Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Brian Thanks for engaging. I appreciate your views and opinions. My concerns are not with the price of gold or global instability, its regional instability, with a world economic super power that causes my concern. Potential imposed economic sanctions that attempt to coerce the state into conforming or changing its behaviour by disrupting its economic exchanges. This in turn affects the performance of the whole economic environment of a country not just mining. Which has been seen recently with Taiwan as previously mentioned. This tied with a very ambitious uncertain future and little sign of dividend leave me challenging this share as I'm not a day trader or shorter.
Stay safe and good luck trading!
Good evening Bryn2503, Thanks for your great insight and your optimistic ability to speak for all other traders on this forum. Unfortunately sometime the truth hurts and you have definitely convinced me to hold or buy!
i have watched this share for six months and have a small holding but looking to exit. why?
as you will be aware the philippines are situated between the south china sea and the philippines sea, south east of china and south of tiwan.
so what? the philippines has a close trade relationship with china, like tiwan however,
tension has grown sour over the last several years,
mainly due to small skirmishes over china laying claims to the south china sea. the maritime territories where china has built man-made islands and inserted military and naval bases.
as china pea****s its military might and geopolitical tensions rise between the two countries, as they have with tiwan where china imposed trade sanctions of import & export of goods on tiwan along with covid creating the tsmc worldwide micro chip shortage, which the world is still trying to recover from.
the philippines granted the us military access to its military bases. this has irked the chinese government but has not detered them, boasting they will not let up and have boosted the efforts of its militarisation of the region, the presence of its coastguard and fishing fleets in this exclusive economic zone further adding tension between the two countries.
so what? as mtl has confirmed there is only 2-3 years of decressing gold mining left at the current site and a very ambiguous and ambitious prospect of potential!! mining copper despite predicted high percentage grades in the future requiring completey different mining equipment and techniques, aswell as required increased setup costs and expertise while knowing these materials yield considerable less then the current gold affair is disappointing to say the least!
the ceo in his last talk with crux investor mentions alot about putting cash back into structured growth and creating a war chest. no mention of a dividend payment not even a small sweetener!!
my stance,
so bear with me i'm not suggesting china are chasing mining companies in the philippines but the 2nd and 3rd level effects of geopolitical instability have grave lasting ramifications. especially when the ceo is suggesting spending on small mining plants from china which could or could not be delivered.
gold is great and at an all time high but dwindling on this share and time is ticking, copper is not so great and requires a complete restructure! with an uncertain future in a country where mtl is self proclaimed to be the bell of the ball as far as mining is concerned in the philippines. no one wants to be tied up in a conflict of geopolitical interests or constrained by sanctiones as we have seen in recent years in other countries and reputable mining companies brought to dust!
keep in mind, where there is a positive there is always an negative! stay safe and good luck trading!
Good Afternoon to All,
I'm relatively new to this platform but have a small holding of 370,000. looking to post, share ideas, communicate with like minded individuals and get inspiration.
A great interview with MTL's CEO Darren Bowden by IG. [LINK REMOVED]
He gave a great insight into the planned future for the company. The key points to take away, which coincide with the 12 Jan 24 announcement.
1. The acquisition of Yamang Mineral Corp Group (YMC) who hold the exploration tenement Abra or EXPA-000129 a highly prospective exploration licence which cover 16,200 Hectares and for those like myself who struggle to comprehend this land mass its equivalent to 62.54 square miles.
2. The plan is to get stuck into this plot in the later half of this year which already has a "drill ready" target area. Where the aim is to develop a high-grade gold production project as soon as possible. This location is only 124 miles away from the Runruno project. Short term making it easy to access and transport raw material for processing before the redistribution of equipment and resources.
3. The Company is in the best position its ever been in. Exceeding all predicted targets and on track to be debt free by May. which another great gold production year predicted. "which have previously been exceeded". Great result from the last report show the company had generated $73 million in free cash flow. Running cost have been well managed and expenses reduced with the focus been on efficiency.
4. The CEO confirmed in the interview the wind down of the Rumruno project will not commence for another 4 years which is an extension on the previously believed life span of 3 years. This is another amazing revile and with the YMC acquisition will aid in the seamless transition from one project to another whilst maintaining profitability.
These are my own takeaways but would love to here your own thoughts, opinions or comments.