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JWBellamy
Troll who spouts lies to effect the price, shorts shares.
Motley fool should print an up to date review on MTL, they keep talking about debt in the last 2 articles, no mention of the fact we have 4 years LOM at Runruno either…come on Motley, get your finger out
He posts on other chats boards and talks utter lies and nonsense, I suspect he shorts shares, please short this one, you would get your deserves.
Darren Bowden has it in hand, he will have one or two small scale mining plants set up mining high grade targets within a year or two, he indicated they can produce similar results in cash profit to the large scale low grade mines, for less than $10 million set up costs, I see the Abra tenement being used in that manor first.
He’s indicated he wants multiple incomes.
Average gold sale price for Q1 was around $2090, that’s over $100 higher than any other quarter, average interest charges of $1 million a month since we started paying down the loan is a thing of the past, so that’s another $1 million a month adding to the war chest, with gold at ever higher record prices, we are in another league today, who knows what we will spin off this year? But I can honestly see $100 million free flow being a possibility, based on $73 million free flow in 2023 at a much lower gold price and paying interest on the loan, $100 million? let’s see.
4 years LOM, 1.29g/t average gold recovery, 80k ounces per annum making $80 million annual income.
$5 million to close the current mine at Runruno.
Hope that helps
Totally agree Mac, couldn’t have put it better.
Debt free at record high gold prices, the chains are off, we are now sprinting ahead and the cash is already being banked today at $1000 profit an ounce, and we all own our share of that cash, very happy days.
Mikehr1991…it’s hard to know where the share price can end up this year, it’s a fact we will produce 3p per share in free flow cash this year alone, tax on that 3p is an unknown as we should have tax losses from previous years that may offset taxation for a while, gold miners that produce have a price to earnings ratio of between 7 and 20 depending on size and risk, so it’s clear MTL has a lot of catching up as we are priced at 4.3p per share and average earnings of 3p per share.
We have 4 years remaining earnings from Runruno.
The Abra tenement and other aquisitions may light the touch paper when we have more detail on grades and quantities.
I can’t imagine a better place than MTL to have your cash invested.
Always remember, cash in the bank is both the companies and the shareholders, the little slice each and everyone one of us own, Darren Bowden could split say $10 million in 3 months time between us all, he will have the cash to do that, it would certainly raise the share price too, but if we let him use that cash and buy us the machines to make that $10 million work, those machines make us $20 million and that $20 million gets spent and makes us $40 million etc etc.
The seeds planted now rather than later will make us all far richer in the mid term than most can possibly imaginable today, well done everyone.
Anyone selling today are utterly crazy, it’s unbelievable, you need your hands tying, this is a BUY BUY BUY, you cannot fathom how much this changes the companies position, we spin $20 million a quarter, $80 million a year free flow cash, believe me, this will filter through to us down the road, but Darren Bowden has got bigger ideas with that first allocation of cash generation and it will be planting the seeds of our future, why slow that growth with satisfying a short term dividend gain, the multiple mine income Darren Bowden talks about is now a reality, we have the cash to buy that dream, when we do get a dividend it will be a share of a much larger pot than the one we have now.
I have beaten the drum here for years, today is the day I was saying would come, today is not the day you let go of the dream, hold tight and simply enjoy the next few years at a minimum, it’s just started today.
Darren Bowden in Feb 2024 told us we had 4 years mining life at an average grade of 1.29g/t remaining in Runruno.
Thats enough for 75k to 80k gold ounce production per year.
He did mention a month or two possible extension on the fringes but didn't mention the grades.
Due to the nature of back filling the waist and planting trees as we go along the costs to close the mine will be small and he mentioned around $5 million in total.
The mine life is easily long enough to get the Abra tenement and possibly further aquisitions set up, he expects to have income from small scale mining plants on high grades targets in operation within a year or two, creating further cash generation before and during the period of closing Runruno and starting production at the Abra tenenament.
Darren Bowden stated the speed in which we have managed to pay down the debt has opened up many new possibilities as the war chest cash accumultion will allow us to persue mutiple aquisitions.
I expect news on other targets later this year.
Post copied from ADVFN chat by johnybigarms (He really does have big arms)
We have our Q1 results to review in few weeks, Gold average will be a good $90 dollars above the last results, at 19k to 20k ounces average production we should have generated well over $40 million income, we could actually be debt free at the end of this quarter, but if not it should be only a week or two additional mining to actually achieve the debt free milestone.
At current gold prices we should be producing $80 million free flow cash per year, our tax free period will come to an end but I’m hoping we will have a few quarters free of tax using tax losses from previous years.
Should just $12 million of that $80 million be paid as a dividend, that’s 0.5p dividend per share or a 12.5% dividend yield at our current share-price, but I feel the share price would be nearer 10p at that point, a £200 million market cap paying a 5% dividend.
Our market cap is £85 million today and we will generate £60 million free flow cash before tax in 2024, with 2025 2026 and 2027 set to repeat those incomes, this is without the Abra tenement income that could be worked creating cash with a small scale low cost set up, online in just a year or two, giving us multiple incomes.
