Minco Share Discussion Threads

[fiachra] 02/8/2023 13:24

Are we paying a total of 14 per cent over two years . At what price would we issue the shares in lieu of interest?

[fiachra] 02/8/2023 13:21

anynews. I take it we would be regarded as giving them the sweetener by giving them twenty million shares for which they paid “only” 25 cents each?

[anynews] 01/8/2023 18:52

Shares fall because there is a seller and few buyers at the time, maybe Summer, sentiment etc?So it's 14% interest on $5mil paid two times per year over two years. Shares can be issued for the payments.After two years the loan amount can be converted to shares at $.35c or paid by the Company if it can find the cash somewhere else.The flow through seems to be "a sweeter" whereby Cdmn get access to another $5mil but for shares at $.25 and the buyer gets a Canadian tax concession in lieu of the $5mil.Please correct me if necessary..Companies issue convertible debentures as fixed-rate loans, paying the bondholder fixed interest payments on a regular schedule. Bondholders have the option of holding the bond until maturity-at which point they receive the return of their principal-but, holders may also convert the debentures into stock. The debenture can typically only be converted into stock after a predetermined time, as specified in the bond's offering.

[fiachra] 01/8/2023 17:42

You can take it I don’t understand debentures..Can you Explain the flow through shares bit.TIA.

[fiachra] 01/8/2023 17:41

Anynews. Thanks,again,for your comprehensive attempt to enlighten me. Sadly perhaps due to density and age I am not much the wiser. Have you any theory as to why the share price has done nothing but fall since May 16th?

[anynews] 01/8/2023 14:58

Fiachra Re Financing see below. Maybe someone can enlighten us is it $.25 or $.35 per share??
Correction: John Kearney's invested $100,000 in May 2021.
In connection with the acquisition of Maximos, CMC has closed a non-brokered private placement equity financing (the "Financing") through an offering of subscription receipts ("Subscription Receipts") at a price of $0.30 per flow-through receipt ("FT Subscription Receipt") and $0.225 per non-flow-through receipt ("HD Subscription Receipt"), led by key supporting investors, including certain Maximos insiders, Clarion Finance Pte Ltd., and Commodity Capital.

Pursuant to the Financing, CMC issued 17,544,443HD Subscription Receipts at a price of $0.225 each for gross proceeds of $3,947,499.68 and 6,666,666 FT Subscription Receipts at a price of $0.30 each, for gross proceeds of $1,999,999.80. Each HD Subscription Receipt entitled the holder to receive one CMC Share, for no additional consideration, on completion of the amalgamation and each FT Subscription Receipt entitled the holder to receive one flow-through CMC Share, for no additional consideration, on completion of the amalgamation.

The gross proceeds of the Financing were deposited in escrow on closing and the Subscription Receipts automatically converted into CMC Shares and the funds released to CMC upon completion of the Maximos acquisition and the satisfaction of the other escrow release conditions.

Finders fees of $224,000 in cash and 333,333 share purchase warrants were paid and issued to certain arms-length parties for assisting in the Financing. Each warrant entitles the holder to purchase one CMC Share at a price of $0.27 per share for three years following the listing of the CMC Shares on a Canadian stock exchange.

John F. Kearney, an insider of CMC, subscribed for 444,444 HD Subscription Receipts for gross proceeds of $100,000.

Toronto, May 16, 2023 – Canadian Manganese Company Inc. (“CDMN” or the “Company”;) (NEO: CDMN) is pleased to announce a proposed private placement of (i) up to $5 million of convertible debentures (the “Debentures220;) for an aggregate purchase price of $4,800,000 (representing an original issue discount equal to 4% of the purchase price) and (ii) up to $5 million of flow-through shares (“FT Shares”) at a price of $0.25 per FT Share.
The details of the Debentures are as follows: (i) the Debentures will mature on the date that is two (2) years from the date of issuance (if not otherwise converted or prepaid) (the “Maturity Date“); (ii) the Debentures will bear interest at a rate of 14% per annum, payable semi-annually in arrears; (iii) subject to any required regulatory approval and provided no event of default has occurred and is continuing, the Company shall have the option to pay such interest by delivering a number of common shares (“Common Shares”) of the Company calculated using a Common Share price equal to the volume weighted average trading price of the Common Shares for the 20 consecutive trading days immediately prior to the applicable interest payment date; (iv) the Company shall have a right to prepay or redeem a part or the entire principal amount of the Debentures at par plus accrued and unpaid interest at any time; (v) each Debenture will be convertible into Common Shares at the option of the holder at any time prior to the close of the third business day prior to the earlier of: (a) the Maturity Date, and (b) a redemption date, at a conversion price of $0.335 per Common Share, subject to receipt of regulatory approval.

