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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.