Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Started: LiqMyAce, Today 09:54
Last post: Overdog, Today 12:17
Agreed. The way this company is churning out money these shares will have paid for themselves within a year. Draw a line under the interest problem and enjoy the high gold price.
Very good news, I'm surprised the price is not up:
1) Somebody made a mistake on the loan agreement and it cost us some money. That's business you pay for your mistakes.
2) We are getting rid of a problematic (some may say crooked) shareholder at a very low price.
3) Existing shareholders get the upside of RHL stock going into treasury.
4) Darren Bowden is freed up to work on our future projects, instead of being tied up in legal wrangling.
Give it 3 months and this should all start showing in the price.
Last post: CarefreeCarry, Today 07:39
Leo - The production fee was negotiated as part of the original Mezzanine debt facility.
The following is from the debt restructuring RNS issued September 2020 - "The Group will no longer be required to pay a 1.3 per cent. gross production fee upon gold production (which is a requirement under the existing mezzanine debt facilities in respect of the period up to 30 September 2022)"
Looks like it should have been paid since September 2022 but now MTL don't have to pay it to RHL anymore unless there is more gold found at Runruno.
I'd be more than happy to pay a production fee to all shareholders once all the gold has been mined at Runruno.
Missed the obvious point, never mind !
The deal is done, what the heck am I supposed to do about it? Wait until we hit the magic number then blow the place up?
Leo how would you avoid paying out on 204 000 ?
Won't be the final time if Runruno production exceeds 204000 Oz. How did he manage to negotiate a production fee? What kind of hold does he have over the BoD? It's starting to look like Stockholm syndrome.
Started: peterpiperpicked, 20 Jun 2024 10:28
Last post: leehardcastle, 20 Jun 2024 10:36
You are correct, we now produce more cash in one year than our market cap, can you think of a better place to be? I can’t, the shareprice is disconnected to that fact.
Candy sourced Darren Bowden’s employment and it’s clear Candy wants to grow the company, after all he is the largest shareholder and benefits the most from future growth and profits.
Just wanted to check I am reading this right we did 33.9 million in April and May with positive cash flow of 18.4 million that means for Q2 we can expect around $50mill with positive cash flow around 27million.
Shares in issue will fall by 20%. That's better than a dividend imo. I'm not upset they're returning cash to shareholders
Company should have been using cash to grow, and grow its net assets.
this big payment and the additional terms is a big backwards step in view
Started: timst, 20 Jun 2024 07:14
Last post: timst, 20 Jun 2024 07:14
"Together with the initial settlement payments announced on 9 May 2024, the settlement payments to the RHL Group and MTL Lux represent 100% of the amount that would be due to MTL Lux and the RHL Group (respectively) under the Company's mezzanine facilities were the rate of 15% (as opposed to 7%) to be applied up to 31 March 2024." At least this should put the sorry episode behind us.
Last post: leehardcastle, 16 Jun 2024 23:45
$2330 average gold price for Q2 so far, just 2 weeks production to tally, this is a huge quarter for MTL, blowing away all previous gold price quarters by literally hundreds of dollars, those letting go in the sub 4p range are mad, I have no other words, this quarter is the one that lets the world know the cash generation here is huge, a massive re-rate will be long overdue, it’s coming.
Here is an interesting article about how The Singapore Bullion Market Association is looking to create an “Asian gold hub”. China spooked gold markets last week and this idea is to create an Internation gold hub in Asia as Asian central banks see a growing need for an official gold reserve centre.
https://www.kitco.com/news/article/2024-06-13/world-gold-council-singapore-bullion-market-association-looking-create
As for the rise in MTL this week, gold is rising again and we seem to have recovered from the interest payments debacle that knocked the SP. Looking forward to the AGM when the board will surely confirm the problem is sorted.
GLA
Started: Mattjos, 13 Jun 2024 23:27
Last post: Mattjos, 13 Jun 2024 23:27
Voted against this individual on the AGM vote ... very poor & well-proven track record of consistently destroying investor shareholder valuation whilst only ever enriching himself. Revolting & costly individual clouding an otherwise terrific investment, imo.
Darren Bowden gets my vote 8 days a week but von Schirnding is bad news and we need to lose him asap.
