Member Info for ElectricLion

JBCo - since you popped up on the MTL board spreading this nonsense, it seems only fair that I'm allowed to rebut your arguments over here. Suffice to say, it's pretty obvious to just about everyone but yourself that you are utterly clueless. I wouldn't mind, except that you seem to want to pick a fight with MTL and it's shareholders for some reason. There are valid criticisms that can be levelled at MTL, just like anywhere else - it's not a perfect world, but your argument is simply not valid, as it seems you can't do extremely basic maths. You're embarrassing yourself. Better to remain silent and be thought a fool, than open your mouth and remove all doubt.

JBCo - in all seriousness, you need to go right back to the beginning and do some simple maths. MCap = number of shares X price of each share. It's that simple. It appears that you have no idea about the very basics, and that ought to worry you, if you're investing your hard-earned cash into the stock market. You're setting yourself up for a fall otherwise.

4405 posts, and not a clue. Remarkable.

Purely playing Devil's advocate you understand, but they could of course immediately (or as quickly as liquidity will allow anyway) sell the shares, pocketing a tidy profit with no risk whatsoever. Merely exercising the options is not in itself a guarantee that they intend to hold onto them.

KEFI has a Q&A for questions sent to the company. I like this approach and think other companies could benefit from this additional channel of communication with shareholders. Keeps it in-house too - no dependancy on social media.

https://www.kefi-minerals.com/investors/q-and-a

So you don't pay CGT, even if you owe it? Is that what you're implying? Immoral and risky IMO, but each to their own. I'd rather sleep well at night, but that's just me.

CGT is due on profits made on any share trades that aren't held in a tax-exempt wrapper, like an ISA or SIPP. So yes, profits on AIM shares in a trading account, count! Honestly I'm amazed the inheritence tax exemption has lasted as long as it has - seems like a massive loophole TBH. Not suprised they're looking to cut it. But yeah, CGT was always applicable. Get your tax return in for the 2024-25 tax year, if you need to - you don't really want HMRC investigating you!

From RNS 21st March:

The Offer Documentation stated that it was intended that shortly following the Effective Date Jim Mellon would be appointed to the board of MTL as a non-executive director, subject to satisfactory completion of the usual due diligence process required by the AIM Rules.

However, the Company has since been advised that Mr Jim Mellon no longer wishes to join the MTL Board. After consideration of his other commitments and the requirement to attend Metals Exploration Board meetings in both the Philippines and Nicaragua, Mr Mellon considers that he does not have adequate time to devote to the Company, especially in terms of travel requirements.

Additionally, gold miners are not JM's usual choice of investment. While he has been bullish on gold for some time, his real interests are in meat-free burgers and trying to live forever!

Well, it's a gold mine! I think the gold room is a secure (maybe guarded?) area for the final stages of refining and storage, before the gold gets shipped. It's valuable stuff after all!

Not "defo" KG. Possible, that's all.

Have you ever done a Bed'n'ISA? You submit a special request to your broker to sell the shares in your trading account, and re-buy them in your ISA. But the broker does it on your behalf, so the prices at which it is done are not necessarily the prices you'd get trading on the open market. Notably, the sell and buy prices are typically closer together. The difference in price could be due simply to the spread between the buy and sell price that the broker was able to achieve. I'm not saying that's "defo" what it is, but I am saying that's it's not "defo" two buys, as much as we'd all like them to be.

Moreover, the SP didn't really react as you would expect it to, if £154k had just been bought up. The spread seems nasty at the moment, but even so, I'd have expected a bigger pop.

Whenever I see two trades like that close together in time and price, and especially when the SP doesn't react, I tend to think it's more likely to be a rollover, or a transfer of some kind, with little-to-no net difference.

"most investors are very good at research"

Really? Are you sure?

Russell Group, and I'm not that old! lol

The MCap is nearly £400m. That's not nothing. Sure, if the MCap hasn't shifted once La India is producing then it would be ridiculous, but that's nearly a year away still.

While the news is good, it has not set the SP on fire just yet. You seem quite eager to stick the knife in, which is a.) premature, and b.) in rather poor taste.

Yeah, diversity of chat boards is not a good indication of diversity of investments, and neither is any guarantee that a given poster knows what they're talking about! For that matter, nor is number of posts, or duration of membership, or size of holding.

One original, insightful, well-researched and well-reasoned post on a single board can be worth it's weight in gold (there aren't many), but many tedious, repetitive and clueless posts on many boards is just noise that needs to be filtered out.

You clearly have no appreciation for risk management Lee, but prudent leadership may do so, even if the upside is marginally reduced.

I seriously doubt that the US economy is better-off overall with tariffs than without. Don't take DT's word for it for goodness sake! Regardless of your political views, you must surely be aware that he's not exactly a reliable or unbiased source!

I asked Google, this is what it said:

While tariffs increase direct revenue for the U.S. government, economists generally conclude they do not "make money overall" for the country's economy when considering all factors like higher consumer prices, reduced economic growth, and the negative impact of trade retaliation

Increased Government Revenue

Tariffs act as a tax on imported goods, and the revenue collected from these customs duties goes directly to the U.S. Treasury.

Significant collections: Official data shows that monthly tariff revenues have increased sharply since new tariffs were implemented in 2025.

Forecasted revenue: The Congressional Budget Office (CBO) estimated in June 2025 that the new tariffs could reduce cumulative U.S. government borrowing by trillions of dollars over the next decade.

Overall Economic Impact

Despite the increase in government revenue, the broader economic consequences mean that the U.S. economy, on aggregate, is worse off. The CBO and most economists project that the tariffs will shrink the overall size of the U.S. economy relative to how it would have performed without them. Key negative impacts include:

Higher prices for consumers: Tariffs are primarily paid by U.S. importing companies, which then pass the costs onto American consumers in the form of higher prices for goods like major appliances, computers, and cars.

Reduced economic growth: The higher costs and trade uncertainty can lead to reduced business investment and consumer spending, which drags down GDP growth.

Retaliatory tariffs: Trading partners often impose their own retaliatory tariffs on U.S. exports, which hurts American industries (like agriculture) and reduces demand for U.S. goods globally.

Job shifts, not net gains: While some protected domestic industries (like steel) may see job creation, other industries that rely on imported materials face higher input costs and may see job losses, with studies suggesting that in aggregate, more jobs are lost than gained.

In summary, the direct revenue gains are offset by the broader economic costs borne by American businesses and households

Fair point Lee.