RE: $5400 Gold5 Mar 2026 01:02
Surrey - When Darren was appointed CEO, I looked into his background. He is a miner and knows what he is doing. This is not the first time he has built a mine. He is one of the top 5 mining experts in the world and highly respected within the industry.
I had bought my first lot of MTL shares at 5p a couple of years beforehand. They were down to 0.45p when he was appointed and I had written off my initial Β£5k investment.
After his appointment and researching him I bought another Β£5k at 0.5p.
He started to turn the company around. In an interview he stated that Candy approached him about Runruno. If Candy hadn't appointed him, Darren would have waited for MTL to go bust and then he would have bought the company.
Following his appointment, I continued to accumulate MTL shares until I reached 6.5m shares for a Β£105k outlay.
After his appointment, the two major shareholders, Candy and Edwards, bought the bank debt and tried to shaft the rest of the shareholders with a debt for equity deal. Darren and the rest of the BoD rejected it and restructured the debt. Darren was laser focused on paying down the debt and beat my forecast by 2 whole quarters.
Once we were debt free, Edwards was jetisoned by buying him out of his holding which is now why we have treasury shared that have trebled in value.
I been a shareholder here for 9 years, 7 under Darren Bowden. I'm very happy with the way he has moved this company forward.
Comms doesn't get gold out of the ground so it isn't an issue for me.
Moving to FTSE250, MCap comments, etc. Yeah, I trust him.
Can you say that about Melon and Child?