Varma, Chief Financial Officer and Secretary of Minco, is a chartered accountant with over 32 years of experience in the mining finance industry, having been a director of American Resource Company, Northgate Exploration Ltd. Varma, Director, Chief Financial Officer and Company Secretary He is also a director of the Mining Association of Canada, and of the NWT and Nunavut Chamber of Mines.ĭanesh K. He is currently also Chairman of Labrador Iron Mines Holdings, Anglesey Mining, and Conquest Resources, and a Director of Avnel Gold Mining, and Xtierra Inc (in which Minco holds a significant share position). He was previously President and Chief Executive of Northgate Exploration, Campbell Resources, and Sonora Gold Corp. John Kearney's is the Chairman, President & CEO of Canadian Zinc. You would expect enough liquidity with this number of shares outstanding, but in reality there are not many shares available.ĭeferred shares: 38,000,000 (non voting and have no right to dividends or conversion) I had problems buying shares out of the ask as market makers are only obliged to sell shares at the ask price if your bid size is 50,000 shares or less. I personally prefer the TSX-V over the AIM in London, as market makers have a dubious reputation on the AIM. Every time that there is a little buying volume, the ask price moves towards £0.0155 or 0.016. It is not easy to acquire a significant position in the market as the spread between bid and ask is often 0.002 or more (15 - 25% of the share price). With 478,142,184 shares outstanding and a share price of £0.013, the market capitalization is £6.2 million. I do not expect a lot of readers to be familiar with this story because Minco is listed on the AIM in London and has not progressed their projects very aggresively. Minco PLC is a company that I have been following for years.
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