Member Info for leehardcastle

I never said Dupax was certain, Darren said it is either a very large or very small VMS deposit and the road build showed he was confident, but he never got to drill it because of resistance, he pivoted and its most likely because he has a plan.

The timing of that plan he mentioned will be public by H1 2026, and I know what will happen from the negativity here if that is not stuck to, but it’s definitely coming.

La India is ahead of schedule and that’s not spin, and there are no signs it’s to be late.

Traders spinning one minute, then mentioning high risk the next is nothing new, I always talk about the positives base on the information in front of me, my holding has expanded because of that, some have sold and try to convince the reasons for selling, I buy and hold because the future for MTL is on track to be a huge success.

That’s exactly what a dishonest trader would say 🤣

I can see trading when I see it, it’s the best investment ever one minute, then after selling it’s the riskiest investment ever, if that’s not dishonest then I don’t know what is, and Yes I can see it, no apologies.

I see we have lots of hot and cold posts from some of the regular posters concerning MTL, and opinions on how to invest, like it’s not a good idea to hold a large investment in one share, or taking profits is a good idea, negative persuasion on risk and lots on what could go wrong, with very little talk of what has gone right, it actually comes across as dishonest, and those reading these posts can sense it, I definitely can.

It’s clear from the recent updates on La India we are doing great, it’s clear gold is priced at very healthy prices and it’s clear the banks see it going higher.

As for comments on what will happen to Runrunos equipment and where will it be repurposed? It’s good to talk about, those who believe MTL won’t make an acquisition need to ask themselves what do think will prevent that from becoming reality? Darren Bowden has said he wants it, we own the Runruno processing plant and equipment, we have Billionaire backing in the form of Drachs and Candy, proof being Drachs has loaned us a short term loan already, and Candy refinanced MTL when he bought out the distressed bank loan, and we know from next year we have $300 million plus FCF incomes.

Would anyone expect to just bank $300 million or would you expect that to be part put to work? I expect and fully believe we will see an acquisition, but I’m not in a panic when, it will come when it’s ready, La India is our immediate concern, finish the build and get producing.

As for holding strong and long, Apple shares were cents at one point, the acorn stage, they were $1 in 2004 and how many sold or reduced along the way, well they are $287 today and leaving alone was the correct decision, I bet very few did, I’m not saying MTL are the next Apple, I’m saying they are growing and gold is highly valuable, La India is not their first mine, it’s their second and the 3rd venture will appear in the near future IMHO

There is an upside to the consolidation of the share price between 18p and 11p, it has cleared out literally billions of shareholders shares that have been held at much lower levels, the churn of sells has been relentless, every day you can see it, but it’s a bonus, because those left are those with a long term view, and new investors with much higher goals, when the churn is finished, the rise this year will go much easier as those who sold prematurely watch the ship sail away, shame for them, great for those with a little faith and patience IMHO

Major sold around 2 million shares recently, and has consistently tried to justify his reasons, the mines half built and he still pretends it’s not coming, having faith in a company that built one mine, running it for over 9 years and half way through building the second one is crazy according to Major, he knows best, the 1.45 billion shares in the 3 largest holders must be insanity, my 8 million holding is a desperate gamble to him, I wonder how many other gold companies Drachs, Bowden and Candy own? I bet they don’t have any others, why would they, they hold them in the winning ticket already.

As said before Major, many thought Runruno would run dry and no other mine would replace it, they were non believers and got it wrong, Condor gold was purchased and absolutely nothing was mentioned about the deal until it was struck, that’s a fact, and look how quickly we are getting the deal to production.

Ah Fantastic, you threw me about the idiotic posts, never put LTH in that camp, the really good times are literally in view for us all.

Well put Moochavweasel, we are sat on a winning ticket, and a little patience is all that’s required, you have more diplomacy than your Dad, I worked it out…..Surrey ;-)

Cheers PJ 👍🏻

Moochavweasel....You related to Major? he won't mind you saying...honest ;-)

Moochavweasel….nice to hear from you, who is your father? We know him well has me intrigued.

I notice we get 30 posts on a red day, and about 5 posts on a blue day, it’s true about the old saying, “people love to moan”

I won’t sell any MTL until 2028 and the dividends are flowing, it’s the dividend that will propel the share price much higher, if we get them earlier then great, but 2028 is OK by me, La India will be in the bigger grades and I think gold will be $7 to $8k by then.

