Member Info for leehardcastle

$2600 sold off, but it’s hit it so it will return, watch this space

MTL 6p this week

$2600 reached, another leg up to $3k gold

$2570

$1500 dollar last an ounce profit as we speak for every ounce produced, dreamy position.

I’m expecting record numbers this Q3 too, I believe $52 million income.

Candy isn’t selling on the open market, he recently sold 217.5 million shares to Drachs Investments No3 Limited at 5p a share, that’s a £10.9 million pound deal outside of the market, with an investor who believes 5p is a investment worth risking £10.9 million, let that point sink in when those PIs selling a few grands worth recently for the same 5p, follow the money is my recommendation.

We have the most exciting phase in MTLs long journey right in front of us, The Abra tenement, purchased with Darren Bowden’s knowledge and mining skill, is a major part of our long term plan and its contents ripe to be revealed, we have record gold incomes, no debt, a 20% share buy back completed and vast amounts of free flow cash accumulating unhindered.

Gold is only going higher and miners like ours will gain interest, a few well placed interviews from Darren Bowden will ignite that interest, I believe those will come in the next month or two, as Darren can finally express the fortunes of MTL without backlash.

Happy days ahead.

We have 2 1/2 years gold remaining at our current site, it’s mapped out, it’s not guess work for MTL, Darren Bowden knows that we need a second income on stream before that end date appears, hence buying the Abra tenement, he believes he’s has the time to buy a greenfield business like the Abra, rather than buying a ready to mine business, of which he could if he desired with the income we generate.

The Market cap has effectively decreased by 20% by October purely as a by product of reducing the number of shares in issue by 20%, so the old 5p becomes 6p to maintain the same market cap.

£170 million market cap is 10p, that’s a PE ratio of just 2, when the Abra tenement shows it’s worth, the shareprice will adjust to the future mine life.

Darren is relaxed about the companies direction, using words to the effect we know how to run an efficient mine, he’s relaxed about the fact MTL has made an impact with the Philippines government and local people, he’s confidence will be evident in his next media interview, watch what happens when he does, the last interview was amazing for increasing my confidence, and the share price effectively doubled.

Keep the faith is all that’s required.

Yes it is, the best is just around the corner, Darren Bowden has been on Radio silence for 2 good reasons, the 1st being the shareprice offered to complete the RHL share buyback was based on the average shareprice over a set period, 5p being that number, so it was in MTLs interest to have a lower share price, hence no media interviews.

2nd reason was the Abra tenament purchase was delayed because of RHL and hence what’s in the ground has been a mystery, but it’s now a done deal, MTL have bought it and the mystery will soon be revealed to some extent.

I expect Darren to bang the drums in the next month or two, maybe around Q3 results, of which I’m betting will also happen to be record high incomes, RHL a thing of the past and gold prices set to be even higher than today.

Let’s face it, we should already be 10p, so media interviews telling others that’s the case, will bring in fresh faces wanting a position in MTL.

10p by the end of 2024 is still my prediction.

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer in the Philippines, is pleased to announce that, further to its announcement of 2 September 2024, the relationship agreement between the Company and Runruno Holdings Limited ("RHL") dated 24 October 2020 has terminated in accordance with its provisions.

As a result, RHL's right to have an appointee on the Board has fallen away and as a result Guy Walker has resigned as a Director of the Board, effective immediately.

Fantastic news, finally we are totally in control with a team all on the same page, and a salary cost saving as a bonus.

5p has become a buying price, just ask the major shareholder who recently took 10% from Nick Candy at 5p, millionaires taking positions, we had a market cap of over £100 million when we hadn’t made an ounce of gold back in 2017, and that first ounce that did come out was only worth $1100 dollars, with $81 million debt to HSBC around our neck.

Here we are today with no debt, gold at $2500, 2.5 years gold reserves and proving up the next decades worth in the Abra, top level CEO, many mining awards in hand, a gold bull run in progress. Whats not to like with a PE ration of around 1.

Screaming opportunity for all, and so few know we even exist, Darren Bowden knows when the time to shout out about MTL is right, I think October is that time, with RHL 100% gone, Candy in alignment with us all and the contents of the Abra tenement can be released, 2024 is our year to shine.

1,823,153,066 million shares have voting rights as of today, so the market cap at 5.5p per share is £100 million.

When the last tranch of shares are purchased, around 94 million, MTLs market cap will drop further to £95 million if the share price remains 5.5p.

Q3 numbers will be very interesting, definitely another record high gold price quarter, record profits should really point out the silly low market cap.

With Darren Bowden unhindered by RHL greed and negativity, and the YMC business in our hands, we can expect him to finally shout out our amazing fortunes, what’s really in the Abra tenement.

10p target for 2024 is still my prediction, just wait and see, I’m extremely confident that Darren has the personality and experience to attract new value seeking investors, and by George are we good value.

I think Darren knows the results already, buying this aquisition (one with a drill rig on-site already) when he had 20 offers on the table back in Feb 24 leaves me to think it’s a winner, plus the fact he mentioned the quick set up, low cost small scale mining plant method, targeting 1 ounce per ton grade hot spots was his short term plan until moving the entire Runruno plant to the Abra tenement when Runruno is spent.

