Member Info for Overdog

Mine are held in my SIPP

Personally I think our recent pull back has now run it's course. 2 to 3 months to get back to the high of a couple of weeks ago. The share price had gone too high too fast. A more steady rise would be preferable for me.

The clever move would have been to sell out at the top of the spike and buy back in again later but I wasn't clever enough to do that and for me the main risk would be selling out and seeing the share price continuing to soar. I'm here for the long term so am fairly sanguine about the recent fall.

Completely agree. Absolute gibberish from people with nothing better to do.

Pedro has a different trading style to me. He flits around between shares and in this instance has been proved correct. I'm down £50k this week, he isn't. That said, MTL is very much on an upward trajectory. I said on here a few months ago when the shares were 5p that this could be a 10 to 30 bagger and I stand by that. I didn't expect it to treble from there so quickly so a pull back though painful is not concerning. Could do with getting those permits for Dupax just to remove a little uncertainty.

Pedro, my advice to you would be to dump your THX and buy MTL. Don't know much about THX but MTL is just getting going. I'm another one that has been here since a little over 1p and has been averaging up. Could easily see 500% in the next couple of years as long as we don't hit any bumps in the road.

A steady set of results.

Very sad that we have an injured member of staff. Whilst the company should be proud of it's safety record I am always uncomfortable when they keep broadcasting it because it was probably only going to be a matter of time before a mishap happens.

Good profitability which would have been better if we had sold all our gold but that will get sold next quarter and with the incredible gold price at the moment the next set of results should be really good.

Let's not forget that the p.e. ratio of this company is very very low, there is a very clear growth strategy in place (la India), a potential one (Dupax) and a longer term speculative one.

I was hoping for more this time but management are very busy, the company is going through a transformation and everything seems to be on track. We are very profitable and have cash in the bank.

Hold in there guys we are all still going to get rich.

Speaking for myself, I am neither a buyer or a seller. I'm in for 1.5 million shares and that's enough for me.

I want the share price to rise because it looks good on paper and makes me feel happy but I have no intention of selling for many years as long as the company keeps heading in the direction it is going. If the share price falls it makes me feel unpleasant but again, as I'm not selling, it doesn't really matter that much.

I concur. I have said before that this is easily a ten bagger, potentially much more. Now that the life of mine issue has been dealt with the earnings multiple that we are trading on is extremely cheap. Great management, supportive billionaire shareholders and a clear plan to ramp up production on 2 continents. If we get close to Mr Bowden's $500 mil FCF think where the share price will go. He also has the habit of under promising and over delivering. On top of all that the gold price is rocketing.

Gold is up by a thousand dollars and ounce in just over a year. What an absolutely stunning windfall for our company. 80,000 ounces a year generating an extra 80 million dollars a year. We are all so lucky to have found this company to invest in.

I would suggest a 1 billion market cap with that kind of cash flow would be far too low.

That YouTube video is inspiring. I am of the firm belief that we have a ten bagger here. Having watched that it could easily be a twenty or thirty bagger if everything goes to plan.

While ignoring the impact that the booming gold price is having on our cash flow - probably.

You should sell if that's what you think.

I'm HL and there is mine is still showing as CNR.

Me neither. I've sold my million MTL and bought CNR. Going to make 15% next week and get the CVRs for nowt.

Agreed. Any rival offers will have to be at a higher price so CNR would rise and MTL would probably fall so we'd still win. It's a reasonably risk free bet for MTL shareholders this one.

I think so too. My interest is in MTL shares and this is a way off adding to my shareholding at zero cost (a little risk though). This has ten bagger written all over it if they can get some production coming in.

Go to the MTL board and that will tell you where the demand for CNR shares is coming from.

Mine aren't showing up either. I suspect that other people are making the same trade and that is clogging things up a bit hence you are unable to get a quote now. Between the 2 of us alone that's quite a lot of volume for a normal day.

Wanted to make my play before Mr Bowden's presentation tomorrow. I see there's also quite a lively debate going on about the value of the CVRs and I am sure we will be enlightened as to their prospects tomorrow morning.

Sold 850,000 MTL in 4 trades between 5.472p and 5.51p. Bought 165099 CNR in 4 trades between 28.07p and 28.19p