Member Info for leehardcastle

The Buy Back is good for all of us in that we will have put the Edwards issues to bed, he’s not played fair and does not have good intentions for other shareholders, it’s fantastic that MTL can produce such large amounts of cash each quarter that gives us the power to buy back and remove the shares from the market in such a small time frame, as said already, we end up with our shares being part of 1.7 billion shares instead of 2.1 billion, that’s beneficial when dividends start as the profits shared is in effect 20% larger per share.

Production update for April and May shows us still producing huge levels of free flow, and look at the average selling price…lovely.

$2330 average gold price for Q2 so far, just 2 weeks production to tally, this is a huge quarter for MTL, blowing away all previous gold price quarters by literally hundreds of dollars, those letting go in the sub 4p range are mad, I have no other words, this quarter is the one that lets the world know the cash generation here is huge, a massive re-rate will be long overdue, it’s coming.

Sorry for the typos, did it fast, I'm busy ;-)

Hi Printerman, the company is debt free, makes around 80K ounces of gold per year, Q2 results due in 6 weeks, looking to generate around $25 miilion plus before tax each quarter.

3.5 years of gold left in the cuurent mine (Runruno) and we are purchasingt another gold explorer holding a large plot in June (YMC) to expand reserves and creat mulltiple incomes, all paid for through profits, no Dividend this year on the cards as they want to use the cash to expand first.

Long term holders have huge holdings, I have 7 million shares, some have over 30 million, the best is yet to come and the shareprice is rediculously low.

Hope that helps your decision.

If you want to know why gold got hit on Friday, and want to know everything about precious metals, I recommend you watch maneco64 on YouTube

This gentle and wise precious metal investor makes a video per day and is a must watch.

I promise you will be hooked and he gives you assurance and peace of mind with why we have to own either gold and silver (real money) or be invested in the miners.

All paper currency is dying and having your wealth in the banking system is dangerous, I have a fraction of my wealth in the banking system, I’m all in MTL and physical precious metals.

Watch maneco64 I promise you will be glad you did.

The recent rise in the shareprice was fair and deserved with the position of the company, offering some an exit point, many on a tidy profit, the pull back is normal consolidation and those exiting now are getting there timing completely wrong, the bottom of the pull back is here already and the next few months will cement a number of things, firstly MTL are generating huge amounts of cash, secondly, gold is only going higher and MTLs profits will accelerate, and thirdly, The Abra tenement is gold rich and Darren Bowden knows that fact already, the drill rig onsite is not an ornament, it’s been used by YMC already, and results of those drill holes already exist, he’s not buying a plot of land blind, he’s offering YMC a share of the profits and the cash required to get the gold out of the ground.

The current shareprice is clearly cheap on any metric, just banking the 3 to 4 years gold profits remaining in Runruno would generate a one off dividend payment 2 to 3 times todays shareprice, but Darren Bowden is clearly confident he can use that cash to bring us multiple incomes, both short term and long term.

Opportunity is knocking and those who have sold out are itching to get back in, when the tide turns the share price will rally well beyond the 5p last seen, and 10p is still my target this year.

Q2 gold price so far has averaged $2350 over the last 9 weeks, with only 4 weeks to go this quarter looks set to blow Q1s $2069 average into oblivion.

I think the Q2 numbers will be the wake up call for how silly our market cap remains, 1 years profit before tax is greater in value than the company’s market cap, MTL the No1 miner in the Philippines with no debt, producing 80k ounce annual gold at a time of record high gold pricing and the few penny shareprice is still on offer, gold set to go much higher this year and unloved gold producing stocks will gain interest, MTL is the bargain of the lot, the vast cash generation will catch new investor interest in the the next few months.

$300k a day is being banked every day, 60 days mining tomorrow will have generated $18 million clear, lets say the Candy and Edwards get their way and take $6 of that $18 million, $12 million is banked today and from today $9 million follows every month, that buys what ever we want and sacrificing short term satisfaction with dividend payments that would certainly help the shareprice today is worth sacrificing, Darren Bowden clarified 2024 is about expansion, maximising every $million to buy the best land bank or business on offer in the Philippines, I’m totally onboard with that, some may find that a long term approach not worth waiting for? so they move on, the fall in shareprice creates further selling and panic, but in the back ground MTL are creating and mining and expanding the business, these dips are 100% the right time to take advantage, wait for the tide to turn, which it will as MTL are transforming in 2024 with huge cash generation, aquisitions and company exposure will bring that in abundance with time, just keep your faith, buy the dips and let Darren Bowden take us to better places.

