Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The U.K. debts at 2008 were £0.5 trillion, today it’s £2.7 trillion, more than a 5 times increase in just 16 years, it’s rising faster and faster and your savings in pound notes shrink at the same rate, it’s that simple, and the smart people are buying gold and silver, I personally have moved 80% of my wealth into MTL a gold producer and Silver coins a physical asset.
I do not trust banks, I think it’s only a matter of time before some go bust and once they do it will be a scramble to safety, Gold and silver, the prices will go exponential, MTL are poised to capitalise when that happens, cash generative and our Q1 results will cement that fact.
@Bitsub
It's even funnier because it's a 50/50 guess that they keep getting wrong.
Ignore his ignorance boys and girls, even the American banks have estimated between $2700 and $3000 dollar gold this year, why? Because they have lost control of their debts, so has the U.K., The USA debt grows by $1 trillion every 100 days, the interest alone is $1.6 trillion per year and rising, it’s a runaway train and all they can do is print currency to hide the problem, holding precious metals is your only chance to not have your savings obliterated, holding shares in a company like MTL is like turbo charging your gold investment.
We have seen nothing yet, gold will continue to rise and it won’t be a straight line, but it’s going higher, don’t be fooled by little pull backs.
JW since your so good at predicting the future how come you got it wrong so far ?
So stop ramping newbies when you know what’s really coming
And of course with lower grades that will pinch also
I would say, somebody is accumulating.
There have been a lot of chunky buys, daily for the last month.
Could we possibly see a TR1 soon??
Hi guys and gals,
Seems to be a lot of movement into SIPPs
I'm fine, looking forward to summer and practicing my cake making skills and erecting a gazebo in preparation.
All the best (£2000pm from SIPP)
Roy
Share at a P/E rolling of 4.7 and P/E (TTM) of 3.29.
On Stockpe... its given a high stock, value, quality, and momentum ranking.
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
Looks like this is setting up nicely for a great update next week. Brilliant share and (thankfully) hasn't attracted too many nutcases and rampers - nice and steady and the results do the talking.
Bring on Monday!
Jbell : "Some of you should be ashamed".
I hope you didn't dissuade anyone from buying MTL when you said:
"Ounces down this year and remember end of life is closer than ever"
Price was 2.7 at the time.
Nes,
Yes, looking forward to the next 3 or 4 weeks. We'll have the Quarterly update RNS and then the Final results RNS. Should see strong figures with gold trading at record highs and the company debt free.
Anyone here invested in Serabi, SRB is the ticker? I hold MTL and looking at other gold miners atm. Thanks
Looking forward to Q1 results this wek hopefully.
What's that Jennifer you posted on Monday in Fres - Gold should fly Monday, anyone owning a gold miner will do well - lol
Your opinion on the market is truly astonishing you should become an analyst - one that changes track every day, what you should really be commenting is the fact that central banks bought the most bullion on record last year and have continued throughout Q1 - with equities faltering bullion looks to continue it's upward momentum - great news for MTL but you just continue to sit in the corner rambling to yourself with your one track blinkers on.
In the real world Gold has risen 24% in the last 6 months, MTL has an AISC of half the current $2382 gold price, so profits as a result are up 48% in the last 6 months as a benefit of such a massive price increase.
$100 million clear profit before tax is now a reality.
Yawn
If people are invested they did there own research or will do
You obviously did not and now you hanging around for no reason but to moan that you’ve missed out
Stick to what you enjoy trading in and leave us make our own mistakes.
Steep production declines to below 60,000 ahead
Some of you should be ashamed for not mentioning this from the broker note. Nothing on future declining grade either. This forum just for rampers?
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
Miss Bellamy. I thank you for your concern. With the gold price collapsing by 2% back to where it was almost a week ago this has been causing me great concern also. The precipitous drop in the share price leaves me with a mere 350% profit since February last year which, I am sure you will agree, is terrible.
As for your prediction of a heavily discounted rights issue. Spot on. Most companies would do this immediately after repaying 200 million dollars of debt and as they start to accumulate vast quantities of cash on their balance sheet.
Keep up the good work.
JWB, we share the same views on CEG so I'm not here to bash you for being contrarian on MTL but do describe anyone as having been spiked here is just not reasonable - today is a small movement are hardly down from recent highs - shares don't go up in a straight line. One of the reasons MTL instills me with so much confidence is the very fact it hasn't been ramped to death and jumped up on nothing but hype.
The fundamentals are great here in the medium term and we're more or less debt free - what's not to love!
Good job I never took your advise when I bought in at a penny !
jog on pal and finish the ironing
Hopefully no one got spiked on all the ramping
Significant Production and grade declines ahead. No thanks!
$100 million per annum profit before tax was a dream but it’s actually just become a reality should gold stay at these levels, as a business owner myself, its tax efficient to spend profits as opposed to banking them, on that basis spending on future mining incomes leverages our future incomes and reduces taxation amounts, win win for MTL.
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
Can only buy 1250 shares at 5.7. No MM selling a share only trying to buy big volume . Is market short? These will move up nicely from here.