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Who is best CEO when just one month ago takling to investors very good progress but later issued the 35% increase in costs so how can he responsibility hide all trap and tell lie to all as he must know this trouble long before that.
Crock CEO with doing all thing then dump that is all he did . What is his role CEO mean . Anybode can do that and peafull go away .
Someone bought this share at 172p now worth 3p fell too hot as nowhere it can bring back its capital . There is still some value as they said that around 420 millions spent so if the worst case happens and they sell it to private what value left for shareholders? Incave this go into administration and they need pay back all debt first so it seem that nothing left at all.
High risks but rewards very good in return .
The Company will continue to work closely with its major shareholders and senior lenders on a full funding solution, targeted for the end of Q2 2024. While a strong focus remains on controlling costs during this period, as announced on 19th February 2024, the Company expects that it will require an additional interim funding to implement such full funding solution. As at 27 February 2024, the Company had a cash balance of US$24.8 million (excluding cash that is segregated for the development of the Vermelho Project) which is currently expected to provide sufficient working capital until mid-April 2024. However, this may vary depending on the progress of discussions with creditors.
Here is true number . End of March they need pay debt and its interest and end of April company run out of money . If they can strike a deal of fund arpund 500 millions should company will survive and share will rocket but if they cant so it will sign of close and end forever.
At this time, there can be no guarantee that a re-financing and re-structuring solution will lead to a positive outcome for existing shareholders and noteholders of the Company, nor that senior lenders will continue to extend the waivers (including interest deferral) until a full funding solution is completed. Further updates will be provided in due course.
It is fishy smell as something not good as they hope and prepare for administration, When company RNS out not sure which way it go and uncertain it shows that serious trouble and it cant handl it .
WHy Helikon Investments tried to exit ? Do they play with market as all of us and now time for them to run away? It seem that way as they sold for lose over 80% on HZM and now it is theri time on this one over 3% share quite a big CAP if someting positive pn funding issue .MAy be end of tax year so they sold all for lose and claims it back we will never know the true.
As we know every time delay have reason be hide and sooner we will know why but something this time we hope can irons out as they know the issues and hide someone with experience to deal with the matter. Hofully thing will come back slowly and time to enjoying when share on the course recover.
Just wait for one month then you can but cheaper if you interested this share with potential multi bags as if it go it should many times its CAP now
Someone said on 28 this month there is rns on finance . That is good as today shorters cant bring it down so it will up as this low share price not because values of a company but by shirters bring it down . Now it time ther will public a rns about its financial and outsiders can see what its future look like. Guess what ? Multi billion projects and big contacts is not funny to play but only serious one.
Now one thung for sure . If shorters try to close their position ut will kick in and share will rocket . They cant do it now
Standard Chartered was among lenders reporting a 19% bump in full-year profits on Friday, with pre-tax profits for its final quarter of 2023 hitting $1.1bn, and $5.1bn for the full-year.
This month all of big banks reports huge increase profits compared with last year . Yes high inflation and higherst interest to control it have help bank making a lot money than normal . It us not long ti see how much Myro can earn this year as the report from Q1 to Q3 all very positive so the full year so be very nice to read indeed.
If they got 500 millions to invest so why they dont buy this mine and forget everything trouble behide? Yes they can buy now with very cheap price and the rest they dont care.
the true thing how this mine wrong from start and require whole design with double CAP but CEO promise so much and boom he drop death RNS about 30% increase cost.He must be know the fact long time but he keep it hiden then shareholders lose all from 140 p to 2.8p now , How can you get back your money in future?
New on big CAP injection on this mine truly kill its as turn out they need 500 millions to make it work. How can they get that money? It us wrong long time but ex CEO hold this hidden and didn't disclose it until last December when he tolk to investors conference. Now he is gone with all money and left this mess then how can they will finished this one.
Somehow they need to have some regulations to hold those CEOs accountable for what they did so invertors dont lose money on those crocks or if this keep like this Investor will disappear forever.
Somehow this happened many time but FCA didn't do anything to restore its
Confidence on AIMs company .
First rule to learn from AIMs company is RNS issues under NOMAD instructions. So they can issue whatever RNS as they like and many companies can pump that way and tell lie about its projects. It is not surprised to me as rns turn out the cost to build so different from previous ex CEO. Do you thunk you can sure and send complaint to FCA sure you can but FCA will do is dont need answers your complaint at all that us how NOMADs work in AIMs .
The true this is now start realizing cost more and just mess up thing uncontrollable. Everone come in at the point they need complete rework from start and that will take time and money . There are intangible assets and can sell at discount but that is last resource as at moment threebig miners want to keep a light on this one.
If this is so good in return why PI are selling at crazy price and lose over 90 % ? Someone have 5 millions anh buy half of company now then waiting for 2026 can sell it 500 millions. It sound too good to be true . No . Only gambler and small money to play this mine as too risk to invest now. A lot of PIs trapped this one with down 90 % only hope to getting back small portions and maybe waiting for very long or mayly all will be gone.
All of posts from previous strong hold turn out to be horrible wrong as if they believe now they lose their money and you can buy now at 3p . How 18p strong hold keep you happy now?
I hope after full year rns public some big institutions come to Mtro as they can sense this company will recover and can bring growth in future. If that happens its share should going up faster and as high as last year.
A first year of profit ever and expand to old faction high streets still hold it value.
If La Mancha is controlling company and G Mining Services under their people why they public review with 87% increase fund? Something is wrong or intended from La Manch to kill it off ? As if they can put this company into administration then buy it then with cheapest price they can get half mine build with lose from shareholders ? How can cost so much difference each other?
They dont want to spend more money with huge responsibilities instead but it off and start again .
Nobody know for sure if the institutions are in in the buying and/or selling as they have power to influence small PIs follow. That will crash share price . So we have three days report as that reason why it cant be disclose on the day they buy or sell.