Member Info for leehardcastle

Major…your choice, your the one who said gold was in a bubble at $3300, you post your opinions and that may have had an effect on many here, how many have sold on your beliefs? but you was wrong, that point is clear, the future I cannot foresee, but I can make an educated guess, and these are facts I base it on, The world isn’t going to make peace tomorrow, the $9 Trillion in US treasuries that require to be repurchased this year when it’s clear the world is ditching them is a huge problem in reality, but we know the Fed will print the paper money and buy them so all looks well, except it isn’t well, it’s just more of a demise for the dollar and the snowball gets bigger as it rolls down the hill, the debts spiral higher and the rush to gold will accelerate.

Time will tell who’s correct.

This is genuine from me, you have time to buy back now Major, little harm done, leave it and the ship sails away, it’s really hard to buy back when you have to pay a lot more, and your denial ends up you losing the opportunity, I bet many have been there, I know I have in the past, time is on our side, it’s not for those out.

Major do us all a favour and sell the other 2 million, your gold predictions are so far out you look a massive fool, and it’s cost you, because your lack of knowledge on what’s happening is why your selling instead of accumulating, which will end up being a massive mistake IMHO

AuInspired, I can use the latest numbers for 10 years and the point remains the same.

La India as it stands, what MTL bought for peanuts:

Using the first 10 years at 134k ounces at $5000 gold is $6700 million turnover less costs at $1200 average per ounce leaves $5090 million

Market cap for MTL today: $600 million

To give an equivalent investment it would be like buying a house for $600k and getting $5.09 million in rent over the next 10 years, would you want to own that house?

Now when those reserves expand (high possibility) then those numbers increase, the 12.4 years may end up at 25 years reserves, or double up production and keep it to 12.4 years.

Thats taking out any other aquisitions, that’s what your shares entitle you to, your share of that $5090 million in the next 10 years plus the rest that follows from reserve expansion, higher gold pricing and additional acquisitions (most definitely)

For all the noise about better places to put your money, it doesn’t get any simpler than this to make a case for holding.

La India as it stands, what MTL bought for peanuts:

12.4 years at 145k ounces at $5000 gold is $9000 million turnover less costs at $1200 average per ounce leaves $6800 million FCF.

Market cap for MTL today: $600 million

To give an equivalent investment it would be like buying a house for $600k and getting $6.8 million in rent over the next 12.4 years, would you want to own that house?

Now when those reserves expand then those numbers increase, all free additional incomes.

Thats taking out any other aquisitions to the valuations, that’s what your shares entitle you to, your share of that $6800 million plus the rest that follows from reserve expansion, higher gold pricing and additional acquisitions.

Broomtree, we heard all this before we bought Condor, what’s MTL going to do when Runruno is dry? Well that’s taken care of, La India is the future money spinner until the next plan is revealed, if you think we haven’t got other options and you believe the dust will settle on Runruno like an old fair ground then your welcome to go with Major at any time, but you don’t really believe that, hence why you stick around, Runruno 2 is in discussions as we chat about it now, and the plan will be revealed by May 2026 as Darren has said already in the last update.

Oh Major, have I upset you to the point you sold another 2 million, unbelievable, you spout nonsense and have the backbone of a jelly fish, It’s clear Darren was held back by the locals beyond his control, he’s had no choice to move to a new idea, Dupax was low hanging fruit, and the locals put a fence around it and hence it can’t be picked easily, so as MTL now produce more FCF than he had thought 9 months ago, because of that big move in the gold price, it’s opened up other possibilities, he can now take up another M&A opportunity as we have more cash, it’s hinted before H1 finishes, and as I said yesterday, Condor appeared from nowhere.

This period to La India producing is so short in comparison to the history of Condorians, I cannot fathom the thinking, record gold means $7 billion FCF is already baked in, and some how $600 million market cap today can’t keep you in.

Madness, well now you know why MTL is back down in price, Major wet the bed, hilarious.

The day to day share price only matters if you are wanting to buy or sell, MTL is on sale again, so take the opportunity.

And lastly, Gold and Silver are heading much higher than currently and the rush to these investments will come with it, this is still the sleeping phase of the gold and gold mining story IMHO

Probo, exactly, and many forget that fact, huge incomes incoming late 2026 and this time starting with zero debts, I know a few are excited elsewhere, but we are a rare beast, $160 to $200 million FCF Runruno incomes expected for 2026, Treasury shares in hand worth $60 plus million, cash in bank $40 plus million, Runruno processing plant and equipment another $100 million value all paid for, La india $200 million investment with $110 million paid for and just $90 million to fund, the Abra reserve worth $? million owned and paid for, reserves expansions on going and expecting to double current 12 .4 years reserves.

Runruno 2 (Runrunos replacement in the works) MTL an LSE AIM company with LSE FTSE 250 CEO ambitions incoming.

A little paitence will reward a lot IMHO

It may be hard for those who have only been an MTL shareholder for just 13 months, as you haven’t witnessed how Darren took a loss making mine near bankrupt, to a high efficient profit making mine, that’s not only paid off all $137 million debts at a horrible 15% bearing interest rate, then bought out a non compliant major share holder and placed his share in treasury, once debt free we had doom mongers saying we will run out of gold in 2 years and what a miserable outlook we had, then without a single word or hint, Condor was bought and the La India mine is 50% built, again achieved from the efficient and prosperous Runruno incomes, Dupax was the logical first target for continuing Runruno and he had to pursue it, the locals have scuppered it in reality, leaving Darren to pivot, and because gold has risen to new levels, his incomes are big enough to allow him to pivot to a new shovel ready reserve, the offers may have been on the table before, but the $40 plus million quarters being a reality for the rest of the year allow him to make a shovel ready project become reality.

