Minco Share Discussion Threads

[fiachra] 07/10/2023 13:22

The reaction in Canada was for the share price to go down further.

[bageo] 06/10/2023 21:09

ouch those terms are poor
I guess holders could choose to convert but if they wait for the company to do it ....
sold at 4% discount to headline i.e $960 per $1000 nominal
interest at a rate of 14% per annum
on the Maturity Date upon payment of a fee in the amount 21% of the principal amount together with interest

so from a hold of 2 years

$960 = $1000 + $140 x 2 + $210 = so receiving $960 will cost $1490 in 2 years time.

[anynews] 06/10/2023 15:47

CDMN $5m Funds Raised as planned convertible at .33c in 2 years.https://www.newsfilecorp.com/release/183139

[bodgit] 03/10/2023 21:55

hxxps://www.mincoexploration.com/news/minco-exploration-plc-publishes-interim-report-2023/

[fiachra] 26/9/2023 11:45

Anynews. Thank you. I hope Mr Allas does well in Europe today and tomorrow.

[anynews] 25/9/2023 17:25

CDMN https://www.newsfilecorp.com/release/181807

[fiachra] 18/9/2023 14:33

Anyone. Why is cdmn so weak?

[fiachra] 15/9/2023 10:49

anynews. An explicit summation. Sixty years of history in four sentences . Many Thanks.

[anynews] 14/9/2023 19:27

There was a market for Resource stocks in the past when People bought shares over the phone through Brokers and we're cajoled into Resource stocks which created a market for them. Now people buy shares on their Computers and buy Tech stocks and Crypto currencies - There is no market or new money for Resource stocks.The genesis of what he is saying is that when Resource stocks start multiplying in value the punters will jump back in .. Now what drives the initial multiplying in value he doesn't know.. Mineral prices, mines expiring etc.

[fiachra] 14/9/2023 08:39

Anynews. Please synopsise.

[fiachra] 14/9/2023 08:39

Anynews. Please synopsise. I can’t open.TIA.

[anynews] 14/9/2023 05:16

An opinion on Junior resource stocks underperformance...https://youtu.be/ZDdi4TRZhAY?feature=shared

[fiachra] 28/8/2023 13:11

anynews. Thanks. I hope cdmn raise the 5million next month.

[anynews] 27/8/2023 17:04

Sedar was a handy official website where you could read any of the Canadian Companies news releases.Well now you can't because they've screwed it up with Sedar+.

[fiachra] 26/8/2023 21:32

anynews. Why is this. Of interest?

[anynews] 26/8/2023 12:32

Anyone who used to use the reliable Canadian Sedar Company news service will know about this..'Chaos': Vancouver investors slam Canada's new company filing system SEDAR+https://biv.com/article/2023/08/chaos-vancouver-investors-slam-canadas-new-company-filing-system-sedar

[fiachra] 24/8/2023 11:20

Anynews. Thanks

[anynews] 23/8/2023 21:02

Re CDMN- Hope the drill results were good. Manganese not exciting the market yet- but what is ! Euro Manganese down 43% ytd, Manganese X down 55% ytd, Cdmn down 60% ytd The Company had a working capital deficit of $2,872,509 at June 30, 2023. The Company is pursuing various financing alternatives to fund its working capital deficit and its continuing operations.With reference to the proposed financing previously announced on May 16, 2023, the Company continues in negotiations to complete the proposed non-brokered convertible debenture of $5 million. Closing has been delayed by market conditions but is expected to be completed in the third quarter. However, there are no assurances that the Company will be successful in completing such a planned financing. The company has decided to defer the previously announced proposed flow through financing to the usual flow through season towards the end of the year, when market conditions for flow through financings are expected to be more favourable.

