Monterrico Metals Share Discussion Threads

[aspers] 09/4/2008 07:24

Chesty....yes I agree, always take a profit whilst it is a profit!!!

[chesty1] 09/4/2008 07:18

depends if you got in at the bottom aspers....but yes todays news is prompting some profit takin & well done to those. Thats what were all here for at the end of the day.

[aspers] 09/4/2008 07:16

Looks like the parties over!!!!

[edmondj] 09/4/2008 07:13

Fair point.

[edmondj] 09/4/2008 07:12

That said, with hindsight I should have had a trailing stop on GCM to lock in gains.

Would never have done so well from oil though, continuous 30% volatility in the E&P stocks over recent years.

[chesty1] 09/4/2008 07:12

I just wanted to make sure I didn't lose out too much on my purchase yesterday at £1.90p....

The ones from £1.16p £1.17p & again at £1.18p are safe & running the course with no stop.

[lowso] 09/4/2008 07:10

Dropping a few to take the profit. Get back in after looking at the play

[edmondj] 09/4/2008 07:10

Surely you are going to get stopped out too often with a stock like this; is it really the best policy?

[chesty1] 09/4/2008 07:08

Just got stopped out on a few & gonna let the funds from below £1.20p run.

[chesty1] 09/4/2008 07:03

Mornin all

£1.93p - £1.88p at the mo.

Be lucky to all & lets see how the day pans out.

[aspers] 09/4/2008 07:00

Back to 170 today then???

[edmondj] 09/4/2008 06:56

They also seem to be 'doing a GCM' in diversifying should obstacles remain around the main project:

Besides pressing forward with the Rio Blanco Project - our most important asset
- the company is also committed on expanding through the development of other
projects in Latin America, and by making further acquisitions. This is an area
on which shareholders can expect to hear more during the coming year.

[edmondj] 09/4/2008 06:51

Seems to be the moot point of the project: whether land access gained; whether the locals will capitulate to a pay-off!

[stefield] 09/4/2008 06:29

edmond,
i think this will go a long way to securing permits and access

TRUST FUNDS FOR THE COMMUNITIES

To address the very common concern that local communities tend not to benefit
sufficiently from mining, in August 2007, we announced our offer to establish
voluntary Trust Funds totalling US$80 million for the two Communities closest to
the Rio Blanco site. These Funds are to be used by them for community
development projects of their choice. The Funds will be accumulated over the
mine life and will be in addition to the share of revenue that these
communities will receive from taxes and royalties remitted to them by the State,
once Rio Blanco enters production.

[lowso] 09/4/2008 06:27

Back up we go then???

[stefield] 09/4/2008 06:24

results out.
not much but seem pretty confident on the future
other projects as well as rio blanco

[edmondj] 09/4/2008 06:14

"Assuming that we have all necessary community permits for land access"

Hmm!

[edmondj] 09/4/2008 06:11

One key issue arising




IMPACT ON PROJECT TIME LINE

The decision to embark on a Trade-off study, with a very probable change in
Project design, will have a significant impact on the Project timetable. It is
anticipated that the trade off study will be completed in the second half of
2008, when a revised timetable for the Project will be announced.



However, in the meantime, this is broadly the time line we expect: Following
conclusion of the Trade-off study, we anticipate it will take approximately 12
months, to mid-late 2009, to take the new engineering designs to feasibility
level, with cost estimates of +/-10%. Whilst this work is being undertaken, the
environmental and social baseline work will be updated as necessary to complete
the ESIA in accordance with the new Project design. Assuming that we have all
necessary community permits for land access, this would allow us to submit the
ESIA in mid to late 2009 with approvals following after 6 months and then
commence construction.

[lowso] 09/4/2008 05:41

Hope for positive push this morning. Expecting to get it. Hope you all go well.

[chesty1] 08/4/2008 16:56

Nice strong close & will surely attack £2+ tomorrow.

I hope so & happyto be holding here.

Be lucky to all & catch ya all in the morning.

[aspers] 08/4/2008 15:50

Hi Arf...looks like it, something not right I feel, that said i guess we saw the best of the run last year, dipped my toe in 2 weeks back and got burnt so happy to watch from the touch line and see these nice folk make a nice profit!!

[lowso] 08/4/2008 14:10

186 190, spread closing......187 193, tick up

[arf dysg] 08/4/2008 13:54

Hello, there, aspers, I see there's still quite a party going on here.

[ali00] 08/4/2008 13:44

Top up before tomorrow guys!