Member Info for CarefreeCarry

Well done Jim. That's a stunning average.

With a 52 week low of 0.62p. I don't know how you've done it. ;-D

"Other things in life to be doing" - a bit like the pot calling the kettle black there ;-D

As recently as January you stated you had 60000 shares so it would seem that you are struggling to remember what you have previously said.

We'll have to agree on 50000 shares owned back in January, as that is now your most recent claim. £300 spent equals 0.6p per share.

You now have 30000 shares so you have sold 20000 during the previous month. Even if you sold them at the lowest price in the last month you would have recovered your initial investment plus a small profit and still have over half of your initial shares remaining (currently worth approx £500)

That's a very good return for a 2 year investment. Why do you think that the share price has performed poorly when you are sitting on such a large profit?

PJ - I did read his post history earlier. I was trying to find when he was spouting 50p by end of last year when I spotted his rather dubious share holding history :-D

I've thought about filtering posters before but they do provide me with some occasional mirth when you catch them out.

More seriously though, if they start spouting misinformation and lies to some of the less informed then who will provide the truth and balanced views if the posts are filtered?

You claim you spent £300 on MTL shares. Your most recent claim is that you have 30000 shares. 1p per share so you are currently showing a 75% profit.

During the share suspension you claimed that you had 50000 shares and then later claimed 60000 shares while the shares were still suspended. 0.5p per share if you paid £300 for them. Currently showing a 250% profit.

For someone who is potentially between 75% and 250% in profit, why do you come across as such a clueless individual?

Spaghettihoops - We were just over a penny a year ago so you must be sitting in a profit. You could have doubled or even trebled your £300 when we resumed trading. Why didn't sell then?

Spaghettihoops - What was your answer when you asked yourself that question before you crazily splurged £300 on MTL shares? Surely you must have taken into account that the company will not be making any profits until the debt is repaid when you did your own research before buying the shares. If you didn't take that into account, why did you buy them?

Spaghettihoops - At last you are beginning to learn. Quarterly trading opportunities until debt is cleared and Roy burning his baked produce in the meantime. If you can bear Groundhog Day for a few more years then stay tuned.

Tango1 - It hasn't happened all of a sudden, it's taken over a year to get back to this level of pressure. That's what happens with tight gas fields. It would have happened with or without the legal dispute. If you think we're in the middle of negotiations we must have another 5 months to go before an agreement is reached.

We have the permit to build the plant to clean the gas but we don't have the permits that will allow us to extract the gas for the plant. A £50m settlement will easily pay for the plant and fund our enrty into Cuba but we need to extract the gas on a consistent basis which requires stimulation.

Tango1 - It isn't a freak of nature that the well has pressurised, it's something that is part of a tight gas field.
Extract gas and the pressure drops around the well until the hydrocarbons condense and the gas stops flowing.

Happens to all tight gas fields.

The options are to re-stimulate the well (unfortunately we don' t have permission for that), pump carbon dioxide into the tight gas field around the well to re-pressurise the field or shut the well and let the higher pressure in the tight gas field further away from the well transfer to the lower pressure area near the well to re-pressurise the well area.

There was also JJ Fluter, Reso and Rosewall around back then. Think Rosewall is still about, unless Cash My Giro offed him during a walk in the hills.

Don't forget about John L who always had his pants down.

20,000oz of gold per quarter. Three quarters per year. 60,000oz of gold this year!!!

I like your maths Goliath :-)

Pinguser5 - As gas and condensate are recovered the pressure surrounding the well drops until no more gas can flow. Carbon dioxide can be pumped back into the system to build up the pressure around the well so that the gas can flow again or the well can be shut and the pressure will slowly build back up naturally.

ALiatAtTheTop - The SP doesn't matter to the two major shareholders as they are not interested in selling. They will get their loans to the company repaid with a hefty bonus and then they'll be getting £15m - £20m a year in dividend payments for what could be the rest of their lives if gold is found in the remaining 85% of the land bank.

HawaiifiveO - I've been saying that since the debt restructure was finalised but it's seems most posters have been blinded by their own imaginary rainbows.

MTL will not be posting any major profits until the debt is repaid. That is the sole reason for the SP being where it is.

Shinfalls - We currently sit below 2p.
Yes I expect steady mining improvements going forward through 2021.
Gold hasn't been above $2000 per oz since August and is still currently retreating so that's a no.
I expect the MTL to be paying approx £15m per quarter in debt payments. The interest on the Mezzanine facility will be £2.5m for this quarter and that will grow each quarter until the Senior Facility is fully repaid. As the answers to questions 1 & 2 balance each other out I do not see the debt repayments accelerating.

7seven7 - Yes, when the debt is repaid the potential will then start to be realised.

Trading opportunities each quarter until the debt is repaid. I expect the SP to retrace to 1.9-1.8p.

Groundhog Day for a few years.

It's the only way anybody is going to see 3p on this board this week.

I'm sure the posters who were saying 3p this week will see the humour in my post just as I saw the humour in their posts when they made them.

Well they did make me laugh when I read them.

For all the posters on here who said we would see 3p this week, I've put it in the subject heading for you so you can all see it there.

GLA.

And then again it might not be.

Takeover target?

Hmmmm the two major shareholders will not be selling this mine any time soon.

Receiving millions of pounds per quarter until the debt is repaid and then millions of pounds in dividends with a further 85% of the land bank to be explored and possibly produced from for the rest of their lives.

Would you sell it?