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I think my first MTL shares were bought about 2016 via Share Shop - remember them.? They were bought out by ii (Interactive Investor) so I lost track of the actual date. Through thick and thin I have been here and have no intention of selling.
Mr Candy is probably looking to buy a new yacht with his tiny sell. Him timing is interesting but staying in big time indicates his holding in cash terms will stay the same but more probably increase on Friday's expected news.
GLA for Friday.
You need help
He knows production nosedives ahead
Hey CV. Still here holding just over 3 million. Loving life feeling supremely confident. Everything going to plan with Metals and the recent gold move to over $2300 is an absolute bonus. Holding tight as I have for many years. Looking forward to reaping the rewards. gLa
Good to see he is still here, I wonder how many of us have seen the break through? I see around 20 different posters who you could say have a LTH status, I have been invested 7 years in MTL, who can claim longer, I think Mac must be one of the first here and holds 33 million shares if my memory is correct?
Who can claim longer unbroken investment in MTL?
How's Roy,
Some of the long term holders are very quiet but still lurking in the background.
Hope everyone is well.
CV
People are naturally taking profit and it happens all the time after a sustained rise. Nobody knows the future and any profit banked is a winner on AIM. We have been very lucky to become debt free at a time of record high prices for what we sell, that isn't strategy, it's fortune.
Also, plenty of times results have been released here (and in many other stocks I've held/hold) and the price nosedives over the following days/weeks for no reason. It's to be expected as market makers, traders, and investment groups take positions in stocks and play them up and down.
MTL is now a mature debt free Gold PRODUCER, that is throwing off $millions each month that will be used to buy up more projects and producing assets. Whether it goes up/down or sideways, the balance sheet will speak for itself and the price to earnings ratio will continue to move in our favour as the quarters tick by.
Everyone has their own price point where they will scalp off a profit, mine will arrive at some point too and I'll be selling half my holdings when it does. It's not there yet so I'll keep adding small amounts at every pay day until it does (next week). Let's see how the market reacts to the Q1 update and confirmation of debt freedom, I personally believe it won't move up very much and stay between 5-6p for a while. I hope I'm wrong.
All the best
Based on the timing of previous quarterly updates we are definitely in the range of expecting the RNS - I suspect it's right that some are just taking profits but very shortsighted when you think of the news - debt free, record gold sales. JW's nonsense about depleting grades would only make sense if the true value of what we have was already priced in but it's nowhere near.
Spot on Lee couldn’t have put it better myself. FIAT will continue to be de valued, unlike gold where the supply isn’t endless.
Are we due an update this week?
I’ve just added today’s dip.
Have a great day :)
Probably the temporary drop in POG. Same is happening to HOC and others too. Very short sighted in view of the potential news in a few days time. On the other hand these sellers will be sitting on a good lump of tempting profit from recent months.
Looks like we're seeing the departure of some weak holders who've lost their nerve or perhaps the buy the new crowd - crazy to think how silly people are with their money.
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.