I'll add my twopenny worth to the conversation by sayingI think that's right, Kickboxer. MTR's % holding will mean they won't be dragged in a direction they don't want to go, as they were with MOD. I imagine the strategy will be to drill as many holes as it takes to prove the worth of the licences held , or such of them as they want to dispose of at any particular time. I'm sure they'll want to avoid spending money on planning a mine and then having to dispose of relatively unexplored territory only to find that what they didn't know about was likely more valuable than what they did know about! Hopefully we can rely on MTR to extract maximum value from the KML holding when the time is right.
I think that is very much a matter of opinion, Mullins. There are a numbers of factors responsible for the recent recovery and if the share buy-back is amongst them I'd put it at the bottom of the list a long way behind the rest. However whether it worked or not is not important to me at the moment-I'm just enjoying the moment, although I do need a smidgen more to see a profit!
RE: Well another little tickle up12 May 2020 12:05
I'm not normally a fan of conspiracy theories but the bid being stuck at 1.50 does seem rather odd given the volume, so I'd agree with you, TF1, on this occasion. Of course it could be you pulling the strings to get your average down!(smiley face thing)
RE: Well another little tickle up11 May 2020 16:43
Well, whether it's 3 or 18 mnths for something majorly positive, you'd have to be a mega pessimist to see anything really negative in the next few months (another plague or nuclear war excepted!) so buying at this price has surely got to give a good chance of a profit.
RE: Well another little tickle up11 May 2020 15:48
Good for you TF1. I hope you get your wish for Wednesday, as long as 1.75p comes on Thursday! There's a lot of news to come I'm sure, and who knows how far it will take us. Let's hope Andybear is in the right ballpark.
Between the first and last buy-back transactions last Dec/Jan the SP barely moved. I would rather the company hung onto its cash and spent it on further exploration /asset purchase than buying back a relatively small number of shares which reduces the total number in issue only marginally.
I don't think that would be a good idea, Andybear. In my admittedly limited experience share consolidations are often the last refuge of directors who have lost the plot and do nothing for the company. They're usually just a cosmetic exercise which is easily seen for what it is.Can you give any examples where a consolidation has actually achieved anything positive? MOD's didn't do them much good as far as I can remember. The only circumstances in which I would say a consolidation might be a good idea is when a company and its share price are riding high and so able to withstand any criticism of acting out of desperation.
Greets, Illaquens-thanks for the replies-I appreciate hearing the thoughts and views of those wiser and more experienced than me . I'm pleased the SP is staging a bit of a recovery-still a long way to go for me (and a few others, I bet) before I show a profit and I think MTR's investment portfolio is showing real quality nowadays, which is why I'm getting hot and bothered about marketing. It's no good designing a brilliant widgit if you don't tell anyone about it! MTR has really re-invented itself of late, I think there's a clearer focus on what it is seeking to achieve and a lot of knowledge and know-how been gained (not to mention cash) from the MOD experience. All of that needs to be put to work for the benefit of shareholders especially those who came on board some years ago and subsequently bought into the project at a higher SP than now.
Anyway, moan over. As you say Greets, a few more days of 3%+ rises and we'll all feel happier-even me! Even more so if we can hit 5-6-7...%