MLM - Metallica Minerals

[AussiePaul72]

Whooooooooooooooooooooooooooosssshhh!!! (blows dust off thread).

Howdy all MLM holders. Just thought i'd give this thread a bit of life support and see what's happening.

- Resource Update for Wolfram Creek project due March/April
- PFS study for Nornico nickle mine due June/July

Also:

Nornico Project - Nickle/Cobalt
Greenvale Operations - Nickle/Cobalt
Lucky Break - Nickle
Kokomo - Scandium
Limestone Project
Weipa - Zircon project

33% Stake in Cape Alumina (CBX)
47% Stake in Orion Minerals (ORM)
56% Stake in Metrocoal (MTE)
76% Stake in Planet Metals (PMQ)

Current MC @ 25 cents is $30 million (which includes $10 million in cash).
MC of combined assets and shareholdings - $52.2 million.

What gives?

These guys have me in a daze...so many fingers...so many pies...but no news

Anybody?

Hi JTLP ....... i don't hold at present but have been watching MLM for quite some time. I totally agree that MLM seems vastly undervalued but hasn't even looked like getting any share price momentum. I don't understand why the share price gets beaten down every time it gets up around the 30c level. I do think some more regular news from the company would certainly help as there are many projects to report about. I'll continue watching........

 

[JTLP]

Hi JTLP ....... i don't hold at present but have been watching MLM for quite some time. I totally agree that MLM seems vastly undervalued but hasn't even looked like getting any share price momentum. I don't understand why the share price gets beaten down every time it gets up around the 30c level. I do think some more regular news from the company would certainly help as there are many projects to report about. I'll continue watching........

A reply? Thanks AussiePaul

Yeah the amount of shares on issue and the holding by the top 20 can leave this one pretty stagnant. Really does need some more liquidity to get moving!

I know a Chinese Nickle Major is holding 19.9%...perhaps they are waiting to see the NORNICO project in production for a possible t/o? Just a thought but that's what MLM seems to focus their interests on.

I wish they didn't spin off the coal assets...would have liked the CSG to stay with the parent company.

Regular news would also be a positive...no real reason for the SP being stopped just before 30 cents...what barrier :

 

[Sean K]

They need one really big project to get going I reakon. A true company maker. All the spin offs they've been doing have hardly added value. Like what Giralia have been doing. All it seems to do is add value to the Directors hip pockets.

Find a true company maker MLM!

 

[JTLP]

They need one really big project to get going I reakon. A true company maker. All the spin offs they've been doing have hardly added value. Like what Giralia have been doing. All it seems to do is add value to the Directors hip pockets.

Find a true company maker MLM!

This is my belief!

They really need to focus on one thing and stop these stupid spinouts...so true re: directors hip pockets and added value.

I think they are pushing Nornico into production...well from what I can tell that's where their focus is. It seems like a pretty big project.

I'm also of the belief that people don't really add value to the spinoffs hence MLM's current position (probably much like GIR).

MMMMMMMMMMMMMMMMMMMMMMMM

What are the figures for NORNICO? I think they are still moving through the PFS...

 

[Sean K]

What are the figures for NORNICO? I think they are still moving through the PFS...

Not sure, will have a good look when I get a chance. I always thought it was a relatively minor operation really. I could never work out why it was a 'flag ship'. Flag Ship to me means Olympic Damn. Norinco is Pot Hole Splash.

 

[JTLP]

Not sure, will have a good look when I get a chance. I always thought it was a relatively minor operation really. I could never work out why it was a 'flag ship'. Flag Ship to me means Olympic Damn. Norinco is Pot Hole Splash.

Thank you for that...I've also asked a cheeky question of your good self over in the AVO thread...but that is for that thread.

I think NORNICO is quite small hence the acquistion of the Greenvale Nickle mine and the drilling campaign being done over there. From memory I think they want to mine that as well and truck it up to the Nornico site to add to the processing plant

They seem pretty hellbent on Nickle...you really think they would have stuck with the Coal...again

And I also want to see some figures from the PMQ spinoff...they got a processing plant for around $2 million! Surely they are making some money off the moly and tungsten???

 

[JTLP]

OK shoulda done a quick read of PMQ's half yearly. Apparently the processing plant is on Care & Maintanence whilst they establish a definitive resource for the Wolfram Creek/Camp(?) site. Then they will have a timeline and plan in place to return it to production...maybe they will spinout the plan too? :

Just to note the resource update is expected March/April.

