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Company was breaking even at 14000 ounces per quarter production when gold price was 1300, at that time production was not cinsistent and technical issues were holding production down.A lot has changed since then and right now we are looking at 18/20 k ounces per quarter and that could be increased to 25k. This extra 5/6k ounces can bring extra 4/5 millions per quarter but not only this gold price has also risen to 1900 .Right now interest is taking up big chunk of revenue but despite this company is generating significant cash . New management has turned things around as in the beginning production was lingering along 10/11 k ounces per quarter and it has nearly doubled it.Capacity is 25 k ounces per quarter and company would want to expand this in future as now it has money. In my opinion it can pay off debt in 2/3 years.
Thanks to all for the responses, seems this could be a long term investment with plenty more exploration yet to do. The finance side is a little worrying - even though they have paid a large sum off this year, and have cash available to progress the exploration, the debt may still hold this down for many years to come. Certainly one to watch.
Ian09; The price of gold (TPOG) is up nearly 50% since 2016; that alone is a significant change. Depending on what you read or who you listen to there could also be a significant increase in TPOG over the next year or so !No doubt this company is still a high risk because of the debt burden it carries but if TPOG stays around present levels or higher the company should survive.
https://www.metalsexploration.com/runruno.html
The deposit is located within a large alkaline volcanic complex, approximately 3.5 kilometres in diameter, of which less than 15% has been effectively explored presenting substantial exploration upside.
Much more potential here than with a mining company still at the planning stage with potentially huge dilution, Huge funding requirements and the chance it never even happens. MTL is a working mine, production as we speak. Long term a 2p share price will be laughed at I’m sure of that...hence why I’m invested..DYOR of course
We may need some driver to move share forward as they have washed there linen and we have the numbers but I guess it’s about what’s happening going forward not what was and what is I just get a bit sad when I look again at GGP but maybe I should stop that as it’s a non comparison I’m told
Managed to get in on Monday, and back out of this with a very small profit yesterday as it was dropping. Don't understand the hype myself, SP hasn't been up to 5p since end of 2016, and can't see the minor changes bringing much difference to where it is - or am i missing something?
I suppose we should be sort of happy we are trading at least as it had been bleak for a long time obviously no one is keen for this now to be walked backwards seems gold is in a range bracket right now somewhat will be the calalist for forward movement ....directors buys.... or will it now be 4th quarter results which is some ways away..a buy out god knows
Noticed how the ramping or here and twitter has suddenly dropped and the SP is not moving. Typical pump and dump. I am underwater from being into the hype.
Drop overdone and pi’s taking position now.
I personally wasn’t able to add to my holdings on relist as money is needed for bills etc being a pensioner and all never mind I intend to stay with it and see how it unfolds
Spag. I put all my spare cash in on Monday and Tuesday. Have to wait now until pension day unless you can lend me a few bob.
Have we hit the prevbial wall ......I suppose th big initial gains were to be expected now the hard work begins what will be the driver .... gold is Stalling markets are worried US elections Covid worries .....oh well maybe have to pull back from my 50p at Xmas
...but also remember the price of gold has and may continue to take a hit against a strengthening dollar and COVID-related market uncertainty...however... it could soon rally against QE and can follow a strong dollar and once POTUS election is over. Take care not to put all your golden eggs in one basket. MTL has great potential but investors need to diversify to spread the risk. Very happy for this to go low and slow for now... build up to realise the potential without further crazy spikes.
newbie tool - Did you even try buying on close/ so you would know.......did you get some at 2.30.
not her to make you listenn, but fella longs who are buying cheap gold etc. Read rns about 72% increase in gold production (£32M) with only half of machines/process working?? when in full operation it will be double that - that was hint in the RNS on future production levels Q4 and beyond. he! he!
never buy cheap gold, buy something else. In case you get rich, and we don;t want that....duh
Who listens to this tool he can’t even spell
Nice buys...hey
(yesterday) 3.16 1,000,000 Buy* 2.30 2.50 31.60k
(close today) 28-Oct-20 16:27:58 2.49 354,292 Buy 8,822
(buy also before price jumped after NT to buy) 28-Oct-20 16:24:10 2.39 416,736 9,960
very good close at 2.49 last trade. Open above and go tomorrow. Today was nice shake out - not expected - but ms know how to shake'em/ take out stops/ good time to do it mind you).
Poor day all in the markets .
However I did do two top ups today .
First one at 2.20 had to go NT to get em. Immediately the MMS moved the ask up 5 percent. Took over half an hour to fill.
Second one 2.35 area again NT and along time to fill.
So they maybe had a few down at these levels , however not much , or they was so desperate to full orders they was reluctant to sell to me in a disorderly fashion.
In fact they have been trying to not create a market most of the day and that's what they are supposed to be doing .
So very soon they will show their hand and these prices be long gone .
SB
A word from the recently enlightened,
The rampers derampers are in a seperate ball game to us - it is their job - they either make money or lose it.
They are actually not out to get at us at all - they are trying (against each other) to make a living.
We - on the other hand (LTH) are just sitting gracefully on the side lines, I recommend that you embace their banter and thank god that you, at least, have not any competition to fight against - only the deliberation of confidence to assimilate.
Roy
magmanis49,yes good time ahead mate.the rerate has to happen here,hoping for sp to reach 7-8p and back down to around 5p,before another rise around 10p area.all imo but setting up nicely as we can see.
Gl mate.
magsood7 - well done for holding on here. shaping up nicely
Agreed montyboz.
Mms playing blinder here,or just grabbing some shares from impatience. This will go much much higher.
100mil mcap will at 4.5p. I think we should have atleast 150-200mil mcap which is between 7.5p to 10p!!
Just buy and hold,this will be very good investment with minimum risk.
It is just waiting game here,when mms take this much higher leaving many sideliners out and kicking themselves. Just hold and you will be rewarded.dyor.
Mcap= 60mil(converting in usd)
Debt= 130mil.
Revenue= 30mil per quarter= 120mil.
Cost per oz= 800usd.
Profit per oz= 1100usd.
Profit= 16000*1100= 17600000.per quarter app.
Total profit=70,000000!!
Really confused!!
Gold producer with 70mil profit per year with only 60mil mcap????
i guess they not getting 2p....they might try tomorrow....
buy/ hold tight.
NT to buy
However you can sell.
Hold