I’m not insecure about MTL in the slightest, I have increased a winning position because it’s a winning position, not because I’m underwater, it’s because I see the strength, it’s others who struggle, not naming anyone but they struggle with lack of weekly news.

We all want success, some feel the need to spread their bets, I get my that, I’m sticking with a winner, and it’s worked for me, and it will continue, at a rate I’m more than happy with, others think it’s too slow, everyone has a different expectation.

Sorry Smoothbrain, that post was aimed at ElectricLion, but the point stands, hey, I’m not saying KEFI isn’t investable, I am saying it will take patience and a lot of will power to survive the ups and downs, and it’s clear many on MTL haven’t managed that very well, and yet our path is much more straight forward, no offence intended to KEFI holders, just an easy one to pick and show those what MTL have achieved, and how much ahead we are to those starting a gold mine.

Smoothbrain, the facts are the company has run the same whether Darren tells you daily or quarterly, what's going on, if think the ride has been rough in MTL, you have absolutely no chance of seeing KEFI through to production, it's a whole different ball game for them, they went for more funding even before they started anything, after telling you all they were funded, dilution on top of dilution, if inflation goes like I think it will, management will be back for more my friend down the road, and 22 months is a life time, just look how 18 months has seemed for us at MTL, it's been unbearable according to most posts on here, not for me, I just accept and wait for the inevitable fortunes awaiting MTL.

Smoothbrain...You make out Darren promised us things and then let us down, Darren said Dupax was either a very large or very small VMS deposit, he hoped it was the large end of the scale, he also can't predict how local civilians are going to protest as hard as they did, he tries to drill and was up against severe protests, it' not his fault and he never lied, he just dealt with the cards in front of him.

The Abra Tenament is up against similar protests, luckily it was always a 5 to 10 year plan and has not been priced into today's valuations.

Darren has had to pivot, and he's in that process, he asked for H1 to update us, so he hasn't been late as of yet.

The mistrust is unfounded, he is delivering on La India, and he's running Runruno, you can't blame the company for the weather or the land contamination, they deal with issues like you or I do when we get a flat tyre, its unexpected, its unavoidable, but you fix it, and continue with the journey, today is just another day producing, negotiating and building until we here different.

Something stinks here…..why the scaremongering? We just had an update saying we just made nearly $30 million FCF, a 9 month Runruno revised production estimate so we know what’s to expect for the next 3 quarters, an update saying we have decided to expand the power supply to La India and double the licence to 25 years, plus we had some great early drill results to support the reason for the licence extension.

We didn’t know about La India until we did, no one said something stinks then, it’s came out the blue and has been executed immaculately, ahead of schedule on the build and 2/3 way through the process.

As for been invested here long term, MTL have paid down all startup debt, purchased a new asset and it’s 2/3rd built and paid for, no debt and 2 mining plants fully paid for, every oak tree comes from an acorn, we are growing and phase 2 is about to start, that’s nothing to be ashamed of, paint it negatively as you like, it’s a success story in progress.

Take a look at KEFI and you can compare what a start up has to endure, $350 million loans plus interest, and best part of 2 years to production in a much harder environment, have they got the skills to achieve what MTL have done, all unknowns and that’s the reality for new miners.

We are doing exactly what we can do, Darren doesn’t have a Time Machine.

We have the cash and spare to finish La India, I know some find it hard to believe but MTL have 9 and 1 quarters years production in hand, the last 3 quarters production is coming, and even at the low end of guidance we have 30K ounces more to come this year, the high end 38K ounces more, that about $80 to $100 million FCF, we have $36 .5 million banked, £38 million value in Treasury shares and a $30 million loan reserve agreed.

we are producing $1 million FCF every 3 days, MTL are in a financially strong position, La Indias 7 month wait to huge incomes, no debt incurred to achieve such future incomes is very unique, and as of yet not appreciated.

The market will wake up to gold miners in our position at some point, U.S debt suffering interest at 4% medium term and 5% long term, nearly $40 Trillion, with only $5 Trillion in tax takes, do the maths on the interest, $1.6 to $2 Trillion a year, before you spend a cent on actually running your country, what else can they do but accelerate printing new cash, and gold will shine, all the big banks have gold predictions at circa $6000 this year, what would that do for MTL? Patience, week hands exiting won't change MTLs future one bit IMHO