Member Info for Iglu

I added yesterday on the licence news...exciting times ahead indeed. Lots of interest in Egypt now from the big players. We just need official confirmation now

Approvals are coming it’s clear to see...the pandemic is surging everywhere and testing is in short supply. GDR will deliver I’ve no doubts.

So close now...approvals on the way. Testing around for years even with a vaccine...I bought more

Sounds like approvals are very close....within a few weeks. So any day now. It’s coming

When approvals land ( and they will ) this will open up over 100%. We know approvals is what will open the floodgates. The long hard wait is nearly over you can almost taste it....hang on in there people our time is coming. I’m not concerned

Fantastic news Gareth Jones is gone. Hopefully the new guy will interact more with shareholders and we might get a few more RNS. Back to the strawberry picking fields for Gareth :))) super news this really is. Will buy more now :)

It’s obvious that approvals will land any day now...that will open the floodgates and re-rate the sp. it’s foolish to sell now it really is

It’s looking likely another 2 trillion of stimulus for the US is coming soon, what would this and a potential fall of 20% for the USD do to gold prices? On top of that lower incoming interest rates and a global recession? The vaccine news is great, however it’s still at least 1 year away from getting enough of it in circulation...the economic damage is already done

Wow...only bought in last week. So Centamin get another area, were the areas they applied for close to there existing mine? Was following cey a long time but missed the last rise. I thought the latest drop was way overdone for the reason....but it gave me another chance to get in which I did. Long term for me as I see gold prices going way higher. Good luck all

https://investorplace.com/2020/11/why-were-still-long-gold/

Gold is on a massive bull run, it has been for years. Don’t let a few down days scare you out...I truly believe gold is heading for $3000 and beyond. Imagine what that would do to the gold stocks :)

Wow...this looks cheap. Some pullback, looks a tad over done to me

A quick calculation of achievable revenues and profits at today’s gold prices, as you can see the numbers are mind blowing. The gold prices now are truly transformational for MTL. Once the market cottons on to the potential here then a major re~rate will commence.

80,000 ounces per year at $1,950 per ounce = US$156m
With the AISC ( all in sustaining costs ) being $1,279 per ounce. This leaves approximately $700 per ounce operating profit for MTL = US$56m.
Above is a rough calculation, obviously debt must be serviced from profits, however now I do see why the lenders came to an agreement on favorable & flexible terms for MTL...and also calculated at much lower gold prices than today.

H1 2020 revenues US$52.9m at an average gold price of $1279 per ounce ( confirmed in the last RNS )
H2 2020 could be near US$80m with the gold price averaging much higher around $1900 per ounce. If anything like those numbers are released this will rocket...do the maths it’s clear to see....and at this share price WOW.

The impatient will sell and go chase another rainbow. The patient will see the value, hold and be rewarded. We know MTL is way undervalued, gold prices are rising fast. Finance finally sorted on favorable & flexible terms. The debt is very manageable & don’t forget nearly 99% of businesses have debt. It’s normal. Record revenues & profits incoming for MTL. Exciting times. I have no doubts this will be much higher than 2p in 1 year. 400m market cap is possible that’s 10x higher than now.

Going nowhere hey...well we will see about that and certainly won’t be taking yr advice. Good luck with PUR however I just think you made a big mistake. Time will tell

My goodness people just don’t have patience these days....just sit back and enjoy the ride as this is only going one way...and that is up. MTL is benefiting big time from these gold prices, and it’s forecast to go much higher. Mega revenues incoming

What do you want an rns everyday...lol
1, company debt restructuring completed
2, revenues up, profit up,
3, gold price increasing, even around lower levels MTL make good profit
4, Trading updates look very promising

SP 2p....absolute bargain. My guess is Ruffer is still selling the last of there holding, in Jan they went bellow 5%.....once they are gone this will fly.

The share price dips and the idiots appear....it’s the same story every time. I doubled my holding today btw. If sub 2p does come I will add even more. This is a long term play so I don’t care either way :)

Took some on that MM flush out drop...Long term great potential recovery stock in play.