CBX - Exploration program at Bauxite Hills
http://stocknessmonster.com/news-ite...E=ASX&N=232655
For those interested in Bauxite (another Negatve EV stock HRS, has a big chunk of bauxite company ABZ)
Printable View
CBX - Exploration program at Bauxite Hills
http://stocknessmonster.com/news-ite...E=ASX&N=232655
For those interested in Bauxite (another Negatve EV stock HRS, has a big chunk of bauxite company ABZ)
MLM - NTA Update as 17/6/11
MLM @ $0.345 = MCap $40.4m
Cash est @ $4m
Listed Investments:
MTE @ 59.5c = $47.6m (Coal)
CBX @ 22c = $5.9m (Bauxite)
PMQ @ 10c = $4.6m (Copper/Gold)
ORM @ 20c = $2.3m (REE's, & Gold)
Total LI = $60.4m
NTA = 55c
Discount to NTA = ~37%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
No material movement in the NTA figures this week!
MLM - Presentation @ Rare Earth Conference (re Scandium)
http://stocknessmonster.com/news-ite...E=ASX&N=232821
An excellent overview of the MLM flagship Nornico project, the Scandium alone is worth $4.5b, & theres 400kt Ni & 42kt Co to add to it!
Explains Scandium's qualities & what it used for etc
Up until this ann, most of the MLM focus was on its coal spin off MTE
MLM - NTA Update as 24/6/11
MLM @ $0.335 = MCap $39.2m
Cash est @ $4m
Listed Investments:
MTE @ 53.5c = $42.8m (Coal)
CBX @ 23.5c = $6.3m (Bauxite)
PMQ @ 10c = $4.6m (Copper/Gold)
ORM @ 18c = $2.1m (REE's, & Gold)
Total LI = $55.8m
NTA = 51c
Discount to NTA = ~35%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
Must say im surprised the Nornico presentation hasn't created any more interest in MLM, they have stated the IGV of the Scandium alone (even ignoring the large Nickel & Cobalt resource)
MLM - NTA Update as 1/7/11
MLM @ $0.325 = MCap $38.0m
Cash est @ $4m
Listed Investments:
MTE @ 58c = $46.4m (Coal)
CBX @ 20c = $5.4m (Bauxite)
PMQ @ 9.2c = $4.2m (Copper/Gold)
ORM @ 18c = $2.1m (REE's, & Gold)
Total LI = $58.1m
NTA = 53c
Discount to NTA = ~39%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
Grabbed a few today at 40c to compliment my MTE holding.
I'll update the MLM NTA tonight, given the MTE movement - so people can weigh up whch to buy tomorrow ;)
MLM - NTA Update as 7/7/11
MLM @ $0.41 = MCap $48.0m
Cash est @ $4m (ignoring the recently announced capital raising as shares not listed yet)
Listed Investments:
MTE @ 69c = $55.2m (Coal)
CBX @ 21.5c = $5.7m (Bauxite)
PMQ @ 9.9c = $4.5m (Copper/Gold) - no adjustment made yet for the MLM in specie distribution)
ORM @ 16.5c = $2.0m (REE's, & Gold)
Total LI = $67.4m
NTA = 61c
Discount to NTA = ~33%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
MLM - NTA Update as 12/7/11
MLM @ $0.42 = MCap $49.1m
Cash @ $4.1m
Listed Investments:
MTE @ 79c = $63.2m (Coal)
CBX @ 22c = $5.9m (Bauxite)
PMQ @ 9.7c = $4.4m (Copper/Gold)
ORM @ 20c = $2.4m (REE's, & Gold)
Total LI = $75.9m
NTA = 68c
Discount to NTA = ~38%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
Reminds me of SEC's old chest nut SRL - the coal investment was nearly twice there market cap, the discount eventually narrowed, but only after Mgmt restructured the coal investment separate from the other non coal projects.
The way i see MLM can unlock value & narrow the discount to NTA, is to spin out the "Nornico" project via IPO, or secure a JV partner.
Clearly it seems the market does not understand Scandium, given the relatively few companies involved with it, i mean the Scandium is worth $4.5b IGV alone, & thats without factoring the 400,000t of Nickel + Cobalt credits!!!
