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MIO Miotal Plc

2.65
0.00 (0.00%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Miotal Plc LSE:MIO London Ordinary Share GB00BMWKKL25 ORD GBP0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 2.65 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.65 GBX

Miotal (MIO) Latest News

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Miotal (MIO) Discussions and Chat

Miotal Forums and Chat

Date Time Title Posts
05/12/202411:26Buchans Resources - formerly Minco1,388
16/11/202117:53Minco - Irish Zinc and Mexican Silver6,535
02/12/201508:26There is ZINC in them thar Pennines!!!1,862
21/10/201422:44MIO - The Utterly Free Speech Thread30
23/4/201416:30Minco shareholders lost 90% of value15

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Posted at 17/11/2024 17:01 by bodgit
Thanks bageo for the Michael Gentile discussion link. My confidence has increased somewhat and here's hoping the share price does too... Gla.
Posted at 16/9/2024 21:02 by djb3
nicktheglobe27 Aug '24 - 18:55 - 1370 of 1372
0 0 0
Have investors with II received their CTM shares? Mine are not credited yet.

I have Nick tried to move them to AJBELL but Halifax are saying there's a block on them as there's a share shortage which makes no sense to me when they were recently distributed. Apparently earliest will be December and meanwhile they're still being traded in Canada.
Posted at 30/8/2024 12:37 by anynews
That's sad the news of Danesh Varma's death.
It's misfortunate that Danesh never got to see the results of his stewardship of the different Companies, such were the horrible market for resource stocks.
From my recollection he put some of his Family's money into Minco when he joined the board. I would give him a lot of credit for never having diluted our share holdings too much.
I always thought of him as the youngest of the directors.
It says here he was only 69 years old.
RIP Danesh Varma.
Posted at 01/8/2024 17:14 by anynews
Cdmn have risen to 2c from 1.5c earlier to buy @ a mkt Cap of <$2mil.

Somebody wants to sell so the marker makers give them a price.

I couldn't resist not buying @ 1.5c if only for the bragging rights in time to come.

Scoop and hold IMHO.

Dyor.
Posted at 22/7/2024 20:31 by anynews
In response to my own question.

One of the more recent mine approvals in New Brunswick was for a huge open pit Tungsten etc mine called the "Sisson mine"
See the Screeshots below for the EIA time line.
This was for a 300 + metre deep mine plus enormous Tailings pond.

Canadian Manganese deposits -Plymoth & 2 Hartford deposits are separated by the river Meduxnekeag!

So over the life of the mine it will need at least two deep open pit mines + possibly only one Tailings pond!

Given they were keen to drill Hartford last year + this they must be going to include it in the EIA.

That EIA will be a good read.

Interestingly the Sisson mine has not been developed partly due to it being low grade and the huge initial capex of over $700 million! -> See screenshot of Company Northcliff Res share price
Posted at 12/7/2024 13:48 by bodgit
fiachra, key questions to which I have no answers. I certainly hope the price improves and that goes for CDMN too. No idea when we are going to receive Royalties Inc shares though they look like penny plays. Good luck to all shareholders here and we need that.
Posted at 12/7/2024 11:10 by bodgit
fiachra, extract below from the recent Buchans note answers your question I trust.

Buchans Resources Limited (the “Company”; or “Buchans”;) is pleased to report the distribution to Buchans shareholders of 113,243,613 common shares (“Canterra Shares”) of Canterra Minerals Corporation (“CanterraR21;) (TSXV:CTM; OTCQB:CTMCF) on June 28, 2024 (the “Distribution&#8221;) at a ratio of 1.75 Canterra Shares for each common share of Buchans held as of March 28, 2024. The effective price of the Canterra Shares distributed was $0.055, based on the closing price of the Canterra Shares on June 27, 2024.
Posted at 10/5/2024 06:07 by bodgit
Buchans Resources Limited (the “Company”; or “Buchans”;), a Canadian mineral exploration and development company, reports that it held its Annual and Special Meeting of shareholders today in Toronto.

