Member Info for ardtole

understand why anyone would sell this close to news from buchans. I can see why some might cash in after buchans rns and before news from woodstock comes through. But I cant see any reason to sell today.

is slowly building, might finish around 2.8p today and might hit 3p at some stage.

Im guessing news from Buchans by Wednesday next week. I dont think we will have to wait eight weeks for woodstock update, but im more than ready to. I have to say I am puzzled by some of the sales today, some of them quite signifigant. I just dont understand the rationale behind it, there are few certainies on aim, but a signifigant spike from buchans rns is as close as to a banker as your going to get; followed by likely news of chinese involvement in Woodstock in the coming weeks. The woodstock project is huge, the fact the two harford deposits havent even been explored by Minco increases the potential of the project, it will be really interesting to see what deal is brokered.

on where news from buchans and woodstock might take the sp?

They are, maybe allow another week for analysis etc

I think the 6-10p sp bracket is achieveable with the forthcoming rns due. The news from Buchans is likely within a week, how positive the sp reacts to this critical, going by last year we would have to hope for 4p minimum,if not closer to the 52 week high of 5.5p. If we can sustain this sp for when the big news from woodstock comes through its going to be a huge play, hard to know how high it could go, in the aim these things can take a life of their own. ie fitbug around xmas/new year. I dont think it will be as volatile as fitbug but it will definitley take a bit of watching.

I find it hard to understand the reasons for anyone to sell, so close to rns being released. Surely anyone who is invested in Minco is aware of how it spikes after drilling results, never mind the likely possibility of sale or jv at woodstock. Am I missing something???

usually there is a lot of activity with minco after a drilling rns. Im hoping that the result from buchans this week or early next week is followed up quickly with news from woodstock. The closer they are released together, the better for us imo.

The signs are we should hear from Buchans this coming week, if results are similar to the last drill program we should be sitting @ 4p minimum. There will be plenty of investors taking their profits but this is just the payday, the jackpot is woodstock and details of this will be revealed in 6/7 weeks at most hopefully a good bit sooner. In the past after good drill results our sp peaks briefly (48 hrs max) before drifting back down under 2p and sometimes sub 1.5p. This is usually because our rns are isolated and no back up news is forthcoming, this time however this is not the case. We have Woodstock coming behind in only a matter of weeks, if we manage to hold the sp between 4/5p before woodstock rns I really think 10p will be easily achieveable, if not a shade more. Im not one for ramping, but if 500m of drilling at Buchans only 7 months can cause the sp to spike at over 4p, its not unreasonable to suggest the results of a 2100m drilling program will cause a similar reaction to the sp. The woodstock project is massive though and details of a jv for it in the pipeline in the weeks after make the 10p prediction if anything, conservative.

Very seldom will you get in at rock bottom and even harder to get out at peak price. Anyone who gets in today will make a 100% profit, thats all you can ask really.

Impossible to predict. All depends on drill results and details of jv or purchase of woodstock. If woodstock is sold what is it worth? I dont think it will be, but depends on deal struck. We are in a good situation for sure though.

Hopefully followed up by major mayhem after due diligence from woodstock. Thats when the real fun begins.

What mayhem are you expecting.

Id expect to hear from buchans in the next ten days. Hopefully we hear from woodstock before end of next month at the latest. Hard to put a value on woodstock especially as the two hartford deposits havent been drilled by Minco yet. The PEA is only for the Plymouth deposit.

hoping to save .2p/share is risky when any decent size buy will send the sp close to 2p again. Everyone has their agenda and strategy so best of luck.

Some of the short term sp forcasts here have been similar to what has happened before. It spiked to 4.5p last year on only 500m of drilling from buchans. The year before it went from a 52 week low of approx 1.5p to a 52 week high of 5.5p in just six weeks. It would take a brave man to trade this share at present and possibly miss out on the spike. Each to their own though

up 12% today as well

at the amount of sales today, admittedly at relatively small amounts, but with news from buchans due shortly and the possible jv at woodstock, it seems a strange decision to sell at present

around the 9th yeah

Interesting to see how the sp reacts tomorrow after the weekend. We would have to expect it to be positive. Due diligence is usually completed within two months so between that and news from buchans probably next week it will be a busy few weeks hopefully.