Member Info for bertmonkey

Well Dusty, I certainly didn't see this one coming. I don't believe I've ever heard this company mentioned on here before today.

Totally agree, these are the sort of agreements we want to see going forward, and as test centre opens I believe we will see a lot more.

GLA

Great news, don't think anyone saw that one coming.

It's another possible income stream, without the need to fund anything.

No doubt Avioxx will be putting money up front for the build cost, PHE just get the sale of the units and the engineering service agreement.

PE, playing a blinder.

GLA

It's all a bit quiet over hear compared to how the i3e board was.

I said I would hold for 6 months and then look again. I'm hoping to see some trading update by then. It would also be nice to get some sort of statement as to the direction of the company.

I don't half miss that regular Dividend though!

All systems go!

They are not hanging about, and all figures are better than previously believed by Condor.

MTL have played a blinder, and all LTH's should benefit.

I'm holding and will even round up my holding when the funds arrive.

GLA

Saurus,

I beg to differ, I think from reading his post you'll find JF81 has probably been a member most of his life.

In fact he sounds like a massive Member! Lol.

Geo,

It should be there, I received mine with Interactive on the 11th Dec.

They say votes need to be in on the 30th.

Click on Portfolio, then click on Manage, and then click on Voting Mail Box.

There should be 2 things to vote on. Court Mandated meeting and other meeting.

I hope that helps.

I just re read it, and you're right.

I'd read it as we need 75% to vote against for it to fail not 75% in favour for it to go through.

Far from a done deal then!

I hope it does go through though, as I don't see anyone else making an offer, and the thought of JM and MC being in charge of our fate again fills me with dread. If this is the best they could come up with after 2 years, I don't see anything better coming along.

We were led down the garden path by the board as to the valuation, giving out figures of between 100 and 200 Million, and that was before the gold price moved up significantly.

So yes MTL probably have got us on the cheap, but it is only worth what someone is prepared to pay, and lets face it they've hardly been breaking down the doors to try and buy us.

So the way I see it is, MTL at least know what they are doing regarding getting the gold out of the ground. So as long as I hold on to my shares, It makes no real difference what MTL pay for us, as I should reap the benefits, the only way I lose is if the deal doesn't go through, or I sell my MTL shares before they realise the profit that is in the ground.

A long winded way of saying I'm voting for.

GLA

And wishing you all a Merry Christmas and a prosperous New Year.

Am I missing something?

We need 75% of the shares held to vote no to the deal, if we want the deal to fail. (personally I want the deal to go through, as I believe in MTL's ability). As the board hold 28% of the shares and they are voting for the deal, then doing the maths the deal is done.

ATB

It's up and running boys.

Roll on hot commissioning.

GLA

Hopefully give you all something more interesting to talk about today!

I'm with ii, it's in my account too.

It took a bit of finding as they've changed the website some what.

I too will be voting for.

Mind you as the CNR board hold 28% and are voting in favour, it's a done deal anyway.

Let's get it done and let MTL do what they do best, get the gold out of the ground.

GLA

Knowing how inept our board have been, you'll probably find it was a flour mill that they bought, and it's taken them this long to work out where the four big sails went.

Cheers Gt68i for posting.

I've just put it on the CNR board.

Hopefully it will calm a few people down.

I must say Darren sounds a top notch bloke.

Here's to all LTH's both MTL and CNR.

GLA

Thanks Gt68i over on the MTL BB for posting.

Worth a listen.

Darren does sound like a very good bloke. I do feel we are in safe hands now, and this will make us money. We've just got to wait a bit longer.

HttPs://youtu.be/es1OzjHCBUo?si=4L1TfbA6DZSNKCKO

MC will probably be sitting at the top of his lighthouse, counting his ill gotten gains. Keeping an eye out for disgruntled shareholders coming over the horizon.

I hope they don't let JM anywhere near anything to do with the running of MTL.

He has proven to be totally inept when it comes to doing anything but lining his own pockets. As for being a negotiator, I'm just pleased it was a company sale he was negotiating and not a hostage situation. I think the hostage would be well and truly dead by now. Either that or Stockholm syndrome would have set in long ago.

GLA

Having looked more and more into MTL, I am now of the opinion that although the price paid is still derisory compared to what we were hoping for, this could be best in the long run.

I was hoping for an all cash offer around the 60p mark so that I could invest elsewhere. However looking at what a good CEO Darren seems to be and how he has turned MTL around, I will now be voting in favour of the deal.

I have also just bought a few more thousand in CNR, with the thinking that, if the deal does go through I should be up about 4.5p on the shares I've just bought.

I'm hoping that with the deal being only worth 33p that Mark won't be receiving his bonus, because he certainly doesn't deserve one. Also hope they don't let him anywhere near the bod.

GLA, here's hoping for a brighter future under the MTL flag.

Would love to sit and have a couple of beers with this bloke. Just to find out what he thinks of how Condor has been run over the last 17 years, and more so over the last 3 years.

Let's get the best price we can and get rid of the two muppets who's been running this company into the ground for the past two years.

This was posted on MTL.

If this does go ahead, it does at least sound as though we will be in very capable hands.

https://youtu.be/-O5UOVAtpYw?si=fCrkP7WfNhaydx4Y

Thanks to Electric Lion for getting into debate over their. I see you're mostly making friends.

GLA

I can't see this offer not being agreed to by the board.

Galloway are in favour, which is basically Jim Mellon by another name. So why wouldn't the the board be in favour of it, because lets face it Jim Mellon holds most of the shares of people on the board.

Personally I think this is as good as we are going to get. Even though it is P*** poor after 2 years.

I hope I'm wrong.

Please someone tell me if I'm reading this right.

In addition, the Irrevocable Undertaking provides that Galloway shall vote against any resolution to approve any transaction or other corporate action which is proposed in competition with, or which might reasonably be expected to otherwise frustrate, impede or delay, the Possible Offer.

As I read that, isn't it saying that Galloway will vote against any other offer that may arise from other companies?