Member Info for shamI89

However some people are waiting on sidelines ,looking to take position once debt restructuring is sorted as word "default" has scared many people.

I would go for an RNS on Friday, company words were before 31 December in last RNS, 24 is half day.4 trading days left.

By the way these two major shareholders charged company 20% for 2 million loan which company needed to repay in 2 months

something is going on behind closed doors, mtl sarl represents Candy brothers and they owned 47% last time I checked and I dont know what percentage other lender owns.Mezzanie style debt facility sounds interesting as that would mean in case of default they would be among major lenders banks to get assets.If share prophet is right then company has spent about 200 million on plant now.It is producing 45 to 48k ounces of gold per year.Capacity is 96k.Went through company reports and feasibility reports and this was supposed to cost company 45 million per year which works out to be 460/470 dollars per ounce.Assuming that all in all cost has gone up, we assume that it cost them 700/800 per ounce.Candy brothers are up to something, they know company is struggling and needs money so would try to get a mezzanie style debt facility or could force company into issuing some new shares for debt and that would increase their holding.Ball is in major lenders court, company can get its restructuring sorted by 31 December or it has to give in to major shareholder's demands.

Did not mention your name but if shoe fits then!!!!

However I am happy that few people who were really active have sold and now cant get back in, unless sp goes down.

I said it when I was apoarently "deramping" it that shareholder have been really supportive in the past , reason being dead simple, if company defaults they would be second in line after banks and not ideal situation when you have a lot of money at stake.It is 35 million that I am worried about

This has been really illiquid share right from the start and sometime there would be no trade for days if not weeks.We saw huge volume because it was being traded.Now give it until end of December and we would see really big price jump depending on outcome.It can quickly go down as well as go up.

Situation is alarming so we would see some big sells today.However Final deadline is 31 December.

Hahaha, one week you were talking about share price hitting 1p and very next week you expected share price to hit 0.12p.Shows how shameless you are.

Not really you are bitter because I have exposed you.

hahaha I am loving your reaction, when would you want to start deramping mtl.

Hahaha, I am 100% sure that you and RIP have sold here.

Nobody wants to hear the bitter truth.By the way your posts are still there.

Hahaha, I do think that you have sold and good luck with your future investments.Feel free to deramp mtl like you tried to deramp flyb after selling it for a profit.

Good to see you here, you stopped posting so I thought you have moved on like you usually do.

Where are riskisprofit and such as I have not seen their ramps today have they sold and moved on ?

Current buy price is 0.649 as I have added some more at this price.

could be people bailing out or taking profir from 0.4 positions.

to sell now and 0.63 to buy.