Member Info for ardtole

Only 2 weeks until the agm, id be suprised if there is no update from buchans or woodstock before then. Hopefully a deal with the chinese has been brokered.

I wouldnt be suprised to hear an update from either or both of the canadian projects before the agm. The early agm announcement was unexpected and the fact it has returned to dublin would give me a little hope that some deal is in the offering.

Check out "minco at nenthead" on aditnow.co.uk for a neutral, unbiased and local reaction to mincos plans by some experienced geologists and others with experience in the mining industry.

The Northern echo featured a similar story in Jan 2015. Absoloutely nothing new to see in this latest article, unless there is a rns with new drilling results then unfortunately its the same old story rehashed.

hopefully hear how du dilligence at woodstock progressed.

uncledave may not be too far off the mark. Last oct we got drill result from buchans which was well received by the market but it was only for 500m. The next phase of drilling results we got for buchans in early summer was for approx 1200m. They are not exactly going hell for leather trying to push this project on, which is strange considering how much money they spent buying 3/4 properties adjacent to the main buchans mine. Woodstock has ground to a halt and unless the chinese decide to get involved I dont know of a plan b. All our eggs seem to be in the chinese basket. The pennines has seen no activity for the best part of 12 months maybe 18 months, there is no doubt Minco are in a slow cash burn phase Id be suprised to hear a rns this year. We will probably have an agm in march next year in toronto like they did last year and leave us in the dark once more. Absoloutely impossible to guage what is going on, I smelt a rat last year with the antics over the agm, but the woodstock project kept me hanging on. The recent director sells are not exactly confidence inspiring, the current sp is too low to take the hit on. I still think there is value in the woodstock asset but how long is it going to take to see a return??

Mincos cash in hand is probably enough to cover our current sp.

Im getting a feeling, the next update could be telling us the Chinese are no longer interested in Woodstock. Is there a plan b?

That was similar to my interpreration of the immediate minco plans

I know that woodstock is at a crossroads and needs outside investment to bring it to the next stage. Unfortunately all our eggs are in a chinese basket. If Buchans has also ground to a halt we are in for a sticky time in the immediate future. Though I thought someone had posted here details of plans for next phase of drilling at buchans, I stand to be corrected on that though.

You are in a good position at 1.4p, you will get a chance to take profit at some stage, a decent rns from buchans or woodstock generally produces a signifigant rise. I understand your frustration though.

trying to work out aim market. There is no logic to it at all.

I think under aim rules the agm has to be held within 15 months, so it could be towards end of march before we have it. I was expecting last years agm to be held October last year but it wasnt held until Dec.

Looks like 1p could be breached this week unless we hear news soon. Where from though? Xtierra looks next door to bankrupt. Dalradian very much a long term asset. Pennines has been on hold for almost 12 months. Are the Chinese interested in Woodstock?, considering their domestic woes. Buchans is our most advanced project and looks promising but market didnt react well to the last drill results. Also details of Mincos plans for Buchans are sketchy to say the least, considering they purchased 3/4 adjacent properties to the main site we have no details or a timetable for construction, leading to production in the future

The agm was always held in dublin until last year when it was held in Toronto. Under aim rules each company has to have an agm within 15 months, they left it very late and held the agm in xmas week, giving shareholders little or no chance of attending It looked like it was done and dusted within the hour. It did leave a lot of people upset about the secretive and sly way they went about things. I still think the Canadian assets that minco own have value as well as its Dalradian stake although a return on that is probably somewhat down the line. I have give up trying to decifer what is going on in the background, first McLeod sells up, then Maule. My stance for a good while has been to wait on news from woodstock and il still wait to see how that develops before I cash out. But dont take my advice, ive called this wrong more often than right to date.

sold 60% of his shareholding, Warren McLeod sold up last month, the figures involved are relatively modest. Ive gave up trying to work out what is going on at Minco. The agm fiasco left a bad smell, il hang on until we hear what is happening at woodstock.

looks like i missed the boat with dor, their sp is suspended

i was looking at getting into cpx, i still might do. I was keeping an eye on ukog and dor but to be honest I havent much time to keep track or follow stocks. Its looking like a deal could be done on the Canadian assets of minco. I think Minco is made up of various subsidaries, when they bought buchans, I vaguely remember it being renamed Canadian Mining Company, if the Chinese were to buy CMC what valuation could you attribute to Woodstock in particular when the Hartford North and Hartford South deposits are pretty much unexplored by minco.

Just found out he has sold his stake in minco. Doesnt look to optimistic for Minco, it will be interesting what direction he takes next and what will happen to woodstock in the immediate term. For all intents and purposes it was his project he was the driver behind it.

I thought the plan to start drilling again at the pennines strange, considering that around this time last year they postponed drilling because of the grouse season.