Minco Share Discussion Threads

[bodgit] 23/3/2017 18:19

IF the deal completes, I will celebrate and not until then. Still its good to see the MIO share price rise above 2p, would prefer 4p but that might be a bit frothy ... Good luck all.

[marthy] 23/3/2017 16:32

It's just beginning to dawn on folks that they will have to pay the top of the spread if they don't want to miss this boat. Nobody will sell at these levels unless they are desperate or havn't done their homework.

[jdgeus75] 23/3/2017 16:27

Where is sm9 btw? I havent seen him here since the good news. Did he sell after all?? :) :)

[jdgeus75] 23/3/2017 16:24

There is ONLY 1 reason not to buy more, thats the possibility that the deal will not close. I am pretty sure the deal will be approved by all involved parties - but you can never rule it out 100%.

IF the deal gets closed, Minco is undervalued by at least 50%, but probably much much more. I am not gonna sell 1 share at these levels. So I will patiently wait until we hear more.

Besides that, IF Dalradian really gets its mining license, it will be a 2-3 dollar stock. Thats not bad for Minco shareholders either

[lendmeafiver] 23/3/2017 15:13

Wise words and thoughtful analysis as usual jdgeus75, I'm hanging around for the long term on both stocks post deal, I struggle to understand why anyone would sell at the current price.

[keya5000] 23/3/2017 14:32

It is a mad world.

Take a look at URU, main asset perhaps not a patch on what they have here and likely several years behind.

Yet due to having a new 'spiv' CEO called Zorbas in charge they have somehow managed a £26m mcap with all the talk how it should be 10x that.

Little old Minco with perhaps two advanced and shall we say potentially world class assets is completely ignored.

On top of that a bid for one small element (albeit a valuable one) of the portfolio currently sits at 20% above the mcap.

Just keep filling your boots at these levels guys.

Maybe we just need Zorbas on the board.....lol....

[apfindley] 23/3/2017 13:57

The likelihood of the deal going ahead is very high.They've already made up their mind and got this far.Theres no bidding war, and the price offered wont change. It is what it is.The cards are on the table as far as Investors should be concerned. The numbers are in the open.The new dalridian shares are 75% directly to shareholders and the other 25% will also be ours but held by newly formed buchans, which will also own the remainder of the minco assets.

[jdgeus75] 23/3/2017 12:14

Minco's share price is irrelevant right now because the market clearly does not know how to value it. So for shareholders it is just waiting until the deal closes and get valuable Dalradian and Buchans shares.

They just announced a C$ 20.91 million deal (GBP 12.56 million), and yet the market cap is GBP 9.56 million.

We as sharholders will get approx. 1.9P - 2.1P in Dalradian shares, and all the Buchans Minerals shares.

Buchans will have:
C$5 million in Dalradian shares
C$1.5 million in Xtierra shares
C$2 million in cash
1 big zinc project (200 million NPV)
1 big manganese project (800 million NPV)

If the market in Canada really doesn't give a sh*t, the market cap of Buchans will be C$8.5 million. If the market likes it a bit, it will be worth C$15 million. If the market really understands it, Buchans will be worth over C$ 20 million.

So to put it simple, the Minco share price should already be between 3.00P - 5.00P.
As long it is not going to at least 4.00P, I am going to wait on the Dalradian and Buchans shares!

[marthy] 23/3/2017 11:06

WOW Post No 6000. There's a good omen.

[marthy] 23/3/2017 11:05

It's amazing that the share price hasn't moved pass the 2P mark. The Dalradian share alone is worth that just now. (80P @ 40 to 1) Minco has $3 mil cash and the new company will receive 3872000 Dal shares worth 3,100,000 Pounds today. They should be worth 3 times that within 12 months as they approach production. All that plus the Canadian assets. So far the deals are in the 1 to 2 grand range. That'll change when the big boys spot this gem.

[apfindley] 23/3/2017 09:17

Yes 4p has to be minimum.Remember with same number of shares in issue, it went over 5p, just on press (tv) news about the pennines asset.Since then, there has been significant progress, and now the disposal of the royalty to dalridian for what will be equivalent to about $20m.Everything remaining is included for free.

