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On the off chance anyone still checks this forum, what are the odds of Los Cerros Mining (formerly Metminco) returning to AIM? I lost thousands to this bunch of crooks and seemingly a return to AIM would be the only chance to sell wherever remnance I hold. I occasionally check in on the Hot copper forum and its same old doom and gloom so I can't see a move back to AIM anytime soon Thoughts?
MNC HAS CHANGE ITS NAME TO LOS CERROS ticker LCL ON ASX lots of news this month... if no one knows yet...
but the same old MNC as far as I can see , drill result sound good, but funding always follow
pumping up the shares in issue as fast as they can... with a new set of investors... WTF...
https://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=LCL&timeframe=D&period=M6
have a look and see what you think...
ATB stay safe
308
Adz, your post from a couple of weeks ago
technical Target now £23.50. Let’s see how quick we get there
So positive if it suits your long position and then once you’ve slapped your short on its endless negative postings.
Yawn
Anyone still in this game, I have participated in the placement, very positive about the andes merger and Chuscal drill. I have spoken to Kevin.
All looking good here now, expect money back and profit and I need 5 bags to break even
interesting'''
https://www.proactiveinvestors.co.uk/companies/news/214080/metminco-progressing-well-with-work-on-miraflores-and-wider-exploration-portfolio-214080.html
not.showing.the.price.trading.at.yet.on.ASX..??.got.$000.strange''
YES.FORPLAY''...got.some.news.from.my.broker.that.my.holding
will.be.sold.and.at.some.point.and.return.to.my.account..that's.good.news''
was.not.expecting.anything.back...they.never.say.what.price.i.will.get.per.share
it.was.suspended.at.0.34p.i.think''
but.all.is.not.loss..check.with.your.broker...
REGARDS
I really feel 'Mugged off' by this firm. I purchased and held 4,001.0000 (4M) shares for several years and of course they have gone down in value. because this Company has chose a strategy to delist from the LSE and move this over to Australia stock exchange. So, you only lose money like this once sold. The Company has forced this and twisted our arm without any offer to compensat us.. 'The Shareholder(s)' It is not clear why they have delisted, and can only think that a lot of negative shareholder funds are somehow going to benefit this firm. I accept that they have acted in accordance with the FSA rules. but this firm has gone against the sprit of all those that have invested in this firm.
I will watch this company with interest to see what happens next.
i wonder if they will come back to AIM now that they have got $550k from share issue and $2.5mill from
rights issue… recently… unless that has not been approved yet… that's enough funding to last 18 month…
or will the bod just say nothing.. and disappear with $3mill in there pocket never to be seen again.. who knows
with this lot….HELP….
RNS OUT from GUN today saying MNC is not going to buy sunshine mineral anymore…
i wonder what is going to happen now…. will we get an RNS explanation ….
So what happens to unsold AIM share? I mean mine are worth two fifths of bugger all (99% loss) but just curious.
WHAT DOES THIS MEAN?
Stock: METMINCO LIMITED
Event Type: De-Listing
Description: Delisting
Effective date: 17th October 2018
Market affected: AIM
Trading restrictions: The last day we will be supporting trading will be 12th October 2018
Metminco Limited has announced its intention to cancel its listing of Ordinary shares from trading on AIM. This is expected to become effective on 17th October 2018 at 7.00am.
As the stock will continue to be listed on the Australian Stock Exchange, we will arrange a cross border of your shares to this market. This will be initiated after 17th October 2018 which is the final day we will be supporting trading in the stock.
Crest Personal Member Accounts
Unfortunately the option to cross border is unavailable for CPM accounts, you have the option to sell your shares or alternatively you may be issued with a share certificate by the company registrars.
All those millions of dollars frittered away into someone's pension pot. No wonder the crook didn't want to meet the UK shareholders. They may manage to turn your gold into nickels if you are lucky but I doubt it.
I got out at a loss ages ago and really feel for those of you that are left in this.
Their you go shafted for the last time on AIM. Waltz sing matillda 🙄
Probably buying more biscuits for the fat cats
Understand what you've said cheesy, but MNC has gone from bad to worse. I remember circa 6 months ago the MC was very different. Potential of this has lost spark. EUZ went from what was bad at FCR and has massive potential. Daily interest is growing and with the scope on the way EUZ will rocket. It helped with the management providing information on the cross drilling. Here at MNC it looks like the asset is not valued anywhere near as much. 2- 3 billion in the ground at Toral is what's attracting investors along with the management turnaround.
This was hugely undervalued with Miraflores feasibility alone NPV 72m. These results make it even more so, I mean come on - TS-DH-07 Recently drilled 253.1m @ 1.01 g/t Au, 0.87 g/t Ag & 0.07% Cu
Plus the JV being worked on with Anglo for Chuscal which likely has tens of millions of ounces (the above two will likely have a million between them, Tes + Mir)
The issue as always is funding, if this co had circa 20m cash to put this all into play it would be work 150m+ instantly.
Nick Winter came to us, as he wanted to be involved, he worked on Chuscal at Anglo and knows what is likely to be there.
I know we have all suffered and Los Calatos was sold for a joke in the end but we now have Kevin Wilson in charge and Nick Winter on board. This company is a different prospect all together.
DYOR, GLA
.............EUZ is the one. Have a fantastic asset and scope fairly imminent.
MNC is a disaster after disaster. Looking at the 52 week high of MNC looks like it has a poor management.
EUZ is massively undervalued.
More Life style company crap I don`t even need to read the RNS going off past bullshi-
Good news this morning on the latest drilling results. Plus we have additional targets at Chuscal and Dosquebrados, all within a potential radius of operation for a centralised plant."
Unfortunately I'm invested in both, £25k worth about £2.5k across my 4 AIM stocks. Thankfully moved on to greener pastures and make money elsewhere. There's almost no point being a LTH with any of these shares as you'll get shafted at some point. Still read the comments from time to time, don't understand why they're so bouyant in AUS about MNC, don't see it myself.
Just saw today's RNS. Managed to get out of this pile with a small profit on the spike a few years back. The management are an absolute DISGRACE here. The worst I have ever seen on AIM alongside Jan Nelson at XTR. Atrocious. I would vote against anything those idiots recommend!
I have been away from MNC for quite some time. My investment of around £25k is now worth about £200. If I hadn't made this up on other stocks I would be quite upset about this. Having not looked at any news for many months does one of the LTHs here (I can see some familiar names) have a few words to suggest if there is any hope whatsoever in regaining a fraction of my original investment?
Another one of those 'We are pleased to announce that the value of you shareholding will collapse by 30% today". Can this be worth minus money? What junk this is. The SP has fallen dramatically and with regularity over the last five years since los calatos was 'of national interest. Remember that one?