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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.
$2394
$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