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Punched up to a $2223 peak. Tomorrow should be a blinder. Its a bit of a puzzle as to why Gold should be on a run now and not during the last two years when there were plenty of reasons.
Gold has just hit new highs, Q1 numbers are going to be bloody amazing, minimum $100 dollars higher than the last quarter.
Gold heading to new highs, I’m amazed at anyone selling at the moment, crazy, short sighted, but I couldn’t resist the bargain opportunity and took another 100k and 1 share for fun, think I’m on a buying spree again.
6.3 million and 1 share and counting.
Suggest you read my post properly before disparaging it.
Like all chart voodoo nonsense, it appears your chart was upside down. But it doesn't matter anyway, as the saying goes,
"I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer."
Think I'll stick to how much gold we produce and what we receive for selling it. Seems logical to me.
All the best
We have a nice Flag pattern on the daily confirmed with volume (bullish). I prefer fundamentals to technicals but I like the technicals to be with me too.
Harris, you are entitled to an opinion, but when your investment in MTL has grown 400% and you have never posted before, your 1st post in 5 years happens to be negative, you make a post on your fears about a Chairman, who hasn’t had success, but from your posts you know how hard it is to make an AIM company successful, 90% go to the wall, and it’s usually a casino style investment.
MTL trades on AIM but you must agree it’s in another league at this point in time, it’s jam today, not the jam tomorrow plays you and I have been involved in the past, so I get defensive about those who troll, those who cast doubt to get a cheaper entry into MTL, I and many long term holders have been proven right to hold and be patient, you with your 400% gains included, but please don’t put fear into those wondering to cash out just as the going is getting good, the real gains are in view, and it’s because of Darren Bowden and his team, their judgement has been flawless and I have no reason to believe it’s flawed now, we know nothing about his reasoning, but I have a view you don’t have a huge pool of skilled mining brains to hire at will, those running highly successful operations are not looking to move, those with skills in a company that’s not as good as the one looking to hire them are the ones available, but the Chairman is not the CEO, and so its business as usual and the Chairman has to add to value or he will be out with his P45, because the previous CEO to Darren Bowden was shown the door for underperformance, thank fully, exciting months ahead and I want all those involved today to be part of that journey, it’s that simple
Never be so blinkered Lee that you can’t see another side of an argument. No one is infallible. This board is a general chat board and people are entitled to an opinion. It’s ridiculous that unless you say it’s going to the moon you are classed as a deramper. I’ve been invested here since 0.9p so doing ok in it at the moment. These two last moves by the company I’m seeing amber flags - and they do not seem like share price friendly news.
Harris, the fact you have never posted in 5 years about any of the companies you mentioned earlier tells me you have never invested, including MTL.
In 5 years of my posting it should tell you I know this company like the back of my hand, I have seen 5p to 0.5p and back to nearly 5p but always increased my holdings.
We are debt free in just a matter of weeks, we generate enough cash in 1 week to buy the Abra tenement, that’s a fact, Darren Bowden owns shares in the company, and has acquired many more for keeping the shareprice low, but now is our time to shout from the roof tops, because now is the time we generate free flow cash that allows us to purchase what we want, without either share dilution or loans, we have 4 years income nailed on, $300 million before tax, and that in any book is a huge amount, we have mining awards and a proven track record, we have Darren Bowden at the helm, we have record high gold and we have a clear ambition to have multiple assets, multiple incomes and a 2 billion market cap ambition, if we was valued fairly on this years income of $70 to $80 million before tax we would have a market cap of 5 times our current one, and it’s clear that’s where we will end up soon enough, get your self invested and I would respect your thoughts much more.
Leehardcastle you don’t know what I have invested in. I’m aware of the ups and downs of this company. I’ve read your posts for about 5 years and on the whole they are generally solid. Now, the idea that DB has been promoting the company would indicate they are trying to raise money. The appointment of a chairman who has not historically helped his companies share price indicates to me that this is not MTLs priority. Unapologetically, I’m here to make a money.
"less than impressive track record"
Yes, PJM, that is certainly one very polite way to refering to NvS and his (lack of) achievements over the years.
Oh, that's not a complete picture, actually, now that I think about it - he HAS managed to enrich himself rather nicely over those years!
Does seem like an odd appointment given less than impressive track record with other mining companies….the mind boggles
I have looked into ARCM this morning, you can’t blame the failings of a company on one man, it’s the nature of mining that 90% go to the wall, and we nearly went he same way, it takes an exceptional CEO to run the ship and Darren Bowden has proven himself to be the man who turned us around, I’m sure that will not change because of the Chairman, he will be under scrutiny in his appointment, and Darren Bowden will know whether he fits the role or not, so it’s business as usual as far as we are concerned, if you can’t see the massive opportunity in front of you with MTL, that hasn’t put a foot wrong in 4 years, and choose not to invest because of the new chairman, then that’s up to you, but my money follows Darren Bowden and his decisions.
