Member Info for Keithb1

OK, thanks. Perhaps tomorrow or Friday.

What's happening? I thought the listing was today and expected to see a price on Hot Copper this morning. Did I get that wrong?

Well, the good news TF1, is that there have been no big sells today-unless they appear late of course, but on the other hand it doesn't look like Arden have bought any either.

I agree with you as to who (alone) is benefitting from the buy back and as to what will get the SP moving again I think it's going to take something massive, even bigger than what propelled the SP to 5/6p nearly 4 years ago. That's because so much has gone belly up in the last 4 years-I won't go into detail, it's too depressing-that MTR has a mountain to climb to get a positive sentiment to return.

Yes, there's a lot of good news that could be just around the corner and let's hope it starts with Cobre this week, but essentially I think we're back to pre T3 days except for 2 major differences- we have the SFR shares enabling us to avoid any more share issues but we have 3 times as many shares in issue now. Hopefully the good news will come and attract new investors, but it's going to be a while yet I think. The share buy back could help but I've said my piece on that so won't repeat it.

None so blind as those that don't want to see! End.

Lazygun, I'm talking about the actual deal prices-not irrelevant published bid/offer prices. The deals from 24/12 to 2/1 were all above 1.37p, with 1 @ 1.38p. Of the next 3 deals, only 1 got through @1.37, the other 2 were a@ 1.36, ie lower on average than the first 3. If you choose to ignore the facts there's no point in continuing the discussion.

Lazygun, yesterday's deal , reported this morning is at a lower price than all the preceding buybacks except the first. Does what I said this morning make sense now?

Look at the prices the deals have been done at-the latest is the lowest except for the very first one.

appears to be actually reducing the SP. How many on here expected that before it started? Not many I bet!

DP, your first 2 paragraphs are spot on. We're still stuck in the same range we've been in for months and the buy-back, despite its stated intention of narrowing the Sp discount, has done nothing in that regard.

I've also been invested for almost 4 years,( so I hope no-one accuses me of having too short horizons!) and after that length of time I think we're entitled to voice our opinions on here. I don't know enough to comment on any possible skulduggery that you might see but to me this buy-back is just failing to deliver anything worthwhile. Unless Arden/Mtr change the tactics it'll be a waste of time and money.

I can't comment on what's going on in the background / smoke-filled bars but this buy-back certainly isn't doing a fat lot for the SP and PIs

I don't know-I was just wondering why the buy-backs have stopped. They obviously hang on to the cash if they don't use it to buy shares. Can you think of any other reason? What's the point of going to the trouble and expense of setting up the buy-back facility only to utilise it in a half a*sed manner?

anyone care to offer any explanation as to why the buy-backs have dried up. I can't see any link with the Cobre IPO-that's hardly likely to stop Arden buying more MTR shares, which aren't trading at more than 105% of the last 5 days average, so that can't be the reason either. P'raps MTR think the IPO will lift the sp all by itself. Intriguing.

store for us today? Another day of watching paint dry or some news/excitement?

booboo, I think it's a little early to talk of weekly average rises when the buyback has been going for only 2 weeks and actually there's only been 1 modest rise-after the first purchase @1.26p. The remaining purchases have been around the 1.375 mark, varying only by 0.01/0.015p not 0.1p. A long way to go yet.

I agree with most if not all of what you say Lazygun, about the MTR wider picture, my concerns are about the buy back. Joking apart , perhaps they will ramp it up a bit and we'll all be happy. I will just mention that when the possibility of a buy back was first mentioned I was not in favour as I believed the money would be better spent on advancing the company's projects which if successful would feed into the SP. I just think once the decision was made to go for the buy back , it should have been actioned more forcefully from the start than it has been. No sweat, it'll all come out in the wash.

Well, if they're gonna start taking my advice , I want paying for it!! A nice NED role would suffice!!

Casey, Lazygun-good morning. I hear what you say but still maintain that the current buy back volumes are not enough. I believe the stated objective of the exercise was to raise the SP to more accurately reflect the NAV. If all it's doing is putting a floor under the current low SP then I would suggest the exercise is failing. Having said that I realise things could change and deal volume could go up but I can only comment on what's happened thus far.

Lazygun, you speak of poor sentiment for MTR-why do you think that is? I would suggest it is because MTR has promised much from the early days but delivered comparatively little for most shareholders. You yourself were critical of MTR's acceptance o the SFR deal as was I particularly in respect of the value attached to the non T3 land holding Mtr's s other assets despite being held out with great promise initially have failed to contribute to the SP. If MTR is to turn that sentiment around it needs to act decisively in respect of the buy back and get the SP moving not just stop it falling further. I am fully aware of the price restraint on Arden but that doesn't stop them buying in increased volumes does it. The time to worry about a spike is when the SP is rising not when it's stuck where it is now.

Anyway those are my thoughts and I'll stick with them until I see things changing. I sincerely hope they do!

Lazygun, good morning and happy new year to you. I'm disappointed because of the level of buy-back. The first tranche of shares bought achieved a reasonable uplift but since then the SP has done nothing despite at least 2 further purchases. The buy back exercise was trumpeted as a means of adding value to the SP and bringing it up to a figure more representative of the underlying value of the company's assets. I think the market expected (and many shareholders did also) a rather more substantial intervention than we have seen thus far. After all, we are talking about getting the sp up to a proper level not an exaggerated one. MTR has underachieved and failed to live up to its early promise. If it is going to reverse that situation I think it needs to show a bit more aggression with this buy back than it has to date, especially at this stage of the process when the SP is so cheap and there is hopefully good news to come in the relatively near future. I know it's early days yet but I'd rather MTR acted decisively and did something to catch investors' attention than provide another instance of promising much and delivering little.

Agree wholeheartedly, Dontpanick. I'm mystified as to what's going on. Thus far the buy back is just one big damp squib with the only deals going through being sells and absolutely nothing being achieved for LTHs. I know it's early days and we're still in the middle of a holiday period l but to say I'm disappointed thus far would be a colossal understatement.

Yes I thought they were sells but missed the "ut". 2m is a sizeable chunk to get rid of but never mind, onward and upward (I hope!).