[fiachra] 01/8/2023 08:20

anynews . Re cdmn. Please elaborate on the loan convertible with particular reference to how much was raised and when we get the money. TIA. Also I would be obliged if you would remind me when Mr Kearney threw a million of his own money at this. Again TIA.

[anynews] 31/7/2023 18:51

And of course new Minco will hope to get lucky with the odd drill hole here and there. I guessing that drilling and analysis is so much more expensive than it was 30 years ago. It should be remember that they missed the big Pallas Green discovery by the distance of a single field and subsequently wasted the following years doing step out drills from several little satellite finds two miles away. This was back when mining stocks were hot, it would have made us all rich.So maybe they will get lucky with the new Miltown license? Or with the Tara mines JV?A stock market listing should be the last thing on their mind at the moment imho.

[anynews] 31/7/2023 16:05

The timing for Cdmn is perfect. The American government is throwing Billions at energy storage and renewables between now and 2030 and the Canadians want their own supply and to not be dependent on China.. There is a push for Esg Manganese for steel manufacturing but it is much more expensive than Chinese sourced. So it's all about battery Manganese.
Look at European manganese considering processing their own ore in North America.
For Cdmn it's about proving up reserves and getting a mine permitted and it won't be talked up until it gets across the line. Processing this stuff is difficult and they won't ever be doing it, we all know processors make all the money.
Cdmn picked this area up cheap and do not have to spend a fortune on it to get it permitted, so there is big upside if it gets permitted.
The last financing was interesting for an exploration company - a loan convertible to shares in two years at $.25c/ $.35c.
Of course Mr Kearney threw $100,000 of his own money in May 2021.
I picked up some of these lately also from $.08 to 10c so I'm happy.
I'd love buy more Royalties Inc but am unable.
From last Rns "RI also owns two mining royalties with significant potential optionality,
one from the eventual breakout of the silver price and the other from a courtroom in Zacatecas, Mexico"
Buchan's will have it's day.. but look at Tara mines! Buchan's are trying to talk up the Copper content of the ore.
Perhaps be " Grateful of management who don't issue confetti shares" unlike say Great western etc

[fiachra] 31/7/2023 11:48

Anynews. I have not seen Mr McKillen at an agm since he retired-about 10 years ago.I bought a small amount of Can Manganese at 6 cents last week which is very depressing. Canyou say anything about them which would cheer me up? Or about Minco or Buchans for that matter?

[anynews] 30/7/2023 20:13

"During next commodities bull phase, this chart will start to move big time."https://twitter.com/graddhybpc/status/1654442427690745859?s=20

[fiachra] 30/7/2023 08:12

Quelle surprise

[anynews] 28/7/2023 21:56

Fiachra, I nominate you to attend the Minco AGM in August and to schmooze with Mr Mc Killen and Kearney afterwards to get all the insider info on Buchan's and Can Manganese.. !I won't be able to attend myself.

[anynews] 13/7/2023 10:03

Thanks for the Ibkr recommendation for Cdmn.Unfortunately they don't support trading in Royalties Inc.Any recommendation of a Broker for Royalties?

[bodgit] 03/7/2023 20:56

hxxps://www.mincoexploration.com/news/minco-exploration-plc-publishes-annual-report-and-accounts-2022/

[nicktheglobe] 30/6/2023 13:25

Also IBKR enable you to deal on NEO including CDMN

[fiachra] 30/6/2023 12:25

Open account with Cantor Fitzgerald? They have a presence on American/Canadian Continent

[anynews] 30/6/2023 10:19

My broker Interactive Investor will not let me trade in the German or Canadian listed manganese shares.

[fiachra] 30/6/2023 08:19

Anynews. Why not. Please elaborate. T.I.A.

[anynews] 29/6/2023 21:15

And of course a few hopefulls among us can't buy more shares at these prices with the Brokers we have...

[lendmeafiver] 29/6/2023 15:22

CDMN is volatile at the moment, back up today, waiting for the funding to close.

[marthy] 29/6/2023 04:57

Looks like we are well and truly shafted. Down 70% in just a few days.

[anynews] 16/6/2023 09:26

"Something to tell the Grandkids"!Ya, Manganese and Royalties Inc in the nearer term.

[bodgit] 15/6/2023 15:54

Buchans recent AGM statement gave me no confidence in any possible listing. Looks like these are going into the bottom drawer and staying there for a very long time. Still we do not know why Boliden walked away though it's rather obvious the offering was not attractive enough for them. Hmmmm. None of the gold prospects seem to have found serious orebodies worth mining, or have I missed some news along the way?

CDMN are at the mo trading at or near their year lows so soon after the fundraise. I guess they are years away from actually mining and producing Manganese for EVs etc. My concern is that battery storage technology will have moved on from the current architectures and may have minimal if any Manganese in Cathodes. Time will Tell.

Minco looks like its not going to list anytime soon or even not soon. Gla.