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Starting to feel like the latest in the line of supposedly positive events that will shaft shareholders. What on earth is the point of that system being in place if the shares are constantly marked down to accommodate those buys. Struggling to see anywhere on AIM bar the P&D where shareholders are actually rewarded for risk, and there;s a semblance of fair value. Christ knows where this would be if the broader markets were struggling like they were in Q4 last year. Total mess.
Best sellers tend to have a richness in the text, derived from extensive research. I'm not sure a string of one liners would cut it ck , unless you're a fan of arnie films. Illaquens, Dr's hit the nail on the head.
What is quite interesting to me at the moment is the number of posters that have started filling the board up. We have the regular posting die hard holders, now joined by occasional posting long termers (like myself), the multi posting crowd, which includes serial de-rampers from other small cap mining boards. This is a phenomenon which usually (but not always), precedes a serious rise in sp. If a couple of serial rampers (with new names), turn up, we could be in for a pleasant ride. That'll make a change from the rather unpleasant bumpy turbulence we've been experiencing so far. Let's hope so.
What a lot of old cobblers Joebop:) The only thing that reeks of something rotten here is the agenda of a few posters.
The share buyback may spoil a bit of lucrative fun for some, but coupled with some hopefully good news from KML, SFR drilling, the £564k dividend, and other potential sources , the buyback if well managed will be part of a sensible remedy.
Cashking I can't help but notice that your posts are always in the negative and that you tend to appear when the share price is under attack. With your incessant moaning I can't believe you hold any stock so it does make me rather suspicious of your motives! Just to illustrate my point here are a few of your posts on MTR from October 2018:
- [ ] I think I can spot a pattern here:) Note the exclamation marks. The only reason anyone would waste month after month trashing a stock would be to personally benefited pens if they say no to a mining license ?
Can you justify the mcap ? Personally I feel its overvalued @ present !
Do you class investing @ 3p 2.8p and 2.4p to being a success ? Mmmmmmm Doesn't really take much thought !
Now that's a solid update on Solg , maybe here one day ! The question is what's going to move Mtr s sp up for a change !
Profit margins evidently rather slim !
Not doing great !
Nothing to do with the poor performance of the trading arm or the poor timing and price of the placing !
Sp not looking good !
To prove up the other Ts and "Possibly " sell our 30% s , then there's the question of how MODs going to acquire them ,doubt very much it will be cash ! Then it begs the question of how much financing Mtr will need going forward till any payday ! Of note the company spent approx £283,000 a month on admin in the first half of the year ! There's also a possible 500,000 dollars to be paid to our new partner in Botswanna by December ! Then no one seems to know what the fees were for the Fundraise ,and why it hasn't it been mentioned ?
Re lots of rigs ! Sounds expensive !
Our Bonks bigging it up whilst dumping out ! Oh dear how many did he trap !
Well, given he low volumes I think it is fair to say most shareholders are staying put, but we don't know whether they are clinging on by their finger nails , remain totally unconcerned or somewhere in between. I think I'm in the last category somewhere north of the midpoint!
Of course the double entendre is if the company don’t do the buyback relatively soon, do we all assume info is coming so therefore pile in ? Or do we all assume that they are waiting for 1p so they can then say we (all us shareholders) have saved £31.63 by waiting and buying at the bottom of the cycle ? Look I don’t know but what I DO know is it’s coming at some point and as Dontpanick says, I’m clinging on because I’m certain it’s going to turn Nothward instead of the SP consistently turning Southward.
Quite a few comments - mostly not positive - on the issue of the share buy back. It's worth reminding people, I think, that MTR got shareholder approval only last week and is now - I suspect, but I don't know - unable for the moment to kick the buy back process off, as it cannot do so if it's in a closed period. This might be impending news on KML, Cobre, something else. Here's what last week's RNS said. Note the second sentence in particular.
"A further announcement will be made in due course setting out the parameters and mechanics of any share buy-back following the anticipated entering into of a sale facility agreement between the Company and its broker, Arden Partners plc (“Arden”). Shareholders should note that the Company can only enter into a sale facility agreement to effect a share buy-back when it has determined that it is not in possession of price sensitive information or otherwise in a closed period (either being defined as a “Closed Period”). "
It's a weird one this, it seems that on anticipation of good news the sp goes down, actual good news lands, the sp goes down some more, then more anticipated good news and the sp goes further down. It feels like what we need is some really terrible news to pep the sp up a bit. This does feel like a big tree shake to get rid of all the pi's like me, grimly clinging on by the finger nails. The bod, after all, can't stand the thought that the people that initially funded their beginnings might make some money out of it, so it looks to me like they're very happy for the price to be rock bottom when they buy back so that the microscopic rise that results from said buy back will still leave us plankton out of pocket. Cynical yes, but unfortunately more likely by the day.