Mincorp Share Discussion Threads

[audereestfacere] 11/3/2008 11:33

Here's the good news,ATPK up 23.5%. Must be the rumours of a JV with a multi-national,such as MOP.

[audereestfacere] 10/3/2008 16:56

MOP restored, but it's the same coal song!

[maxbubble] 10/3/2008 12:15

after messing up the accounts maybe they will put out some good news that JV has been completed along with suspension being lifted.

[audereestfacere] 05/3/2008 15:59

The accounts state that MOP is running short of working capital,so will either have to realise its investment in ATPK or seek additional funding.What's become of the placing that MOP recently announced?

[macansy77] 04/3/2008 22:24

what a surprise...!

[audereestfacere] 04/3/2008 15:41

Anybody read the announcement about the suspension? MOP can't even apply the correct accounting procedures.

[maxbubble] 04/3/2008 12:38

I'm sure Cadig will get sorted - probably issue a bundle of shares and that will keep them happy - maybe that was part of the deal all along.

[audereestfacere] 04/3/2008 11:35

I can't see that MOP has much in the way of resources to value - title to Cadig is unproven and Waverley's results are still unknown 8 to 9 months after its last drilling. Although not a resource,as such,ATPK is easy to value.

I don't think delays are beneficial,as had MOP been producing it could have taken advantage of the higher metal prices and, consequently, the share price would have been far better.

[maxbubble] 04/3/2008 11:06

with the value of metals and coal rising all the time - then the finance needed for production should be able to be raised at a higher price even with rising production costs which should mean less dilution for existing shareholders - so sometimes a delay is worth the wait. Also the last year has been difficult for small explorers in terms of valuation for their resource.

[audereestfacere] 04/3/2008 10:59

The delay sorting out Mt.Cadig is a real indictment of the ever changing management, Bonaventure's claim was rejected by the court nearly 16 months ago. Only now are they seeking specialist legal advice. Waverley was drilled in June/July last year and,yet again,specialists have only just been employed to evaluate the find.
I have to agree with topvest,there has been a lot of talk and little action to date.

[topvest] 04/3/2008 08:52

Read the interims more thoroughly and it looks like we are reasonably close to getting a coal asset. They will need to raise some funds at the same time. Only downside is that they are still talking about it, rather than having delivered!

[macansy77] 04/3/2008 00:01

think coal will come before nickel ;-)

will see if I can find out what form of fund-raising it'll be and whether we can get a shot at it...

[maxbubble] 03/3/2008 21:49

i think we have the prospect of early cashflow from both coal and nickel if they can get mt cadig up and running -maybe we will in turn get some chinese customers and investors

[topvest] 03/3/2008 20:45

Nothing in the interims to set this alight, but we need to give them time I suppose....lots of it probably!

[audereestfacere] 03/3/2008 12:01

If you want to participate in the fund raising, why not contact the company and its nomad? It's all about to happen at MOP again, but this time it could be real.

[bsg] 03/3/2008 11:30

max, agree but the new crowd will want to get in lower than anyone else.

[maxbubble] 03/3/2008 11:05

probably not - but .5p seems will dilute everyone who has invested and we have some valuable assets so i would not be happy at that price but time will tell.

[bsg] 03/3/2008 10:58

max, do you really think thats likely 2p+. I would say .5p is more likely.

[maxbubble] 03/3/2008 10:52

not much liquidity here so a bit of good news and price will likely jump up pretty quickly - still hoping they will raise new money at 2p +

[macansy77] 03/3/2008 10:47

hopefully will get news soon on those African and Aussie interests too - ATPK jv is good news though...

[maxbubble] 03/3/2008 10:45

JV due to be announced before the end of March - so not long to wait for news which they say will transform the company. Whoever would have thought that coal would ever be back in demand and hot stuff.

[maxbubble] 03/3/2008 07:41

Seems like its going to be a busy year - interesting times ahead.

[audereestfacere] 26/2/2008 12:03

Mac - Thanks for the info.,Cadig what's that?

MOP's potential is the best kept secret on AIM and possibly in the whole wide world of investment.

[maxbubble] 26/2/2008 09:11

Its amazing how all the juniors are holding back news - must be all building up for some reason! Positive news not welcome on AIM at the moment.