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Still plenty of legs for this to run further higher. Now only waiting for some of the other smaller companies that are also under the radar to rise, such as RSG, SRB, (possibly even KEFI) and the bigger ones EDV, PAF, HOC, WPM . Some gems in the US and Canadian markets e.g. HMY.NYSE and ELD.TO
Best to ignore him/her. Let them talk to themselves, they will eventually get bored and disappear.
He posts on other chats boards and talks utter lies and nonsense, I suspect he shorts shares, please short this one, you would get your deserves.
With so much free cash flow and no dividends, MTL could buy the Philippines!!
A capital raise is less likely than a public pork chop barbecue in Riyadh - it ain’t going to happen!! 😂😂
There is plenty of time to purchase existing mines and develop new sites in the longer term.
JWB so obviously a MM who has been caught short. Every time they rise out comes the doomsayer comments to try to push the price lower. No other reason for him to post. Same on other threads.
JWB does this on other boards as well. Still time to buy JWB you're not late.
A terrific spike up this morning. We know an update is due very soon but is there something else to suddenly generate such interest? This what we have been waiting for.
GLA
Thanks for your concern for my money JWB.
GLA
£100m market cap for a company that won’t have production in three years lol
Every bit of net cash will need to explore and then build a mine.
As I’ve said though, new chairman has a strong rep for raising capital and will dilute everyone soon enough imo
Achieved
Full ask of 5.00p....paid there
He issues shares like confetti, always hands out warrants…. Look at his record at ARCM.
There are major risks here but no one is talking about them
The current asset will see steep production declines ahead besides grades and the life of mine is very short. Mark my words they will try and raise
Just a small tick up and we become a £100 million company. 1/20th of where Darren sees us. From where he has taken us from I believe strongly that he has the ability team and company to achieve this ambition. GLA holders new and old
Nice - just topped up here today and all looking set up well for the next leg!
Late huge trade of £73k from last Thursday just showed up. Looking at the trades around that time it appears to be a buy. Must have taken them a while to fill the order. Upwards we go!
Quite a few companies actually responding to positive RNS releases and going up over 100% in a day. Our Q1 Results RNS in the backdrop of the rising gold price will make for good reading, particularly as it will be accompanied by officially being debt free.
Q2 Results when they are released will be spectacular regarding free cash flow (providing gold stays in and around the current levels or higher), so that 'may' be the time when we get valued more realistically. Abra is such a high pay off for such a low outlay, and the fact that it is already owned in part by people connected to the company means it should be a win win for all involved.
Very happy with these small increases week by week, but being Human, I would LOVE it if we went 'walkies' one day and smashed over 100%.
Happy to hold, won't be top slicing until it does a few bags from here.
All the best
Metals Exploration's PE Ratio (f) is ranked 6th out of 45 companies in the UK Metals & Mining market. After SLP 2.6, FXPO 1.9, ZIOC 3.5, BZT 1.3 and JAY 1.3
The big trades earlier today were sells by me - I needed some cash for a building project. I still have plenty left!
I suppose it is possible that my sells may have temporarily suppressed the price, in which right now is probably not a bad time for anyone thinking of topping up :)
Darren Bowden has it in hand, he will have one or two small scale mining plants set up mining high grade targets within a year or two, he indicated they can produce similar results in cash profit to the large scale low grade mines, for less than $10 million set up costs, I see the Abra tenement being used in that manor first.
He’s indicated he wants multiple incomes.
Topped up today,i know the mine has 4years left but just imagine what the sp could be in 3 years ?
Yes, it is a big shame the life of the mine is only 4 years more now.
Hopefully they can be a ready made producing mine with the cash building now
I've topped up this morning still crazy good value.
78% since my first purchase on 22/12/23, with an average of 39%. Although that may appear quite good, I'm genuinely puzzled as to why the SP hasn't risen faster. Listed as a Super Stock category on stockp.... with a low P/E of 3.8, and qualifies for 7 of the long term screens, which is an unusually high number. Still plenty of Gold available over the next four years. Maybe its just under the radar due to its small size?
Average gold sale price for Q1 was around $2090, that’s over $100 higher than any other quarter, average interest charges of $1 million a month since we started paying down the loan is a thing of the past, so that’s another $1 million a month adding to the war chest, with gold at ever higher record prices, we are in another league today, who knows what we will spin off this year? But I can honestly see $100 million free flow being a possibility, based on $73 million free flow in 2023 at a much lower gold price and paying interest on the loan, $100 million? let’s see.
....and Gold hovering around $2500 to start off the new financial year. On the starting blocks for Tuesday.