MLM also have a limestone project & some other bits & pieces, & if you participated in the recent capital raising (i suspect u may have missed the cutoff HC) MLM is distributing PMQ shares as part of it, as they did with CBX to try & boost liquidity.
My thoughts are that they will either sell/distribute the CBX, PMQ, & ORM holdings, & will crystalise there investment in MTE, when they see what the current offer is worth, to focus on Nornico.
Whatever proceeds they might obtain would be used to develope Nornico, to a stage where they can attract a JV partner to bring it into production, or be able to list it as a separate entity.
These are only my thoughts, but until they do something like that the market will keep viewing them as just an LIC!
My guess is that they will either sell their MTE holding into a takeover of that company, or eventually sell their stake to a new "cornerstone" investor, or even on market. I reckon they'll use the proceeds to develop their scandium/nickel/cobalt project.
Investment update is out
http://www.asx.com.au/asx/statistics...ame=D&period=T
EXCELLENT presentation at the Noosa Mining Conference :cool:.
http://www.stocknessmonster.com/news...E=ASX&N=233350
MLM - NTA Update as 15/7/11
MLM @ $0.47 = MCap $55.0m
Cash @ $4.1m
Listed Investments:
MTE @ 80c = $64.0m (Coal)
CBX @ 22c = $5.9m (Bauxite)
PMQ @ 9.5c = $4.3m (Copper/Gold)
ORM @ 20c = $2.4m (REE's, & Gold)
Total LI = $76.6m
NTA = 69c
Discount to NTA = ~32%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
MLM - Metallica Minerals Limited
"A Queensland multi-commodity resource development company, with direct major interests in nickel-cobalt, scandium, zircon-rutile and limestone, plus strategic investments in coal, bauxite, tungsten, copper, gold and rare earth elements."
Its not often you can buy shares for cheaper than what it is worth (current assets) but you are lucky and have that chance right now. MLM is currently has a current asset value (cash and listed companies only) with a 51.25% premium to its current share price. One of the companies holdings alone in MTE is worth more than its entire market cap. MLM also have their own projects on the way so you get these for absolutely no valuation in the current share price.
Shares On Issue: 128,777,710
Options Outstanding: 6,000,000
Market Cap At 48c: $64,693,300
Top 20 Own: 55.19%
Listed Shares:
80,000,000 MTE @ 93.5c = $74,800,000
26,867,621 CBX @ 25c = $6,716,905
22,069,619 PMQ @ 9.3c = $2,052,475
11,866,658 ORM @ 19c = $2,254,665
Total Listed Shares = $85,824,045
Cash In Bank (19/07/2011): $7,700,000
Current Assets = $93,524,045
Number Of Shares = 128,777,710
Assets Per Share = 72.6c (51.25% higher than current price)
Other Projects/Assets:
* Nornico "Tri-Metal" Project - Nickel, Cobalt & Scandium
* Lucky Break (50% JV) - Nickel
* Weipa Zircon-Rutile HMS Project - Zircon & Rutile
* Limestone Projects - 7 high quality projects.
Links:
* Investor Presentation (Noosa Mining Conference)
* Quarterly Detailing Projects
* 20th July Investments Update
* Top 20 Report (last page)
Wasn't always like this,I got on at the IPO and I rate it as my worst stock I held funny thing I left then in the bottom draw for so long I almost forgotten about them even rang Andrew Gillies he said he couldn't get brokers to spread the word seeing 1M + volume is fantastic to the past 2000 odd
The rise on MTE yesterday and today (post announcement on participation in a new port project) prompted me to swap out of MTE and buy more MLM (was roughly half and half before).
Considering MTE has now pulled back, it seems as if it was a reasonable move.
Thanks Shas.
MLM - NTA Update as 19/8/11
MLM @ $0.36 = MCap $47.0m
Cash @ $7.5m
Listed Investments:
MTE @ 73.5c = $58.8m (Coal)
CBX @ 18c = $4.8m (Bauxite)
PMQ @ 8.1c = $1.8m (Copper/Gold)
ORM @ 15.5c = $1.8m (REE's, & Gold)
Total LI = $67.2m
NTA = 57c
Discount to NTA = ~37%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized, Nickel, Cobalt & Scandium "Nornico" project
Shasta,
thanks for the update.