 

[bobowens]

fellow MLM holders..been with this mob for over 5 years and all I hear is spin
from them.. and no value for the shareholders.
Same old rehashed reports of the so called DE RE METALLICA and what we are
achieving..bugger all as far as I can see.. what next are they going to take over
How about spending more time on NORNICO get it up and running so we can all make some money instead of the bloody Directors on they huge salarys that we
the shareholders are supporting,

 

[JTLP]

Very big day for MLM today. Take a look at this series of transactions:

12:19:53 PM 0.200 1,207,320 241,464.00
12:19:53 PM 0.200 10,000 2,000.00
12:19:53 PM 0.225 8,000 1,800.00
12:19:53 PM 0.230 4,500 1,035.00
12:19:53 PM 0.230 30,000 6,900.00
12:19:53 PM 0.235 4,000 940.00
12:19:53 PM 0.235 12,000 2,820.00
12:19:53 PM 0.235 41,111 9,661.09
12:19:53 PM 0.240 3,821 917.04
12:19:53 PM 0.245 40,000 9,800.00

Somebody wanted out in a big way...giving MLM it's biggest volume for a long time! Hopefully this will be the end of the sustained selling and also give us some insight into where MLM is headed.

I agree Bobowens...I would like to see 1 MLM project come into production...but they will just say that things take time.

This is one slow and boring process...

 

[JTLP]

MLM going nowhere in a hurry but seem to be burning cash at a rapid rate...is this a result of all their acquistion work? Maybe they could get a JV for their nickle project and get that going? How does that sound Metallica?

Ahh well back to the bottom draw and to see what can become of these guys in a few years time. I have faith but it's been tested. Better not do a cap raising...

 

[laurie]

This so called Flagship project Nornico never seems to get off the ground all MLM talks about is its so called flagship project, brokers are sick and tied of the same,same, spin as I have been since the IPO

laurie

 

[JTLP]

This so called Flagship project Nornico never seems to get off the ground all MLM talks about is its so called flagship project, brokers are sick and tied of the same,same, spin as I have been since the IPO

laurie

Laurie...100% agree.

Nornico should be the primary focus. It should be accelerated to become cash flow positive...then they should begin to divulge funds into other projects. Management are just time wasting and costing shareholders dearly.

I think they are advancing another Nickle project nearby (forgot the name as I'm on the iPhone) but with nickle prices rising surely the feasibility study that was put off should be put back into motion...

 

[bobowens]

I agree with everything you said ..Iam sick of them all spin and no action. Been with them since they floated and bloody tied of the so called Flagship.
Just been on their contact email and told them what I think of whole so called
DE RE METALLICA
Lets see if I get a reply..yeh right

 

[bobowens]

Boy this mob loves to be in group photos.:
More on DE RE METALLICA and the Gold Coast Resources Showcase posted
today what a lot of !!!! .
What about Cape Alumina... what a let down.
When this mob going to sail away in their so call Flagship.. sick of this phrase
popping up in every announcement

 

[laurie]

When this mob going to sail away in their so call Flagship.. sick of this phrase
popping up in every announcement

Can't.... No Captain,No Engines,No Rudder,No Crew

laurie

 

[shinobi346]

I have this share due to QOL and now they're selling off the plant. Not sure if thats good or bad but now I have this pittiful unsaleable amount which does nothing except remind of my QOL high hope days.

 

[laurie]

hmm I think they must be ready to buy the engines thanks mainly due to MTE dragging MLM along with it. MLM seems now turning its focus as an investment house similar to CFE

 

[laurie]

Well well well, MTE thankfully pulling MLM along and has the strength to do so,now it sits at .47c and if MTE hits $1 MLM with its 46% share of MTE will be worth $80M to them that should make them worth at least .65c

 

[djones]

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)

 

[Telamelo]

MLM shaping up nicely.. bullish close @ .036c (+9.09%) on 3M volume

Stochastic Oscillator
%K(14,3): 52.4+ %D(3): 46.0+
RSI (14) : 61.0+

http://au.investing.com/equities/metallica-minerals-ltd (cashed up with $2.3M in the bank)

Please DYOR ......... Cheers tela