Member Info for glypodend

Forgive my ignorance Gold-miner, but where are your PE figures from? FT gives 1.1 for MTL and 11.75 for SRB. Are FT's figures wrong?

Currency headwind

I.e. GBP is falling and we're all getting poorer unless we hold physical gold

God, the doldrums never stops once it begins

Https://en.mercopress.com/2024/12/20/brazil-s-real-recovers-against-us-dollar

MTL Stock Overview

Metals Exploration plc identifies, acquires, explores for, and develops mining and processing properties in the Philippines.

Snowflake Analysis

Flawless balance sheet and undervalued.

Rewards

Trading at 89.6% below our estimate of its fair value

Earnings grew by 213.3% over the past year

Trading at good value compared to peers and industry

Risk Analysis

High level of non-cash earnings

Earnings are forecast to decline by an average of 60.3% per year for the next 3 years

Significant insider selling over the past 3 months

Volatile share price over the past 3 months compared to the UK market

I did watch the presentation, do you mind. If all goes well, of course there will be no LOM issue, but we're not there yet. Until the issue is resolved in reality, the market may perceive there to be a LOM issue, as is suggested by MTL price failing to respond to gold's recent move back up --unlike other small debt-free producers. I doubt there'll be much movement here now until towards the end of January, even though gold will very probably have a seasonal rally to new highs. I do hope I'm wrong, as I'm still invested here.

Speaking of being silly, conflating the presentation with the real position in a couple of years is crazy. The best laid schemes o' mice an' men ...

"Perfect time for topping up or getting on board"

Why not buy something that's moving and doesn't have a LOM issue? Glad I sold half my MTL a couple of months ago and bought SRB. Might buy more MTL January.

Condor too went down today, gold up...

Indeed, I can't find this statement anywhere in the presentation

Real has fallen out of bed in the last week. Partly explains s.p. rise here

Https://www.mining.com/web/gold-stocks-winter-rally-2024/

Wealthy Western investors fomoing into bullion ...

When they start fomoing into mining stocks, that's when the fun will begin

I think the US dollar is set to fall against a basket of currencies because of the mountain of debt, but don't know enough about Brazil to have a firm view on what the Real will do. Will probably tend to weaken because of Lula's spending on social welfare...? Last 10 months has tended to weaken regardless of whether dollar is falling or rising, which is good for share price.

Real has been falling against the dollar last 10 months. What if this reverses?

Runrono short mine life, "another asset" is precisey not proved

Would appreciate your views on better opportunities elsewhere Pedro

No trades today? What gives?

Excellent analysis of developments in Niger. Intervention seems unlikely. https://www.youtube.com/watch?v=ocW5CbidEJE

Bitcoin to double if, as seems very likely, Blackrock ETF is approved

https://www.youtube.com/watch?v=AL7Wp7oJ4Lk