Member Info for Keithb1

and whose and what are those last 3 deals of 2.9m?

is very tight at the moment. I've just tried a couple of dummy deals and it was 1.368 to sell and 1.372 to buy .I don't know how long those prices have been holding but it's probably fair to say some of the deals reported as sells are actually buys. We'll find out on Monday, I dare say, if they were buy-back deals.

I'm not convinced the cat is completely dead, but it definitely could do with further drastic surgery .

OK It seems we all are, and always were, agreed! I'm glad that's cleared up.

Yes DaisyRoots but 5% ABOVE a figure is 105% OF the figure. If deals could be done 105% above (over double) the average we'd have a spike in the SP higher than Big Ben., or more correctly the tower that houses Big Ben. Illaquens would have a turn!!(just havin' a laff-no offence intended)

Which means I think, going back to Ivans' question last Friday, if the SP went up 4% each day consistently no buys-back could ever take place because the 5 day average would always be more than 5% above the final day's price. Of course if the SP went up 4% daily we wouldn't need to buy any shares back, would we!

yes, Illaquens, you're right and from memory-I haven't just re-read the RNSs- the formula was to pay up to 5% above an average of the last 5 days' sp. So, being as we're up over that at the moment I suppose we'll just have to be patient a while longer.

Looks like MTR/Arden opting to sit tight at the moment. It won't help the SP to just raise expectations and then do nothing.

I agree to some extent Chestec. It's a bit like early 2016 all over again, except this time we have the proceeds of the MOD JV disposal in the bank and I think our other investments such as Cobre are more likely to make a contribution than what we held then, although the ones that we held then could still come good. We also have more knowledge of Botswana than we had then and won't make the same mistakes as we made with MOD. A lot of progress has been made in the last 4 years and hopefully MTR can build on that progress and deliver something really exciting for shareholders again

Let's not get too excited, chaps. There's a lot of water to go under the bridge but we don't quite know yet whether it will be a trickle or a torrent. Better to rein in expectations and be pleasantly surprised rather than be disappointed.

Not worth bothering with. If that 8m is a buy it blows the calculation away on day 2!

Amazing. If any of the sellers read this board, would they like to explain the logic of selling now, assuming they're not strapped for cash of course.

Shhhhhh. Not so loud!

Well, it's certainly not "transformational", which I think is the word our CEO used to describe the SFR deal. Will "transformational" have its day? Just have to hope so!

Thanks Illaquens. If they're waiting for the SFR price to recover we might have a long wait-it seems SFR is pretty unloved at the moment and the copper price rise in the last week hasn't helped much.

I agree totally. It's been over a month since the buy-back was approved and nearly 2 months since the idea was announced/put forward for approval. What news is/might be about to break that would give rise to a closed period? Whatever it is can the Co. not merely tell us the nature (but not the detail) of the information which is holding things up? The lower the SP drifts the further the buy-back has got to drag it back up to have any meaningful impact for many LTHs.

So are you not expecting the buy-back to start before then?

I share your frustrations F1. The silence is deafening and the sp slide predictable in the absence of some news from the company. Michael, Charles and the rest of them are really testing people's patience at the moment. About this time last year the company arranged some regional informal lunchtime meetings with shareholders. If we don't get some action before Christmas I'll be mailing Charles asking for a repeat. The time is fast approaching for some face to face discussions .

As I understand it MTR can't set up the buy-back facility whilst in a closed period. So can we assume this is the reason for the delay? If so could it just be some routine reason ( e.g.publication of periodic accounts) or is it some price sensitive information such as assay results that's holding things up? Anyone care to speculate?

Well, given he low volumes I think it is fair to say most shareholders are staying put, but we don't know whether they are clinging on by their finger nails , remain totally unconcerned or somewhere in between. I think I'm in the last category somewhere north of the midpoint!