Member Info for troutisout

You can't stop mentioning me in your posts and yet when I retort and ask you a difficult question, you cry and get it deleted......

Your recent posts make you look rather silly, as you said you sold recently why didn't you take heed of all the posts from the Summer, that you are now littering the BB with?

All the usual stuff, adopt accounts, re-appoint the auditors and permissions to allot new shares and disapplying Pre-emption rights. Basically the bare bones of every Company's AGM.

1 AN ORDINARY RESOLUTION TO RECEIVE AND ADOPT THE STATEMENT OF ACCOUNTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2018 TOGETHER WITH THE REPORTS OF THE DIRECTORS AND THE AUDITORS THEREON

2 AN ORDINARY RESOLUTION TO RE-APPOINT JAMES COWPER KRESTON AS AUDITORS TO ACT AS SUCH UNTIL THE CONCLUSION OF THE NEXT ANNUAL GENERAL MEETING OF THE COMPANY AND TO AUTHORISE THE DIRECTORS OF THE COMPANY TO FIX THEIR REMUNERATION

3 AN ORDINARY RESOLUTION TO AUTHORISE THE DIRECTORS OF THE COMPANY TO ALLOT NEW SHARES IN THE CAPITAL OF THE COMPANY

4 A SPECIAL RESOLUTION TO DISAPPLY PRE-EMPTION RIGHTS

What like you, you mean?

You haven't said an objective thing since you sold up....

Grinchills2004,

Why don't you worry about something else for a while, the rest of us are enjoying the Festive period....

Our CEO's dance card says,

Leigh Creek.
Leigh Creek.
Leigh Creek.

So why is everyone else just mentioning it once......LOL!

Spurs, HVO SP spiked to £1 in July and even in August sat at 70p, what is it now?

£1 down to 70p and now 30p.

I am sure your money would have been better in MRS where in July we were about 6.75p and now at 4.4p.

It's been a bear market for a while in most smaller stocks.....

Greenhills,
What a strange thing to say "So you don't really, in a nutshell, have much to lose here. Relatively speaking (of course). "

My money is worth the same as the next person's, I stand to lose as much as anyone else does invested here.

I will re-iterate that I believe the current scare (which you seem to be very happy to fan the flames of) will blow over and those brave enough to buy will do very well. If I can replicate last year to a tenth of that degree I will be a very happy investor here at MRS.

Today is seeing a concerted effort to sell down the price, not sure if one of our legacy sellers is trying to get out before year end/Christmas or a few of the traders are trying a short trade or whether your efforts to scare a few more out are working.

You finish by saying 'justifiable worries' , sorry but I thought Zorbas was Chairman for over 18 months, that the debt facility was in place last financial year? So therefore the Company managed to turn a heavy loss into a good profit with these things in place. So surely with the business going forward with BPH at near capacity and MRSSG booming, then even if these things don't change there is likely to be a boost to revenues and profits again this year?
If they do change then that would be a boost to the boost....
So the only worry is the NOMAD and they have stated as much as any of the other Companies in the same situation and that they are in advanced talks and are confident in having a new NOMAD early in the New Year.
The word 'confident' obviously has different meanings when it comes to different RNSs with you, but for most of us we can accept what is said, especially as I haven't seen one of Northlands old clients manage to RNS a new NOMAD yet. It takes time to do the DD you can't change that just to assuage your worries.

Your missive from HL seems to have sent you onwards like Chicken Licken and now you try and tell us these are all justifiable worries, sorry I don't believe they are, they are being spread as part of the mischief. But as with all things everything has an consequence and the low SP will mean some will get some cheap shares and if the price does go up, they will profit while those that sold at the bottom lose. It's the markets and sometimes you just have to go with the courage of your convictions. You have gone one way and I have gone the other.....

You may ask about my holding, if I answer you might not believe it, so really is a pointless thing.

I bought my December shares last week and some the week before, a total of £14k invested.

I will be looking to put a similar amount in for January and also to do a large Bed and SIPP transfer if the price remains low.

My holding is large by PI standards.

Average price, I couldn't tell you as going through CGT calcs at the moment.

All my shares here were funded from profits elsewhere.

So happy to sit here as I think this will turn in the New Year and do very well. Brexit is a concern but there will be a fudge somewhere along the line.

I posted list the other day that had a lot of the Northland NOMAD clients, can you have a look through and see how many have announced a new NOMAD?
Northland have voluntarily given up their NOMAD status as part of a merger/acquisition by SP Angel. SP Angel are a NOMAD in their own right and have lots of mining companies on their books.
Some of the Northland clients have announced that they are being moved over to SP Angel, others have no said this and others may well be looking at other NOMADs.
The easiest route must be transferring across to SP Angel and yet companies that are doing that have had to warn that if the merger doesn't go ahead before February 1st then they will be left without a NOMAD. So although the easiest route, still having to warn.
MRS have stated in an RNS and PB re-iterated in his interview that they are in advanced stages and hope to announce a new NOMAD in the New Year. That is the same and many of the other companies.
It has been discussed that this takes time anyway, but with many companies looking for a new NOMAD, the DD conducted by those NOMADs will take longer (as they are likely looking at several new clients), then there is the Christmas period, although not the 1980's or 90's the City likes to enjoy it's festive spirit during the run up to Christmas and the New Year and there are unlikely to be any announcements until the New Year.
Everyone will know the deadline is there and they will get it done before that date. ( Anyone that has bought a house knows how Solicitors work at their own pace but generally transfer the monies allowing keys to be handed over - normally after lunch on the Friday).

