Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
There will be plenty of private investors waiting on the sidelines for official confirmation of the new NOMAD as well as a selection of already invested PI’s waiting for confirmation before topping up further as confirmation will be seen as reduced risk.
Goshawk - completely agree!!! And I’ve said it before DB manages expectation, he’s an under promise over deliver kind of CEO. When he says “we are in the process of doing something”, it means don’t worry we have either done it and haven’t released it yet (but news is coming) or are just waiting for the pen to be handed so he can sign on the dotted line. He doesn’t need to say some of these comments in advance but when he does and they form part of offical RNS they always happen. I am invested in another company who are also waiting for some very interesting news (AAOG) and although having done a lot of research I also have complete and utter confidence in the company and what they are about to achieve, the CEO is the opposite to DB, constantly shouting his mouth off with deadlines they never seem to meet and booking in presentations to talk the same news which is weeks old. I know which type of CEO I would prefer guiding us through this transformation period.
PS not a plug, just a direct comparison of styles. DYOR
Good luck all.
Roy - I cant guarantee you price spikes, multiple bagging etc... but I can absolutely 1000 percent guarantee that a new NOMAD has been agreed which hopefully then leads to the above.
Good to have you back CV
Question - does anyone follow the secret number of shares, you know the 1111 share bought means, 2222 shares bought etc... noticed 710 shares going through at a price of £4. Seems like an odd top up. Does 710 shares mean anything to anyone who follows these type trends. I only recently read about this on another board. I’m sure is absolute bull but interested to hear.
Just added another 980k
I don’t believe for one minute that MTL hasn’t got another NOMAD agreed and ready to take over. From what I have seen of DB so far he is a consummate professional who does things the right way.
Very rare for the AIM!!!
An “under promise and over deliver” kind of guy and reading a press release which says “we are in advanced discussions bla bla bla ...”, to me says, it’s done and this will be (and should be) seen as a win for DB and his team!
Let’s face it, who is going to sign as the nominated advisor and broker for a company that is going out of business in a few weeks time... (nobody!!!) it is more then their reputation is worth, not to mention the amount of due diligence required.
No doubt there will be another announcement this week confirming the above and should demonstrate to the wider market that this company is only going one way from here. UP
Interesting discussion on ADVFN chat regarding MTL, one of the users has been in contact with MTL
“Fact production was raised to 65% nameplate in December.the highest it's ever been following the review finding.Fact the mine runs 24 7 7days a week. Fact ruffer will need to give a rns when under 3% of its holding.Fact CEO is negotiating with the banks with the best production figures it's ever produced so far with further improvements too come.Ive spoken to M.T.L!!!!!
He didn't give anything away,but because of the review they found out by running the plant a different way they could extract a third more gold from the ore which was 45% to 65% so the previous management could have done better for starters!I did ask about the license!his response was its complicated, but I got the feeling who ever owns the mine the license becomes theirs along with the staff who run it.So am confident that the banks know nothing about running a gold mine,but a takeover isn't out of the question imo.”
Haircuts Would put us in a very very strong position.
Like Volmer - id also take getting rid of the initial up front payment.
Either way - there is ABSOLUTELY no way the banks will want to take over a mine. Especially one in the middle of rural Philippines.
Here’s my view Roy for what it’a worth.
We agreed to the new banking deal with the upfront 20m payment to get try banks off our back for a few months so we were able to demonstrate we can kick start this mine into making solid profits. I’m not one of those believers who felt this was a no brainier and we will make tons of money in the first quarter of DS being on board. There is work to be done! DS has come on board and said you are doing things the wrong way and there are improvement to be made which will allow this company to thrive, starting with pumping more ore into the system... (that is a no brainier for me)
DS has this quarter to make serious adjustments and everything that we are reading through RNS’s and people in the know suggests he is making this happen.
We needed time (jan and feb) this quarter to show the banks, we know we didn’t have it right before, with the previous management teams, structure, outputs etc... but now we have as you can see from Jan and Feb numbers, the changes we have made in the board and senior teams, the assessment of the mine numbers etc...
My gut feeling is that this was always planned from our side with regards to the banks and that it was just a negotiation play from our side. Agree to what they want, come back to them a few week later and tell them we need to talk again, but this time with a full assessment, a plan, and tangible output numbers (jan and Feb) demonstrating profitability for once in the mines history.
It would not surprise me if DS is looking for both the bank and the major shareholders to take a hair cut on the debt to reduce the overall debt liabilities. (20 percent interest loans are no good for any company) this would allow the business to start making profits ASAP, pay off the loans quickly and start making money for us the shareholders
Very least we will get rid of the 20m upfront (which was a ridiculous ask from the banks) and crack on with paying the debts off ASAP.
We had been told this week that the major shareholder have no desire to put any more cash in and dilute the business any further which for me was excellent news. I was one of the people that thought this was a real threat. Now it’s not I’m supper confident we will meet the banks somewhere in the middle and crack on, by which point and having had the news the jan to March numbers were solid the share
price will be multiples of this.
DS is not here to mess around his reputation is on the line as much as anything else and I have been very please with the action he has taken so far. We still have work to do and until we have more information we are still in for an rollercoaster few weeks. I would love to be investing in the company as a new investor today at this kind of price, we are still priced to fail Massivey and I think we all know this isn’t going to happen.
Over 10 years Adam!!!
I missed out of the LOW LOW's of yesterday and first thing due to meetings, but bought a few more this morning to bring my average down.
Anything below 1p is an absolute bargain (Even taking into consideration the risks here) anyone who's been here for a few months know that.
Good luck all :-)