Member Info for ElectricLion

Hold the company to account, for failing to keep up with a handful of it's peers over the last week? Get a grip.

MTL is worth 12x what WSBN is worth, just for some perspective. While there are as you correctly say vast differences, one of those is the MCap. Gotta bear these things in mind when trying to compare apples with apples. I've made money on WSBN in the past, but it was, and still remains, a gamble. MTL is as we all know, a solid investment. There's room for both in a portfolio, so long as you keep your eyes and ears open, and size your postions appropriately.

The LLOY board was awful for months. LSE admins finally stepped in and threatened to ban anyone posting unrelated topics. This board seems tame by comparison, but if it does get worse, they could do the same here.

Honestly I suspect it happens more with larger, dare I say duller (no insult intended - one can make a lot of money by being dull!), companies - there's only so much to say that's relevant and new after all...

Filtered. Tedious.

NC's divorce is more relevant TBH. Agreed, let's keep politics out of it.

GQ, as far as I can see, the actual points you raise are few and far between. Ironically, you spend more time arguing with other posters than on your actual points yourself!

You want a well-publicised "shareholder value strategy", that includes dividends, right? Was there anything else? It's genuinely harder to determine the real points when faced with a wall of AI-style text. Tell ChatGPT you want short-bullet points...

If that's all it is, then what engagement do you actually want? Like many others, I simply disagree that dividends are a necessary, or even desirable part of the plan at this stage, even for the mid-term. Giving away money in such a fashion is a terribly unimaginative use of funds, especially for a company with such substantial growth ambitions. The "shareholder value strategy" is, as HAA has already stated, to build a mid-cap mining company with several mines running. How much more road is there in further discussion? By all means, keep repeating the same points over and over, but doing so won't move the share price either...

Some quotes from that interview I noted down at the time:

"(TK) is a stepping stone, in a vision"

"A huge opportunity, way beyond TK"

"I see a much larger organisation with several mines running and a big pipeline of opportunities"

You're also repeating yourself GQ. And I very much expect that you're simply not gonna get an answer any time soon. Read whatever you like into that - if it perturbs you sufficiently, by all means find another investment that is more to your tastes.

The best indication as to HAA's intentions can be seen in the recent interview, where he talks about his aspirations for the next 5 years, including multiple mines running. To achieve that end is going to take a lot of capital, so giving away chunks of cash in the form of dividends would probably delay or undermine that long-term view.

KG. 508 posts in 30 days is over-doing it. Save it until there's actually something to say. I'm gonna have to filter you if you carry on like this.

The total MCap today is only £140m. Raising the kind of money we need would be a lot more shares. That means company-level dilution for every existing shareholder, which is never popular, and all the more so if some existing shareholders were excluded from participating.

Moreover, the more restrictions you place on who is eligible to participate, the less likely you'll actually get enough participants to raise the funds you need. PIs pockets are not bottomless!

Finally, we simply don't need to. With existing sources able to raise 3x what we need, at project-level dilution, there's simply no need for any other options.

Personally I would actively steer clear of any company that does this. Focus on doing your actual job. If I want to gamble on crypto, I'll do it on my own time, thank you very much!

I think the "background buyer" was (primarily, not solely) responsible for the move from single digits to double digits, shortly after the CNR sale went through. I was (pleasantly, obviously) suprised by that move, as I wasn't really expecting much to happen until we got closer to La India production.

Since then however, the picture is less clear. If there is still a background buyer, which there may well be, then they may have been largely neutralized by a background seller, who I suspect is probably Jim Mellon, and I mentioned this possibility very early on in my MTL membership.

The recent drop is in-line with most of the rest of the sector, following the wobbles in the gold price itself. A complete over-reaction in every way as far as I can see, given that a.) the gold price as I write remains at a pretty handy $3943.50, way beyond virtually all current miner's costs, and MTL's particularly, and b.) that the sector generally had hardly been pricing-in that higher gold price to begin with.

As always, what will happen in the short-term is a bit of a coin-toss, although I like to think we could hold 12p. The long-term is bright, for all the reasons we already know about. Thus, the down-side appears to be pretty limited, and the upside looks very attractive.

Oh please. You ask a silly question and give a vauge hand-waving reason as to why. Don't expect everyone to fall over themselves to explain chapter and verse. You'll note that no-one else even responded. Just like I won't next time. DYOR.

OK... any particular paragraph, or do we have to guess?

Perhaps we should just short-cut this whole conversation... no, I don't believe there is any limit to the number of shares this, or any, company can issue.

Why would you think that?

I expect you intended to post this on the CORA board. It is (thankfully) not relevant to MTL.

It'll be very interesting to see how the equity component is structured. Will there be 3 equal parts, or just one big one? Given how over-subscribed it is, maybe HAA will add just a touch more TK dilution to allow for some exploration funds and/or working capital for the next couple of years? Either way, a nice problem to have!

The licenses that are controlled by the government? The same government that has a big stake in the project itself? I don't think it's going to be an issue!

I expect most crypto bros don't understand why gold is valued to begin with - it's real, and permanent, and pretty.

KEFIGOLD, calm down...