Member Info for CarefreeCarry

Spaghettihoops - MTL SP is up 33% over last six months and gold price has fallen over the last 6 months. MTL are doing fine whatever the gold price does.

You have repeatedly stated that you have invested £300 and that you have 60,000 shares. Now you are stating that you bought high and are not in profit. Which statement is the truth and which statement is the lie? I doubt that you will answer that.

Spaghettihoops - You are utterly clueless. You say a poor show 6 months into the year and yet MTL SP is up 33% over last 6 months. You say you are more interested in gold price than AGM but MTL has no bearing whatsoever on gold price.

You have invested £300 here for your 60,000 shares so you are sitting on a 320% profit but posting on here moaning about things out of MTL's control. Why?

Davidsmith49a - It's only a loss if you sell.

Olderandwiser - From the Business Review of the latest RNS it states :- "A major undertaking actioned during the year was the peaceful removal of the majority of illegal miners from the Stages 3 and 4 mine plan areas. This programme was largely completed by the year-end however the responsibility for, and process of, removing the remaining small number of illegal miners now rests with the relevant government authorities.



Unfortunately, the Group's access to Stages 3 and 4 did not occur as early as planned due to delays in removing the illegal miners from these areas. As a result the Group was forced to alter its mine plan and develop a new access road into Stages 3 and 4. This new access road runs from the Company's waste area behind the east pit wall across into Stage 3. The Company completed this access road in early Q2 2021. These delays in having suitable access to Stage 3 has affected the 2021 mining schedule resulting in a reduction to the scheduled 2021 head grade, with higher grade material from Stage 3 being pushed into the 2022 mining schedule."

I hope that answers your question of who will move the illegal miners.

As for the role of the illegal miners, they have no role to play in the company.

They thought they were raiding a cannabis farm but is was a bitcoin miner.

I wonder what the name of the company was ;-D

Reapwhatusow - Imagine being an investor back in 1980 and wanting to invest in, for example, an orchard grower. You'd be kicking yourself now if you'd bought shares in Apple.

I can also see how the likes of Google, Amazon, Tesla, Tesco, Shell, etc. have all been held back by their company names not reflecting what they do!!!

They could change it to "I Can't Believe It's Not Wishbone" especially for Spaghettihoops

How will a name change help get the gold out of the ground?

If your due diligence consists of "Does the company have a "catchy" name?" then I would love to see your portfolio :-D

How will a name change hel

Olderandwiser - MTL are currently mining a low grade area in stage 2 which is anticipated to reduce gold production. Planning to mine higher grade material towards the end of the year and into next year.

Olderandwiser - Neither am I but I said I was so that I could access their site. Nobody checks, don't worry.

The 2022H2 should have been 2023H2 as correctly typed and stated in the second paragraph of my reply.

The current debt position of $114.2m, not $110m that you claim that I stated, can be worked out from the most recent results RNS that you can access freely from the MTL website and the London South East website.

As ever DYOR.

Olderandwiser - Current debt $114.2m, not $120m. Broker has calculated 2022H2 for debt free position based on figures posted earlier.

Some taxes have been paid during the tax holiday and FCF are currently trying to recover these taxes through the courts. The broker has calculated 2023H2 to be debt free under the terms of the FTAA using figures posted earlier.

The illegal miners is an ongoing situation that has been pressing slowly overall. The majority have now been removed.

The processing plant is designed to produce 100,000oz of gold annually. 80,000oz/pa is the estimated target.

As ever DYOR or even DSR.

Davethedumplin - From broker's note released yesterday :- "Valuation of GBp3.6per share, which we derive using a US$1,950 gold price, 12% discount rate and an NPV multiple for the Runruno project of 1.0x. With the Runruno operation at steady state, generating solid operating cash flows, in our view the shares are likely to rise further as the market becomes increasingly aware of the Company’s operational turnaround. We continue to believe that MTL shares offer investors exposure to a profitable, cash flow generating asset, with limited operational risk."
The brokers note can be downloaded via the MTL website.

Spaghettihoops - Wishbone are not a mining company. Neither are Greatland.

What happened to you disappearing for 20 months? Just full of rubbish as usual.

The 60000 shares that you bought for £300 are currently worth £1440 and you are moaning and whining. Get a grip of yourself and go and seek help.

Bye Spaghettihoops.

I doubt we'll have to wait 20 months to hear from you again.

Spaghettihoops - News flash . . . . . . . . . Greatland and Wishbone are not mining companies. . . . . . . . What? Really? Yes that's right, they do not mine anything!!!

You have bought shares in MTL . . . . . . . . a mining company. . . . . . I know, all this is making your head hurt right? Well, good news, if you still have your receipt you can take your shares back and say you've made a mistake. I'm 100% positive that you will get back your original investment money.

Anybody who bought many thousands, many, many, many thousands of shares, at the same time that you did, will be well over 100% in profit so they will not be hurting one little bit. They will be looking at their 150% profit over the last 17 months and congratulating themselves because they bought shares in a mining company and knew that they were buying shares in a mining company.

As for questioning the share progress compared to other miners, I have actually compared the share progress to other miners (you know, the type that actually do mine). Do you know what I found? Some miners went up, some miners went down and some, like MTL, just went sideways. Do you know what else I found? In all the miners that I looked at, MTL has a far greater near term potential than all of the other miners that I looked at.

Hey Spaghettihoops, listen, if they won't give you your original investment back, for whatever reason, then let me know and I'll refund you personally and take back the shares that you mistakenly bought. I promise that I'll give them back to Mr Bowden. I'll even throw in a good book on punctuation for you.

Spaghettihoops - Why don't you just sell all your MTL shares and bank your over 100% profit and then buy some shares in the other companies that you keep watching going up and up. Just think how much money you will make by doing that. You will be so much happier. There will be nothing for you to moan and whine about. Your life will be good. Your life will have been changed.

Oh, and don't worry about us that stay here. We will be okay without you. We'll pop by and say hello to you on the other boards, honestly we will. That will make you look really popular to your new friends. It just doesn't make any sense for you to remain invested (allegedly) in a company that isn't doing what you want it to. It can only cause you stress and anxiety and that isn't good for your health.

No Spaghettihoops, sell up and buy some shares in the companies that you want MTL to be like and then you can go and spam those board with your lack of research, comprehension, etc, etc and etc.

reapwhatusow - Congrats on starting a thread that isn't just titled Mtl.

$114.2m

Have some posts been deleted? I haven't seen any scary posts today. Spaghettihoops has further revealed his ineptitude with his rambling posts but not even Donald Trump and his whacko supporters take him seriously.