Member Info for freefaller

A good consolidation day that looks like. This is also the region a number of holders may have just gotten out of the negative from a few years ago when the take over of the mine occurred.

Still quite undervalued considering even just a 10% pricing of the metals at Karaberd alone... Then on top of that the Eco refinery, which will help reduce the company reliance on mining and take in ore from other sites, and all the other opportunities in Ireland.

I believe they had a team ready to start activities towards processing the tailings and spoils in Ireland.

I think this is all getting this company into a great cash positive position to expand!

And the fact the company has the prudence to run a lean ship, demonstrated over the last years, when things are delayed is great. Bring on times when there's more free cash flow!

And that's just the Armenia value. That's not counting the spoils in Ireland and the Avoca copper mine also owned by the company

I think investors are catching on to how overlooked by the market this has been.

Cyberbub, agreed. Comex on Friday also increased their margin requirements on many things, which also likely contributed to the sharp fall and then a cascade of closeouts and stop losses.... Maybe... As well as the end of month book closing and comex delivery point, which I also think is the end of Jan (could be wrong though).

Anyway, yes, they was also highly undervalued even when gold was hovering around $2,000

Thanks cyberbub, ah gotcha... Was confused when you mentioned free-float, but now realised what you meant! I had a different number in my mind from before the last report as forgot the list had changed

Quite true. They have a reasonable resource that will certainly provide the funding for further expansion.

They will in the future have their own refinery in Armenia at Karaberd - derisks from being "just a miner" to "we also refine for other miners".

Plus an easy surface resource in Ireland.

And the copper mine.

Just priced like an explorer who has no discovery even...

Ah okay, that's fair enough.

I would recommend reading the last 3 RNS's that ate half and annual year reports (so back 1.5 years).

Essentially, this stock just is not really watched by the market. The reason is the extension of the mine being released and the muted reaction as well as the previous annual/half year report, where we can see the production starting and things coming together... Check out what the share price did at those dates. (Hint, stayed stable).

So I think that this is a very overdue correction. Supported buy the value increase in the owned assets, the potential refinery avenue in Armenia as well as the Ireland opportunities... Especially the tailings, which would have a super low AISC per tonne as they're on the surface.

Sharepicks, I'm aware of that. I'm questioning "Rise based on hot air" and the speculative statement from mornington-oz.

Not saying there's no risk.... Just asking for a bit more detail to support that original statement

Cyberbub, could you share a link to the page about the freefloat?

Mornington-oz , can you share the data you're basing that on?

Antroot, thanks for that. Yes it looks to be around that from a skim of their charges. Can you confirm if they are charging a monthly holding fee / inactivity fee / or anything based on the value of the account?

From my short look they seem to be only transaction based and don't have those, but wanted to ask someone with an account.

Surrey, quite right and we're looking at it. They've previously annoyed me with not resolving something else so had been already wondering a move and this has just tipped it over. Potentially IBKR (Interactive Brokers) ... If anyone is with them do share thoughts please.

StocksandRocks, I wouldn't say it's off topic

I think it is more the fact HL have increased the cap on account fees from £45 to £150 per year, as well as in general investment accounts charging now for just holding shares.

It's a bit more the principle - well that's my opinion anyway. Shouldn't really be a cost to just hold.

Or can look at this as, another day up 5% gently consolidating... Still awaiting the Quarterly results to be released... That might break down the buffer 🤷‍♂️

CMgoldgard, your exchanging your fiat for something of worth (equity), which in the future compared to fiat is hopefully worth more fiat, when you have something else to use that fiat for (pay mortgage off).

If MTL starts giving dividends, and throwing fiat out, then decide what to do with it (maybe gold bars).

I don't think buying it with fiat is ironic. I think after recieving fiat back from this and not doing something with the fiat.... That's maybe not so great

Just some back of the paper maths... Extraction on the licence is up to 45k oz Au ... Say £3,000 profit per Oz over the 9 years, that's £135,000,000 from this resource alone, ignoring everything else the company has....

For an under £5m Mcap...

And there's the RNS for the extension! Back onto the production train and with gold passing $5,000 ... I can see these additional revenues helping fund the next steps in Ireland as well without needing any debt or financing!

A long time coming and a fabulous achievement for moving forwards.

Sunjammer99, but is that just not inflation in general? Also, hypothetically over the last half century (or more) we have had an incredible quality of life increase as well as where items, products and lifestyles of back then the few are now viewed as necessary and accessible by the many? What if the dramatic price is the answer and that items actually do once again become unobtainable by the many.... Akin to the lords of manor estates eras.

The low item prices have fuelled the movement of wealth in return for items that then lose value when owned, if we're slowly going to "run out" of certain commodities then it's only natural their price increases.

If those price increases reduce the number of people who can obtain it.... Then I just think looking across history, apart from in relatively recent times, that's never been possible.

Through on top the current political climate and well... Makes it all nervous to consider IMO

Https://www.ecolur.org/en/news/mining/16258/

Happened at the end of last year. 8 years for the underground processing.

JORC says about 2,200kg Silver, 1,233kg Gold in the underground. That's £5m and £145m, very very roughly with todays prices.

So £150m, by 10, is give or take, £15m of revenue coming in per year from the gold sales (ignoring AISC etc...)

On that alone, that's annual revenue of 3x todays MCap!!

Then throw in that the company will build and own a refinery in Armenia as well as the tailings on the surface in Ireland, Avoca mine potential.

.... Still think this is undervalued IMO :)

Be happy there is movement.... I've had another that has just been near enough a flat line for a lifetime but is getting stronger as a company in general

At least with currency inflation it's just continually trading at more of a discount 😅