Member Info for leehardcastle

It’s time for another interview Darren, let the world know where to park there money if the believe in Gold.

Talking of gold, Biden has stepped down in the race for re election, think we will see another gold rally, always gets stamped on with every rally, but it’s off to the races with that news I’m sure.

MTL have had a long journey and at one point in time, around 5 or 6 years back, we came very close to bankruptcy, a mix of poor gold price and poor running led us to vast debts and a near bank foreclosure, that had the share price collapse to under 0.5p and many including myself doubled down and bought those 0.5p shares to average down losses.

We survived and thrived, the gold price has more than doubled from those days, gold production levels doubled too, and we are now in a very strong position, but, those LTHs who remember those 0.5p days and bought them, I was one of them, averaged down and held for a recovery are now in big profit positions, it’s why we have constant selling pressure into rallies.

That’s normal, frustrating, but its effect is limited, those LTHs cashing out the cheap shares are bought by new investors, new investors looking to see a much higher share price, so their enthusiasm slowly overcomes the LTHs cashing out, consolidation.

The facts are we know we should be worth more, and those left holding will be fresher and looking to reach new highs, I’m a LTH with bigger aspirations than others, I genuinely see MTL as an opportunity for me to be part of a vastly bigger, more profitable company that our maiden mine can produce, and will hold for as long as it takes, as long as the prospects look this good or better, the share price will continue to ratchet higher with each development.

The money of the likes of $1 million profit every 3 days or so IS our money, and we are all currently getting a 20% dividend, the share buy back completed in the next 3 months means we all have an extra 20% slice of the pie, no you can’t spend it today like a dividend, but the cash piling in is worth 2O% more to each one of us.

The fact we produce more of this cash per share in 1 year than our current shareprice value is not clear to everyone, but those who know should realise they are onto a good thing, Darren Bowden has the skill and money to take us to multiples of todays share price, and Gold at all time highs cements this possibility for me personally.

Enough said!

$320k profit per day generated at MTL as we speak, $1 million every 75 hours, this cash generation is out of this world and its going to come through to us all at some point, its unbelievable to be see ADVFN showing MTL with a Price to Earnings ratio of 0.75

Patience is going to reward us all big time.

The quiet before the storm, always get a little pull back before a move higher, Gold approaching all time highs, did say Trumps ear was good for us ;-)

(Kitco News) – Safe-haven assets like gold will likely benefit from the increase in market volatility and perceived risk in the wake of the Saturday afternoon assassination attempt on presidential candidate Donald Trump, while the increased odds of a Trump victory in November could weaken the dollar and boost the yellow metal, according to numerous market participants.

“Undoubtedly, there’ll be some protectionist or haven flows in the Asia early morning,” Nick Twidale, chief market analyst at ATFX Global Markets, told Bloomberg. “I’d suspect gold could test all time highs, we will see the yen getting bought and the dollar, and flows into Treasuries too.”

Ipek Ozkardeskaya, senior analyst at Swissquote Bank, also believes gold will be among the assets to benefit from a near-term flight to quality.

“This weekend’s events will likely cause increased volatility on Monday open both in stock and bond markets,” Ozkardeskaya said. “We expect to see flight to safe havens like Swiss franc and gold. Bitcoin has reacted positively to the news as a result of knee-jerk flight to safety.”

Gold prices are continuing to trade in the elevated range above $2,400 per ounce, which they reached following last Thursday’s better-than-expected U.S. CPI print, with spot gold last trading at $2,430 at the time of writing.

Trump said he was shot in the right ear after shots were fired at him at the Pennsylvania rally. His campaign said in a statement that he was “fine” after the incident, which saw him rushed from the stage by Secret Service agents. One attendee at the rally was shot and killed, and two others were in a critical condition.

Initial market commentary suggested the shooting of Trump at a Saturday rally in Pennsylvania may prompt traders to boost his probability of success in November’s election. Trump’s presidential bid has gained momentum across global markets after 81-year President Joe Biden flopped in the first presidential debate on June 27th.

According to the latest odds from PredictIt, the chances of Trump becoming president increased in the aftermath of Saturday’s attack.

Joe Gilbert, Senior Portfolio Manager at Integrity Asset Management, sees a pullback for risk assets, which is likely to benefit gold and other safe-haven investments in the short term.

“The Trump assassination attempt will definitely inject some uncertainty into markets,” Gilbert said. “Given markets are trading at all-time highs, it would make sense for the market to retreat from these levels as the potential for a more contentious and contested election seems more probable. We expect volatility to increase even as the odds of a Trump win seem to be getting higher odds.”

Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, wrote in an X post that a Trump presidency will likely weaken the dollar, boosting the price of gold, oil, and other commodities.

It’s longer term I was thinking of, Trump will become a hero showing strength in adversity, and this will cement his presidency in November, and that’s dangerous as hell, he’s crazier than a box of frogs, bad for world peace, upside, good for gold.

Trumps attempted assignation can only send gold higher, interesting times ahead

GOLD running up again

Please let’s agree to disagree, and keep things civil on this site, we are all on the same page as in looking to make money, although some want a quick return, others a longer plan, and what level of investment varies from a few hundred to a million or two, but none of us can change the level of success for MTL, that’s for Darren Bowden and his team to achieve, we just hang on and watch from afar and assess the data as it’s released.

Based on the current information we can agree that we have much to be happy with, more than we could have hoped for a few years ago, and holding makes more sense than selling at the moment, why, near record gold prices, 3 years stable income, expansion plans in play, proven CEO, share buy backs in motion, Philippine mining awards in hand, Business offers on the table from multiple companies, Gold value predicted to increase.

If your personal share price target is reached, you can sell, if you think it will drop, you can sell, if you think it will go higher, you can buy in, increase your holding or simply hold what you have.

My take is we are not even close to reaching fair value, I expect the cash generation, expansion plans, reduced share numbers, higher gold pricing, Improved gold miner sentiment, Future dividends etc etc will take us to and beyond that 10p headline, so I will just wait and continue to assess the situation, but it’s a nailed on BUY and hold as of today for me personally.

Gold is heading higher towards $2400 level again, great for the start of the Q3 numbers, its clear we should have averaged around $2340 for Q2 when they are released, so we can expect huge numbers, the share buy back has been a revelation for us, its as good as a dividend and when finalised reduces the share allocation to around 1.7 billion shares, effectivly increasing our holdings by 20%

The 10p party is a reality later this year, its long over due, but the 20% reduction in shares means its even more likely and would only result in a market cap of £170 million, when you see the cash generation per quarter, its got to come through to the market, its just a matter of time.

We didn’t get lucky with the gold price, the out of control money printing has devalued the dollar and all other currencies, it’s a result of more notes in circulation that means you need more notes to buy an ounce of gold, gold is real money, and that money printing will continue and so will the rise in gold price, it’s why I purchased 7 million shares in MTL, not luck, judgement, and it’s paying off.

The Abra tenement was a chosen aquisition out of dozens of offers from mining firms, it also happens to have a working drill rig onsite, now I believe that’s been in use and gold has been found, we want YMC because they have added value, we have the cash income to realise that and Darren Bowden has the skill to bring it to pay off quickly.

10p still my prediction by year end.

That’s my 2024 target, gold expected to hit $2700 by two Major banking groups this year, and banks are not ones to promote gold but they concede the inevitability, can you imagine the income revenues for MTL at that level? Abra tenement will have revealed its fortunes, Plus only 1.7 billion shares in issue with Edwards bought out, 10p is not that big a ask.

I’m hoping we get some feedback from a few who have been to the AGM, fingers crossed

I see a wealthy investor taking over 10% of MTL at this point as extremely bullish, I also prefer the share distribution between many large holdings rather than virtually a monopoly in the past with Candy and Edwards, this year is transformational for us and gold incomes being so high the options are vast.

Gold flying again.

The cash use to buy out Edwards was cash about to be banked, so its utilising the cash in a very productive way, simplifying shareholder holdings, having those left holding wanting the best for the company, and time for YMC and MTL to look at the drilling results and assess the best way to tackle production.

Without 75% share approval you can’t take anything, it’s good that we have found the way forward, it’s a winner for all current shareholders as the Market cap is a based on 1.7 billion shares x share price, so the same market cap means a higher share price, £100 million market cap for example will be 5.9p a share, £200 million market cap 11.8p.

Well let me put it this way for simplicity, the company MTL is extremely happy to report its buying back shares at a cost of 5p and we the private buyer is silly enough to be selling at 4p, why? It’s clear the company sees 5p as good value, otherwise they wouldn’t offer to buy Edwards out, does that make sense?

You are correct, we now produce more cash in one year than our market cap, can you think of a better place to be? I can’t, the shareprice is disconnected to that fact.

Candy sourced Darren Bowden’s employment and it’s clear Candy wants to grow the company, after all he is the largest shareholder and benefits the most from future growth and profits.