Member Info for thefierce1

On the front foot, talking numbers etc and hasn’t our investment in them gone from 20-37/38 ??? So they are buying assets, committing to income, doing a cash raise and almost doubled.
And MTR are where in that same period of time.

I agree with your comments and in particular the last one. “Investors should always look at assets” and of course levels of debt.
My whole slant with a reserved board but a good BOD is it wouldn’t hurt to tell people we actually have assets, current NAV etc. It wouldn’t hurt anyone to tell everybody that, for example, with our latest published investment, our current NAV is this. It’s marketing and one would assume they actually want to market the company; or as Q and Hydro have alluded to, isn’t this why are we doing ASX ?
We’ve done share consolidation, share buy back, spent millions on asset purchases and where are we ? Well, unless I’m mistaken about 16.25% worse off then we were not that long ago.

Hi Q
I’ve invested like I imagine a few others some very hard earned cash into what I think looks a winner.
I have no reason to knock what is their modus operandi but it’s a simple equation to me, which others simply dismiss. If we are making millions from trading, which judging by the last few months alone is a requirement for our commitments, then fair play. But I don’t think it’s the case at all; i totally agree with you on trading and warrants. But they are all a considerable time away a so just a write up.
If you read the RNS”s and heaven forbid actually read the last 100 posts here, I don’t think you would invest here and out BOD don’t encourage you either.

And if you look at our investments which we do or don’t keep a hold on, a la GGP being one of them, where do you think we are matey. Because if you do the maths, our SP would not be where it is for any reason. If you think we are making millions buying and selling here and there, I think that is a wrong assumption.

Blimey Taylot your in one today; I asked “Anyone think a fund raise imminent”.... and your now telling me the BOD have told you there isn’t a need. I’m amazed the BOD of MTR have told you that and not decided to mention it to the rest of us mere shareholders. It’s maths matey, simple maths.

Good morning and appreciate your post. As you have clearly stated, dividend cover from SFR is making payments. We also pay commitment fees regularly because the loan agreement is below $20M. But if the loan facility rises significantly, dividend cover won’t be enough to pay for it.
I’m not knocking MTR and merely pointing out a simple point as I have a reasonable holding.
Recently we have made some large cash commitments to SAU,KML,CBE and two more in the last month alone.
We have no income stated as the divis are paying about half our current commitments. We have a full time team buying and selling and are amassing some good looking assets. Our SP is totally abysmal and falling yet out NAV is rising and should be recognised.
I totally agree with you that MTR is almost a closed shop in regards to share movements and the total silence from the BOD in respect of anything is irritating to me personally.
I am not red flagging anything; I’m just stating my opinion that you can’t spend £1,2 or 3 million quid in a short space of time if you don’t have the money, income or profit.
The last purchase is money down now and monthly
Payments; any one like to give a balanced answer for that reason?

Our current facilities

Morning Keeffyyy
Not animated just a little irritated with a comment that says “We don’t need to raise any cash”. If you actually look at the overall picture for the last 5 months in particular, you can add up the purchases then deduct the sales and be left with a balance; it isn’t a difficult procedure.
So ALL I said was working on that very simple equation which isnt new to most of us, there may well need to be a raise.
And instead I’ve had some posters here tell me that we don’t in no uncertain terms and even worse, then telling me my maths isn’t up to scratch!
Now that’s what gets me going pal.

It’s f—king disappeared

My observation was “Who thinks we need to raise cash”. I’ve got one person telling me “I don’t understand the collar” well forgive me for giving an answer but if you check back on the RNS”s, you will see approximately half has been loaned against and it clearly states, OBVIOUSLY as it should, “ Dividends received $500,000 approx and $250,000 payed back on the collar. So please don’t tell me I don’t understand a loan/borrowing !!
Secondly Hydrogen has said “We don’t need a raise” and then says “We will need a small raise for ASX” !!!!!
Sometimes it’s just amazing here that as I probably hold a few more shares than some of you, you choose to fire off with sentences saying “We DONT need a raise” when we clearly do !!
I was merely pointing out we have bought some much larger assets and the money isn’t there; it’s not rocket science. It’s in the poxy RNS.

Unfortunately no had another day of backbreaking graft and it just seems that we have bought into a couple of million quids/dollars worth in quick order and of course we can’t mortgage all of the shares as we don’t have the income to pay it down. Another note of interest purely for me was the last deal paying monthly instalments; I’ve been in business a little while and read into that what you will but tells me that cash flow isn’t strong; if it was, you wouldn’t pay monthly. And why a whopping 5.8% decline today ? After all, I’ve just said why I think there is a fund raise that’s imminent and yet instead of increasing our SP is decreasing.
We have increased our NAV sharply have we not ???

Funding round is imminent ??

Robbie you are spot on. Gold and particularly copper I think are the main plays.

People are chucking 10,20 or even 30 grand @ Bitcoin etc are they mad !! As soon as it goes up it will come crashing down. It didn’t matter if 1,000,000 people own Bitcoin including Musky, the banks and governments own 7.5,000,000,000+ people and that ain’t going to let that be happening anytime now.
Dangerous game to be in.

A tad rather than these maniacs buying into Bitcoin @$62,000 thinking it’s up diddly up because as sure as eggs iz eggs, it’s all going to come down quicker than a vindaloo after 21 pints.

I think what’s interesting is the sustained buying and our SP staying static..

Morning Tigers
Nice to see some substantial buys and the SP sitting tight. Just had a scan around and see some of our holdings starting to rise in value (finally).
I think the CU position is going to tighten sharply within 3-6 months and that sits nicely within our news range which let’s be honest should be an absolute bluddy avalanche, across all our holdings.
I expect CBE to rapidly appreciate in value even before we start in Kalahari; they have a sweet deal, as do we, so I would imagine that the pi— poor current valuation will be left behind.
Up diddly up Tigers....

Didn’t see your 888,888 @11am or am I missing something ?

I think you are the winner !!!

RNS tomorrow am

Well played Keeffyyyyy; I thought we were absolutely abysmal. Jorghinio was terrible all game and as for Silva, well.
It’s only footy so we match on v Porto and hopefully be a little bit better