Started: andysparra, 13 Jun 2024 13:48
Last post: Tygra, 13 Jun 2024 16:19
Yep, with a bit of luck the seller(s) has accomplished what they needed and it's back to being valued according to production and revenue. Keep climbing into Q2 results and we 'could' see another jump.
Onwards and upwards.
Good to see both feet in the 4s again after a few miserable days. Lets hope we've turned a corner now and the drop is over.
Started: Printerman62, 11 Jun 2024 11:11
Last post: Printerman62, 12 Jun 2024 13:52
Thanks
Thanks just what i was looking for fingers crossed then for a bright future I'm looking to hold longtime anyway
Sorry for the typos, did it fast, I'm busy ;-)
Hi Printerman, the company is debt free, makes around 80K ounces of gold per year, Q2 results due in 6 weeks, looking to generate around $25 miilion plus before tax each quarter.
3.5 years of gold left in the cuurent mine (Runruno) and we are purchasingt another gold explorer holding a large plot in June (YMC) to expand reserves and creat mulltiple incomes, all paid for through profits, no Dividend this year on the cards as they want to use the cash to expand first.
Long term holders have huge holdings, I have 7 million shares, some have over 30 million, the best is yet to come and the shareprice is rediculously low.
Hope that helps your decision.
Last post: Smoothbrain, 11 Jun 2024 11:02
As long as we don't start mining one of those asteroids heavily laden with gold it will always have value be it more of less, so we are probably safe as long as the company doesn't do something stupid.
Are only two people in the world who understand Gold, its value and where its price will go. One is in the Bank of England and the other is in the basement of the the Banque de France..... unfortunately they disagree with each other.
Started: nimrod22, 7 Jun 2024 15:52
Last post: leehardcastle, 8 Jun 2024 23:42
If you want to know why gold got hit on Friday, and want to know everything about precious metals, I recommend you watch maneco64 on YouTube
This gentle and wise precious metal investor makes a video per day and is a must watch.
I promise you will be hooked and he gives you assurance and peace of mind with why we have to own either gold and silver (real money) or be invested in the miners.
All paper currency is dying and having your wealth in the banking system is dangerous, I have a fraction of my wealth in the banking system, I’m all in MTL and physical precious metals.
Watch maneco64 I promise you will be glad you did.
“The second hit to gold and silver came on overnight news that China’s central bank did not add to its gold reserves in May. That really spooked the gold market bulls. “China has been buying for 18 months, supporting gold’s record rally to $2,450/oz last month. While China may be slowing, we anticipate ETF demand to return to the fore as U.S. Treasury yields fall, pushing safe-haven investors into bullion,” said broker SP Angel.”
“This is a temporary blip. It is hard to see the Middle East and Ukraine conflicts being resolved any time soon, and US/China tensions remain high. Gold’s fundamentals should improve. The recent $2,450 peak is lower, in real terms, than the 1980 one, which would have been around $3,000 in today’s prices.”
"steep plunge in the precious metal already made on news that the People's Bank of China didn't buy any bullion for its official reserves last month." Ash of BullionVa...
Started: dusterinmong, 6 Jun 2024 20:04
Last post: leehardcastle, 6 Jun 2024 23:43
The recent rise in the shareprice was fair and deserved with the position of the company, offering some an exit point, many on a tidy profit, the pull back is normal consolidation and those exiting now are getting there timing completely wrong, the bottom of the pull back is here already and the next few months will cement a number of things, firstly MTL are generating huge amounts of cash, secondly, gold is only going higher and MTLs profits will accelerate, and thirdly, The Abra tenement is gold rich and Darren Bowden knows that fact already, the drill rig onsite is not an ornament, it’s been used by YMC already, and results of those drill holes already exist, he’s not buying a plot of land blind, he’s offering YMC a share of the profits and the cash required to get the gold out of the ground.
The current shareprice is clearly cheap on any metric, just banking the 3 to 4 years gold profits remaining in Runruno would generate a one off dividend payment 2 to 3 times todays shareprice, but Darren Bowden is clearly confident he can use that cash to bring us multiple incomes, both short term and long term.
Opportunity is knocking and those who have sold out are itching to get back in, when the tide turns the share price will rally well beyond the 5p last seen, and 10p is still my target this year.
