The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Think we may consolidate around 54/55p for a few weeks now, then move up further towards results week.
Results next week should show a nett profit of around £25 mill putting MTL on a P/E of around 4, this is very low for an expanding pure gold miner in this price environment.. I will also be looking at the forward projections of how much they expect to produce for the rest of this year and the development of the new mine. this are the key metrics for the share price to move up, anything around 80k ozs for the year at current $2300 would be awesome. $180,000,000 income, free cash flow of $90,000,000, nett prfit before tax of $65,000,000 , will put MTL on a forward P/E of 2. yes 2. that looks like an opportunity. just wonder iif Candy may see this as an opportunity to take it private as he has so much clout here he could vote this through easily... if he put a sensible price on it.
Comparison with AAZ: production@ AAZ 31820 oz, MTL 85744, market cap AAZ 82 mill, MTL 98 mill... P/E aaz 27, MTL 13..
so Either MTL is under valued by 50% or AAZ over valued by 50%.... its probably somewhere closer to MTL is undervalued by 30% at present and by year end. who knows.
So 85744 oz produced in 2023 at average of $1944/oz. if MTL produce the same amount of gold in 2024 at $2300 /oz thats $30 million more free cash flow plus $8 million on interest they wont be paying, that's nearly $40mill greater cash pile this year... or $110 million total free cash flow for this year, a complete no brainer gift at $120 mill market cap
Gold $2372. against an AISC of $1051 thats $1200 per oz profit on 20,000 per month. or $24 mill free cash flow per month so $additional $4 mill in interest is a drop in the proverbial. this is a cash monster in the making. about £60 mill free cash flow this year,. on a market cap of £100 mill. Thiis drop is a gift
Gold flying
BP will be taken over this year, nailed on..
Gold $2372. against an AISC of $1051 thats $1200 per oz profit on 20,000 per month. or $24 mill free cash flow per month so $additional $4 mill in interest is a drop in the proverbial. this is a cash monster in the making. about £60 mill free cash flow this year,. on a market cap of £100 mill. Thiis drop is a gift
Read the RNS. noo doubt you have a short
Listened to the webcast, very impressive
What is the brokers target price then
Bought more
Marked down and yet the buys are huge, so many unknown trades are buys and so many buys showing as sells. . this shoudl be moving back up soon
L2 loaded. move up coming. solid as a rock
None of which is out of the ground and may never happpen
Rmember 3 pm presentation
Loads of unknown trades are buys. one is mine
'get back to mining gold'?? dont think they stopped mining...
Its worth remembering that debt at end of 1st qtr 2023 was $69 mill... its now gone.. so $ 4 mill is a drop in the ocean in the bigger scheme of things, this is a cash monster in the making . markket cap just dropped $12 mill for this $4mill charge, just bought more
Jeezus. the negativity arppund the divi. I mean its terrible only having a 10% return to shareholders iin the qtr.... they are accelerating drill, so more production and more revenue earlier, I dont care about the capex, its what you do when expanding a business and out of free cash flow which BTW is up by 80% on last qtr.. give you head a wobble people