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Legin252
I couldn’t have put it better myself. Some people just haven’t got a clue. Today’s RNS is a game changer going forward. Check out twitter and see the derampers working overtime. I remember them all out on NCYT when it was up 200%.......look where it is now! LOL. Some of them haven’t a clue. The demand for MTL stock will be massive come Monday when people have done some proper research over the weekend following today’s RNS.
Sanlorenzo,
When you put on posts that you are trying to educate a few of the clowns on here, it might be prudent to not give the appearance of being one yourself.
Whilst I appreciate that doing research and trying to understand a stock can be time consuming, it is also essential to appreciate what you are investing in.
The restructuring of the finances has taken nearly 12 months to complete, they are complex, but have secured the future solvency of the business.
In addition, within the terms of the finance agreement allowances have been included for the provision of fluctuations in gold prices. An extract is below:
"The end result places the Company in a financial position where its debt burden does not jeopardise its future solvency. Both the Company and the Lenders will share the upside and downside risks of gold price and operational performance fluctuations. Having completed this process management's immediate focus will be on dealing with the ongoing impact of the COVID-19 pandemic and on ramping operational performance at Runruno back to pre-pandemic levels."
It is safe to say that the financial restructuring is robust, and when people realise and understand the detail they will conclude that this is a very secure business, with very good fixed interest rates on debt, with secure plans for paying down over the coming years.
Please restrain from belittling people on this board, particularly when you clearly do not have much understanding, as the only person that ends up looking like a clown is you.
GLA
DYOR
@sanlorenzo Why would this stock be affected by a Biden victory as it's not listed on the US stock market and mines in the Phillipines? Also, if the Democrats are against mining in general where will they get the silver for their solar panels / electric panels for the green revolution?
We dont need to be educated ...... going under... please just move along
Sleep well
I have no doubt that the price of gold should be much higher as time rolls on and I accept a few of the sensible comments below. However, let us consider a Biden whitewash next week which, according to some intelligent writers, is a possibility ! If you are unaware of what his plans are for the PM miners I suggest you check it out as that could be the first of many BIG problems for MTL. Regardless of who wins next week POG should head north as SHOULD the miners but if you are a longer term investor I suggest you Google " Ryan Giannotto" and listen to the warning that he put out on a Kitco interview yesterday. I am not a deramper, I am just trying to educate a few of the clowns on this BB and possibly save them from going under.
go up ......
Sanlarenso most forecasters are forecasting gold prices are going to go and the debt is on a fixed rate so I interest movements are irrelevant. There's a few of us here that see this as a very good long term investment and not a punt.
Have a nice day
Good chance Gold retraces but also many intelligent people think Gold is heading for $3000 + MTL would be rolling in cash if that where to happen.
Good nite boyo
Anyone who is not at all concerned with the debt is a FOOL ! How long will POG stay above $2000 just look at the previous cycles. How long will interest rates stay so low and what if production is halted for any lengthy period ? The previous 2 comments were out of order, totally unnecessary and show a degree of ignorance and immaturity. I bought into this Company yesterday with money I can afford to lose, that is not investing it is pure speculation. Good luck to those who do know something about debt and the ability to repay it; I quote from another source ; "MTL's interest payments on its debt are not well covered by EBIT (0.6x coverage).
Leave the board please
The debt was just restructured and $4 mill paid off it. Why do you think that is? Because they believe the money will be paid back. Now get back under your bridge you troll.
$132m debt....not to be ignored.