20th Oct 2006 - Media Bid Comment : Link to Hemscott Article Click Here


8th Oct 2006 - Mineweb Article : Link Click Here




Web Site : http://www.monterrico.co.uk

Major Shareholders :

Framlington 9.05%
ISIS Asset Mgmt PLC 8.44%
Raymond John Angus 5.59% (Director)
Lehman Brothers International (Europe) 5.40%
Christopher John Eager 4.96%
AMVESCAP PLC 4.56%
Frederic Zachary Haller 4.28% (Director)
Aviva PLC 3.50%
Allianz AG 3.08%

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Broker Recommendations :

Fortis Private Inv Mgt 15-09-06 BUY
Collins Stewart 14-08-06 BUY
Hargreave Hale 18-05-06 BUY

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Shares in Issue

26.31 million

If the links do not auto open the player on clicking, then open WM or RP and then copy and paste the link into the "Open URL" function.


Interview With:
Richard Ralph CMG, CVO
Executive Chairman

Dated September 14, 2006


Listen with Windows Media - Link Below :
http://www.wallstreetreporter.com/uploaded_files/2006/September/14/wma/MonterricoMetalsPlc.wma

Listen with Real Player - Link Below :
http://www.wallstreetreporter.com/uploaded_files/2006/September/14/ram/MonterricoMetalsPlc.ram
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Director Trades :

Director Buys :

21/12/2005 R Angus BUY 10,000 @ 376p = 37.6K
21/12/2005 C Eager BUY 5,000 @ 376p = 18.8K
20/09/2006 Frederick Haller BUY 10,000 @ 167p = 16.7K

;-0

Crooks in MNA...


Friday November 14, 2008

A former British ambassador has been handed a hefty fine after he confessed he secretly asked a friend to buy shares in his mining company just weeks before a major takeover deal.

Richard Ralph, who was Britain's official representative in Peru, Romania and Latvia during his diplomatic career, was told he must pay the Financial Serices Authority (FSA) 118,000 for insider trading.

It was when Ralph was serving in Peru that he established close links with British mining company Monterrico Metals, which operated in the South American country.

He joined the firm as executive chairman in 2006 after retiring from the Diplomatic Service.

The FSA launched a probe when suspicious trading in London-listed Monterrico Metals was noted shortly before its takeover by a Chinese mining consortium in February 2007.

This was a serious example of insider dealing by a person in a key position of responsibility and trust.

FSA statement

In January 2007, when the company was still in confidential talks over the deal, Ralph's friend Filip Boyen bought Monterrico shares worth 77,162.05 for himself and shares worth 30,533.59 for Mr Ralph.

Ralph admitted he had given Boyen the benefit of inside information regarding the forthcoming deal.

After the takeover was announced, Mr Boyen sold all the Monterrico shares, making a profit of 12,691.41 for Mr Ralph and a profit of 29,482.95 for himself.

FSA director of enforcement Margaret Cole said Boyen and Ralph had co-operated fully with its investigation "by coming forward and providing us with information about market misconduct and as such we were more lenient.

"But for that co-operation, we would have seriously considered taking criminal proceedings," she said.

The FSA described the market abuse as "a serious example of insider dealing by a person in a key position of responsibility and trust."

It fined Ralph 12,691.41 (the profit derived by Mr Ralph of the shares) and an additional penalty element of 105,000. Boyen was fined 81,982.95.

It is not the first time Ralph has hit the headlines - he was also involved in the Mittal "steelgate" affair when he served as Britain's ambassador to Romania.

Surprised no-one is around these. ;-)))

Made a lot of money on this when it first dropped to 100p and then recovered to 200p. Been watching closely ever since and aware of it's rise in the last couple of days. Haven't particpated because of the large spread + not sure I'd be able to sell back.