One last thing, to all MTL investorsbefore the comments come flying in, this is a little CNR catch up, I personally won't clog the board up going forward when MTL posts are the main topics.
I was in regular contact with MC and moaned that regular PIs never got the chance.
Said I'd put up £50k, several raises letter got a non disclosure document to sign. Guess I'd built up enough trust since 2009, over email correspondence various meetings at presentations and lunches.
Never understood this even when co owning businesses.
We paid everyone on 7 days to get maximum discount allowed customers 60 days and reported a monthly pre tax profit. Accounts wasn't my domain, getting profitable work in and getting it out the door as efficient as possible was.
The old saying turnover is vanity profit is sanity was the motto, along with cash is king. I realise a profitable company can go bust through a lack of cash flow, but it would be nice to know the actual profit figure.
Q2 2025 record positive pre-tax free cash flow of US$47.2 million (Q1 2025: US$23.5 million).
Strange wording imo, is this an increase in the cash flow i.e. (47.2m-23.5m) 23.7m profit or cash flow onto to the bottom line, if the later why not say pre tax profit.
Regardless of the answer a cracking set of results.