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I originally invested here on the basis of value investing. The share price was much lower than the NAV. Since then the share price and the NAV has been decimated. From the last accounts NAV is currently believed to be 0.11p. Right now I would consider it to be a binary bet. I brought again recently to average down. I think if you accept that this is AIM and the likelihood of losing your money is much higher than a ftse share - entry at this level is fine. Must be aware though that the board are taking salaries in shares at the moment as is at least one supplier - which could be seen as both a positive and a negative. I do think it's interesting that an investment manager brought about 4% of the company at this level.
The world doesn't care that we would like results now. I see the successes of Bitcoin and it's wealth creation as an anomaly that doesn't happen for the majority. And for a share to bag even once is a very good thing.
The holders of the loan never had MTLs best interest at heart. They were there to make money and they did but now that stream of income has dried up for them. Maybe Candy was short this month from the interest payments - who knows.
I'm looking for investments to keep for the long-term and am still invested here - I have top sliced . DB is doing a really good job.
I haven't had an elusive 100 bagger yet so am still hoping for one of those :-).
Lee I enjoy your posts - so please do keep up the posting.
Lee I’ve been a member on LSE for 13 years and I’ve never posted much generally. I don’t believe in messaging just for the sake of it. This board has been generally well informed and there have been a balanced posting on this board and there has no been no need for me to post. I only tend to post if I feel there is something that has not been considered on the chat boards or if people are unnecessarily attacking someone else for an alternative view that I think has some merit.
Never be so blinkered Lee that you can’t see another side of an argument. No one is infallible. This board is a general chat board and people are entitled to an opinion. It’s ridiculous that unless you say it’s going to the moon you are classed as a deramper. I’ve been invested here since 0.9p so doing ok in it at the moment. These two last moves by the company I’m seeing amber flags - and they do not seem like share price friendly news.
I can’t see the 100million purchase you speak of but it rarely shows the full picture with AIM shares as someone mentioned it could be forward sold placing shares. They don’t refer to it the Wild West AIM for nothing. The majority of times PIs lose their money with AIM shares.
Leehardcastle you don’t know what I have invested in. I’m aware of the ups and downs of this company. I’ve read your posts for about 5 years and on the whole they are generally solid. Now, the idea that DB has been promoting the company would indicate they are trying to raise money. The appointment of a chairman who has not historically helped his companies share price indicates to me that this is not MTLs priority. Unapologetically, I’m here to make a money.
My heart sank when I read about the new chairman. Looked at his previous performance at ARC and ARS and the time he’s been there the share price. On the face of it this does not look good for PIs. Time will tell.
This company has fallen from great heights and as with most small companies they will need to place soon. There is no harm in Iceman asking these questions. It's not in the day trader's best interests for these questions to be asked. I think that the last two RNS have been a bit waffly and haven't given much news just an update on what they hope to do and does look like an attempt to raise the shareprice. I think buying below 1p is ok with the usual caveats. These small companies have not been good for most private investors of late.
A poster sometime ago said once they’ve done the research on a company they check to see who the broker is and if it’s peterhouse they run a mile. I didn’t believe it to be true at the time but consequently every share I’ve seen where peterhouse are the brokers shareholders are decimated.
I agree with the other posters StockCheque - there is nothing here to be positive about. I'm glad that people are getting wiser to the robbery that goes on in the AIM market. I've said it before and I'm more convinced this looks to be heading towards wind down or RTO.
My reading of the RNS is to get £30 million for PFP the case will need to settle in excess of £120 million. If the case settles for more than £120 million PFP will get 22.5% instead of 25%. There is now a sliding scale for lower amounts.