Up from 2.7 to 3.8 in less than 24hrs? guess's anyone? no significant buys or sells. I've had this one since 15p. Bought and sold many times, thought it was good value for a long time.

This rns has caused the price to drop further.

If it goes back to 1/4p mid, I may be interested.

I'll buy 50 quids worth. (20k)

Starts

Minmet plc


Minmet Plc ('MinMet')

Ticker: MNT / Index: Dublin IEX / Sector: Mining & Exploration

26th April 2005

MINMET SIGNS OPTION AGREEMENT WITH DIAMOND MINER TO DEVELOP THE COROMANDEL
DIAMOND PROPERTIES, BRAZIL

Overview:

-- MinMet options its Coromandel Diamond Properties to experienced diamond
miners RST Recursos Minerais Ltda ('RST').

-- MinMet and RST to prepare feasibility and environmental reports for full
mining licence

-- RST to implement large-scale diamond mining operation (subject to permit
approvals)

-- RST has right to purchase the project outright for US$700,000 subject to
initial royalties on gross sales payable to MinMet

MinMet plc, the international mining and exploration company, has signed a
formal option agreement with a private company, specializing and experienced in
alluvial mining, RST Recursos Minerais Ltda ('RST'), to evaluate and mine the
alluvial diamonds in the Coromandel Diamond Properties, Minas Gerais, Brazil.

Under the terms of the Agreement, RST has the exclusive right to mine the
alluvial diamond deposits, subject to receiving full permit approvals, and to
purchase the project outright ('Purchase Option') for US$700,000 less initial
royalties of 2% on gross sales payable to MinMet, which increase to 4% after the
first full year. Royalty payments would cease if RST exercised the Purchase
Option.

The Santo Inio river basin in the Coromandel region is famed for the
production of large, high value, fancy diamonds from alluvial deposits. MinMet
acquired the Coromandel properties in 2000 and controls 5,000 hectares of
contiguous concessions along 40 km of the Santo Inio River. A small-scale bulk
testing operation was operated by MinMet from 2002 to 2003 during which 12
carats with an average value of US$250/carat, were produced. MinMet has
continued exploration in the region following the bulk-testing program.

RST is a group whose principals have over 20 years experience of diamond mining.
In conjunction with MinMet's Brazilian management, RST will prepare all
feasibility and environmental reports required for application for a full mining
licence to be submitted to the Brazilian authorities by the third quarter of
2005. RST will carry the costs of the mine permitting process and subject to
approvals of all reports, they will implement a large-scale (11,000 m3/month)
diamond mining operation on selected target areas using proven proprietary
technology.

In addition, under the terms of the Agreement, MinMet retains all rights to the
Sungem zinc deposit, which was discovered by MinMet geologists on the Santo
Ignacio concessions in 2001. This is now being reassessed in the light of the
current high market price for zinc and following new geological work.

Michael Nolan CEO commenting said: 'The agreement with RST clearly shows the
potential value within the extensive assets of the MinMet Group. We are already
in discussions with potential partners to introduce further value-adding
initiatives on our other Brazilian and Peruvian assets. I would like to extend
our thanks to Dr. Titus Haggan who has worked diligently on the re-structuring
of our Brazilian portfolio and who is responsible for instigating and executing
the arrangements with RST.'

MNT.are changing tack into oil/gas,worth a small gamble.

Well Hardman did it and look at them......................

MNT, small Irish firm floated on AIM.

Same old story.

m.neville new top man. acquisition, gas concession , and raise 480,000 ,allby end of june, stand back ,give the new board a chance.

Also try PVR listed friday last on AIM,drilling off Nigeria July 2005.ANY other news on MNT.

At last,lists on aim,up and running.

david.morris 39/mbugger

Gold in Sweden & Dominican Republic - Oil & Gas in Texas - Lead, Zinc & Diamonds in Brazil - Silver in Peru. All for the price of 1.25 per share. Terrific value. Why did I buy at 28p?

Good question.

David c.-av/down,buy aload at 1.25 p.take another gamble.

mbugger - Have tried your suggestion. Averaged down at 2.89p in November 2004. Hasn't done me a lot of good.

sudden spark of life today any ideas as to the reasons ??

Reason for yesterdays sudden spark is RNS this morning giving details of activities looks as if they have turned the corner....

More like it does not know where to go, continuing it's erratic path to nowhere.

I take an interest as it has had some of my money.

No more though.

Touch down.............................................

Double dog stock!