John F. Kearney, Chairman and Chief Executive Officer, provided shareholders with a review of the current position and outlook for the Company.

“In December 2023, Buchans sold our mineral exploration properties, located in Newfoundland, to Canterra Minerals Corporation, for shares of Canterra.

That represented a total value of $11.5 million. That is equivalent to 18 cents per share of Buchans.

For the year ended December 31, 2023, Buchans recorded income of $5.6 million, and ended the year with a working capital surplus of $15 million.

As previously reported, Buchans intends to distribute at least 67% of the Canterra shares to Buchans shareholders. That was the purpose of the special resolution to reduce the stated capital, which was passed at the meeting today. so that we can make that distribution on a tax efficient basis.

We plan to make the distribution during the second quarter of 2024.

It is important to note that Buchans shareholders will retain their shareholding in Buchans, which will continue to hold our, long overlooked, but promising, nickel copper cobalt, and gold exploration assets, in Labrador.

Our South Voisey’s Bay project has high-priority, drill-ready, targets in a confirmed, Voisey’s Bay style, environment, while our Tasiuyak Gold Project is believed to represent an orogenic, iron formation-hosted, gold environment, comparable to the renowned, former Homestake, gold mine, in South Dakota.”

At the same time, shareholders will continue to participate, indirectly, in ongoing exploration in the Buchans camp, in Newfoundland, through holding the shares of Canterra, which will be distributed.”


ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

We are pleased to report that Buchans’ shareholders passed a special resolution to approve the distribution of Canterra shares to Buchans shareholders. Further information on the Distribution will be disclosed in due course, but it is expected that the Distribution will take place in the second quarter of 2024.

We now intend to distribute (the “Distribution&#8221;) the majority of the Canterra Shares underlying the Consideration Warrants received from the Canterra Transaction (the “Distributed Shares”) that we currently hold to our shareholders. We intend to effect the Distribution as a return-of-capital, which we believe is the most tax efficient manner of effecting the Distribution.

As described further in the Circular, we intend to retain a shareholding of Canterra Shares valued at approximately $3 million to fund our nickel, copper, cobalt and gold exploration assets in Labrador and general working capital, with the goal of advancing these long overlooked but promising assets over the next 2 years, and to provide ongoing working capital for the Company.


ELECTION OF DIRECTORS AT AGM

All of the nominees for re-election as director were re-elected, to serve until the next annual general meeting of shareholders. The results were as follows:

Director For Withhold
John F. Kearney 11,307,120 3,177
Patrick Downey 11,307,120 3,177
Terence McKillen 11,307,120 3,177
Peter McParland 11,307,120 3,177
Michael Power 11,307,120 3,177
Danesh Varma 11,289,774 20,523

RE-APPOINTMENT OF AUDITOR

McGovern Hurley LLP Chartered Professional Accountants were re-appointed as auditor for the current year and the directors were authorized to fix the remuneration of the auditor with 11,348,885 shares voted in favour and 2,354 shares withheld.


APPROVAL OF STATED CAPITAL REDUCTION AND RETURN OF CAPITAL

Shareholders approved the reduction of the stated capital account, for the purpose of distributing shares of Canterra Minerals Corporation to Buchans shareholders with 11,302,743 shares voted in favour and 7,554 shares against.

Click here to download a copy of this News Release (PDF).
Posted at 06/4/2024 08:57 by bageo
Cheers - reading the circular:

Based on the foregoing and the recent range of share prices of Canterra and Royalties, the Company currently expects that holders of Buchans Shares as of the close of business on the record date (the “Distribution Record Date”) for holders of Buchans Shares will be entitled to a distribution of Distributed Shares (the “Distribution&#8221;) comprising between 1.5 and 2.0 Canterra Shares and 0.5 Royalties Shares per Buchans Share.

Royalties Inc $C0.035 (listed on website not sure what real price is with low volumes) I'm assuming no value after broker fees
Canterra $C0.08

so about C12-16 cents + remaining Buchans shares
Posted at 01/8/2023 13:58 by anynews
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.
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