George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Apologies this app is so clunky and I have extremely big figures. A contradicting is due to further research and changing circumstances. Really appreciate your Comments!
Sell and move on then? Nobody else cares about your (alleged)strategy
What happened to your capital letters?
Your first post your grammar was spot on. It's almost like a different person has taken over your account.
You have even contradicted yourself on the life of the mine from your first post.
i have watched this share for six months and have a small holding but looking to exit. why?
as you will be aware the philippines are situated between the south china sea and the philippines sea, south east of china and south of tiwan.
so what? the philippines has a close trade relationship with china, like tiwan however,
tension has grown sour over the last several years,
mainly due to small skirmishes over china laying claims to the south china sea. the maritime territories where china has built man-made islands and inserted military and naval bases.
as china pea****s its military might and geopolitical tensions rise between the two countries, as they have with tiwan where china imposed trade sanctions of import & export of goods on tiwan along with covid creating the tsmc worldwide micro chip shortage, which the world is still trying to recover from.
the philippines granted the us military access to its military bases. this has irked the chinese government but has not detered them, boasting they will not let up and have boosted the efforts of its militarisation of the region, the presence of its coastguard and fishing fleets in this exclusive economic zone further adding tension between the two countries.
so what? as mtl has confirmed there is only 2-3 years of decressing gold mining left at the current site and a very ambiguous and ambitious prospect of potential!! mining copper despite predicted high percentage grades in the future requiring completey different mining equipment and techniques, aswell as required increased setup costs and expertise while knowing these materials yield considerable less then the current gold affair is disappointing to say the least!
the ceo in his last talk with crux investor mentions alot about putting cash back into structured growth and creating a war chest. no mention of a dividend payment not even a small sweetener!!
my stance,
so bear with me i'm not suggesting china are chasing mining companies in the philippines but the 2nd and 3rd level effects of geopolitical instability have grave lasting ramifications. especially when the ceo is suggesting spending on small mining plants from china which could or could not be delivered.
gold is great and at an all time high but dwindling on this share and time is ticking, copper is not so great and requires a complete restructure! with an uncertain future in a country where mtl is self proclaimed to be the bell of the ball as far as mining is concerned in the philippines. no one wants to be tied up in a conflict of geopolitical interests or constrained by sanctiones as we have seen in recent years in other countries and reputable mining companies brought to dust!
keep in mind, where there is a positive there is always an negative! stay safe and good luck trading!
New high, and no overhead supply from previous trading to impede upward progress. However, sp, gave up 0.25, from friday new high, and negative divergence , in the RSI(relative strength index), implying possible short term price fall.
MTL, is in an uptrend, confirmed by the RSI, being above 50. A retracement would likely be contained within one standard deviation of volatility. The volatility based bollinger band, on Friday, would place one standard deviation, at 3.82, so a stop level to avoid even number, would be 3.79 or lower. DYOR.
Nimrod22....its a corker, up to date and from the horses mouth.
Lee, that's an excellent interview that you posted below.
"Explained by Darren Bowden in February 2024"
The Q1 results are the most anticipated (by me personally) because of this excellent run in the price of gold. Could very well open up over $2200 per ounce Monday, $2188 atm.
Lots of free cash flow coming and the bank balance will swell rapidly as the debt disappears. I'm 'expecting' another acquisition announcement very soon, that cash will be put to good use I'm sure.
Have a good weekend, Ngannou to shock the world.
Excuse my bad grammar, of course durrent price has no influence on EPS. What I should have said is current EPS multiple is only around 2 or 3 depending on what EPS they declare. Hope that makes sense.
All will come clear when they release the annual report. At the current price the EPS will be somewhere between 1 and 2 cents. I'm thinking a reasonable EPS multiple for a high performing gold miner that throws off cash, has a remaining LOM of 4 years and has plans to develop new ground beyond the 4 years , should be north of 10. So in my opinion sometime after the annual report is released price will be well over 10p. But as always don't rely on my opinion, DYOR
Troll Alert
Gold is at 2175 highest it's ever been in the last five yyears, even beat the covid high of July 2020 of 2072.
So that said, what is the sentiment about the share prioce attached to the gold price and how much futher will it go on its own. If gold falls will the MTL price too?
I read a post somewher that predicted a continued rise in MTL.L to just below 10p but there was no science behinfd it?
Your thoughts?
