Member Info for HawaiifiveO

No real volume given to justify the fall from 1.9p to current, the selling looks like it is coming from a few nervous private investors as opposed to any major holder(s)

Worth noting the RSI has fallen from a overbought 77 to a oversold 33 currently.

I am sure the debt restructure negotiations will soon be finalised, it is in no-ones interest to drag this out IMO.

Have been trying to build a position here but exceptionally hard to buy in any size despite the apparent 'drop'

With gold at current levels MTL is clearly priced in the market incorrectly, it is only a matter of time now before we see a significant rerate, I remain staggered the ever improving situation at MTL has not been reflected in the SP so far at least.

I think we will be heading back to the 2p range this week, but that is only the start if gold continues its advance.

At some point there will be a spike in the share price, on AIM there always is.

I would be happy to get 50% of my invested cash back, no doubt others would also, to do that I need the market cap to hit £12m or 25p a share after consolidation - given that some junior exploration companies with no revenues can attain that kind of market cap on potential alone I deem it is possible, it could easily spike to that alone.

The other way for holders to get more of their historic invested cash back is to average, my view is you will be able to buy around 5.5p post consolidation (interesting so far at least you cannot buy many under .06p which is 6p after consolidation) I am mindful only to do this when there is some clarity on direction.

Any new BOD should deliver a strategy update before the General Meeting, shareholders have a right to know what is going on in respect of so many aspects of the company.

Parsons is under attack on bulletin boards all over and Ainsworth was given a very bad critique by Ben Turney on a very recent Share P podcast with Tom Winnifrith, both have reputations to repair - maybe AST could be the vehicle to do it.

Birdy at his best again, has gone quiet, this must be the only gold producer not to rally this last month. He blows hot and cold on news-flow, unfortunately for us cold (no news) is more regular than hot.

I do wonder why the supposed management changes have not occurred - how good it would be to get a dynamic and motivated fellow at the helm with Bird sitting in the background using his contact network if required.

Some news has to flow, maybe an asset sale will come, how great it would be to get $20m+ for Fairbride.

The was a flurry of buying yesterday around the time US markets opened, one wonders if someone is still hoovering up loose stock for a purpose.

Do not forget the large buyer who has been operating at MTL for a number of months leading up to news, they paid 1.8p for some of their shares if I recall.

On reflection I feel more optimistic more-so as some gold price forecasts are now suggesting a rise through $2000 oz - MTL is on for 80k oz yet the m/cap is only £25m , taking debt into account I still think this should be nearer 3p a share right now.

A fellow on ADF$N suggests that they could issue convertible notes instead of direct equity - this would minimise immediate dilution for the minorities and allow the shares to appreciated to higher levels for conversion.

The fellow seems well connected also as the same poster implied a few weeks before that the banks were taking a haircut on the debt, it happened. I have to say I never considered this aspect.

Can see the share price rallying strongly if this is true

In come the buyers, very little stock on offer - can see this returning to 1.5p+ its heavily oversold

Getting harder to buy in any size, looks like this is about to bounce, fallen from near 2p and is seriously oversold on fundamentals.

This moves so quickly it could easily bounce back in moments, insiders will have some clue as to what is going on and I have not seen any massive dumping, it does seem more like unsettled PI's and traders moving the price down.

In my view it is now oversold.

Bought back my shares sold higher up - very little on offer now - IG want 1.25p for 250k right now

I am holding onto to my remaining shares as I cannot see a complete shafting for the minorities as some are suggesting - I can see at least circa 50% dilution from here but that will wipe a meaningful swathe of debt away.

At current levels (circa £20m m/cap) I believe the D4E element is more than priced in.

The market hates uncertainty but this uncertainty also offers opportunity to get in at basement levels currently.

I suppose the driver will be the Singapore listing which will provide a liquidity event for Bezant to dispose of those £6m ($10m) of shares - at the moment there is nothing in the share price for that but the interview I posted suggests they expect this to happen by end Q1 so it could come anytime.

The fellow being interviewed strikes me as very professional and as such I have confidence the listing will occur on time - would suggest now is as good a time as any to buy in or add.

Not sure if this is a pump and dump but a high follower Twitter handle is pumping GLR today - I also note that some folks are confusing the GLR with Goldstone Resources GRL on Twitter.

There could be news but be careful IMO.

Have they received the Mining Licence ? Is a deal with JLP about to be announced?

Remember Bird said annual income to GLR would be £10m - current M/C is circa £3m

I am really surprised the update even mentioned the D4E element, why not just say debt restructure talks are ongoing and a announcement will be made when concluded. Had they done that, with those excellent Q4 numbers, the share price would have probably be near 2p now.

This aspect is very disappointing and has blotted a near perfect run of RNS statements, minority shareholders now have to trust the major shareholders to look after them, I think all will be well but how nice it would have been to see the SP heading to, or even exceeding 2p today.

Let us see what today brings, if we see some large buys then maybe that is a signal from those closer to events.

I have to say I have taken a few off the table based on the uncertain situation concerning the debt for equity swap, I think the reason the Q4 numbers were delayed may be because management were hoping to complete the finance deal and deliver it with these results - not so.

The one thing the market hates is uncertainty, new buyers now have no idea as to what terms the D4E swap will occur and that is unsettling.

I have looked at the situation at AAZ where their debt hit circa £45m at it's height, so one may suggest the MTL D4E swap could be 50% (£50m) as opposed to my suggested earlier £25m. It is all guesswork now.

It is a great shame this uncertainty now exists but I think all will work out in due course.

Record production and record gold sales in $, it looks like operational improvement continues, note comments made about expected reductions in costs, due to hire costs dropping + other savings.

I suspected that there will be some portion of debt to equity swap - MTL has circa £100m of debt but will be throwing off lots of cash in the future - it will depend on what price the major shareholders want for conversion and what % of the debt they want to convert.

I will take a stab and suggest they will convert one quarter of the debt into equity, that would equate to £25m, at 1.5p a share would equal the issue of 1.66b shares or at 2p 1.25b shares, worth noting that some directors have bought at 5p a share, maybe, just maybe, the conversion rate will be at a higher premium to market.

Nonetheless the picture becomes clearer slowly but surely, they suggest the refinance structure will be announced by end of Q1

Interesting that IG are currently quoting nearly .09p to buy just £5k of stock - this to me shows the market is tight and it is very likely aware the bulk of the placing shares have been sold.

I remain convinced the majority of the shares were forward sold, any decent news and the shares will move very quickly ahead IMO.

As I have said Parsons has his followers and some are deep pocketed or market influential.

No-one specific is 'behind' the £800k raise, I would suggest most of it has been forward sold well before it was announced.

To make it clear spivs are informed XYZ company wants to raise cash, knowing the raise price in advance they sell shares they do not own ahead of the placing at the then market price, they then get whatever shares they have forward sold to deliver to the market via the said placing. It is a no brainer for them, this is how many brokers (or their clients) make most of their cash throughout the year.

I would therefore suggest that post consolidation the selling above 5p may not be as strong as some may think, this is why I believe there will a decent after market especially if the right news hits. One thing you can be sure of with Parsons & Co is we will not get the news voids we had under this current shower.

Let us say Ascent win the appeal where would the market cap go, before the recent RNS some were suggesting £30m, that would equal 60p a share post consolidation - a fairy tale story I know but fairy tales happen on AIM.