Member Info for accipiter

Shares bought at midday.

I broached this idea some weeks ago without effect, not that I expected any input from HEX themselves . Maybe they are happy to keep a low profile for now? This week must surely give an update. I bought more this morning.

Significant shareholders No of shares Voting %

Nick Candy* 653,000,000 22.31%

Drachs Investments No 3 Limited 600,000,000 20.50%

Darren Bowden 199,309,250 6.81%

I just bought at 14.35. It would be rude to not do so. Temporary blips we expect.

The geopolitics have not helped my South American shares today but I topped up here at under 30p. Montana is a very safe jurisdiction.

Https://x.com/MTLexploration/status/2008101087266349061

If anything, the US actions in Venezuela strengthen the case for Nic gold and MTL. Unlike the Dems it shows that this USA administration will no longer accept rogue countries on their doorstep and that if necessary it will intervene to protect the interests of business and the majority of the population.

Bo and the team have had a week or more Xmas and New Year break as he implied they would. The news we await might land Monday or Tuesday. If so a "buy" is ready and my finger on the mouse to make it happen.

BP will bounce on the back of Exxon and Chevron. Buy BP and metals.

That could be the deal. Trump gets South America. Putin gets Ukraine and China gets Taiwan.?

Thanks again Manlord.

Past experience with the vagaries of MTL's Share Price has shown that it often has a mind of it's own and hardly ever follow the market or even other miners. We on here are such keen investors , many of us LTHs with lots of skin in the game that we naturally keep a close eye on MTL fortunes. All agreed I think that 2026 will be the first of our better than average years while knowing that our patience will be tested again in the next 12 months.

GLA. Happy New Year.

Thanks Nomad. New and valuable info to me and probably many others.

Lee. Yes. I was looking at the number of shares. Either way I'll do me.

I see those trades at nearer 5 million buys.

Weather looking OK

https://weather.com/weather/tenday/l/Chester+MT?canonicalCityId=2cb28b9900d2114f682eb8e7a5c98a0d3651372fa773cab4cc34e4d518726a6e

Metals Exploration

Q4 expectations

We expect production of 16.9koz for Q4, with revenues of US$69m, EBITDA of US$47m,

and NPAT of US$25.6m. We also expect an update on progress in Nicaragua with the

development of the La India project. Management has guided for production at Runruno

of 65koz-70koz following the impact of November’s a typhoon on infrastructure. We

expect full year production of 67koz at an AISC of US$1,306/oz.

Focus for 2026

For 2026, we expect production of 76koz at an AISC of US$1,140/oz from Runruno with

first production from the La India project in Nicaragua before the end of the year.

Exploration results should also be released from the Dupax polymetallic project in the

Philippines that, with plant modifications, could extend operations at Runruno.

Valuation

Our DCF-based SOTP valuation is GBp34/share, based on 1x NAV for Runruno and 0.75x

for La India. Our previous valuation was GBp25/share with the difference due to our

updated gold price assumptions.

Thanks Pj. It all makes more sense if we ignore the noise and concentrate on the fact that MTL is producing gold rather than paper.

PJ70. What are you reading please?

But the savings of 6bn should feed back into the bottom line of profits and ergo dividends.