MTR trading stock?
Posted: Fri Apr 08, 2016 11:40 am
Found this post on their lse bb, which gives a frank review of some issues with the co/ mgt themselves, perhaps. Certainly a resources investing type co in a hurry but money to be made via swing trades??
" i have ramped..but out of genuine enthusiasm
however...
1. When you sleep with dogs you catch fleas. Andrew Bell is, in my opinion, a rather large fleabag who has ravaged his companies, destroyed shareholder value and overseen over £20million disappearing in "administrative & unallocated expenses". I am more than concerned seeing MTR tied up with him even in the tiniest of ways.
2. Words like exceptional, outstanding were used to ill-effect - with the sole beneficiary being Paternoster who have been able to exit a significant proportion of their stake at the highest price. I am hoping there were no shenanigans, but this is AIM - and if you can get into bed with Bell, there's no saying what else you might be willing to do.
3. Given today's news is far from earth-shattering and that drilling continues, there seems to me no problem in delaying an announcement until there is a more comprehensive and comprehensible position to share - even if it was only until the eve of the April 20th presentation.
4. I hold over 8.9million MTR - i don't mind bad days, they will be balanced and exceeded by good days....i mind poor management, poor expectation management & bad alliances and this week we got a taste of all three "
http://www.lse.co.uk/ShareChat.asp?Shar ... etal_tiger
posted 11.31
" i have ramped..but out of genuine enthusiasm
however...
1. When you sleep with dogs you catch fleas. Andrew Bell is, in my opinion, a rather large fleabag who has ravaged his companies, destroyed shareholder value and overseen over £20million disappearing in "administrative & unallocated expenses". I am more than concerned seeing MTR tied up with him even in the tiniest of ways.
2. Words like exceptional, outstanding were used to ill-effect - with the sole beneficiary being Paternoster who have been able to exit a significant proportion of their stake at the highest price. I am hoping there were no shenanigans, but this is AIM - and if you can get into bed with Bell, there's no saying what else you might be willing to do.
3. Given today's news is far from earth-shattering and that drilling continues, there seems to me no problem in delaying an announcement until there is a more comprehensive and comprehensible position to share - even if it was only until the eve of the April 20th presentation.
4. I hold over 8.9million MTR - i don't mind bad days, they will be balanced and exceeded by good days....i mind poor management, poor expectation management & bad alliances and this week we got a taste of all three "
http://www.lse.co.uk/ShareChat.asp?Shar ... etal_tiger
posted 11.31