Member Info for bonker99

One more for the pot:

https://www.reuters.com/article/china-economy-trade/update-1-china-july-copper-concentrate-imports-surge-to-all-time-high-idUSL4N1UZ25F

BTW, re Escondida - I believe the latest "deadline" to avert a strike there ends tomorrow with a final (no, really) deadline, if both parties agree to continue talking, of another five days after that but then it's definitely Strike City, Arizona ...

I'm looking forward to seeing that actually - JB could do with a 21st century reboot imo.

Afternoon bwm :)

I'm still mulling over the fact that the major 52m width we hit at 1.5% in this new A4 Dome is EXACTLY the same width as the 2.0% Copper strike that started everything off here at the 60mt T3 pit four miles away - that's some coincidence(??)!

I'm sure at least some of what you've suggested will actually happen lol

Interesting shout on Kopore - I hadn't thought of that - I'd suggest we already have enough on our hands(!!!) as it is but an interesting idea nevertheless if they want to part with a percentage for some of our new £5-6m money :)

My imagination, though, is captured by what could happen here the very second that ink dries on the new JV restructure deal in late October, just as MOD float on the main eachange of the LSE because the restructuring enables every possible outcome to be realised - newly discovered resources going onto our balance sheet in a piecemeal fashion and/or a whopping T/O for the lot by a major, either way we win big.

That LSE float reeks of big money to me, maybe even as a prerequisite by a major/funder to us seeing huge sums of money being thrown at this project over here. It was Barclays (London) who funded Cupric Canyon's gigantic exploration/development expansion a few years ago culminating in them sitting on a 400mt+ @ 1-2% Copper resource remember ...

PS: Try paragraphing if you want people to read your stuff lol

Alright then peeps, let's get the ball rolling then ...

We formalise the new JV restructure with MOD at the end of October right around the time they're going to float on the main exchange of the LSE.

We'll own 30% of the JV outside of the T3 Dome itself, encompassing the seven domes they're drilling now and all the rest of the acreage. We'll also own a whopping slice of MOD (up to c25% with dilution protection via free warrants when they raise funds again).

What else do you think could kick off from then?

Also, our Chairman has just these past few weeks bought an additional c£150k worth of shares at a 2.9p+ average.

What is he thinking, or what may he already know?

The past five news releases of the last fortnight or so, that don't show on this site, can be found here if you're just looking in:

https://www.investegate.co.uk/CompData.aspx?code=MTR&tab=announcements

Dropped a chart update for this earlier today - looks like a move to 12s or thereabouts on anticipation of assays at the end of the month and significantly higher should those assays please the market.

Dropped a chart update for this earlier today - looks very promising if it doesn't suddenly fall to pieces :)

Morning :)

Blog updated following the 2.8p placing - chart updated too - google "MTR Blog".

Hey.

I didn't take it that way at all mate, I just responded to the themes you raised and as I said a few weeks back, sometimes I'm replying not just to the post/person itself but to everyone, white/grey/black hats and all, as and when particular suitable points are raised :)

Yes, everyone's goal is the same, to make money but some will do everything in their power to stop that happening for the regular PI. This is a zero sum game and it's regular retail PIs who balance the books to zero on the loss side almost every time whilst the pros bank phenomenal rewards on the gain side - the top boys are multi-millionaires with almost unlimited financial clout.

If you really do have yourself in a position of being in any kind of profit after a first year of trading then well bloody done to you because that's not the experience or outcome that virtually all PIs have in their early days. Some PIs have completely blown up after just a few months and almost all PIs would do very well to trade on paper for a year first but none of them do of course.

This is a very, very complex game to master such that you're making regular profits and I try and do my own part in terms of giving at least some kind of guidance via the TA chart stuff but you've really gotta see the whole board in this game, fundamentals first and add some TA guidance if you can, as the entire industry only exists to take your money from you.

The purpose of "popular" public chat sites are pretty clear once you've been in the game long enough and I shouldn't need to add anything there.

If you choose to go read-only for a while then you won't be on your own lol, the vast, vast majority of PIs do the same thing - eventually :) Forming anything like an accurate perspective on this game takes years, no matter how hard you work at it, unless you have an experienced White Hat helping you or, better yet, you're linked to a Black Hat giving you the right nods at the right time in which case it's a piece of cake and every play is a big winner.

I think MTR could deliver immeasurable multi-bagging profits to those who read it right and I'll certainly be sticking with it but I can't answer for any short-term shenanighans of course.

I am aware :)

ItsADuster managed to post something recently that enabled me to join the dots - that ID has now also been nuked sometime after I spotted it.

These guys are obviously all very good at doing what they do as they're professionals but given enough time and observational scrutiny they all, eventually, manage to tip you the wink on who and what they actually are across many varying identities, both on here and on other platforms like Twitter (some carnage on there too recently for the more observant lol).

Sometimes I'll get it/them straight away and other times it'll take me a lot longer because I'm a genuine outsider to the Great Game and subterfuge is not something that comes naturally to me in terms of how those guys think and operate but I'm learning all the time. In fact, what I've learned in just the last few weeks/months alone will stand me in very good stead going forward personally as some of this stuff, as you may expect, has overlapped onto my own site and my own inbox. Again, I won't necessarily get the shot instantly but I usually get there eventually.

Ultimately, they're all just old fashioned grifters looking to recruit and leverage off whoever they think may have some influence on retail money to help them meet their own ends.

