Member Info for HawaiifiveO

Well I was correct in my assumption that the Standstill Agreement would be extended, what is interesting is they (the banks) are not wanting to wait to the end of Q2 so a judgement can be made on production.

My bet is they are close to securing a deal, the strap line at the bottom of the RNS 'a further announcement will be made in due course' implies news sooner than later.

I remain optimistic this will deliver significant upside and am positioned accordingly - the shares are dirt cheap.

There was a good example of how alluvial gold production numbers can change in a flash, a programme on Discovery last night featured an alluvial mining operation in the US - over a few days they worked X ground and came up with fine gold (like at Manica Bird has mentioned) the production was poor, only 25% of what was expected.

They moved to new ground 800m away from X, the results were outstanding - larger flakes and some smaller nuggets, the production numbers were 200% higher than expected.

Bird has said all along alluvial gold production is not for listed companies, we need to be thankful that income from alluvials goes some way to assist XTR's financial position. Hopefully, as better weather approaches we may get a couple of decent quarters leading up to the Hard Rock news/production.

I would imagine the shrewd will be adding - no reason why this cannot re-rate back to a £10m m/cap (3p a share) in due course.

I expect Bird will have an announcement out concerning the Hard Rock some time ahead of the AGM, held on the 25th June last year, at last the Hard Rock is coming into play - hopefully a good deal - he has said before he is happy to go for the low hanging fruit (gold) to enhance early production numbers.

I think the share price is a bargain at current levels with news reasonably imminent on the HR.

The only lure here for new private investors (who get their timing right) is the possibility of a multi multi bag in the share price due to some unexpected event.

Have noticed recently a trend developing where juniors are bashed down to fractions and then you get massive spikes (400%+) due to something unexpected happening, even the old fashioned short squeeze.Today's example appears to be TYM (up 50%) more recently EDL (up 450%)

When times were better I remember an interview where Paul Johnson talked about the time where he made a fortune in RRR and RGM - he was expecting the same in early 2017 and bought heavily - he lost hard here recently but is he and some of his 'followers' behind some kind of corporate activity re RGM and ABM I wonder.

Isn't Stephen Pearce linked to a considerable number of High Net Worth investors in the Midlands - Paul Johnson 'used' them, for funding, in his early days at Metal Tiger ahead of the multi bag in the share price - Doc Holiday describes them as the 'Rat Pack'

I do wonder why the fellow is seemingly throwing good money after bad or is he??

The poster on another site known as Atinos auntie Ettie (some say is Andrew Bell) is taunting the bashers implying -watch this space - market participants need to decide if something is going on behind the scenes as opposed to focusing on the obvious 'issues' apparent at Regency.

In have taken a small position as a punt - stranger things ahve happened.

It would be nice if we had an update tomorrow - my bet is on a extension to the standstill agreement, mainly because more time is needed on clarity of production - looks like there will be cash available for equipment upgrades this quarter.

Remember the company was cash-flow positive for the 1st time ever last quarter - make no mistake progress is being made.

Could this do another 400%+ like EDL did yesterday - interesting that Stephen Pearce raised his stake to 16% recently.

It only takes one deal or a cash injection from a group of HNW's to propel the price dis-proportionally - only £1.5m m/cap

Worth remembering that at the investor event they stated the compression equipment could enhance production up-to 7 fold - no wonder they talk about increased production.

I have added today - I have a feeling something is going on behind the scenes, to raise £750k in current market conditions was pretty good going (more-so given it is AST) I wonder what the takers of the stock were told and I wonder who they were?

As an attendee of the investor event I also know that they are looking at many options to return value - John Buggenhagen did most of the talking at that event and he painted a very rosy picture about AST indeed.

I am convinced there will be material news ahead of the AGM which should be mid/late May

New_2_LSE2018

You are making a fool of yourself - on the one hand you say no-one is buying but earlier you acknowledge there was an 8m buy.

I take it you will be attending the AGM and voting accordingly - a front seat maybe !

