Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I hold and will continue to hold mate, I still can't believe how undervalued it is and that's why I want it to be good to those who've held long term (us) and anyone who's new who's been watching the recent interviews and broker pieces on MTL. It's done now, doesn't matter to me as I have already bought my slice for this month, those who got in last week won't have to wait long to be back in the Blue (probably), so results and forward guidance should be the next mover of the price.
Have a goodun, paying over 5p again not long after market open so it's a good time to top up before the weekend. Might even get the results RNS today or Monday.
And seeing as though it's pay day for a lot of those on monthly wages, I would expect a lot of buying today and into next week. It shouldn't take long for the price to rise back through 5p so if you're still buying (like me), Candy has done us a favour. If you bought last week, you probably don't like him very much right now.
All the best
Morning
Lee, I haven't 'sold out or top sliced', I made that VERY clear from every single message I posted. And it's your opinion that 'it matters not one jot why Nick Candy sold a few percent of his shares', It's my opinion that it does matter, hence the market reaction to the major shareholder reducing his holdings by 3%. Of course there's value at 5p, that also isn't the point, the point is that MTL have gone from saying absolutely nothing and being invisible to the wider market for years, to starting a media campaign to attract new investors. Candy selling doesn't help or give a good feeling to any of the newcomers who bought on last week's highs and are now down around 20%.
So as for 'nothing has changed', well that's wrong, Nick Candy's holding percentage has changed, and so has the shareprice. Doesn't matter to my holdings because (as I've said previously but people choose to conveniently overlook the fact), it's not anywhere near my top slice target, which for future reference is 10p, so again, no, I haven't sold, I do what I always do, add a small amount each pay day.
Sentiment MATTERS on AIM, this company is where I have most of my investment cash, if I didn't see value I wouldn't be here. Doesn't mean I have to be blind to the actions of the people who own/run the company. It's bad form to sell/transfer so close to a results RNS, that's my opinion, and it was shared by the market.
That's all I have to say on it, let's see what the results are and hopefully Candy doesn't sell more of his holdings.
Andysparra
I'm sorry, I wasn't aware this was a cult. I post what I want when I want. My 'tune' hasn't changed at all, the MAJOR shareholder's tune has, hence the TR1 detailing the fact a BILLIONAAIRE has decided to sell shares in the company he's literally just had his last loan interest and principal repayment for.
We are also days away from releasing Q1 results which 'should' have given the shareprice a lift due to the fact we are now debt free and throwing off cash. The fact that so many muppets infest these boards wearing blinkers and waving pom poms for the directors of companies, even when they dilute them into oblivion (not happening here before the children start piping up), is CULT behaviour.
The major shareholder selling millions of shares just when he's had his 12% and 7% interest on his loan and within a couple of days of results is bad form no matter how you try to spin it. The media campaign was doing well and new investors were/are taking note. The timing is terrible, and the fact we've gone from nearly pushing through 6p to 4.5p on the bid while Candy was doing this should tell you all you need to know about how it has been received by the market.
And nowhere do any of the posts by me and Overdog who started the thread talk about 'people talking about time to bail', my point was clear for anyone with eyes and a brain, set your target and take your profit when you get there. The same message I posted yesterday before the TR1 was known to us.
Candy knows it doesn't look good that he's suddenly decided to sell shares as his loan has been paid back, it doesn't affect gold production and it doesn't impact earnings. It does impact sentiment and the shareprice reduction speaks for itself.
If you want to sit there and ignore reality that's your choice, I say what I see and it serves me well.
Nothing more from me to you.
It's typical, they bleat about 'strong support' and being debt free entering a new era etc, and the majority shareholder starts selling scores of millions of shares while the company is attempting to attract new investors and institutions.
Looks like the up and down games (as expected) are underway. And as per EVERY company on AIM, set your target and don't put your fingers in your ears and 'pretend' nothing negative can happen to the company/asset. If you a point where you are happy to offload some shares for a profit, do so, or you 'may' live to regret it.
We need more clarity on growth and the current performance of Runruno, we shouldn't have but a few days to hear what it is. Q2 has been great so far with gold over $2100, let's hope it continues.
All the best, have a good evening
Probably because even market makers don't want shares of a company that destroys everything it touches. Never mind, I'm sure being down a quarter of the value of the entire company with no RNS is a 'good' thing.
Or.......
