Member Info for leehardcastle

Hear, I can spell, just ;-)

Great to here your occasional posts Mac, I mentioned you a while back as I know you have around £2 million worth of MTL at times, and I know you have a very relaxed outlook with MTL, let’s hope the forum returns to a relaxed outlook too, your an inspiration to long term investors.

My point was posting down 8% over a matter of weeks trading and calling the share performance abysmal is just stupid, it’s a share, it’s moves up and down, the trend is what matters, the background performances matters, the gold price matters.

I get fed up of stupid comments and I imagine both new and old investors feel the same.

If you take a look at MTL from an inventors viewpoint, where you hold for more than a few weeks, which I describe as white noise, then the headline figures look very healthy, have a little patience and you are rewarded handsomely, this is just the beginning of a what’s to be a much bigger company in the next few years, and as such a much bigger valuation.

From LSE share price charts this weekend.

Up 8% over 6 months

Up 25% over 1 year

Up 639% over 5 years

All you needed was patience, that’s all you need now.

Drachs have purchased off the general market recently and just a small portion of her holding moved the price above 6p again, if she had to buy 94 million from the market, we would have soaked up the recent selling with ease and flown to new highs, but, at 6p she has had a good turn done for her in return for the good deed she made loaning the shortfall to buy Condor Gold, all is square again.

My reason to mention Ruffer LLP was because at the time they sold the main bulk of their MTL shares is was very similar to today, we had improving news from MTL and a rising gold price and yet we stayed bogged down till the selling stopped, which it did, and it always does, because at some point the seller is sold out, and this will be the same again, the rise higher came then and the same will suddenly appear here.

Have a great weekend all.

I think if you need reassurance on whether we are a SELL, HOLD or BUY

429 million shares purchased in the last 10 months at an average of nearly 6p tells me all I need to know, it’s that simple, Drachs have a seat at the board meetings and have invested £25 million to date for a huge slice of MTL.

I think Mrs Evans knows a lot more about our company than us and speculation.

Broomtree, all I post is facts, all you post is insults, you havent made a single valid point and contantly get shot down because you argue when you have no knowledge, this is just another case in point.

Ruffer LLP paid a minimum of 5p a share for their 206 million shares, well over £10 million invested, but it’s OK because it’s not their money, it’s people like you and me who gave our money for them to invest, and they cashed out losing at least 80% of that amount, it was the wrong move on Ruffers part, period.

Those Treasury shares cost MTL 5p when we bought out Edwards total holding, so we have made 20% on those shares taken by Drachs.

Debt free again, and the confidence shown from Drachs is unrelenting.

Ruffer LLL holdings:

31/12/2016 206 million shares 5p

31/12/2107 134 million shares 3.6p

31/12/2018 127 million shares 0.5p

31/12/2019 Under 77 million shares 1.2p

31/12/2020 Under 63 million shares 1.6p

Sometime in 2019 and 2020 Ruffer LLP sold out in MTL at around the 1p area.

Big mistake on their part, but many here didn’t including myself and that’s what I call INVESTING

The shareprice is under pressure because a few with large holdings are unwinding, it wouldn’t matter what was said, bought or promised, it’s simple, a few are unwinding, it’s continuous selling, does it mean we should be worried? Absolutely not, the facts of MTLs position as a company just keep improving, so we just patiently wait for the sellers to remove themselves and the shareprice will recover.

We had an institutional investor “Ruffer” who had a huge position and they decided to unwind when we were between 1p and 2p, it lasted for months, was it something to worry about, no, it was a decision they made and it’s clear it was a bad decision, and it’s the same for those sellers today, good luck to them.

Those currently trying to get out, or trade MTL are always worried about the day to day price, those invested like Candy, Drachs, Mac and myself to a much smaller extent don’t care where we sit day to day, because until La India is up and running, where we are capitalising on 145k ounces gold production, I’m not selling, and so the shareprice between now and then is just white noise, and as such has no effect on the end result.

A well run La India will have the shareprice adjust to multiples of todays 5p 6p whatever, so as I have zero need for the money today, I have 100% faith in La

India coming to fruition, I will just wait for the pay day to come, and fretting won’t change a thing, I’m INVESTED.

As MTL emply 98% Phillipino staff, who benefit from decent medical and schooling, as well as roads and electricity for the area, it should not take much to get the officials to speed up knowing what's to lose for the community if MTL take their equipment and mine elsewhere, it would be really sad for the locals, who could enjoy another significant number of years work with the Dupax gold reserves, I'm confident that will be the lever that gets Darren the go ahead he requires to continue the mining in Runruno.

I swore, I used the word a-r-s-e and LSE have removed all my Capital letters, b-l-o-o-d-y strange software.

great source of information, brilliant find, darrens main goal is to get the phillipines goverment to implement its mining regulations quickly, or they will lose mining companies and maybe never get them back, i can see why we have put the abra tenament as a longer term project, and why dupax is still up in the air, because its taking years not months to get back permissions, crazy, yet the goverment are keen to have mining, they just need to kick the right paper jockies up the ****.

i think darren has the clout and influence to get the goverment to wake up and sort out ther relavent bottlenecks.

i hope we can get dupax started to extend runruno, but if not, he will take the current plant to another country and repurose it with another m&a, so no real loss for us, but a real loss for the phillipines, as mtl are clearly run an amazing template of how a mining company should be run.

i must say, he does inspire confidence, he's one very clever cookie, and seems to know all the right people in what is quiet a small pool of highly skilled people, we are in very good hands,

Silver happens to be 2.5 times more abundant than Gold on this planet, so it’s certainly precious but is currently valued at a just 90th of Gold? It’s the paper trading of the silver that’s kept it down in price, I’m betting on this paper trading becoming unravelled, and then the real price of silver could appear, the same piece of silver is traded hundreds of times, relying on no one taking actual delivery, but, it’s looking like certain countries are insisting on delivery, and a silver squeeze may ensue, golds benefiting from a squeeze now, I hope silver gets the same effect.

As for MTL, sit back and enjoy the next 20 months, and if we’re lucky, less than 20 months, come on La India.

Nice chunk CuckoldKing, must say I’m torn between silver and MTL, I bought more silver Britannia’s this week, I have been trying to keep a 50:50 balance of MTL and physical precious metals, I fully believe both will be unbelievable investments in the next year or two, cracking day for both 👍🏻

1 owner, driven on dry Sundays, full 12 months tax and test, genuine reason for reluctant sale….$10000000 ono.

Darren thought, suits you sir, bloody marvellous, come on MTL.

Jholistic, thank you for the reply, looks like we are fully aligned.

It certainly is remarkably low compared to the bigger miners, and hence it’s the reason for such large cash generation from such a small scale mine.

La India being twice as large of an output but having the same predicted AISC or lower than Runruno is a testament to MTLs skills, the cash generation is going to be stunning IMHO

Thank you Surrey, it was an interesting incite