There appears to be someone accumulating AST - would not be surprised to see an approach - there were many interested parties in the data room during the Strategic Review, the main stumbling block was the non delivery of permits - they have now been awarded one !

Very little stock around this morning - news must be coming on debt re-structure shortly.

Interesting times ahead - a successful outcome would deliver a swift re-rate.

I listened carefully to the presentation, it is pretty clear that Bird does not need to place stock currently, I am staggered people cannot work out the cash burn, it is minimal - at the AGM last June he said XTR had £1m in cash and at the Investor Show in March (according to attendees) he said XTR still has £650k. The entire company runs on £500k pa.

It looks like Bird has been in discussions concerning the Hard Rock project for some considerable time - he wants to secure the best deal, from the presentation it appears these discussions are coming to an end. There is nothing in the share price for any form of increased (and significant) production - Bird is very canny, he called himself tight during the GLR presentation - I expect news shortly (as hinted at by the attendees who were in protracted discussions with Bird)

I am pretty optimistic for the months ahead, news is a share price driver, I would suggest now is as good a time as any to add or buy in.

I am a cautious soul but do believe this is a wonderful opportunity to make a serious return - the evidence is all there in today's RNS if you read between the lines - the company's production revenue exceeded it's outgoings for the 1st time ever.

There is a clear hint that the debt will be restructured + operationally they have outlined in finite detail all the new staff appointed to resolve the production issues - just read the credentials of these new appointees.

Goodness knows how the share price was demolished by 40% this morning - what a wonderful chance to get in at all time lows - just wait and see, this will recover, more news is expected imminently on the debt talks.

Opportunity for sure.

Diving down into today's announcement things are better than headline production suggest - when you look into the reasons behind the lower than anticipated 15,000 oz produced - loss of two weeks, equipment issues due to monetary constraints etc. These matters can be overcome.

The large plus, for me at least, was it looks like debt re-structure talks seem to be moving in the right direction, new Nomad and acquiring new equipment in Q2 is a massive clue.

The shares have been volatile but there has been strong buying recently - these buyers were not just gambling on Q1 production numbers were they!

Still a buy in my book - recovery play in full mode !

It does look like re-financing discussions are progressing well - there should be a statement soon I would suggest - this is a critical event of course - a good outcome will drive the share price.

Production was at the higher end of historic quarterly returns - it is not all gloom and doom - the market makers will take advantage of the weak holders early doors - there has been strong support for the stock recently, I would suggest the reason is more that speculation of a bumper Q1 production numbers.

This is a recovery play - bear in mind the capital restraints have hindered production capability - the new management are delivering.

The share price drop represents an opportunity IMO.

New_2_LSE2018

I was at the shareholder event - he never said there would not be a placing until the share price was 1p - for your information forward selling of placing stock happens all the time irrespective of when the stock is admitted.

It is very clear that many folk have no clue as to how the market works and also manipulate their bulletin board commentaries to suit their own personal agenda.

There is a reason the company is remaining quiet - it may be annoying to some but for people who understand the reason why (entities who could be bothered to attend the investor event) it should benefit all investors in due course - time will tell.

You can bet what you like most of this placing was forward sold - that would explain the muted response to the IPCC permit award.

Would not be too surprised to see the share price broadly level today therefore - we will see.

Improving production and a clue to a positive re-financing by suggesting orders have been placed for re-build of mobile equipment in Q2 2019.

Looks like they were cash positive also.

Initial reading thoughts

Apart from the production numbers it will be interesting to see if there is any update on the re-financing discussions - this is just another part of the jigsaw that is slowly being completed by the new management.

The recovering share price is a testament to their ability to restore the fortunes of MTL, there are some incredibly well informed posters on this thread, many with very large holdings, their optimism (and predictions) have been on the nail to date.

I really do think MTL is a very rare opportunity on AIM to return excellent gains over the next few months - the company is still priced to fail - wrongly - the market has still not fully appreciated the turnaround story, hopefully this week that story will continue, all being well the share price could well end the week above 2p !