Member Info for daphne

3.2million

I held CNR for a long time and whilst I would have liked a clean exit at a higher price have done ok (particularly if the CVRs come off) as I averaged down heavily at 15p. Having seen the presentations, I am optimistic of success here. We are certainly in a better position than we were before the takeover and the combined company is worth far more than the sum of its parts. However, I have no intention of putting the cash into MTL as I was overexposed to CNR. I now have c.3.2 shares in MTL which I plan to hold until La India is in production at least.

So they let Stalker exercise his expired options. WTF?????

They may well get 75% first go but if they fall short they will be back with slightly improved terms in all probability. They've already tweaked the CVRs once and they will do it again if they need to. I'm undecided. The CVRs aren't great but is it worth the delay.

5.5p on first gold pour ~Q4 2026.

Up to 5.5p on new resources over 800,000 up to 1.6m (40,000m drilling required). First payment after ~3.5yrs (min 24,000m drilling required) . Second ~5yrs (balance after remaining drilling)

Does anyone understand the tax treatment on the loan notes? Is this going to be taxed even if shares are currently held within tax-free wrapper?

Https://youtu.be/es1OzjHCBUo?feature=shared

Courtesy of aleoap on advfn.

Is it clear Calibre are not interested? I'm not writing them off just yet. They know the price now and can probably get us for 40p half cash half paper. Mtl will struggle to up their offer. We are of unique value Calibre, will they be happy to just let us go that cheap?

Can't the board withdraw their recommendation if a better offer comes in? In which case, Galloway wouldn't be obliged to vote.

The RNS reads to me like Calibre and Metals are considering all share offers hence why the takeover panel are interested. The others to date have been for the assets.

Good news in any case.

Friday pm not a great time for an RNS except to bury bad news. 7am beginning of the week for good news.

Nice share price action for the last week or so. Hopefully a rise into close to set us up for next week.