Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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another £50k also filled after
This was part of my buy order filled
02-Nov-20 14:47:30 19.75 250,000 Unknown* 19.50 20.00 49.38k O
I have a large buy order in at a number slightly below where we are now, if you don't like holding here now is the perfect time to sell, you wont have any trouble finding a binder until my order is filled
It’s interesting seeing TRR for example (a Co I like but don’t hold). If one has the mindset that MTR’s only value is that of the SFR 2% NSR. That one Royalty will be worth more than all TRR’s current royalties put together, we just need proof and that’s coming.
I think one area that retail PI like chasing is gold in Paterson , Pilbara etc I would have been nice to have had some project level involvement . As you can see at THR it’s the gold in WA that brings momentum.
Agree with your comments re no new retail PI’s interested which is why I think MTR are dual listing on ASX. Many retail PI appreciate what MTR do much more in Oz.
Saying that we have got bigger institutions get involved. Hydrogen’s fund mate being one picking up 7%.
I agree that Investment Co’s aren’t everyone’s cup of tea. I personally think MTR is more than that with royalties and direct project involvement, but the point is well made. They don’t just hold shares that go up and down and impacts NAV as most investments Co’s do.
Retail PI’s love shares that will make them 100% in 2 days and chase those companies, many of them have either no decent assets, or have assets that will need many millions ploughed in that they haven’t got +/- good PR, which allows momentum to build.
So in MTR’s case you have some LTH and Instis that don’t really trade and complete lack of retail PI’s to give any volume.
I am hoping the ASX listing allows the Ozzies to buy and then arbitrage give the Aim listing a boost.
It is quite clear that Michael, especially now the London office has closed, doesn’t play the London broker game and the probable manipulation that occurs with it. Instead MTR has linked itself with Ashanti, Tamesis etc. Who are involved with some pretty meaty deals.
Initially I thought of MTR when Michael took over as an extension of the old MTR. It isn’t, so I have adjusted my timelines. MTR will be a divi paying company but that probably won’t be until the NSR pays out .
Too many other good opportunities out there. This board has failed to deliver the value they promised. Investment companies just aren’t worth investing in these days it seems.
Chaps, I hear what you say about the potential, the quality of the assets and argument that the market is not valuing MTR correctly but the fact remains that apart from the rise to 6/60p ish in early 2016 and a couple of flirtations with 3/30p ish since , MTR's share price has trundled along at or around the current level-2/20p ish, so unless you had the good sense to take advantage of those brief highs MTR probably hasn't done a lot for your wealth (or health!).
Since the "transformational" SFR/MOD deal we've seen a lot of investment activity by MTR. We've seen excellent publicity come our way courtesy of I.C. We've negotiated royalty deals which must yield good returns at some point in the fairly near future not to mention the SFR dividends which are not to be sneezed at but the SP is still becalmed (I almost said moribund but that might be a bit of an exaggeration) and whenever we do manage to add a few pence to the SP on the back of good news we can't hang onto the gain-we inevitably slide back as we're doing now. I can only assume that as soon as investors see any sort of profit at all, however modest, they quit because they see no prospect of MTR breaking the cycle any time soon.
As I see it there are only 2 things which are going to get the SP moving-the royalties from SFR being given a value and Cobre making a significant discovery to which a value can also be attributed and whether these events will break the cycle I have no idea. I think as far as the wider investment community is concerned MTR has acquired a reputation which is holding it back and dissuading new investors from coming aboard resulting in trading volumes here being so low. If we can't attract new blood the SP will inevitably drift lower because there will always be sellers (for a variety of reasons totally unconnected with the company).
Notwithstanding all of the above, I'll continue to hold for a while,(not least because the SP has now slipped below my break even point) but MTR has to deliver sooner rather than later for me now otherwise I'll be selling the majority of my shares as soon as I can get a half decent return.
Indeed and I don’t think TG’s shares have gone anywhere. Still showing as near 5% holder as of 16/10/20
The markets are obviously jumpy.
Not long ago we were 28p
It was anticipated that the MRE was end of Sept so some traders have probably sold.
We have the most significant event since MOD sale coming up the initial MRE. Sat images showing more drilling south west of grid.
Meanwhile although some currently down we have the next background big win SAU, CBE (especially after KML deal). These have been a bit slower producing goods but Covid really has had an impact in flying in to S Korea and western Oz.
Meanwhile cost free we will have exploration on the new areas in Bots to increase our NSR (once I fill complete at A4 xlooks like lots of infill done so will give increased confidence in resource)
SFR also position themselves nicely from our shareholding with the new tenement next to Degrussa and the deal re Cobar.
Although not a huge investment £500k, the GGP results have perked up my ears to the tenements next door at ARV Artemis (which MTR own). Although they aren’t starting off in micro cap levels like GGP (because they own some decent stuff in Pilbara) I still think some decent drill results will multibag them
The board don't control the SP, they control the company.
MTR has some great assets , the SP doesn't reflect the true value of the company IMO and of course the opinion of IC amongst others.
Look at the value of many listed companies since COVID, MTR has done well to stay around these levels, I'm pretty much the largest shareholder and will continue to add for sure
The Company’s target is to deliver a very high return for shareholders . From RNS dated - 20/06/2017
The Company's target is to deliver a high return for shareholders. From RNS dated - 30/10/2020
They didn't achieve their first statement, so far haven't delivered or appear unlikely to deliver on this, current statement.
I would guess that next year this line will change to 'The company's target is to deliver a return for shareholders', and by 2022 something along the lines of 'The company simply can't be bothered, so whatevs'.
The most unloved, frustrating company on any market.
Thanks
Might Buy A Few @ 15p !
Can someone post a link for CBE please. Thanks in advance