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Mac19. I am hugely impressed by your commitment to MTL. I have nowhere near your number of shares but plan a top up at or just before the next RNS. All of us LTHs know that MTL will come good soon, very soon I hope. Very best of luck.
Wow, Roy used to be the biggest holder I knew, your on another level, patience will reward, I’m confident
Hey Mac19... Thats some holding. I honestly wish you all the best. You have been around a long time. I hope this comes good for you my friend
Yes Lee, 25m, 1.2% of shares in issue. Either very brave, or somewhat reckless - either way, it makes the coming months and years very interesting!
I have more than doubled my shares since the Q2 results drop as, whilst this could bounce around this bottom for a while, I think (hope) it's only months, possibly weeks or days, before we see some meaningful recovery. As long as the PoG remains steady, and access to phase 3 is not delayed significantly, all the ingredients are in place for this to fly - not guaranteed of course, but highly likely.
Hopefully a meaningful update for Q3 in the next few weeks - we know production will be somewhat lower than Q2, and Q4 lower again, but soon as there is clearer news for phase 3 access, this should be looking very good.
Mac, is that 25M a typo, or have you actually hit 25 million shares?
Thank you Roy and Mac for your input.
As a relatively new investor, time in the market has always been on the top of my agenda, even though i am currently breaking even with MTL.
Any suggestions on the other companies that you feel may have better short term profitability?
Thank you
Definitely a good question Roy.
I am still amazed that this is so low and the potential upside as we (LTH) know is incredible. I suspect that as soon as there is confirmation that the illegal miners are fully evicted and so some certainty that numbers will improve, this will shoot back up again, at least back up to 2p - that's £28k. However, that could be anytime from tomorrow to Christmas day or beyond..... I believe the poor production numbers for Q3 & 4 are already priced in, recovery is not.
For what it's worth, I see this period as an incredible buying time, not selling, but you're right, there's plenty more going on that might be quicker. I now have 25M after some big recent buys and am not going anywhere yet......
4g should read 4M
Hello all,
Still have a 4g holding but wonder if this is the right thing at this time.
So many others, in different fields of interest, are rearing their heads with potential short -term profits.
I may sell a few to explore possible shorter term gains.
I never used to be a day trader but can see the benefit of realising some profit and coming back with more Wonga
My ploy now is "seasonal trading" with a float in the bank to capture potential movers as soon as possible.
I am not leaving the ship - just rationalising.
Roy - Comments on a fag packet please
Churchill 27 - Quarterly update still due by middle of October as per Accipiter's post.
Great to see the numbers, the debts have fallen $14.2 million during a 6 month Covid effected period, with lower grade phase 2 gold, the next 6 months financial numbers will be the last lower grade gold results, still good enough to make a further reduction of the debt, 2022 will be transformational with a vaccinated workforce, flights back to normal, high grade phase 3 and 4 gold, and efficiency improvements in full swing. LTHs can relax, all is well, inflation is not going away as stated by the Fed, it was hopeful thinking on their part, Gold miners have been unloved, for how long? I think they will all swing upwards in the near term, as realisation finally hits home that your wealth is eroding, the gold hedge will be your saviour.
Good - much better than bad news.
Nothing of significance that we didn't already know in the RNS. On site covid Vax programme starts end of the month. Otherwise still waiting for Phase 3 full access Q1 2022. Other than that it's all about how the POG performs so overall risk unchanged for me. Q3 results awaited but as still mining low grade Phase 2 with high AISC will be treading water at best with paying down the debt.
Operating profit of US$14.2 million achieved (H1 2020: US$9.2 million), up 54.3%;
M.C way undervalued. On the way to Sp 2p+ imo
The half year results are due this month, and then Q3 mid to late October.
The first half was good. However, confirmation that access to phase 3&4 had been further delayed pounded the price . With the expected confirmation that illegal miners have now been removed, we should see a nice price correction.
Second half won't be good, but that's already priced in, so good forward looking production from Q1 2022 onwards will just see this bound steadily upwards from here. Good times not far away now.... good luck all, especially us long term holders here....
Middle of October by my reckoning.
Aren’t we due a quarterly update? Tomorrow maybe?