Member Info for leehardcastle

Cheers LB

I signed up for his report, but it won’t copy and paste, after reading it, looks like it’s already been mentioned here earlier, very positive though, thinks finance is a done deal, likes the CEO and thinks debts will clear in no time, his last comment was “let the good times roll” took the words out of my mouth

See Buy recommendation on Shareprophets: this was posted by wiseacre on ADVFN, has any body have access to Shareprophets, if so please copy and post it here, be interested to see his thoughts, nice day, off the start line, sooooo much to come in the next week or 2

Although with a new CEO, you can’t really use history to predict his style of relaying information

MTL usually release production updates at 07.00 hours, so I’m not expecting a trading hours release

Let’s get back to some normality, Sub 1p days are signed to history, news on production any day, my prediction is Wednesday

Adam, Yout right, the CEO has hinted good things, and as we know, MTL have never been shy to tell us bad news, but nothing has been relayed from them, so no news is good news, that’s how I see it, the BIOX circuit has always been the biggest issue, and they said it was proving stable and even demonstrated an ability to run at 120% of what’s required, the new CEO knows the key is stable production, can’t wait to find out if we have finally turned the corner, but I’m very confident we have, I have never felt as confident before, kind of got used to bad news, frustrated, knowing it’s potential but never really showing it, but it has to turn at some point, if you don’t succeed, try, try again, fingers crossed.

If you take a look at the last quarter figures ending 31st Sept 2018, we ran at about 42% of nameplate design, so it was a poor quarter for many reasons, the gold sales of 10.5 k ounces raised $14 million but costs to run the plant and pay executives cost $16 million, so a loss of $2 million for that quarter, not that bad considerumung we ran at just 42% of performance design, so if we have managed to maintain 65% as mentioned in the previous RNS for October and November, and hadnt increased as hoped for December, then we would produce 16.25k ounces with a value of $20 million, so if operational costs remain the same at $16 million, we have a $4 million profit for the quarter, but if we managed to get December gold production up to 85% then we would over $23 million in gold sales with a quarter profit of $7 million, and god bidingi we ran December at 100% (very happy days) then we would make $26 million in gold sales with a quarter profit of $10 million.
Well we will know this week, I will be extremely happy to see 17k ounces of gold and stable operational costs, looking forward to the RNS this week

Hi Roy, it’s a share that doesn’t get hyped, gets the odd mention and has been tipped a few times, but won’t be on many investors radar, some AIM stocks have hundreds of investors buying on momentum whilst talking of paper thin promises, a few make a lot of money on the back of the last ones in, wondering what happened when the share price plummets as the early rampers pull out, and when they realise the company had nothing, it’s too late, but MTL is a heavily invested company with assets many times its share price, it’s a solid business you can look at, 650 employees, proven resources, the market will wake up and realise it’s undervalued, no share goes up in a straight line, ever, but I feel the longer you hold a solid business, the better, especially in Gold stocks, not the ones who have discovered gold and are 10 years from production, but ones that are mining like us have to be a safe bet, a rising asset in an uncertain world, low cost labour, strong investor support and positioned in a safe part of the world, patience will pay, many will top slice on the way up, and that’s normal, but if we can keep production on track, the money will flow and the debts will shrink, that’s not happening in the next few weeks, so I’m holding tight, I will top slice 25% of my shares at 5p, where I made my initial MTL purchase, then hold for dividend payments, I’m looking for a small pension income from this mine, if I retain at least 1.5 million shares, they will pay a handsome dividend. GLA

Hi Adam, I go by the name johnybigarms on ADVFN, I post on there but you don’t seem to get a lot of response, but I used to read LSE all the time, and used it for trades information and the chat boards, but haven’t been signed up to them until very recently, felt it was worth it to put my feelings across, I have invested in AIM stocks for decades, mostly very successful, got my fingers burnt a little on the dot com bubble in 2000 but have wisened up with age, look for value and the cream will float to the top at some point, I like buying shares because they are yours, whichever way the price goes, you hold until something fundamentally changes where you are wise to sell, Speadbetting and shorting is not for me, too much like a casino, I have patience to wait things out, and it’s always paid me well for doing so, I have sat on paper losses many a time, usually as my timing was wrong, but average down if I feel my investment decision is still valid, classic case here, I’m in profit at the moment, which is nice, but I reckon the big profits are coming, it’s been great on here recently, MTL has never had a pump and dump feeling to it like a lot of AIM stocks, it’s always been under the radar, don’t think that will remain to much longer, cheers and good luck everyone, keep your opinions coming, which ever way you feel we’re going.

