Member Info for TheNavigator

Prciey2019 - You left out 3 zeros, My calculator says £25,60,000 * 80% =£20,480,000

GLA

Any thoughts on voting?

GLA

Any thoughts on voting?

GLA

Any voting thoughts?

GLA

You've made some good point there Lee and I have taken them on board-- Thank you!

GamblingAnalyst...Your take offers a plausible explanation as to why the Directors are not currently putting their own skin in the game...Thank you!

The two key investors have already milked the company handsomely by taking all the bank debt at a 60% discount and are now busy collecting interest on the full original debt, never mind the mezzanine debt interest figures..so no great worry on their part about shareholder value in terms of SP. Looks like the private investors are currently left out in the cold!

As for the POG , I feel the the technical chart perspective is implying least test of the Mar 21 low ~$1673. Could it go lower who knows!! However, my overriding opinion is that we are in a secular bull market for GOLD, with much higher prices of $2500+ in the coming years, and the reason I'm still here.

The above are just my opinions and of course do your own research before taking any action.

GLA

The why have we not seen any director buys?
Why are they not putting some skin in the game?
Do they know something that we don't?

GLA

Pete and his cronies should go...Is it not time the big shareholders (ii) smelled the coffee!
What is required is a new leaner management to get the ball rolling!
Totally cheesed of with this waffler!!!

If so many feel that Fowler clan are not good for the business, is it not time to form a share action group and ask for a change of CEO etc. ?

I for one would be happy to join and convey the right message to BOD rather then die by a thousand cuts!

CarefreeCarry - Fair comments ..Lol!

It's always one law for the rulers and another for the general population...Animal farm comes to mind!
However, best to keep on our toes now that there has been a regime change, lets hope that sins of the father do not re-visit!

GLA

CarefreeCarry - It is does not reflect well on to distort my text so blatantly.
At no point did I imply nor insult the Philippine nation, I feel the opposite, I have Filipino friends and love their gentle & caring mentally and feel very sorry for what has happened to them in the past!

Even a moderate reading into the sins of Marcos Sr., will reveal how billions were looted from the people, the countless individuals that went missing never to be seen again and the list of violations goes on and on. One can be forgiven for calling such individuals "despots"!

How democratic was the election? Highly debatable in my opinion, given the vast amount of money that went into engineering the outcome. Money can move mountains and the Marcos family certainly have access to plenty, not to mention any Geo-political influences that may have favoured the result !

If an internationally respected and law abiding nation such as the UK can consider tearing up international agreements, then surely it is not stretching the imagination too far to see for other countries to do also.

GLA LTH

CarefreeCarry - That is good news provided some despot does not tear up the contracts or place new indirect financial tariffs to the mining operators!

But something that continues to perplex me is, why has the CEO and other BOD have not put any skin in the game by buying significant shares in MTL. Surely they must see the potential ahead ....Why not I keep wondering!!

GLA

@ Carefree
I'm a long-term holder with the desire to continue to hold long-term in order to reap dividends benefits ...very much along the lines Lee has expressed in the past!

Simply interested in gaining further insight as to how the new political landscape might affect the LT prospects of MTL and other foreign miners in the Philippines.

GLA

I agree with Lee and others that CEO and crew are steering a great path towards debt clearance and th future looks bright for with the patience and stamina to stay for the long-term!

With Marcos Jr. having been proclaimed as the next president of the Philippines, has the political grounded shifted in an unfavorable way for foreign mine operators like MTL or quite the reverse?

GLA LTH

I totally agree Sharehunter....

I am on a whats group where the person setting up the group is now having a Barrister look in to it!

We really need an individual/s with a significant interest and corporate compliance knowledge to be able appoint legal representation for a class action against the BOD...anyone out there?

GLA

Are they the smart money...should we be following their lead?

It is legalised robbery leaving out the interest of shareholders who only recently paid £30 Million to do store conversions!
All private shareholders should rally together via an action group to challenge this outright exploitation of private shareholders!!!

I had £114K invested .. would be very grateful to join an action group!

Mr S,
Mr Speculator

Excellent post very balanced and carefully thought out!
As you say good luck to all that sail on this boat.

Navigator

Typo...first "no"....should read "know".