Member Info for gold-miner

Broomtree

It shows you are a poor investor ~ sticking with CNR for years and selling MTL on a wee bounce. You will regret it.

Glypo the other miners do not have the handicap of a lot of CNR shareholders selling shares. You can't expect MM's to increase the SP when they have a large number of sellers. I don't want to prolong the MTL v CNR comments but I cannot understand the CNR shareholders holding shares for up to 12 years with little action and then selling shares in an active miner within a couple of months.

It is pleasing to see the buys at £129k and the sells at £28k

The ex-CNR sellers are certainly on the wane.

The spread is still 5.2

There is a full page article in the Daily Mail on Gold mines headed "Go for Gold"

It lists 8 gold miners, but not a mention of the most important gold miner MTL

I was pleased when BltheRay took over from Tavistocks as public relations for MTL~ I thought they must be better. But I am wrong again.

I do not read all the financial press but I have not seen anything since the take over was concluded. Has anybody else.

I thought some journalist could make a more interesting story than those I have seen lately.

Glypodend I got my figures from Sharescope. The main point is the difference between SRB and MTL. We need the Markets perception to change so that our PE is the same as SRB.

Amongst other things I was called "delusional" because I said that I believed that MTL share price was going to be 20p, 50p and £1 at the end of 2025,2026,2027.

MTL is grossly undervalued because the market has a perception that MTL are going to run out of gold, this has resulted in our PE Ratio down to the lowly figure of 7.3. The perception is bound to change over the next couple years, when MTL's plans are known, this will result in our PE Ratio being at least on a par with other miners. I can't find similar companies but Serabi Gold is a much smaller and less profitable miner in Brazil producing only 37,500 ozs annual production and yet their PE Ratio is 22. Larger Companies like Fresnillo PE 25, Endeavour PE 28 and Hochchild PE 47. If our PE Ratio was 22 our SP would be 20p.

In Darren's excellent presentation (can he do one every quarter) he said the Dupax/Runruno was likely continue for the next 5 to 10 years, and the Albra tenement was double the size of Runruno, and the La India mine was even bigger. Further he said that he believed these would be first producing gold by 2026.

If he achieved this it would be remarkable, but he hasn't done badly in 2024.

I believe this would mean that MTL would be producing between 300 to 500,000 ounces of gold annually. And finally with all the uncertainty in the world it is anticipated that the price of gold is going increase even further than today's price.

This is why I believe we are sitting on a gold mine

Yes Surrey made a bad investment sticking with Condor but he compounds it by ignoring MTL and further by annoying us all.

Broomtree

The SP has suffered because of a few Condor shareholders who held shares in a gold miner that didn't mine now sell shares in a goldminer who does mine gold.

My SP forecast is at the end of 2025 20p ~ at the end of 2026 50p at the end of 2027 £1.00

I cannot understand a few (only a few) of the Condor shareholders as they were unbelievably patient (or stupid) holding shares for up to 12 years in a gold mining company that didn't mine gold. At yet now they have shares in a company which does mine gold efficiently they moan or sell their shares.

Don't wait 12 years but please be patient for 12 months or 12 weeks

What is the position with Dupax? Have I missed something? During the run up to the CND Darren hinted that there was something in the pipeline which he couldn't divulge until the takeover was complete. Is Dupax part of Runruno or is it something separate? Do MTL own it? If it is something separate shouldn't we have had an RNS?

Sorry if I have missed something

It will be interesting to see if any financial journalists write an article about MTL and CNR, it would make a really appealing story for investors unfamiliar with the saga.

Over 5 years the SP of MTL has increased fivefold from 1.2p to 6p.

Over the same period the SP of CNR stayed the same at 22p (except when it rose to 60p) until MTL's bid and pushed it up to 32p.

Yet a minority of CNR shareholders seem to be disparaging about MTL

Liq

Do you know another Company which is making a similar annual cash profit as its capital value

What do the experts think will be MTL's share price at the end of 2026?

At present the SP is way below what it should be.

I am optimistic that Darren will make progress on every front.

On Runruno, Abra, and Condor and the mystery site we have had hints about

These factors combine such that I think that the end of 2026 the SP will be north of 20p

Any other guesses

Lee

Could you please clarify your post

"Even taking a low ball production of say 18k ounces, bad weather, etc, we shall produce $47.7 million sales, if we manage 18.9k ounces we make $50 million".

Did you mean "18k ounces ~~ in the last Quarter"

"we make $50 million ~~ in the last Quarter"

If that's the case, with MTL's Capital value at £96M, the profit is much higher than I thought. I thought MTL were making about the same profit annually as MTL's Capital Value

I cannot claim to read everything in the financial press.

An awful lot has happened in the last month, but I have barely read anything.

When the proposed takeover was announced there was a mention in the Daily Mail but this was mainly about Nick Candy's wife.

I was hoping that when BlytheRay took over the PR from Tavistocks that there would be more exposure.

It would be easy to write some interesting articles about MTL and CNR

I cannot understand why the spread on MTL is 5.3% and the spread on CNR is 1.7%

Dictum

As a MTL shareholder I think you are being very cautious in thinking "that MTL could triple in value in the next few years".

I think most MTL shareholders believe that it will triple in 2025.

Lee I posted mine 4 seconds before yours. I am reminded of great minds think alike.

I wish I knew as much about MTL as you