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New high, and no overhead supply from previous trading to impede upward progress. However, sp, gave up 0.25, from friday new high, and negative divergence , in the RSI(relative strength index), implying possible short term price fall.
MTL, is in an uptrend, confirmed by the RSI, being above 50. A retracement would likely be contained within one standard deviation of volatility. The volatility based bollinger band, on Friday, would place one standard deviation, at 3.82, so a stop level to avoid even number, would be 3.79 or lower. DYOR.
Nimrod22....its a corker, up to date and from the horses mouth.
Lee, that's an excellent interview that you posted below.
"Explained by Darren Bowden in February 2024"
The Q1 results are the most anticipated (by me personally) because of this excellent run in the price of gold. Could very well open up over $2200 per ounce Monday, $2188 atm.
Lots of free cash flow coming and the bank balance will swell rapidly as the debt disappears. I'm 'expecting' another acquisition announcement very soon, that cash will be put to good use I'm sure.
Have a good weekend, Ngannou to shock the world.
Excuse my bad grammar, of course durrent price has no influence on EPS. What I should have said is current EPS multiple is only around 2 or 3 depending on what EPS they declare. Hope that makes sense.
All will come clear when they release the annual report. At the current price the EPS will be somewhere between 1 and 2 cents. I'm thinking a reasonable EPS multiple for a high performing gold miner that throws off cash, has a remaining LOM of 4 years and has plans to develop new ground beyond the 4 years , should be north of 10. So in my opinion sometime after the annual report is released price will be well over 10p. But as always don't rely on my opinion, DYOR
Troll Alert
Gold is at 2175 highest it's ever been in the last five yyears, even beat the covid high of July 2020 of 2072.
So that said, what is the sentiment about the share prioce attached to the gold price and how much futher will it go on its own. If gold falls will the MTL price too?
I read a post somewher that predicted a continued rise in MTL.L to just below 10p but there was no science behinfd it?
Your thoughts?
Hey friend. I'm having trouble finding the price of gold and I remember you used to regularly post the current price . Would it be possible if you would kindly post the price. And then the maths of 4 years production left. My maths is around £200/250 million cash in the bank. Thanks in anticipation of your insightful reply
This is a ramp zone alone
Not sure about the valuation, it will not be shown in the share price until they have some JORC compliant reserve estimates. The high gold grade quick start small gold projects are interesting. But to me more interesting is the 15% near surface long strike copper deposits. This could really be a company maker. Large copper deposits containing above 1% are very rare indeed, so this could become a monster. - Wish you all the best!
Yep, $2166 per ounce means MTL is highly profitable and most importantly, we're actually producing and selling gold during this bull run, not just looking for it witha view to digging it up.
Typical though, I have a few quid clearing in the bank tomorrow and MTL has decided to go on a run again. It's a conspiracy to make ME pay a higher price after a drop. Oh well, I'm sure the RNS saying the debt is history will help soften the blow (providing the market makers actually price it in).
All the best
In August 1976 Gold was $103, and $760 by January 1980. Similar rerate could easily be starting now.
I'm a long term holder and very happy with the recent rerate and the gold price. I hold 3 million shares. Being greedy, wish I obtained more at 2 pence but decided to diversify. But still very happy I have held onto these golden gems.
Does anyone care to put a valuation range on the Abra tenement? I'm sure this will depend on the drilling results but any guesses on how much gold there might be. I dont know the size of the mining area and very little detail on this area.
Darren Bowdens recent video was very professional and I am sure investors have jumped on the MTL bandwagon when they heard how much he wishes to grow the company, and with good reason.
This valuation is ludicrous with gold above $2k let alone fast approaching $2150 per ounce. Look at GGP (not to start an argument before anyone who holds GGP pipes up with 'my mine is better than your mine etc', it's merely a comparison), they have some exploration acreage in the vicinity of their current main asset, Haveiron. They only own 30% of it and their majority partner (Newmont), have openly stated they want to sell it and the processing plant close to it (Telfer).
Haveiron is still being drilled and proven up, it still needs hundreds of millions of dollars to turn into a workable mine, and the company who have the keys to the door don't want to develop it and have slapped a For Sale sign outside. That leaves GGP with 30% of a mine they have zero control over, and if they want to throw their hat in the ring and purchase the other 70% and the processing plant, they will need hundreds of millions in debt/equity finance to do so.
They are currently valued at circa £340 million with zero income, massive overheads and pro-rata drilling/exploration costs, and a joint venture partner who doesn't want build the mine and prefers to sell it. Haveiron 'could' be a great multi year mine in time, but right now it is years away from production. GGP was recently 'valued' at over £1 billion with nothing but a minority slice in Haveiron.
MTL is barely over £75 million with a producing mine and new exploration areas coming into the fold imminently. It's clear there's a disparity between what constitutes 'value' and how 'value' is priced by the market makers. It'll wake up at some point, I don't have many shares here but I expect at least a five fold return during 2024 (hopefully more).
Happy to hold and add
Gold over $2140 , Q1 numbers will be very interesting
Article by Lex re Gold in the FT today
Https://www.cruxinvestor.com/posts/metals-exploration-aimmtl-acquisitive-cash-generative-gold-junior-4935
Explained by Darren Bowden in February 2024
Morning
$2126 for one once of gold on the spot market. This company is in mature production with a well understood working mine that has approximately 4 years of production left.
What goes up must come down (and then go back up again), that's the price you pay when holding AIM shares that suddenly become visible to market makers and institutional investors. They simply hedge their positions and play it up and down ensuring they profit either way.
This isn't an explorer looking for a strike upon which to begin financing an expensive mine construction. It's a producer throwing off cash while eyeing up additional assets in the same country where they already have first mover advantage.
Drops in the price are to be expected, take advantage if you can and when the results speak for themselves, the market won't be able to ignore MTL much longer.
All the best
It's hilarious, every time we used to get a doom and gloom warning about gold dropping it was always a little bit higher than the last time, look where that is now. Now we have the same thing with the share price. Every time they grace us with their presence and bestow upon us their wisdom about mine life the share price is always a bit higher than the last time. I think they might actually be jinxing things in our favour. Perhaps they could predict some lottery numbers next.
JWBellamy aka JAdams aka
Jennifer is a regular troll on this board. Always good for a laugh.
Why do people post negative rubbish on bulletin boards.
Do your own research and make investments.
All the long term holders like myself can only see a magnificent future and if you listen and read they’re also trying to buy a third mine locally which will move MTL to a huge gold miner.
Watch this space and learn and I’m extremely happy to have 5 million plus with no intention to see until I see different.
Onwards and upwards.
Hello to all the long term holders.
CV
Still have three to four years of mining life left and they have already acquired assets which will be drilled to prove up resources and would be brough to production really quickly.So there is no need to worry for atleast couple of years about production.Meanwhile price of gold is hitting all time high and every €100 increase adds extra 1.7/2 millions per quarter
Which means there are only so many ounces left to extract… you will need hefty amounts of cash to build another mine… plus you need to explore and so far unsuccessful. Those ramping are not highlighting the significant risks
Let me remind those of Leo_IX who sold out here at 1.85p and asked how I could sleep at night holding 5m MTL shares……. Well Leo since your post I increased to a 6 million holding and sleep very well, I bet your having nightmares letting go of the most undervalued gold stock on the market, at 4p that statement still stands, you could sleep too if you were to get back on and enjoy the long overdue re-rate on our market value.