Member Info for leehardcastle

16.29pm 14.11 sell and 14.17 buy

100k dummy orders by my own hands

excuse the last typos

Do not know, but I know the buyers out did the sellers, so lets hope the consolidation is nearly over, new hands with patience should see us back to previous highs soon enough, have a great weekend all.

16.29pm 4.11 sell 4.17 buy 100k dummy orders by my own hands

My thoughts too, this is the period we start to generally rise, as we know Q4 numbers are going to be good, only 2 weeks of 13 left and average gold is over $4100 so far, good luck but I think we will see 15p before you see 11p

Time will tell

The options put into perspective goes like this, if all the MTL shares in existence are worth £5 in total, and this unknown investor just paid 1p but got 2p worth of shares, that’s what happened today.

Now using the same shrunken values our company is expecting to make £4 a year FCF from 2027, do you care that the unknown investor gained a 1p advantage?

Huge expansion going on in the background, giving us the ability to make $400 to $500 million FCF from 1 mine and we sweat about this mans one off $1 million free ride.

Doesn’t change a thing, crack on Darren.

It makes me laugh in all honesty that gold can rise 25% increasing company profits by about 40% and have no effect on share price, yet 0.4% additional shares in circulation bought by an unknown shareholder for 7p has sellers appear and the market maker drags us down 4%

Wait till Darren pops the really juicy news and watch the scramble to get those shares, crazy behaviour and the market makers love it.

The 299 million shares in Treasury were bought from Edwards, at the time he was the second largest shareholder, MTL and Edwards parted ways and paid 5p for his shares and put them in Treasury, so we have them to raise money in the future, they are an investment, not a cost, we can sell them at a much higher price down the road, maybe to part fund a third mine etc.

Https://metalsexploration.com/wp-content/uploads/2025/11/Metals_Exploration_Presentation_November_2025_final.pdf

Have a read, it’s all in here.

Major…..your full of ideas, but the price of gold this Xmas at under $3500 was not your best, and now you obviously don’t read what’s put in front of you, where did you get 80k ounces in the 1st year? MTL in the last presentation written by Darren Bowden clearly stated 2027 production from La India at expectations of 126k ounces with combined end of Runruno gold and 1st year La India gold, rising to 132k ounces in 2028 and 154k ounces in 2029.

Just to be clear on next year 2026 he estimates 71k ounces with Runruno and a little La India working together.

No mention of Dupax production yet, but expect it to increase 2027 numbers onwards should it have the go ahead.

PJ70….I think Dupax is a goer already, we just don’t know yet, but you really underestimate La India, saying La India as an alone producer we will reach 25 to 30p is wrong, that will be day 1 of production, when it’s made clear we have 5 million plus ounces as per Darren believes, then do the maths at $3k margins, that’s $15 billion FCF over the years, and you think MTL will only reach $1 billion in value? That’s crazy talk, if I offered you a business for £100k knowing it would generate £1.5 million FCF, would you not pay more for it? Yes you would and so will the market, that’s just La India, nothing else, but we know we have the $100 million in value of Runrunos plant and equipment as a minimum, to be reused somewhere if it doesn’t stay put, we know we have the Abra tenament, but don’t underestimate La India, it’s a monster and we have already improved production capability to 185k ounces per annum, the income flows will be huge.

Pennies to pounds in play.

Well over $3k margins in play for MTL, what an amazing time to be a gold producer like us, once in a life time my fellow investors, hold onto your shares.

That confirms he’s been a big seller, and the word majority means he’s sold most of them at the time of the interview, how long ago that was no one will know, he’s definitely been selling hard recently in my view, and the big trades could have been his last, Friday was positive and could signal that he has finished, fingers crossed, an opinion from a healthy 58 year old, fresh as a daisy.

Last year I used to predict for fun the average gold price of sold gold, using charts for the 3 months, and was never far out, I think the difference is too small to worry about, a percent or two, it was when Darren started hedging it distorted the numbers, it was why I stopped predicting.

Without hedging this quarter, I would say we will be above $4100 for sold gold this quarter.

17k ounces and $1250 AISC

Usually pretty good at this in the past.

I fully ignored it ;-)

I think the anchor is lifted, did say it will be pronounced when the seller is out, those large trades may be the last of his holding, fingers crossed we are passed the worst.

We all deserve a little appreciation for what’s been a very solid update and gold is flying, we are after all a 70k ounce producer, mine building explorer, what’s not to like?

Australia AISC of $1700

Nic AISC of $1000

I know where I would invest, forget the Aussies

PJ70….we have 50k ounces sold up to Sept 2025, we expect 67k ounces sold for 2025 in total, so expect 17k ounces for the Q4 2025 period.

The average 140k ounces per annum for the years 2027 to 2029 are purely from La India production, although Darren has already expanded production ability in the build, so they could increase.

2026 production is estimated at 71k ounces.

All info from the recent presentation.

AuInspired, I take it you’re not related to Jim Mellon? That’s a nice size holding, well done

Jim Mellon received his shares on 16th Jan 2025 and by 29th June 2025 he had managed to sell 129 million, the last 87 million from June 29th till now have certainly been on sale, how many is left is the question, but at just 1/2 million to 3/4 million per day being sold into the market would have him close to zero, when that is fact, the anchor will be raised, the effect will be apparent, have no doubts on that.

Jim Mellon is nearly 70, MTL was not his investment, so hasn’t got an interest in the company, other than a massive holding given to him as part of the Condor to MTL share conversion, he’s been selling all of 2025 and so that’s not going to change until he runs out, which is inevitable by its own nature.