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Market cap is now £80m
Company still is net debt
With grade declines, ounces lower this year and beyond you will be lucky to grow cash that would fund another cash generating asset. Holders here are dreaming and also ramping as they know this…
Production results normally 2/3 week after quarter end. So almost certainly after new tax year
Does anyone know if the Q1 results will be before or after the new tax year please?
Brian Thanks for engaging. I appreciate your views and opinions. My concerns are not with the price of gold or global instability, its regional instability, with a world economic super power that causes my concern. Potential imposed economic sanctions that attempt to coerce the state into conforming or changing its behaviour by disrupting its economic exchanges. This in turn affects the performance of the whole economic environment of a country not just mining. Which has been seen recently with Taiwan as previously mentioned. This tied with a very ambitious uncertain future and little sign of dividend leave me challenging this share as I'm not a day trader or shorter.
Stay safe and good luck trading!
Nice post smooth rain tbh though not sure why anyone is taking any notice of what Jennifer Bellamy is saying what’s that the fourth nickname in six months look at his post history almost 1000 posts in less than three months he’s like a serial lurker he was saying the same thing when the sp was 1.5 and how gold was about to fall off a cliff and he’ll be saying the same thing when the sp hits 10p albeit with a different username.
Increased global instability increases the price of gold. Higher rates of persisting inflation tend to push up to the price of gold. So more profit is likely inbound in the near to middle future. If you want to exit Chris, please go ahead. If the SP drops, we will all add a little more to our holdings.
As for JWBellamy, your argument is basically that the share price is going to go up even with less gold left in the mine? Predicted mining output from remainder is already significantly above current SP and total value of the company. Even an exit dividend for the company at current remain values and calculations exceeds current share price.
Then not considering stage 4 and 5 of current site, new site, new resources to mine - the end isn't imminent. I also think that they will purchase a series of further plots in the next 1-2 years. I admit nothing but my gut for this, but looking at local nearby mines and sites, valuations available and their output make them easy takeover targets. I said this before, and then soon afterwards they declared their first additional land purchase for quite little relative to current output.
As all pacific ring deposits, the local geology is ssimilar to Runruno, and some containing alkaline basins similar to where MTL started which is a good source of volcanic deposited mineral with higher concentrations.
Then we have Darren, who has transformed with both direction and efficiency, based in expertise. Strong leadership is key to all of this, and is now reflected in good work force and local community engagement, as well as mine productivity and safety. This reflects well in government, and likely means that any further licenses and business expansion should not be difficult to achieve. So upwards seems to be the direction of travel for me, as most variables accounted for.
I am actually struggling to see a downside to a share holder for any of these, and I would appreciate an actual breakdown to summarise your concerns other than "mine short life afraid".
Mine life is very short here and the best ounces and volumes were extracted last year
The valuation now has risen to a level where those that actually need to exit can. They will be ramping whilst selling to the ignorant
The risks are now greater than the rewards at this valuation
Good evening Bryn2503, Thanks for your great insight and your optimistic ability to speak for all other traders on this forum. Unfortunately sometime the truth hurts and you have definitely convinced me to hold or buy!
Apologies this app is so clunky and I have extremely big figures. A contradicting is due to further research and changing circumstances. Really appreciate your Comments!
Sell and move on then? Nobody else cares about your (alleged)strategy
What happened to your capital letters?
Your first post your grammar was spot on. It's almost like a different person has taken over your account.
You have even contradicted yourself on the life of the mine from your first post.
i have watched this share for six months and have a small holding but looking to exit. why?
as you will be aware the philippines are situated between the south china sea and the philippines sea, south east of china and south of tiwan.
so what? the philippines has a close trade relationship with china, like tiwan however,
tension has grown sour over the last several years,
mainly due to small skirmishes over china laying claims to the south china sea. the maritime territories where china has built man-made islands and inserted military and naval bases.
as china pea****s its military might and geopolitical tensions rise between the two countries, as they have with tiwan where china imposed trade sanctions of import & export of goods on tiwan along with covid creating the tsmc worldwide micro chip shortage, which the world is still trying to recover from.
the philippines granted the us military access to its military bases. this has irked the chinese government but has not detered them, boasting they will not let up and have boosted the efforts of its militarisation of the region, the presence of its coastguard and fishing fleets in this exclusive economic zone further adding tension between the two countries.
