Member Info for leehardcastle

Knocking on the door of $2000

:-)

Can you not read detail? I said we will produce 86k ounces in 2023 (assuming just a 18k ounce Q4), lower grades next year with improved BIOX efficiency we will still produce 80k ounce per annum, I’m basing $80m clear income for 2024 based on a ASIC of $950 and Gold at $1950, which is a conservative gold price for 2024.

Yes the income will be taxed, yes the company will spend on acquiring new grounds to mine, all normal for any gold mine or business in the world, but just 1/4 of that $80 million for dividend payments is $20 million or 0.8p per share……40% of todays share price.

That’s why the share price will rise as investors jump in to get a 40% dividend, at 4p per share its 20%, at 8p per share its 10% of which would be still a generous dividend for any company.

This is the news to come in 3 months….Record year for MTL with just $12 million to repay.

In 6 months the news will be….MTL are debt free, cash in the bank and dividend discussions will take place. news on MTLs intentions to carry the business forward past our current reserves that end in 2027.

I have been here 6 years and I have banged the drum that this will happen, I have collected 5 million shares in that time, we have had huge hurdles to cross in those 6 years, but MTL have steered round them every time, the next 6 months are a breeze, no more hurdles, nailed on as they say.

Not for you, then you really are a fool.

This years gold production is going to be about 86k ounces, the original target for the year by Darren Bowden was around 72k maximum, raised to 81k maximum by Q2 as they had massively exceed expectation by that point, and then they exceed expectation in Q3 at over 22k ounces.

We have averaged nearly 23k ounces for the last 3 quarters, with BIOX not functioning as well as they hoped, but improvements implemented as we speak, so with a slightly lower head grade next year, improved BIOX as suggested by Darren Bowden, higher gold price and no interest payments, my prediction is for even higher free flow cash than this year.

The high gold price, higher production efficiency and no interest on loans will more than offset the slightly lower planned head grade, AISC set to be $950 in 2024.

Just 20k ounce quarters will produce $80 million free flow cash in a year with a dividend payment to us share holders will blow our piddly $45 market cap in oblivion.

My figures are based on fact, and I’ve been here 6 years, not fiction, Adam your been a member here since June, and I bet that’s the first time you clapped eyes on MTL, you make me laugh, you ignore any positive in an RNS and pick at scabs, like a 5 year old.

Gold price flying again, over $1950 an ounce, $900 dollars profit as we speak for every gold ounce sold, MTL have become a money printer, that’s a fact not fiction

That’s 2000 million shares Carefree, 2 million shares traded is 0.1% or 1 share in a thousand, that’s buying and selling, he talks utter tripe to annoy, best ignore as he has lost all credibility.

Classic reply, made me chuckle, it’s clear with an ASIC at $950 next year the $1000 gold ounce profit is to be a reality.

I have mentioned this before but AAZ we’re in a similar position where the share price was around 30p and they were just one production quarter from a debt free position, the market cap was really small, and I questioned why? But sure enough the company announced a debt free position the following quarter and boom, 75p in a matter of weeks, then a top of 170p in a matter of months, why? because some people hate not buying in until it’s in black and white, when they actually announced a dividend the share price rocketed to suit.

MTL will make at least $80 million clear profit in 2024, after taking some tax and sharing the remainder between the company and shareholders, let’s say just $20 million is for dividend payments, that’s 0.8p per share, that’s a 40% dividend from a 2p share value, but the share price will adjust to say 8p and that would still be a 10% dividend.

So we have 1 of two things to come, a low share price and a 40% dividend or a 4 bagger share price and a 10% dividend.

Who doesn’t like either option, answers on a post card.

Trex you make a great point, Q3 AISC was only $1055 and gets lower with each and every passing quarter, won’t be long before we make a $1000 dollar an ounce, the last 3 quarters cash generation has been staggering already, free from interest payments in just 5 months at our current rate of pay down, 2024Q1 results and confirmation of such will definitely wake this sleeping beauty, one word…..Dividend

Buying at 2.29p now, I really can’t believe those who sold this morning for 1.6p, the market maker has made a mug of you, I keep saying it, hold tight or add, you will not regret it, the best of MTL is just around the corner, let’s see if gold will get above $2000 this quarter? I’m pretty confident on that too.

Your not ID, the debts are flying down, about 0.8p per share every quarter, and yet we are still going sideways, 2 more quarters will have us debt free and cash in the bank, can you see us going sideways then? Absolutely not, imagine the next quarters report for example….Record year for MTL, well above an already revised higher annual production estimate, debt in the region of only $12 to $14 million.

