Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Global Markets getting hammered at the moment - Gold flying
So 4 trades 330k bought 150K sold and it's down 3% - going to be one of those days
yep they do, it was in response to Naim's post
MTL (Luxembourg) SARL 969,591,720 46.8%
Runruno Holdings Ltd. 393,553,571 19.0%
Last time i looked Edwards (Runruno Holdings) had around 19% ????
i've taken another 350k today
From yesterday's Baker Steels Resource Trust monthly NAV statement
Metals Exploration PLC ("Metals Ex")
On 19 February 2020 Metals Exploration announced it had produced 18,941 ounces of gold in the 4th quarter 2019, its best quarterly production since the commencement of its Runruno gold mine in the Philippines, as a result of maintaining the gold recoveries in excess of 70% achieved in the previous quarter.
This together with the increased gold price resulted in positive operating cashflow of US$5.5 million during the quarter and US$0.8 million cashflow after capital costs. This turnaround in operations is positive albeit the mine is yet to reach its original target of 25,000 ounces gold per annum. Key to the future of Metals Ex will be how well it is able to negotiate the restructuring of its US$125.8 million mezzanine and senior debt with its two major shareholders following their acquisition of the senior debt from the banks in January 2020.
Metals Ex represented 1.6% of NAV at 28 February 2020.
How do you know they aren't done, sells were pretty quick this morning every 5,10, 15 minutes looks like seller wasn't bothered about price or would have staggered over a couple of weeks, not been a sell since 11.17 since.
Debt free now and throwing off cash, should be moving in the opposite direction - charts not looking good.
Makes no sense unless there is something going on in the background
Everything is getting marked down on low volume in this market - it's like the January sales all over again
i noticed too 4.3million today 1.75 yesterday
Carefree could you point me in the direction where they have stated they want to take the company off AIM anytime recently?, they made an offer 10 years ago but it was a completely different enterprise back then and they had only just started to raise for the construction AISC in PFS was around $600.
If Candy and Edwards wanted so much to take it private they could have easily at any point over the past few years.
It hasn't yet he will stay on until a suitable replacement is found - need to get someone in with recruitment industry experience.
i think they would need to make a bid for the company over a certain amount haven't got time to read through the takeover code at the moment although there are plenty of debt for equity options involving warrants etc.
Think you may have picked the wrong day to transfer some Roy - I hope
Q4 figures last year were on the 30th January so any time now probably
I still think that the negotiations were concluded some time ago - the incorporation of MTL Guernesy on the 1st Nov means that they must have known some time prior to this date of the outcome/final agreement.
It could be an ii selling to another ii, could be mtl sarl selling to mtl luxembourg ltd could be to crystalize a loss for tax purposes with FY end coming up from one company to another, could be someone upping their stake, could be a new investor buying from existing holder Ruffer or suchlike, until we get a TR1 or if we ever do it's all just finger in the sky stuff.
An open
i know it's doubtful but if bowden has been playing it down the past two quarters deliberately to push the banks more into doing a deal with the major shareholders.
Interesting that MTL guernsey ltd was incorporated on the 1st Nov 19
Well i was getting 0.0158 to sell and 0.15799 to buy on £1K with ii - which was odd
Now it's 0.158 to sell 0.1594 to buy, the spread is actually about 0.8%
Bet HRNET are really happy, time for a takeover and get some of their management in, complete and utter shambles for the past two years
6.3m Roy