Member Info for leehardcastle

1.5 million again, getting ready for the news

He wants this enough to make sure he gets it, 10p is cheap but double figures would be enough for support, he’s very astute, what did he pay for his 30%? 10p will be a steel for him

Think I’m waiting for his official offer, it’s coming, no doubt, it won’t be 2p or 3p that’s for certain, patience will reward here, shorters are going to burn

That’s exactky why I bought today, Taylor Wimpy hit 4p a share and I didn’t buy, you wonder why the herd are getting out and you feel crazy getting in, but my instincts were correct that they would survive, and they did, Debs will play out the same way, MA will get his way, he had the cash and the incentive to save his current investment, out with the old management, has been, in the with the new, it’s not like he hasn’t got a golden touch, safe hands, exciting weeks to come

Nearly £180k in 2 trades, now thats confident, very promising.

$1321 per ounce, certainly helping our margins, last year we were under $1200, doesn’t sound much but $120 dollars extra equates to $12 million dollars exrtra profit per annum at MTLs nameplate design of 100k ounces per annum.

Got your 7 million? 313000 looks like it?

I’m truely amazed at some of the holdings here, long term holders and new blood, confidence is running high that were going to come good with patience, it’s such an opportunity for any one new coming in at these recent prices, I just don’t think we are on new investors radar, except for those who subscribe to Share Phrophets, I suppose we will get more exposure with significant news and a raising in our share price, not long I feel before we get re-rate to a price that reflects the business, I’ve bought and held companies with market caps 10 times ours with just prospects, production years away, most never make it past the hype, but MTL is so advanced, in case any new is looking in, have a look at the company website, it’s very impressive. GLA

With Nutrico and Jim Nominees holding 7%, PIs had 2% and Ruffer had 11%, then I assume when Ruffer have sold out, PIs will have 13% (260 million shares) that’s amazing, you could say if the average holder now had 1 million, then that’s only 260 investors, amazing

Roy, 7 million sounds sweet, PJ over at ADVFN has over 12 million now, I’m at 3.2 million, what’s Adam have? last time he mentioned he had 6 million, serious holdings, PJ and I are discussing a takeover or buyout, my take is we will have a plan B, the Candy brothers offered 13p a share many years back as they figured MTL would struggle to finance the mine build costs, their offer was rejected, and MTL secured finance with our current banks, so IF the banks were crazy enough to not refinance, which I really can’t see, but let’s say they don’t offer sensible terms, then it makes sense that the major shareholders would pay off the banks, why wouldn’t they? the company can’t change hands, but the current parties can own it outright, would current shareholders have to stump up a portion of the debt? as it’s all our debt, PIs, investment banks and major shareholders, would the banks take a hair cut? say they would take 50p in the pound, either that or they risk losing nearly all of their loan, they can’t sell a mine that they can’t get a new licence deal for, if the banks took $32 million, that’s 1.6p per share, would we have to stump up 1.6p per share to remove the banks from the equation? I’m only guessing here as I haven’t experience in this, if shareholders couldn’t raise 1.6p per share, what are their options? Thoughts anyone? I doubt these thoughts will ever happen, I’m confident they will be monitoring gold production as we speak, to gauge repayments that suit the business income and ensure they get all their money with fair interest.
Seriously exciting weeks to come, I’m super confident we’re going to transform in this next month, solid production results and agreed refinance terms, have a great weekend everyone

Investec Wealth (not Invested Wealth) bloody auto spell

The investment numbers in terms of cash for each of these parties is harder to value, but I imagine every party is at least 95% down on their investment, but that’s at 0.5p, reckon they need to get the shareprice back to 10p to break even, will they do it? You bet they will, they haven’t invested to lose money, hook or by crook they will make this work and multi-bag their investments, 1$ Billion of gold proven resources and another estimated $1 Billion to prove up, $2 billion of gold is $1 billion after costs at $1300 per ounce, with 18 year mine life, that’s at least 400% profit on their investment, they simply won’t let that go up in smoke, just a few hurdles to sort (refinancing, production up to speed, new Nomad) and its on with making gold, as I have always said, it’s too mature and supported to fail, it won’t fail.

The banks HSBC and BNP Paribas don’t hold any shares, but we owe them the senior loan amount

MTL Luxembourg and Runruno holdings 66%
Baker Steel 8%
Invested Wealth and Investment Ltd 6%
Ruffer when finished selling 0%
Small investors (including our selves when Ruffer stop selling) 20%

I think those in the knowledge of MTLs existence are topped up with shares already, mostly from sale of the century (Ruffer offloading), some will wait for an even lower top up opportunity, but time is running out, one sniff of positive news on the senior loan and improved production and we will explode, even red tape news like confirmation of a new NOMAD will see us back up for a taster, those uncertainties cleared up and the touch paper will well and truest be lit, we was at 3p in the middle of last year, with less gold produced than Dec 2018 results, that’s 6 fold from today’s price, bargain, remember Sharephrophets recent phrases on MTL, a “Rolls Royce operation” and “Catch a falling star and put them in their pocket”

For those letting go below 0.5p, think hard, A massive investment of around $250 million so far, with $1 billion proven gold in the ground with much much more to JORC up, 65% ownership of the company’s shares are with billionaire investors, mine running at 65% or more of nameplate design and ready to reach 100% with our top rated new management, location in a peaceful part of the world, 670 low cost employees, with total debts of only $100 million, I say only as the other $150 million of the $250 million investment is debt free, paid up.
If you believe we are at the end of this journey, sell up, if you believe we are at the beginning of the profitable part, keep buying, as $10 million market cap is laughable. Place your bets, 20:1 on offer at the moment, crazy times.

Another 2 million of Ruffers gone, can’t have many left, surely?

Good to hear your thoughts, make a lot of sense, so much news to come this next few weeks, I think we’re in for one hell of a ride, because this shareprice is a shambles and no way reflects the work already done, seriously exciting times ahead, hold tight.

A little look this morning revealed there are 20 NOMAD firms available who’s expertise include mining, so we have plenty of choice, I wonder if the fees charged from Cannacord may have been higher than DB was happy with? Or the advice on refinance not to his satisfaction, its either MTL were unhappy with Cannacords advice/costs/performance and we seeked a new NOMAD, or Cannacord have thrown their toys out of the pram because of the way we are testing the senior banks metal, they may have advised we raised the equity by releasing billions of shares to appease the banks, denying that request may be against Cannacords advice, hence the divorce, we may never know, I think a new Nomad will be anounced before the end of the month.

I’m not sure it was bad news, Canaccord are supposed to look after investors interests and create a market, keep us informed, well what happened over the last 2 years, we’ve been in the dark 99% of the time, the old management fiddling the efficiency numbers, I’m sure there may be more to this than we know, and MTL may have accused them of it, so good riddens, this has been happening for weeks if we are in advanced discussions.