The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I wish I had funds to add, but topped up 6k last week with the last I had of it sitting on 3.4mil shares now with an average of 0.7. Looking for 2.4p before my patience will get tested lol considering this sat at 3p when the issues and loss making were known and now we’re profit making and refinance by end of month.
The board is definetly lively today its always a good sign you are in the right place definitely feel the directors will definitely purchase when allowed as they know how much work they have put in and know what direction the company is heading.
Hi Roy,
I totally understand and I wasn’t thinking of you!
I was very jealous you had 10 million plus and fair play to you. I personally have purchased at 26p and all the way down. This is so undervalued and from previous gold mines (shares) BSRT have invested they only go on to multiple.
I hope you go on and earn some big money to enjoy yourself. I’m here to chat anytime Sir.
CV (man love)
To all LTH, enjoy the minions chatter, they are only here to disrupt, and it makes a lively board.
We all know why we are here and here we will stay through thick and thin until the day comes when we are old and grey with our servants and waiters on our private island in the Med.
Good luck all, I have had what one could say is a good day, and it is "Goodnight from him and Goodnight from Meeeee Yipee!!!!
See you back in the real world tommorow.
Roy
Sub penny, that ship has sailed, those thinking 1.45p is a spike, think again, we were 3p just over a year ago when the old management were losing cash hand over fist, we are a very different beast today, 7 out of 10 boxes are ticked, Refinance is the 8th box, 100k ounces annual gold is the 9th box, and the jackpot 10th box is a dividend paying, debt free business with the remaining land hank proven up to give us another 30 years of gold profits. Have a look at AAZ if you think that’s a unrealistic dream, it’s not, 10p is just a few years away, I have the time and patience. GLA
Someone called Moh looking to buy at 0.9 which is non existent now
CV - The amount of shares I sold represented less than 10% of my total holding - yes it is good to have foresight but there are times when your gut feel takes over and also I now have a healthy bank balance - ok it could have been better but also it could have been a whole lot worse.
On the Default front - they have not defaulted as yet - they are working to an agreement which they have honoured - it is up for review - and I am sure with their results and the gold price they are in KING POSITION.
Roy
Says the guy following Suhail around LOL - you cant blame him for not banking profit or you being spiked over at RLD.
The same guy who after a 80% drop at TLW to 40p was saying it will drop to 10p so you could make a few hundred quid on a trade, when others had lost tens of thousands. Glad you had your pants down today, scum like you deserve nothing more.
Go cry elsewhere please.
Sorry hold
I really like this share . Normal I don't good long . However I've kept these ones
Anyone that sells for less than 10p need there head looking at.
Obviously there are reasons to sell beyond our control but this is a fabulous chance to make some life changing money.
Good luck and hold your nerve...
CV7 blue
WELL!!!!!
Don't think I will be selling any more just yet - my heart goes out to Piotr - and Lee It may have given the market just the right amount of stimulation, I will not lose any sleep over it :-)
More to come this week I have a distinct feeling that we are so close to a positive result - it has been well worth the long wait and congrats to all who have persevered.
Roy
Could easily multi bag on re finance
I can only imagine you sold out of boredom Piotr, judging by some of your earlier posts.
I cant imagine many lth (some of us having held for over a year and others many years such as Lee, Jamie, Pharma, CV7) selling with where the market cap sits against where the company is currently at.
Refinancing will help push the market cap past current joke we’re at, but even then this would be undervalued and continue to rerate with confidence and an open season for directors to add to holdings given current closed period.
Directors were adding around 5p (last big buy was 250 grands worth). They didnt do so to lose money, he was confident then and with the new team on board i feel confidence will be at all time highs.
26% on low volume it definetly is christmas gla long term holders...
5p before I sell a bean!
Good luck all LTH
A great day!
I sold for 1.24, F.ck, kurwa, f.ck. Why me?
So far share price up 26% today. Can't be just buys as the 2m sold on Friday hasn't been mopped up yet.
That was me
It’s going to be hard for anyone to buy any volume without negotiating at a much higher price. When this was sat at 1.15p on ask to buy with multiple mm’s 500k shares was actually 1.30p via negotiated trade.
The same pattern will follow up to 2p and above.
Reason for some liquidity over the past week was due to a LTH needing some funds, i think he sold 2m.
65% owned by 2 major shareholders with around another 20% owned by ii’s. Then theres a number of pi’s holding large amounts that wont entertain selling below 5p - i reckon this accounts for at least another 10% of shares in issue.
On target to produce 80k ounces next year yet sitting at a feeble £25m m/cap - get the debt re-structure news and we could propel to £100m+ m/cap
Looks like something may have leaked
Given how hard it is to buy into this, due to the low free float i expect minimum of 3p on refinancing news.
10 months ago we were around 1.6-1.7p on rumour of the financing getting done, since then so much has happened and most if not all of it was positive (namely posting profits in each of the last 3 quarters approx 3-5m a quarter), gold price up from $1100 to close to $1500 an ounce and much more.
Todays price is a joke. It wont be for long imo.
Suhail good to have you back in here, you may have timed that buy perfectly with debt restructure around the corner. GL
When will the debt negotiations be done?
31st December is the year end for Metals Exploration and for the bank lenders. Companies like to get things in order for the year end balance sheet. While MTL is not significant for the banks overall, the offices that are dealing with MTL will still want to get things done.
There's a very good chance that refinancing of the debt will be finished before Christmas, or at the very latest before the year end.
If this happens MTL will no longer be a company in default of it's borrowings and the share price will surge. Here's hoping for a Happy Christmas everyone.