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Just compare 1st qtr numbers to CEY... gold sold 92 k oz revenue $191 mill aisc $1500/oz market cap £1.4 billion on a P/E of 20. MTL, gold sold 21k oz,revenue $44 mill aisc $1051/oz market cap £82 mill, so about a quarter of the production and gold sales at a much better margin, but a market cap 17 times smaller than CEY. now maybe CEY is over pried by 30% I dont know, but even on those metrics, this is a gift
It makes no difference day to day it only matters when you sell. I'm planning on holding for another 2 years and 10p as a minimum. Bought in at 0.5p 6 years ago and topped up ever since. Have 3.7m at present and topped up several times over the last couple of weeks.
I agree lee. I bought more this morning, the results will hopefully mention the start of dividend payments now that the debt is cleared annd they atrre stashing cashh away at $25 million a qtr. hoping for a 0.25p for year gone and ongoing 0.25p per qtr onwards.that would onlyy cost $20 mill a year.
I am buying and have nearly 7 million to be clear, day to day doesn't worry me as I have said, the cream always floats to the top and I no interest in selling a single share till we are in diuble digits, so I just wait patiently and add on any dips, this being just another, debt free and spinning $325k per day will do all the work for us, sellers sell and buyers buy, it makes no difference to the end results or the future of MTL for me, this dip is just caused by a large seller, once cleared the price will be pushed higher for those in any doubt what to do, patience is all thats required.
Who are the traders? Lol. I'm not sure anything is obvious, tbh. Results were good, but shares are down about 35% from ATHs!
Well you were mocking BMV but the shares are soaring there. Why? Because you’re getting fully JVd assets to production all for £7m. And they’re saying 100,000oz per year.
Quite obvious this board has become infested with traders which is the only thing at play… just remember the names
Its possible to sell when calm. in fact, its encouraged :)
I’m calm you’re the one fleeing for the hills LOL
There must be some force at work pushing the SP down. Possibly Mr Candy reducing his holding which I personally would welcome. Maybe though it's just small shareholders getting the jitters. The share price drops a little, they panic and sell and that drives further falls. I cannot foresee any nasty surprises when the results come out so will just sit it out. Shares rarely rise in a straight line.
As for Miss Bellamy, on here she bangs on about how the gold price is collapsing and it's all going to turn bad. On the other bulletin board that she is trying to ramp, the exact opposite, celebrates every tick upwards in the gold price. Bizarre.
JohnBriggs, calm down mate.
MinorMinor was lying about me. Simple as that. Nothing to do with negative speculation.
Just calm down and enjoy the day
Well done. Some crazy panicking going on here. 4kandles one day asking others to report a poster for claiming he was spreading negative speculation and then the next day pretty much confirming it and the fact he’s sold out.
Remember the names!
It should bounce when this debt issue is sorted and out of the way. That's the only reason I took a small slice at 3.7p. Can't imagine the results will make much difference because it's historic reporting. Q2 will be a stellar set of results (barring any unexpected downtime at the mine), so with a bit of luck, it will go back up (and through) 6p where it should already be but for this debt saga.
All the best
615,118k for me , lets see how much im up when results are out.
Staggering that an adult believes a loan agreement can be 'complex' and that is the reason for a misunderstanding. That is both absurd and wrong. I've never invested in a company that has released a statement saying a secured loan has been paid in full, only to be informed that actually it hasn't, oops, days/weeks later.
If it is 'misunderstood' then the legal team and financial entity who facilitated the loan are at fault, as is the company for not getting full clarity from the outset. DB has been telling us in RNS releases for MONTHS that the 7% rate applies and Candy agrees.
How has it taken so long to clarify the terms of a written document put together years ago? Do other companies suddenly inform their shareholders that their secured debts are 'complex' so they need time to make the issue more disasterous for shareholders?
The loan was secured against production and paid back according to what we were 'told' by the company (which was wrong). There's nothing 'complex' about it. Pay the interest, put it to bed, get back to focussing on what the company is supposed to be doing.
It's completely hammered sentiment regardless, people will now readjust their top slice target downwards due to lack of trust, I know I have.
