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$2377, another record
And the price of gold this evening has crashed to $2362. Oh Dear!
He/she doesn't affect the SP in any way.
Nonsense posts over last two months while SP has risen over 150%.
Hey, if anyone wants to listen to JWBellamy feel free. I was hoping to get a little more topping up in at a lower price.
With gold on a multi year breakout and Bowden on a mission to turn this into a billion dollar mining company this looks dead set to hit 10p this year, so far he has delivered on everything he said he would - looking forward to the results in a weeks time or so.
More buys over 5.72p.
JBell:
"needing to replacing rapidly diminishing reserves,",
"You are now taking the biggest of bets."
Bol locks.
MTL have 4 years of sustained production at Runruno with no debt to pay.
MTL will also be drilling holes in the Abra tenement, one of the most prolific gold belts in the Philippines, with proven endowment, over 40Moz of gold produced historically.
The drill programme expected to commence during H2 2024 on Abra.
The strategic decisions taken and management of the company are strong reasons to hold.
Being an actual producer of Gold at a time like this is a lucky position to be in. I was just happy for it to stay above $2k per ounce in 2024, the fact that as of last night we were getting over $2400 per ounce means the rolling average for this year (so far) is WAY above expectations.
The profit currently being generated (and not used to pay off debt) makes this an absolute steal at these prices. GGP is valued at over 3 x MTL with ZERO production and 30% of an unbuilt mine that the 70% owner is currently selling because they don't want to bring it to production.
Q1 Results will be here by the end of this month, then we have the EGM for the vote on the Abra Tenement, and then the Q2 results will be with us. Outside of any new M&A RNS releases, the next few will have a lot of £ signs in them.
Lots of large buying lately, it seems others are happy with progress too.
Fundamentals are fundamentals are so is valuation
Mtl is basically needing to replacing rapidly diminishing reserves, production life. That won’t come cheap… you need to find and build. Every bit of cash goes to that and there’s no certainties. You are now taking the biggest of bets.
Do not get spiked by the rampers on here
In Gold price of $2,408.74 this evening, should provide an entertaining dat tomorrow.
Like it was last Thursday when you advised Fres holders to wear tin hats in the morning lol, you really are a source of continued amusement your like one of those bad fortune tellers who gets everything round the wrong way, sell when you should be buying, short when you should be long if anyone ever listened to you they would be bankrupt, in a matter of days.
Another timely POG update. Last time gold got "smacked" to $2276. Please do tell us where it's currently at.
Nosediving by all of $4.50 at present. Nice try.
Production has peaked, someone needs to do some more work
Oh and gold is now nosediving after cpi
Welcome Wattlepond. You have clearly done your homework in joining MTL at a this very exhilarating time. You will know that an update is due in the next week or two, news that should give our investment another boost. This board is very instructive and helpful but look out for trolls who appear in different guises from time to time and try to talk MTL down.
I've been in and topping up Since Nov 23. Holding for the long term. I'm Loving the energy of the COE 'DB' and the controlling interest in YMC. Its future exploration of the large Abra tenement with its drill ready target area as part of the deal. MTL have forethought the next 4 years and the stratigic close down of the current site and are planning for the next 10-15 years. Exciting times ahead!
DYOR!! A very common acronym on share chat boards Lee.
The newly invested will have already completed their research before making their wise decision to invest in MTL. Not, therefore, the type of person to sell up based on the unverified, hysterical babbling of nonsense pushers.
Anyone just looking in will likely have found out about MTL from conducting their own research and are possibly looking for links to further golden nuggets (pun intended) of information.
Nobody makes investment decisions for their hard earned money based on what a random, unknown person posts on a chat board.
Hands up all those people who would invest money based purely on the post of a random, unknown person on a chat board.
See, even the people in straightjackets at the back of the room aren't crazy enough to put their hands up.
When it comes to making investment decisions my choices are based on the following level of importance :-
99.9999% - my own research
0.00009999% - what my cat tells me
0.000000001% - posts on chat boards.
I often ignore my cat. I mean, what does he know?
The report has the headline figure grabbing figure correct, but the rest of the report is utterly out of date, high debt, shrinking incomes etc, imagine how it will read half way through 2024.
Cash in the Bank £20 million, zero finance, Abra Tenement aquisition completed, Initial drilling results are? now that will be a report worth reading.
I think Roy sold out around Christmas time when a number of biggish sells appeared. It would be a shaame if he missed out on this :
One for the trolls.
March 2024.
“A 15% return this week takes Metals Exploration's (LON:MTL) shareholders five-year gains to 645%”
https://finance.yahoo.com/news/15-return-week-takes-metals-060834037.html
That made me laugh carefree, long term holders know the truth, newly invested or those looking in are effected though, but Nesmoor is correct, chat boards where they bicker turn me off and I spend 5 mind reading and move on.
On another subject, Roy? where are you? I'ts been a while since he posted, not a young man so his silence has me wondering, was a massive holder here, I hope he's still with us in both meanings.
Being invested in a steady state producing mining company can be quite boring.
Watching the share price climb from 0.5p to 5.8p over a four year period is, quite frankly, dull.
Reading RNS's every quarter showing debt being paid down at phenomenal rates is practically yawn inducing.
Reading future RNS's every quarter showing that cash in the bank is increasing at the rate of £20m each quarter and adding 1p to the SP each quarter is going to be like counting sheep, you'll be asleep in no time.
We need some fun. These idiots are just what we need. We can laugh at them. Poke fun at them. Highlighting their nonsense gives us the chance to prove just how well MTL is doing.
We might not understand their level of stupid but we should appreciate their determination to maintain that level.
Not one person invested in MTL will be affected by anything these clowns say. They don't affect the SP in any way whatsoever. The only people they can influence are the gullible and stupid. Those type of people will not have had the intelligence to invest in MTL in the first place.
So embrace the nonsense.
Trolls bring it on.
I understand the urge to respond to their lies so they don't mislead new and potential investors which is why I suggested one rebuttal post a day. I have never been as relaxed with an investment as I'm with MTL which is my largest holding. Upwards we go and we put our trust in Darren.
You’re right Nesmore, it’s difficult if they post lies to not respond, looks like he’s removed the post already, so it’s not totally wasted time.
Must say the 95% who post here offer great insight and I for one love the community formed here, of which has and will keep us well informed on our fantastic investment opportunity, so much to look forward to and have never been so relaxed as I am now holding MTL.
People need to stop engaging these trolls and they will get bored and disappear. Perhaps, one response a day to to show new investors their lies and that's it. We don't want this board to turn into another ARCM board. I never visit that board anymore although I'm invested due to this JWB person and other trolls who infest it. It was all enabled by genuine investors responding to every post they make. Be careful not to fall into that trap.
Facts are wasted on trolls who can't even spell "MILLION" properly.