Member Info for CarefreeCarry

After the take over Mrs Evans, via Drachs, held 12.41% and JM held 8.46%

She now holds 20.37% and JM is almost out. Her additional 7.96% has come from somewhere and JM's 8.46% has gone somewhere. Just have to join the dots.

Drachs is buying them and she has to report each percentage point she crosses so you can still keep track of Mellon's selling that way.

Investors can use the dividends as income or they can use them to buy more shares in the company and compound their returns over the years.

A couple of years ago some dividend payments enabled me to buy 4m shares in MTL without having to sell any of my SIPP shares. My 6.5m MTL shares have an average price of 1.53p. Dividend payments here will be paying me back my investment in MTL each year for many years.

Simms45 - Darren alluded to dividends being paid in 2028 when La India will be up and running and Dupax ore is being processed at Runruno, not ASAP.

Figures of $1b revenue have also been mentioned by Darren which I believe could support dividends of 10p which I believe is why Drachs has been buying up shares at this level. Mrs Evans would be on a 100%+ yield as long as her average is less than 10p per share.

Darren has already stated in an interview that he will be looking to move the company to the FTSE 250 once La India is up and running.

Punter64 - Most trades take 2 days to be settled so Broomtree probably wouldn't have had the cash yet, from Friday's sell out, to buy back in beliw 14.5p.

Unless he had cash lying around in an account to buy back in of course.

I'm sure he'll be back to tell us he bought back in at the bottom of the dip if that was the case.

I mean, he's called everything else right since becoming an MTL shareholder hasn't he?

The market not liking the takeover - up over 150% from offer price.

How the SP will suffer when Mellon starts selling his shares - Mellon now less than 3% and SP flying.

Sells outnumbering the buys while the SP has risen over 150%

Ridged - Darren mentioned in an interview about joining FTSE 250 after La India is online.

Not really Sakura7, not really at all.

Totally agree, the constant selling has driven the share price to it's current 14 year high 😂😂

Retired Banker - The flip side of that question is why is Helga Evans (Drachs) buying the shares off him at current prices?

She has had board representation for around a year so she knows MTL a lot better than Jim Mellon who was on the board for a couple of months.

Am I worried about someone who made zero progress towards mining the asset selling out? Not at all. Just like I'm not worried about all the previous holders who have sold out of MTL for whatever their reasons were.

Our previous major shareholder sold his shares back to MTL for 5p a share last year.

Nick Candy sold some of his holding to Helga Evans at similar prices.

It would seem that time has shown what the correct thing to do is.

Hang in there Frenchie, it's a great feeling.

Welcome Lee, I thought I saw you at the door yesterday.

15.4p gets just my MTL holding into the club on it own.

You will have to revise your 15p by Christmas prediction.

Waayyyyy too conservative.

Those posters who laughed at you should be giving their heads a wobble 😂

You first posted overbought yesterday at 12.8p.

Check the price of this post just above.

Smileycopsuk - Transferring shares into an ISA will incur CGT no matter how you perform it. If you have any leftover ISA allowance, a Bed and ISA transaction could be worth considering to reduce your tax bill for the future. Even though you might have a CGT bill to clear first, it means that future gains are not subject to this tax.

Welcome to the club.

Is that Lee waiting just outside? He'll soon be joining us 😎

Sakura7 - Everyone is trying to get the SP higher for when you sell your shares.

Drachs buying is giving the SP some impetus.

DB getting the word out about MTL more than the one interview a year as previously seen.

FOMO.

Any of the above and below really. Maybe a combination of all of them. A perfect storm.

M1Rob - Price on op - 12.8p

My reply 8 minutes later - price - 12.9p

😂😂

Bye Rob :-)

Jdj2 - That was the whole point of my post. You say you're a convert which is a strange thing to say.

How many people go round saying I've been converted into investing in a growing, technically proficient company? Isn't that what people should be investing in?

When the take over happened you guys only had to listen to what we were saying or even do some research into MTL to see that we were telling you the truth. That's all we've ever told you.

Surrey's 20m shares have seen a £1m+ increase since the deal.

My own 6.5m shares have pushed my SIPP well over the £1m mark now. I stopped working 2 and a half years ago now and started accessing my pension last year when I turned 55. MTL is making more money for my SIPP than I can take out of it 😂 It's crazy but it's true.