Member Info for adamk87

Agreed, with current global issues and the many wars that are brewing gold will always be highly sought after. Its why they toppled gaddafi and sadam - both wanted gold in exchange for oil (and were actively encouraging others in arab nations meetings to do the same) that didnt sit well with the west. Gold will always hold its value over the long term.

Finance has been restructed, albeit without us knowing where the initial payments coming from hence uncertainty, hence the share price (coupled with ruffer selling) Either way were ramping up production and 0 threat of default so this will come very good in the short/medium term as priced to fail (this mainly due to ruffer stagnating share price, selling into every rise - such as rns outlining restructuring terms, which some seen as bad but market liked). Patience will be rewarded.

Those topping up at current lows will be so so grateful to them come June

They’re out once we receive an rns confirming the same - cant be long now

I’ve added a few more just now too (100k) hoping come this time next week were at same levels to allow a chunky top up. Gla

I’l be dipping my toe in tomorrow morning https://www.barchart.com/stocks/quotes/WDC.LN/opinion 72% buy - buy signal issued - all short term indicators are saying buy. Barchart are good for certain stocks, this being one of them. Gla invested.

If you think about it, those spiked at 1p+ will average down now (or should) now we have confirmation aftabs f’d off Given the number of shares in issue, the price movement and the fact it really is valued at nothing already, can definitely see this shooting up to 0.70 range off small sustained buying (from those averaging down alone) as it moves fast and off very little.

Personally i think this is ready to fly. Dont trade often but very tempted to buy in here

Pharma you are to us, what Frank is to addicts. Topman

They are referring to rates of recovery, these figures were overstated which gives us more room for manouvre once this has been fixed. ‘Following the review, management have identified several material discrepancies in the operational data released versus the mine's actual performance and wish to make the following clarifications with regards to the processing plant's performance. This review does not impact gold poured or gold sales during the period.’ The gold poured and sold figures were correct however by stating the metallurgical recovery rate was 66.6% they were diluting themselves as at 100% we would have only been recovering around 84% which gives them more scope for better recoveries going forward as opposed to limiting themselves off previous figures. To me it shows DB knows his stuff, clearly he wasnt satisfied with figures put to him regarding mine design output. Its shows competence that comes with 25 years of experience in the mining industry. Were currently in 2nd gear and DB from his opening statement on arrival said his goal was to get us up to nameplate production and keep us there. I trust him, i trust his professionalism, competence and experience to take us from current lows to historical highs. Everything hes doing reaffirms my belief in him and MTL.

Jon you orite there dude? You do know your posting on lse and not texting your wife right?

Someone selling out heavy here

Doubt they’re fully out, we would’ve had a tr1 by now. Imo they’ve sold what they set out to in Feb and holding out for better value for remaining. They must have set themselves objectives as to how many they want out by when kinda thing and selling in line with that. Just my opinion

Ruffer are leaving aim bud, its not only MTL but across portfolio

Lee fascinating story, hurry and join the 3m club...some of us are closing in on nearly double that now! Lee this same scenario played out 2 months ago and those wanting cheaper entries ended up paying treble. You and others have provided insightful info, GT68 says perfectly, anyone in right now has chance of making biggest gains as until confirmation its still a gamble (kind of like everything else on aim). Like any gamble you weigh up the odds and stake what your confident with. For me thats well over 4m shares. bored of going over the same points over and over - 110% confident this is coming good very soon. Gla

At 0.45-0.50 hardly anyone wanted to buy thinking were defaulting. Those that did could have sold for more than 300% a few weeks and a shed load of comments on lse justifying their buy in later! Expect no different from here. Fundamentally sound, ramping up production. 15m im almost certain will get paid in a way that doesnt affect us for more than a couple of weeks at most if were dilluted to make up any difference, given quartely update in April will show an improved gold recovery rate and better production figures any dilution will be forgotten about. There were some selling at 0.45 last time round getting spooked by posters, and mm games missing out on gains. Second chances dont come around often... My opinion for price action is soley down to Ruffer selling, thats whats held the price down. Even the sp article mentions were only down % with ruffer selling which is surprising itself as they would’ve expected it to be down more given them selling (share price has obliged since the article). Mm’s read rns releases better than anyone and the day this supposed armageddon of an rns came out share price rose 30%, only for Ruffer to work their magik with a few sells.

Lee i imagine they’l be done end of month or first week of March so yeah thinking along the same lines as you. Their sells are quite distinctive 500k 1m 2m 5m - the past week which has been somewhat slow in terms of volume compared to last week of Jan and first week of Feb (1 day they shifted over 10m alone the day the board was full of new faces and 2x 2.5m delayed sells showed up after hours) yet they still managed to shift 10m shares this week (looking at trades, not including anything below 500k).

I would say between 20-30 million. Most of their selling came when we were hovering around 1.50 and massive selling at that What does everyone else think?

Lee i reckon they still have 20-25 million left to go. Wouldnt be suprised if its half that if im honest. We know brst aren’t selling according to latest broker notes, DB has reassured them he’l ‘turn things around very quickly’ - cant imagine any pi’s selling, recently we’ve had many millions sold and no pi in their right mind would sell at these prices (bar the odd 1k sell here and there) That leaves only Ruffer. Whats your guess?

MM’s know Ruffer are selling, most days buys/sells have been around the same they are taking Ruffer (and anyone else falling into that trap) shares at next to nothing and selling them that very same day at a profit (banking a fair few each day to sell into the rise) - they’ve been doing the same for a few weeks. Scaring folk with NT to sell hoping they pick the shares up even cheaper - school boy tactics, dont fall for them. When buys come in they’d shoot the sp up without any news, but were lacking serious buys as they’ve spooked the market with price action. Got to love the mm’s.