Sampson, if you have been in as long as you say you have, then you had the opportunity to sell around 157p back in 2007. I first bought these around 2004, sold some and bought back, and still holding. It's no good blaming the company for your investment decisions. GLA
I've been in MTL for 3.5 years not sold any, bought a couple of times since, and will be here for a few years yet. I have been investing for decades and as far as these bb's go you get to know who the decent guys are, and treat the rampers and derampers accordingly.
GLA
That's my view as well ppp, I first bought in Oct 2020 and added twice, in May 2021 and Sept 2021 I have an average of 2.07p so am extremely happy but very content to hold and wait for MTL to be a much bigger co. in the future. We seem to have a top class leader in Darren. GLA.
Hi BeReyt, our figures differ somewhat, I took mine from an LGEN press release 13th March 2018, not that it matters. The important point now is how much LGEN get and what they propose to do with the proceeds. GLA.
Cala has been a decent buy for LGEN imo, bought for a total of £605m, their annual results show that for Y/E 2021 profit was £132.7m and for Y/E 2022 profit was £169M I haven't gone back any further. LGEN bought the outstanding 52% of Cala it didn't own in 2017. Assuming profits were made prior to 2021 and a price of around £750m+ can be obtained, then not a bad investment. I agree the timing could be better though.
''IMO nothings changed but the time frame.''
The value of any assets (if there are any) would have decreased significantly with the drop in metal prices. However I'm sure we will find out ''shortly''.
Good luck all long term sufferers.