Metaline Contact Mines (MTLI)

[Lebaneseproud]

Zinc prices touch 5-year high as metal traders bet on Chinese rebound ( http://www.scmp.com/business/markets/article/2041761/zinc-prices-touch-5-year-high-metal-traders-bet-chinese-rebound

Hopefully will help returns from the Teck Pend Oreille lease

[monda2frida]

Agree with this:

Bottomline, this company has a clean balance sheet, supposedly cash coming in and real assets in these properties and rights.


I'm thinking another shareholder dividend or buyout could be possible.

[Lebaneseproud]

It would be nice if MTLI issued another dividend to its loyal shareholders. If MTLI has actually received the payments due for Golden Chest according to the last know terms of the deal, then they should have enough cash on hand now to at least double the size of the last dividend issued.

[Lebaneseproud]

Yep , saw that last year about the MTLI zinc property that Teck leases.

[Lebaneseproud]

If MTLI ever chose to sell those mineral rights and properties outright , they can get huge bucks. In addition they are supposedly getting cash yearly from the Golden Chest sale.
Although if you follow the NJMC , and MOZ(Canada) press releases, you would see there has been some recent news on Golden Chest there.

Bottomline, this company has a clean balance sheet, supposedly cash coming in and real assets in these properties and rights.

The big concern I have right now is there has been no update to financials at the company website since 2013. Hope that it not because the buyers of Golden Chest are not making the payments. The terms of the payments were already changed once but we have gotten no updates or news since then. According to the terms , they should have a lot more cash on hand now then they did when the last dividend was paid to shareholders. Hopefully they got this cash and hopefully management has not been taking it all for themselves.

[monda2frida]

Pend Oreille/Metaline Zinc Mines

Metaline Contact Mines owns mineral rights and properties to over 8,200 acres in the Metaline District, located in Pend Oreille County, northeastern Washington State. The Company leases approximately 8,000 acres of these rights to Teck Cominco American Incorporated, the U.S. subsidiary of Teck Cominco Ltd., the world's largest producer of zinc concentrates.


http://www.metalinecontactmines.com/projects_POMZM.php

[monda2frida]

Teck did re-open the Pend Oreille mine last year:

http://www.kxly.com/news/spokane-news/reopening-of-pend-oreille-mine-brings-hope/26185614
Published On: May 27 2014 08:01:41 AM PDT Updated On: May 27 2014 09:15:12 AM PDT

PEND OREILLE COUNTY, Wash. -
The improving economy is bringing hopes and dreams of work and stability to Pend Oreille County. The Canadian-based mining company Teck is reopening the Pend Oreille Mine, meaning jobs for more than 200 people.

For the towns of Metaline, Metaline Falls and Ione, it's a step towards putting the recession in the past. These communities were built on the abundant natural resources in the area. Deep within the mountains lies a treasure of lead and zinc. But, the price of zinc plummeted in 2009 and, as the mine goes, so go these small towns.

"You've seen a slow dwindling of people, a slow attrition," said Blake McAnerin. He lives in Metaline Falls and is recently unemployed. He's hoping this mine will bring new employment for him and many others.

Zinc is used to rust-proof steel. It's important for construction and in vehicle building and repair. As the construction and auto industries improve, the price of zinc has risen enough to make the mine profitable once again.

"We're very excited about this," said Teck spokesman Dave Godlewski. "We're excited for the new resource for the company but also very excited for the community... and we do hope to get some of those workers from the past back."

That's welcome news for the people who live here.

"This whole area is going to benefit from it," said McAnerin. "I just want to stay up here and keep raising my family."

Geologists say they are confident the mine has enough resources to stay open for at least another five years.

"Our intent is to keep exploring while we mine and there's potential for longer than 5 years as well," said Goldlewski.

[monda2frida]

.15, nicer ;)

[Lebaneseproud]

All quiet on this one for a long time. No news , no financial posting on website. Wonder if that means this one going under?