[barnetpeter] 23/3/2017 08:12

Added some more this morning. Looking good for a big rise. I think these are worth 4 pence minimum

[thecynical1] 23/3/2017 07:33

for someone who has obviously only recently crawled out from uder a rock, bullet ant has a stunning way with words! 😎

[2trying] 22/3/2017 21:44

Cheers mate .

[keya5000] 22/3/2017 20:58

Nope it will run till either the deal completes and MIO delists or the deal fails

[2trying] 22/3/2017 20:53

Question , if I may . I'm not asking for financial advice , I am
asking for those with superior knowledge / experience for an answer
to this.....

Is there a "qualifying date" (whatever it's called!).
Eg. only shareholders registered by "x" date are entitled to...

I ask because I get a bonus year end (31st March) and I am tempted
to snap up a few more .

Thanks in advance .

[bageo] 22/3/2017 19:38

Cheap or fair proposed price for NSR?

The proposed DNA shares to be issued would be 5.8% of outstanding shares or 4.9% on a fully diluted basis. The reference below refers to an NSR being 3 times more valuable than a working interest. Therefore the proposal seems to be broadly fair on current assumptions but to build the mine further fundraising will be required so dilution will occur so it might look like DNA are paying a cheap price but there is the liquidity and uplift now.
Much lower and royalty companies might compete purchase the royalty (still a possibility) much higher and DNA shareholders might not be in favour currently.




Example of a Royalty (NSR or NPI) versus a Stream:
Assume for one ounce of gold, a sales price of $1200 and “all in” operating and ongoing capital costs of $800. Also assume that the royalty holder has a 4% NSR, a 4% NPI or WI or a 4% stream with a pre-determined $400 per ounce purchase cost.
NSR Stream NPI or WI
One ounce sold at
$1200 $1200 $1200
Applicable cost
- $400 $800
Margin for calculation
$1200 $800 $400
NSR, Stream or NPI %
4% 4% 4%
Revenue per ounce to Royalty holder
$48 $32 $16
Based on the above economics, a comparable percentage NSR is three times more valuable than an equivalent NPI or WI and 50% more valuable than a stream interest. With changes to the gold price, the NPI or WI would demonstrate the most leverage while the NSR would provide the most down side protection. The stream provides commodity price leverage similar to a low cost operating company with more certainty as to future costs.
Franco-Nevada Corporation Annual Information Form - March 24, 2011

[keya5000] 22/3/2017 18:52

DALR will soon have some more cash and a likely big share pricing boost of confidence on the back of this.



Thats c£3.7m pounds worth at around 8-9g per ton. Given it arrived on the 22/2 and it will take a month to process times nearly up and a RNS is likely.

Total proof of concept of the mine will be expected.

With gold performing well I would not be surprised to see DALR firm up making this offer very appealing.

-------

Dalradian ship 15,000 tonnes of Tyrone gold ore to US 'A shed full of gold ore' extracted from the Sperrins by Dalradian Gold SHAUNA CORR Email 12:52Wednesday 08 March 2017 1 HAVE YOUR SAY Dalradian Gold has shipped 15,000 tonnes of high grade gold ore from its mine in the Sperrins to the US to be smelted down and sold. A report in Washington State newspaper The Olympian said on February 22 that a shipment of gold ore from Northern Ireland was due to arrive on Friday, February 24. “The customer is Northern Ireland’s Dalradian Gold Ltd, which loaded the ship Trinity Borg with 15,000 tons of the stuff,” the story said. It went on to explain how “ore will be unloaded into dump trucks” before being hauled “to its final destination: a smelter in the Eastern Washington community of Republic” - a job expected to take 42 workers a month, day and night.

Read more at:

[bullet ant] 22/3/2017 18:05

That's better, Chief.

[keya5000] 22/3/2017 17:45

We all know it will be c1.9p-2p all dependant on the movement of DALR, then you get Buchans (NewMinco) free gratis if buying at todays levels.

Not a pop at BA who I am sure actually understands this but I think a lot a folk are not grasping what is on offer here.

[keya5000] 22/3/2017 16:59

I found it fairly easy to buy BP.

Wonder if folk are waiting for a comment in detail and confirmation from DALR?

Given the detail and advanced planning for post event matters in the MIO release this looks to be a long way down the road.

[barnetpeter] 22/3/2017 16:57

Let's see tomorrow that should read.