Well, you can now add another project they've optioned in on, and acquired off Rio Tinto no less! With a 37% discount to NTA, this one is a complete freebee.
http://stocknessmonster.com/news-ite...E=ASX&N=234573
Interesting stuff, although this seems quite strange, add another project or value to a company and the sp falls.
MLM - NTA Update as 26/8/11
MLM @ $0.35 = MCap $46.3m
Cash @ $7.5m
Listed Investments:
MTE @ 75.5c = $60.4m (Coal)
CBX @ 18.5c = $5.0m (Bauxite)
PMQ @ 8.2c = $1.8m (Copper/Gold)
ORM @ 15.5c = $1.8m (REE's, & Gold)
Total LI = $69.0m
NTA = 58c
Discount to NTA = ~40%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - see ann today (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
MLM - NTA Update as 2/9/11
MLM @ $0.365 = MCap $48.3m
Cash @ $7.5m
Listed Investments:
MTE @ 82c = $65.6m (Coal)
CBX @ 19.5c = $5.2m (Bauxite)
PMQ @ 8.4c = $1.9m (Copper/Gold)
ORM @ 17c = $2.0m (REE's, & Gold)
Total LI = $74.7m
NTA = 62c
Discount to NTA = ~41%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
MLM - NTA Update as 2/9/11
MLM @ $0.365 = MCap $48.3m
Cash @ $7.5m
Listed Investments:
MTE @ 82c = $65.6m (Coal)
CBX @ 19.5c = $5.2m (Bauxite)
PMQ @ 8.4c = $1.9m (Copper/Gold)
ORM @ 17c = $2.0m (REE's, & Gold)
Total LI = $74.7m
NTA = 62c
Discount to NTA = ~41%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
Have a read of this!
http://www.google.com.au/url?q=http:...sYadmBca9sqnaQ
Metallica's in house projects and $7.5m cash still have negative value (lol) according to the market, as it's shareprice still doesn't reflect the value of it's listed investments.
Make of it what you will, but the RB Milestone Research Report released on the MLM website today gives a valuation for MLM of $1.86.
That is a pretty up there valuation from where the current sp is HC.
I guess in a normal upward directional market that would sound up there and quite a good target, although in these markets everything is not quite rational as you know or can see by many stocks sitting at whatever level the market will pay.
Missed the boat when I saw MLM sitting at 35c where I nearly clicked the buy button but as usual, got distracted so I dont really like talking about the one I was gonna buy..lol
You holding a few of these and what approx entry?
I suspect without even looking at it, the value is in Nornico which ive been bleating about for ages, yet the market doesnt even value MLM at its listed investments!
Shades of SRL all over again, eventually the share price doubled & narrowed the discount to NTA.
Ill update the NTA after close of play tomorrow night ;)
MLM - NTA Update as 9/9/11
MLM @ $0.42 = MCap $55.5m
Cash @ $7.5m
Listed Investments:
MTE @ 82.5c = $66.0m (Coal)
CBX @ 19c = $5.1m (Bauxite)
PMQ @ 8.5c = $1.9m (Copper/Gold)
ORM @ 15c = $1.8m (REE's, & Gold)
Total LI = $74.8m
NTA = 62c
Discount to NTA = ~32%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
MLM - NTA Update as 19/9/11
MLM @ $0.38 = MCap $50.3m
Cash @ $7.5m
Listed Investments:
MTE @ 71c = $56.8m (Coal)
CBX @ 20c = $5.4m (Bauxite)
PMQ @ 8.4c = $1.8m (Copper/Gold)
ORM @ 14c = $1.7m (REE's, & Gold)
Total LI = $65.7m
NTA = 55c (previous week 62c)
Discount to NTA = ~31%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
Even cheaper now. I've been buying, although suspect I'm the only one :)
What's your take on the current SP, shasta? I realise that the value of the company's listed investments has also suffered in recent days...
MLM - NTA Update as 23/9/11 (Nb, share price as per close of market Friday!)
