RE: VSA14 Apr 2018 17:42
Depends on what you mean by "current standing" , Bonker. A year ago just before the Sprott placing MTR had an MC of about �24m, after the placing it was about �27m (sp lower but more shares in issue), now the MC is about �22m with 40% more shares than pre-Sprott and the sp a third lower than Sprott's buy in price. Looked at from that perspective, MTR's current standing is certainly not better than a year ago. Of course MC and sp are not the only criteria on which the company should be judged but neither should they be ignored. There is a lot of potential in Botswana but realising that potential is going to burn through a lot of cash and if that potential doesn't turn into reality-well, it doesn't bear thinking about. We'll have a share in a modest sized mine, yet to be built, and a much diminished cash pile, with the prospect of more placings.
And before anyone starts ****ging me off and saying I'm a professional de-ramper posting under several names, I am a private non-professional investor with several million shares in MTR (currently down about 10% from my average buy price). I am in MTR for the upside you talk about Bonker and if I didn't see further than the current sp I wouldn't be here, but I do find the rose tinted spectacles some on here wear somewhat irksome. MOD and MTR need to start looking after their smaller PI's a bit better than of late, then their standing will improve from all perspectives.