Member Info for CarefreeCarry

ID78 - Why did you avoid mentioning the probable resourse estimate of 0.5m oz which was listed a little deeper in the RNS?

ID78 - Do you know how many oz's of gold are remaining? If you do know it's because you have read the RNS releases that have indicated the amount of gold that is remaining which has been deduced from previous exploration results.
If you don't know then I suggest you read the RNS releases.

Tygra - Didn't you promise to not post here until the "cash raise" RNS? How silly do you look now?

There's the door. Close it behind you on the way out.

I'd almost forgotten about this clown lol.

If only we knew what was behind the stars.

Exploration and resource updates are not expected any time soon as the illegal miners are stopping the progress on that front.
At least they have now been removed from the stage 3 area and MTL now has full access to this higher head grade area so the production figures should start going up again.

MTL are intensely focused on paying off the Senior debt to get the Mezzanine debt interest rate down to 7%. $64.7m paid in 7 quarters (averaging around $9.25m per quarter) leaving just $8.1m left to pay on the Senior debt.

The increased forecast production for 2023 and 2024 will enable the Mezzanine debt to be cleared in H1 2025.

During that time until being debt free, further exploration will have extended the LOM to add more cash to the bottom line. Who knows where any of the 4 possible M&A targets will have progressed to by then?

Even without any of the significant upside mentioned above, the brokers have forecast $120m cash balance at the end of the current LOM. Extending LOM by 1 year adds another $50m to the cash balance. Some of the $120m - $170m will be paid to shareholders as dividends with the rest being used for the growth of MTL externally.

As I posted last week, Senior debt repayment of $5m made.
$17m paid during H1 2022 with an expected $19m to be paid during H2 2022 as the high grade ore is mined.

The interest on the Mezzanine debt will soon be down to 7%

Still here with my 6m shares.

Quarterly update imminent.

Maybe 5-6m dollars paid off the Senior Debt. Almost there.

Tygra - "Those in the know getting rid of their shares at a higher price and then partake in the next placing at a discount.

In my opinion/guess, there will be a placing at some point soon at a price of about 0.80p per share to the 'sophisticated investors and institutions' who will gladly take them up for an instant profit."

So sell 1m shares at 1p to be able to buy 1.25m at 0.8p for a gain of 250k shares to add to their 1.4b shares? A whopping 0.01785% increase in their holding. Less than 2 one hundredths of a percent.

Or.......

Do they just buy their 1m shares back and trouser the £2000?

"Instant profit" what would cause the share price to go back up to give them their instant profit?

No doubt we will be hearing from you again before the never to arrive "cash raise" RNS

Oooooooooooh, about 1m shares sold today and you're claiming that's the major shareholders who own approximately 1.4b shares selling off their shares ahead of a cash raise. Lol.

You said you wouldn't be posting on here again until the "cash raise" RNS. So why are you back today?

If the share price was below the nominal value then they would not be able to issue shares under the incentive plan, hence the need for the capital reorganisation.

The board needs shareholder approval to be able to issue shares. The only permission that the board sought was for the issue of the incentive plan shares.

When the board has sought permission to issue shares in the past it has been voted down.

Tygra - If you keep posting nonsense then I will keep replying to correct it and post the truth.

"terrible management team" - who have turned the company around from the brink of bankruptcy and have managed to pay off $68m of the Senior debt over the previous 6 quarters leaving $12m of the Senior debt left to pay.

"the company is failing its shareholders and the price is half what it was last year" - or over double what the share price was just before Darren Bowden was appointed in 2019 (0.45p Dec 21st 2018)

"in my opinion there will be a cash raise for 'other opportunities'" - no resolutions were passed that allow the board to issue shares for anything other than the share incentive scheme.

"You can continue to post your nonsense and put your fingers in your ears as much as you want" - I posted your recommended action back to you and now you declare it as nonsense. So why should we take any further notice of you?

Tygra - Following your recommendation regarding the capital reorganisation.

Stage 1.1- SP close June 16th 1.16p

Stage 1.2 - SP close June 17th 1.18p

It would seem that following your reasoning the capital reorganisation was good for the shareholders.

Who'd have thunk it? Oh, only about 98% of the vote.

Lee - The trolls give me the chance to correct their misinformation (lies) about MTL.

It was only nine days ago that the muppet was bleating about gold not keeping up with inflation ever and Bitcoin booming. Bitcoin was down 50% for the year when that statement was posted lol. It's dropped even further since then. Averaging about 10 posts of nonsense per day so clearly not in gainful employment.

Tygra - Could you state which resolution gives them the ability to dilute further apart from the 3m shares previously mentioned?

The board was asking to issue 20.6m shares of which 17.4m have been issued.

The board does not have permission to issue any further shares other than the 20.6m in Resolution 10.

Tygra - There are just over a further 3m shares left that can now be issued under resolutions 10 and 11. Less than 0.5% dilution.

Do you always over-react to everything?

Lee - Resolution 11 will be voted against so that the existing shares cannot be diluted. The majority shareholders voted against share dilution at last years AGM.

GamblingAnalyst - If “MTL will soon be paying 50% tax where they previously were not - FACT“ is true then why are MTL currently attempting to recover taxes that have been paid during the tax holiday?

Second in Eurovision Song Contest and all of a sudden we're respected lol.

Law abiding? The populace yes but the government not so.