I think we all agree, I know it sounds like ramping, but it’s really not, I’m here for the journey, I’m not here to pump and dump on a spike, I’m just making a point of how rediculouse the current share price is, especially from where it’s been along the journey, 12 years to get to where we are at, it’s priced as a complete disaster, but it’s a million miles from being so, I just hope current investors realise the potential and hold for the real money.
I have found most gold mining investments climb to huge market caps on potential, but the early investors who hold long term get their shares diluted by endless fund raising to bring a mine to fruition, hence why MTL grabbed my attention over 2 years ago, it was the fact it was finished with all that, testing the equipment and ramping up gold production, plus the fact that a director had just purchased £250k worth of shares at 5p, I figured he knew the potential better than us PIs, it’s been a mix of bad luck and perhaps poor management that’s dragged us down to the 2p region, but this last month or so was simply crazy, thankfully, an opportunity, one I think many long term holder have capatalised on, because we believe in the company to get it right from experience gained from its past failings, if your new to MTL, just try and appreciate how lucky you are to be onboard at such a low entry point, very exciting few weeks ahead, I’m totally confident this is the fulcrum for the turn around we have all been waiting for. GLA

Roy, can you tell us how much you paid for your first batch of shares, and what was the highest price you paid and when, it’s just to give perspective to how lucky some are at the moment to be rising from such a low base, I’m pleased you had the chance to average down with such effect with the recent lows.

I reckon 2p by the end of next week, 3p in 2 weeks time on confirmed finance reshedualing, and 3.5p in 4 weeks time when the brokers and tipsters re-rate their predictions for MTL IMHO, what do you think?

Paying 0.9p is a pittance, this is the start line, the sub penny share price is rediculouse to any one who knows this companies history, it’s a shame for those who were scared out by trolls like the “Kingpin”; (bet you he’s still quietly watching) treating a respectable business with total distain, hold tight to your shares, don’t be giving them cheaply to make a few quid now, this is a classic come back storey, 5p in 2 years, 10p in 3 years when debts are cleared and paying a dividend, 15p when they Jorc the adjacent mineralisation to extend the mine life another decade, 20p if gold ever hits $1800 dollars an ounce as experts predict in the next 10 years There are investors here who paid £100k for a million shares just a few years ago, and there will be many who paid a lot more, this is before the mine had made a single ounce of gold, next week we will have confirmation that the mine has produced around 50000 ounces or more last year and the share price is under a penny, even with today’s rise you can pay just £10k for a million shares, I can’t stress how cheap we still are, those who are waiting to have everything spelt out will pay 3 x times today’s price, and I understand that’s how some play, nothing wrong if you prefer a lower risk investment strategy, even at 3p they will have made a smart investment. Exciting times ahead, enjoy your weekend

0ver 0.9p to buy 1 million, someone’s buying a chunk before results next week

What gold production figures for the last 3 months are we getting next week? Thoughts anyone? I will say 17k ounces, closest to the figure next week will be a “Gold Legend”

When you look at the finances from the site information, they look complicated at first look to any one peering in today, but they are fairly simple, the banks loaned the project a total of $83 million back in May 2014, the loans should have been paid back from the mine earnings but because the mine had struggled with extended teething problems (Licences, BIOX, Back up power, etc etc) finally, all have now been resolved, so the Gold production has been increasing at a slower rate than planned, so the biggest shareholders (Candy Brothers) have kept the Banks happy by stumping up the payments, but the MTL now owe the banks and the Candy Brothers $102 million in total, so in reality the company has gone backwards to the tune of $5 million each year for the last 4 years, which in the overall scheme of the build costs is small fry, because when the mine runs at 100% production levels, the $102 million is about 2 years profit.
The interesting thing is the Candy brothers own nearly half the shares in issue and are owed nearly half of the $102 million in loans, they have kept the banks happy by making the payments, that’s increased the total size of their variously titled loans.
It would just make sense for the Candy brothers to pay the banks back in full ($52 million) and set a sensible interest rate on the whole $102 million to let MTL get on with production of gold, after all, it benifits the Candy brothers who own nearly half the business to be profitable as soon as possible.
I’m hoping that’s the refinancing solution, the Candy brothers have deep pockets and could do this at a drop of a hat, I’m excited to see which way they tackle it.

This new CEO is so refreshing, that’s more detail in one RNS than I have ever had in over 2 years, it’s the correct order to announce information, tell us the current and past now, inform of forward plans, then release new data as it’s compiled, finance figures shown were the last quarter, you have to post them now to let the new figures released next week have some bearing, if they produce between 15 and 19k ounces of gold this quarter, you will see an uptrend in production, then I reckon finance deAls will be posted 1st week of February, with the deal signed off at the end of January as agreed, hold tight to your shares, this is only going up from here, give the CEO 12 months at least to show us his metal, don’t be impatient and grab peanuts now, I know I’m wasting my breath on that one, because most people are impatient, but look at AAZ to see how patience has paid off for those holding, many we’re out of pocket for years, all that held tight are making money, and receiving a dividend, some have 25 bagged from the lows, and there mine has a shorter lifespan and smaller nameplate production design, check them out as a comparison, AAZ had finance issues too, but they were sorted and they never looked back.