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I completely agree. Either mm’s are trying to keep a lid on it or there’s a seller. Could well be clearing the lasts of the Ruffer shares.

2.5p should have been a thing of the past. But I do think we head closer to 3p at some point today. Still way undervalued with news due tomorrow.
Perfect storm.

I think we’ll see 5p pretty quickly. Maybe even this week. I was watching L2 most of the day and buys were relentless for most of it. Ruffer must’ve still been selling. They went below 5% in January 2019. As they are a channel island company they don’t need to declare anything below 5% so it’ll be just guess work and price action to tell whether they are out. Saying that, another 100m+ share trades tomorrow should probably clear it. MTL seems to have gained quite a bit of attention this evening so hoping for a nice blue day.

https://www.google.co.uk/amp/s/www.thisismoney.co.uk/money/markets/article-8880267/amp/Metals-Exploration-climbs-200-stock-market-relisting.html

Good article
Good read

When you see some miners/explorers valued at £50-£100m who are years away from extracting anything, it makes you realise how undervalued MTL are. $50m in revenue in H1 2020. The Mcap is currently less than 6 months revenue. Debt now restructured. Production increasing each quarter, even during the Covid pandemic. Interims due on Wednesday which should hopefully include some more positive numbers.

£100m = 5p for starters.
£200m = 10p not out of the question short term.

This should hopefully keep rising all week to true value.

It’s coming. Watch this space

Book turned big time. 2p will be taken out again in a minute. Big afternoon rally coming up.

Mm’s have been brutal this afternoon. Dropping price on lots of buys. Very frustrating indeed.

No spread at all. Buy 1.995p v 1.995p Sell.
Hoping to see a bounce any minute.

First post, been watching and reading all day today and yesterday though.
Canada are now at 32cad which is 19p. Canada now have a Mcap of $51m which is £30m. So we still have quite a bit of catching up with them. I think tomorrow will be another good day.