Leehardcastle - I would suggest you research three companies with which NvS has been involved: Arc Minerals (where he and his board pay themselves nearly a million a year in order to preside over a shareprice crash from 8p to 1p and where they've just done a discounted placing with warrants to keep funding their gravy train), then I would look at Orosur Mining where he sits on the BOD and you can see the value destruction there. Finally his only really serious appointment over at Bumi (which, despite being the largest company at which he ever held such a senior role, is not even mentioned, I wonder why) and read the comments of the largest shareholder, Nat Rothschild, who helped to get him booted out of the company! Will have my fingers crossed for you, but am sorry to say that not touching with a ten foot pole anything NvS is involved with has helped prevent me from losing about 90% of the money I would've invested in the companies concerned when I did my research!
Harris, your not invested in MTL, ARC or ARS and your heart sank, thank you letting us know
My heart sank when I read about the new chairman. Looked at his previous performance at ARC and ARS and the time he’s been there the share price. On the face of it this does not look good for PIs. Time will tell.
DiamondGeazer, I think you need the luck invested in ARCM, you should swop your holdings for MTL, I've looked at the financials as a matter of interest and I wouldnt invest, its a dream company, its a slim chance of monatising its assets, where as MTL are about to grow its assets, no debt, no share dilution, just rapid cash generation and the journey is just about to get exciting, you have the fortunate timing to look into our comanies strenghts and decide for yourself, we are massivly undervalued, but as the cash flys in, we will react accordingly.
You can’t blame the chairman of ARC for the fact it produces no revenue, it’s like 90% of all companies, jam tomorrow, in the mean time the company releases new shares to raise funds to survive long enough to realise the potential, MTL are past all that and Darren Bowden drives the company, it’s the reason I’m so heavily invested in MTL because ARCs financial pain is typical of that kind of business, I could mention many I have been part of in the last 25 years that never realise any real financial revenue, long shots.
We are simply in another universe, Cash generation of $70 to $80 million per annum is a dream for explorers, but it’s a reality for us.
All this new Chairman needs to do is stay out of Darren's way. I'm sure Candy views Darren as the driving force behind this company and Darren's decisions should be final.
I am a long suffering shareholder of Arc Minerals, of which NvS is so-called Executive Chairman, which is appallingly run and in effect, a gravy train for the BoD, so I thought I would share some of our experience..
John Meyer is one of the most respected mining analysts in the City, and a doyen of small cap mining companies. he did an interview recently including commenting on about NvS and the Board of Arc, on sharepickers.com. I would recommend you go to 11 mins and 39 seconds and hear what he has to say. Unfortunately, he hits the nail right on the head. https://audioboom.com/posts/8474024-john-meyer-on-copper-lithium-atlantic-lithium-savannah-res-cornish-metals-jangada-mines-ar
I wish you luck; you're going to need it.
His performance at ARC (just look over on the chat board) has been atrocious. It's very easy to gain 'experience' when you are firmly in the revolving door Brigade. As a Chairman he won't be very much involved with the day to day running of the company, particularly seeing as though he's sitting in First Class on the AIM Gravy Train with multiple 'part time' extremely well remunerated Directorships/Chairmanships.
The only positive thing from that RNS is that for his free shares to be exercisable, the VWAP in the 30 days prior needs to be over 143% higher than on the day of his appointment. So if you are holding shares today, they will be nigh on 1.5 times higher when our new Chairman is able to cash in his first batch of free shares.
It's nothing but a revolving door at the top of these companies, success/failure, matters not, they will simply be 'recycled' into another company if and when they choose. Doesn't really matter to me who the Chairman is, it's Darren who holds the tiller so MTL is a good place to be while he does. I'll give the new fella time to see if he brings any connections that are helpful to MTL. Let's just hope we predominantly stick to GOLD and don't go off looking at dirt piles in Africa with 'potential'.
All the best
Before getting too excited, I respectfully suggest you check in on the ARCM board, and view the comments of it's shareholders in respect of NHS.
@Lee
Thanks for clarifying, I thought that the deal had gone through fully rather than awaiting further agreement in June. Still, I would hope getting more plots agreed now would be best if mine life in Runruno is not predicted to last, though stages 4 and 5 may still yield potential as well as additional site purchases.
I see this as a share to sit on for as long as gold has value to people if all goes to plan.
As we thought, this appointment confirms MTL is aiming high.
Good to see we have acquired a new chairman of such high quality, any one had experience of the companies Mr von Schirnding has worked for?
He seems highly experienced.