MLM @ $0.34 = MCap $45.0m
Cash @ $7.5m
Listed Investments:
MTE @ 60c = $48.0m (Coal)
CBX @ 16c = $4.3m (Bauxite)
PMQ @ 8.2c = $1.8m (Copper/Gold)
ORM @ 10.5c = $1.2m (REE's, & Gold)
Total LI = $55.3m
NTA = 48c (previous week 55c)
Discount to NTA = ~28%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
MLM - NTA Update as 30/9/11 (Nb, share price as per close of market Friday!)
MLM @ $0.29 = MCap $38.4m
Cash @ $7.5m
Listed Investments:
MTE @ 59.5c = $47.6m (Coal)
CBX @ 15c = $4.0m (Bauxite)
PMQ @ 8c = $1.8m (Copper/Gold)
ORM @ 10c = $1.2m (REE's, & Gold)
Total LI = $54.6m
NTA = 47c (previous week 48c)
Discount to NTA = ~38%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
MLM - NTA Update as 7/10/11 (Nb, share price as per close of market Friday!)
MLM @ $0.305 = MCap $40.3m
Cash - est @ $6m
Listed Investments:
MTE @ 66.5c = $53.2m (Coal)
CBX @ 22c = $5.9m (Bauxite)
PMQ @ 8.3c = $1.8m (Copper/Gold)
ORM @ 11c = $1.3m (REE's, & Gold)
Total LI = $62.2m
NTA = 52c (previous week 47c)
Discount to NTA = ~41%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
A couple of updates.
Finance News Network interview with CFO and Director John Haley:
http://www.google.com.au/url?q=http:...AZDBPSkcP0wzSw
Queensland Explorer of the Year awarded to Metallica last night:
http://stocknessmonster.com/news-ite...E=ASX&N=236602
Mining 2011 presentation:
http://stocknessmonster.com/news-ite...E=ASX&N=236596
MLM - NTA Update as 10/02/12
MLM @ $0.31 = MCap $41m
Cash @ 31/1 = $12m (Cash boosted by the sale of approx 15m shares in MTE)
Listed Investments:
MTE @ 51c = $32.8m (Coal)
CBX @ 12c = $3.2m (Bauxite)
PMQ @ 7.6c = $1.7m (Copper/Gold)
ORM @ 5.1c = $0.6m (REE's, & Gold)
Total LI = $38.3m
NTA = 38c (previously 52c)
Discount to NTA = ~19%
No allowance made for the 100% owned MLM projects, including the very interesting & decent sized*, Nickel, Cobalt & Scandium "Nornico" project
* Nickel 400kt, Cobalt 42kt (90% measured & indicated)
Other 100% owned projects MLM owns that the market ascribes no value for:
1. Zircon, Rutile, HMS project purchased off RIO - (production forecast 2013!)
2. 2 x Limestone & Lime Projects in Qld
3. Ni/Co project JV with MFC
Note. MLM during the 2nd half of 2011 made in specie distributions of CBX & PMQ shares to increase liquidity.
Another dead duck coming back to life.Good fun as they all put in a new board, then have have a capital raise ,where you can back up the truck, as they let you apply for more than your entitlement..lol.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Today's presentation is worth reading.
Silly me fogot Queensland does not have daylight saving.Tuned in at 6pm,and was busy at 7 pm so missed it live.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Sort of interesting.?
https://metallicaminerals.us20.list-...d&e=fed25909f3
I was a bit slow getting my buy order on today at 1.1 cent for the options.MLMOB that have the right to convert at 6 cents in March 2024 .
They closed at 1.7 cents. up 54.5% today..!!
https://metallicaminerals.us20.list-...b&e=fed25909f3
You moved the market percy! It's either a small stock or you are a big hitter
I know nothing about the company, but I love the band.
Haha.
Market cap is $30mil,so still a small company.
Announcements have caused the movement together with Morgan's research ,[my post #155.] Their target price is 15 cents,compared with the current share price of 4.5 cents.[333% of blue sky]
Well regarded Queensland family, The Flannery's have used "the creep rule" to increase their holding a further 3% to 26%.