Member Info for AngryBadger

Can't buy if nobody sells though can you? The question is where do want to see the shares held.

Random PI's or possibly Drachs, if it is Drachs?

@pedro you ok bro?

Its just that in your very last post you didn't mention CNR 3 times....?

I should says "worth more than its current value" Apologies.

@pedro

Cash profit but only if you think this is a fair reflection of the value right now... this is RIDICULOUS. If you manage to convince yourself (which I assume you have) that the share is ALWAYS worth more than you pay for it you will NEVER take a profit.... until one day some bad news ruins your day.

I implore you to read Ben Grahams book "The Intelligent Investor", it might teach you to let go of emotional attachment you clearly have.

if I were 200% up on my investment and I was sure this could triple I'd have taken the majority of the profit from this long ago and put it to work elsewhere.

@pedro, yes well done I stated that finding it was the challenge, you've confirmed you can read!

Conviction is relative, you could easily say someone has the conviction to keep their money working, rather than just sitting. Again, at no point am I saying MTL is a bad investment.

An easier way to put it is that all investors must stay grounded.

Consider old guard MTL holders, who got in at 2p, they're sat on 3x their investment. You could consider that they are pretty safe, can sell out at a reasonably healthy profit even if the share goes south (which I'm not saying it will). In that respect those holders are relatively well grounded.

On the other hand, you have The CNR converts, many of whom aren't currently in profit and don't expect to see La India build for two years. It cant be consider reasonable grounding to watch the SP slide back to 4p (further into loss, since they were at a loss in CNR - which I will reiterate is NOT the fault of MTL). Relative grounding for these types of people is going to be "Where does my money work best, and is it worth the risk?" and the answer will be yes in some cases.

I think I cannot state this clearly enough that the viewpoint one might take on a share depends entirely on the price at which they invested in it - the sooner we all realise that this is a possibility, the sooner we can move away from all the usual back and forth.

MTL has obviously been a fantastic share for anyone getting in at 2p and I will be the first say that if I got in at 2p, I would be taking a little profit off the top and I would also NOT be moving any of my holding out of MTL - The upside is huge from that position. But not everyone is in that position.

@Lee, probably best to just accept that somewhere out there on the stock market, there is an investment you could make with your entire MTL holding, which would more than double well before the MTL price doubles, therefore allowing you to end up with more MTL value than if you just held.

Granted the challenge is finding it - I would probably amend my comment to say that its best to accept some investors will value hunt constantly, with emotional or FOMO on the stocks they hold.

Buffett doesn't hold stocks because he likes them, he holds them are the best current investments he has found. If he finds an investment better than his worst 'good investment' he will sell out of that and invest in the better choice.

There is nothing wrong with die hard holding, if thats how people want to invest - but to couple that with "I don't see why this person wants to sell, this is a great investment and its going to triple" or similar comments.

People didn't see the 2008 financial crash coming. But Michael Burry did? How?.... He looked!

Now obviously I'm not saying this will crash. But what I am saying is you don't see better value unless you look for better value which some people are doing.

Same old thing, original MTL holders touting that MTL is the best thing since sliced bread.

I am not saying MTL isn't a good investment, lets be clear about that. However for those two have the conviction to make the money work elsewhere now MTL is not THE BEST investment, because the price isn't moving.

There is a risk to this of course - you could sell all of your MTL and lose all your money on other stocks, never being able to buy back into MTL at a later date prior to La India coming online.

There are those that see MTL as a good long term investment and they are happy to let the money sit not appreciating (and in some cases depreciating - point in case anyone who current bought over 6p. This comment is to combat the usual "I bought in at 0.0000002p crew and I'm 6 million percent up" crew).

At the end of the day if you got in low and you're in good profit and happy to hold - good luck to you.

If you want to sell out and make the money work elsewhere with a view to reinvesting later - good luck to you.

This game is all about levels of risk. How much you are prepared to take and how much you expose yourself to the market with your investments. At its core its a simple principal in a much more complicated game.

Whatever anyone decides to do good luck to you all.

Actually Pedro, what is better is neither constant downside, nor upside. But a balanced view.

Talking of gold price nearing $2950 now.

Those $2500 estimates are getting more conservative by the day! GLA.

Probably no need for the words "Half Term" and "on" and you can rearrange the words that are left to give some insight into the quality of the comments today.

Up to $2932.20 at the time of writing, $32 ish so far today.

Interested to see where it ends up.

Did anyone catch the news about Elon considering auditing Fort Knox? and the strange amounts of Bullion leaving London bound for America?

Some concern its not all there, that will send gold price crazy if true. But I do think It'll all be there by the time someone actually checks! Interestingly the last time an audit was conducted was 1974, and prior to that a full audit was done in the 1950's.

The La India mine of course won't be built and producing before that comes to a head, but you never know what crazy conditions that'll cause I suppose. Buffet has sold his entire S&P500 holding (about 0.1% of the portfolio) and the S&P500 weighted to about 33% top 7 stocks.

A very interesting time for the gold price ahead!

Are you STILL going on about this?...

I would have thought you'd have left that behind by now Pedro. Do try your best.

Wonder if it has anything to do with the US markets being closed, perhaps some routes for trades are not operating and therefore trades are slower or delayed?

@Lee Please stop with the unending opinions that MTL is the best thing since sliced bread.

This isn't the Americas all over again, people are not flocking to search for gold. Right at this moment there is no URGENCY (which you appear to be trying to create with this last post) to invest in MTL. It's possible that if someone wanted to get in, they could get in at a lower price than 6p, based on.

I'm in no way trying to say that MTL isn't doing good things or heading in a positive direction - that is the case based on the numbers, and the info from the BOD. But I do think that the way you go on about your own opinion of the stock, you're overselling it for where it is right now.

It would be much better for everyone if as I said before as a group we took a much more tempered (but overall positive) view towards the company. It appears to be likely to do good things but nothing in life is certain and trying to convince anyone otherwise is how fools and their money are parted.

The drill here needs to be discuss, inform and evaluate in a constant cycle while managing risk and picking investment points.

Maybe he bought it to make CNR look more attractive.

I'm sure someone would run the numbers on what the deal might have looked like without it. It would need to be sourced and the logistics priced in to get it to where it needs to be.

Maybe its worth more than 5m now with the increase in gold? who knows!

One less headache to think about.

@Lee, as I said.. we're not really up from an Ex-CNR perspective. I do believe we'll be ok long term. If we're all being honest the short term movement of sub 1p swings doesn't really matter too much. Perhaps it will provide some more opportunities to get in a bit lower yet before march.

Yeah, thats fair, trading in the range of 5-6p isn't really a move up. Just kind of sideways movement. It doesn't really matter long term as there are good prospects. Still a few CNR Sellers to exit IMO, expecting 'solid ground' on that score from March.

Up is relative to whatever price you want to start from. Bear in mind we've been at 6.2p before this and we're below the 5.7p deal point.

I guess you could consider it to be up if you bought it sub 5p

Darren hasn't made me cry yet...

Discussion about why that is might be interesting. What makes these 8 chosen miners worth the mention and not MTL?

i.e: Why is MTL not considered to be as important as some on this board consider it to be?