Member Info for CarefreeCarry

JAdams5000 - Your broker is a joker. 2m shared traded so far today is not, by any definition, rife with over 200m shares issued.

The quarter ahead will show that forecasts for the year have been exceeded and don't forget that the most recent forecast was an increase on the initial forecast.

Why don't you tell us again about how the major shareholders are going to take the company private lol.

Share price when Darren Bowden was announced as CEO was 0.45p.

Share price today 1.9p.

Yeah, the share price is going nowhere. Spot on once again JAdams5000.

9 months time? He started looking a real fool 11 days ago when talking about a low ball offer from the two major shareholders.

JAdams5000 - THEY HAVE TRIED THAT ALREADY. THEY FAILED. YES FAILED.

Once again, the largest shareholders do not have enough shares to do what you are suggesting. They tried in the past and failed.

The remaining gold equates to £220m after the debt is cleared which gives 10p / share if paid out as a dividend.

Then there is the approx 450k oz of gold in the deposit immediately south of the Runruno deposit.

Maybe if you read more you would post less garbage.

The remaining gold will bring in approx £220m in cash after the debt has been cleared.

Then we have Malilibeg South: Immediately south of the Runruno gold deposit, Malilibeg South Inferred Resource of 7.55 Mt @ 1.40 g/t Au & 0.12 % Mo for 0.34 Moz Au and 19.98 Mlb Mo was certified in 2013. Mineralisation is open to extension particularly towards the south. Additional high-grade blocks amenable to underground mining could be the catalyst for this deposit to take-off and thus extend the Runruno life-of-mine.

This equates to approx 450k oz's of additional gold.

Absolutely nothing new revealed in this RNS but the same idiotic, end of the world posts arriving proving that the posters can neither read nor comprehend the written words in front of them.

Sad really.

Here in the real world, the major shareholders have been here for many years and have been unsuccessful in trying to buy the remaining shares and drive through a debt for equity swap deal.

Why do you think they were unsuccessful?

The two major shareholders couldn't even get the debt for equity swap that they wanted because the board said no!!

I wonder why they didn't just click their fingers back then? That seems to be the magical type of power that you're suggesting they have here.

Bunker - It's just a pump and dump.

Nothing to see here.

Move along.

From the company website - "Malilibeg South: Immediately south of the Runruno gold deposit, Malilibeg South Inferred Resource of 7.55 Mt @ 1.40 g/t Au & 0.12 % Mo for 0.34 Moz Au and 19.98 Mlb Mo was certified in 2013. Mineralisation is open to extension particularly towards the south. Additional high-grade blocks amenable to underground mining could be the catalyst for this deposit to take-off and thus extend the Runruno life-of-mine."

This equates to approx 450k oz's of additional gold.

He's worried about a $3.6m drop in cash which is about a week's revenue.

Unbelievable.

Yes Lee, they are smashing their own predictions and have already paid more off the debt than they allocated for in the annual accounts.

Within the next 10 weeks the interest rate will be 7%.

RonnieH - As the company has stated in their previous RNS's, they expect the paperwork to transfer the Mezzanine debt from unsecured to secured in Q3 2023.

That would be some time in the next 10 weeks.

Then the interest rate becomes 7%.

That rate may be applied retrospectively to November 2022 when the Senior debt was practically repaid.

Cash holdings $0.6m at Sept 30th 2022 and net debt of $92.4m.

Here we are, 9 months later, with increased cash holdings and net debt at only $48.3m.

The recovery for Q2 is expected to be around 94%.

Don't get carried away just yet. Production figures will probably be halved for H2 as the high grade ore will have been mined in Q2 and the remaining ore grade is much lower.

Overall production for 2023 is expected to be at the upper end of the guidance figures of around 72k oz's.

Expecting approx 24k oz of gold produced for Q2 with a $13.m debt repayment.

I was replying to Leo's post.

Ronnie's motive is he is a troll and wants attention.

Why have you assumed that anyone thinks he needs to own a share to post on a public share forum?

RonnieH has posted neither a factual or accurate post with respect to MTL. Clearly a troll.

Grocer - The considerable MTL land package is mostly inaccessible due to the nature of the local terrain and will not be explored any time soon.

The ore body that is currently being mined has additional exploration drilling planned to prove further resources.