Member Info for leehardcastle

Gold on the move higher again

I agree on the 5p, funny how you lose aspect, I made my first purchase in 2017 for 100k shares in MTL at 5p and it was right at the beginning of them firing up the production, testing phase, a £100 million market cap at 5p, gold was around only $1100 and we had just taken in a loan with HSBC for $81 million with 10 quarterly payments to repay, we failed to get the mine working efficiently due to a production difficulties, luckily 2019 came and Darren Bowden took over as CEO, then we was off to the races, today we owe somewhere around $12 million and gold is priced nearly $1000 more an ounce, yet we sit at 3p or £60 million market cap, that’s ridiculously cheap and completely out of kilter to the companies true value, totally de-risked, but the charts say it all, it’s slowly catching attention, but in the next quarter it will hit the news, for a number of reasons, debt free is nailed on, acquisitions? mine extension? buy out? dividends etc etc. 2024 is the year that will transform MTL and its future will be clear.

Wow, I thought you had sold out to achieve a property deal Roy, not heard from you for a while, yes the cogs have aligned for us LTHs

We are much further ahead than even Darren Bowden had us at his last pod cast in 2022, but he did say if we see $2100 dollar gold all would change for the better, but at the time is was a wish and not a reality.

Hold tight because the best is yet to come

Hi Tygra, Happy new Year, there are plenty of trades going through today, it’s just LSE isn’t showing them, approaching 3m shares traded so far, obviously mostly buying as the share price has risen.

Well I did say it before that it was possible, but I think we have achieved the highest average gold selling price to date, $1990 per ounce for our latest quarter (Q4 2023)

Looking good for the bottom line, a 20k ounce quarter would be stunning at that gold price, not long to find out, middle of January.

Got that one, tick, how about this one, gold price crashing

I’ve got my 5 reasons printed down, when do we start naming them?

Raking in $1000 clear profit an ounce as we speak, company estimates for 2024 are ASIC of around $950 so that would $1100 profit an ounce at these rates, the last $30 million debt as of Sept 23 that’s just 30k ounces production to leave us debt free, I’m hoping we have achieved 18k ounces plus today, do the maths, 2 months from here we are debt free and banking cash, 2 months, that’s it, huge milestone for MTL….Merry Christmas all..and a very happy and prosperous New Year

Flying up again $2045, just 10 days for the books to close for Q4, I would love to see a record high $1990 average, with a last minute high price in December its actually possible.

Gold now over $2030, I think we’re at the bottom of a consolidation, things are going to move forward from here, last chance in the 2s over the coming weeks, 100% confident a major move forward is on the cards over the next few months, debt free on the horizon will spark major new interest, so those who know MTL exist should hold tight for the re-rate.

Gold $2017 found its mojo again

Debt free is around the corner, 20 days more production in December closes the Q4 2023 results, they announce them to the public 2 to 3 weeks into January.

Debt reduction for Q4 2023 should be around $18 million leaving around $12 million for Q1 2024 to clear, most likely end of Feb, but certainly before Q1 2024 finishes.

Debt free announcement will be a massive milestone for MTL, and talk of dividends will follow, at that point you can expect a substantial re-rate in the share price, as we have 3 years of current reserves to go at.

Does Darren Bowden has a plan to carry us beyond 2026? Of course he does, and he will unload it to the public when its time, but for sure, we are about to be debt free, and we have enough gold reserves to generate around $250 million before tax before current reserves dry up.

My take for what it’s worth, we will utilising current land banks, some of which we already have inferred reserve status, that could expand mining for a hand full of years for little cost, but utilising the wealth from the next 3 years gives MTL the ability to buy new proven reserves, acquisition was always deemed the most effective future for MTL, as expressed by Barren Bowden in the past.

For now we have much to look forward to in the next 2 quarters, and time will reveal our longer term strategy.

Darren Bowden took shares recently instead of cash, that’s a telling, the major shareholder haven’t sold a share, that’s telling, institutions have expanded their holdings, another telling, follow the big money is my advice.

p.s I’ve held shares consistently for 7 years in MTL (5.5 million) so my opinions and views are backed by my wallet.

It’s this continued professional behaviour from MTL as a company that will secure us a bright future, being the darlings of the mining sector in the Philippines ensures that they will grant us future rights to mine there, in the knowledge that we improve the land and lives of the people who live there, its good to know, and as ever Darren Bowden is as at the front of it.

MTL are mostly held by long term investors, some with very large holdings, 10s of millions of shares, my self with 5.5 million, so it’s not really on the radar, but it’s waking up finally, key moment in 3 months time will be a debt free position, every metric of this company is undervalued, but it’s an opportunity to hold a truly high quality miner in a politically safe environment, MTL win awards for their environmental friendliness, so will without doubt either purchase new land banks or extend currently own land banks, they have Darren Bowden as the CEO who will certainly know where we are going, he’s proven himself already, turned us around from the brink and has now got us in amazing shape.

Dividend payment around the corner, that news and future gold finds will blow us into another level, in the mean time, we are making over 20k ounce quarters and $20 million profit from gold sales.

Touched $2209, wow, it flew higher before being brought back down, never seen that in my life time, shows the pressure to go higher is definitely there, bodes really well, I think we are on the brink of a huge surge up.

$2071…..another $5 higher and we will benefit from the highest gold price in history, it’s been on the cards but all the stars are aligning, Metals Explorations have well and truly gotten wind in her sails, have a great weekend all.

Just an interesting note, MTL are currently making $219k clear profit every single day.

(20k ounces per 91.25 days = 219 ounces per day at $2050 - ($1050 AISC) equates to $1000 profit per ounce.

219 x $1000 = $219000 per day.

Gold price averaged $1960 over Oct and Nov so with it sat over $80 dollars above that in Dec it’s highly likely we will have our best average selling price in the companies history for Q4, I can see $1990 per ounce, certainly setting us up for another corker set of results.

I took 100k at 2.77p as well, at todays gold price we are making $1000 an ounce, this quarter is going to be another corker, and this years gold output will blast past an already upgraded prediction, 81k ounce upper level is going to be know where near. 86k ounces is my prediction, so much good news is forthcoming the next few months.

My thoughts exactly, but its also why I think he plays it down a little, he never shouts about the future, and I have a thought on that, its in his interest to keep the lid on the share price whilst he takes his bonus in the form of shares at 2p or under, than it is to take shares at 5p, of which its where we should have been had we had more news of whats in his plans, plus interviews and press exposure.

The fact he took shares says a lot, and my faith in his leadership is huge.