Member Info for Keithb1

Very good, kamikaiza. I share your opinion of the man-I take it he was a man.

Forest, if I learned 1 thing from Bonker, it was to take no notice of predictions of SP rises based on charts.

I can't cope with this-I'm going for a lie-down

It must have been for just seconds, but the bid just shown by HL was 2.10 and I was in PROFIT!!!!

Lazygun, Hi. I think the share buy-back "failed" because it didn't achieve anything and was therefore not a good use of funds. I think it is most unlikely that the buy-back has played any significant part in the recent share price recovery-that is down to the IC articles and the resultant greater awareness of MTR amongst investors generally of MTR's genuine intrinsic merits

Hi to you bigmj, too. I think it is a rather simplistic view of the buy-back question to say that it was a success just because the sp is greater now than it was then. I think it would only be fair to claim the buy-back was a success if the sp rise was actually attributable to the buy-back and I don't believe that to be true.

On the consolidation point, I'm happy to go with it now we're on the up. It's all about perception in my view and I don't think the negativity usually attached to consolidations will apply in our case . We're not seeking to re-invent ourselves by means of the consolidation. Rather the company is seeking to present itself in a slightly different way, to change others' perception of MTR, having already gone through a transformation from the MOD era into the SFR et al era. I'm happy to go with the Directors now on this one.

Looking forward now with renewed confidence.

As I said at the start of the month, share consolidations are rarely a good thing but at the moment MTR's prospects are excellent and so I think now is a good time to float the idea of a consolidation. There can certainly be no criticism on the basis of the company acting out of desperation and I would think it puts to bed the possibility of any further buy-back activity. All in all I'm in favour at the moment and hopefully things will be even better by the time of the AGM.

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!

Bit of momentum beginning to build now. The IC articles have definitely helped to increase a wider awareness but MTR's intrinsic value AND potential is now becoming apparent.

Nor me Candybelle.

Very sad news. I never met him but he seemed quite a character.

Sounds like you've accepted bigmj's challenge, TF1. Looking forward to the RNSs coming thick and fast while the mere mortals on here look on in awe!

Isn't it incredibly early for the bigger fish to be showing an interest.

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)

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.

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.

' Morning TF1, Did you mean Wednesday or are you planning on visiting a small town in the Black Country?

Great news for MTR. Lets hope the news flow starts again soon from Botswana. Am I right in thinking Cobre have been able to carry on working in Australia?

Could be TF1, 2 deals in 11 minutes. Oh wait a minute they're sells. Never mind, there's always tomorrow