Member Info for Forever

If you look back on this board a few years you realise what great contributions have been made. You can also see the hurdles that the company have passed. The latest presentation IMO feels the most forward looking I’ve seen recently. There is still work to do but with the gold price improving (cup and handle IMO) debt will be played down quicker.

Today has bought an end to all the speculation. We know they have a good man in Mr Bowden who can now give more of his time to the operational side of things. Who knows we may hear words like biox on this page again! Thanks to Les for all his efforts.

The Company continues discussions with its Lenders in relation to its goal of securing a total restructure of the Company's debt resulting in a stable debt profile for the Company. Accordingly, the Company's shares remain suspended due to the material uncertainty of the Company's current financial condition.

A further announcement will be made in due course, as and when appropriate

I’ve 280000 shares Roy. When I look at the news flow from 18 months ago it’s incredible to see how far we’ve traveled and what’s been accomplished so far. I remember watching this clip of DB when he was appointed at MTL. I believe we have the right man for the job.
https://www.youtube.com/watch?v=S_e_skLXlTk

It’s great news to build on. IMO DB has not put a foot wrong since his appt. As pointed out he is our best asset. Hope retired gets to hear the news soon.

Great day today. It feels like we’re a model sail boat on a boating lake being held firmly. Finance in place and we’re off. It’s been a long wait but news will be soon.

This year has felt like Groundhog Day at times but the news we are awaiting is surely soon. At an operational level we have never been better IMO. Tomorrow marks the 15th anniversary of the day MTL was admitted to AIM at 3p. What a fitting present the finance agreement would be.

The banks need a healthy MTL. The improvement in gold price this year and the improving figures suggest that what has been more important before a deal is accomplished is to get us on our feet. If the banks are providing a ‘nurturing’ role then when we do return we will be stronger. You don’t eat rich food straight away after being unwell and this slow return is better for us in the long run. IMO

All the best Roy

From the most recent set of accounts. Commodity price risk
The market price of gold is one of the most significant factors in determining the profitability of the Group’s operations. The price of gold is subject to volatile price movements over short periods of time and is affected by numerous industry and macro-economic factors that are beyond the Group’s control. In 2018 the price ranged from $1,176 to $1,360 per ounce, with an average market price of $1,268 per ounce (2017: $1,257 per ounce). The Group’s policy is to sell gold at prevailing market prices. As at 31 December 2018 no financial instruments have exposure to gold prices.

On the 6th Dec when the announcement of Mr Holzberger was made gold was $1238.10. On the 3rd of Jan when Mr Bowden joined gold was at $1291.80. Although no guarantee of future events, today it’s up near $1360. We’ve not got the wind in our sail just yet but with the POG and all the new developments since dec18 you’d hope we’d be on journey once more.

Please ignore my last post! I was looking at the 4 6m+ trades and realise now they are not what I thought

The last few trades of the day look like buys and are related. With the shares in issue now could would be looking to a holding RNS? Fairly new in this as a committed shareholder so apologies if silly question

Exciting times. Any thoughts to sale at close 5.5m? Selling on news..

Attention will now turn to the new plant manager Xiaofeng Zheng and improving production

Not sure if already mentioned. It was reported by morningstar that they reduced their holding from 9% to 5% completed on the 23rd January 2019.

A poster on advfn has claimed that the last sells of the day of 2m were in fact his purchases and that they took time to fill. I hold in Mtl but can’t add already to the great posts on here

A purchase of nearly 3% of BRD and the stock price remains static...

Forecasted economic growth in Indonesia could make the country one of the leading global economies by 2050. A growing country, investing in its infrastructure could have a positive effect on us at ARS IMO. https://www.pwc.com/gx/en/issues/economy/the-world-in-2050.html

Could be investors waiting to see what US fed does re rates and how this is going to affect gold price IMO re lack of afternoon rise...