Member Info for leehardcastle

Assumptions that make no sense, a large seller would be offered a lower price, like 1.4p, and the buy price would be dropped to fill it, 1.5498p is full ask and shows confidence, the facts are we know the major shareholders are buying the banks debts, we are simply waiting for the transaction to take place, when the agreed funds are transferred to the banks and the ink is dry on the deal, we will get to know the terms, of which will be advantageous to the major shareholders, and as such, other investors, the Q4 results will hopefully show continued improvements upon Q3, we will know in a matters of hours or days.

News tomorrow would be nice, just be good to see the deal struck with the banks and major shareholders, what ever it is, DB sounds confident that it allows him to move on and concentrate on production, so I’m confident it’s a sensible deal for all, with gold running at current levels 2020 will be transformational.

I must say, when we was in the dark at 1.3p, not knowing which direction the finance was going, I could understand the silly low valuation, but the last RNS has put us into the light, and yet only a 10% increase at today’s price baffles me, I would happily pay 100% more if I had the funds, I’m now buying what I can afford month by month, so it’s a relief we are still not flying, as I will keep topping up on the cheap, looks like we need the ink dry on the deal before we see an increase that reflects our position, Q4 results any day now, solid results DB please, we know we are in safe hands.

Just 75000 today, will continue to collect once a month up to 3p then just hold and wait for 5p before slicing a few, not many as I see a very bright future unfolding, AAZ mk11

Took a few more, absolute bargain

I’m surprised how few private investors own such a large chunk of free float shares, very interesting to see what people will have to pay in the future to get a slice of this company, DB has plans to take the company well beyond this current mine, this mine is the one that will put us in a debt free position down the road, and should generate enough revenues once debt free to completely fund new projects, with another 85% of the land bank to go at, the mind boggles to what the share price can reach with in the next 5 years.

3.4 million

Hi Roy, the joke is that the share price is still 1.5p, 20 months back when we where losing $millions every quarter, gold was 25% cheaper and the old CEO didn’t have the answers to make a profit, the share price was 3.5p, I think a re-rate is completely justified and with the endless good news over the last 12 months, to name a few high spots, gold value up from $1200 to $1550 per ounce, production up from 12k ounces to 19k ounces, new proven successful CEO and management, hired BIOX experts, cash positive quarters even with millions spent on CAPEX servicing and improvements, default threat with banks evaporated, extended investment from our major shareholders imminent, new broker, etc etc. why are we still 1.5p? upside is huge, downsides, I really can’t see any as I print this. GLA

Still a few taking profits at 1.5p plus, but someone is soaking them up in the back ground, ask your selves, am I selling myself short, I think you know the answer, 3 pieces of news to come in the next weeks, Q4 results, New Lenders bank buy out completion, new consolidated finance terms and costs. The background buyer will keep taking your cheap stock, don’t let him boys and girls, 2 to 3p in the next month when the ink dries on the new finance and Q4 results show continued improvement. Watch this space

The crazy 20% Mezzanine debt was set that high because it was seen a very short term debt, a little like a credit card debt, the majority shareholders stumped up the bank re-payments that MTL couldn’t make as the previous management were so slow to ramp up the mine production, the previous CEO assured the majority share holders he would get up to speed and the debt would be short term, it was a desperate measure to prevent a default on the banks debts, it never ended up being the predicted short term loan, and it’s taken a new CEO (Darren Bowden) to get us up to speed with production, and being capable of financing our debt, I think the whole consolidated debt will get refinanced at a similar rate to the outgoing banks, about 7%, which would be around $2 million interest per quarter at the beginning, shrinking as the debt reduces, averaging $1 million a quarter over the whole repayment period, giving us a sustainable business, we will find out soon enough, exciting as hell.

Exactly my thoughts, selling before was a question of will we get refinanced or will we go under, selling now makes absolutely no sense, the “going under“ option has clearly disappeared, the banks had no interest in our success, we was a debt on a book, the “New Lenders” are the existing majority share holders with a huge interest in the company, and about to take the banks chunk into their holdings, they will own about 3/4 of the company outright, which demonstrates the belief we have a monetary advantageous business, and those Private investors holding a little slice of their own should hold them tight at the very least, this is the start.

Sorry, my mistake, that was CV7blue with the takeover theory

The existing banks will be gone, result, well done to all the LTHs for having shared my belief that this project was too good to let the banks break it up, this news shows DB can do what he was hired to do, make MTL a successful company, the fine print of the deal will be exciting to see, and when released the wider media will see huge value going forward, this is the time to be buying, not selling, this is the window of opportunity before the masses get onboard, if Volmer is right about a takeover, then a share offer of will be multiples of today’s share price, that would be a difficult decision even then, because what ever the offer, it would be based on being beneficial to the new enterprise, to you would selling out short of expected potential, exciting times ahead, hold or buy.

You could say Q4 is still ongoing till we get the results, so getting the refinance news at, or around the same time as the Q4 results would be keeping his word, results are due in the next 2 weeks if he keeps to schedule, which he’s proven to do in the past.

Steady away boys, the large buyer is mopping up everything that comes available, offering 1.34p at the end to fill his 2.5 million at 1.35p, I’m getting the feeling he/she/they know more than we do, serious amounts of cash being placed here, gives me a warm feeling that the expected news is about to come finally, Q1 results? I’m plugging a record 20k ounces and our best ever surplus cash quarter, reckon these will come before the refinance news, by a day or two, those who sell on Q1 news will get a shock this time, caught with their pants around the ankles.

I think Clinton’s will fold this year, which will leave Card Factory to monopolise, super market cards are much more expensive, So I don’t see them taking sales from those seeking value, Card Factory have a lot of room to raise prices, they are in opinion too cheap, £1 for a decent size card is crazy, £1.19 wouldn’t change my purchase decision, but there margins would be vastly improved, I hope they continue to expand into other supermarkets, especially in other parts of Europe, if the stockpiling of cards is correct, then they have lower manufacturing costs going forward, the drop last week will allow cheap top ups, I believe we have a very solid business with fantastic opportunities to capitalise in the coming years, good long term bet with great dividend returns, even without special dividends.

Anyone know what the 1 share trade means?

Hi Roy, makes sense, I think you guys are correct, I’m just waiting for the other half of all these large buys recently, at some point they have to show the seller and his price received.

Those who purchased from day one and held have done OK, the dividends have more than covered the share price fall if reinvested, everything has a bottom, think we may have seen it in the last few days, we will know soon enough

I think they are the big seller, Ruffer, part of the sell order that’s been filled over the last few days, but some party is snapping them up