The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Books have flipped was only a matter of time, final results should be out next week
P/E rolling 1 year for AAZ is 5.7 and for MTL 3.8
Comparison with AAZ: production@ AAZ 31820 oz, MTL 85744, market cap AAZ 82 mill, MTL 98 mill... P/E aaz 27, MTL 13..
so Either MTL is under valued by 50% or AAZ over valued by 50%.... its probably somewhere closer to MTL is undervalued by 30% at present and by year end. who knows.
So 85744 oz produced in 2023 at average of $1944/oz. if MTL produce the same amount of gold in 2024 at $2300 /oz thats $30 million more free cash flow plus $8 million on interest they wont be paying, that's nearly $40mill greater cash pile this year... or $110 million total free cash flow for this year, a complete no brainer gift at $120 mill market cap
With this companies cash generation allied with future prospects,it is hard to believe this is less than 14p,in my honest opinion.
Here comes the bounce in the SP
Darien, your under stating the current margin, $1051 AISC and gold at $2366, that £1315 pure profit for every ounce, that’s got be the highest margin in all of history for gold mining, no doubt what so ever.
Gold $2372. against an AISC of $1051 thats $1200 per oz profit on 20,000 per month. or $24 mill free cash flow per month so $additional $4 mill in interest is a drop in the proverbial. this is a cash monster in the making. about £60 mill free cash flow this year,. on a market cap of £100 mill. Thiis drop is a gift
Gold flying
Gold futures at 2380 it’s like Christmas :p
I may have sold some but within my SIPP so Win-Win situation
Roy
25%
This is just so cheap,I have bought in as it is a cash machine at present gold prices.A cash machine that could go on giving,and giving. Too good to miss,in my honest opinion. Very much comparable with SRB,my favourite share. I will keep adding at this s.p.
Some more at 4.277p a 255 discount from recent highs.
Thanks to all the bedwetters :)
The extra interest payments on the repaid debt is an irritant. Nothing more. The rise in the gold price today will cover that by itself in a year (if it is maintained). There is now an unexpected buying opportunity and looking at the trades today plenty are taking advantage of that. The interest payment is not going to be a recurring issue and will soon be forgotten about.
Gold $2372. against an AISC of $1051 thats $1200 per oz profit on 20,000 per month. or $24 mill free cash flow per month so $additional $4 mill in interest is a drop in the proverbial. this is a cash monster in the making. about £60 mill free cash flow this year,. on a market cap of £100 mill. Thiis drop is a gift
Also worth noting as it can get lost in all the frantic activity is that the dispute is over the balance of 7.5% interest. So they are due $3m anyway.
Small change really.
Have bought more again today , gold approaching nearly $2400 again , no brainer here happy days.
Entered yesterday and will continue.The future here is the exploration being financed by present production to open up much larger operations.The exploration part of MTL is being updated (I wonder why?)
Well I can’t resist a bargain, added another 200k, thank you for the massive over reaction, MTL back in silly cheap territory.
Another FACT……we have a minimum of 4 years gold at 1.29g/t average remaining in our current mine.
Our last 2 quarters have produced grades of 1.33g/t average for reference, the last quarter produced 23k ounces, well above the 20k ounce per quarter expectation set by Darren Bowden at the end of 2023.
The Abra tenement will add to those numbers in the next couple of years.
This seems to be an over reaction.
Any dispute is limited to the known amounts it's not like we don't know what the maximum liability is here. The risk in these situations is when you don't know how big the amounts to be paid may be.
It's not in the companies interest to fall out with the big shareholders so the conciliatory approach imo even if they know they are right here.
JWB you were saying the same sort of things about POG and CEY. If you want to be taken seriously you will need to do a bit of research rather than coming out with these superficial statements.
Whilst we worry about the $6 million additional interest, let’s not forget the move in gold from $2000, a milestone that’s been blasted past and holding, that’s literally 5 x more important than the major shareholders greedy tactics, $366 dollars extra per ounce is $30 million additional income on 80k ounces annual production, another number we are set to break as well, so let’s get some perspective.
We are on the ride of our life and we will get bumps in the road, but MTL are in the best position to produce shareholder value and it’s obvious to LTHs who let’s face it hold 90% of the free floating shares, the few day trading are the ones moving the price, MTL are an AIM listed share but it’s not a gamblers investment, it’s a rock solid gold producing company and gold is at all time highs, set to get higher, so it’s business as usual, those who come and go makes no difference to MTLs success.
That’s the reality