He mentioned a $10 million cost to have the small scale mining plant set up and running, with incomes possible to match Runruno, less volume of material, but very high gold numbers per ton.

Once this is knowledge, the silly cheap market cap today will be blown away, chasing a position then will be very expensive by comparison, a price those will pay if they wait to see the results in black and white.

The income from Runruno is huge and worth more per share if simply banked than today’s 5p.

Upside huge, downside none at these prices.

Patience for those holding, those watching, think about it, a PE ratio under 1 is crazy, MTL are in an amazing condition, incredibly well run and all in a gold bull run environment.

Excellent post, Gold is going much higher, this is the start of a much larger move in the gold price, money printing is all governments know, since gold acting as the anchor was removed in 1971, printing new money has been the answer to all cash short falls, and the effect is money has lost 98% of its buying power, hence why a house cost a few thousand in 1970 and hundreds of thousand today, the house is the same, but the cash is nearly worth less.

With debts out of control in the USA the money printing continues, and gold is the antidote.

10p a share during 2024 is still looking about right.

Patience is all that’s required.

At current gold pricing 20k ounces quarters produce $50 million income, about $29 million profit, with a market cap about to drop to £72.5 million should the shareprice remain the same as todays once the RHL buyout is completed in the next couple of months.

Just a little over 3 quarters clear profit matches our

Market cap????? Madness, let’s not forget the $300 million spent getting us to this majestic position, an award winning gold producer in a record high gold price environment, debt free, cash accumulation rapid enough to buy not only the Abra tenement, but enough to easily set up fast small scale production and a second income quickly.

I’m confident we will get some major exposure once the RHL buyout and Abra tenement is ours, any one looking in will wonder why we are so cheap, but once we gain some momentum, the chase will be on to get a holding, Darren Bowden is world class and his aspiration for a multiple asset gold producer is well in his abilities.

$2507 is a new gold record high closing price.

$1450 per ounce profits as I write this, dreams are made at MTL, this radio silence from Darren Bowden will break once the RHL buyout and Abra tenement deals are done.

Expect to see increased media exposure on MTLs dreamy position in the coming months, bringing along new interest, have a very good weekend everyone

Half way through the Q3 quarter and the average gold price has been $2410 so a benchmark $50 million turnover highly likely.

We will soon have RHL paid off and the Abra tenement purchase completed, gold resources assessed, all made easily attainable when you’re making over $1350 dollars an ounce, 2024 is MTLs transformation year.

Gold rising again, AI and tech stock bubble bursting, could some of that money come into bargain territory gold stocks? I think it’s about time record gold prices with low share price gold stocks start to align better, MTL is at the front of that queue.

Jim I wish you well, I really believe that motor home may seem a lot cheaper next year if you held on till 2025, my 10p target for 2024 still stands my friend.

The shareprice dip is another chance to increase your holding, if your invested and really want to wait to see real growth in MTLs income streams, it makes little difference day to day as to what the share price bounces to up or down, if we were 5p today I’m not selling, if it’s 3p today I’m not selling, I too have a target price as to where I may sell part of my holding, it’s 10p and if by that point we have 10 years proven gold resources and a dividend income, that would keep me holding the entire position.

If your trading MTL then the day to days pricing matters, if your investing on MTLs future you just need to wait, it’s that simple, I think we have to accept some are purely here to trade and the predictable selling after news, even good news has been a pattern for a while, but I see a day when those simply holding will come out on top, as Darren grows the business, the rewards will come organically.

Darren Bowden has been nothing but solid, it’s clear he can achieve, and he’s said he wants to grow this business beyond a few pence, so let’s all wait and watch him achieve his ambitions, patience is all that’s required.

It’s clear we have an extremely strong position as a debt free gold producer in times of record gold prices, and it’s clear we are far too cheap, but that’s not an issue if you really are looking to capitalise on the growth of this company, and grow it will, so I always look at the lower than ideal share price as another chance to build my stake cheaply, it’s the best savings account I will ever own, my 7 million shares will continue to grow, and “when” not if dividends start I will have both appreciation in capital value and a revenue stream income to die for, patience as ever will prevail as this company is the finest gold producer in the Philippines.

The cash in bank this quarter has been hammered by this one off event, buying RHLs shares at 5p came with lots of his demands, and the extra interest they decided they were due, with legal fees, plus candy will have had the same to keep things fair, it’s obviously been a heavy number, but it is a one off event, and the next 3 months cash generation puts it to bed.

It does leave us in a fantastic position, just 1.7 billion shares and free for MTL to make its own destiny, uninhibited.

The Abra tenement in my mind is not an unknown, Darren had 20 offers on the table back in February and he’s chosen the Abra tenement, why? it also happens to have a drill rig onsite, read between the lines, it’s gold rich, and with MTLs government relations, Skill set, and the cash to develop, YMC needs MTL, and we need their land bank, a perfect partnership.

It will be soon after the ink has dried we will get to find out the gold numbers, I imagine they will be very good indeed.

£17 million will worth 1p Carefree, when the buy back has gone through, cash printing business.