MTL produces cash profits of around 3.5p per share per annum, and from early 2024 that’s to be shared with us private investors, so those few who can’t see the cash to be generated today are absolutely crazy, the current mine plan has a life till 2027 without finding additional gold, that’s cash generation of over 10p per share .

The gold profits will secure the future of this company, it will have the cash to buy what ever gold rich land it wishes, the company is in a gold rich province, it’s award winning relationship with the Philippine government has secured them a bright future, we can cherry pick the best gold rich land and this time from a debt free position crack on for another decade and so on.

Those results by the way exceeded my expectation, well done Darren Bowden and his team.

$1900 Gold is back boys and girls

The BBC have just spent a few minutes discussing Metro on the Breakfast program, they hammered home your safe for deposits below £85k, but I would expect 100% of clients hearing that press are taking out funds above that as we speak, I would say that will put a massive pressure on the banks finances, if a mass exit of funds takes place over the next few days below that £85k as well, it’s so easy to move to another bank, I haven’t an account with them, but I know I would move my cash in an instant, why take the risk, a run on deposits seems highly likely with all the press coverage, risky one, tempting share price for a recovery play, but the risks here are massive.

Adams posts negativity at every turn, but the fact remains that at todays gold price we make $700 clear profit from every single ounce of gold poured, and have had $800 profit ounces over the last 3 months, PROFIT not a word he likes to hear, so waffles on about doomsday predictions, we have just 9 months to a debt free business, and $1800 dollar gold will be more than enough to achieve that, better get your position soon Adam, or you really will look a fool in 9 months time.

The AGM meeting will have brought up the reappointment of the Chairman as his contract was coming to an end of its agreement, the fact is RHL didn’t want to rehire him, know one knows why other than those at the meeting, and we wouldn’t have know had they found a replacement chairman before his contract end date came to its end, that’s all true.

My beef is the way it’s presented by a few here, presented as if the 2 major shareholders will have the power to take over the whole company, buy it for peanuts and know one can stop them, that’s not the case, they demonstrated the power to not rehire a member of staff, fact, but that’s all, 1 point in many at an AGM, but they have an invested interest in the company to flourish, not destroy it, my take for the few conspiracy theory comments is for some to buy in at a cheaper price, to buy what they say is highly likely to fail, if they aren’t here to buy shares, then why spend time enlightening everyone to their worries, it’s not to save us from loosing out money, that I’m sure of.

MTL is on course to achieve what everyone wanted from the start, find gold, borrow money to produce gold, pay down that borrowed money, then share part of the profits to those who funded them via buying shares, invest part of the profits to extend the business viability, I know that we are on course and nearing the best part of that simple summary, hold on to your shares folks, it’s that simple, the good times are just around the calendar corner.

You make the comment that the chairman was removed, that’s not actually correct, his contract had ended and it wasn’t renewed, that’s because of possible disagreements only know to those at board meetings, comparing that moment to a take over is a joke on your part, and scaremongering is on you when this takes off, and those who lose confidence through your comments miss out.

The books close for this quarter in 2 days, Average gold price for the quarter is circa $1925, so another strong set of results are on the card, we will find out in 2 weeks or so, but expect another massive chunk knocked off our massively diminishing debt, welcome to the 30s, we can’t have a sideways market cap for much longer, value here is getting ridiculous.

Reserves proven should last till 2027, mine had a 10 year life at 2017, but they hope to add a year with drilling on the edges of current reserves.

Other reserves owned by MTL have been mentioned, but a cash rich MTL in 2024 should open up further options.

Hi ID78, from a logical point of view, our market cap is half of SHG, of which you say is undervalued, when we are debt free in the next 9 months, then we should have the same market cap as SHG, and still be undervalued, so thats a doubling at the minimum....logical answer from me, but as many here know, we are all looking for much much more, 5p to 10p once we have a dividend and clarity on future gold reserves for the company.

Nothing new for us LTHs carefree but it’s good for those genuinely looking in to MTL as an investment, it’s clear enough the huge progress in just 6 months, these black and white numbers are certainly easy on the eye.

5.2 million and holding, we are just starting to warm up, the next 9 months are going to be transformational for the share price, MTL will be a debt free cash generating machine, and can pick and choose its future, they are proven and talented gold miners, simple