Member Info for leehardcastle

Great post Chris, you have got the measure of our current situation, as said by you and another one or two, the Abra tenamant is huge, 7.9 miles by 7.9 miles, it's twice the size of Hull City, that gives you an idea of the aquisition, the thought of trucking any near surface gold from the Abra plot for processing at Runruno is a possibility to monetise the plot quickly, Runruno is a conventional drill and blast open pit mining operation, so I could see that being the same at the Abra tenament, should future drilling shows high grades at near surface we can exploit the material with little infrastructer using the Runruno processing plant, an additional income stream on top of the 80k ounce prediction this year would be crazy at $2k gold pricing.

As for traders, the trolls have evaporated again, those who trade this share will more than likely it wrong, Roy talks about dips and spikes, but with a rising trend you have to very lucky to call it right, and even Roy will admit, he's sold short trying, those who hold and add will win the day, without the risk of watching the ship sail without them, for me we really have never looked stronger, sit tight and wait, the debt free announcemt will rerate us, its just around the corner, drilling results if good will put strong winds in our sails, and a maiden dividend will just blow us to whole new level.

Fantastic insight to Darren’s Bowden’s thinking, and he’s made a few really tasty comments, as said earlier he’s expecting to be debt free by April/May and as such will offer share holders the vote in June on going ahead with YMC, without lenders interference, as they will be finished with, there are no barriers.

The other point that blew me away was our current mine has 4 to 5 years before its ran its course, not 3 as we have been led to believe, after which he then plans to repurpose the mine equipment and staff as the Abra location is so close to the current mine, it will vastly reduce costs, with plans to be online without a break in production, costs to the company will be relatively small….and free cash will be a plenty, that’s gotta lead to dividends in my mind.

89% efficiency and increase costs kept to just 1 to 2% per annum because of continued cost reduction schemes, he sees 2024 to be a strong continuation of 2023.

I thought the Q4 results were OK and not amazing, but a quarter can be effected by the wet season and unplanned repairs, it’s why the annual figures are so important, and they were bloody brilliant, as in over $20 million more income for the year than Darren Bowden predicted in Jan 2023, and it’s put us ahead of where he had predicted, we are 100% debt free in the first half of this year, something Darren expected in 2025, hence why we can make acquisitions now, 1 of few in my books, Darren said in 2022 he had 20 offers narrowed down to 4 that fit MTLs plans.

We have 80k ounces this year, and definitely 2 more years gold after that, with new gold reserves in the pipe line.

I can say the mine now runs like clock work, the income stream will be huge, 3 times our current share price not including future reserves, if that not a no brainer I don’t know what is, let’s look at other investments, banks? like Lloyds take 7 years profits to match their share price, offer 6% dividend and in my book quiet risky, yet they are most likely the most privately owned share the U.K.

We could offer $20 million in dividend next year, 25% of future income, which equates to a 30% dividend at today’s share price.

No brainer…..patience

Gold has averaged between $2035 and $2040 for January, seems the new base for gold has been set over $2k, Q1 numbers off to the best of starts

Those are the realities this year, we have drilling on the Abra tenement, debt free by H1 and dividends to come, 80k ounce at record gold levels, just keep adding as it’s a no brainer.

Very poor, what are you smoking? They achieved a year exceeding a revised upper forecast of 81k ounces by 4.5k ounces, and have set next years upper gold prediction to 80k ounces, and you can bet they will exceed that like they have for the last 2 years, that’s excellent news, we know the grades expected next year are still strong.

The figures for Q4 are strong considering the poor weather and maintenance both planned and unplanned, that mining.

This year has been exceptional and next year looks to continue, the interest on the remaining debt is still up in the air, but with debts so small the impact is becoming just as small, but it’s a legal document that will be followed at some point, we will get the 7% in time.

The gold beyond stages 4 and 5 was always a bonus, but it’s put to bed, we have 3 years gold and the Abra tenement is the immediate longer term gold, along with another one or two further acquisitions no doubt.

It’s been a transformational year and it’s forecast to carry on this year.

We were priced at 3p a share soon after refinancing out debts, and have since paid off over $100 million dollars from those loans at 2023 Q3…..that’s literally 4p per share, when we clear the last $30 million with 2023 Q4 and 2024 Q1 earnings that is another 1.25p per share, we will have generated 5.25p per share income and we still sit at 3p per share today, that’s how crazily undervalued this company sits, crazy but true, that’s not to mention all the other positives, gold near record highs, acquisitions, stability, high efficiency, etc etc.

We must be one of the cheapest stocks on the market?

Interestingly, if the 2 major shareholders offered 8p per share to take the company private, it would cost them just £58.5 million to buy the remaining shares not in their hands, if shareholders accepted of course, they would still have an absolute bargain, less than 1 years profits to recover their costs, leaving them a mine with another 2 years gold and the acquisitions, or they could just enjoy the ride instead of being greedy, but without MTL could they carry on? The licences and awards are all MTLs, not Candy and Edwards Ltd

Sham, I wouldn’t worry yourself as the 2 largest shareholders own 65% of the share allocation, the rest are institutions and us private shareholders, they don’t have enough shares to force a buy out, they can only make an offer to buy us out and we can accept or refuse, like we did in 2010, it’s really not an issue today.