so what? as mtl has confirmed there is only 2-3 years of decressing gold mining left at the current site and a very ambiguous and ambitious prospect of potential!! mining copper despite predicted high percentage grades in the future requiring completey different mining equipment and techniques, aswell as required increased setup costs and expertise while knowing these materials yield considerable less then the current gold affair is disappointing to say the least!
the ceo in his last talk with crux investor mentions alot about putting cash back into structured growth and creating a war chest. no mention of a dividend payment not even a small sweetener!!
my stance,
so bear with me i'm not suggesting china are chasing mining companies in the philippines but the 2nd and 3rd level effects of geopolitical instability have grave lasting ramifications. especially when the ceo is suggesting spending on small mining plants from china which could or could not be delivered.
gold is great and at an all time high but dwindling on this share and time is ticking, copper is not so great and requires a complete restructure! with an uncertain future in a country where mtl is self proclaimed to be the bell of the ball as far as mining is concerned in the philippines. no one wants to be tied up in a conflict of geopolitical interests or constrained by sanctiones as we have seen in recent years in other countries and reputable mining companies brought to dust!
keep in mind, where there is a positive there is always an negative! stay safe and good luck trading!
New high, and no overhead supply from previous trading to impede upward progress. However, sp, gave up 0.25, from friday new high, and negative divergence , in the RSI(relative strength index), implying possible short term price fall.
MTL, is in an uptrend, confirmed by the RSI, being above 50. A retracement would likely be contained within one standard deviation of volatility. The volatility based bollinger band, on Friday, would place one standard deviation, at 3.82, so a stop level to avoid even number, would be 3.79 or lower. DYOR.
Nimrod22....its a corker, up to date and from the horses mouth.
Lee, that's an excellent interview that you posted below.
"Explained by Darren Bowden in February 2024"
The Q1 results are the most anticipated (by me personally) because of this excellent run in the price of gold. Could very well open up over $2200 per ounce Monday, $2188 atm.
Lots of free cash flow coming and the bank balance will swell rapidly as the debt disappears. I'm 'expecting' another acquisition announcement very soon, that cash will be put to good use I'm sure.
Have a good weekend, Ngannou to shock the world.
Excuse my bad grammar, of course durrent price has no influence on EPS. What I should have said is current EPS multiple is only around 2 or 3 depending on what EPS they declare. Hope that makes sense.
All will come clear when they release the annual report. At the current price the EPS will be somewhere between 1 and 2 cents. I'm thinking a reasonable EPS multiple for a high performing gold miner that throws off cash, has a remaining LOM of 4 years and has plans to develop new ground beyond the 4 years , should be north of 10. So in my opinion sometime after the annual report is released price will be well over 10p. But as always don't rely on my opinion, DYOR
Troll Alert
Gold is at 2175 highest it's ever been in the last five yyears, even beat the covid high of July 2020 of 2072.
So that said, what is the sentiment about the share prioce attached to the gold price and how much futher will it go on its own. If gold falls will the MTL price too?
I read a post somewher that predicted a continued rise in MTL.L to just below 10p but there was no science behinfd it?
Your thoughts?
Hey friend. I'm having trouble finding the price of gold and I remember you used to regularly post the current price . Would it be possible if you would kindly post the price. And then the maths of 4 years production left. My maths is around £200/250 million cash in the bank. Thanks in anticipation of your insightful reply
This is a ramp zone alone
Not sure about the valuation, it will not be shown in the share price until they have some JORC compliant reserve estimates. The high gold grade quick start small gold projects are interesting. But to me more interesting is the 15% near surface long strike copper deposits. This could really be a company maker. Large copper deposits containing above 1% are very rare indeed, so this could become a monster. - Wish you all the best!
Yep, $2166 per ounce means MTL is highly profitable and most importantly, we're actually producing and selling gold during this bull run, not just looking for it witha view to digging it up.
Typical though, I have a few quid clearing in the bank tomorrow and MTL has decided to go on a run again. It's a conspiracy to make ME pay a higher price after a drop. Oh well, I'm sure the RNS saying the debt is history will help soften the blow (providing the market makers actually price it in).
All the best
In August 1976 Gold was $103, and $760 by January 1980. Similar rerate could easily be starting now.