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Mr Candy selling a couple of Million pounds of MTL shares doesn’t deter me from thinking MTL’s future is still golden.
I’ve purchased MTL shares at 26p and 0.05p over this period and the Candy brother have always been a threat to take MTL private for there own wealth.
I see the above as a bonus because he seems to have relaxed that threat.
Our main stay is our Mr Bowden who is a massive part of keeping MTL afloat and full steam ahead.
We have given him 6 million shares and the new Chairman the same so why would everything seem good with them two main employees if the share price was going backwards.
DYOR and I’m personally here for the next few years.
CV
I hold and will continue to hold mate, I still can't believe how undervalued it is and that's why I want it to be good to those who've held long term (us) and anyone who's new who's been watching the recent interviews and broker pieces on MTL. It's done now, doesn't matter to me as I have already bought my slice for this month, those who got in last week won't have to wait long to be back in the Blue (probably), so results and forward guidance should be the next mover of the price.
Have a goodun, paying over 5p again not long after market open so it's a good time to top up before the weekend. Might even get the results RNS today or Monday.
That’s my point Tygra, that news makes no jot in reality, only sentiment, and the market makers play on the news that effects sentiment, the drop in price was on low volumes and over egged by the market maker, he has now taken loads of cheap shares and passes them on to others today and it’s business as usual, the ones effected have only them selves to blame, sit tight, value your shares, hold onto them because MTL is cheap by all metrics, day to day movement is not important, step back and look at the 3 year chart and remind yourself why you hold in the first place, that’s my advice.
And seeing as though it's pay day for a lot of those on monthly wages, I would expect a lot of buying today and into next week. It shouldn't take long for the price to rise back through 5p so if you're still buying (like me), Candy has done us a favour. If you bought last week, you probably don't like him very much right now.
All the best
Morning
Lee, I haven't 'sold out or top sliced', I made that VERY clear from every single message I posted. And it's your opinion that 'it matters not one jot why Nick Candy sold a few percent of his shares', It's my opinion that it does matter, hence the market reaction to the major shareholder reducing his holdings by 3%. Of course there's value at 5p, that also isn't the point, the point is that MTL have gone from saying absolutely nothing and being invisible to the wider market for years, to starting a media campaign to attract new investors. Candy selling doesn't help or give a good feeling to any of the newcomers who bought on last week's highs and are now down around 20%.
So as for 'nothing has changed', well that's wrong, Nick Candy's holding percentage has changed, and so has the shareprice. Doesn't matter to my holdings because (as I've said previously but people choose to conveniently overlook the fact), it's not anywhere near my top slice target, which for future reference is 10p, so again, no, I haven't sold, I do what I always do, add a small amount each pay day.
Sentiment MATTERS on AIM, this company is where I have most of my investment cash, if I didn't see value I wouldn't be here. Doesn't mean I have to be blind to the actions of the people who own/run the company. It's bad form to sell/transfer so close to a results RNS, that's my opinion, and it was shared by the market.
That's all I have to say on it, let's see what the results are and hopefully Candy doesn't sell more of his holdings.
Nothing has changed, it matters not one jot to me why Nick Candy sold a few percent of his shares, it took a private deal and someone with deep pockets to take those £2.5 million pounds of shares from him, that entity obviously sees value in MTL at 5p
The important things that matter to me are we making profits? That answer is clear even without the Q1 numbers, because we paid off the last $19.8 million of the loan in 12 weeks, at Gold $250 an ounce lower than todays value, so I can guarantee you all that the Q1 numbers are excellent, and Q2 will be better again, so that and expansion plans are all that matter to me, if Tygra sold out or top sliced (I have a feeling that’s the case) then that does not effect me, or any one else.
The clear profits are flying in at $1 million every 5 days, just relax and let that fact filter through to the shareprice, we will bank more in the next 4 years than our current shareprice, if you cannot see value in that alone then maybe MTL is not for you.
Andysparra
I'm sorry, I wasn't aware this was a cult. I post what I want when I want. My 'tune' hasn't changed at all, the MAJOR shareholder's tune has, hence the TR1 detailing the fact a BILLIONAAIRE has decided to sell shares in the company he's literally just had his last loan interest and principal repayment for.
We are also days away from releasing Q1 results which 'should' have given the shareprice a lift due to the fact we are now debt free and throwing off cash. The fact that so many muppets infest these boards wearing blinkers and waving pom poms for the directors of companies, even when they dilute them into oblivion (not happening here before the children start piping up), is CULT behaviour.
The major shareholder selling millions of shares just when he's had his 12% and 7% interest on his loan and within a couple of days of results is bad form no matter how you try to spin it. The media campaign was doing well and new investors were/are taking note. The timing is terrible, and the fact we've gone from nearly pushing through 6p to 4.5p on the bid while Candy was doing this should tell you all you need to know about how it has been received by the market.
And nowhere do any of the posts by me and Overdog who started the thread talk about 'people talking about time to bail', my point was clear for anyone with eyes and a brain, set your target and take your profit when you get there. The same message I posted yesterday before the TR1 was known to us.
