Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Wow, what a year, $39 million paid down, under $99 million remains, stage 3 must be accessible, no statement saying not, access advancing, Q4 was as good as I was hoping for, well done MTL
Looks like the penny is finally dropping, inflation is out of control and here to stay….$1840 gold
Highest level in 30 years
We will see 3p in 2022, but as Carefree indicates, the big gains are from dividends and the share price that supports the dividends, a 10p share price supports a 0.5p dividend, that’s a relatively low ball stab when we clear the debt, and the debts falling quicker than many believed possible, the gold price is only set to go higher and the interest amounts to shrink, and what do you have to do? Simply hold your shares, they are a gift at these prices, that’s a fact.
I’ve said this a few times before, but when we first financed via a Bank loan at the point where the mine was ready to start processing its first gold we had loaned $83 million over 2.5 years at 8% and we had a market cap of over £100m, gold was around $1200 an ounce and we hadn’t made a dime in gold, the Director at that time purchased £250k worth of shares, how can our current market cap of £30 million be right? When we produce $40 million profit per annum, and set to go higher, it’s a waiting game but the numbers don’t lie, I’m completely bemused how investors can’t wait when the possible gains are so large, a rerate to sensible value will take place at some point, just wait.
That was a strange offloading this morning, think they might regret that in a few days, no news is not a reason to give your shares away, MTL are at a turning point this year, I have absolutely no doubt on that, we really shouldn’t be this cheap, it’s time for a re-rate, I see 3p on the horizon, 6 months maximum.
Your a MTL millionaire sham :-)
Darren Bowden seemed very confident on improving production at the Q3 update, so we may get another surprise, 19k ounces would be very welcome, access to the phase 3 and 4 gold is the must have achievement, 85% efficiency….the icing on the cake, not to long to wait, tick those 3 boxes and re-rate must be on the cards, plus gold is looking to be gaining traction, the penny stock days will end at some point, but I’m here for the dividends along with most so it’s been helpful building up a larger collection of shares in my holding, so no complaints
Darren Bowden may have under estimated 2021 gold recovery numbers on purpose, it’s better to exceed than to fall short, and exceed them we will, even a 15.25k ounces Q4 will achieve a 70k ounce year, and investors will see continued improvement as a heathy signal, so he may underestimate 2022 numbers in order to lower the chances of future disappointment, bluntly saying we can’t achieve 100k ounces was easy to say, but 80k ounces in my opinion is a low ball maximum, just based on this years performance, but I wouldn’t be surprised to see Darren Bowden state that number based on his low ball numbers quoted for 2021, but 80k ounces would be seriously profitable for MTL especially if we stay at these Gold prices for the year, lower interest costs and running costs will have just as big effect as higher production, and they are certain to be an additionally positive effect in 2022, I think we can all agree the future is looking brighter than ever, the wind is in our sails.
If we can produce nearly 20k ounces during Q3 2021 and we are in lower grade gold then it stands to reason we can produce more in higher grade gold, so over 20k ounces is achievable, 22.5k quarters will produce 90k ounce years and that’s just a 12.5% increase in the gold grade, I think it’s very attainable and past comments don’t always reflect current practices or achievements, time will tell but my glass is always half full
Surely?
Gold looking strong for the last day of 2021, MTL is set to have its strongest results to date, only a couple of weeks to find out, as for 2022 I believe 80k ounces next year will be the low ball prediction, we have hade 20k ounce quarters already, so higher grade gold and our 84% efficiency will deliver the extra goods next year, 90k ounces must be the upper target, surly, Happy New Year to all here.
No brainier at these prices, keep stacking
We will see new highs next year as the higher grade gold starts to show the real income potential of our mine, plus the ever reducing debt with a huge drop in interest to come during 2022, complete no brainier at these levels.
Totally agree 100%, MTL will rerate over the next few quarters, inflation is here to stay throughout 2022
2021 has seen a solid $1800 dollar average for the year, funny how gold stocks have had such a poor year considering the spare cash they are all generating at these excellent levels, the year ahead is ready to see a come back in all these stocks, price to earnings are amazing throughout the majority of the sector and are due a correction IMHO
It’s been a pleasure on this board and I’m excited for the next year with MTL. Merry Christmas everyone
Hi Probo, I’m pleased to hear you have been successful with the crypto scene, you were an early adopter by the sounds of it, enjoy your new chapter (retirement) keep busy and don’t risk what you have made, play with 20% of your winnings and you can’t lose your shirt, that’s always been my strategy, merry Christmas all
Similar holding to carefree, happy days, well you must have some great dividend paying stocks to get £20k, well done, long term holders get the cream in the end
I’m sure the profits have been huge for many with crypto investments, but 15000 plus Crypto ideas shows it’s a jump on the bandwagon investment, it’s going to go up so everyone jumps aboard, exactly what happened in the dot com bubble, I remember seeing 2p shares hit over £1 in a matter of months, new business ideas promising punters that the idea will change the world, 1 in 100 came good, the rest went bust and the 2p to £1 to 0p was everywhere, and yet hype and the lack of investing experience saw the vast majority lose their money, waiting for the bounce to new highs, Bitcoin and a handful of others may find long term financial useage in the world, but they have already made the gains, the upside is small, the early adopters who have made the huge gains are getting out, the late adopters will wonder what happened when the prices fall back to sense, stocks are safer, they go up and down but they are based on earnings, if a company loses money so do you, if it makes money then it has value, and a dividend is the reward, long term that’s the value.
I also remember the same argument when I was buying dot coms, I was laughing at the returns made by safe stocks, energy, water, telecoms as I was doubling my money every few weeks, old fashioned 6% dividends was for fools, but the fools at work were telling me that my dot com investments had no value, no fundamentals, and I wasn’t bothered because I was making huge gains, and the hype kept me on board, even as the gains disappeared as quick as they came, until the pain got so bad you end up selling out at a loss and look in disbelief, that’s what’s going to happen to 14950 of the crypto’s, I have no doubt what so ever, that’s from experience, something the young can’t have because of the limited time on the planet , and the risk acceptance set to full speed ahead, because the young brain hasn’t fully developed, perfect candidates for crypto bubbles, no offence meant, just my opinions, but I reckon the majority of the crypto buying is from the under 30s, looking for a fast path to riches, for 90% it will be the opposite, the 10% who make fortunes got out on the top of the hype, smart move, wolves, the sheep will be slaughtered.
My take on Crypto is it’s a super high risk play, the boat has sailed, the gains remaining are small, the losses are infinite, it has no value, and is more a form of gambling, it’s been played with spare cash by private punters, that spare cash is drying up and the smart are already selling.
Stocks are buying a piece of a company, if it does well, so do you, if it does bad, so do you, but you only buy stocks with inherent value, as in they produce money, gold mining stocks at the moment are valued low when the actual money earning ability are actually very high, so regardless of the value of the share price, a dividend paying company is earning you money, so long term, stocks work out to be very good plays, a company that’s not earning a dividend yet, but has a super low value until it does can be a double win situation, as in the stock price will be multiples when it starts paying the dividend, and the dividend will be a large percentage of your initial early purchases, patience is required, but the pay off is huge. IMHO of course.