Member Info for ardtole

Good to get an update. In the circumstances in China at present the fact that due diligience is still being carried out is positive.From a personal point of view I was hoping for a sale of Woodstock and an exit for me. For Minco now, I think a jv would be more beneficial, get a pfs completed and get the project moving on. Though with all the external problems in China its not an ideal time to be negotiating. I thought the update from both buchans and the pennines especially was vague. I was suprised there was no mention of dalradian, the construction phase is well under way and some parts of it expected to be 80% complete by end of this year.

If a deal was going to be done regarding Woodstock, it would have happened by now. Minco are in a sticky situation, too many projects, cannot finance a pfs for woodstock alone, Buchans is only creeping along on a minimal budget, with no defined timeframe or structued plan leading to production. Pennines and Xtierra investments are definitley on the long finger. The pressure will be on to salvage something in next twelve months from dalradian or woodstock, the problem is the potential investors hold all the aces.

In the immediate term both Canadian projects have potential for us. Dalradian is a possible payday a bit further down the line. Xtierra and pennines, hard to hold much hope for.

thanks

Id have to agree with your post. The last drill results from buchans were adequate without being mind blowing but I wasnt aware they had resumed drilling. I remember reading further drilling was recommended alright. The news from woodstock is taking longer than I expected but that could be due to the problems in the chinese economy. Its difficult to call what might happen in the next few weeks, ive to hold my hands up, I called the last months activity badly wrong, i expected more from the buchans rns and thought we would have heard from woodstock last month.

there was a rns from buchans 3/4 weeks ago, it wasnt overly well received by the market. News from woodstock is overdue, Id have thought we would have heard something by now.

The lack of communication is a worry, I thought we would have heard something a at least a week ago. There doesnt seem to be anything going on in our other projects, so all our eggs are in the woodstock basket.

880k+ shares bought. under 33k shares sold. sp stays the same.

This rns stated that a major chinese emm producer was conducting technical due diligience on the woodstock project. Due diligience is usually completed within 60 days so Im hoping we hear positive news soon.

Anyone expect to hear news this coming week?

im just going to sit tight until we hear from woodstock, hopefully by the end of the month, but im not banking on that either. Dalradian sp has taken a knock the last week also, the pennines??? is forgotten about, xtierra ive stopped even checking up on, buchans i still think is promising but in the short term its all about the chinese and woodstock.

time to be negotiating with a major chinese company.

I think there is an awful lot riding on the woodstock/chinese deal. If they pull out Minco have to start looking for a new partner, we know they do not have the resources to further this project on their own. The pennines looks to have come to a halt, very little exploration over last 12 months. Xtierra is virtually on life support, there is a payday with Dalradian but it is somewhat in the future. They could do another drilling program at Buchans to keep that project moving but in reality Woodstock is the big, big play and the value of the sp in the short/medium term is almost wholly dependant on a deal being struck. Time will tell, we should know within 3 weeks.

I didnt see this coming. a lot riding on woodstock now.

I dont think there is any drilling in the pennines at present. Xtierra is on life support, there could possibly be news from dalradian, or an update on the next phase of drilling at buchans. Woodstock is the only big play in the immediate future as far as I am aware.

Due dilligence is generally completed within two months, which would mean we should hear this month. Im sure they are cases which take longer and knowing our luck we will be one if them. And yeah, the sp is very disappointing at the moment.

I honestly dont know. I called buchans wrong, I fully expected a spike similar to last oct. We should hear from woodstock by end of this month, either way im likely to exit after that.

A couple of trades yesterday shown as sales but look like buys?

Hope chinese accept minco terms lol.

Looks like they are going accept german terms.