The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Shaml89
No mate, it's because I got paid today and topped up, the market makers knew I was topping up from a portion of my average wage so they run the ask up in anticipation ;)
Lots more interest here now, the PR campaign has brought more eyes (and I would like to think some new investment funds) to the party. The announcement of debt freedom and the subsequent earnings from each quarter thereafter, 'should' allow a very healthy rerate north.
Could/should be a £200 million plus company already based on earnings, there are explorers who produce nothing valued at many times what MTL is so this has been flying way under the radar for far too long.
The market will wake up soon enough, glad to hold a small slice here because I'm confident it could increase by 5 x or more within a year. Time will tell.
All the best
Excerpt from the RNS specific to Queeld/Mispare:
'to be held by those solicitors until 5 March 2024, at which point the share certificates will be released to Queeld and Mispare.'
So next week a considerable number of shares will be released to parties under threat of asset seizure. These are then openly tradable shares, and unless they are literally confiscated by the Russian Government, they will 'probably' be sold en-masse as soon as possible after Queeld get their hands on them.
I would expect it all to happen in the background, and then at some point it will be obvious that there is a 'distressed' seller, as the pitiful price of EUA gets even more pitiful. It would NOT surprise me in the slightest if the useless, clueless, duplicitous BoD suspend the stock on or around the time the shares are in Queeld's hands.
This company is a shell company that does not mine anything, does not sell anything, does not explore for anything that can be mined/sold, and basically does not WORK on any level whatsoever. The entire purpose of EUA over the past 4 years has been to 'process' cash and shareholder value into DUST (that it pays to store because they are unable/forbidden to sell it).
The only people who've made money here are all the 'Tier-1' investment banks, law firms, spotty geologists, auditors (sterling job chaps, nothing at all to see here, literally) and the ever expanding BoD and M&A 'experts' who've expertly turned what should've been the easiest asset sale in history, into a nailed on future Case Study for MBA students in how NOT to run a business successfully.
I see from glancing over a few of the posts that the virtue signalling MDS (Midwit Delusion Syndrome) remains strong with them, they just don't seem to be capable of responding to reality and STILL believe the BoD are actually doing something other than 'working' from home or playing Connect 4 at board meetings. Oh well, you can't fix stupid, just look at mask wearers.
Gulags All Round!
The PE of JAY (Bluejay Mining) is a strange one as they are a minnow with a current £5 million market capitalisation and receive no income as they sell nothing but exploration dreams and plenty of 'Jam'.
The only income they receive is from their frequent placings to 'prove up' great assets that turn out not to make money and never seem to amount to actual mining and selling. I know nothing of the other four companies sitting above us in the list but JAY is definitely incomparable to MTL.
If you ask me where do I put £1k if I found it in the street, after grabbing a nice bottle of red and a cognac, the rest would be going into MTL.
Payday in two days, another (unfortunately) small top up en-route.
All the best
Can't recall ever seeing a day with over 100 trades on MTL. Very happy to see some volume here which suggests to me that some new investors and a few additional market makers are taking note.
Onwards and upwards hopefully.
Have a good weekend
Drusus,
Exactly, this is what HSBC and the others are supposed to be onboard for. This asset is worth far more to GGP than any other company because GGP already have 30% of it and boots on the ground involved with the development.
If Shaun can't get a deal agreed to buy it out, he's the wrong man for the job.
All the best
Ok Sticks3, I'm sure you've been invested here with your 21 posts since 1856 and your grandpappy discovered gold in Australia. Your response to a statement by me of the FACT that Newmont have openly stated they wish to get rid of Telfer and HAV, fully displays your blinkered stupidity.
Of course it will negatively impact GGP, they have 30% of something the majority partner does not want. Until someone offers money for it, GGP can go nowhere unless it finds cash to buy up a producing asset somewhere else. GGP's fate rests entirely on whatever Newmont decide to do, and it's unlikely to be a quick resolution.
Keep your blinkers on mate, wouldn't want to get sand in your eyes while you're digging for gold.
Whatever anyone offers for it that Newmont deem acceptable for something they don't want and will not pay any money to develop. It's now basically a plot of land with outline planning permission to one day be turned into a gold mine. Newmont are not going to waste time or money on it, so if GGP/Shaun and all his finance pals in 'Tier 1' financial institutions are as good as he's been bleating on about over the past year or so, they'll acquire a funding package and buy up the 70% plus Telfer and go it alone along with Wyloo.
If not, GGP is pretty much a company shell with no income, no short term chance of any future income, and a lot of wages and fees to pay to advisers, lawyers, geologists etc etc.
Newmont want out, do GGP want in? That is the question. Either way, the share price here will be under the cosh until clarity arrives in the form of a 'binding' deal.
All the best
Typical, there's been a large seller offloading keeping the price down and a week before payday he/she/it scarpers and the price moves back up. Oh well, still worth a grabbing another small batch because it's STILL way undervalued.
All the best
The price is doing exactly what it should do, respond to market movements. There is/has been a large seller over the past 2 weeks or so, and the vast majority of relatively large trades (10k plus), have clearly been sells. Someone is offloading a large stake as it's beyond the realms of coincidence for it to be multiple sellers all at the same time.
Once this 'entity' has finished selling, I would imagine normal service will be resumed. If we take what the CEO says as fact, there is NO bad news on the horizon, so the largesells are likely to be from a distressed seller. Nothing on AIM can be taken for granted, and being able to buy MTL shares for circa 2.5p on the cusp of debt freedom 'should' be an open goal (time will tell).
Let's see how long it takes for these sells to clear and then we can all see what the company looks like (to the market) when the debt has disappeared.
Have a good weekend.