Thanks a lot would be good to get some numbers on the cost of moving the plant setting up ECT but it's a few years away but if the market knew it would say cost 30 mill to move set up am sure that a more reasonable valuation could be with us.
Would be somewhat ironic if they purchased a producer with a loan from Candy ?
In the interview given earlier this year it was said that small scale processing can be used in some prospective sites. A processing unit can be purchased for $1m.
The decommissioning and land restoration of the current mine will cost around $5m.
The processing plant and equipment, along with the fleet of mining vehicles will then be transferred to the site in the Abra tenement.
There will not be the same capital outlay for the new mine as there was for the current Runruno mine.
Costings should read
Is the reason the sp lies so low in that the market does not know the coatings off any future mine going forwards
We have or will have lots of cash, but until some figs or a buyout of another mine is known and done maybe it's the reason ?
Started: dusterinmong, 6 Jun 2024 16:17
Last post: dusterinmong, 6 Jun 2024 16:17
Gold moving up nicely today more to the bank for this lot
Ridiculously cheap imho
Last post: jammin86, 6 Jun 2024 12:39
What's subtile lol.
Also, grow up. Not every criticism is "deramping". Is that even a word ffs
Yes ok now your SUBTILE deramping is boring
I guess when you borrow the money, you at least have some third party (the lender) doing due diligence...
Hope you're right
Better to have your own cash to buy than borrow
Let it build up SP will follow this reminds me of Afentra just patience required
for 10p eoy early next imho
Started: giantpeach2, 5 Jun 2024 16:25
Last post: giantpeach2, 5 Jun 2024 16:25
5 June 2024
METALS EXPLORATION PLC
Posting of Annual Report and Notice of AGM
Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer in the Philippines, announces that the Company's Annual Report and Accounts for the year ended 31 December 2023, together with the Notice of the Company's Annual General Meeting ("AGM") and Form of Proxy have been posted to shareholders that have elected to receive documentation in hard copy format and are also available on the Company's website at https://www.metalsexploration.com under the Investors section.
The Company's AGM will be held at the offices of Armstrong Teasdale, 38 - 43 Lincoln's Inn Fields, London WC2A 3PE on Friday 28 June 2024 at 10.30am.
Started: Mikehr1991, 3 Jun 2024 18:11
Last post: andysparra, 5 Jun 2024 15:16
A hunch based on what? Our CEO has repeatedly said no dividends, so there won't be any for the foreseeable.
1 trade at 4p at open and lots if buying today hmmmm!!
'Don't think Mr Candy is selling because he would have to announce it like last time.'
They announce it after the selling has happened when the % thresholds are crossed. Shareholders are always the last to know, that's why we don't get RNS releases saying they are 'about' to sell their shares, we get them after when they already have. Whether it is or isn't Candy, someone has been offloading a large chunk. doesn't matter if you're buying, just makes it easier to pick up cheaper shares.
Debt closure and Q2 results 'should' give this the kick up the jacksy it needs.
All the best
Just a hunch either way it's a 2 bag min tbis year imho
A small divi? Why? Surely they're going to use the cash generated to buy another mine?
I sold nearly all my Gold shares today, so as to lock-in my gains of the last 12 months. The Gold price maybe off its peak, but is still high, just sentiment for miners has come off the boil. Sold HOC, EDV, RSG, MTL, ANTO, WPM, PAF, BMV, CAML, and in the USA AGI, PAAS, & WPM. Maybe a wrong move, but a substantial profit was too much to resist vs potential drift downwards.
Started: leehardcastle, 3 Jun 2024 23:27
Last post: leehardcastle, 3 Jun 2024 23:27
Q2 gold price so far has averaged $2350 over the last 9 weeks, with only 4 weeks to go this quarter looks set to blow Q1s $2069 average into oblivion.
I think the Q2 numbers will be the wake up call for how silly our market cap remains, 1 years profit before tax is greater in value than the company’s market cap, MTL the No1 miner in the Philippines with no debt, producing 80k ounce annual gold at a time of record high gold pricing and the few penny shareprice is still on offer, gold set to go much higher this year and unloved gold producing stocks will gain interest, MTL is the bargain of the lot, the vast cash generation will catch new investor interest in the the next few months.
