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$1350 profit per ounce…..come on now
Gold price smashes through 2400. I mistimed my top up here a couple days ago (at about 4.2p). Oh well!
Another 500 mill sharres shoowing as unknown which are buys. this is being manipulated big time
All this discussion and wondering what’s happening.
How about if all the loans are paid we will have to start paying Philippines tax’s.
I personally think all the directors who have been issued 6 million shares as wages know what’s around the corner and double digits will arrive soon.
I’ve been in MTL for a very long time and have every confidence in Mr Bowden.’
We all have an opinion about our big share holders and I think personally they have no interest in buying MTL outright.
CV
Know what you're getting at and it's Aim. But we don't know if it's not written. There must be a contract for the loan there always is. Loan companies insist on these agreements.
It just seems to me that the company is trying to avoid a costly protracted dispute. No one wants a court debt claim. At the same time it's looking after shareholder money. It could easily have just paid them off as some posters were suggesting.
Deramp*. Bloody autocorrect!
Same management that recently admitted to not getting the terms of their loan agreement in writing... I'm not trying to derma, just pointing out facts. This is AIM, you need to be very skeptical of management and not give them too much credit - the market certainly isn't. It's a tale as old as time that management destroy shareholder value chasing overly ambitious dreams.
Yes that's always a risk.
But the company should be judged on such matters as the impressive turnaround, production levels and debt clearing. That's testament to management quality.
Exploring is not a costly process. So the risks are low as the free cash flow will be surplus to requirements in this respect. If there is gold to mine the mine will be built and the risk of raising funds and progressing is removed as you see so often with other companies.
Building a mine doesn't need to cost that much now - see the low cost mines being built by the likes of Mineral Alamos etc.
Untested management, yes the risks are higher.
On AIM there is always the risk that management misuses profits... There is a tendency to use the free cash flow for further projects, and those carry risk. It's not as though the plan is to wind the company up and return the money to shareholders, right?
Chartists often talk about Fibonacci pull backs. Even though this was still undervalued when it was over 5p the 5 year chart looked spikey even though the fundamentals supported the share price.
I guess we have had the pullback and the spikey chart has been corrected and the share can start it's ascent again.
Just to cheer some of you up
Well the current market cap of our debt free mining company is £76 million or 10 months gold profits at current prices, if you can’t see how undervalued that make us maybe those selling shouldn’t be buying shares?
"that's what's happening big time".
Well, not really. Total volumes today are about 5m - less than £200k. That's not large volume.
At the end of the day in around 8/9 weeks time Q2 numbers will be released and this drop will be a distant memory
Smart people are not selling after a 45% fall. Lol. If you were smart you would have sold nearer to 6p, not at 3.6p a few weeks later. It's dumb money selling now
Contrary to JWBellamy, the CEO Darren Bowden has said in an interview from accurate drilling that the reserves for the next year are proven at 1.40g/t to 1.20g/t averaging 1.29g/t
That’s 4 years and a few months reserves as of Feb 2024.
At $1335 dollars clear profit per ounce it’s a cash generating monster, patience
Except short attacks happen all the time, easy with small cap, and often looks like a step ladder as it triggers at various stages. Almost identical to yesterday which is again suspect.
Even with concerns you have listed, every single dollar of gold sold now is profit. Add to that it is highly unlikely you are here for a sense of civic duty given, so why so invested JW? Shorting?
News is good news
Cause it’s not. Prices drop because of selling and that’s happening big time. Why? Few don’t like new chairman, the legal stuff, the new deal including warrants, the declining production and grade outlook, the very short mine life, the rapid move that happened.
As I said, those that don’t mind their profits evaporating are holding whilst the smart are exiting and not taking the risks
This is hitting stop losses on those who are trading, LTHs do just that, hold long term, they don’t have stop losses in place, the recent rise to 5p plus is natural growth, and now it’s consolidating, it’s natural movement and AAZ followed this path from 4p to 173p in a zig zag, all on lower production and lower gold prices, so be patient, automatic stop losses will lose your opportunity to ride this fantastic gold producer to real success, better news on the horizon and the market maker will spring the shareprice back up, that how he makes a market, and that’s how he makes his margin.
The facts are MTL are in the best shape ever, 4 years gold proven at 1.29g/t average provides us around $400 to $500 million clear flow cash over that period at current gold prices, the LTHs including myself are here from dark days and held tight, expanded our holdings and have waited for this position, debt free at a time of historical high gold prices, I hope those selling are not panicking as the market maker is driving this lower on a bump in the road and will bring it back up when he has enough cheap shares, I’m not effected personally because I just hold and increase with dips, those dips created by this manipulation, so don’t fall for it and take the same opportunity, as MTLs future is rock solid from here, the share price does not always reflect that fact. Hold tight and let this bump pass by, they always do
I personally think this is an intentional effort to push down share price, which then triggers stop losses (like mine) and then it tanks further.
Pushing a company with no mining capacity and no capital generation vs a company with a guaranteed generation and return is hilarious, and that you contradict yourself on different platforms means you are someone not to be trusted. Shame this board doesn't allow us to block toxic participants.
I’m sorry but those on here are saying they are buying are actually selling
When you’ve been buying at 1p you don’t just let your profits evaporate!
As I said, makes me laugh when people keep saying they’re adding but never sell anyone. As if they’ve got an endless wallet of cash!!!
Production and grade declines on the horizon but so many of you choosing to be in denial
Miss Bellamy
On this BB you fill your knickers every time the gold price moves down a little. On the other board that you contribute too you get over excited every time the gold price moves up by the same amount. What gives?