Welcome Karl, hopefully you bring the share some good luck and affect the price in a positive manner. I'm sure you've read a few RNS releases and watched a couple of interviews but if not, here's the latest company interview specific to strategy and the near future:
https://www.cruxinvestor.com/posts/metals-exploration-aimmtl-acquisitive-cash-generative-gold-junior-4935
All the best
More snouts in the trough buybacks to increase senior management's bonuses and clear the incredibly low bar 'hurdles' for the self-policed remuneration committee. then they will slap each other on the back saying how great they have 'performed' over the year.
At the same time more shares will continually be spewed out in the share plans and freebie options to the BoD and management while they carry on removing humans from the workforce, cutting costs that make things worse for customers and better for Tesco.
The express by mine has now turned off all their beer fridges that I used to grab the 3 for £5.50 (that rapidly went to 3 for £6.00) Morettis from, which I no longer buy because they are in a 'fridge' that blows out hot air pretty much cooking anything inside. Apparently they are soon to be removed and replaced with shelves, because Tesco think it's a good idea NOT to provide cold beers that can be grabbed quickly on the way back from work, you know, in an EXPRESS manner.
Akhmed's newsagents now gets my custom because he has this strange idea that customers would like cold beer that can be consumed immediately after purchase with their Friday night Kebab/curry/insert fast food preference here.
The share price hasn't budged on this news so yet again, FAIL.
Pay out a friggin special dividend, let individual SHAREHOLDERS decide what they want to do with their own money.
All the best.
And just to provide balance and show it matters not who's buying and selling, the largest trades in MTL recently happened yesterday, and they were sells based on the fact the bid was at 2.90 all day Wednesday:
07-Feb-24 16:15:52 2.90 2,000,000 Unknown* 2.90 3.00 58.00k O
07-Feb-24 12:19:20 2.90 1,000,000 Unknown* 2.90 3.00 29.00k O
Value will be found once debt has disappeared and the free cash flow starts adding considerable sums to MTL's balance sheet. We will soon have much more cash retained within the company which will provide a healthy buffer for any unforseeables, and also provide liquidity for the M&A activity.
Dig, sell, repeat.
All the best
Good start to getting the MTL name out there. Darren mentioned that he is now looking to get more company exposure after a few years of 'keeping our heads down'. Once debt has gone, the cash generated from Runruno can be used to progress the new acreage (after shareholder approval in June which shouldn't be an issue).
More media will bring more eyes to the company, and the fact he stated in this interview that he believes there's approximately 4 more years at Runruno is a good thing for me. The amounts produced will obviously dwindle rapidly before it's exhausted, but without debt we can bring the new asset into early production by targeting the quick win shallow gold spots while putting in the infrastructure to develop the copper.
I don't believe this will be the last acquisition, so with a bit of luck we can grab more developments and producing assets to offset the loss of Runruno once it's finished. He also mentioned staying in country to make use of what they have already set up at Runruno so along with this new acreage up north, other regional assets will no doubt be in the M&A crosshairs.
Q1 results should be strong based on the gold price and dwindling debt so at some point we 'might' see a positive rerate in the shareprice.
MTL won't stay hidden for long, and I expect we will see more interviews and PR on multiple platforms in the coming months.
All the best
Couple more chunky Monkeys from Friday trading. Looks like a lot of shares have been snaffled up this month. Hopefully there's an accumulation going on from one of the current shareholders or a new entity.
Roll on the Q4 results and outlook for 2024.
19-Jan-24 15:53:25 2.9277 900,000 Unknown* 2.80 3.10 26.35k O
19-Jan-24 16:23:58 3.00 1,100,000 Unknown* 2.80 3.10 33.00k O
All the best
Great RNS???? Are you being deliberately thick or are you genuinely deluded? The nonsense spouted by you and your acolytes over the past month has being nothing short of hysterical. This bell-end running the company has destroyed it. The 'premium' for something they have never produced because it's always contaminated won't offset the dramatic drop in the SC6 price.
Canmax also impose a large discount which will no doubt be even more favourable to them since GR failed to honour their last generous agreement. What happens if/when Stark mess up AGAIN and the new mill doesn't work as expected and the money runs out AGAIN?
Game Over, Canmax will not be pleased, and I would expect they will be adding some more penalties in the near future.
GR needs putting out of shareholders' misery.
Morning
Happy with that RNS, seeing as though it's basically already owned by MTL insiders it should go through on the nod. The relationship with the government is strong therefore I'm not expecting any administration hurdles. Once the licences and permission to mine have been granted, the drill is already owned by the sub-company and can no doubt be juiced up and spinning straight away.
The plan to go after the small scale gold is a good one as that's where the profit is. The local miners who are out there digging holes all over the place will have to be 'paid off', and I'm sure they can come to some beneficial arrangement without the need for any long drawn out legal nonsense.
Some of those small scale strikes have very high gold content and won't cost much to access near surface. The AISC for some of the area will be very low and then once exhausted, the larger projects to extract copper etc can be put in place. The main copper area to the far north of the licence area is close to roads that lead to the port which is perfect for intensive copper mining that involves lots of heavy material that needs transporting. No major infrastructure is needed to get copper to a cargo ship so once the mine(s) are constructed, the payback will be faster than it would be in a more remote location.
If gold stays above $2k for the entire quarter, I reckon we could be out of debt by June.
Q4 2023 results next, hopefully we can get some good news about Runruno too, it would be nice to find a few more strikes to extend what we already mine.
All the best
DazedandConfused
Your username says it all. Nothing further need be said. Recovery??? Are you blind or can you not read the nigh on 11% drop on the day GR released an RNS. There's enough shares in circulation to give to every human on earth multiple times and even a large proportion of the animal kingdom (like Snakes for instance).
Enjoy your evening, I'm sure there's something on the BBC you'll no doubt be watching.