Member Info for Punter64

DDD I just stated that a tweet costs nothing. The company has regularly used tweets so why not put a tweet out? Furthermore the cost of an RNS is peanuts and that is not an excuse. I know everyone on here likes to think DB can't do any wrong, but like all of us he doesn't get everything right all of the time, lol

A tweet is hardly a waste of time and doesn't cost anything.

We know all that nimshy but what is the harm is providing clarification. Instead people have to resort to emailing the company. They are happy to put info out via tweet, so why not do that? The sp has been languishing for weeks while other gold stocks have shot up with the gold price. As a producer MTL should be going up too with the record high gold price! Poor communication IMO.

There are certainly NO strict requirements preventing an RNS or tweet. Management clearly can't be bothered to clarify the situation, so there is still some doubt remaining and that is being reflected in the sp.

Diss poor that PI's have to email the company to find out if the Runruno plant is back up and running (as I did last week). On a day when gold hits new highs and most other gold stocks are flying, we drop a little. The main reason is the fact that there has been no RNS confirming the plant is working and hence many people think it isn't. What is the issue with putting out an RNS or failing that a tweet so that people know for certain what is going on? Get a grip guys!

Gold now $3714. Wow. Next stop $3800?!

Agreed. Drilling started weeks ago. The results can be processed at the Runruno lab so they must be imminent now.

Gold is up around $300 since the shut down so that will compensate for quite a bit of delayed production during the quarter.

Yep, and with the mine now back up and running and results due anytime from Dupax, this one looks primed for a strong move up.

I've had a response to my email which suggests all is well at Runruno. 'Many thanks for your email. With regards to your enquiry, a further update would have only been required if the company’s stated expectations around remediating the cyanide issue turned out not to be correct.' So, yeah as some on here have been saying that is indeed the case. I am happy enough with that so have bought 2 x 150k shares (cue an RNS stating its f****d again, lol).

The issue I had was that the word 'estimate' was used in the RNS which is hardly a confident assertion of timelines. I have made the point that a tweet confirmation operations are back to normal might be useful to put some people's minds to rest. Anyway, good news IMO.

Will do JB if a response isn't forthcoming.

I have sent another email to MTL and will let you know if I get a response.

Do any LTH's have email contact with the company (I don't get a response)? If you can you find out whether the mine has restarted and post the reply here? I am waiting to buy a further 300k shares in MTL but currently holding off until the situation is clarified. I find the lack of an update p*ss poor.

Gold not hold!

Well it is troubling to me that we still haven't been updated. I very much hope I am wrong but I suspect that the cyanide issue hasn't been resolved. It would have to happen just when hold has hit new highs. Extremely frustrating. Having said two weeks DB should provide an update.

Seemed clear to me that production ceased six weeks ago and until Darren tells us it is back up and running then I can only assume it still isn't producing gold. The RNS dated 28th August said all should be normal within two weeks (11th September), so we are five days past that, hence I have been expecting an RNS confirming that production has recommenced

Come on Darren, let us know what is going on please.

Yeah, maybe. DB should provide an update rather than leaving the question hanging. It was supposed to be sorted by last Wednesday/Thursday wasn't it?

Thought we would have had an update by now on whether the mine is back up and running?

Good to see that, thanks.