Long term we have decided to close the current mine in 2028 and move the infrastructure to the Abra tenement to carry on with a large scale production over another decade or so with luck, results on gold and copper stocks pending but Darren Bowden hasn’t decided to purchase this tenement blind, I’m confident he knows it’s a viable project already, after all the sample drill rig is on site, it’s likely it’s been working and loose results are already in those with the know.
Hope that helps those looking in and wondering should they invest.
Couldn’t have put it better myself ;-)
That’s great, I must admit I post a lot more, but the merits here have been misplaced by many in the past and I think it’s needed a positive spokesperson to help those keep faith, I am pleased it’s coming together and the faith has not been misplaced, I know with certainty now the future for MTL is onto an upward trajectory and we simply have to stay put, increased my holdings again yesterday as we are still in bargain territory, hope you continue to hold for the longer future, I have dividend aspirations on the horizon, Darren Bowden will take us there and with gold becoming ever more precious it just get easier and sooner.
I watch Maneco64 via YouTube and he describes the reason for golds continued rise, put simply, gold is real money and cash is simply printed to death, the governments just turn on the printing press every time they need more cash to balance the books, more notes in circulation means they have less value and you need more notes to buy the same item or ounce of gold.
He believes we are heading into oblivion and says don’t hold cash, hold gold or assets and protect yourself, MTL is a leveraged bet on holding physical gold for me, hence why I’m happy to turn my savings into shares.
Share price is ready for a swing back higher tomorrow.
Gold has just hit new highs, Q1 numbers are going to be bloody amazing, minimum $100 dollars higher than the last quarter.
Gold heading to new highs, I’m amazed at anyone selling at the moment, crazy, short sighted, but I couldn’t resist the bargain opportunity and took another 100k and 1 share for fun, think I’m on a buying spree again.
6.3 million and 1 share and counting.
Harris, you are entitled to an opinion, but when your investment in MTL has grown 400% and you have never posted before, your 1st post in 5 years happens to be negative, you make a post on your fears about a Chairman, who hasn’t had success, but from your posts you know how hard it is to make an AIM company successful, 90% go to the wall, and it’s usually a casino style investment.
MTL trades on AIM but you must agree it’s in another league at this point in time, it’s jam today, not the jam tomorrow plays you and I have been involved in the past, so I get defensive about those who troll, those who cast doubt to get a cheaper entry into MTL, I and many long term holders have been proven right to hold and be patient, you with your 400% gains included, but please don’t put fear into those wondering to cash out just as the going is getting good, the real gains are in view, and it’s because of Darren Bowden and his team, their judgement has been flawless and I have no reason to believe it’s flawed now, we know nothing about his reasoning, but I have a view you don’t have a huge pool of skilled mining brains to hire at will, those running highly successful operations are not looking to move, those with skills in a company that’s not as good as the one looking to hire them are the ones available, but the Chairman is not the CEO, and so its business as usual and the Chairman has to add to value or he will be out with his P45, because the previous CEO to Darren Bowden was shown the door for underperformance, thank fully, exciting months ahead and I want all those involved today to be part of that journey, it’s that simple
Harris, the fact you have never posted in 5 years about any of the companies you mentioned earlier tells me you have never invested, including MTL.
In 5 years of my posting it should tell you I know this company like the back of my hand, I have seen 5p to 0.5p and back to nearly 5p but always increased my holdings.
We are debt free in just a matter of weeks, we generate enough cash in 1 week to buy the Abra tenement, that’s a fact, Darren Bowden owns shares in the company, and has acquired many more for keeping the shareprice low, but now is our time to shout from the roof tops, because now is the time we generate free flow cash that allows us to purchase what we want, without either share dilution or loans, we have 4 years income nailed on, $300 million before tax, and that in any book is a huge amount, we have mining awards and a proven track record, we have Darren Bowden at the helm, we have record high gold and we have a clear ambition to have multiple assets, multiple incomes and a 2 billion market cap ambition, if we was valued fairly on this years income of $70 to $80 million before tax we would have a market cap of 5 times our current one, and it’s clear that’s where we will end up soon enough, get your self invested and I would respect your thoughts much more.
I have looked into ARCM this morning, you can’t blame the failings of a company on one man, it’s the nature of mining that 90% go to the wall, and we nearly went he same way, it takes an exceptional CEO to run the ship and Darren Bowden has proven himself to be the man who turned us around, I’m sure that will not change because of the Chairman, he will be under scrutiny in his appointment, and Darren Bowden will know whether he fits the role or not, so it’s business as usual as far as we are concerned, if you can’t see the massive opportunity in front of you with MTL, that hasn’t put a foot wrong in 4 years, and choose not to invest because of the new chairman, then that’s up to you, but my money follows Darren Bowden and his decisions.
Harris, your not invested in MTL, ARC or ARS and your heart sank, thank you letting us know