in the last 10 minutes today. For over six months this shareholder could have sold the shares between 0.012 - 0.016, but it was apperantly better to sell it in the last 10 minutes of 16 December for 0.0115 and 0.0107.

Market cap is currently GBP 5.1 million.

if it was not member sm9, he is probably pretty frustrated about this share price drop.

[bodgit] 16/12/2016 16:35

Oh dear, a few smallish sells see a disproportionate reduction in the share price The DALR FS seems not to have been well received, or am I reading the tea leaves wrong? Off topic, AYM looking good..... Good luck all.

[teemore] 15/12/2016 00:38

I go with dgb3's comment

[lendmeafiver] 14/12/2016 21:31

It is ludicrous that one relatively small sell can move the price so much

[lendmeafiver] 14/12/2016 18:07

Just lucky timing marthy, I was fortunate to be picking most of them up at around 0.7p a share.

Personally I think an early Dalradian deal is likely, next 12 months perhaps, so I can't sell anymore as I will kick myself if I awake to an RNS, who knows if or when that will happen but I'm happy to wait on the rest.

[marthy] 14/12/2016 17:52

3 Mil? Fiver. WOW !! WOW, WOW,WOW. I'm at about 1.25 Mil. Between ourselves and SM's 3 thousand makes a nice piece of Mio. I wonder why he's still unhappy. I don't think Minco need to do anything or spend any money for the time being. The next big step should be an announcement about Dalradian or Buchans and unlike the feaso we won't get any warning. Hold on tight.

[lendmeafiver] 14/12/2016 16:53

I've still got about 3m shares so I remain a keen investor here for the long run and don't plan on selling anymore by the way.

[lendmeafiver] 14/12/2016 16:02

Sorry SM9, I sold the 500k earlier today so it's my fault, still hold many times that but I purchased sub 1p and needed a few quid next week so dumped 500k.

I think the AGM update was fine and as expected and still hold for the long term Dalradian news flow.

[sm9] 14/12/2016 15:19

Dont think its tricks..the rns at the agm was poor to say the least, even though i mentioned it that the build up was very low key up to the agm which usually is not good, but people reacted by saying wait till the agm blah blah blah and this is worth 4 fold etc..the truth is its been at these levels if not lower for years and its going to stay like this if not sub 1p for at least a couple of years then daldarian might make an offer, all other assets are non existent for many many years...otherwise this would have been on the brokers radar as they look at least 12-18 months in advance...

[djb3] 14/12/2016 14:26

Market maker tricks here. I think they want shares, two sells lowest being 1.33.

[lendmeafiver] 12/12/2016 22:19

It's going to be an interesting 12 months with Dalradian alone, surely if you were Dalradian you would see MIOs current £6m market cap and think now is the time to clear that 2% for a lot less than you are going to be able to negotiate post planning.

[bodgit] 12/12/2016 21:00

jdgeus75, thanks for your response and that link, interesting.

[jdgeus75] 12/12/2016 20:13

The 2% NSR covers the entire resource. Check the following page.
Only some 2 kilometer step out discoveries are not included. But those will not be planned for mining any time soon. The first 24 years of production is definately covered by the NSR>

hxxp://www.reratestocks.com/single-post/2016/11/20/Minco-PLC-LON-MIO-%C2%A30013

[keya5000] 12/12/2016 20:02

Looking good here again, not before time.

[bodgit] 12/12/2016 19:58

Given the DALR release of their FS, which gives figures for total royalties (of which 2% looks to be ours) might MIO now have to release an RNS about that as to me it seems to be price sensitive new information? Also, I am not clear whether the 2% NSR we hold relates to all of the first 10.5 LOM production years and whether any LOM extension beyond that will be at 2% as well? Can anyone here enlighten me please. TIA and good luck all.

[lendmeafiver] 12/12/2016 19:15

It's a good presentation, Dalradian do an excellent job with this kind of thing.

another way they can improve the economics would be to offer us £15m for the NSR now of course, some of it in equity would be fine also!

I only invested here because of this project but I have to admit there is potentially much more to Minco than just the NSR with zinc now so exciting times ahead I think.

[jdgeus75] 12/12/2016 18:08

Go to slide 25 of Dalradian's webcast presentation. It clearly shows that Dalradian would like to further improve the economics.

Dalradian is targeting a conversion of 75% inferred resources to reserves.
This will result in a 24 year mine life.

I calculated the value of our royalty in this scenario:

GBP 33 million.

Thats 0.069 per minco share!
Thats a 5 bagger from here, only based on the royalty :)

[lendmeafiver] 12/12/2016 15:52

3 to 4p of value relating to the NSR sounds very sensible, Dalradian progress and the change in zinc market has doubled the Mio share price in 2016, been a very good year for Mio and those of us lucky with that timing, expect more to follow in 2017. Would be good to get a brokers update at some stage, must be a 6p+ valuation now surely.

[jdgeus75] 12/12/2016 14:12

Approx turnover USD 3.1 - 3.3 million / year for 10 years.

Upside by:
- higher grades (see recent test stopes)
- conversion of Inferred Resources to Measured and Indicated Resources

With the current numbers, I calculated that our NSR is worth:

GBP 18.75 million ($1250 gold and 5% discount) --> 0.039 per Minco share
GBP 15.75 million ($1150 gold and 7% discount) --> 0.033 per Minco share

[lendmeafiver] 12/12/2016 13:09

Top 10% gold mine

Average of 130,000 ounces per annum assumed for the first 10 years.

They have LOM Royalties of $102m in their model, some of thats coming MIO's way and all for our current £6m market cap, very happy to keep holding here.

Build circa 18 to 24 months after planning so a relatively short period compared to many mines.

[algorithmicx] 12/12/2016 13:09

"One of the project's main competitive strengths is the high reserve grade, which would place it in the top 10% of gold mines world-wide"

[lendmeafiver] 12/12/2016 12:47

Dalradian news just out