Member Info for leehardcastle

Thank you Broomtree, Surrey?

The recent meeting with Trump and Zelenskyy was an organised attack in public view of Zelenskyy, Trump had that planned at his visit, why, to make out Trumps peace negotiations were being derailed by the warmongering Zelenskyy, we know why now, so he can pull back the spending on the war, it saves the USA a fortune, and we and Europe will now have to double the spending on our military to take up the slack, if not Ukraine will fall quickly, we and Europe are now fully engaged in a war with Russia, and the USA look like friends with Russia.

Why does Trump want to be friends? Because he knows the dollar is screwed in time, he wants to be part of a currency reset with the BRICS, and it’s going to be a gold backed reset, hence the reason for the huge inflows of gold back to the States.

Any opinions? Surrey and Broomtree? can we have your thoughts please.

$2920

Looks like Trump removing funding for the Ukrainian war effort is bringing home the bacon, we are heading for full scale war with Russia, we are being sucked into it, dangerous times.

Nimrod, if you want to read what we are going to achieve this year, you get from the horses mouth, the 2024 Q4 results tell you last years guidance and costs achieved were better than his forecast, and 2023 was similar, achieving better than his forecast.

. FY2024 Production Guidance and actual results:

· FY2024 gold production of 83,897 ounces exceeded the FY2024 upper guidance forecast of 82,500 ounces at an AISC of US$1,135 per ounce which was slightly above the improved FY2024 lower guidance forecast of US$1,125 per ounce and significantly below the upper guidance forecast of US$1,275.

· FY2025 gold production forecast: 70,000 - 75,000 ounces.

· FY2025 AISC forecast: US$1,225 - US$1,325 per ounce.

So we can expect around 75000 ounces of gold and $50 dollars higher AISC for 2025 if he achieves the same efficiency as last year.

Current gold price less predicted AISC gives you $1550 dollars profit on 75000 ounces gold production and a FCF of over a $116 million, that higher than 2024.

We are a cash printing machine at current gold pricing, we know we have 2 years minimum gold in Runruno and we know we need $122 million for La India’s build, so it’s clear we have a huge margin of error, as we only need 13 months income to achieve build costs.

Facts are all there to read from our own website.

We nearly hit 7p before the deal to be factual just on the merits of Runruno, so the 5.7p conversion deal was very fair, CNR sellers just don’t have any commitment to MTL, that fine, free choice, same for you Surrey.

Golds record high prices are here for a reason, there’s always a reason, and the public are last to know, so you can bury your head or you can try and work out the truth, something in the financial system is changing, and those who know are buying gold.

Apparently the 8100 metric tonnes they hold are stored in 3 places including Fort Knox and the NY Federal Reserve, the other place is near the Federal reserve but I can’t remember what it is called, Musk wants to do a live stream count, but all 3 safes need doing at the same time, you need the gold weighed and graded, then you also need to know who owns it, if it’s a banks or billionaires gold, it doesn’t count as USA gold.

I have a sneaky feeling, both the LBMA and USA don’t have what they say they do, and if that ever becomes a fact, what a mess that would be, the USA dollar would collapse, bonds would be sold off, gold price would fly to unbelievable levels in dollar numeration.

But without a count up and verification of who owns it, they can never use gold as an anchor, something the BRICS do want to do, and the ever spiralling USA debt will keep spiralling higher, again good for gold.

Into our third month of Q1 we have an average gold price for Jan and Feb @ $2800 and as we are well above that today the average will rise over the next month to conclude Q1.

Looks like we are on target for Q1 numbers to make between $33 to $35 million FCF by the end if this month should gold hold above $2800.

It’s the huge incomes that’s blessed us to have the ability to achieve our near term goals, and it’s tax efficient to spend it rather than bank it, or share it to investors, that time will come when we generate more than we can spend, happy days ahead.

Great post, a gold backed new currency is the only way to stop the ever ending devaluation of current FIAT currencies, Trump may be the man to get it organised, I think he knows the BRICS will do it without him if he does nothing, fingers crossed, amazing outcome for gold if it’s implemented.

Use your brain, Drachs has purchased 18m shares this month, we had a short term loan from Drachs that was being paid at the end of January, then we decided to pay it at the end of March, why? Because they are spending, it’s spending on La India, where else could they spend $10 million plus FCF per month, money that was being banked before buying CNR.

It’s all happening, and updates will come to ease your mind.

Coiled spring, in the last 3 months, MTL is down 13% whilst gold is up 8%, remember gold up 8% creates at least 16% more FCF.

The seller/sellers will soon be dry, and the adjustment to get back to fair value creates a bigger swing to the upside in a very short period of time, it’s a cash generative opportunity for all with spare funds, including Drachs.

