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Evening all Still here holding long and strong looking forward to the next quarterly update nothing has changed here (except the share price) fundamentals remain the same clocks go forward Sunday and as the quarter grows nearer people will start to take there positions.
People may have missed this rns it is not on here and also not on the H&l platform either last rns was from 22nd December very happy with what this company has achieved during Covid times and looking forward for the the quarters to come.
Happy New year all.. A nice steady rise while we await Q4 results this should be a very interesting year for MTL as we have previously stated this is a gold producing company which means we can take advantage of the current price of gold on a quarterly basis which is very important the companies with gold in the ground is exactly that until it is dug up it won't get the market value so for value wise I would rather be with a company who has exposure to the price today as we do not know what it will be tomorrow. Mtl is in an excellent position to become debt free all with the help of the rising gold price.
Slow and steady rise are always better gold should have a good year next year as the governments will be putting there plans into action while we have been getting orders From them like stay at home and at the same time planning our demise at the same time higher taxes toll roads where I am in London ulez and congestion charge so for me to drive to my local town it will cost me £12.50 congestion and £15 ulez the drive is 12 mins from my home.
Definitely looks like sells are being moped up the 2 3mil buys after the time stamp they were brought the price went down soon after on the 10th Nov all sells were probably to make that order. We saw a similar pattern at the beginning of this year
Good read pharma and Co the hold rush has not begun yet the stocks that rose on the vaccine announcement will be heading right back down we live in a world which is run by the media funny that they elec the new president on Saturday and announce a so call vaccine on the monday how very convenient. Especially when the said company's produce Q4 and Q1 next year results and so forth. Key here is the price of gold the more it rises the more attractive this company will become the private investors here early know exactly why they are here.
Where those company's are today mtl has already been there in the exploration stage the share price does go high if you look at the historical price of mtl you would see 35p once the company acquired debt and started mining the share price went according gold mine and other factors like equipment staff pay etc etc. Exploration stage is always on future assumptions of earnings so there is nothing wrong with the price of the other gold shares at exploration as mtl was once there also the difference now is mtl is at the business end of extracting the gold which provide numbers.
Right now the whole world is printing currency gold is on a move this share is definitely for those who are looking further down the line what this company has over the explorers is it is mining and selling gold which they can take advantage of the price of gold. Maybe by the time the explorers are set up to mine they may miss out on the gold rush it doesn't matter how much gold is in the ground its what it is worth above ground and the price which is being paid Mtl may have a debt but within the gold bull run the company can become debt free and a very profitable company all by taking advantage that it is mining right now and have exposure to the live gold price. UK just done more spending today 150 billion everyday our currency is worth less and less.
The information is out there in the rns go back through prior ones there is a load of information in there. Also remember we have a whole new team and from the new team we have got new results I agree with Adam also.
My 2p worth is..
Open 1.5p
Close on the day 2.95
All depends on the market as anything can happen we reached 1.9 with the debt now with restructure it now turns into? As we have to see what the market values its mcap at.