[anynews] 23/8/2023 20:49

Re Minco - They're more or less telling us that they want to diversify away from green field exploration because of the demanding licence commitments, red tape, public resistance and difficulty financing this model. Best of luck to them."Given our corporate relationship with a mining equipment and international-recognized mining services provider we consider that, while maintaining our interest in the blue-sky potential of our exploration portfolio, a future focus on advanced project opportunities that could be fast-tracked through pre-feasibility and onwards to production might offer another attractive option for our shareholders.We have reviewed a number of such opportunities and will continue to do so in the current year.We will continue on this path and hope to be able to report progress on this initiative in the coming months.We thank you for your continued support."

[fiachra] 23/8/2023 08:08

Especially re cdmn

[fiachra] 23/8/2023 08:07

Anynews. Could you please summarise what you have referred to above. Perhaps I should say elaborate as I can’t open the link

[anynews] 22/8/2023 22:56

Thanks for the updates Bodgit.I liked the honesty of Minco's Agm statement; it pretty much sums up grass roots exploration currently. The last paragraph is intrigueing and indicates that they are not prepared to sit on their hands and wait this out.Disappointing about Canadian manganese financing; seems amateur to be dictating terms in Rns before deal done? Hope the drill results are good.

[bodgit] 22/8/2023 20:35

Nothing obvious to get excited about in the AGM reports. It is not looking promising. Gla.

hxxps://www.mincoexploration.com/news/annual-meeting-of-shareholders-and-update-on-exploration-activities-2/

[bodgit] 15/8/2023 14:55

Sorry to be the bearer of bad news..... Gla

Canadian Manganese Reports Second Quarter 2023 Results

Toronto, Ontario--(Newsfile Corp. - August 15, 2023) - Canadian Manganese Company Inc. (NEO: CDMN) (OTC Pink: CDMNF) ("CDMN" or the "Company") reports its financial results for the second quarter ended June 30, 2023.

This news release should be read in conjunction with the Company's condensed interim consolidated financial statements and associated management's discussion and analysis for the three and six months ended June 30, 2023, which are available on the Company's website at www.CanadianManganese.com or under the Company's profile at www.sedar.com.

FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023

During the second quarter of 2023 the Company continued its focus of advancing the Woodstock manganese project, which includes the adjacent Plymouth and Hartford deposits, near Woodstock, New Brunswick.

The Company recorded a loss of $454,592 during the second quarter, compared to a loss of $615,316 in the second quarter of 2022. The loss in the second quarter of 2023 included non-cash share based compensation of $24,241, whereas the loss in the second quarter of 2022 included non-cash share based compensation of $187,705 and $177,155 of other income from the reversal of flow-through share premium.

The Company invested $1,200,147 in exploration and evaluation activities during the second quarter of 2023, including the completion of a diamond drilling program on the North Hartford deposit.

At June 30, 2023, the Company held exploration and evaluation assets with a carrying value of $16,763,599, including the Woodstock manganese project in New Brunswick with a carrying value of $9,753,155, and subsidiary Mongoose's Cobequid IOCG property in Nova Scotia with a carrying value of $7,010,443 (before a 59.5% non-controlling interest).

The Company had a working capital deficit of $2,872,509 at June 30, 2023. The Company is pursuing various financing alternatives to fund its working capital deficit and its continuing operations.

With reference to the proposed financing previously announced on May 16, 2023, the Company continues in negotiations to complete the proposed non-brokered convertible debenture of $5 million. Closing has been delayed by market conditions but is expected to be completed in the third quarter. However, there are no assurances that the Company will be successful in completing such a planned financing. The company has decided to defer the previously announced proposed flow through financing to the usual flow through season towards the end of the year, when market conditions for flow through financings are expected to be more favourable.

If the Company is unable to obtain adequate additional financing or liquidity in the immediate term, the Company will be required to curtail its operations and activities. Failure to continue as a going concern would require that the Company's assets and liabilities be restated on a liquidation basis, which may differ from the going concern basis.

[anynews] 02/8/2023 17:30

Yes it looks that way and Flow through allows the person/Company giving the funds to write off the financial amount against their own taxes as per the Canadian initiave to support Exploration Companies.Interest is paid two times per year in arrears by Shares if the Company doesn't want to pay cash.