Over $1300 dollars an ounce profit at current gold pricing, the 3 to 4 year gold reserves at Runrumo will generate without expansion from aquisitions a minimum $300 to $400 million clear profit before tax, cash already in the bank with no debt and $300 million to date spent to achieve our current position, yet we currently are valued as a company at $100 million market cap?

Coiled spring is an understatement, at some point it will achieve fair value, for me that’s about 10p today, MTL has to be the cheapest debt free gold miner in the world.

Darren Bowden clearly states 3 to 4 years remaining in the annual report

No brainer:

Metals Exploration PLC - Philippines-focused gold producer - Gold production in 2023 rises to 85,194 ounces, from 72,537 in 2022. Sales revenue jumps 34% to USD166.7 million from USD124.4 million. Pretax profit jumps to USD119.6 million from USD8.7 million. Sets production outlook for Runruno mine of 74,000-80,000 ounces in 2024.

At around $400 higher gold I think we can see these great 2023 numbers look light by comparison to what’s ahead.

There will be an article or two in the coming days expressing the success of MTL, it will attract new investors no doubt, we all know we are undervalued, so be patient and let the market catch up to to story.

There you have it, MTL is transformed, no skeletons, 2023 was amazing, 2024 is set to be amazing on steroids, $400 dollar higher gold price to 2023 with no loan interest, next years numbers will be unbelievable, and the Abra tenement aquisition will reveal its potential, I’m sure Darren Bowden already knows what that is, well done.

I hope your right, just try to ignore.

Annual results will make fine reading, any day now

This is why MTL are the bell of the ball in the Philippines, award wining mining with both local recognition and governmental awards, Darren Bowden knows the secret to expansion is to improve the health, wealth and education of the local population, with the locals and government getting equal benefit to the miners is the key, keeping his word and making his promises a reality.

Darren Bowden has been approached by dozens of prospecting and mining companies as we are seen as the pinnacle and most respected miner in the Philippines, with a relatively smooth path more or less a certainty to make new projects reach production.

Long term holders have known this and it’s not always clear to new investors, who have jumped in and out treating MTL like a Wild West AIM stock, MTL is a secure and stable business, debt free and producing, selling gold into record high prices and expansion plans in hand, give the company time to grow in both size and wealth and appreciate your on board at a vastly undervalued market cap.

To back my words.

200k purchased at 8.00am

Silly cheap

You trade £1000

I invest £100000

7m shares is actually a lot less than my friend who’s now got 11.3m and he only started collecting 3 years ago, and he’s still my friend, gold hit $2450 by the way.

I’m in for a few on Monday, think you will be surprised how quick MTL recovers, the seller may have cleared already, and Gold at $2414, I took 400k more above 4p so 3.8p will be an unexpected opportunity, 7 million plus thank you.

Silver and gold breaking higher, Fed finally hinting it’s got major issues, debt pile becoming unstoppable and every $ of tax payers money can’t bring the deficit under control, financial crises looms and I recommend you shouldn’t have any large sums in the banks, I have bought a shed load of physical silver instead, bank balance run down, just MTL and silver, looking at silver ETFs too, they are vastly behind the silver price, catch up highly possible over the next year, silver predicted to run short of infantry and a sharp price hike will be required to get those to sell their stacks to alleviate the shortage, very interesting year ahead

Gold flying, MTL was cheap before this pull back, it’s clear a large seller or two have created the dip, seen it soooooo many times, but I see it as natural consolidation and part of a rising trend, a rise from here next week for those looking for a bargain entry point.

Darren Bowden said MTL would be debt free in May 2024 at his last interview in Feb, everyone was happy, late March he announces were debt free ahead of schedule, he tells us recently the extra interest of $6 million may be required to satisfy the major shareholders and even then were debt free mid April, we have had a full month banking cash at the rate of $10 million per month and it’s been panic stations for some, crazy behaviour, we’re a cash creating monster, and it will show in Q2 numbers, maybe then there will be calm.