Member Info for CarefreeCarry

Hi Adam - The £5k @ 0.5p after two years from my initial purchase wasn't brave to me. The incredibly low valuation of about £20m for a company with £180m invested it's the mine was an opportunity for a recovery play after the previous problems looked to be getting resolved. Having checked my contract notes this morning I found that I made further small purchases as the situation improved. These totalled £6k for an additional 700k shares. So my average is actually 1.63p and not 1.53p

The final £5k purchase was basically a vanity purchase to show how far the recovery had come from the 0.45p days. I used it to point out on here how £5k five years earlier got 1m shares compared £5k getting 100k shares. I'll probably do the same in 2029 because there's nothing like saying I told you so without saying I told you so 😂

If you want to pick up cheaper shares here then just wait for the Q3 results to be published. Everybody knows how the SP reacts to RNSs here 😳

JB - Any shareholders who have helped to fund this endeavour over the last 10 years will have paid a maximum of 5p per share about 9 years ago.

If any of those shareholders are still with us then they are clearly happy with the company's performance and have sat through numerous problems in the past.

As the company has advised that they expected the issue to be resolved and that they expected the processing plant to be to be back at normal working levels within two weeks then they only need to notify shareholders of any significant change to their published advice.

If you don't believe what the Company is telling you then sell your stock. Why stay invested in a company that is lying to you?

If you do believe what the Company is telling you then use that information to make any further decisions regarding your holding here.

Adam - I first invested in MTL in 2017, £10k @ 5p after one of the directors had bought some shares. They had poured first gold about six months earlier, which is when I first started looking into them, and were ramping up to full production. They had a couple of very wealthy backers. A textbook time to take a low risk position.

Then they had problems. Then more problems. For the next two years. I was ready to write off my investment. It wasn't too big of a position compared to the value of my pension but in the back of my mind was the wealthy backers. They had the ability and the opportunity to protect their investment in MTL which they did.

Along came the new CEO. I hadn't heard of him before but I looked into him and saw his history. A couple of months later I bought 1m shares for £5k @ 0.5p. Good money after bad were the comments at the time. The wealthy backers were still there, I figured it had a fighting chance.

Fast forward a few years and the company is turning around rapidly. The shares are around 2p. I bought about 4.5m shares @ just under 2p (I think they averaged at about 1.8p) with some dividends that had been paid into my pension. I posted at the time about the purchases. It was something that Lee and myself along with a few other posters at the time did when we bought MTL.

When we reached 5p again I bought another 100k of shares for £5k. I commented that the £5k only got me 100,000 shares compared to the 1m shares for the previous £5k purchase.

Eventually I'm at the position of 6.5m shares for £100k outlay over the last 8 years.

My pension value has more than quadrupled over those 8 years so it seems I've learned something since I started investing in my pension at 21, almost 35 years ago.

You said you looked at MTL when they were mired in debt. At that time I was sending spreadsheets out forecasting when the debt would finally be repaid. I was about 2 quarters out long but I have always been quite conservative with my figures, that way I'm usually always happily surprised.

Lth-sometimes - 👀

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I can't believe what I've just read for the third time now 😳

Three words - eggs, baskets, etc.

Your post must be going viral amongst the financial advice sector right now 😲

Over exposed is way beyond an understatement.

"Most would say this is foolish, I just say it makes me uncomfortable."

If you take yourself out of the above statement then it would be more accurate to state, "Everyone would say this is foolish and they would be right."

"I think I may be a little frustrated with daily pull backs even though the trend is there."

Stop looking at the share price on a daily basis, remove that stress from your life otherwise you may not live long enough to reap the accidental benefit of defying all known financial advice and expertise 😲😂😂

Seriously though, at least look at diversifying your portfolio.

Lth-sometimes - My 6.5m holding at 1.53p average is invested here for the eventual dividends. I have no intention of selling them so the share price is immaterial to me. I have been investing via my pension for 34 years. Investing isn't a get rich quick scheme it's a get rich slow scheme.

My take on the share price is that we have the typical volatility of an AIM junior miner. We are transitioning into a mid tier miner and will eventually leave AIM behind but this takes time. Time that some holders may not have hence the selling that makes no sense to holders who don't need to sell or want to sell.

Drill results will 100% boost the SP if they are what we expect them to be or even better. People will still be selling the shares though. Not everybody has the same investment horizon/strategy so the selling is only natural and quite predictable. It's what traders rely on.

I don't see what you have to be nervous about. Your holding here is on track to 10 bag. You thought your initial investment here was a bit of a gamble. The company was drowning in debt and struggling to make a profit and yet you still made the investment here. Now the debt is paid off, we are buying new assets, exploring new licenses and leaving the old, struggling, debt laden times behind us, yet you feel uncomfortable. How does that make sense?

Lth-sometimes - By thinking my comment was aimed at you clearly shows that you are, in fact, a thinker, so it wasn't.

I hope that clears things up 😂

Yes Adam, I was one of the ones who recommended your post yesterday.

Your post title proposed a thought experiment which is an optimistic ambition with some of the non-thinkers here.

I therefore thought I would simplify the matter somewhat.

Punter - The RNS in a nutshell:-

Problems identified.

Solutions investigated.

Solutions implemented.

Impact calculated (minimal) and advice to shareholders issued.

Fin.

If there were any further issues then I would expect an RNS advising shareholders of a material impact.

If the plant is (now was) indeed back up and running within the two weeks - as advised by the company - I would not expect a further RNS as there is no contradiction from the advice previously published.

The company yesterday told us that it would be Wednesday today.

I hope we get the RNS telling us that it's Wednesday now.

The reason given for not processing the tailings is because they are 200m underwater and therefore not economically viable.

Https://www.kitco.com/news/article/2025-09-15/bank-america-sees-nearly-1-trillion-market-cap-potential-gold-miners

Https://www.kitco.com/news/article/2025-09-15/bank-america-sees-nearly-1-trillion-market-cap-potential-gold-miners

It looks like the green bins have been taken away to be emptied.

Our resident prat is on the other channel A D V F N recycling his nonsense over there.

He's just taken out a 5 day option on a cash call with "a friend".

That's a really good average.

I'm on 0.763p for 46.8m shares. First purchase was on 13/08/25 so looking to have timed something right.

KEFIGOLD - I hope you have a good average 🤞

Metalhead is raking the p155 out of MrHumble.

Drewton - No need to have a fear of AI. AI has one fear and it's a big one. It fears the on off switch.

The MrHumble account unfortunately cannot be switched off. It has multiple personas which is why it often contradicts itself.

I'll read it with all the other pings that you said will be happening over the last two weeks.

It't won't take long to read them. Hardly any time at all 😂

I'll call it now. You've lost your £1k side bet.

There's one over on A D V F N with the same handle and the same tired old nonsense.