Member Info for GradeController

I think the answer is don't buy gold,,,,,,,,,

In present climate, buy stock in a good well managed junior to mid tier gold producer with no debt and substantial free cash flow.

Add to that one, a second high grade mine to construct with the surplus free cash and you have a winner,,,,,,,, MTL

Quite simple,,,,,,,, I have been mining and investing in gold stocks for decades,,,,,,

@MrBond007

I hold both MTL and THX. I consider both good investments.

My simple comment on your post is,,,,,,, " It's necessary to speculate to accumulate "

MTL bought CNR on very good terms and in my opinion has the boots on the ground, necessary knowledge and experience to build La India and in turn benefit from taking the proven ore from the ground, processing it and banking additional free cash from that operation.

In due course THX will develop mines in Cote d'Ivoire and Senegal and will invest their free cash from Nigeria in the process.

I hold both companies in high esteem and respect your comments re free cash accumulation and free cash investment. I simply want to record my perception.

Everybody has their own views and we all have the choice to invest where we choose.

I am not remotely speaking a ramper, but do believe that small gold mining companies, free of debt and with good management are a good investment opportunity at this time.

I hope this adds some balance to this forum.

Yes, it has a long way to go, but it's rising faster than I would have preferred and already getting too much positive reporting from financial journalists which will raise the profile to others not in the know. We don't want it racing ahead too much at this stage. Nice and steady.

Assuming we are long term holders, a risk would be if this runs up too quickly. I certaily would not want it any faster than it has been over the last few months. Nice and steady is the way to go. We don't want to attract any shorters to this stock ! It should be imune to small gold price dips as it has very strong fundamentals even at US$2,500. Although Darren is looking at other prospects, I would hope that he is thinking the same way and drip feeds the market gently.

Back into buy territory after a brief rise into the 6's,,,,,,,,,,

Smoothbrain : I am a former CNR shareholder and whilst I was surprised and disappointed at the level of the final outcome, I averaged down over the last 18 months to come out on a reasonable positive note. MTL had not caught my eye previously, but when the MTL aquisition came alon I did extensive research in them and Bowdens background and what he had achieved with Metals. Just over a million shares came my way on the aquistion and have doubled up on that with the recent soft shareprice and continue to add. Junior producers offer excellent upside to gold exposure, particularly if their share price is held back by sellers which we are currently experiencing. Given time as the mine build at La India progresses we will follow GGP on an upward trend. The cash that MTL and GGP are generating is incredible. La India will provide much better return than Runro.

Does that answer your question,,,,,,,,,

Broomtree ,,,,, I have been mining Gold for 40 plus years. FCF is all in cash, less current opex and current capex. i.e. Runro opex and capex. The Runro free cash accrues on the balance sheet and when it is used for La India capex it is capitalised in La India accounts and will become a depreciating cost when La India becomes an operating entity.

Your google answer to your question should apply only to Runro. Take it from people who have grey hair and know !

Lee is correct !

The Share price will start to rise when construction begins at La India. It will continue to rise as the mine moves towards construction. I agree with your 10p by Xmas.

I'm an old Condor hoder and cannot believe my luck to be able to top up at 5.5 this morning I thought my 5.7 & 8 additions were good. All good buys,,,,,,, and then the necessary ingredient of patience !

GLTA

Icecream : The buyer of goods or equiment as an individual acting for the company which paid for them, might negotiate a kickback to be paid into his personal channel Islands bank account !

99icecream :

Kickback

Thelearner : a good mix ,,,,, MTL & GGP.

GGP running better just now, but MTL at preset level offers better short term upside.

When the post CNR takeover is finished it will run ahead.

Both have great potential as new projects move towards to production.

Great exposure to Gold !

I came out of CNR quite well after being in there two plus years. The last few days I have doubled my MTL holding at 5.8 ish,,,

A great buy in a well managed company, set to double cash generation in a couple of years, but with their gol.d selling price of just short of US$3,000 an ounce, as La India Mine build develops the market cap will rise.

A great place to be as Junior Stocks gather momentum and become sought after !

Best outcome for former Condor Shareholders !

Lots of cloak and dagger here and I am highly skeptical. Two identical offers at the same time,,,,,,,,

Were the last results that bad,,,,,, Kestral, Royce, Slater and others,,,,, ????? ,,,,, both offers to take the company private

Recent lows in 80's then two bids,,,,,,, just a game to capture stranded retail shares.

I have been in here a long time and seen the price move from 160 back down to 108 and then a rise back to a brief 200 before crashing to 80's. I'm wary of remaining in with these people as private entity,,,,, slickers !

It's worth well over 200 and 125 is a slap in the face,,,,,,,, I'm sitting watching it play out,,,,

A point not discussed is MTL are currently mining ore at circa 1.odd gram per tonne at Runruno . La India's average is more than double that and there is the opportunity to high grade it initially, although optimally, they would be better to blend / dilute that to little more than 3 grams / tonne and really churn out cash !

The old Statement applies,,,,,,

Definition of a Mine,,,,,,, " A hole in the ground with a liar standing at the top "

In this case liars !

Yes, Mellon, playing the same high handed approach with Shareholders as he did with Calibre during non binding discussions,,,, either sell or go along with it,,,,,, Calibre will certainly not want another knock back, so highly unlikely to put a bid in,,,,

It appears that MTL became the backstop ( probably fortunately ) because Mellon has played hardball with Calibre for two years. It would be very interesting to know what the numbers on the table were, which were rebuffed. Something we will never know ! Recent Calibre CEO comments clearly indicate there was bad blood. Sadly CNR holders have somewhere short of two years loss of opportunity. That's it in a nutshell !

Some months ago there was talk of a " Preferred Bidder " I wonder who that was ,,,,,,,,

Quite appalling the level of transaction that is now suggested after all this time,,,,,

There is a Non Executive Director by the name of Ian Stalker who knows mining inside out and has done much good work in the past, but is now a mucker of Mellon, both live in IOM. He should have been able to contribute more than MC has done during the last couple of years. I will reserve other thoughts that I have pending where this goes,,,,, !!!

Personally I do not think that the MTL people have the capability of taking over and building the business in NIC, but of course neither did MC.

Hope that it will be an interesting few days ahead !