Member Info for leehardcastle

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’s 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, it’s not a gold bug theory, it’s just fact.

What ever he buys is to add value to the company, he’s not buying to decrease the value, so using terms dilution and debt is clearly a de-ramp post, out of the whole video and it’s positive slant, that’s what you pick up on, hey, that’s fine, it’s a possibility, but it’s not to the detriment of the share holder, it’s to increase shareholder value longer term.

We will not be diluting or need finance…typos

Dilution and debt, nonsense, La India is producing from end of this year, we are talking 10k ounces gold a month, $38 million FCF a month at current gold pricing, starting December 2026, we own the plant and equipment, we will have spare cash even after the La India build is complete, we have maybe $60 to $90 million in treasury shares by that point, we will not be dilution or finance.

La India build at 50% now, when we get to 70 to 80% you will see a rise in shareprice as the market catches on the the reality….Darrens words

Dupax now clearly is too hard to continue, so let’s move our 2 mta plant to a shovel ready project asap.

Brilliant update

Sportsman’s bet, let’s see who’s right in 3 months time, gold has a history of thousands of years and patterns have been recorded, Bitcoin has a history of 17 years, you haven’t got a past with Bitcoin as such you can’t make comparisons, no one knows how it will behave in a crises, but we know what gold does, I hope it does well for you, I’m not invested in Bitcoin.

Sakura, your still nit picking ;-)

Sakura….your comment:

“Lee really not sure where your “consolidating nicely” comes from” if you had printed the rest of my comment, I mentioned $4800 to $5000 as area I suspect to hang around, that’s intact as far as I can see, you need to stop nit picking, all the reasons both gold and silver rose above these levels have not changed, the background story is the same, the paper number has been shot down but the demand for the physical is still there, try buying either gold or silver, out of stock everywhere, try and ignore the noise, both metals are going much higher, and as for selling MTL in tandem is madness, La India’s profits per ounce are massive at any of the gold prices seen this year IMHO

Bitcoin 7th Oct 2025 £92600

Bitcoin tonight £47100

Gold 7th Oct 2025 £2944

Gold tonight £3544

Don’t be fooled by the volatility, it’s just a passing phase to higher pricing, Gold is the safe haven.

You always get a low point before a big move higher, I bought precious metals for long term wealth preservation, the volatility has zero effect on me, as nothing is for sale, and gold is holding very well, have you looked at Bitcoin, now that’s a real disaster.

Golds consolidating nicely at the $4800 to $5000 levels, roughly $800 dollars above the 2025 Q4 average of $4100, as the title “Zooming out” shows, we have had a cracking start for the precious metals this year, and MTL have had the benefits, the disconnect in perceptions is still around, MTL is still on sale, look beyond the noise, we are having a great start to the year, and we know La India is going as planned, the time to a operating mine is shrinking, the 2 year wait from inception to operation is now just 10 months away, 3 little seasons, the incomes from Runruno are fantastic, La India offering around 3 times more production is to be staggering, with 1000 AISC being amongst the best in the world, let’s see what Darren has to add this week, I know this from his last videos, extremely detailed and reassuring.

As MTL is on sale again, I had a cheeky 50k shares, wanting 8 million, nearly there.

Gold price today $4900

Gold price 2 weeks ago $4750

Gold price 1 month ago $4330

Gold price 3 months ago $4000

Gold price 6 months ago $3360

The trend is clear.

The next milestone will soon be upon us, many of those from CNR and MTL have literally been waiting for this for 10 years, now we are talking 10 months, be right and sit tight, I wonder how many have been shuck out over the last week, basing your investment on the days gold price is not investing, it’s a timeframe that’s classed as noise, a weeks timeframe is better, if you look at monthly charts you get an better picture, both MTL and the metals have a clear direction higher, and the long term investment is going to be the winner, in and out style trading only works for the lucky or skilled long term.

Q4 2025 (not Q4 2026)

The gold price for the last month has averaged $4700, that’s a great start for Q1, should we go side ways for the rest of the quarter, we will have a cracking quarter, the average spot gold price for the recent Q4 was $4100 for perspective, La India is just 10 months from delivering, and gold price is higher each quarter, forget the hockey stick rise, it was a bonus income for a few weeks, but it was as seen just too fast a rise, the dust will settle and we will find a solid new gold base line, of which is a lot higher than 2026 Q4

Keep perspective and enjoy the build as it unfolds.

Cheers Foreman, will watch Clive with my morning coffee, Maneco64 has his live show at 8.00 pm tonight, Clive is usually one of the live attendees.

That video from Clive was before yesterdays huge moves, he only started his show last year, he was a regular guest of maneco64 who I absolutely watch everyday without fail, both are very knowledgeable.

Does anyone know the closing price of silver in Shanghai? That’s a physical exchange and so is far more accurate to the real price and demand of silver, yesterdays move from $118 down to $73 and back up to $85 at close in one day is not real deliverable market forces, it’s never been seen before in history and is only achieved by paper trading, the physical metal available is a small fraction of the paper positions traded, the market knows the situation and who wouldn’t take delivery over rolling over another paper trade/bet?

Something is seriously wrong in the financial world, and the volatility is an early signal.

As for MTL, the gold price closed at the same price 1 week previously, if some invested in MTL sell and buy on weekly gold pricing, then you won’t make the course, this investment is growing in terms of years, not days and weeks,

Why are you blaming AIM? The sellers sell at every whim, in a heart beat they forget the whole investment, 2.4 million ounces didn’t disappear, the mines production didn’t stop, and gold price still remains $900 dollars higher than Q4s averaging selling price, so traders run for the hills, and investors hold and add, the MTL story is just the same.

Major, this is market manipulation at its best, the rise in gold and silver is burning the banks shorts, so to get out they raise the margins to force selling, they put in huge new shorts to bring the price down so sharply it hits stop losses, and the price continues to tumble, but you try and buy the actual metals at those prices, you can’t, all sold out, or huge margins above spot, I just tried to buy some silver when the spot was $75 an hour ago, nothing to buy, frozen website, then when it opened for business, the margins were so high, it was more expensive to buy ounces of silver than it was at my last purchase at $97 two weeks ago, you can’t get the metal, so the spot number is irrelevant, it’s a last throw of the dice for the banks, desperation, hold onto your metals and shares as the fun is about to really get started, we already have our lifeboats, the ship is sinking.