MINCO gold and silver explorer.... the facts

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GB904150 - Mon, 01 Jan 07 :

Is there a particular contact within MIO for Investor relations? I tried Roger Turner's email 'rwturner@minco.ie' but my msg bounced back.

I think the end 2007 SP will be pretty much the same as it is now. MIO will announce a couple of drill results which will give us a couple of 0.25p up ticks, but on the whole we will drift.

The fact remains that as a company MIO is not in a position to be able to make any money without further investment (dilution). A fundraising will therefore have to take place at some point and this will be at a discount to the current share price.

The AIM market has too many companies chasing too little capital. MIOs story used to be very positive (become a top 10 silver producer by 2010). Delays, lack of focus, indecision and management/project changes have all wasted time and money.

I now believe there are other mining companies that have better prospects than MIO and so have reduced my holding and reinvested elsewhere.

Bit of a rant, sorry.....but best of luck for 2007.


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