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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Monterrico | MNA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 82.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 82.00 | 82.00 |
| Top Posts |
|---|
Posted at 26/4/2009 20:16 by arf dysg Hey, aspers, this'll sort the long-term investors from the traders! Are you still in this? |
Posted at 14/11/2008 12:13 by weatherman Remember the Mirror share plugging incident - the only one to go to jail was the small private investor. The big boys get away with fines not much greater than their profits. |
Posted at 09/4/2008 09:46 by enamel To bring the mine to production will require huge investment. Who do you think will pay for it? I sense a huge dilution on the horizon. AIM investors cannot expect a free ride. |
Posted at 31/3/2008 10:42 by edmondj Surely the management should know what is going on.There does now appear to be a reason for the slump; are they going to clarify the situation for (potential) investors? |
Posted at 25/3/2008 12:07 by chris1981 Monterrico Metals PLC25 March 2008 Monterrico Metals PLC ('Monterrico' or the 'Company') Statement Re Share Price Movement Monterrico, the AIM listed resources company, has noted the recent fall in its share price. The Company released a Project Update on 12 March and confirms that it is not aware of any undisclosed commercial reason for this share price movement. Enquiries: Monterrico Metals plc Tel: + 44 20 7776 2900 Richard Ralph (Non-Executive Chairman) Susan Connolly (Investor Relations Manager) Ambrian Partners Limited Tel: + 44 20 7634 4711 Tim Goodman |
Posted at 07/8/2007 10:25 by stefield from the AGMMr. Ralph also reiterated that the Company will maintain its AIM listing and also intends to improve the flow of information to investors. i think the chinese obviously have the cash to develop the mine, so should still be worth a lot in the future. its just a question of trust !! |
Posted at 03/5/2007 21:35 by russianrobert Anyone thinks thay are going to make any money from MNA in the short term, i think you are very much mistaken.There is no enviromental impact study yet. The local population are very much against the mine. The government has not approved the project. The copper price needs to remain very firm for the next 3/4 years and the project wont be operational until 2010 was it? The mine is located in the third world and excluding the above ANYTHING can and probably will happen meantime. That's why none of the big boys have stepped in and made a bid. It's too risky. I think investors are forgeting that. BUT if the project manages to negotiate it's way through all this then the shares could start to show their real value if the copper price holds up at some point down the road. Reluctantly, i have sold mine on the 27th. perhaps they will be worth a second look later on. Just my opinion of course. :-) |
Posted at 02/5/2007 14:27 by the_doctor Well, its more a sad reflection on the mining majors.No other bidders came in, so investors cant be blamed. But then, I guess it suggests that they feel they have enough copper from other, more cheaply accessible/ lower investment sources? |
Posted at 19/3/2007 18:27 by russianrobert If this can help anyone else to make up their mind what to do then i post here some information i recieved from my broker re:MNAAnd i quote, "My opinion is that institutional investors will not accept 350p a share so although the first date for the closing of the tender is 26th March, at this stage I do not propose accepting the offer on behalf of any of my clients. Assuming that the Chinese only receive a small amount of acceptances as at the first date then it would seem that they would have to extend the offer or look at increasing their offer to encourage investors to accept in the future. Certainly the company is worth more than 350p a share and I still believe we will see a take over from one of the major mining groups in due course. Clearly there is a risk that the Chinese will walk away and if so the share price will fall back perhaps 300p in the short term but equally I would expect the share price to bounce back upwards again on the basis that another bid would eventually arrive. In summary I would suggest that we do not accept at this stage and await further news". I feel that is good advice and i'll be going with it. Good luck all. |
Posted at 07/3/2007 09:06 by konkel MONTERRICO METALS 351p BUY cash offer 350p, target price 607p Chinese consortium offer for Monterrico MetalsZijin, Tongling and Xiamen presentation of offer to Monterrico shareholders n AIM listing: the consortium have stated a longer term intention to maintain a London listing. We assume that new shares will be placed with investors in support of fund raisings. n Management: the Chinese consortium is looking to retain some of the existing staff, directors and an investor relations function. n Funding: The new company might need to return to shareholders for funds to complete its feasibility study work. Management is also expected to return to shareholders to fund the equity portion of the project construction. n Consortium: The consortium of Zijin, Tongling and Xiamen has access to substantial cash, infrastructure and technical mining expertise. This could result in the rapid development of the Rio Blanco copper project and accelerated value appreciation for stakeholders. n The Rio Blanco project: financing and development should be assured by the acquisition of the company by the Chinese consortium. n New smelter: The Chinese consortium intend to ship copper concentrates from the Rio Blanco project to a new 200,000tpa copper smelter to be located near the coast in China. n Full cash acceptance: this is our least favoured option as we see significant longer term upside for shareholders who elect to stay with Monterrico Metals shares. n Partial acceptance: the scale back option will apply to shares tendered to the consortium. n Full acceptance: of the offer could result in some shares still being retained through the scale back facility if more than 70% of shares are tendered by shareholders. n Conclusion: shareholders can elect to remain shareholders and appreciate the value creation which we believe should result from the construction of the Rio Blanco project. n Acceptances need to be tendered to the registrars by 1.00pm on 26 March. It is possible that an alternative and higher bid could be received prior to this deadline. |
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