Metals Exploration Share Chat (MTL)

Thanks for the reply Carefree. I realise they can't raise money below the nominal share value but I'm not so sure they can't create and award shares as part of an incentive plan. You sure about this?

If the share price was below the nominal value then they would not be able to issue shares under the incentive plan, hence the need for the capital reorganisation.

The board needs shareholder approval to be able to issue shares. The only permission that the board sought was for the issue of the incentive plan shares.

When the board has sought permission to issue shares in the past it has been voted down.

The purpose of the Capital Reorganisation as a whole is to: (i) enable the Company to issue shares in future at an issue price which significantly exceeds their nominal value; and (ii) create a reserve by cancelling the deferred share capital of the Company as well as cancelling the Share Premium Account
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Where does it say this is needed to issue shares under the incentive plan?

Tygra - If you keep posting nonsense then I will keep replying to correct it and post the truth.

"terrible management team" - who have turned the company around from the brink of bankruptcy and have managed to pay off $68m of the Senior debt over the previous 6 quarters leaving $12m of the Senior debt left to pay.

"the company is failing its shareholders and the price is half what it was last year" - or over double what the share price was just before Darren Bowden was appointed in 2019 (0.45p Dec 21st 2018)

"in my opinion there will be a cash raise for 'other opportunities'" - no resolutions were passed that allow the board to issue shares for anything other than the share incentive scheme.

"You can continue to post your nonsense and put your fingers in your ears as much as you want" - I posted your recommended action back to you and now you declare it as nonsense. So why should we take any further notice of you?

Price you can sell your shares for:

21-Jun-22 10:58:56 1.131 84,658 Sell* 1.10 1.20 957.48 O
21-Jun-22 10:35:03 1.131 77,506 Sell* 1.10 1.20 876.59 O

Again, this is a zombie company with a terrible management team doing nothing to add value or attract a new investor base. You can continue to post your nonsense and put your fingers in your ears as much as you want. The share price is declining and in my opinion there will be a cash raise for 'other opportunities' before any value adding RNS arrives.

My last post on this chat board, I'll come back when the cash raise happens or if there's a value adding RNS that moves the price. You will no doubt reply and state, 'deramper, troll', or some other accusation towards my motives for posting (clue, the company is failing its shareholders and the price is half what it was last year, that's the opposite of adding shareholder value).

Enjoy your echo chamber and goodbye.

Tygra - Following your recommendation regarding the capital reorganisation.

Stage 1.1- SP close June 16th 1.16p

Stage 1.2 - SP close June 17th 1.18p

It would seem that following your reasoning the capital reorganisation was good for the shareholders.

Who'd have thunk it? Oh, only about 98% of the vote.

Lee - The trolls give me the chance to correct their misinformation (lies) about MTL.

It was only nine days ago that the muppet was bleating about gold not keeping up with inflation ever and Bitcoin booming. Bitcoin was down 50% for the year when that statement was posted lol. It's dropped even further since then. Averaging about 10 posts of nonsense per day so clearly not in gainful employment.

Tygra is nothing but a troll, silent until he thinks he can pick at something, when he does he ends up looking an even bigger fool.

Tygra - Could you state which resolution gives them the ability to dilute further apart from the 3m shares previously mentioned?

The board was asking to issue 20.6m shares of which 17.4m have been issued.

The board does not have permission to issue any further shares other than the 20.6m in Resolution 10.

They now have the ability to dilute further. Let's see what the future holds. I'm off now, I'll check back in if/when the next dilution happens and what they intend to use the proceeds for.

All the best

Tygra - There are just over a further 3m shares left that can now be issued under resolutions 10 and 11. Less than 0.5% dilution.

Do you always over-react to everything?

Massive majority vote in favour of the 'capital reorganisation' allowing future dilution (will be with us sooner than some here expect), plus the obvious 'rewards' for failure:

'Further to the passing of Resolutions 10 and 11 at the AGM, the Company has issued a total of 17,461,835 new New Ordinary Shares (the "Incentive Shares") to members of the senior management team, in accordance with the 2021 Management Incentive Plan, as set out in the Circular.'

Let's see how many weeks it is before the share dilution. Tick Tock.

The trolls are quiet today, the wheels are coming off the world economy in a way not seen for decades, the future is unbelievably bleak, and the lies will keep coming from the governments, we are all going to be a lot poorer over the next few years, Crypto and most stocks will suffer badly, but gold will shine, it will become a haven and having a gold stock or two, or physical gold will be the play to have, it’s always when things look bleak that you shy away from at the time, only to wish you had taken the opportunity when it was cheap, look at oil when it hit $20 dollars and we were being told it’s a fossil fuel soon to be extinct, now it’s $120 dollars, and gold is being spouted as old hat, a bygone, Crypto is the new gold, your having a laugh, gold is physical store of wealth, has and always will be, protect your wealth and buy gold stocks or gold before it’s too late.

A little bit of blue in a sea of red. Choo Chooo

Greetings, and well done lee for the link.

I now have a conundrum

Is it propaganda.

Is it real.

Is it just what they need you to hear

Is it fact

The whole point is only time will tell - holding seriously

Roy

https://youtu.be/iDmTXW74XLY

Watch this video and I promise you this makes total sense, supports everything I have been saying for the last 2 years, PATIENCE

Lee - Resolution 11 will be voted against so that the existing shares cannot be diluted. The majority shareholders voted against share dilution at last years AGM.

GamblingAnalyst - If “MTL will soon be paying 50% tax where they previously were not - FACT“ is true then why are MTL currently attempting to recover taxes that have been paid during the tax holiday?

The Candy brothers have the most shares, be interesting to know their vote on the nominal value, can’t see them wanting new shares in the future, I think the Directors can be incentivised in other ways, rather than producing them free shares, cash bonus incentives for higher production, higher share price value etc.

I voted this morning, agreed with all proposals except for the share nominal value change, I think we should leave it at 1p.

Any thoughts on voting?

GLA

I can’t believe I’m sucked into a conversation with you, as you are too daft to understand logic, FACT you have no effect on my investment, the share price can go from 0.1p to 10p as I have nailed my beliefs to a debt free gold mine paying dividends and buying new mines, jog on

Emotive replies to conceptual ideas which a novice cannot understand

Roy (even less frustrated)

lee

I don't know where to start with that drivel you just spewed out. Referencing Aldi and Lidl to make some spurious point in retort to my factual statement of current events specific to MTL absolutely sums you up whilst you remain in complete denial.

There's no point arguing with stupid people, they drag you down to their level and beat you with experience.

I shall there for, 'jog on' as you so eloquently put it. No doubt a phrase you often use in one of those German supermarkets you reference.

Goodbye