Member Info for AngryBadger

This drops, ultimately the more time we have to get back in under the 5.7p price that was paid to CNR holders. At currently prices this is around 10% discounted.

I think we may well see sub 4p, before things improve. Not complaining as long term I feel this will come good.

I can't for the life of me find it but there was an interesting economist video suggesting a move to $3600 for gold... but not before a drop to $1700.

A scary prospect in the short term if true but long term a good thing. I will try to find the link and post it if I can.

Maybe that is why they're saying nothing then. I'll give them the benefit of the doubt, but to be honest, I won't invest with them any further. Absolute relic of a broker, in a day where you can get commission free trades instead of paying £11.90 for a round in / out trade.

Still no sign of the CVRs for me and my broker is deadly silent about them despite repeated emails.

Still I'll keep on that them and see how that turns out.

Despite the feeling the deal wasn't as expected for many, I think most CNR holders know where their bread is buttered.

Darren appears to have hit the ground running, I was personally impressed with his Q&A shortly after the merger was completed and have confidence thing should improve. I'm not sold 100%, as there are risks with any investment, but I can tell you that I feel its a much better chance than the same old dreary board of directors CNR had running the show.

The fact that Jim Mellon is not 'in charge' and can be put in his place now is only to the good in my view.

"Beginning to wish Darren had waited another 6 months watched Condors share price collapse further picked it up for 20% less paid cash and we wouldn't have had to put up with the handful of moaning whining immature know it alls that have infested out once grown up chat board"

This is exactly the childish attitude that fuels these discussions. Cut it out and we can all move on. You're infesting the chat board with this kind of drivel.

Keep the blinkers on mate. I don't disagree that this should prove fruitful. But right now as this present moment, it isn't a win for everyone.

Done with the subject and have no wish to bang my head against any die hard MTL holders.

Again, this spins as 'we've done you a favour' but many (not myself personally) will take issue with that because of the deal that was made.

I think a die hard MTL holder, won't understand the viewpoint some hold unless they read 15 years worth of the CNR board to be honest.

To restate this wasn't the deal CNR holders were promised for YEARS, but it is progress towards a good outcome in my view.

To be honest, every day I check the board out and I see some back and forth between MTL and CNR holders.

I will simply hold my MTL stake and hibernate from this point on as I don't see that either 'side' has the capacity to just act as one entity at present.

Not asking MTL shareholders to share in the misery, so you've missed my point entirely.

Ex-CNR holders are going to view the 'hype' of multi bagging with a fair amount of caution. It's entirely possible to acknowledge that many Ex-CNR are at a loss here, even if the company prospects are largely better than CNR's were (which is true).

Everyone has a different length of road to travel to profitability. Just because you're in profit it doesn't mean everyone else is - something to keep in mind when dealing with 'negative outlooks'. Of course you could claim people need to make better investment decisions, but how does that help really - it just fuels animosity - which we should all be doing our best to avoid.

Again I expect MTL to do well, but coming from CNR, I fully appreciate why many feel upset at the price paid for CNR as it cements a loss until Darren makes good down the road - which I sincerely hope he will.

Pedro,

I will start by saying I don't wish to be negative as I view the situation we're in now as incredibly positive. However stating that the stock is a multi-bag investment is something that was previously touted about CNR some 12 years ago. You might think that this will change the viewpoint of Ex-CNR holders who still have skin in the game, but it will not.

The only thing that is going to change the mind of Ex-CNR holders is positive hard progress on getting this mine built and producing at this point.

Do I think Darren and the team can do it? Yes I do, everything I've read and seen of him leaves me feeling much more positive than 2 months ago invested in CNR.

Do I think that most Ex-CNR holders will be wary of any suggestions of multi bagging by previous MTL holders? Most definitely and who can blame them?

If Ex-CNR holders sell out, snap up their holdings. If they don't Darren's positive outlook should (hopefully) do the talking for itself given time.

Many have been invested in CNR as such as heavy loss (which the deal cemented for the present, whatever your feeling or my feelings on the subject) and they do not wish to hear talk of a 'done deal' multi bag as they have previously. Please try to understand that.

Give it a rest Surrey.

This isn't going to stonk up like some sort of Gamestop. Markets Ebb and Flow.

Who added more :D

X-O have added the cash to my account now.

Doing nothing just yet!

Time to sell up Surrey.

Ranting on these boards won't improve the situation for you or anyone else. Do yourself a favour and get out and find something else. Don't add to the number of people dying while waiting.

I think that analogy only extends as far as share price. I will be the first to admit that we were not debt free and producing!

Honestly, from reading the board its the same old Ex-CNR moaners that are still pretty cheesed off at the deal we got. I will say again, it was not the deal we were sold for years. The deal we were sold for years and years was NEVER on the table.

This deal was the best deal we were going to get in the current market conditions. If you're Ex-CNR, just put it to bed and either sell or embrace it. Nobody holding MTL prior cares what you do or, to be quite honest what you think!

I did some quick math, if you reinvest the same amount of cash as they pay out for the shares they forcefully bought as part of the the deal at 5p you would end up with 2.24x the number of shares accounting for the ratio of 4:1.

Anyone else using X-O as their broker for MTL shares?

I have no listing of the CVR's but have had the MTL shares since friday??

I would like to see Darren and co build the mine first and foremost, as that will provide capital to do said exploring further, effectively meaning La India district is paying for itself (hopefully) rather than hedging profits from Runruno.

We know it's worth building the mine already, so lets build it and then worry about expansion!

No fussed to see some drop in the price, it was expected the only annoyance here is the lack of £350 to buy those forced out shares at a better price!

Head over to MTL, you won't get much response here, since CNR has now been suspended.