[monda2frida]

Yeah, unusual-maybe there hasn't really been much activity other than receiving the royalty payments & they decided it wasn't worth the effort to file? Holding my shares regardless.

[Lebaneseproud]

MTLI , No financials posted on website since Sept 2013.
Very unusual for a company that posted this stuff regularly for years. Hope thats not a sign that could mean they arent getting paid for Golden Chest or that they are taking all of the cash in salaries? Hope I am not reading too much into this.

[monda2frida]

Shares Outstanding 11,458,611 a/o Sep 03, 2013

[monda2frida]

.10 ask, then 2.00

[monda2frida]

.08 ask, cheapies

[monda2frida]

quarterly report out, more cash in the bank-maybe another divi coming?

http://www.otcmarkets.com/financialReportViewer?symbol=MTLI&id=108001

[monda2frida]

management discussion & analysis:

http://www.otcmarkets.com/financialReportViewer?symbol=MTLI&id=101525

[ErnieBilco]

Doesn't look like there gonna be any divis this year.

[monda2frida]

annual report out:

http://www.otcmarkets.com/financialReportViewer?symbol=MTLI&id=101362

[markflfl]

ok, trying bidding @ .06!!

[Lebaneseproud]

If they ever sell the zinc property that they are leasing to Teck, $1.20 or more can very well become a reality. And I do expect this company to eventually sell the zinc property. I think we have a possibilty of seeing yearly dividends for a longtime. This will all take time but I expect to make a lot of money on this one down the road

[monda2frida]

no sweat

[ErnieBilco]

I had to let go of a few of my .01s for something else.

[markflfl]

ok, watch!!

[monda2frida]

yes, that's what i show

[markflfl]

I`m suprise level 2 NITE $1.20 = True???

[monda2frida]

1.20 ask? i guess the .12 seller changed their mind, lol

[monda2frida]

lol, correct

[Lebaneseproud]

Not just you, all four of us that own it

[monda2frida]

.12, makes my portfolio look nice :)

[Lebaneseproud]

not worth .09??? You are right. Its worth a lot more imho

[markflfl]

mtli = 52 wks high .09 = not worth!

[markflfl]

Hello monda, mtli = .061 x .12 then $1.20+? strong buy?

[monda2frida]

thnx hd, patience pays :)

[hdsstocks]

Very nice monda

[monda2frida]

got my dividends, thnx MTLI!!:

05/03/2012 15:39:36 QUALIFIED DIVIDEND (MTLI) 103.07
05/03/2012 15:39:36 QUALIFIED DIVIDEND (MTLI) 75.00
05/03/2012 15:39:36 QUALIFIED DIVIDEND (MTLI) 50.00

[ErnieBilco]

Dang, wonder what other ticker has something for Apr 5th.

[monda2frida]

not that i saw:

PINE RIVER, Wis., Mar 21, 2012 (BUSINESS WIRE) -- Metaline Contact Mines (OTC: MTLI) is proud to announce the very first dividend in its 84-year history.
In a meeting on March 12, 2012, the Company’s Board of Directors unanimously approved a 1/2-cent per share dividend for all shareholders as of March 30, 2012 (the “Record Date”).

“We realize it is extremely rare for a junior resource company of our size to declare a dividend,” said John Beasley, CFO. “But, with the sale of our interests in the Golden Chest Mine, and the recently announced successes at the mine, it was time for a payback to our faithful shareholders.”

On December 15, 2010, Metaline Contact Mines sold its lease and royalty interests in the Golden Chest Mine, located in the Coeur d’Alene Mining District, near Murray, Idaho, to Golden Chest LLC, for US$1.24 million, payable over 8-years. Golden Chest LLC is a joint venture between New Jersey Mining Company (OTCBB: NJMC) and Marathon Gold USA Corporation, the U.S. subsidiary of Marathon Gold Corporation (TSX: MOZ). NJMC and MOZ recently announced a Canadian National Instrument 43-101 compliant resource calculation of over 380,000 ounces of gold at the Golden Chest Mine, and expressed optimism that this year’s 20,000-meter drilling program could significantly increase the size of the resource.