People are naturally taking profit and it happens all the time after a sustained rise. Nobody knows the future and any profit banked is a winner on AIM. We have been very lucky to become debt free at a time of record high prices for what we sell, that isn't strategy, it's fortune.
Also, plenty of times results have been released here (and in many other stocks I've held/hold) and the price nosedives over the following days/weeks for no reason. It's to be expected as market makers, traders, and investment groups take positions in stocks and play them up and down.
MTL is now a mature debt free Gold PRODUCER, that is throwing off $millions each month that will be used to buy up more projects and producing assets. Whether it goes up/down or sideways, the balance sheet will speak for itself and the price to earnings ratio will continue to move in our favour as the quarters tick by.
Everyone has their own price point where they will scalp off a profit, mine will arrive at some point too and I'll be selling half my holdings when it does. It's not there yet so I'll keep adding small amounts at every pay day until it does (next week). Let's see how the market reacts to the Q1 update and confirmation of debt freedom, I personally believe it won't move up very much and stay between 5-6p for a while. I hope I'm wrong.
All the best
So the idiots who were on here yesterday blatantly talking out of their backsides about 'striking oil' and all the other usual nonsense about 'MMs wanting your shares, it's just a tree shake, 25 + BILLION shares isn't that much really, there will be no need for a raise because a real oil and gas company will farm in blah blah' were wrong yet again?
If you actually READ the RNS that was disgustingly written in a way to obfuscate the absolute failure of the drilling campaign, you would've known that the pitiful amount of oil that was (wasn't) recovered from a vertical well in the frozen tundra was nowhere near enough to be even remotely commercial.
As I and others stated at the time, it was a pathetic set of results, and horizontal wells would need to be drilled at great expense IF the company could secure the rigs and workforce to do so. The fact that posters were suggesting there would be no raise, means they are either deluded or purposely attempting to make out that 88e isn't the complete DOG it is, has been and 'probably' always will be.
Trade it or lose it.
Well said mate, that's exactly what this is. A background burner that has been kept a secret for so long that people will be shocked when they see what profits are being made here.
Onwards and upwards, value will out.
Have a good weekend all
Rifles
The Post Office is majority owned by the private Bank of Ireland. Most of the largest corporations in Britain are foreign owned from cars to that hideous multi faceted online retailer called Amazon. The 'government' couldn't care less as they have no say in ANYTHING, they do as they are told and follow the script put in front of them by the Globalists who actually own nearly everything required for a country to function.
A bid will be accepted, DK will own IDS, this has been blatantly obvious for so long I'm staggered there are still people who think it won't happen.
Have a goodun, games will be played until a better offer is put forward and the BoD 'reluctantly and with a heavy heart' recommend shareholders vote Yes to the final bid (possibly after the 15 May deadline gets extend once or twice to 'infer' they are actually negotiating and fighting your corner).
All the best
Ok Stas20, I'm sure no other oil and gas companies have need for the small number of rigs capable of drilling complex horizontal wells which takes a lot of time and 88e can just dial RigsRus with ZERO funds and ask them to send extremely highly paid drilling teams and Project Managers, Engineers and Foremen to start drilling holes in the ground without obtaining permission and paying for all deposits required prior to work commencement.
Or.........................Mass Dilution and/or having to sell off most of the equity in a farm out to another company. It's Ok mate, I'm sure it'll be different this time, no repeats of the Ice Wine failure, the Red Rock shambles, the Farm in by PMO that turned out to be a duster, no, THIS time, this time, 88e know what they are doing.
One day rodders
One where it's commercially impossible to get it out of the ground, processed, transported, and sold for a profit after costs. It's no secret that there's billions of barrels of oil under the frozen floor of Alaska, the problem is it's very expensive to make a tight formation give up its oil freely without drilling countless expensive horizontal wells.
Those results were basically pathetic, you can't produce from vertical wells in a commercial amount so 88e are naturally going to need scores of millions of dollars they don't have to drill horizontal wells in the short weather windows available to them. That's if they can get the rigs and workforce to do so in remote Alaska when other companies have other projects requiring a short supply of suitable Arctic ready rigs.
The collapse in the shareprice over the past two days, and the deluded "this is the bottom, it's gunna bounce, look at the CatSick Curve on the Chart and the Golden Shower formation" posts from perennial muppets should give all the information required that 88e decided to obfuscate in their RNS (4 barrels in 16 hours).
The market will be tapped for discounted funds before you know it, this company has failed every single time, that's unlikely to change.
