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Please substantiate that rumor @DeReamer. MTR had a recent sp...

  1. 690 Posts.
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    Please substantiate that rumor @DeReamer.

    MTR had a recent sp slide AFTER PJ stepped down as CEO allowing Alex Borrelli (a heavyweight by reputation) to take the company "to the next level".
    (This was supposedly because of his city connections)
    Alex Borrelli did not perform as CEO.
    He did not act to secure funding for continuing the Botswana Journey.
    He did not communicate with shareholders.
    He had a conflict of interest (Being the CEO of BMR) when BMR made a predatory low-ball offer to buy MTR (half the then SP &- share only offer).
    The offer was an insult to shareholders and immediately rejected.
    AB acted legally but incredibly naively and his conflict of interest cost him his role at MTR.
    (I'll keep private my thoughts on this just yet)

    PJ is an effective communicator, someone enthused about the metals investing space and previously lived and breathed MTR.

    He is now a valuable NED.
    Don't forget Paul made the Bots JV happen.

    That's not to say he doesn't have his detractors,
    Some UK bears cite the trading ARM of MTR as a poor, even worthless.
    Many claim he has invested in risky companies that nobody else would touch.
    That belies the truth that the Trading arm of MTR has made near £1M investing in KIBO and nearly a further £1M invested here in MOD. Many of MTR's investments are in unloved companies that have MASSIVE potential at the right time in the commodity cycle but will appear unloved and illiquid until then.

    MOD holders should have nothing to fear as PJ knows the value the JV has found in T3 and he is a capable ally for MOD to rely on.

    Paul Johnson would have placed earlier at a higher sp if he wasn't persuaded by AB's credentials.

    That failing I will grant you, but please don't come listing the trading arm investments as support for your statement as they have been picked for the simple reason that they will have future worth.
    Please also check out the many videos from years back of him on site getting dirty doing DD.

    With PJ back as NED it took less than a couple of weeks before the funds for the future program in BOTS was secured. (It actually took a fraction of that time).
    That's a story that I don't have the full picture of I'm afraid but those are the facts.

    It's easy to believe rumor and even easier to start one so please confirm the reasons for the charge you leveled at Paul.

    LSE AIM is inhabited with (imho near professional) detractors of many companies in the hope of affecting sentiment. I wouldn't like to see that start here.
    You might have guessed, I hold MTR stock
    atb
    JS
 
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