Minera Share Discussion Threads

[haydock] 30/7/2014 11:49

This is all beginning to add up now.

When we have the 2 mines running & the cash beginning to become positive it will be interesting to see how Mirl makes the next moves.

They used to be into a little M&A in the HIF days.There are certainly plenty of tasty opportunities out there.

[neudarian] 30/7/2014 11:28

I agree. It's no use hanging on to assets hoping that they will eventually realise what they 'should' be worth. In this climate utilising the current cash value is, as Boadicea says, of more use to mirl, and also demonstrates to the markets that this Company is not for standing still - it intends going places.

[rescuer] 30/7/2014 09:20

that's the funding gap plugged for working capital.

Just the wait now.

[haydock] 30/7/2014 08:48

Mixed feelings I came in with the Hidefield purchase.
However in this climate, good small goldfields are not difficult to pick up in S.A.
Time to move on, needs must etc.

[boadicea] 30/7/2014 08:43

It brings in some cash which is currently more important than the bottom line effect of what looks to me like a write-off of $32.2m ($43.7m - $11.5m) on the asset, which was arguably overvalued for historic reasons and which would have brought in little (if any) positive cash flow in early years due to the financing terms.

There are plenty of competing objects for use of the cash in addition to the obvious and patiently imperative Ollachea project. Foremost among these is a further investigation of the Cerro Rojo bonanza vein strike about half a mile from the existing operation at Corihuarmi and the two new low grade but potentially profitable bulk pits (Laura and Cayhua Ridge) in prospect there. I await further news and value assessment of these with considerable interest.

[neudarian] 30/7/2014 08:10

As good a time as any to be reducing one's involvement in Argentina!

[greenrookie] 30/7/2014 07:38

hazl - and it just gets better, nice RNS today ;)

[hazl] 28/7/2014 08:45

A GOOD START to the week!

[russman] 21/7/2014 17:09

Bonanza-Grades.

[deanroberthunt] 21/7/2014 13:04

bid and offer are unchanged.

[shavian] 21/7/2014 12:04

Sounds like you could dig out Cerro Rojo with a spade! Great news from MIRL today along with my other holdings at Goldstone and Stratex

[haydock] 21/7/2014 08:48

When it comes to sheer hard graft over the last few years this BOD has never faltered,
They deserve a better future & as the mkt changes this should be a good prospect.

They have grafted hard, & hopefully will have that better future when they finally develop the flagship prospect: Ollachea.
In the meantime they have proved once again they will keep up the hard graft,

[hazl] 21/7/2014 07:50

yes a few NSA but mostly as you say encouraging

[boadicea] 21/7/2014 07:37

Today's news is most encouraging.
I have previously commented on the continued possibility that Corihuarmi will provide a subsistence path for MIRL to remain in tick-over mode until the financial path for Ollachea becomes clearer. This latest news opens up the prospect of a rather better future than that.
We now need an estimate of how much additional capital input may be required to exploit a revitalised Corihuarmi operation - with a distinct expectation that it will be comparatively modest.

One particular question will be whether the rich new vein at Cerro Rojo is amenable to a simple, low cost processing treatment, which may not necessarily be the case.

[hazl] 14/7/2014 11:46

Yes know what you mean.....I will give anything a chance!
Interestingly, if you strip out the astrology, the article is very well informed I have found, and it can be taken as just another financial resource.

imo

[shavian] 13/7/2014 23:37

Geocosmics, eh? New one on me, but he seemed to be on the ball when the market turned with the year end, or is it just the 20:20 vision of hindsight? I'll stick to the fundamentals, which just happen to be pointing in the same direction. :0)

[hazl] 13/7/2014 21:38

with any luck there will continue to be interest in the miners....particularly

MIRL next week.

[hazl] 10/7/2014 19:23

Advancing 361 17%
Declining 847 40%
Unchanged 935 43%


well done mirl not many advancing today

[hazl] 10/7/2014 08:26

Article Telegraph Tuesday

'Miners could join banks to determine gold fix'

negotiations concluded that bodies, extra to those already in place, were

needed to determine the gold fix.

May be difficult to implement I would have thought but at least they are talking about it.

Following Summit at the W G C Monday.

[boadicea] 09/7/2014 19:14

"... running out of ammo....": I doubt that - the ammo they use is only paper ink pellets.
I think they vary the colour of the ink to keep the market guessing and generally unsettled.
I agree it will be very revealing when the veneer is eventually peeled off but at the moment it does not suit anyone of any importance to declare that the King has no clothes.

[shavian] 09/7/2014 18:23

Maybe, and an interestingly mild knock-back at the 3pm gold price 'fix' (well-named). The manipulators are desperate to keep POG from breaking out above $1325. Could it be a sign they are running out of ammo? The coming days could be revealing.

[deanroberthunt] 09/7/2014 11:54

Next leg up?

[dogberry202000] 05/7/2014 12:08

Interesting images. Someone should tell whoever controls the investments of The Church of England to ditch WONGA and give MIRL a go! LOL!