Member Info for leehardcastle

It will turn all of a sudden, the seller is a passing phase, just keep taking the gifts where you can afford, I know it’s annoying as it’s completely out of whack with the companies fundamentals, Darren is getting the progress reports out in a very informative manner, the expansion drilling is in progress and it’s clear we have a delay when it takes 8 weeks to have the Canadians test the cores, next quarter we will have our own lab working and that will speed things up, days not months to process cores.

These cheap share opportunities end up being the best for those with money and patience.

Silver price is keeping me happy for now, every cloud has a silver lining 👌

Trump want his way with really low interest rates, when Powell leaves soon, he will put in a puppet to follow his wishes, watch Gold fly next year, he will want rates down to 1%, to inflate and pretend the US citizen is getting a great deal, madness long term, but good for gold.

My close friend got his other £72k worth of MTL yesterday, with another £10k coming from his third and last pension, wants that round 1m MTL shares in his SIPP.

I think I teased the 100k seller back out, oh well, he can’t sell forever, keep buying as double your money in 12 months on offer still, at some point the anchor will lift and you will wish you had more.

Has the Anchor been lifted? The 250k and 100k seller is absent today, has he run out of salvos, if he has, I see 15p for nice Xmas present IMHO

$60 silver should have you happy Sakura, it’s looking at you right now, that an a productive MTL update has made my day.

I would say you take the information and sleep well knowing we have not only exceeded the expected build timetable, and expanded production design, but enjoy the window to expand your holding remains cheaper than it has any right to, it’s in front of you, it’s like having a rigged boxing match, you know your fighter is going to win, yet your being offered 5 to 1 odds, wouldn’t you take advantage? at the very minimum your being offered 2 to 1 for a years patience, what’s not to like.

Indeed I did mean “the wind in our sails” ⛵️whoops

Punter…the seller without a shadow of doubt, runs out of shares to sell, so let them use the positive news to sell into, we get cheap shares, they get out and MTL do what they do best, mine gold and expand, the wind is in our sales and when the tide turns (seller runs dry) we will make headway at a rapid pace, brilliant news today, enjoy it, it’s what matters most.

The expansion he mentioned in a video 6 months ago just became reality, 1.8m tonnes or 28.5% extra processing is a massive deal, that’s setting us up for 185k ounces annual production, and as mentioned, he know the gold is there to be processed, why spend millions now? Because A we have the money in hand today, and B we have the indications the gold is in the ground, hold onto your shares, pennies to pounds in play.

Merry Xmas

I have shed loads of silver coins Sakura, could see silver run multiples of today’s price, as well if gold of course.

The 100k seller used to be the 250k seller, the seller is running to the end of their holding, you can’t sell forever, many big holders in the past have done the same, I have sheds loads of their shares, and many of this chumps too, keep buying the gift.

I don’t think Darren will place any hedges, the whole market and analysts are expecting higher gold pricing, it’s more likely to costs us than save us, as it did with the last lot, I hope Darren learnt his lesson, it’s a bull market.

Electriclion…..earlier today I said between now and next December when La India is producing gold, we will see a 25p share price and so we should ratchet 1p a month between now and then, 13p today, 25p next December (12 months time and a 12p increase)

You might not realise but we was hovering in the 5p range in March 2025 and now we hover in the 13p range in December 2025, that’s a 9 months period in time and 8p in share price growth, that’s 0.9p per month average and 150% growth in share price.

So 13p share price at close today and 25p by December next year (1st La INDIA GOLD) is a 12 months period and 1p per month, but it’s only a 90% increase in share price growth, it won’t be a straight line but it will easily be the average growth for the patient, it could very easily be a lot more, sit tight and wait, you won’t regret it IMHO

PENNIEs to POUNDs in play (spellcheck got me)

Some people over egg matters about mining being highly risky, like any business, if you start it with no experience, no money or a highly indebted start, in a category that is in a downturn, then yes, your sailing against the wind, and your chances of success are low, I imagine many explorers and miners in the past have suffered all those headwinds, when gold was in a bear phase, and yes many will have failed, explorers being the highest risk, no income and maybe no gold, it’s easy to see failure, then start up miners, highly indebted at best, maybe lacking experience, and a low gold price equals high risk, that was MTL 10 years ago and yet today we are in a different situation, we survived the worst, we now have a multi award wining company with a highly proven CEO and team of miners, we have no debts, cash in the bank, existing high generation of cash incomes, we have proven reserves, we have record high gold pricing in a rising bull pattern, we have a mining plan and its build is on time on on budget, we have it all and more, so the risks are as low as they can be, that’s important for MTL, not many other small miners can match our circumstances.

The facts are we have $5 to $10 billion of gold in the ground and we have the licences, expertise and money to realise those existing assets, with money incomes to expand and produce more assets, so stick along for the amazing expansion in place, ignore the pessimistic dialogue as it will cost you in the long run, or effect your sleep at best, this is an exciting and highly lucrative business to be part of, hold onto your shares, pennies rounding play IMHO

The risks are small and the upside huge, take a seat or don’t makes zero difference to the outcome, this is just a chat site to share opinions, some wanting a lower price to get in and buy more and others invested wanting a higher price, it’s that simple.

The market does look forward, we know the share price will be a lot higher when La India produces gold in Dec next year, and if you wait for that day to buy in (no risk) then you pay say 25p, you buy today knowing we have 12 months to wait, you pay 13p so the 12 months wait will see a 12p increase or 1p per month, if you think it will increase in one lump the day we start producing, your mistaken, we will ratchet up penny by penny as that time shortens and the build remains on time.

So that is the market looking forward in action.

In the mean time we are also making the highest incomes ever via Runruno, we are making nearly $3000 an ounce today, and we know from recent estimates on the last presentation we expect to produce 67k ounces, with 50k ounces already sold at Q3 we expect 17k ounces gold sales in Q4, that’s a possible $50 million FCF, that is big news and massively re-risks any business, we have money, we have the team, we have the resources, MTL is a very different animal and we invested know it, a few decent months and we will see a lot of interest come in.

AuInspired, how many MTL are you looking to hold in total, you’ve been an inspiration buyer here recently, have you plans to keep buying if you don’t mind me asking, my close friend bought £38k of MTL at 11p for his SIPP but the other £82k from another pension pot hasn’t been released as yet and he’s worried where we will be before he gets his funds, he wants £120k all in MTL.

Gold price averages for Oct/Nov and the start of December are just short of $4100, this quarter is not finished but that’s a massive increase on any other quarter in history, without hedging holding us back, I see a $50 million FCF quarter if we hold above $4100 for the remainder of December.

Darren Bowden has nearly 7% of the shares in circulation, so nearly 50% in those 3 hands, and Darren Bowden is seriously knowledgeable, the key to the riches, 1 in a million.