Well with the last day of Q1 being today, I have estimated the average gold price of $1890 for the last 3 months, about $150 higher than 2022Q4 that produced our record breaking company results, bodes very well for the Q1 numbers, plus we had 2000 ounces of gold unsold from the last quarter, perhaps MTL cashed them in with gold hitting $2k? Excited as usual and looking forward for a set of results that hammer home the turn around, another record breaking set highly likely.
You know the when a company generates circa $60 million profit per year and only values at
$35 million market cap you have a mismatch in values, even the current debt is down to just a 1/4 of the investment made to produce our gold mine, take advantage of the giveaway share price, the numbers will get noticed at some point, and we won’t get this chance again.
It’s baffles me how short sighted some investors are, we are a screaming buy, I can’t for the life of me understand the reasoning for letting go after the last results and gold knocking on $2000, what’s not to like?
Its a shame we haven’t adjusted our market cap to reflect out strong position, but for those who know it’s here and have cash to invest are in an amazing position to benefit, debt free is in the near future for certain, and gold generated incomes in the region of $60 million per year before tax will be shared out to each and every shareholder, say $15 million in dividends or 0.6 to 0.7p a share, that would be a minimum share-price of 6 to 7p, 400% gains from here, with a 40% annual dividend at our current share-price for sticking around, why stick around? Because MTL will be a debt free, cash rich, experienced, proven gold producing company with a Philippine award winning track record, ripe to purchase fresh gold rich Luzon land banks and continue doing what they do now, for decades to come.
We are averaging $650 dollars clear profit an ounce based on last quarters AISC and this quarters average gold price, 20k ounces is $13 million profit, 25k ounces is $16.25 million profit, we are nailed for an outstanding loan value down to something in the mid to upper 60s, debts rocketing down will hit home soon enough, as someone else put it….cash cow
Just like the Beatles, I think we may be rocking it in the 60s this time, a mix of a high gold price, 2k ounce unsold from last year, lower fuel costs prices and our low 7% loan interest rate, can you think of a better place to be today, I can’t, come on MTL
I would love that to be true, but we have a few more quarters before that statement is correct, debt free is certainly on the cards, not an if but when, and when happens, then every share will be worth multiples of these lowly numbers, Q1 books close soon and you can bet your bottom dollar they are going to be a corker, hold tight.
$1950 gold, it’s a **** show, these banks are going to collapse every where, protect yourselves where you can, don’t have all your wealth in savings, many don’t realise this fact, a savings account is you giving the bank an unsecured loan, in return for an interest payment, the money in not held in the bank vault ready to hand it back, it’s invested on leveraged bets, a small loss is amplified by 10, hence why the banks are running out of liquidity, those with big money will run for solid gold, its a great time for those holding gold miners as they will certainly benefit.
Banks are at it again, weak and over exposed to bad investments, this is where gold is going to be a run for cover, my advice, spread your savings between accounts and keep them well under £85k per account, buy physical gold, or buy gold stocks, that includes MTL, MTL 23Q1 nailed on to be another stunner at these prices.
$1900 dollar gold is back
The buying was more likely down to the US bank SVB that went bust, expect gold prices to rise more next week, as investors with large deposits in these weaker banks run for safety, bad news for banks, good news for gold and gold stocks, the rise in the gold price will only help MTL Q1 numbers benefit from a late financial boost.
ID78, I think your maths is a little optimistic, I think this will be closer, 23k ounce produced with 2k ounce in reserve from the last quarter, selling 25k ounce at average $1840 dollar per ounce, $46 million income (new record income) debt shrinks to around $65 million at just 7%, falling quicker than anyone could have believed 2 years ago, my maths is from a very happy LTH with zero no bull****.
Not normally your style Roy to make negative gut predictions, if it’s to shake out a few shareholders in doubt, it’s unfair, us LTH all know we are in the strongest financial position we have ever been, and yet the share-price has yet to reflect the amazing position we find our selves in, 3p today would be cheap, so every share bought recently is all ready a steal, it’s fine picking up cheap shares but it’s usually at someone’s expense, who will look in a few months and really regret that decision, we have no reason to sell at this point, and scaremongering is naughty.
Gold has averaged $1850 for the first 9 1/2 weeks of Q1 which happens to be $135 dollars more than our record breaking results last quarter, where we made $18 million clear, so Q1 are set to be even better, don’t forget the 2k ounces unsold last quarter, that’s another $3.6 million to add this quarter should they wish, oh and the cherry is our new loan rate that more than halved. Do the maths.
Took some more too, thanks Roy ;-) can’t refuse a gift
Nice to see a stable share price, any selling gets snapped up instantly, can’t believe we are already into the last few weeks of Q1, time bloody flys.
I’ve watched from the sidelines on this company and like what I see, although the latest results where a little disappointing, not bad but leaving the next half of the year to play catch up, so I can see why the current share price has suffered, the momentum downwards can be hard to stop in the short term, as private investors hit stop losses, selling out, but medium term I see a solid company and definitely will take a position at some point, must say 12p is a possibility and would be amazing for me, but you never know when the tide turns around and 16p could just as easily be seen before 12p, that’s the share business.
Its $81 million not £80 million, and we have around $4 million unsold gold, with $1 million in the bank, so technically we only have $76 million as from 31st Dec 2022 to clear, its becoming clear we are able to pay down the debt, so it’s also clear to me it’s worth the wait, as 18 months is a breeze, AAZ had a similar path, the month before they announced a debt free position they were around 32 to 35p a share, I bought in at that point, when they announced the debt free position, it shot to 75p, a few quarters of pure profit and it hit 170p
I never understood how it wasn’t bought up when the debt free position was nailed on? in clear view, It took an RNS stating they were debt free to really move the price, go figure, but when 6 months earnings is your companies market cap (MTL) you know the share-price is out of kilter, and that’s just how it is, I genuinely can’t fathom how good that last RNS was, and how little response it’s made to the share-price, but I know I have to buy more shares as and when I can, because they are been given away still, happy to wait for the inevitable rise, and the dividend, and the acquisitions etc etc.
Debt free by Q2 2024 is highly possible after those recent numbers, leaving at least 4 to 5 years unhindered cash generation, we have only just started on phase 3 gold, phase 4 and 5 untouched, and DB has confidence to extend the mine life from additional drilling, what may that generate after the debts are cleared? $200 to $250 million profit to purchase new acquisitions and pay dividends, whilst having a skilled team and mining equipment in hand, MTL have made this mine work whilst hindered by huge loans, imagine starting the next mining venture with all the ingredients required in hand, starting debt free, the company has a very bright future.
2/3 of the MTL shares are owned by the 2 major share holders, they are massively under water with the current share price, the interest paid to them on the loans made to keep MTL alive has been the their only saviour, they have had a rosey period no doubt, but it’s income stream is rapidly slowing, they will be lucky to see another $6 million in interest in the next 18 months, they will need to see a significant rise in the share price and a dividend stream to make the huge investment pay off, they know where we are heading, they know the big pay off is ahead, follow the money, they are billionaires for a reason, why do they still hold 2/3 of the share allocation, why did they try to buy out the whole company? because it’s a blindingly solid investment, currently in tip top shape for the first time.