Member Info for leehardcastle

Exactly my thoughts, what happens with that shareprice makes no difference to LTHs, if your trading and it’s down, tough, if your looking to increase your holding, lucky you, if you waiting for the growth over the next year or decade, it doesn’t make one ounce of difference to the percentage of the company you own, Surrey, you own 0.66% and your in an amazing position, I own 0.25% and I’m envious.

For every £100 profit MTL make, and what ever they decide to do with it, use it to pay dividends, grow the company beyond 2 mines, you own 66p of it, that doesn’t change whether the shareprice is 1p or £1.

When its producing £500 million FCF annually from gold sales, £3.66 million is technically your share.

Have a great weekend.

Another large seller cleared out, odd number looks to be his last deal.

Soon be clear and free to rise unhindered. Have a great weekend all, oh, watch that video I posted earlier, it’s a masterclass on gold bull runs, including country debts, savings, M2 money and S&P, a little bite of all gold effecting pieces of the puzzle.

Those who want to know why we have this gold bull run, from an expert who has lived through 2 other gold bull runs, grab a cuppa and sit back and enjoy this video, it’s a lovely old fashioned explanation, and hopefully you will understand the reasons for $4k gold, and more importantly, why it’s here to stay and run higher.

https://youtu.be/5ocSORFxxfA?si=OABjV5QG1ISz0Q91

Hedging a gold bull run makes no sense, he’s learnt his lesson with the last hedging, this gold bull run could see vastly higher gold over the next 5 to 10 years, and I do not mean $5k gold, there literally is no limit to golds price, it’s high enough now to leave alone, the downside is small, the upside is huge, and it’s why I’m so confident we will see MTL hit the £1 a share in time IMHO

Using AI:

Dominic Frisby, a financial commentator, author, and comedian, is well known for his commentary on gold and precious metals, and he has written extensively about the company Metals Exploration Plc (MTL.L). He has identified MTL as his largest personal holding and a key investment pick in the gold mining sector.

Dominic Frisby on Metals Exploration (MTL)

Investment Rationale: Frisby views Metals Exploration as a well-managed development play that is using cash flow from its existing Runruno mine in the Philippines to fund the development of the La India project in Nicaragua. This strategy, he notes, allows the company to expand without needing additional external financing.

Acquisition of Condor Gold: Metals Exploration recently acquired Condor Gold (CNR.L), an action that Frisby covered in detail in his Substack newsletter, "The Flying Frisby". He saw this as a smart strategic move, as Calibre Mining, which operates a mill near the La India project, had previously been interested in the asset.

Growth Potential: Frisby is optimistic about MTL's future, suggesting that the share price could potentially double once the La India mine is operational. He has projected that the company could reach a production rate of 350,000 ounces per year, which would imply a market capitalization in the billions, compared to its current market cap of around £340m.

Current Status: Frisby continues to hold and write about the company, noting that it has been a "joy to own" due to its steady share price appreciation and efficient management.

General Views on Gold

Frisby is a strong advocate for holding gold as a hedge against currency debasement and has written a book on the subject, The Secret History of Gold. He argues that gold plays a critical strategic role in an investment portfolio, especially in the current economic climate with high government debt and central bank accumulation. He recommends the Pure Gold Company as a reliable bullion dealer.

A man with similar views, although he can keep Bitcoin ;-)

This is similar to when CNR shareholders sold out at the 6p area, with their newly acquired MTL shares, it was relentless and dragged us down 20% plus, even though the deal was a cracking one for the company, it passed and many including my self filled my boots with the offerings, nearly a year later, the 2 year wait is now under a year, and this is another one of those moments, take the offerings with glee, and double your money in less than a year, gold is about to break higher, another leg up IMHO,

Solid performance today

So Major, as you just replied, there can be delays, that’s why “when” is correct, you still haven’t explained “if” if is it will happen or it won’t happen, and that’s why I get cheesed with your comment, it won’t happen in terms of La India coming on line is just not realistic at this point, it will happen, we just can’t say when accurately, but being late is not the same as it never happens, let’s be clear, La India is going to come online, the wheels are in motion, and we just hope it’s on time, that’s to be seen, but “if” is just scaremongering and you need to cut it out.

Major, you consistently say “If and when La India comes to production” why is it an if? What do suspect could prevent it coming to production, what can happen to MTLs build in the next year considering they have already purchased all components, all licences in hand and contractors on site, please let me know what the “if” is that could derail us.

Cheers Carefree,

I’m on his case to pester the pension provider to get him paid out, I’ve expressed how lucky he could be if he gets to buy in the 11s, will get him over 1 million shares with his £120k 👍🏻

As said before, the seller may be running low and is offloading the last of his holding, he’s picked up the rate of selling, machine gunning the market, 100k 150k 200k.

