The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Can everybody calm down a bit. The sp is Cr*p and we're all a bit p'd off with it, some more than others, but there's no need to come to blows on here about it. I don't think anyone on here is anything other than what they purport to be. I think we're all genuinely in MTR for the right reasons and squabbling amongst ourselves serves no useful purpose. I'm as disappointed in the SP as anybody but if I've made a poor decision it's my fault-nobody else's.
March price 4.54, up 1.6%
Just noticed this was posted yesterday on Hot Copper yesterday. We're now trading at a discount (only just, mind) which must be the first time this has happened I think, although I could be mistaken. We've always been at a premium, haven't we?
Hello Fiercey.Nice to hear from you again. I suspect MTR has lost the goodwill of a lot of its LTHs now. I no longer have the confidence in the company that I once did. It's stagnated for far too long with no benefit except to those holders who either got in very early on and didn't invest more at what turned out to be very frothy prices, or invested only in the troughs. Well done to them but I bet there are a lot more investors who, like us, have held for a substantial time now and have made next to nothing. My impression, as opposed to having hard evidence, of the performance of the investment arm is that for professional investors with specialist knowledge and access to a lot more information than retail investors can ever get, MTR has done poorly. There have been successes but these have been outweighed by the failures and those which are still held at substantial losses. We need SFR to release news that impacts directly and heavily on our balance sheet/profitability or Cobre/KML to find something substantial that does the same.
I agree communication by the company with shareholders has been poor. Covid has put paid to the meetings/presentations we used to get but surely they could have found another way of talking to us. All very frustrating. Just as well we've got SFR doing good work, but MTR need to show that they can produce results themselves, not just sit back and live off SFR's efforts.
Grizzle over!
Hello Impecunious2. I agree with everything you said. If Thor does ever take off, we'll all have to make decisions-perhaps daily-as to when to get out, but hopefully we'll decide on the basis of how we see things developing not on whatever price the share is at on any particular day. At least I hope that's what I'll do, rather than make some knee-jerk reaction. Anyway, I think there's cause for some optimism at the moment. Let's hope it is justified soon.
I'm pleasantly surprised by the price the raise took place at-I was expecting .5p or even less. I know it's difficult for lots of holders, but I think we have to put the Billing era behind us and accept that what's done is done. We've now got some money to advance some very promising projects with renewed confidence and people on the BoD who appear to have a much better grasp of the situation. And just in case anyone thinks I've just come on board at .6 or .7 or even .8p, I can tell you I need over 1p to get close to B/E.
Is quoted at 46c which is nearly 25p. Is someone trying to get UK holders to transfer sales to ASX? Can someone explain?
No impact/interest on ASX/HC apparently
According to the RNS post IPO we'll hold 15m shares at A$.20 so value will be (for as long as the A20c holds) A$3m or £1.608m.
Cost will be A$1m or £536k + US$750k or £562.3k at present rates. So profit will be just over £0.5m or about 45% if all my arithmetic is right. Let's hope the IPO price goes in the right direction!
Very good DP. That made me smile.
Well, I doubt they're crying into their beer, DR
Chaps I think DP is getting a bit of rough treatment. His post wasn't that negative and I think it was unfair to single out his comment about the BoD from what was a perfectly reasonable post. I'm not sure how long DP has been invested but if he's like me he'll be coming up on his 6th anniversary soon and is entitled to air his frustration. MTR's prospects always seem to be good but the rewards always seem to be just over the next hill.