Looks like our "Go" is, slowly but surely, coming back Cashy
I'm inclined to agree re the reason for today's rise, Bazzaman, but in the long run I think the consolidation will turn out to be a good move.
Hold quite a lot (more than I should). Target sell 60p.
In preparation for the ASX listing I thought I'd do a search in Hot Copper for MTR. In luck I thought, Hot Copper are on the ball and there are even a few posts in the discussion section. Then I noticed the share price. $3.95!!!! and market cap $1.2bn!! Can somebody tell me quickly how I transfer my shares to the ASX?? If only....
Potential is enormous but nobody, well, hardly anybody, buying into it.
Good morning all. Re transferring holdings to the ASX-why would you do that unless you were an Aussie resident? Won't the prices be pretty much the same, as with Thor? I must admit I don't understand why MTR are going for the dual listing, and I'm not expecting it to have any significant effect on the SP, but I have no experience of this situation at all. I've heard mention of Aussie investors being more likely to invest in us as a "mining" company but the share consolidation was supposed to attract more institutional investors and apart from Hydrogen's mate that doesn't seem to have worked. Is dual listing or even transferring solely to the ASX really going to achieve much.? I'm not holding my breath!
Can someone enlighten my darkness, please?
There seems to have been a fairly widespread pull back lately-some of MTR's holdings are down, and BRWM is down nearly 12% from its high earlier this month. Not sure why as copper is still doing well and forecast to do better.
Hi Zaphod. I did the first part of your calculation this morning, but it's a big leap from there to estimating a current value of the resource to a prospective buyer or to its impact on the SP/MCap. Why did you pick 3% to apply to the overall value of the resource? I've no idea whether that's reasonable or not but we have to start somewhere. Perhaps someone will come along with another figure and we'll eventually arrive at a figure we're reasonably happy with. I would expect some discussion tonight on Hot Copper, which might enlighten us further. At least it'll be better than all the futile rubbish we have to put up with on here from some contributors.
Pam up 34% last night. Not the best timing by MTR -PAM up around 60%+ since the Dec 2020 disposals, and missed out on most of last night's rise.
A better performance but we just aren't good enough. Not the players fault, not Sam's fault we've got an absentee owner and a clueless Board.
Patience of Job and the life expectancy of Methuselah? Just joking!
and MTR is grounded. I thought we had some good exposure, apparently not!
I be there are a lot of us in that boat! I told my wife months back if it hadn't done anything significant by the year end I'd start to get rid, but I'm like you M78M, something's got to give soon, the dam's got to burst at some point and then will be the time to take some profits. Just have to grin and bear it a bit longer., Chestec. The listing on the ASX isn't far away and that could give us a leg up. 12 months is a long time for nothing to happen-a lot of drilling in that time by SFR, cobre and all the other smaller companies we're invested in. I'm sure something will trigger a rise. Otherwise we'll be having the same conversation next year!!
Hello Fiercey. The "change" figure is nonsense. The bid/ask prices are the same as yesterday and even they don't match what you can sell and buy for . I've no idea what's going on -just have to continue to believe the SP will represent actual value soon.
Thanks Taylot
Taylot, how many 2p warrants are there? Is that what is holding us back? the resources sector is doing really well at the moment (my BRWM shares are flying) and yet we're still stuck in the mire at 23/ 25p, more or less where we were 6 months ago.
40p? If only. At the moment you can sell for 23.85ish and yet the bid is still shown as 23. Why is that? Is there some reason the MMs don't want to raise it to 23.5?
Forest, could you drop MTR a line and ask them if they've got a vacancy for a PR man? I know just the chap for the job!
Even we got a draw with City, Fiercey, what were your lot playing at?. We just had an "off" day against the Arsenal-just a blip, nothing to worry about.
Hope ARV comes good for you and MTR. I might have joined you but no spare cash at the moment. P'raps when we reach 50p here I'll sell a few and join you then!