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Hi guys ANyone got level 2 can see what is happening with th sp in MIO
well played sir! easy bag from here
any slight buy volume and this will bag
Pre market print 😉
could be a booom day as news is understood and absorbed!
Very good news and still a lot of upside. Buchans should be worth at least 15 - 20 million CAD on the Venture in Canada. The new buchans with 5 million worth of dalradian shares, 2 million cash, 1 million xtierra will finally get valued like it should..
Adding it all up, 3m cash already in bank , no debts, 11.6mill dalridian shares to minco shareholders, plus a further 3.8mill dalridian shares held by minco by ownership of buchans, plus all minco other assets remain. This is looking good now. 5p on the cards for starters. Possibly go much higher. DYOR as always
Thanks weissy. Im looking forward to hearing from anglesey in the near future, a few of these amalgamation suggestions are starting to add up. The delay in the scoping study at parys mountain shouldnt take much longer and it seems a very valueable project. I think minco board learned a lot of hard lessons when they were jv partners with xstrata at Pallas Green, were they were bullied more or less by the bigger partner. With the crossover off board members at minco and angelsey, it seems there are mutual benefits for both organisations.
Ardtole and Confu very pleased for you both its been a long wait
Im beginning to think there is a lot of validity to these amalgamation rumours
:D as I said on 15th Feb >>>>>> I will be very happy if MIO hits 2.5p market cap 11-12 million before any news. Fingers cross. Now I believe in more BAGS from here. fingers cross on that too :D. DYOR
Great day for all you holders.
Yes I agree. If it falls back in the morning then I am a buyer. I don't think it will....,
Minco has 3 million dollars cash and no borrowings. This money will go to the new company + the 25% of the dalr shares. Zinc and manganese assets in Canada . Silver and Zinc assets in Mexico. Very undervalued.
yes sorry i do agree with that Miller. if i get a chance below 2p ill buy a few. bt better shares out there imo. will be interesting to watch this tomorrow anyhow
will be a rush on open to get hands on this stock anything 2.5-3p would be probs a good buy price. but dyor
Quite right. I guess lots will pile in here and stale bulls will be happy to grab their cash back. It could be that mio hits 4 or 5 as the bidders stock is going up on this deal. In time this could make a lot of money for mio holders.....they have waited long enough I reckon for really good news and today's the day!!
what about other Mio assets?
Well you get the 1.9 plus the new company gets all the other assets plus any cash plus 25 per cent of the bidders new shares offered for mio. I don't see how that is not worth a total of 3.5. Plus there could be a counter or higher offer of course. Mio is now in play and others will have a look.
TSE:DNA is up 6% on news so offer should be OK to the Canadian shareholders. At DNA price of $Can1.37, offer is currently worth almost exactly 2.00p per MIO share.
hi Barnet, good to have an exiting holder here. As 1.9p is just for the royalty, what is the value we attribute to other assets? I suspect it is something fairly decent?
fly tomorrow?
Must admit I have been in these since 2015 and don't think I have ever been in profit. So a nice surprise for a stale bull. Looks like a very good exit for mio shareholders to me.
All it's ever done here is burn holes in people's pockets this company!!
Lets keep my thoughts on this to myself while tomorrow evening. Yes it's a good time for stale MIO bulls to exit. Bird in the hand and all that.....