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Sounding a bit mentally unhinged there Jennifer not long before you start answering your own posts
Thas said, company economics better than ever. This is just a big distraction.
Let's get drilling at the new prospect and get some gold figures rolling in
I'm beginning to question the sell at the end of april as highly suspicious. Imo They knew the loan position at that time and should have waited for the rns on the loan interest clarification before selling.
It does seem all a bit staged....too much coincidence
Is it just me or does the timing all seem a bit staged, if i was MTL lux /RHL and wanted to make a bid for the company bearing in mind the forecast revenue for the next 4 years what would you do, sell a small fraction of your holding but enough to trigger a notification in the hope of spooking the market and pushing the sp lower - this didn't have the desired affect and only dipped for a short period and then rebounded higher, try again this time bringing doubt into the management from some small insignificant residual of a loan agreement which has had considerably more affect - just my thoughts dyor.
Comparing CEY & MTL is not apples with apples. Market cap of CEY is 15 times higher than that of MTL, though of interest on a Stockpedi* comparison between the two shares CEY wins 21 of 38 comparison metrics and MTL 18.
Still holding on but basically at my average now after buying in the high 5s last week. Dissaponting to be honest as Im usually keen to take profits. I really don’t see the big deal regarding the debt, easily covered and won’t make a dent. If we get break below 3.3 I’d be more worried. I’m sure we will see this a an excellent buying opportunity looking back. Good luck all
Yeah my point was its not as straightforward comparing CEY and MTL based on annual production and AISC only. Miners are harder to compare as they don't have an infinite runway of gold to mine.
Ever heard of YMCP
Re Jammin 86
The life of mine is a known thing and at the moment we can only really value the mine based on a 4 year mine life and the revenue that will accrue from that. However with the current gold price, production capacity and costs, a very rough figure would be 10p per share. On top of that we have potential which to be very prudent could be valued at 0p. That would still give a fair value of 10p though.
They done the exact same things a couple of weeks ago to shake out weak holders and then it rebounded up 25%. All the dissenting voices today know that which is why there was a concerted effort first thing to deramp foll the d by the buys.
Every heard of LIFE OF MINE? Lol
All those buys and it doesnt budge. bunch of crooked MMs... wonder why its been dragged down, some shinnanigans afoot
All those 'unknown' trades are buys, about £250k of them naughty MMs
Just compare 1st qtr numbers to CEY... gold sold 92 k oz revenue $191 mill aisc $1500/oz market cap £1.4 billion on a P/E of 20. MTL, gold sold 21k oz,revenue $44 mill aisc $1051/oz market cap £82 mill, so about a quarter of the production and gold sales at a much better margin, but a market cap 17 times smaller than CEY. now maybe CEY is over pried by 30% I dont know, but even on those metrics, this is a gift
It makes no difference day to day it only matters when you sell. I'm planning on holding for another 2 years and 10p as a minimum. Bought in at 0.5p 6 years ago and topped up ever since. Have 3.7m at present and topped up several times over the last couple of weeks.
I agree lee. I bought more this morning, the results will hopefully mention the start of dividend payments now that the debt is cleared annd they atrre stashing cashh away at $25 million a qtr. hoping for a 0.25p for year gone and ongoing 0.25p per qtr onwards.that would onlyy cost $20 mill a year.
I am buying and have nearly 7 million to be clear, day to day doesn't worry me as I have said, the cream always floats to the top and I no interest in selling a single share till we are in diuble digits, so I just wait patiently and add on any dips, this being just another, debt free and spinning $325k per day will do all the work for us, sellers sell and buyers buy, it makes no difference to the end results or the future of MTL for me, this dip is just caused by a large seller, once cleared the price will be pushed higher for those in any doubt what to do, patience is all thats required.
Who are the traders? Lol. I'm not sure anything is obvious, tbh. Results were good, but shares are down about 35% from ATHs!
Quite obvious this board has become infested with traders which is the only thing at play… just remember the names
Its possible to sell when calm. in fact, its encouraged :)
I’m calm you’re the one fleeing for the hills LOL
There must be some force at work pushing the SP down. Possibly Mr Candy reducing his holding which I personally would welcome. Maybe though it's just small shareholders getting the jitters. The share price drops a little, they panic and sell and that drives further falls. I cannot foresee any nasty surprises when the results come out so will just sit it out. Shares rarely rise in a straight line.
As for Miss Bellamy, on here she bangs on about how the gold price is collapsing and it's all going to turn bad. On the other bulletin board that she is trying to ramp, the exact opposite, celebrates every tick upwards in the gold price. Bizarre.
JohnBriggs, calm down mate.
MinorMinor was lying about me. Simple as that. Nothing to do with negative speculation.
Just calm down and enjoy the day
Well done. Some crazy panicking going on here. 4kandles one day asking others to report a poster for claiming he was spreading negative speculation and then the next day pretty much confirming it and the fact he’s sold out.
Remember the names!
It should bounce when this debt issue is sorted and out of the way. That's the only reason I took a small slice at 3.7p. Can't imagine the results will make much difference because it's historic reporting. Q2 will be a stellar set of results (barring any unexpected downtime at the mine), so with a bit of luck, it will go back up (and through) 6p where it should already be but for this debt saga.
All the best