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Marshall Wace Llp 0.58% -0.11% 26 Nov 2024

Is this just the anticipated Xmas bounce or more besides?

Metals Exploration (MTL), a gold producer in the Philippines, provides an operational update on activities at its Runruno Project. FY2024 gold production is expected to exceed the Company’s 2024 upper guidance target of 80,000 oz, with forecast annual production of 82,500 oz. MTL said it was  delighted to share that it expects to be exceeding both its 2024 upper guidance target for production of 80,000 oz, and its AISC lower guidance of US$1,175 per oz. Gold production for FY2024 is forecast to be 82,500 oz, at a lower AISC guidance of $1,125, a testament to the strong performance at Runruno that has been maintained over the past year.

Comment: MTL has been a great example of a steady ship, both in terms of its share price trend, and the production. Given the current gold price trajectory, one would expect the extended rally for the stock to continue and build on the 130% gain YTD.

https://www.share-talk.com/rns-hotlist-with-zak-mir-wcap-mka-egt-gscu-rmr-ecr-hum-mtl-ajax-kav/

And now in the Philippines it is 🌞 summer.

More "unknown" big buys posted late in the day. This has been going on now for a week or more. I think there is another buyer out there looking for a big chunk of MTL.

Gold now at $2710. The way to go.

GLA

Thanks PP.

At 10.29 there was an “unknown” trade of 850,000 shares at £708,000 at SP of 83.40. Is this an unwinding of a short or something else? Excuse my ignorance.

I thought that too. A number of solid buys there. What's happened to the Aussie? Anyone know?

Lots of copper in Abra

https://www.mining.com/web/soaring-demand-for-copper-will-help-drive-mergers-bhp-ceo-says/

The US update could drop any day now. Ducks all in a row for a stonking SP by Christmas. Keep the faith all.

I have noticed that since the number of shares dropped to 1.73 billion the SP seems to move up or down quicker . Something to bear in mind for those looking to time their entry into the good news coming soon. That 30 grand buy is another indicator that there is someone out there who’s done their research .

Thanks Adam. We should get news of the US partner any day. I traded down again today for the Christmas lift.

Jobs and money coming their way. So much negativity in the world.

Stach. I wish you luck that.

A couple of investments are currently shorted and hence seemingly "stuck" when there's no obvious reason they couldn't rise. You may find this link useful. It was an eye opener for me.

https://www.investopedia.com/articles/stocks/09/short-selling-ban.asp#:~:text=Short%20selling%20is%20a%20trading,Dutch%20Republic%20in%20the%201600s.

The Trump Effect

Shares not £s.

Another £1.5 million after close. There are continued buys bigger than the average punter. The Monaco Team? No reason for todays drop.

GLA.

Https://x.com/MTLexploration/status/1852291003853492259?t=A3q6zAeYJmDu5EDfDF7VUQ&s=19

I like the sound of the PR. Very experinced.

https://www.blytheray.com/people/tim-blythe/?origin=serp_auto

Stach and Datron. Great discussion. You both make good, sensible and encouraging remarks. CARD has held up well since the ex-divi date and I am sticking to my plan to stock up because of their upcoming busy spell so I bought a few more this morning.

The budget was bad for all retail but when I go in my local CARD shops, they appear to operate on small staff levels albeit queues at this time of year just like most other shops. This has been oversold and will recover soon, up slightly as I type.