In addition to its interests in the Golden Chest Mine, Metaline Contact Mines owns approximately 8,200 acres of zinc-lead mineral rights in the Metaline Mining District, located in Pend Oreille County, N.E. Washington State, virtually all of which are under lease to a subsidiary of Teck Resources Limited.

Metaline Contact Mines develops and acquires royalty interests in mineral properties and projects of unusual merit.

This release contains certain “forward-looking” statements within the meaning of the Federal Securities Laws. Such statements are based on assumptions that the Company believes are reasonable but which are subject to a wide range of uncertainties and business risks. Further information about Metaline Contact Mines can be reviewed on the Company’s website at www.metalinecontactmines.com.

SOURCE: Metaline Contact Mines

[ErnieBilco]

I thought I saw April 5th on the paydate - its in the PR announcing the divi.

[monda2frida]

no. i've searched the daily list to see when the pay date is, but it appears that hasn't been announced yet

[Lebaneseproud]

Just curious if anyones dividend showed up yet in your accounts?

[monda2frida]

today is the record date for the dividend:

Metaline Contact Mines (OTC: MTLI) is proud to announce the very first dividend in its 84-year history.

In a meeting on March 12, 2012, the Company’s Board of Directors unanimously approved a ½-cent per share dividend for all shareholders as of March 30, 2012 (the “Record Date”).

[ErnieBilco]

I like the lack of ownership by retail - Means flipping should not kill any rise in pps.

[Lebaneseproud]

Thats because insiders own most and the three of us own the rest. Ive owned for years.

[ErnieBilco]

True, but for someone like myself who decided a long time ago to take a chance and bought a lotto ticket at a penny a share. The dividend equates to a 50% payout. So I have no reason to sell at .19 when the company is solvent and starting to pay dividends.

This is one of the few pennies that actually has a long term future for those willing to make the investment. IMO

[monda2frida]

i agree, and part of MTLI's business strategy is to "provide shareholders w/ a fair dividend policy"-that leads me to believe this is something that can be done on perhaps an annual basis. how cool is this-shareholders get paid a cash dividend while we wait for the huge pay-off down the road-glad i own shares:

Business Strategy

Develop revenue-generating royalty interests in mineral projects of unusual merit. The fundamental elements of this strategy include:

Acquire and hold royalty interests in mineral projects, with upside potential, that will be or are being exploited by quality operators;
Knowledgeable management with proven deal-making skills;
Provide shareholders with a diversified portfolio of precious and base metals revenue-generating mineral assets.
Experienced management, motivated by significant equity ownership in the Company;
Provide shareholders with a fair dividend policy.

[monda2frida]

well the lowest asking price is .19/share on level 2. if someone were to buy 5k shares, that would be a $950 investment to earn a $25 dividend-not exactly a great deal. plus, most i-hubbers are trading the next 20 minute "hot" runner play, so parking their money here for what could be several months/years for this to pay off doesn't appeal to most. but, someday .19/share could be real cheap for this stock, imo. i'm a long term investor here

[ErnieBilco]

And the fact that there don't appear to be any shares available IMO

[Lebaneseproud]

Its great news and may signal more dividends to come in the future as MTLI receives more payments for the sale of Golden Chest.
The real hidden value here that nobody talks about is the massive value and massive zinc deposits it holds the mineral rights to in Pend Oreille which it leases to Teck. When zinc prices bounce back and they eventually will when inflation kicks in from all of the monetary press printing of currency worldwide, you will see Teck or others look to buy the mineral rights outright and it will be for megabucks. This is the sleeper of sleepers.

[ErnieBilco]

This is bizarre - Dividend news and the board remains abandoned.

[monda2frida]

yes!! :)