Needs to break 4.6p and hold for a look at 5p. At the moment , its hovering at 3.9p mark.
I feel once the debt issue interest is resolved then it should be primed.
All IMO of course.
Started: peterpiperpicked, 3 Jun 2024 10:40
Last post: peterpiperpicked, 3 Jun 2024 10:40
Some good news flow coming up, three weeks until Agm - expansion resolutions to be passed, six weeks until Q2 results which should be bumper.
Started: dusterinmong, 28 May 2024 08:40
Last post: dusterinmong, 30 May 2024 11:57
Lots of delayed buys orders been filled up we will prob go now?
$300k a day is being banked every day, 60 days mining tomorrow will have generated $18 million clear, lets say the Candy and Edwards get their way and take $6 of that $18 million, $12 million is banked today and from today $9 million follows every month, that buys what ever we want and sacrificing short term satisfaction with dividend payments that would certainly help the shareprice today is worth sacrificing, Darren Bowden clarified 2024 is about expansion, maximising every $million to buy the best land bank or business on offer in the Philippines, I’m totally onboard with that, some may find that a long term approach not worth waiting for? so they move on, the fall in shareprice creates further selling and panic, but in the back ground MTL are creating and mining and expanding the business, these dips are 100% the right time to take advantage, wait for the tide to turn, which it will as MTL are transforming in 2024 with huge cash generation, aquisitions and company exposure will bring that in abundance with time, just keep your faith, buy the dips and let Darren Bowden take us to better places.
Yes agreed some will stoop so low to get back in cheaper jokers
I would like Darren and co to do a share split 10 for one then keep the penny punters into the long grass for goodgood
Dusterinmong - MTL Lux owned 70% of the debt. Some"fools" are now incorrectly saying that is 70% of shares issued because it suits their narrative.
The two major shareholders now own 62.29% of the shares issued so it would be difficult for them to get an offer accepted.
Accipiter - There were no interest payments of note to them until the debt was rescheduled so how were they dangerous to us back then?
So many talk with a forked tongue here
Candy owners 43% What fool said 70 %??
Significant shareholders
MTL (Luxembourg) Sarl 43.60%
Runruno Holdings Ltd 18.69%
Hargreaves Lansdown 5.70%
Interactive Investors 4.24%
Baker Steel Capital Managers LLP
3.93%
Last updated: 25 April 2024
Last post: dusterinmong, 26 May 2024 08:30
Good time to buy imho very cheap should be 10p to 16p as cash builds up
It isn't the mine life anymore, it is about the transition to new sites within the time frame, as well as acquisition of further targets. All depends on your outlook of the situation.
Darren Bowden clearly states 3 to 4 years remaining in the annual report
It looks like the troll may gone, he/she of the many names and many accounts. I think they caused disruption on other BBs, not just here. If so, good riddance and I hope it doesn't reappear under another guise.
Started: solow, 25 May 2024 08:06
Last post: CuckoldKing, 25 May 2024 08:40
I would say just under 3 years rather than just over 2 based on current year's higher end production forcast. Big difference!! Thats looking of at a cash pile of over $250 million based on current gold price and costs. Not bad for a company currently ridiculously undervalued at least than £100 million.
A question. The last update from MTL gave Depleted Ore Reserves of 0.22 MOz as of Dec 2023. MTL produces around 80,000 oz of gold per year. With 220,000 oz from Dec 2023 remaining, am i correct then in thinking that MTL has just over 2 year of production from today?
Started: dusterinmong, 25 May 2024 06:37
Last post: dusterinmong, 25 May 2024 06:37
Seems overdone would expect a run over 10p this year on forward earnings
Good read in Bloomb..g today as to Gold being the go to place rather than US government bonds after bonds being dominant for a long time. Bonds generate a cashflow as well as being a safe haven; the concern is the massive debt burden that the US and others have.
In my own view on a different tangent, its one of the many issues that China suffers from as well, lots of debt and large holdings of US debt, hence one more reason for them to access physical gold (which they are buying by the tonne). One has to wonder when there will be a reckoning. Meanwhile buy Gold miner shares that tend amplify the rise in Gold price, and one of the go to places i.e. MTL