Member Info for ardtole

with last two posts. Wait at least until the next phase of drilling at woodstock is completed, probably around March. If multibags is desperate to get out wait until the agm there will probably be a spike around then also.

I just dont see this sp spiking that dramatically, without another rns. Prehaps if there is an announcement close to the agm there will be some gains but I would be suprised if there were signifigant sp increases before then. Read through the posts from a few days after last rns and there are a lot of shareholders looking out.

If anyone is looking to cash in I think there will be an opportunity around the time of the AGM. Before the last RNS I felt there was a delay in announcing a date for the AGM 2014 because there was little positive information to communicate. At the time Pennines was suspended (still is) xag in freefall (still is), but if they were going to piggyback the agm on a good news story then buchans/Lundberg was their opportunity. Thats why I feel there is a bigger play in the next few weeks; maybe details of a tsx listing or a jv for woodstock, or details of a financing arrangement for either woodstock or buchans. There has to be something going on in the background, or some deal still being negotiated to explain the delay in announcing a date for the agm. It was 26 September last year, stock market rules dictate the next agm should take place within 15 months, which would be 26 Dec 2014, a months notice as a courtesy to shareholders is usually appplied so we should hear a date for the agm within 21 days or sooner, I presume it wont be over the festive season!!!

the mining analyst, has given the buchans project a nominal valuation of 1m stg, he hasnt given any value to the woodstock project yet. He values minco stake in dalradian at 3p/share. In time with more drilling results particulary from woodstock and buchans this should change signifigantly. I wouldnt expect to hear any more drill results in 2014 though.

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I dont think many long termers were expecting a rise in sp this week. Recent trends have shown a spike after a rns followed by a similar decline over the next two days. The last rns was promising but it was for 500m of drilling, it was only a months work, minco probably have to spend all of 2015 drilling at buchans and hopefully we get similar results. I would guess there will be another spike around the time of the agm and another in early 2015 when the latest phase of drilling at woodstock is due to be completed.

The £10m cash in bank you refer to was on dec31 2013, minco have spent heavily this year, they dont have enough to finance a pfs at woodstock approx cost $10m, drilling at pennines is suspended, so maybe dalradian will have to be sacraficed to concentrate on canadian projects, some big decisions to be made

Approx 50% of the woodstock property has still to be explored, there is a strong possibility of a much bigger resource, im not sure if the current drilling program of 5000m includes this territory but it will be explored soon.

changing the rules now

change the o to a for jamie sap

They have already apppointed QME who work in Tara Mines Navan to begin construction on the mine. They have not only received cooperation from the local stormont govt but grant aid to employ and train up local staff. They released a PEA today with improved figures from their previous rns.

has criticised me in the recent past for being impatient but the comments today are ridiculous. The rns was for 500m, it was just 3 weeks of drilling what do people expect from such a small sample. Im delighted with the results, if Minco spend all of next year drilling and continue to get the same results Il be happy. There was little information before this rns regarding this project and I was frustrated especially with xtierra and pennines performing poorly. There was good news from dalradian today with their PEA from N.Ireland, the next big drill result will be a 5000m program from Woodstock which could blow the latest rns out of the water. My advise would be dont sell before the next phase of drilling at woodstock is completed. It might take until March '15 but it could be signifigant.

The Agm is due to take place probably in December, I doubt we will hear much before that. There is 5000m of drilling taking place at Woodstock, which will probably be march/april before we hear results from there. There seems to be more drilling planned for lundberg and neighbouring deposits throughout next year but unless there is major news regarding a jv or a sale of asset at the agm i doubt we will hear much for the rest of this year.

A lot of people are getting carried away on a 4 week drill program of just 500m. Yes the results are encouraging, but the best part of 2015 is going to be spent exploring other parts of lundberg and neighbouring deposits. It is definitley a hold for me and possible top up when I get a chance but it is probably 12-18 months before we see the real benefit of this project. Definitley a lot more optimistic than this time last week.

Depends how long you want to hold for, it could take 12-24 months for mio to reach its potential, then again the agm(probably early december) might have a suprise like a jv for woodstock or a buyer for buchans. If you are prepared to hold the reward will come eventually. (i hope)