All the best
Yes mate, but it's a mining junior listed on AIM that had a market capitalisation similar to ALBA's even when in production (due to mine issues and debt). The point is, MTL developed and built the mine and ALBA inherited an actual producing Gold Mine that is already built with all necessary infrastructure in place to get rock out of a hole and into a truck for processing.
It's been a disaster from GF and his ever revolving management team. Good luck here anyway, I want it to succeed because a lot of people have been 'trapped' in here for so long being financially abused by a serial incompetent. At least some Bats and Otters have a nice place to live courtesy of persistent share dilution.
Gold 'might' be produced at some point, I and many others will only trade this and get out on spikes because holding and 'averaging down' is financial suicide on AIM, particulary in miners(sp) and oil and gas companies.
All the best
Jsp123
'Asllankukeli which gold juniors have risen recently?'
MTL has doubled in 2024 and is up circa 300% over the past year. The key is it produces GOLD and therefore can be classed as a Mining Company and not a Dilutive Lifestyle Company (ALBA).
It focussed on paying down its debt that was used to get the mine working correctly ($130 million at high interest so nigh on $180 million paid back), and is now debt free and actually selling Gold and buying up other projects to develop.
ALBA have spent well over 5 years trying to get a single gram of saleable Gold out of an actually built Gold Mine that only stopped producing in 1998(ish) because the price of Gold was below the costs to extract and sell it ($300 per ounce).
This mismanagement is appalling, and the fact that a tailings pile that would be so easy to process into saleable Gold has sat there for eons, is typical of GF and his cohorts who prefer rinsing shareholders instead.
Full scale underground mines have been explored, planned, dug, built and put into production by many companies all across the world in the time it has taken GF to relocate some otters from an already BUILT and excavated Gold Mine in a 'supposedly' developed country.
You never know, maybe an actual Mining Company will buy it for a quid and have it up and running before the wind erodes all the Gold in the tailings pile.
As we await Q1 results, the first two weeks of Q2 have seen MTL sell gold at an average of circa $2350 per ounce (and currently climbing), if we end up with a Q2 average of $2350 per ounce and our recovery rates are as the company's forecast projected, we will be making significant profit and could end up with a P/E ratio of 2 or less at this rate.
This debt free company is still way too cheap, plenty more room for growth and within the next two weeks we will have another RNS that the wider market 'should' take notice of. Whether we go up gradually or do over 100% in one random trading session matters not. Value will out and MTL are selling gold and not paying interest at the very time of record high gold prices. The luck is with us.
Onwards and Upwards
They are not good results, it needs to have a number of expensive horizontal wells drilled (and then tested) before anything remotely close to commercial can be achieved. 4 barrels over a 16 hour period could be surpassed by a 'Lady of the Night' and a Maccies Milkshake Straw. It will now be traded up and down until something else happens.
Rollercoaster time
Seems the market aren't pleased with the consistent awarding of free shares to friends and family either. No mea culpas or RNS issues with a strategy to arrest the management induced decline. Nope, free shares all round is the order of the day.
Hasiba
'GL in your other investment as you are going to need lots of it ..'
My other investment is up over 300% this year, that's because the CEO does what he says he will and ADDS VALUE to shareholders and not shares in issue. That's something The Roach will never do because any perceived success and increase in the shareprice = DILUTION asap.
My other investment sells Gold, PREM sells NOTHING.
Hasiba
Thanks, I lost very little as I sold when I used my eyes and saw what was going on. I then traded it and sold into the obvious spikes, usually in or around when Snowking posted. I don't usually read anything you post because you're basically a deluded fool which was obvious to me after reading pretty much anything you posted, so I stopped reading.
And as for being a PREM 'hater', what are you? Six? Do you seriously believe REALITY should be ignored and nothing but praise should be heaped on a serial LIAR and incompetent who would miss the water if he fell out of a boat?
That's all from me to you, you can go back to genuflecting in front of your statue of The Roach now, along with Saint snowking of Fantasy Land.
Bye
Morning
Plenty of profit now being generated as Gold moves through $2400 per ounce. The war chest will be growing quite a lot more than the company anticipated which should give DB a strong hand when eyeing up new opportunities. The funding of Abra is already very low and well within the company's means, but with this extra revenue the development is pretty much being paid for by unexpected profit.
With a bit of luck we might receive a Special Dividend (would be nice but not bothered if it doesn't happen), however I believe DB will stick to his plan and use the additional cash to acquire another project/company, hopefully something that's already in production or close to production.
Happy Days