Dividend would be a maiden one, we haven’t paid one before, but its coming, and your correct about the PE ratio, it’s unbelievable to have a company make $80 million before tax per annum and have a market cap of just over £60 million???? We have banged that drum and the market is slowly catching on, but it’s miles behind true value, the biggest issue for some is now in hand, extending income past 2027, buying major holdings in a company with both the land and equipment to move the project to production rapidly, land with a track record to hold high grade rich gold and copper reserves, MTL is beautifully run company at a pivotal point, soon to be 100% owned without loans, mortgage free as such, with a PE less than 1, making over $1000 an ounce is utter madness.

I can never work it out with Darren Bowden, he’s always played it down with much lower predictions than what we have achieved so far, I think we will produce 80k ounces this year, but I would not be surprised for him to mention 70k ounce lower estimate and 75k ounce upper. I’m hoping we have exceeded the 2023 upper estimate by 5k ounces, and remember, the upper limit was adjusted higher mid way through 2023.

In the pod cast of 2022 he mentioned a temporary dip in phase 3 gold recoveries, but said the end of phase 3 into phase 4 would see them recover, it’s that tit bit that gave me confidence in these Q4 results, I’m expecting better than some, but I have always had a cup half full mentality and it’s usually worked to my advantage in life.

My predicted RNS Q4 results and details to include:

Achieved highest average sold gold price ever.

Annual gold production vastly exceeds upper 2023 estimates.

Debts halved again to just $15 million or less.

Final loan rate finalised at 7%.

Viable gold reserves found extend mine life.

More news on additional acquisitions.

BIOX efficiency hits new highs.

2024 AISC reduced under $1000

Let’s see how many of my 8 wishes hit the spot, if I get 5 or more I will be more than happy, but 8 would be nice, possible?

ToS1963 made a point about having reserves but not actually realising them, well I take a look at SOLG here and now as I remember the exciting days here when they found gold, 30p plus days, but I never invested as I know how long it takes to actually realise finds, so I have been massively into a gold producer that’s mining its gold, it’s nearly debt free and it’s benefiting from a new acquisition to extend the company’s future, it’s under the radar and has generated around $160 million from gold sales in the last 12 months, it’s at a huge pivotal moment being debt free in a matter of months, Market cap is just £66 million, take a look Metals Exploration PLC in the Philippines, ticker MTL.L

Not just me scratching my head, AP? Diamonds? God knows, on a MTL subject, I was hoping the RNS for the Q4 results would have dropped this morning, I’m always excited to see them, any day now for sure.

We still have phase 4 and phase 5 grounds to mine and that’s at least 3 years gold without extensions, extension is a bonus and a cheap way to mine additional income, it was said in the last podcast that MTL had shortlisted 4 possible acquisitions in 2022, saying that they had 20 offers made to them, but 4 stood out with MTLs strategy, so I am confident they have other acquisitions in the pipeline, as to not have all their eggs in one basket, hence why I posted about 3 or 4 of these style of aquisition would be amazing, MTL is one of the mining sectors highest achievers in the Philippines, and I imagine other mining firms with viable land banks will come out of the woodwork wanting to join forces, if the deals are anything like this one, it’s relatively cheap for MTL to get this one up and running with its next 3 years earnings already in hand, possibly 4 years if they can find it viable, but the illegal miners were making a living on the land adjacent to phase 5, so the gold is definitely there in some form.

I imagine a running mine in 2 years from now as long as the plot proves viable, Darren Bowden had this one up his sleeve and has kept it quiet, but I can see why, firstly, he’s now confident MTL has the finances and secondly, he has shares in the company, picked up a lot cheaper than shouting his plans last year.

Expert prediction is $2300 dollar gold this year, just as our AISC is predicted to fall to $950 for 2024, we will accumulate a lot of spare cash just as we need to spend on our future, happy days ahead my fellow investors.

Not a fan of wars but the recent US/UK retaliation strike on Yemen has had the desired effect on gold, just hit $2060 briefly, Israel/Gaza is a mess, who knows where we end up if China attack Taiwan, or we stop supporting the Ukrainian front line, it seems war is everywhere.

That would be great Adam, be good to see you benefit again with the rest of us, todays news has taken the only grey cloud away for MTL, we knew the debts would clear, we knew we would turn a handsome profit over the next 3 years, but now we know the strategy in black and white, we know MTL has eyes on a much bigger and longer future, this is such a cheap way to extend the gold reserves, and copper as it seems, if they repeat this style of deal to another 2 or 3 sites, the income could be staggering, it’s amazing how little the share price recovery has taken place, I initially paid 5p a share and I know others paid 40p plus, I predict 5p plus in 6 months and 10p when we start the dividend, something Darren Bowden said in 2022 was not the initial goal, but to expand the mining potential first, but with deals like this for such a low cost, I’m positive free cash will flow in enough to do both, for me it’s hold my 5.5 million and increase where funds allow, the same tactic I’ve had for the last 4 years.

Great to hear from you.

Thank you Adam, you were a rock for me early on, I wish you the very best, hope you do well in your next venture

Bang on CuckoldKing, that move on volume was as you say inside knowledge of MTLs plans, we knew something was brewing and directors taking shares was timed to perfection, they know where we are heading, bloody great to see it in print.

Well there you have it, acquisitions already in progress , 1 of many, debt free in H12024 in black and white, and look at the grades on offer in both copper and gold, confidence is at a high as we are ahead financially quicker the even Darren Bowden had hoped a couple of years back, I have said it many times, the company has a long future, decades and buying companies for peanuts by comparison to what we generate from Luzon.

Wake up boys and girls, the show is on