The treasury shares that cost him £25 million are also piggy bank savings worth multiples of that investment, and can be put into play to help finance a new shovel ready mine, the hints were made in the Crux video and the drop of Dupax completely for now is another clue, the next Condor style acquisition will be just as out of the blue as Condor, an RNS stating interest will actually be a done deal in the back ground, and as we can see how quick we have built La India, Runruno 2 will follow 18 months later.

Other mines based on how the shareprice moves today is not a reason to let this amazing and masterful company slip from your fingers, be patient as the best is coming, and clarity for Runruno is just a few months away.

Happy to help Sakura, promise not to repeat myself too much, did I mention $7 billion FCF at current gold prices from our 12 years La India reserves? not to mention any reserve expansions, I may have ;-)

In out in out shake it all about, good luck StocksandRocks

Looks well advanced now, great video update

Just as gold shows strength again, I noticed Bitcoin has stumbled again, I mentioned Bitcoins reliance on both the internet and electricity being paramount to a digital system, when wars look more likely does that have any Bitcoiners worry about those requirements, as we know gold has a tail wind when the word war is mentioned, as its history of safe haven takes hold, but can Bitcoin say the same? Thoughts welcome, I’m not poking at Bitcoiners, I’m just interested.

Darren has been approached by over 20 companies as mentioned in his videos when he said MTL were “Bell of the ball” in the Philippines, as we know he has children and a wife living in the Philippines and he’s mentioned a preference to work there because of this, I expect it will be a Philippine venture, again it works for lowering the one district risk and fits his lifestyle.

I imagine there are similar projects to what we purchased from Condor, more advanced and shovel ready than Dupax, which was a low cost proposition had it worked, but moving the processing plant in country is a lot easier and many of his staff at Runruno may follow the work and move with the project.

I have a feeling the drop of Dupax being so final and the update mentioning a H1 target the talks in the background are all ready in progress with the other party, plus the $30 million loan reserve may be part of that thinking, a means to pay for it now, Runruno 2 here we come IMHO

Hey Major, you still reading the Financial Times and the BBC business page? Like a little puppet, is that where they told you gold was in a bubble at $3300, inflation is 3% when every thing is 30% more expensive, and it’s transitory, don’t worry all is good in your spoon fed world, just a shame it’s not, lucky for you MTL found you.

10 months to La India flowing and the other 50% build to be updated, in the mean time $40 million FCF quarters via Runruno and an announcement on our next M&A this H1, don’t doubt that one, some did doubt Condors acquisition, when it was first given a black and white mention I said it was a done deal, Condorians didn’t think so, and yet it went through like a hot knife in butter.

I remember those at 6p saying they would come back in 2 years, well 13 months later you can for 16p and don’t think you can come back in 10 months for 16p, 30p beckons later this year, and when the FCF comes thick and fast in 2027 that number will grow again, along side the build of Runruno 2.

Patience is all that’s required.

Sources in the know reckon 15 tonne of gold was sent to China last month, and they report 1 tonne, and have under reported their purchasing for many years, China will have around 10 to 15 times more gold than the 2308 tonnes they tell the world, keeping their purchasing as insignificant and low key as not to increase the price more whilst they continue to increase stock piling the precious metal in their reserves.

Has the USA got their 8100 tonnes yet? Funny how Trump and musk were going into the vaults to prove it a year back, then total silence since, now that’s telling.

Good on Simms, he’s got it correct with MTL, I thought I would add another £25K this afternoon, got my 8 million target now, locked and loaded, hasn’t shown yet on the trades.

Thank you Siengred, as long as the unbacked FIAT is replaced by a system limited by it design, a gold backed FIAT system or bitcoin backed system works, gold above and mineable below ground weighed in troy ounces is about 1 ounce per human being, so it’s easy to have a value on each ounce and prevent paper fraud creation as we have suffered to date, wealth would be measured in your gold ounces, silver as a smaller denomination possibly.

I know this sounds mad max but when you have wars which would you prefer to be using? A computer based system or a piece of gold? When the power supplies or internet are destroyed, you can’t use bitcoin, look at Ukraine as an example, they have neither in many parts of the country, they will be bartering with valuables or ever shrinking paper notes, how long do we expect the internet to function in a major war, the fibre optics in the seas would be the first to go, then the powerstations, imagine what happens to bitcoins price then? Imagine how high gold goes then? I hope we never see such things, but physical assets will be the only wealth preserver.

Sorry if facts bug you Major, have you an answer to why gold has risen from $42 to $5000?

Just for you:

Gold was used for thousands of years, so was silver as money, it’s because of the metals physical makeup it was chosen, because it’s doesn’t lose weight with age, it cannot be broken down, the weight of the metals determines the wealth of the person holding it, it worked perfectly for thousands of years and still does today, the paper note has been sold to recent generations as money, and today people have forgotten that it’s not money, the note was a promise to repay the holder the same value in gold, which they did, until the governments had printed so many notes secretly, they could not pay back the gold promised, and defaulted, leaving those holding paper instead of gold.

The lack of understanding on this fact is why the world is suffering a consistent lack of purchasing power with these notes, and hence we now need $5000 notes to buy that ounce of gold that only required $42 notes to buy that same ounce in 1971.

The printing of new notes is now gaining speed as the debts spiral, and the realisation of the fact these notes have and will continue to lose purchasing power, that’s why both silver and gold will increase in value, and the media still doesn’t educate todays population correctly.

The central banks understand it, the Asian population understand it, and those on this platform most likely understand it unless your name is Major ;-)