Metals Exploration Share Discussion Threads

[peterpowell21] 22/2/2017 07:59

blueclyde

reading the posts from yesterday i was indeed going to say exactly what you have said.
its rubbish to say they can't update the market because of the political sentiment.
over $200m has been spent on this mine, do people not think that that investment should not be returned to the investors.never mind make a profit on there years of investment.Do people think that those large holders have put millions in here never to get it back.they topped up millions over the last 6 months alone. one has sold some and someone else was happy to take them. A month ago the NED bought £250,000.
when news is due they will shout it out as loud as any other company would.
How the hell are the main holders ever to get a profit if they keep the info hidden.
the government has a problem with the way a lot of these miners run there mines.
they do not have a problem with how well a company is doing.
all in my opinion of course.

[blueclyde] 21/2/2017 23:03

I really don't understand the comments about the political landscape casting a negative shadow and being the reason for one of the main holders selling shares. All environmental sign offs have just recently been given and sign off to export first gold sales. Also I doubt the debt would have been renegotiated on the terms it has just recently if there were such uncertainty regarding the project. I doubt either that this would stop the company making ops announcements either. MTL isn't affected by any of this it has just had hugely unfortunate luck with weather damage to the site.My take of the situation is they are now probably conducting a period of testing at the designed output for a number of weeks before entering the commercial sign off stage where ops have to run for a stable period at the designed out put to gain project completion. Having been caught out with the mill breakdown last year I doubt we will hear much until that's complete.

[don julian] 21/2/2017 19:12

Exactly LordBadger, it is not on the list. From what I've read there are mines that deserved to be closed. The Runruno project has followed best practice. Therefore, when the dust settles, it will be seen as a winner... so I've added to my holdings today!

[lord badger] 21/2/2017 15:30

For clarity, MTL is not affected by Gina Lopez's recent mine closure and suspension orders. Nor is it affected by her cancellation of MPSA's (Mineral Production Sharing Agreements), most of which cover mines at exploration stage.

[lord badger] 21/2/2017 14:09

Wiseacre, some of us watching very carefully. Did you spot the emergence of a secondary narrative from Gina yesterday? She welcomed ‘green miners who put premium on local communities and the environment’. I think you absolutely nailed the sotto voce! I think a very long pause first though.

[achillesheel] 21/2/2017 12:18

Wiseacre, I appreciate your comments and heads up on the new broker but as per your post from a week or so ago

"Oxford law graduate, Paul Kennedy, Ruffer's research director and manager of the gold fund has, despite these uncertain times, apparently lost his faith in the shiny metal. Over the past few weeks I am told Ruffer has dumped 40 million shares. The price has been rock solid at 5p which suggests someone, like Blackrock perhaps, has been picking them up on the other side"

If the reason behind Ruffer's selling was purely on the philipinne situation surely Sarl, and the other holders would not have engaged in the equity raise and would be downsizing their positions not adding?

[achillesheel] 21/2/2017 11:56

Duterte said himself three days ago that he is going to review lopes findings and order.

Duterte
"We get something like 70 billion pesos a year out of the mining operation in the philipiines we have to also take that into consideration"

"I will not judge her now. I will see if there's something wrong", this is following outcry form the countries producers.

So looks as though there could be movement on the situation.

[meijiman] 21/2/2017 11:43

Yes it would seem that the political angle in the Philippines might be a concern. The good news is that the company has done a great job of looking after the locals and building to the highest standards.

[wiseacre] 21/2/2017 11:06

No one on this site seems to have taken on board fully the political threat to the mining industry in the Philippines. It is that which is casting a shadow over the share price (as well as prompting Ruffer to dump its shares) and the local uncertainty is what is holding the company back from making an announcement. I believe we will have one very shortly but it likely to be couched in the most sotto voce terms.

[meijiman] 21/2/2017 10:43

Think it will flatline in the absence of news.

[johnybigarms1] 21/2/2017 10:25

Added more 1st thing, upwards and onwards

[johnybigarms1] 20/2/2017 19:27

I will be adding at these prices, I'm amazed I can buy for less than the institutional Investor paid for the 167million shares taken recently, but that's the share game, doesn't make sense, but hey, I'm not complaining

[peterpowell21] 20/2/2017 17:12

johnybigarms

i agree, why wait and then sell when they drop the share price on no news and very low volume.
you always get a shake when we all know news is due.
i added yet again today,if there was bad news they would have to RNS it, they cant hold it back.So they have kept the share price in a tight range while the seller/buyer done there trade,looks like they have finished and the drop is now the next phase.
how low will they take it?.The next phase is news, will it be the good news we expect
that will then send the share price north, time will tell.

[johnybigarms1] 20/2/2017 16:25

Amazing, no news good or bad and the private investor jumps ship, that's lacking patience in my opinion

[peterpowell21] 20/2/2017 14:18

about £30,000 sold and about £9,000 bought.
and they wipe around £6m off the M/C.
Only on the casino known as AIM.
What a laugh.

[jailbird] 20/2/2017 13:12

Sellers bringing this lower today Level 2 is even 3v3This really is buy and hold, and hope there are no more delays and no more dilutions.But the Co really needs to update the market on what is happening with production news

[jailbird] 18/2/2017 09:09

pp,

I tried a dummy trade and buy..got quoted 5p for both...
price may vary according to quantity though

Not sell when at 10p...I am not sure how orders of this sized are negotiated.


my card marked for what..lost me there

[deuchar] 18/2/2017 04:57

Does anybody think that politicians have their on the stored gold?

[peterpowell21] 17/2/2017 16:15

jailbird

are you posting fake news.?
so you post a quote that is not true.
you say this is how it works.
well why did they not sell in large numbers when the share price went to 10p a few months ago.

i had your card marked from day one.

[achillesheel] 17/2/2017 16:00

So nothing's changed from 3-4 weeks ago, quite a good result ruffer and baker could have decimated the share price (if they have finished), hardly any volume this week 4 trades today.

[jailbird] 17/2/2017 15:41

well you can buy and sell @5p...

[jailbird] 17/2/2017 14:53

"Thankyou for continued support by all placee shareholders.
Please free to sell massive chunks on any good news, which will depress the share price"

This is how it works, so we should not be surprised

[blueclyde] 16/2/2017 18:04

7 trades today! 5 large ones appear to be the same buyer. Can't wait to see what happens when we get a good ops RNS and we get a couple of hundred people wanting to buy!Encouraging that gold is rising despite the markets hitting all time highs and interest rates going up. Shows the smart money knows it's a crazy bubble that will burst!

[jailbird] 16/2/2017 17:23

My reasoning 5.05p were buys was that the last move up on the bid was at the same time