Member Info for Punter64

Accipiter, definitely some small holders banking profits but there is a consistent 100k, 150k seller and there has been for weeks now. If it is Mellon this share will shoot up once he finally sells out.

Accomp, I wonder how they no that because nothing has been reported to the market?

Not according to Chat GPT, frenchie. It says, 'Below 3%: Only crossing new whole percent thresholds (e.g 2%, 1%) must be reported'.

No, you have to report every 1% drop after to reach 3%.

I still reckon Mellon is the big seller who keeps selling into any rise. After reporting that his holding had reduced to 2.99% on 25th June he still held 87 million shares. He is required to report only if his holding falls to 2%, so he will have to offload 29 million shares before reporting to the market. He owned 216 million mtl shares after the Condor sale so we know he has sold 129 million before hitting the 3% threshold, so no reason to believe he isn't intent on selling the lot.

We are due to hear by the end of the week.

7 million worth of big buys just shown up, including one from this morning at 15p! Someone is very keen to grab these shares.

Amazing to think that gold is up 25% in the last six months. If that rise is repeated in the next six months we will be looking at $4500.

'Lab'

Once they get the lad set up (following its delivery to site) we will start to get a series of RNS's from the La India drill programme which started in April. So, there must be a big backlog of drill cores waiting to be analysed. Results from Dupax will also start coming in the near future.

14.1/13.8 so far this morning. Good start. Just need news that Runrunno is up and running later this week and we should be heading back towards 20p in the near future if the gold rally continues. fingers crossed.

Spot on Noel.

Great to learn that the mill is now on site at La India. Everything is progressing well and hopefully first production will happen ahead of schedule.

There she blows - gold now $3603!

Should be an update on Runruno this week. Hopefully confirmation that it is back up and running. Meanwhile gold sitting just below $3600!

You might have a bit more sympathy if you hadn't concluded several of your posts today by calling everyone on here 'to55ers', lol

Just spiked $30

DB has said on the record that there will be no dilution. MTL is debt free and should a need arise for funding then DB has said that MTL will simply take out a short term loan. As long as the mine is up and running next week as forecast I don't see any funding issues at all.

BP, The plan is to fund Dupax and Abra out of La India production. Also DB has mentioned bringing in a major player to JV the Abra project because it is so big.

Seems to me that someone is still selling a large holding and has been for a while. My money is on Jim Mellon disposing of the remaining 3%.