Me personally? I would happily hope Drachs take another 300 million new MTL shares and have her holding similar to Candy, as once in their hands you have a stable shareprice with patient like minded investors, ones with vision beyond the instant gratification on show currently.

Drachs have purchased 335 million shares since the 24th of April last year, that’s an average of 33.5 million per month, with 18 million a couple of weeks back, so it’s certainly possible that will continue as she was happy to pay 6.75p before the new MTL shares were added to the market, and as they are being given away, I’m sure she has the seen an opportunity that she can’t refuse, it’s more likely than not with the size of purchases soaking up the relentless selling, selling that will dry up in good time, the second largest shareholder on the board is buying and yet we have sellers, madness, utter madness.

Good man, keep building as it’s just a matter of time before this takes off, if you wait for 5.5p they get hoovered up by Drachs, she’s looking to build a much bigger stake, and after laying 6.75p out for many, she’s had an unexpected opportunity, I’m torn between physical silver and MTL with my cash reserves, just took 2 more gold coins on this little dip, more MTL and silver to come next, FIAT money is dying, printing presses on over time as we speak, gold is only going higher, the longer you wait the more paper notes you will need to run to safety. iMHO

Follow the money, she has a seat at the board meetings, she knows exactly what's going on, and its certainly a confident buy rating from her.

MTL had all the ingredients back in 2017 to make a profit, yet we lost money, and ended up going backwards by over $50 million because we had the wrong cook (Director) and until the right cook (Director) came along…Darren Bowden adjusted the ingredients and we went from near disaster to where we are today, same ingredients, better cook.

My point is HUM is a disaster and it stops with the Director, $160 million in debt and an AISC of $2200 is a cake burnt to a crisp, it’s bin fodder.

CNR again lacked the right cook, they didn’t have a mining genius, just an asset, no income and CNR had to sell.

MTL has proven it can run a mine both economically and reliably, Darren has perfected the recipe and says he can repeat the process any where in the world, we have the cash and the expertise, and hence I have the confidence.

Condor Gold was partly successful, they just didn’t get to the finish line, having to sell the asset was never going to realise the full value, it needed mining by Condor Gold to achieve maximum value, but producing the asset is where you need massive borrowing or massive share dilution to raise the funds required.

So here we are, Condor shareholders have got the alternative route being transferred to MTL, the massive loans or huge share dilution for Condor shareholders is bypassed, the La India mine is to be built without loans, I fail to see how that’s undesirable, it’s the best way to appreciate maximum value, for both ex Condor shareholders and old MTL shareholders, so let’s all get along and watch Darren Bowden deliver the promises, he’s made many in the past, he’s followed them through and he’s broken none.

How much cash your prepared to use is your own thing, have a great weekend.

If I had $3.33 invested in a stock and it grew to be worth $10, I’m 200% in profit, that’s not the reason to sell out or reduce, it’s time to evaluate and decide has the prospects changed, if they are still bullish, you carry on with the journey, did the early shareholders who bought Apple stock cash out just because they made 200% or did they see the future was bright and they held fast, example 15 years ago Apple stock was valued at $3.33, did the holder make a good decision reducing or selling out at $10? Of course not, they would have took 200% and yet today the stock sits at $245 or 7600% plus gains.

I’m not saying MTL is another Apple, but a producing gold miner with 20 years reserves in a record high gold pricing environment is certainly bullish, so I continue to add and hold, I’m looking to make big money, not 20% here and there, Drachs didn’t pay 6.75p for MTL to make a few pence, and she has a seat at the MTL board room, follow the money.

Let’s be honest, if you believe that La India will be up and running in 22 months time, be producing 145k ounces of gold for a minimum of 12.4 years, then we know with the low AISC of $1200 and gold at $3000 we will produce £260 million FCF every year, now if you believe in Darren Bowden to have the skills to do it, we know we have the cash income to fund it, then if we are being honest, 20p a share would look cheap when your producing 9p per share every year hence.

So 6p to 20p in 22 months is an average increase of 0.7p per month, the shareprice will grow as each milestone is reached along the way, it won’t be 6p one day and 20p on the day 145k ounces comes out of its rear end.

So buying at 6p is a bargain if you believe that will happen, I fully believe all the above will.

Have a great weekend.

Glypodend, Gold production may be as much as 10% down on last year, but gold is up 40% on last year so that argument holds no water, we make $400k FCF a day and that’s a fact that will be shown at Q1, you will see for your selves, that’s more per day than any days profits last year, so profits will be higher, 1 fact you mention happens makes us look weak when we are actually generating more and have never been stronger, this will be another record high year for cash generation, $3000 gold is next and the market will start to wake up to gold miners, especially debt free producers.