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He hasn't dumped them onto the market. Check the volumes.
Somebody seriously wants in. How do you accomplish this with an illiquid share?
Buy a tranche in a cash raise? No cash raises needed so can't do that.
Buy on the open market? Try buying 50m shares without driving the SP into the stratosphere. Won't be doing that.
Buy privately from a large shareholder? Large shareholder gets fair value, new shareholder gets fair value. Win - win for both shareholders.
Somebody has just bought 50m shares in MTL and people think it's time to bail. Wow.
So somebody bought Mr Candy's 50m shares. They were not sold on the open market.
Not enough to trigger a TR1 but a sizeable chunk for a starting position.
Somebody clearly wants in.
He/she doesn't affect the SP in any way.
Nonsense posts over last two months while SP has risen over 150%.
DYOR!! A very common acronym on share chat boards Lee.
The newly invested will have already completed their research before making their wise decision to invest in MTL. Not, therefore, the type of person to sell up based on the unverified, hysterical babbling of nonsense pushers.
Anyone just looking in will likely have found out about MTL from conducting their own research and are possibly looking for links to further golden nuggets (pun intended) of information.
Nobody makes investment decisions for their hard earned money based on what a random, unknown person posts on a chat board.
Hands up all those people who would invest money based purely on the post of a random, unknown person on a chat board.
See, even the people in straightjackets at the back of the room aren't crazy enough to put their hands up.
When it comes to making investment decisions my choices are based on the following level of importance :-
99.9999% - my own research
0.00009999% - what my cat tells me
0.000000001% - posts on chat boards.
I often ignore my cat. I mean, what does he know?
Being invested in a steady state producing mining company can be quite boring.
Watching the share price climb from 0.5p to 5.8p over a four year period is, quite frankly, dull.
Reading RNS's every quarter showing debt being paid down at phenomenal rates is practically yawn inducing.
Reading future RNS's every quarter showing that cash in the bank is increasing at the rate of £20m each quarter and adding 1p to the SP each quarter is going to be like counting sheep, you'll be asleep in no time.
We need some fun. These idiots are just what we need. We can laugh at them. Poke fun at them. Highlighting their nonsense gives us the chance to prove just how well MTL is doing.
We might not understand their level of stupid but we should appreciate their determination to maintain that level.
Not one person invested in MTL will be affected by anything these clowns say. They don't affect the SP in any way whatsoever. The only people they can influence are the gullible and stupid. Those type of people will not have had the intelligence to invest in MTL in the first place.
So embrace the nonsense.
Trolls bring it on.
Facts are wasted on trolls who can't even spell "MILLION" properly.
Apologies Tygra, just making a point.
This should bumb this thread back up.
With the first post in this thread, almost 24 hours ago now, the SP was 4.7p
At the time of posting this, the SP is shown above.
What went wrong JW?
Will you be apologising for trying to put potential investors off and missing a 150% rise in the share price over the last month? No? I thought not.
The Chairman does not run the company. Darren Bowden is the CEO and he has stated no need for a cash raise at these low prices.
There is approx £300m of free cash to be generated over the next 4 years at current gold prices. The forecasts that you have previously referred to were based on $1950/oz price of gold. Gold is $300/oz north of that point.
Your case for £300m being used to fund a new asset is based on what? The way your cat looked at you last night? You have provided no detail to back up your claim. MTL have spent £180m on the current mine. The processing plant will be dismantled and transported to the new site at the end of the current LOM. The fleet of mining trucks will be used at the new site. There will be very little Capex needed to have the new site set up compared to the current mine. Will you provide any facts to back up your claim? Of course you won't.
The company has had a £100m market cap in the past and there were no Institutions investing back then.
If the Abra tenement can confirm an additional 15 years of steady production then the Institutions will come looking. They will be having to buy in at over 10p per share when that happens though.
The most pathetic know nothing troll on the Internet.
Yes, Darren Bowden has stated that the BOD are looking high grade, gold rich areas that can be mined on a small scale to ensure good cash flow during the period while the Runruno plant is dismantled and transported to the Abra tenement.
Count it.
Put it in a bank.
Pay wages etc.
Aquire additional assets to grown the company.
An early Easter present from MTL. What a stunning turnaround from Darren and his team.
Feb 2022 MTL updated the resource model to show an increase in tonnage but at a lower grade. The net result was an overall increase of 30,000 Measured and Indicated Resource ounces.
The Runruno mine can only be mined one stage at a time as the waste from each stage is used to back fill the previous stage.
The ore body in each stage is already well defined from drilling that took place many years ago. The exploratory drilling generally intercepts lower grades on the Western extensions of the Runruno ore body, which is in line with the actual mining outcomes experienced. The ore grades in the areas being drilled are not economically viable to be mined.
I've never seen Johnybigarms and Lee in the same room together.
I'd say they have the same amount of shares as well ;-)
What happened to your capital letters?
Your first post your grammar was spot on. It's almost like a different person has taken over your account.
You have even contradicted yourself on the life of the mine from your first post.
You are incorrect, it was the BOD who turned down the debt for equity swap.
You are arguing that the major shareholders tried to wipe out the ordinary shareholders and also that one of the major shareholders blocked it.
The 13p offer was put to a vote and the major shareholders did not reach the required 75% to have the offer accepted.
The debt for equity swap was blocked by the board after consulting the retail investors.
14 years earlier a 13p per share bid from the major shareholders was also turned down by the retail investors.
Probably another 14 years before they try anything else. Come back and have a moan about them then.
It's strictly retail buys and sells here at the moment so only small amounts being bought and sold.
The small free float produces large swings in price on little volume either way.