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Minera IRL – a low price for Don Nicolas, but still speculative value?

By Steve Moore | Wednesday 30 July 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


AIM listed Minera IRL (MIRL) has announced that it has entered into an agreement to sell its remaining stake in the Don Nicolas project in Argentina for $11.5 million. The shares have slipped lower, to 10.75p, on the back of the announcement, but does this represent a buying opportunity?


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