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The U.K. debts at 2008 were £0.5 trillion, today it’s £2.7 trillion, more than a 5 times increase in just 16 years, it’s rising faster and faster and your savings in pound notes shrink at the same rate, it’s that simple, and the smart people are buying gold and silver, I personally have moved 80% of my wealth into MTL a gold producer and Silver coins a physical asset.
I do not trust banks, I think it’s only a matter of time before some go bust and once they do it will be a scramble to safety, Gold and silver, the prices will go exponential, MTL are poised to capitalise when that happens, cash generative and our Q1 results will cement that fact.
Ignore his ignorance boys and girls, even the American banks have estimated between $2700 and $3000 dollar gold this year, why? Because they have lost control of their debts, so has the U.K., The USA debt grows by $1 trillion every 100 days, the interest alone is $1.6 trillion per year and rising, it’s a runaway train and all they can do is print currency to hide the problem, holding precious metals is your only chance to not have your savings obliterated, holding shares in a company like MTL is like turbo charging your gold investment.
We have seen nothing yet, gold will continue to rise and it won’t be a straight line, but it’s going higher, don’t be fooled by little pull backs.
In the real world Gold has risen 24% in the last 6 months, MTL has an AISC of half the current $2382 gold price, so profits as a result are up 48% in the last 6 months as a benefit of such a massive price increase.
$100 million clear profit before tax is now a reality.
$100 million per annum profit before tax was a dream but it’s actually just become a reality should gold stay at these levels, as a business owner myself, its tax efficient to spend profits as opposed to banking them, on that basis spending on future mining incomes leverages our future incomes and reduces taxation amounts, win win for MTL.
The report has the headline figure grabbing figure correct, but the rest of the report is utterly out of date, high debt, shrinking incomes etc, imagine how it will read half way through 2024.
Cash in the Bank £20 million, zero finance, Abra Tenement aquisition completed, Initial drilling results are? now that will be a report worth reading.
That made me laugh carefree, long term holders know the truth, newly invested or those looking in are effected though, but Nesmoor is correct, chat boards where they bicker turn me off and I spend 5 mind reading and move on.
On another subject, Roy? where are you? I'ts been a while since he posted, not a young man so his silence has me wondering, was a massive holder here, I hope he's still with us in both meanings.
You’re right Nesmore, it’s difficult if they post lies to not respond, looks like he’s removed the post already, so it’s not totally wasted time.
Must say the 95% who post here offer great insight and I for one love the community formed here, of which has and will keep us well informed on our fantastic investment opportunity, so much to look forward to and have never been so relaxed as I am now holding MTL.
To clarify, $171 million paid down to clear the company loans over the last 4 years, debt free status reached late March 2024, debt free now and profiting from $1/4 million per day.
Any one else need factual information?
Oh Gold at $2360 ;-)
More lies, production for the remaining gold is 1.4g/t down to 1.2g/t averaging 1.29g/t over 4 years.
I noticed you like Centamin CEY.L as a gold miner, one of the few posts you have made that’s shined a decent light on a company.
They produced about 5 times the gold we did last year, produced about twice the profit and yet have a £1.44 billion market cap, 14 times MTLs, yet you see that as a good investment? PE of 20
Obviously one your not shorting.
JWBellamy….have you at least watched that video yet? then if/when you have, can you explain why you say the mine has 2 to 3 years, when the CEO clearly states 4 years with a few months additional,
I look forward to your next response
More lies from JWBellamy.
For those who haven’t seen this interview made in Feb 2024, Darren Bowden or JWBellamy
Enjoy
https://www.cruxinvestor.com/posts/metals-exploration-aimmtl-acquisitive-cash-generative-gold-junior-4935
The current facts as of today are as simple as this:
Runruno has 4 years life of mine remaining at 1.29g/t average producing 80k ounce annual gold sales at $1200 dollar profit per ounce producing £304 million profit at current exchange rates is equivalent to 14.5p per share
Cash invested to date in the Runruno business is £237 million at current exchange rates is equivalent to 11.3p per share.
Current share price is a laughable 5.5p
The soon to be acquired Abra tenament is to be our next target with short term high grade mining possible in 1 to 2 years and longer term lower grade mining in 5 years time, the Abra tenament is the first of a number of targets in MTLs sights.
Ignore trolls, who consistently get it wrong and spin lies looking ever more foolish with every post.
Bottom line:
MTL has no debt, record high gold prices, 14.5p guaranteed income in the ground and unlimited future gold reserves to buy using our current cash generation.
Wow
$2323….its just going to keep going up because the economics of the world are broken.
New highs $2321
Gold $2305
Monday should be a high volume trading day, new tax year starts with a fresh £20k tax free allowance for those wanting a long term tax free investment in MTL.
Let’s be clear:
Gold is at all time highs
MTL is debt free and has been for 2 weeks
MTL is building savings at $1/4 million a day
Darren Bowden stated in Feb 2024 via an interview that we will not dilute or require further loans
4 years Runruno life of mine at 1.29g/t average making up to 80k ounce per annum
$1100 to $1150 dollars per once clear profit at current gold prices.
$90 million free flow cash generation per year at current prices
Abra tenement purchase for $1.6 million to take place in June
Small scale high grade mining plants on the Abra tenement is Darren’s Bowden’s fast route to additional incomes, costs around $10 million up and running in 1 to 2 years
Gold predicted to hit $2500 dollars this year
New Chairman is just that, the Chairman, employed for his mining experience, Darren Bowden runs MTL.
£200 million Market cap would be fair value for MTL in our current financial position.
£2000 million ambition stated by Darren Bowden, stating we are the number 1 mining firm in the Philippines, the “Bell of the ball”
Do not let trolls lies spoil your belief in this immaculately run miner, the money is rolling in and will be used to build a multi mine business, with multiple incomes, let this mature, Darren Bowden has proven his credibility.
GLA
It’s held too, $2303 tonight
It’s here already.