Member Info for ElectricLion

Most of the Royal family's assets don't belong to those individuals - they're effectively in a trust, of sorts, as I understand it. The King can't decide to sell Buckingham Palace to some Yank, for example! I'm sure they have some personal assets, which I imagine will be covered by the same laws as the rest of us, though I'm also sure they can afford the best lawyers and financial advisers!

Aye, most of the sector up today. HOC, FRES, GGP, KEFI, etc. A welcome move, but not an MTL-specific one. Gold up 2% at $4600/oz and silver up nearly 7% at $85/oz at time of writing!

Https://www.youtube.com/watch?v=jSlnd1bMqbM&t=7s

La India (and other satellite deposits) are high-grade. 3.1 g/t sound achievable to me.

Agreed Chilliboots. Those upset at the discussion today must not get out much! It's not perfect, but this is probably the best board I've ever been on for on-topic, rational and respectful debate. Ironically, those who would have others self-censor themselves into silence or meaningless "it'll be fine" platitudes actually end up making the board worse, not better.

Just to provide a bit of perspective from the ex-CNR holders viewpoint... there were also local protests gainst the La India mine in Nic. Some environmental organisations jumped on the bandwagon and made things worse (I recall they described CNR as a "mining behemoth", in an attempt to gain sympathy for their cause, and I remember thinking - "if only"!).

They were eventually smoothed over, but the company lost a lot of time over it, which ended up contributing to the management's failure to finance the La India mine. Furthermore, management weren't forthcoming about the situation (in fact I don't think they mentioned it at all, until much later), so it was left up to BB detectives to track down relevant news articles and so forth.

Thus, this situation has an unpleasant whiff of deju vu to it. It seems that we do have the authorities on-side, but I certainly agree that MTL management need to provide some clarity on the situation and set expectations accordingly. It also bears repeating that there are always risks in mining.

Firstly you are assuming that all of the placing shares will be sold, which may not be the case. Indeed, I'd hope it won't be.

Secondly, as far as I know, there's not really any way to tell how much of the volume are buys and how much are sells, never mind whether the sells were from the placing or from normal trading. The largest trades are more likely to be placing shares, but I don't think you can be certain.

Sorry I can't be more helpful, but I don't think you can tell unfortunately. I would say that there is more weight on the sell side than the buy side right now, with the placing shares contributing to a suppressed share price, and that when that weight is removed, I'd expect a modest SP improvement as a result, perhaps back to the 1.5p area, assuming no further news. That may be the clearest indication that the placing volume has cleared, but only in hindsight, not ahead of time.

Lol @ Magic-orb.

Just because it's available doesn't necessarily mean it'll be universally adopted. It may get some crypto bros into gold, which would presumably be good for the gold price, but central banks will want the real thing (I don't care how many "guarantees" there are - posession is 9/10ths of the law) and ordinary folks will need a concrete reason to adopt it. Serious currency devaluation may be one, but the El Salvador experiment has had mixed results:

In December, 2024, El Salvador, in an agreement for a $1.4 billion loan from the IMF, agreed to reduce bitcoin purchases, removed the mandatory acceptance of Bitcoin requirement on merchants, will no longer accept tax payments with the asset, and will wind-down its involvement in the Chivo wallet.[79][80] An amendment to the Bitcoin law related to the agreement was passed in February 2025.[81]

According to polls by the Instituto Universitario de Opinión Pública (Iudop) of the Universidad Centroamericana José Simeón Cañas (UCA), the percentage of Salvadorans who reported using Bitcoin for transactions declined from 25.7% in 2021, to 21% in 2022, 12% in 2023 and 8.1% in 2024.[82]

https://en.wikipedia.org/wiki/Bitcoin_in_El_Salvador

I multi-bagged in GGP, from 1.75p to 8.something (35p to 160p+ post consolidation) IIRC. Sold too early of course, but no-one's perfect! I no longer hold GGP, but I have quite a lot of KEFI FWIW. DYOR.

GGP now valued at 3.82bn vs. KEFIs 127m (30 times the size), makes it a pretty pointless comparison, at least, at this point in their respective lifecycles. GGP *needs* to be 30 times "better" (by some measure) than KEFI just to justify the price differential.

Lucky or smart I dunno, but I have an average in the 0.6s, and there has been ample opportunity to have an average as good or better than that over the last year. There are some things you can blame HAA for, but when all's said and done, you and you alone decide when to buy and when to sell.

Rob. The main issue is that folks can't deal with their emotions. SP down = tantrums all round. Never mind the last 12 months SP, never mind the finance progress, never mind the future potential. This is why folks lose money - because they lose their heads as soon as a speed-hump shows up.

Filtered. What a tedious whinger.

OMI (Columbia) is down 6% FWIW...

Your plan is a gamble. End of. Good luck, but there's more than one way to play this game. No-one's trying to change your mind, so stop trying to change others.

Lee, we know what you think. You are however, an extremely biased source. By your own admission, you are all-in here, which, by itself, raises question marks over your judgement, even given it has worked out well for you so far. Maybe give the benefit of the doubt to others who may be a little more cautious than you are. There's a chance that they may know what they're doing...

Unfortunately Surrey, I suspect that Trump has changed the game, and so there is no guarantee that everything will just go back to normal when he leaves. This may well be the new normal and we're all going to have to get used to it.

Such a waste of humanity's potential though - as a species we should be cooperating to deal with existential threats like climate change, and then space travel. But there's little hope of any of that until we can all grow up a bit.

I believe he was just indicating how the current American administration probably privately feels about it, rather than as a personal slur. And he's probably right - the Americans are showing themselves to be nobody's friends unless it is their own short-term self-interest. That is a very short-sighted view IMO, but it is where we are. Everyone for themselves and might is right. Depressing.

China taking Taiwan is a whole other category of chaos. For one thing, it will not be anywhere near as easy or clean. It could easily be bloody and brutal.

Then you've got the fact that electronics prices are already high due to AI data centers sucking up global supply of memory and graphics cards. The impact to global supply chains of electronics (and what *doesn't* have a microchip in it these days) would be profound.

Yes, it would be good for gold, but this is one of those scenarios where I would side with the Major, in that the global chaos that would be unleased is just not worth it. Gold may get a bump, MTL would make a little bit more money, but global stock markets would crash and you could forget about being able to buy *any* electronics device - computers, phones, cars, etc, etc, etc - for reasonable money for the forseeable future. We'd all better hope that doesn't come to pass IMO.

FWIW, I don't think it will - China plays the long game, and is pretty pragmatic in most regards, and as much as they'd like the territory, they understand the economic and political implications of such a move, and I don't think it makes sense for them, at the moment. They will however be ramping up their own electronics production facilities, so that they would be insulated against the fallout in the future...

Agreed, in as much as there is little to no direct impact to MTL, but also that the market may be a bit nervy for a while. Most of Central and South America has been put on notice that the US can and occasionally will take direct action, to add to any sanctions. Nic doesn't have oil to the best of my knowledge, and I think the administration takes a dim view of drug trafficking also. Democracy is obviously a weak point, but then you could say the same of half the counries in the world. Even so, not an ideal political backdrop. Nothing MTL can do about it though - just have to plough ahead and get La India built, and once it is, it will be making money hand over fist regardless of the geo politics.