RE: Metals Exploration Shareholder Action Group21 Mar 2020 15:27
Rumours.... My thoughts... Candy’s want this to themselves.
BUT! Edwards maybe doesn’t like this idea and is against the idea. Mining license could be lost and returned back to the Philippine government. Coronavirus virus problems with finance availability and maybe the housing bubble could effect there efforts. Bakers steel and other big long term investors will want there money returned. ACTION group for small and all investors to have there vote. There’s legal requirements by the major shareholders to be responsible to all investors.
I personally hope that the other shareholders who purchased shares to fund the mine prior to production has clauses in place to protect there investment. This would help the ordinary share holders like ourselves. There’s still hope we can move forward but I totally understand why certain investors don’t want extra share dilution. The main debt holders Would then make a hostile takeover. Let’s hope law is on our side.... CV
Has anyone else done there research on the main people who own these loans? My personal view there’s only one saviour here and that’s Mr Edwards. (I’ve been very naive to think this will end well for the normal person) Time will tell.
Happy Friday to all... Baker Steel who have a fair chunk of these could be key because they would know all the key investment rules etc. I looked on there latest investments list and they said as we all know debt negotiations are key going forward. I’ve learnt a very big lesson from this suspension and I’m hoping/praying the big two can keep everyone happy. The Candy’s success story began from humble beginnings so let’s hope they’re not to greedy and steel this goldmine from us. CV
Lets hope we get a cracking rns and it hints that they protected the share price in this current financial blood bath. It will be interesting if Bakers Steel have any ideas about the current situation.
Crazy to say but if you look at the shares traded on the last day before trading was halted. Six times as many as a busy day. I've always said the city gets the news first and MTL was leaky. Time will tell. CV
Boy! Today I’m really struggling to concentrate on anything after this news. Why do we chase the pot of gold and believe in what is being announced. If they do pull the rug then we’ve been totally dragged up the garden path... Loosing the will even to put CV at the end of my post. :-((( CV