Member Info for Keithb1

Doesn't look like anyone has told the Aussies yet, PW-it was down last night on ASX!

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.

Well said, that man! By the way are you a Scot? You and a Scottish mate are the only ones that call me Kethy

OK, ta. But I'm sure you're just being modest and are pushing him pretty close now! Just a few more tickles to go.

TF1, that's a bit too cryptic for me-0.000007 what?

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...%

Progress today I suppose but hardly anything to write home about. Why so little interest from investors? Even Thor managed twice as many trades as MTR today and many more shares actually traded. The Board are doing a good job in building the portfolio of investments but I think they now need to start banging the MTR drum a lot louder to attract some attention and get some enthusiasm about the company going. We've got more to be excited about than we've ever had and yet we don't appear to be attracting new investors. I think this problem needs to go on the agenda for a Board meeting in the very near future.

Yes that would make more sense but good for MTR anyhow. We'll soon find out in any case. Let's hope the markets respond positively for both MTR and Cobre.

My immediate reaction was that Cobre are using some of their recently raised cash and that MTR will be a beneficiary as they will now have an interest in 20% of the entire land mass instead of 20% of Cobre's former 80%.

You're being very pessimistic MP. The Gov in Botswana might have taken the powers for a 6 mnth lockdown but that doesn't mean it has to last 6 mnths. No gov anywhere will persist with a lockdown any longer than it needs to, the costs are too great. Botswana will allow its people and industries back to work as soon as it can.

GGP hit 9p but has fallen back slightly.

Does anyone know if MTR hold any shares in Artemis Resources? Mark Potter was appointed non-exec Chairman in February but I can't find any reference to us holding any shares. The shares were up 28% las night on ASX

An RNS dated 25/9/19 with MTR's results to end June 2019 stated we held 14.7m shares in GGP with no mention of warrants. I took the figure of 9m from the list of holdings in the IC article. I've looked through RNSs since June 2019 and can't see any mention of any purchases or sales of GGP so I can't explain the discrepancy between the 14.7m and 9m-perhaps someone else will come up with the explanation. Sorry chaps

Now 8.25/8.50p. So MTR's 9m shares worth almost £0.75m GGP holders are getting very, very excited! Our turn will come soon!

I think you're right about the market waking up Illaquens, but there also other factors moving in our favour. Investors have more confidence in an SFR with cash rather than an MOD with none and the time horizon is moving closer than it ever has been so people don't expect to have to wait so long for a return. Our other investments besides our ex MOD holding are also less speculative now with KML on SFR's doorstep, figuratively speaking, and Cobre also on the cusp of making a very good contribution together with GGP and SAU. Who knows-even Thor might surprise everybody-OK perhaps not. Anyway the point is MTR's portfolio is looking a whole lot different now. We've gone through some hard times in the last few years but the work of the Board and our patience is now about to pay off. 2020 could still be a very good year for MTR holders, despite the bl**dy virus.

Great positive posts, chaps, and not in the least bit over the top. Let's hope Botswana and Cobre's neck of the woods can avoid the worst of the effects of the virus and everybody there can get back to work ASAP. I agree MTR need to bang the drum a bit louder

and they all show as sells, making 6 out of the last 10 deals shown incorrectly I would guess.

So, what should we make of those results? I don't have the necessary expertise/knowledge to give an opinion but I assume the Aussie market must be reasonably happy as CBE has hung onto the recent gains, although not ecstatic as the sp improved only a little in the last session.

I'm sure you're right TF1, I wish I was in that position but we've got some big bills to come and I'm already into MTR as much as I dare, so having to just hold on for the recovery now.

and SFFR up 12% to A$4.40

that'll get the buyers in.