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Metminco Share Price (MNC)



Share Price Information for Metminco (MNC)


Share Price: 0.20Bid: 0.19Ask: 0.21Change: 0.00 (0.00%)No Movement on Metminco
Spread: 0.02Spread as %: 10.53%Open: 0.20High: 0.20Low: 0.20Yesterday’s Close: 0.20

Metminco Limited Ord Npv

Metminco is listed in the FTSE AIM All-Share
Metminco is part of the Mining sector






Share Price SpacerPrice
0.20

Share Price SpacerBid
0.19

Share Price SpacerAsk
0.21

Share Price SpacerChange
0%0.00

Share Price SpacerVolume
2,534,569

Share Price SpacerOpen
0.20

Share Price SpacerHigh
0.20

Share Price SpacerLow
0.20

Share Price SpacerClose
0.20

Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX AU 2,661.49m £5.32m 300,000

52 Week High 1.08 52 Week High Date 3-SEP-2014
52 Week Low 0.19 52 Week Low Date 8-JUL-2015

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
4 1,554,134 980,435 -0.528 -0.38 0.00 0.00




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

28-Aug-15
16:18:04
0.197
1,527,388
Sell* 
0.19
0.21
3,009
Trade Type:
Ordinary

28-Aug-15
16:15:12
0.207
720,315
Buy* 
0.19
0.21
1,491
Trade Type:
Ordinary

28-Aug-15
13:08:35
0.208
260,120
Buy* 
0.19
0.21
541.05
Trade Type:
Ordinary
Bargain conditions apply


*Buys and Sells are calculated on the difference between the trade price and the current mid price. As such, they can occasionally be incorrect.

View more Metminco trades >>

Directors Deals for Metminco (MNC)
Trade DateActionNotifierPriceCurrencyAmountHolding
29-Jun-15Notification of Holding
Trade Notifier Information for Metminco Ltd.
Timothy P Read held the position of Chairman at Metminco Ltd. at the time of this trade.
 Timothy P Read
0021157692
29-Jun-15Buy
Trade Notifier Information for Metminco Ltd.
William Howe held the position of Managing Director at Metminco Ltd. at the time of this trade.
 William Howe
0.01AUD500,000111974933
29-Jun-15Notification of Holding
Trade Notifier Information for Metminco Ltd.
Francisco Vergara-Irarrazaval held the position of Non-Executive Director at Metminco Ltd. at the time of this trade.
 Francisco Vergara-Irarrazaval
0060140000
View more Metminco directors dealings >>

Date/Time
Author
Subject
Share Price
Opinion
Fri 22:25
cantremember2
Big Companies Pan - MNC Awaits
0.20
Buy

http://www.azcentral.com/story/money/business/economy/2015/08/28/asarco-shutting-hayden-smelter-slowing-ray-mining/71327902/ Copper-mining giant Asarco said Friday it was shutting down operations at its Hayden smelter and slowing production at a nearby mine to cut costs amid falling global markets. The company, which is owned by Grupo Mexico SAB, is also pulling the plug on $110 million in planned upgrades to the smelter that would have brought it into compliance with stricter federal emissions standards. In a statement, the company said 211 jobs could be affected as it cuts its staffing for hourly workers 20 percent. A spokesman for Asarco could not immediately be reached for comment. The company’s retreat is the latest downturn in a century of economic volatility for Asarco. Three years ago, it celebrated its centennial by expanding its staffing. That followed a 2005 bankruptcy. The changes are “due to a greater than 40 percent decline in copper prices since 2011 and current global market conditions,” the statement said. Asarco is shutting down its Hayden concentrator plant and reducing stripping operations at the Ray mine. Both moves are indefinite and will bring down the hourly staff to about 1,600 workers. The moves will cut the company’s production by 67 million pounds, or 17 percent. “Economic conditions will continue to be reviewed and adjustments may be made as market conditions warrant,” the company said in its statement. Such downturns have lasted years in the past. During the Great Depression, the smelter was shut down in March 1933 and didn’t start up again until late 1937, when natural gas first came to the smelter, according to the company.
Fri 13:14
cantremember2
Why - Get Rid of these Investors!
0.20
No Opinion

28-Aug-15 12:56:19 0.1966 26,746 Sell* 0.19 0.21 52.58 O
Wed 23:54
Apollo440
RE: MY GUESS - Deal Value
0.20
No Opinion

Also to add, I do not think it will be a JV, it will most likely be a takeover. Hence why I think £200m is light! It could add as a catalyst that buy seeing Los Catalos as a marketed potential mine, the government would support us with getting Mollacas through.
Wed 23:51
Apollo440
RE: MY GUESS - Deal Value
0.20
No Opinion

I was thinking closer to the 10p mark for Los Catalos, then they can start looking at getting value for Mollacas as you say once all the hindrance has been swept away. The strange thing is that this could go slightly higher as the latest plan for the plan is the most economical and will generate a lot of profit for whoever acquires it. The price of copper is expected to rise as supply lags behind the demand. We should hear something in the next few months, the company looked at a revised plan so the could open the market up to the medium size companies also, which would offer a premium price as compared to one of the majors. We do not need to worry about drilling, we sell the asset, the acquirer takes that burden so hence a price of £300 - £350m is a decent return. This is now down to the board making this a commercial gain now, they can not make any excuses, but I understand they do not want to sell on the cheap nor should they.
Wed 11:02
LayLadyLay
RE: MY GUESS - Deal Value
0.20
No Opinion

I haven't factored in Mollacas. If MNC can come to an agreement with the landowner, which now seems a possibility, then this would be a big bonus for the company and shareholders. This is a significant development in relation to the Company gaining mining access rights to its wholly owned Mollacas Project in central Chile. The Supreme Court's decision to grant MHC leave to appeal the Court of Appeal ruling reverses a prior decision by the Supreme Court. If MHC's appeal is successful, the Company plans to fast track the project to development. MHC and the Company are continuing to evaluate other legal actions in parallel to seeking a negotiated settlement with the land owner for mining access to its Exploitation Concessions. Land Holdings and Mining Rights The Company holds title to 21 Exploitation Concessions covering the Mollacas deposit and surrounding area, and owns 179 ha of land adjacent to the proposed open pit operation, which is located on private land. The infrastructure for the planned mining operation will be located on the Company owned land. In addition, Metminco also owns water rights to approximately 175 litres/sec from two canals, albeit that the estimated water usage for the mining operation will only be 40 litres/sec. Mr William Howe, Managing Director, commented: "The Supreme Court's decision to hear the Company's appeal on the Mollacas land access dispute is very encouraging. The Company will however continue to evaluate other options to resolve this dispute, and in so doing, facilitate the development of the project."
Wed 10:47
cantremember2
News News News
0.20
No Opinion

Thats all we need. IF, big IF here, IF the board can get the deal after 5 years of toying about and trying to extract value, then 7p does seem pie in the sky but the market capital reflects the cash burn, no new monies coming in, massive rights issue and copper prices. So have the board played their final 'personal investment' card by averaging down with the recent rights issue time will tell. We are over 30% below rights issue entry and with no further dilution then the fate lies with the boards ability to make that play. Make the strike with a deal and then risk-off game on.... Time is critical as their is little in the stash... come on board... come up with the goods!

Share prices shown are taken at time of message posting.
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