Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Its been reported in one of the financial papers that Hedge funds "boosted bullish bets on gold to the highest in four years" as the price of Gold soars.
"Net-long positions in US bullion futures and options surged 13% in the week ended April 2 to the highest since 2020" according to data released on Friday.
Many Gold companies up today along with the record price per oz. SRB 0.72%, RSG 2.98%, HOC 0.6%, EDV 2.28%, CEY 1.44%, a couple down MTL 2.86%, WPM 1.38% (but up in USA listing by 1.26%). Among the US stocks HAR up 3.35% along with many others. Monday should be another rattling good day with its 1 year rolling P/E of just 4.4.
Another cracker has to be SRB with a P/E of 5.9 and rocket like upward momentum.
Eldorado in Canada up 2.3% ELD.TO
The ETF VanEck Junior Gold Miners GDXJ:LSE:USD up 18% in the past month, all bodes well for continuing upward trend, there's plenty of legs to run on the Gold bonanza.....
MMs are all over the place with MTL. Lots of big late trades reported after hours or the next day and mostly buys judging by the price s. Exciting times ahead for us.
Wow
Atm
$2323ā¦.its just going to keep going up because the economics of the world are broken.
It's crashed down to $2318 now. Will I sleep at the weekend with all this to worry about?
New highs $2321
Remeber when gold got "smacked" for.... 12 whole hours? The Oracle strikes again.
Howdy
Just put a dog to sleep and used the meagre proceeds from the loss/sale to snaffle 2516 of these shares. Buy price was 5.09 for reference.
Have a good weekend all, see ya in the new tax year.
Gold $2305
Monday should be a high volume trading day, new tax year starts with a fresh Ā£20k tax free allowance for those wanting a long term tax free investment in MTL.
Thanks Lee.
I went back to the RNS of January 2024 picking out highlights to remind ourselves of what is about to take place under the leadership of Darren Bowden.
Have no doubt. MTL is going places.
āA majority and controlling interest in a highly prospective exploration licence covering 16,200 hectares (40,000 acres) on Luzon, Philippines, in the Cordillera region, a prolific gold belt of proven mineral endowment, having produced over 40Moz of gold historically.
The Abra Tenement includes several drill ready target areas and numerous areas of historical artisanal mining operations.
Initial planned exploration work programmes will include geochemistry, geophysics, mapping and review of historical data, intended to lead to a drill programme which is currently expected to commence during H2 2024. I.E. April 2024. The initial 2024 work programme is intended to commence in the Lacub area, targeting previously identified high-grade gold systems.
A geochemical map of the Abra tenement overlain with sampling data shows five main target areas. Of note in this image, the stars denote copper values in excess of 65ppm. Several significant structural intersection points appear to be centres for higher grade copper anomalies.
Manikbel has the highest intensity copper geochemical signature of all the areas, coinciding with an area of major structural intersection. The underlying geology is similar to Lacub, however, in this case, the mineralisation from historical sampling seems to be predominantly copper with little gold identified to date.Ā Ā Outcrops mapped for over a 2km strike confirmĀ copper values over 15%. It appears to represent a near-surface porphyry system. The prospect is located close to the west coast which has port infrastructure, accessible via national arterial roads.
Area 1 South Central region shows high-grade gold targets, with significant small-scale mining activity. Historical exploration in Area 1 has targeted high-grade gold occurrences over several square kilometers and has identified multiple mineralised vein systems. The area is north of MPSA 141, a mining licence with a gold resource and south of MPSA 144, a mining licence with a copper/gold resource.ā
https://www.lse.co.uk/rns/MTL/acquisition-of-prospective-philippine-exploration-gnts2djln1uzuan.html
Letās be clear:
Gold is at all time highs
MTL is debt free and has been for 2 weeks
MTL is building savings at $1/4 million a day
Darren Bowden stated in Feb 2024 via an interview that we will not dilute or require further loans
4 years Runruno life of mine at 1.29g/t average making up to 80k ounce per annum
$1100 to $1150 dollars per once clear profit at current gold prices.
$90 million free flow cash generation per year at current prices
Abra tenement purchase for $1.6 million to take place in June
Small scale high grade mining plants on the Abra tenement is Darrenās Bowdenās fast route to additional incomes, costs around $10 million up and running in 1 to 2 years
Gold predicted to hit $2500 dollars this year
New Chairman is just that, the Chairman, employed for his mining experience, Darren Bowden runs MTL.
Ā£200 million Market cap would be fair value for MTL in our current financial position.
Ā£2000 million ambition stated by Darren Bowden, stating we are the number 1 mining firm in the Philippines, the āBell of the ballā
Do not let trolls lies spoil your belief in this immaculately run miner, the money is rolling in and will be used to build a multi mine business, with multiple incomes, let this mature, Darren Bowden has proven his credibility.
GLA
Someone just bought a million shares. Obviously clueless LOL
Gold got smacked all the way back to the lows of... yesterday
They hired for a reason, this chairman can raise cash in the markets. But when he does he hands out warrants left, right and centre l. Itās coming here but some
Of you just donāt want to acknowledge it
Some here got spiked unfortunately
Wanted to add to the last post the following point from the latest company RNS:
The mezzanine debt payment on 25 March 2024 brings the total debt (principal and interest) repaid by the Group since September 2020 to US$171.3 million.
Quite extraordinary and testament to the calibre of the management. You will struggle to find other corporate examples like this.
JWB he's a non executive chairman and does not have the power to do what you claim he will do. The CEO is actually Darren Bowden lol. I know he's at Arcm but he is actually a Director and Executive Chairman so able to make the types of decisions you are referring.
The other big difference is that Arcm is an explorer hence the repeated need for rights issues; that is what they do. How do you expect explorers to survive without fund raisings? We are a producer and not only that one that is profitable and spewing out large amounts of cash. Soon to be debt free. No need for a rights issue. Quite the opposite. Lots of options open such as purchasing other mining assets. See the company's announcements for details of their plans and how they plan to use their cash.
I don't think many are paying attention to your posts. I simply wanted to correct your wrong assertions.
Golds itās highest itās ever been looks dead set to hit that 2500 yet another great call by Jennifer Bellamy lol
See you in the morning
Madness buying with this chairman now in
Itās held too, $2303 tonight
And as per the late trades from yesterday, some new investment cash is coming this way. Trades of this size aren't from average PI's on AIM:
03-Apr-24 15:40:14 4.8389 6,300,000 Unknown* 5.20 5.30 304.85k O
Can't wait for Q1 Results, and REALLY can't wait for the revenue we are generating already in Q2 while being debt free.
Have a good evening, see what Friday has in store.
89% owned by insiders and a further 8% owned by institutions, I don't suspect that we will see a big sell off anytime soon tbh
I have reported him/her. Suggest more of us should. A discussion is fine but this person is purely disruptive.