I think there was an element of wishful thinking in construing RR's words as meaning he was putting another pile of cash into MTR/MTR shares although that's not to say it won't happen-it could well do. I don't see any evidence of on market purchases on the scale which would indicate he was scooping up shares and a direct investment into MTR via new shares I would be surprised at, at the moment. So, as you say Mike, patience is key.
Whether Sonic, or anybody else, stays or goes is of no consequence as far as I'm concerned-I'm more interested in KIBO and I was particularly pleased to see the last RNS was obviously not written by whoever has been writing them in the past-I assume LC. I was also pleased and surprised to see the investor evening announced as I think LC had weathered the failure to communicate storm and could have just continued to ignore us all if he'd wanted. So I think he's at last seen the light-or maybe 2 of them-and realised things had to change. I'm also hopeful that there might just be some good news about to drop, before the meeting, which he can talk about at the meeting, Otherwise he'll be facing a hostile crowd and he must know that. Having weathered the storm, why steer straight back into it if he doesn't have to? I think there'll be something to talk about which will encourage us to look forward rather than concentrate on past failures. Of course this could all be wishful thinking and he could still scrub the meeting but that would be suicidal. Having said that he might well be as depressed as most on here!.
I think LGO has a point but surely any issuer of an RNS has to be careful and err on the side of caution in how far they go in "selling" the facts. Once any "spin" is introduced then where do you draw the line? Perhaps what could be done is for an RNS to be followed up with a different announcement whish seeks to explain and give the company's take on the facts, so that fact and opinion/spin/selling are clearly separated. I think MOD has suffered lately because the A4 assays did not reveal another T3-ie the opportunity of another shallow mine. That's not to say the assays weren't good and didn't meet the company's expectations with regard to deeper mineralisation. Perhaps MOD could be better at managing expectations. But so could a lot of investors!
I doubt that's what Sprott is about. If they keep buying in the market they'll have to come clean eventually and that will push the price up. It would nonetheless be interesting to know what the average price paid by the major holders is.
The problem with a takeover is that the offer made will be at the prevailing sp + a suitable premium and at today's price that will leave a lot of s/holders well out of pocket. The sp needs to recover a lot to make a takeover a good way out for many, if not most s/holders.
Perhaps a question of more practical relevance for many is what's the SP going to do in the intervening period. A MOD takeover will be months away at best I would think, so are the SPs going to drift till it happens or will MTR/MOD recover some/most of the ground lost lately. If MTR does start to recover how many will lose their nerve and bail out as alluded to by Bonker earlier. The recent fall will have undermined the confidence of some S/Hs in MTR's ability to hang onto gains and this will hamper any recovery I would think .Nonetheless I'm confident the rewards for those patient enough to hang on through the 2 steps forward/1 step back routine will eventually make it all worthwhile.
I think LC has consistently been economical with the truth in his communications with shareholders, and for that alone he should have gone by now. I don't blame him 100% for failing to get anywhere useful with the Government, although A N Other might have done better,-who knows- and with regard to his handling of sepco we are about to find out just how good he is. If Sepco are allowed to do as they please , when they please then that is another reason for LC having to walk. The problem is the same one as we have back home at the moment with regard to our own Government-there is no sign of a more competent, or in any other way acceptable replacement. Woeful!!
So the buyer pays RR an amount for the warrants-assuming they are transferable, which we don't know for sure, and acquires the right to buy shares for the 5p that RR could buy them at. So the buyer's total cost per share, when he decides to exercise the warrants will be 5p+ whatever he paid RR. The buyer presumably expects the shares to go up-a lot- so why not buy some shares at the market price which has done nothing but drop since the last RR acquisition?
Also how do you fit into this cunning plan of RR's the fact that he's been accumulating shares by buying on market, again presumably in the expectation of a share price rise?
Not sure what you base your comments on 50chaz, as far as I can recall the only one I've criticised is Bonker but never mind. As for my opinions, those are for, in the main, determining my investment decisions rather than trying to influence others, so I usually keep them to myself. Nonetheless, I felt compelled to air my opinion this morning and people can make of it what they will. It seems it was well received by some at least.
Yes, Casey, Bonker has woven facts into the fabric of his stories, but just to give them some semblance of solidity and all the better for adding credence and substance to them. Either he was/is putting an awful lot of spin on those facts-in 2 different directions- or, as he would now have us believe, he got it horribly wrong first time around. Neither option inspires confidence does it and I know which I go for.
Now that's what I call "changing your tune". I sincerely hope that's the final nail in the coffin of your credibility on here, Bonker. Anyone that can't see through you now definitely needs Specsavers!