In the meantime, I continue to collate and carry on learning and doing my own thing. These guys don't have to be adversaries but it's entirely up to them and it won't make a jot of difference to me whatever they do or say, on here or elsewhere.

http://statesidereport.com/

MOD coverage at 26:00

Again, if you've been in the game for long enough then "market hate" of your play is what you pour yourself into until the "market" turns on a predictable sixpence and starts gushing their love for it :)

If you've been doing this for long enough then you'll recognise the games and the deployment of good/bad/inbetween Cop IDs by the same people. Some of those IDs are throwaway ala Duster (or should I say Shylock?) but he will of course still be here operating on other IDs, it's all part of the game :)

I will, by turn, be praised, albeit faintly at times, and slaughtered on here at every opportunity by the same guys as they flip from face to face and I did genuinely applaud the PROX invocation the other day - I was fully expecting it and giggled with glee when it was dropped :)

Unless the other old skool TA chart guys (Graysland/Chiffa et al - respect boys if you're looking in!) are still here on other IDs then I'm probably the last man standing and I've fully earned that T-shirt on this site over the last decade as it's been quite the learning exercise in amongst the wolf pack :)

I had to retreat to form my own camp 18 months ago because I was simply out of my depth as most PIs are in their earlier years. It's probably only due to my own start in life that my flame hasn't been extinguished entirely as with many, many other White Hat guys before me. Ultimately, if you're battling an overwhelmingly superior force then you've got to re-base, deploy guerilla tactics and pick your battles.

It's a jungle out there ;)

I tipped y'all off a month or so ago that the pros were all over this so they'll be doing their best/worst here to make themselves a serious amount of cash as they always do. The read for everyone else should be that if they didn't think it was worth their while then they simply wouldn't bother on this board. The fact they are bothering and that other "personalities" are being deployed now (with increasing levels of equivocation as they've got to save face on a given ID) is a bull signal here and maybe a very, very good bull signal with respect to both the eventual upside and the speed of it from hereabouts.

Anyone plonking a cereal bowl in front of themselves will note that the bottom is flat/rounded but the sides are near/vertical - the left side of the bowl is the fast descent from 5s/6s here, the right side of the bowl is the identically mirrored move back to those levels in speed but the bowl may become a long-handled ladle with a handle that reaches up to/wards c10p in time.

If you were +40% (many of us are/were from the sub/2p days) and you're somewhere around even on the next downswing (this is it now at mid 2s BTW) then you've done very, very well imo because it's higher lows and higher highs from here. How much money you ultimately make on this play will depend on how much money you put in at 2s whilst recognising that time is very much our friend here, not our enemy.

No doubt about some people saying one thing and doing another but that's people and money for you.

Many will be downhearted at seeing us do low-mid 3s then within days we're back at mid-upper 2s again but at least there's a viable, non-bad reason for it - lots more money coming into the company to leverage across this big drill campaign.

BTW, for any that still don't get it, we're an investment company, we're not miners and we don't make anything except more money by spending money so re-caps like this should be expected, no matter how unfortunately timed they may appear to be - not least of all to me!

We did +90% in a classic 3-4 month upswing so that's not too shabby imo and likely reads well as to the next upswing from a new mid 2s floor, wherever that floor may find herself although from a 2.8p placing you'd expect any further dips to be bought into on an increasingly heavier basis the lower she goes.

Someone happy to take 2.5m (and more) on the bid at 2.65p so far at a 5% discount to the placing which isn't a surprise really. We *may* get some shakes to slightly lower levels but I'd expect those to be sponged up rapidly if and when they occur. Many will be eyeing a Wave 3 (the big one) from hereabouts I'm sure.

We're well into a higher lows vs an increasingly higher flat-top (2>2.5>2.8>3.2 but now at 3.4p) trading/chart formation which is the prelude to rounding out the ultimate move back to the flat-top around 5s that completes a large cup/handle formation on the chart.

What happens on the other side of that cup/handle is of interest to most I would think, at least those that don't trade very short-term. A plain-reading would suggest something in the 8-10p range to my eye.

We're obviously into a period of very heavily critical news flow in the coming weeks and months and opportunists will abound, even if they do overcommit themselves at some points and end up having to sell back to the market at a small loss to fund that committment. Nobody is going to get all of it 100% right, including me :)

Now the placing recap is out of the way, we can all rest assured I would think that all news is good news as it will merely add to the increasingly attractive T3 pit NPV value.

As for corporate/PI alignment, well I'm certainly no expert on what may, eventually, shake out here once MOD float on the LSE towards the end of the year.

Ultimately, I would expect all available options to be examined by all parties (including external/new ones) and I still see this as a great opportunity to multiply your money from mid 2s albeit that I can't state categorically what that multiplier will end up being, or the timescale for seeing that come to fruition but at latest 2019 Q2 to my eye. That epic JV restructure made everything and anything possible.

If you think that the eventual outcome here is already a done deal then I'd tend to agree and I'd welcome open debate on that.

Well I still like the smell of what MTR are cooking ;)

I had my proper knackered head on last night but at a glance it looked like the NPV of the project (25% of 30% of) would support c20p but that may be before resource upgrades from further drilling etc so perhaps c30p is an option but defo DYOR because it was a one-off read over half an hour.

I noted REOs are off where the market thought they'd be this year so far but still predicted to rise over the coming years and fully supportive of the REO price basket assumptions made in the NPV numbers as far as I could tell with a tired brain and only half an hour to spare.

I don't know the answer to that - 2.2s would seem unlikely to say the least but she may faff around mid 2s for a while if people get bored enough while they wait what I imagine will be all of a week or two before the next news.

There's a big fat one at 2.65p - should put a smile on at least one of his faces :)

Yeah it's all about the timing - c40p with a bit of luck.

her way?

FWIW, mid 7s looks pretty good to me.

Fancy meeting you here lol

I walked around this last night - looks interesting re EVs etc - no probs with a c20p target imo if she beats/holds 9p.