Member Info for leehardcastle

Golds bull run is still in full swing, it’s called a bull run because it kicks and bucks like a bull, the traders take profits and when the correction is complete it takes off to new highs, and I reckon the timing will coincide with La India coming on line IMHO

A fact that’s true is you can’t sell forever, the sellers run out at some point, you know buying at 12p is a no brainer, so if you have the funds?

There’s always a lull before a rise, just how it goes, and a point no one’s mentioned is oil has come back down to sensible prices and that’s ahead wind gone, central banks are buying gold at record levels because they know it’s on sale, a bit like us.

Yet in the background MTL is running like clockwork, ignore the noise, we just had an update that shows La India is on time, Runruno is running well, and expansion plans are afoot, so let the market do its thing, the few selling are a tiny fraction of a percent, there are 99.9% holding, and it makes zero difference to the outcome.

As for gold, if we had mentioned $4k gold back when MTL took Condor and ran with it, you would have been super excited for the future prospects, don’t lose perspective on the margins ahead, July next week, Q2 numbers should bring cheer and assurance, December is in sight and the picture will be totally different in a fantastic way by then IMHO

The case for golds bull run hasn't altered, the price is consolidating before the next run higher, the next big news later this year is what does the USA do with $40 trillion debt, rising infaltion and money printing in over drive, $10 trillion debt to refinance at 3 times the rate of the old debt, it's a financial disaster and its going to raise it's ugly head soon enough, the run to gold will prevail, my question is are you ready for $6k gold? its coming, just a matter of time.

Gold average for the last 12 weeks is about $4500, just 1 week till those numbers are cemented for the Q2 results, $4450 over 13 weeks with 12k ounces gold production, should produce around $33 million FCF for Q2.

A “binary risk” refers to an "all-or-nothing" situation where there are only two possible outcomes: complete success or total failure. It means that either a risk fully occurs (resulting in 100% loss or failure), or it does not happen at all (resulting in no loss or the intended success)

That’s not MTLs situation at all….over 50% built, financed and on schedule, that is not binary Major.

Gonzales’s reported 👍🏻

It’s pointless picking dates to suit your theories Major. GDXJ is down 1% over the last month and MTL is up 5%.

You can pick different dates and get different results.

We are a producer and explorer, and the market knows it, you only have to read the first few lines on the companies website to gather that information.

Major…you had 4 million and sold 3 million since Dupax was shelved, you told us the numbers and the reasons, that’s what I’m on about.

I reported it 👍🏻

Major…. You sold a major chunk of your shares in MTL because you thought losing Dupax as our next mining resource made us a 1 jurisdiction miner again, and your “risk” factor got uncomfortable for you, so can you explain how having a second or third mining target in the next 2 to 3 years and a clear intent to have 2 or maybe 3 jurisdictions in play has then not reduced “risk” and offers better value for shareholders, if you sell because you can’t stomach a 1 jurisdiction future, surely intent for 2 or 3 in the near future may push you to buy back into MTL? And if you agree to that, why is hard to not see others buying on that basis?

Because you come across to me as someone who hates to admit you have underestimated Darren Bowden, Nick Candy and the MTL company, and look to rain on good news, which it clearly is to others and myself.

From ADVFN:

https://uk.advfn.com/market-news/article/17664/metals-exploration-secures-control-of-high-potential-batong-buhay-copper-gold-project-in-the-philippines-mtl

Just keep us informed AuInspired on any thing you obtain from the meeting with a rundown later please, glad you could make the AGM, much appreciated.

GDXJ and GDX are up 3% or less, MTL up 7.5% and yet Major and Electriclion feel the need to dampen the flames, and it’s funny because I knew it would be you two who attempt to spoil the party.

Today is great news on both fronts, the peace deal is only half of the rise today, the other half is our clear path to be a much much bigger company, and much much bigger future incomes.

A share price rerate is over due and this is the start of it, get on board or don’t, it makes no difference to any of us, MTL is doing the hard work and we just need to hang on.

We have the RNS major, are you on drugs?

MTL flying already, I hope this is the start of the much anticipated rerate, we have had so many lose patience and this is a clear sign MTL is bigger and more professional than many portray, those who held tight will prove to be the savvy ones, and the reward for doing so is about to show fruit IMHO

Additional project, Darren mentioned 3 months to release news on the other deal, this prospect neighbours the Abra Tenament we own that is in our 5 to 10 year timeline, this gives us a nearer term prospect in the Philippines than the Abra, it shows how MTL has aspirations to become a multi project company, 2 mines is the near term target, but 3 or more is obviously what’s in mind longer term, it was clear Darren being a resident in the Philippines he wasn’t going to give up on his home land, happy days.

Looks like the deal has gone through, gold over $4300 already, would be nice to see a deal for MTL tomorrow, the stars really would align.

Gold -$4170

Whoop whoop

It makes me wonder how those who buy into a gold miner can't stomach holding through price fluctuations in gold, a gold miner that's debt free, with decades of gold valued at over $4k an ounce, situated in a low cost environment, surely you have to look beyond these price movement occurrences as your investing in a long term business, if you react to every daily situation you won't see this life changing investment fruition to anything near it's potential.

This Iran/US war will pass or at least become old news, just like the Ukraine/Russia war has become stale, the oil will flow from others in time, the headwind will blow out, but the inflation is here to stay, the debts are here to stay and they will just get bigger, and as such gold is the correct play medium to long term, and miners will benefit the most.

Stay the course, let MTL do the heavy lifting, we just need to be patient and enjoy the summer, when that arrives.