Seen this action many times, and the same pattern will repeat, they run out and the shareprice recovers unhindered, bargain offerings for those with spare cash.

Ridgeld, how come it took so long to fill your SIPP?

My friend is hoping to buy a million MTL on the day his funds clear from his old pension pot, is that not how it works with SIPPs?

Yes, sorry 19.9p NOT selling.

La India on its own creates 12x MTLs current market cap in free cash flow over the existing 12.4 years, that’s an enticing thought on its own, we know Runruno has life in it now and will be repurposed when it hasn’t, we know that cash flow will be put to work along side making dividend payments, and that’s to be more mining along side the ones we currently know.

Gold at $4k is a dream position.

Pennies to pounds in play.

The share price is an opportunity for those not in or wanting more, the seller/sellers will sell out and the share price recovers, the news flows will come in time and if you really are here for the medium to long term, what shareprice number looks at you today makes absolutely no difference to the outcome, relax and let MTL grow, the share price will follow, in a zig zag way, if you let the day to day shareprice effect you, you won’t make the course, I look at it this way, it’s 11.9p I’m not selling, it’s 15.9p I’m not selling, it’s 19.9p I’m selling, so what it does between now and dividends makes no difference in real wealth terms.

I always notice in my time of share investments, you always get a pull back before a major move forward, this is our pull back, the spring is just being compressed, it will release much higher in the near future, ignore the day prices, my close friend is about to benefit, still not got clears funds, £120k going in to MTL stock when they do clear.

Sakura, the 200k transactions look like sells because of the time they sold, you can see a buy that’s marked a little higher in price at around the same time, a market maker doesn’t match a buy with a sell, you could have 5 200k sells in a row and a buyer who takes a million later in the day, or an order for a million earlier in the day, the fact the sells are similar amounts, round numbers and repeated constantly is why it looks like one party.

Electriclion, we have had this constant selling action for many weeks now, as mentioned, they wait for a little upward movement then start selling into it, it’s definitely someone like Mellon with a huge holding, we had this with Ruffer, an institution that had us pinned down for many months many years ago, they sold out after a long period of selling and we got past it, that will happen here, one day we will have unhindered rises, and you will know the seller has cleared out, it’s good news for expanding your holdings, I’m hoping my close friend benefits from £120k of the cheap offerings, still waiting for his funds to clear.

I remember posts last year when we was 5 to 6p saying I will come back in 2 years when La India is running, nothing will happen until then, well those comments got that wrong, paying 110% more today, and Major, you will pay 25p on first pour if you come back in 12 months IMHO anther 100%? The market does look forward and it does rise along the way, as it has done, we were a few pence 2 years ago, so patience and stepping stone release of information will see us ratchet higher, and La India is when not if, if you really believe it’s an if then you have zero knowledge of Darren Bowden’s proven skills.

Double your money in 12 months, I will stand by my comments, I actually feel I’m really understating and playing that number safe, for many my reasons.

Cigarette packet maths tells you how cheap we are:

Ignore runruno cash and cash incomes, ignore 2 processing plants, Dupax reserves and Abra reserves.

Just focus on La India for now.

Current market cap £360 million or $473 million

$4100 gold price and $1000 AISC so $3100 margin.

145k ounces annual production for 12.4 years (145000 x 3100 x 12.4) is $5.574 billion

So if you had the cash to buy every single share in MTL for $0.473 billion it would generate you a profit of $5.574 billion.

That’s just La India current reserves, no expansion that’s predicted to double those reserves with drilling, that’s not talking about Dupax or the Abra or any other acquisition.

Are we cheap is just a silly question?

Repeated as f-g packet was deemed a swear word and LSE removes all capitals and punctuation.

*** pocket maths tells you how cheap we are:

ignore runruno cash and cash incomes, ignore 2 processing plants, dupax reserves and abra reserves.

just focus on la india for now.

current market cap £360 million or $473 million

$4100 gold price and $1000 aisc so $3100 margin.

145k ounces annual production for 12.4 years (145000 x 3100 x 12.4) is $5.574 billion

so if you had the cash to buy every single share in mtl for $0.473 billion it would generate you a profit of $5.574 billion.

thats just la india current reserves, no expansion that’s predicted to double those reserves with drilling, that’s not talking about dupax or abra or any other aquisition.

are we cheap is just a silly question.

Dupax results delayed has little effect on anything other than investors patience and wanting clarity, I take the road build and planned alterations to the processing plant (removal of the BIOX circuit) at the beginning of Q4 2026 as signs Darren knows it’s a goer, it’s coming to the market with solid numbers that’s worth waiting for, and in the mean time bigger investors load up on cheap shares as impatient PIs grant them the opportunity.

Pennies to pounds in play, oh, gold is very likely heading to $5000 between now and La India flowing, margins will be off the chart, one for you Sakura 😉