Hey friend. I'm having trouble finding the price of gold and I remember you used to regularly post the current price . Would it be possible if you would kindly post the price. And then the maths of 4 years production left. My maths is around £200/250 million cash in the bank. Thanks in anticipation of your insightful reply
This is a ramp zone alone
Not sure about the valuation, it will not be shown in the share price until they have some JORC compliant reserve estimates. The high gold grade quick start small gold projects are interesting. But to me more interesting is the 15% near surface long strike copper deposits. This could really be a company maker. Large copper deposits containing above 1% are very rare indeed, so this could become a monster. - Wish you all the best!
Yep, $2166 per ounce means MTL is highly profitable and most importantly, we're actually producing and selling gold during this bull run, not just looking for it witha view to digging it up.
Typical though, I have a few quid clearing in the bank tomorrow and MTL has decided to go on a run again. It's a conspiracy to make ME pay a higher price after a drop. Oh well, I'm sure the RNS saying the debt is history will help soften the blow (providing the market makers actually price it in).
All the best
In August 1976 Gold was $103, and $760 by January 1980. Similar rerate could easily be starting now.
I'm a long term holder and very happy with the recent rerate and the gold price. I hold 3 million shares. Being greedy, wish I obtained more at 2 pence but decided to diversify. But still very happy I have held onto these golden gems.
Does anyone care to put a valuation range on the Abra tenement? I'm sure this will depend on the drilling results but any guesses on how much gold there might be. I dont know the size of the mining area and very little detail on this area.
Darren Bowdens recent video was very professional and I am sure investors have jumped on the MTL bandwagon when they heard how much he wishes to grow the company, and with good reason.
This valuation is ludicrous with gold above $2k let alone fast approaching $2150 per ounce. Look at GGP (not to start an argument before anyone who holds GGP pipes up with 'my mine is better than your mine etc', it's merely a comparison), they have some exploration acreage in the vicinity of their current main asset, Haveiron. They only own 30% of it and their majority partner (Newmont), have openly stated they want to sell it and the processing plant close to it (Telfer).
Haveiron is still being drilled and proven up, it still needs hundreds of millions of dollars to turn into a workable mine, and the company who have the keys to the door don't want to develop it and have slapped a For Sale sign outside. That leaves GGP with 30% of a mine they have zero control over, and if they want to throw their hat in the ring and purchase the other 70% and the processing plant, they will need hundreds of millions in debt/equity finance to do so.
They are currently valued at circa £340 million with zero income, massive overheads and pro-rata drilling/exploration costs, and a joint venture partner who doesn't want build the mine and prefers to sell it. Haveiron 'could' be a great multi year mine in time, but right now it is years away from production. GGP was recently 'valued' at over £1 billion with nothing but a minority slice in Haveiron.
MTL is barely over £75 million with a producing mine and new exploration areas coming into the fold imminently. It's clear there's a disparity between what constitutes 'value' and how 'value' is priced by the market makers. It'll wake up at some point, I don't have many shares here but I expect at least a five fold return during 2024 (hopefully more).
Happy to hold and add
Gold over $2140 , Q1 numbers will be very interesting
Article by Lex re Gold in the FT today
Https://www.cruxinvestor.com/posts/metals-exploration-aimmtl-acquisitive-cash-generative-gold-junior-4935
Explained by Darren Bowden in February 2024
Morning
$2126 for one once of gold on the spot market. This company is in mature production with a well understood working mine that has approximately 4 years of production left.
What goes up must come down (and then go back up again), that's the price you pay when holding AIM shares that suddenly become visible to market makers and institutional investors. They simply hedge their positions and play it up and down ensuring they profit either way.
This isn't an explorer looking for a strike upon which to begin financing an expensive mine construction. It's a producer throwing off cash while eyeing up additional assets in the same country where they already have first mover advantage.
Drops in the price are to be expected, take advantage if you can and when the results speak for themselves, the market won't be able to ignore MTL much longer.
All the best
It's hilarious, every time we used to get a doom and gloom warning about gold dropping it was always a little bit higher than the last time, look where that is now. Now we have the same thing with the share price. Every time they grace us with their presence and bestow upon us their wisdom about mine life the share price is always a bit higher than the last time. I think they might actually be jinxing things in our favour. Perhaps they could predict some lottery numbers next.
JWBellamy aka JAdams aka
Jennifer is a regular troll on this board. Always good for a laugh.