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
______________________________________________

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

http://money.independent.co.uk/personal_finance/invest_save/article1603795.ece

Published: 16 September 2006

MONTERRICO METALS

Alan Garcia, Peru's new president, has been supportive of Monterrico's planned Rio Blanco copper mine. Building is expected to start in 2008 and production in early 2010. If it finds a partner to share the 550m costs, it will own Peru's largest copper mine, one of the 10 biggest in the world. Monterrico's shares should be tucked away....................

Some nice buys at the end, 10K and 22.3K.......directors ? Find out Monday.

Peru's PRO-Mining President and Government start the ball rolling on other projects - is anyone doubting that MNA will get those permits come Q1 07 ? I am not. This government wants Peru producing as much copper as possible, and along with that comes MNA and their project.


http://www.bnamericas.com/story.jsp?idioma=I&sector=7&noticia=367331



ProInversi launches Michiquillay bidding - Peru

Published: Friday, September 22, 2006 11:04 (GMT -0400)

Peru's state investment promotion agency ProInversi launched Friday the bidding process for the Michiquillay copper project in Cajamarca department.
Michiquillay is a porphyry copper deposit that contains "reserves" of 544Mt grading 0.69% copper, 0.1-0.5g/t gold and 2-4g/t silver, using a 0.4% cut-off, according to ProInversi.
A feasibility study exists for a 40,000t/d open pit operation.
Interested companies have until November 25 to pre-qualify for the auction, which is programmed to take place on December 16, according to documents on ProInversion's website.
The bidding rules and contract are now available from ProInversi and the base prices (minimum offers) will be announced on November 15.
The contract to transfer the 19 Michiquillay mining concessions to the winning bidder is divided into an initial four-year exploration and a subsequent three-year implementation timeframe.
A bankable feasibility study must be completed during the first stage and both periods are extendable by two semesters, subject to extra payments.
The auction will consider the amount offered for the transfer of Michiquillay and the amount of promised investment at a national level, according to the bidding rules.
Michiquillay is in Encada district of northern Peru's Cajamarca department.

The market appears to be doubting according to the chart. I believe there is huge potential which is why I'm in. I hope that I'm right.

From the chart you can see it peaked too early, as Richard Ralph said "like a premature ejeculation".

However, there are some key events in the coming 6 months that will redefine the company, and the SP.

First up is the technical completion of the BFS, due in October. New CEO, due October.
Final permit approval, anytime from Dec 06 to Feb 07, and the BFS complete by end March 07.

Now, those are events which mean that the MNA share price should be much higher.

The previous up was mostly on speculatin of a takeover, however, I cannot see anyone interested until permitting is approved, then perhaps they might be.

So all in all, a very exciting 6 months ahead, after a very boring 12 months previous.

Let's hope so - next stop October then :-)

Strong day today, lets hope more of the same next week.

A post from TMF today - http://boards.fool.co.uk/Message.asp?mid=10197041


"I received this note from my broker this morning. It's a BUY recomendation from Numis Securities with the heading:

WHY IS NOBODY BUYING THIS SHARE?

Morning Meeting Note
29 September 2006

World-class copper project at Rio Blanco advancing towards feasibility study completion

Feasibility study: Key details of the Rio Blanco feasibility study on operating and capital costs should become available to the market in the next two to three weeks. These details are being confirmed by independent consultants to the project.

Management: A management reshuffle led to the resignation of Chris Eager and Robert Guy. The new chairman, Richard Ralph was previously the British ambassador to Peru endorsing the project in diplomatic terms. Jeff O'Leary, formerly head of mining M&A at HSBC is also a director. Jeff's technical endorsement gives us great confidence in the quality of this project and confirms our belief that this is a world-class quality copper project.

Market selling: many reasons are given for market selling we believe these excuses are largely unwarranted and should not present significant reason to sell the shares.

Farmers local farmers may show some opposition to the mine, but the absence of settlement in the region and little farming activity should provide little opposition compared to many other areas.

Change of government - the recent change of government appears to have returned Peru to pro-mining governance. Boarder area many mines operate near to sensitive boarders around the world. This is an issue, which rarely stops mining activity.

Other projects: management should spin out the other projects in the Monterrico portfolio, which may distract the team from progress on Rio Blanco where the most immediate value should be gained.

Conclusion: We are raising our target price to 607p from 476p due to our higher long term copper price of 150c/l from 140c/lb. In reality we believe the Rio Blanco copper project has far greater value than our target price suggests. This is a world-class copper project along the size of Antofagasta's giant Los Pelambres project and is a company-making project in our view.

BUY

Target upgraded to 607p from 476p

Current share price 173p

Target Price 474p

Market Capitalisation 45m

Current share price(s) timed at 4.30pm on 28/9/2006

I will be picking up some more."

Thats one bit of news from the Numis note, along with the new CEO appointement due October :

"Feasibility study: Key details of the Rio Blanco feasibility study on operating and capital costs should become available to the market in the next two to three weeks. These details are being confirmed by independent consultants to the project."

I'm definitely expecting this to be a star performer in my SIPP. A relatively small holding, but a return to 5 would be nice. ;-))

Looking strong, actual bid being offered is above published mid price.

On line its :

Bid 195p max 10,000

Offer 197p max ONLY 100

Buy orders to be filled it looks like (not forgetting plenty of news due this month)

A very nice read here from 8th Oct 2006 Mineweb article on MNA.

http://www.mineweb.net/junior_mining/255324.htm

Excellent article PapalPower.

Very interesting read Papalpower - thanks

TOP PERFORMING FUND ADDS MORE MNA 'on weakness'.......

Stellar growth sees Old Mutual fund top sector

by margaret taylor


Group's top-rated smaller companies team produces almost double average sector growth over three years

Daniel Nickols' Old Mutual UK Select Smaller Companies fund topped the UK Smaller Companies sector over three years to the end of August, growing by 111.97% bid to bid against the average fund's 69.48%.

According to data from Standard & Poor's, the portfolio was the second top performer in each of the three discrete years under examination, having returned 18.26% against 13.45% between September 2003 and August 2004, 40.88% against 31.02% during the following 12 months and 27.23% over the final year.

Looking at recent portfolio activity, Whiteoak said he added to a number of positions on weakness with Monterrico Metals, Paragon, Rensburg, Titan Europe, Imprint, Punch Grapix and Playtech among them.

"These companies all appear to have strong trading backgrounds and undervalued share prices," he said.

read full article here >>>>>>>>>>>>>>>>

http://www.investmentweek.co.uk/public/showPage.html?page=348650

Fill your boots at these levels.....I hope!

Nice to see it tick up on a 5K buy earlier

Nice start to the week.

L2 now 2 v 1 @202/210

Another good day :)

L2 now 2 v 1 @213/222