Greenhills you are rushing to post, calm down.....

I first bought MRS in February this year, I have stated that previously and as for history, can you please tell me why it has taken holders so long to be worried about the history when it has been there for a long while, Zorbas and Co didn't come onboard recently, so why are you, only now, wetting yourself about it?
As for the history I followed it for a while, but not that bothered by it, the legacy sellers have given an opportunity to buy for a new dawn, that was confirmed with the announcement of profits last year and turnaround of the Company. Investors tend to look forward, as those that did their research and didn't like the history wouldn't invest in the first place

As for the SP, I am adding at regular intervals and so the averaging in of my buys means that I am getting more shares for my money now and as I feel the SP will rise back up again to above the 9.1p I first paid, then I will be onto a nice winner and the SP drop will have made that more as I hold far more shares from lower prices.

I don't think anything is wrong with the Company, there are things wrong with the share register and that is translated into the share price as the weak and legacy sellers exit. The volumes are small, the MMs drop the price but freeze out any buyers at those lows, meaning you can't buy in any size and their quoted spread is all over the place often leading to buys in the sell column (which fools people like you and they panic).

Much is said about Zorbas and Leon Hogan, but they both have large shareholdings here, Zorbas is the Non-Exec Chairman, so yes he features in the Annual Report but people bemoan he hasn't seen the Australian business. Then that surely shows the work is being done by our Executive CEO and his team of Management and not the Non-Exec Chairman. You were worried about his pay and yet that looks to be less than many are paid to Chair Companies and as I pointed out he has invested far more in buying shares this year, shares that are all underwater.

As an aside how do you see these two making money out of a failing MRS??? Only with their shareholdings I would suggest it is in their interests that MRS prosper and they find an exit/Company buyout at higher prices to profit from and therefore all shareholders will profit from it. So tell us all how these 'bogeymen' can do it differently???

win4call,

Sorry Greenhills is acting like a child on here. By all means have a contrary view but his posts are more than that. You might remember it was only a couple of weeks back that he was asking others about Zorbas and had obviously not done much research beforehand on the subject. Greenhills seemed to take other posters (that are not likely holders in MRS) at their word and that is now peddled as the opinion of Greenhills and we should all accept that too.

It seems to me Greenhills sold up at a loss, soon after posting he wished he had sold higher up, then started to create some trouble asking inane questions on here about Zorbas and his salary and the Nomad situation, which is the same with all Northland Companies, even the ones that SP Angel are taking on haven't been able to confirm the deal because it takes time. Greenhills duplicity in taking virtually identical wordings and making it negative here and a positive at another Company show what Greenhill's aim is......It won't recover any losses, much like the holders of URU and ANR won't recover losses by negatively posting here....But they still post....It is the ugly side of human nature (that somehow, if someone else suffers like you did, then it makes you think you feel better).

Anyway enough about Greenhills, as like a child, I think they are revelling in the attention.....

Are you going to be like this all over the Festive period Greenhills???

Your duplicity was exposed and now you are behaving like a spoilt child....

How much did you lose when you sold out? How much does it take to change a poster from what seemed like a rational adult to someone who will say black is white just to try and score a playground point?....

My experience of AIM Company AGMs is that about 4-5 private investors turn up, two from the NOMAD/Legal team, the registrar, a few from the joint broker/pr company, 3 or 4 Directors and that is that.

I don't mind where the AGM is held. They are generally a waste of time and rather boring....

I am sure a poster was complaining recently that Zorbas hadn't even been to Australia, well now he will be, so complaint over....

The important thing for me is that MRS start to show themselves in Australia, because believe it or not, that is where any buyer of the Company will be based......

https://twitter.com/SML_Minerals/status/1075406519750090753

Thanks for your reply ricoh, I am not sure any day trading is lucrative at the moment, too many erratic swings due to Brexit and trade war fears.
I know it is sometimes hard to buy, but I tend to persevere and see what happens, I was lucky enough to get 1.25m on Friday and some more earlier in the week. I say lucky enough as I really do think SML will motor upwards shortly. Leigh Creek and Redmoor have produced World Class drill results with more results to come I think the Company are hinting that they are good news.

https://twitter.com/SML_Minerals/status/1075406388631875585

mkwarriors, sells have been going through above mid price, I think the first 120k trade, the 397k trade and the last 196k trade are actually sells in the buy column.

Not surprising when there are over 800k of sells against the 400k of buys.

What is though is the fact they wouldn't sell many shares earlier, has this now changed Ricohrover?

Well we have ticked up on more sells than buys......Are they offering any more at these levels?

Well the 99,088 trade was bought last Thursday at 5.04p, another losing trade for someone....

Did you really filibuster for so long you went over the 3,000 characters.....LOL!

When you finish digging that hole, you might have arrived down under and MRSSG can service your shovel for you,

NB you will no longer be eligible for the shareholder discount on servicing/repairs and muck removal (particularly important for you after 'lightening your load').....