Gold price smashes through 2400. I mistimed my top up here a couple days ago (at about 4.2p). Oh well!
Deramp*. Bloody autocorrect!
Same management that recently admitted to not getting the terms of their loan agreement in writing... I'm not trying to derma, just pointing out facts. This is AIM, you need to be very skeptical of management and not give them too much credit - the market certainly isn't. It's a tale as old as time that management destroy shareholder value chasing overly ambitious dreams.
On AIM there is always the risk that management misuses profits... There is a tendency to use the free cash flow for further projects, and those carry risk. It's not as though the plan is to wind the company up and return the money to shareholders, right?
"that's what's happening big time".
Well, not really. Total volumes today are about 5m - less than £200k. That's not large volume.
Smart people are not selling after a 45% fall. Lol. If you were smart you would have sold nearer to 6p, not at 3.6p a few weeks later. It's dumb money selling now
Yeah my point was its not as straightforward comparing CEY and MTL based on annual production and AISC only. Miners are harder to compare as they don't have an infinite runway of gold to mine.
Every heard of LIFE OF MINE? Lol
Who are the traders? Lol. I'm not sure anything is obvious, tbh. Results were good, but shares are down about 35% from ATHs!
Its possible to sell when calm. in fact, its encouraged :)
How is it possible that it's both watertight and up for debate? It doesn't sound watertight at all. It seems like it was an informal agreement. If MTL had it written in black and white they would surely simply dispute it.
I know it's not as ridiculous as two mates at the pub verbally agreeing, but it's not far off, either. Does not inspire faith in management - what else don't we know?
If this hits 8p-10p you'll have certainly earned your risk premium!
40% down from ATH despite good results. There must be more to it than meets the eye, shares don't just collapse for no reason. The market really doesn't like the fact that the company didn't get the terms of its loans in writing. Even an individual lending his mate money would probably get something in writing ffs. It's beyond pathetic, doesn't really matter how much money it costs because it points to a MUCH bigger issue with the company and its governance imo. And on AIM, all you really have is trust in management (or a lack thereof).
Yeah there is clearly something going on, which is why the main shareholder is selling out. That was the clue.
I don't even know the history but just this morning he's been ramping BMV.
I've been on AIM long enough to know that no fully funded miner with 100k oz pa has a market cap of 7m.
Not sure he's on your mind, you're just in our faces lol.
Fully funded? Lol. Is this your first time in an AIM mining stock? If production of 100k oz is only targeted, and not already happening, you can bet your bottom dollar its not fully funded!
It's pretty embarrassing that a company worth £100m didn't get the terms of its loan agreement on paper. It suggests they are sloppy and don't pay close enough attention to the detail. Accepting a verbal agreement for a lower interest rate? Is that a joke??
Not sure RSI matters so much on penny stocks. There's more likely bad news that us pathetic PIs haven't been informed of yet
That's AIM for you I guess. Clearly bad news that hasn't been released to us yet. Always the way!
Thanks to all the bedwetters :)