Candy knows it doesn't look good that he's suddenly decided to sell shares as his loan has been paid back, it doesn't affect gold production and it doesn't impact earnings. It does impact sentiment and the shareprice reduction speaks for itself.
If you want to sit there and ignore reality that's your choice, I say what I see and it serves me well.
Nothing more from me to you.
It is frustrating but not bad as it may seem. Typically bought almost double my holding in the 5s, but looking at the charts 4.4 should provide strong resistance, the price has fluctuated round this area lots in the past. I think I’ll buy a load more if we do drop to that level. I’m in here for the long run anyway. Looking forward to the update, hopefully they’ll be only pleasant surpises, but even then like lots of stocks, solid results get posted and the stock nose dives only to see it bounce back even higher a few weeks later. Anything can happen.
Annoying the spread is rather large, which is probably a good thing as I don’t bother trading it like I would some of the other stocks that are volatile like JD at the moment
Good luck everybody :)
Apologies overdog, my comment was directed to Tyrga
Not at all. Still holding all my several hundred thousand shares. A 10% drop in one day however, after the main shareholder in the business sells a chunk of his holding, is painful.
As I said in my earlier post, if the next trading update shows no surprises then within a couple of years the cash within the business will exceed the entire market cap and the mine, equipment and exploration potential will be there effectively for free.
Not selling until the SP is several multiples of where it is now.
Market makers have had a laugh at those today, 50 million shares is a small fraction of his holding, he still has 900 million, and you can’t off load 50 million without a buyer, a £2.5 million pound buyer, a entity with massive pockets and obvious confidence in MTL, it’s not a sound reason for letting go of the best Gold stock play by far, the results will show the money being spun and the market maker will make you pay hard to get them back, just sit tight is all you have to do, patience, the best to come is here and in front of you.
Your tune has changed in a week hasn't it
He hasn't dumped them onto the market. Check the volumes.
Somebody seriously wants in. How do you accomplish this with an illiquid share?
Buy a tranche in a cash raise? No cash raises needed so can't do that.
Buy on the open market? Try buying 50m shares without driving the SP into the stratosphere. Won't be doing that.
Buy privately from a large shareholder? Large shareholder gets fair value, new shareholder gets fair value. Win - win for both shareholders.
Somebody has just bought 50m shares in MTL and people think it's time to bail. Wow.
It's typical, they bleat about 'strong support' and being debt free entering a new era etc, and the majority shareholder starts selling scores of millions of shares while the company is attempting to attract new investors and institutions.
Looks like the up and down games (as expected) are underway. And as per EVERY company on AIM, set your target and don't put your fingers in your ears and 'pretend' nothing negative can happen to the company/asset. If you a point where you are happy to offload some shares for a profit, do so, or you 'may' live to regret it.
We need more clarity on growth and the current performance of Runruno, we shouldn't have but a few days to hear what it is. Q2 has been great so far with gold over $2100, let's hope it continues.
All the best, have a good evening
Bit worrying Mr Candy dumping so many shares after so many years a day or two before we get our next update from the company. However, as long as the results reveal nothing except business as usual then there is nothing to worry about. The free cash flow over the next couple of years will cover the market cap. Anything on top of that is a bonus and any further discoveries (Quite likely) are also in there for free. The gold price is magnificent and will be giving all the gold miners a massive boost.
A lot of buying this afternoon as well.
Been topping up this afternoon wasn’t expecting this opportunity bring on the results
Hi Lee - yes, my first buy was December 2007, so over 16 years ago now. I have 36m shares, 1.7% of the business.
I remain 100% confident about the future, though will eventually start slicing, much as Candy has done today. But this has a long way to go yet before we reach full value so I'm in no rush as I think are most of us LTH. My best to us all!
So somebody bought Mr Candy's 50m shares. They were not sold on the open market.
Not enough to trigger a TR1 but a sizeable chunk for a starting position.
Somebody clearly wants in.
My first MTL shares were bought Oct 2020 followed by two further buys in May and Sept 2021, so about half as long as accipiter. I don't post much but I'm still here in the background, holding on to my shares. GLA
I think my first MTL shares were bought about 2016 via Share Shop - remember them.? They were bought out by ii (Interactive Investor) so I lost track of the actual date. Through thick and thin I have been here and have no intention of selling.
Mr Candy is probably looking to buy a new yacht with his tiny sell. Him timing is interesting but staying in big time indicates his holding in cash terms will stay the same but more probably increase on Friday's expected news.
GLA for Friday.
You need help
He knows production nosedives ahead
Hey CV. Still here holding just over 3 million. Loving life feeling supremely confident. Everything going to plan with Metals and the recent gold move to over $2300 is an absolute bonus. Holding tight as I have for many years. Looking forward to reaping the rewards. gLa
Good to see he is still here, I wonder how many of us have seen the break through? I see around 20 different posters who you could say have a LTH status, I have been invested 7 years in MTL, who can claim longer, I think Mac must be one of the first here and holds 33 million shares if my memory is correct?
Who can claim longer unbroken investment in MTL?
How's Roy,
Some of the long term holders are very quiet but still lurking in the background.
Hope everyone is well.
CV