Guys, from the actual RNS...
"This is contrary to historical assurances given by MTL Lux, including as announced on 24 January 2024 and 27 March 2024, that it agreed that the 7% interest rate would apply to its loans under the mezzanine facilities, with effect from November 2022. However, these assurances were given either on an informal basis or for a limited period only."
"However, these assurances were given either on an informal basis or for a limited period only." What does this even mean? I would take 'informal' to possibly/probably mean verbal only. 'For a limited period only' - well, what was the period? Was it even written down?
If folks want to invest their hard-earned on an outfit with this level of corporate governance then good luck to you. I'll grab a beer and some popcorn and see what happens from the sidelines
Who said the results were today? they were on the 21st in 2022 and 16th last year, so anytime in the next week. calm TF down
How is it possible that it's both watertight and up for debate? It doesn't sound watertight at all. It seems like it was an informal agreement. If MTL had it written in black and white they would surely simply dispute it.
I know it's not as ridiculous as two mates at the pub verbally agreeing, but it's not far off, either. Does not inspire faith in management - what else don't we know?
it’s clearly nonsense to suggest the loan agreement wasn’t written down or was conducted on a nod and a wink.
there are two parties in any loan agreement and all parties would need a watertight contractual agreement, indeed, this is more important for the lender than the borrower as they need to see their money back.
the nature of such agreements can be complex and clearly, there has been a misunderstanding over the complexities of some of the finer detail and this is being reviewed.
it’s an unfortunate distraction but come on folks, *** packet agreements just don’t exist when borrowing millions 😂😂
Watch the interview that is coming out today on BMV
It's 3.7p to buy (6433 shares) through HL. Looks like it's still going down further but I have taken a small slice just in case the CEO informs the market and his shareholders why the company is tanking AFTER he supposedly paid back all its secured debt.
Just a thought DB, bit of 'in the interests of shareholders' and all that.
If this hits 8p-10p you'll have certainly earned your risk premium!
40% down from ATH despite good results. There must be more to it than meets the eye, shares don't just collapse for no reason. The market really doesn't like the fact that the company didn't get the terms of its loans in writing. Even an individual lending his mate money would probably get something in writing ffs. It's beyond pathetic, doesn't really matter how much money it costs because it points to a MUCH bigger issue with the company and its governance imo. And on AIM, all you really have is trust in management (or a lack thereof).
When people start using words like “bedwetters” for people who have sold out because of risk and claim to know what the share is going to be in a year you know they are delusional gamblers and you should stay clear of their toxic nonsense.
Complete and utter typical AIM share regardless of the supposed value from mining operations. Obviously DB is a Saint so the fact HE arranged a loan agreement that is 'still' ambiguous and misunderstood by everyone involved is not his fault in any way at all. It's those pesky market makers (who set the price, see the trades, process the large SELLS) that are suddenly doing this to MTL because they 'want your shares'.
Pathetic, the delusion is astounding, as is the cupping of the CEO's nutsack as he presides over a company created clown show while the major shareholder sells off chunks of his holding. The fact Candy is now asking for millions more in interest doesn't exactly align with the piffle put out in RNS releases and interviews about having his full backing does it? (Rhetorical)
This is exactly why I suggest taking profit and top slicing in companies like this. Keep a main holding and add to it if you think it has some legs in the future (nobody knows, nobody), and trade another pot taking profit (how to make money and not lose money).
This is terrible for sentiment and should've been put to bed months ago. If the interest is so trivial (as repeated on here by posters who have seen over a 30% drop in their holdings since the recent highs), why doesn't DB just put his hands up, pay it and then close the book FOREVER on this debt debacle?
Clearly all is not well, possibly/probably Candy selling down his stake again, hopefully it's nothing more than a large seller, but as always, shareholders will be the last to know (after the BoD and Candy et al have 'arranged' their finances accordingly).
Time will tell, I feel sorry for those buying in at nigh on 6p recently, they've been well and truly kicked in the teeth.
Yeah there is clearly something going on, which is why the main shareholder is selling out. That was the clue.