Member Info for leehardcastle

JAdams…you are trying to make a mountain of a mole hill, the Chairman wasn’t re-hired, his contract wasn’t renewed, Darren Bowden is the director I’m backing my money on, he’s still in control, another Chairman will be hired and all rolls on as usual, it has absolutely zero to do with a conspiracy to take over the company, the major shareholders benefit from a share price rise more than anyone, and they grab the biggest dividend payout, so keep you half baked ideas in your own head, as your agenda is not honest or for the benefit of other PIs

Thank you for the cheap shares, I took another 200k, there are going to be some huge regrets in 9 months for those giving them away on the strength of what happens in the board room, production is more important to me, and that’s in full swing, debt free just around the corner, and that’s when we talk about dividends, do really think it will be a penny stock by then?

Leo, I’m one of many reasonably large PI holders of MTL shares, I sleep at night very well thank you, because I follow the big money, the 2 largest shareholders want the company in full, I don’t doubt that, but they don’t have the power to take it, they never have had the power to take it, the best they could achieve was a crippling interest rate loan that was a life line to stave off bankruptcy, a life line that came at a huge cost to MTL, a life line that filled their pockets, but Darren Bowden and his team have turned the company around, it’s in the final months to achieving a debt free position, with enough gold to build a handsome financial position, this will allow them to continue producing gold for decades to come, every successful mining producer in the world purchases proven gold resources, or proves up their own land banks ahead of running dry their current gold resources, that’s the fortunate position we will find our selves in the near future.

A cash rich company doesn’t need to flood the market with new share issues, you compare MTL with the Wild West style AIM companies, that dilute shareholders every touch and turn to fund directors wages, with false promises and no real hope, that’s the complete opposite to what Darren Bowden has achieved in the last few years, to drag us from over $130 million debt to the some where around the $30 million level next quarter is nothing short of brilliant, head winds have not stopped progress, and we now make $800 dollars for every ounce of gold we pull out of our grounds, never thought that possible, but 90% efficiency and stubbornly high gold prices have blessed us.

You look for negatives and blow them out of proportion, not for the 1st time, but the inevitable rise in MTL fortunes get closer and closer to paying off for those patient to hold stubbornly.

Top up time beckons, I’m here for the long ride.

As usual the doom mongers come out in force, the facts are not know why the Director has not been rehired at the end of his contract, it’s political, it’s obviously nothing to do with performance, otherwise why would the majority on the board want to keep him in the position, but I know this, it’s not effecting production, gold is churning out the same regardless, so let the scare mongers scare, but the LTHs are not moving, and a million shares sold here and there is like a pebble on a beach, over 2000 million shares are in firm hands, whether it’s PIs, institutions, or major shareholders.

Top up time beckons.

Took another half a million today, 5 million in total, my prediction is a measly $35 million debt at 7% by end of September, how the hell we are still so cheap I have no idea, but I managed my ultimate 5 million goal, bring on the good times, because a rerate is a coming.

It’s not a pump and dump, it’s just those who sold shares after the last quarters amazing news, are buying them back, simple.

The time is running out for those looking for a cheap position in MTL, with months not years to a debt free position, this penny stock is going to rerate massively, LTHs patience is about to reward big time, I’ve been here since late 2016 and have collected a relatively large position, still amazed with our super low valuation, but I care not, as the value in this company is going to huge, DB has proven he knows how to run a business, laden with huge debts when he took over, they have and are evaporating much quicker than many could have hoped for.

Imagine what he will achieve with a cash rich MTL, I do.

Ronnie is back with more wisdom, he actually makes me laugh, he’s been quiet since his last gold to $1800 dollar prediction, he’s piped up on a day when we have record results and gold at $1980, poor sod

My 80k ounce prediction for the year is actually now agreed by Darren Bowden, and costs per ounce reduced by $100 dollar to boot, that’s the lower cost of parts and oil etc, 1 year to debt free is my next prediction, bloody marvellous job, interest rates have little bearing on the last $48 million, but I’m confident we will still get what’s legally agreed at 7%, but it’s a cherry on a lovely iced cake, and not a defining moment, because we are a record breaking gold miner.

I think we are set to go much higher than production estimates last year, why? Well Darren Bowden sets low estimates, as proven by the last 2 years, so I was expecting top end and above, but he will have based his estimates on ore grades, but, we have achieved a much higher efficiency than even he may have worked those estimates on, 92% efficiency if maintained will be a big plus for us, it’s nearly 10% better than the 85% of old, that’s worth 7k ounces alone, I would be disappointed if we don’t make 80k ounces this year, I’m very confident that’s going to be the case.

Hi Sham, I saw a similar share price movement with AAZ, they hung around the 30p level or about 8 times their ultimate low, just before they were debt free, and it puzzled me why AAZs market cap was still so small, I invested at 30p to 35p with trepidation, when the company actually announced the fact they were debt free the very next quarter, they rapidly rose up to 170p over the next 2 quarters.

MTLs shareprice is around 5 times our ultimate low, following a similar pattern, totally undervalued for our current production position, that can cause trepidation for new private investors, but in a year or so at the rate we our bringing down our debt, we will spring multiple times higher with that very same debt free/dividend announcement, the fee float of shares is tiny as 3/4 of them are held by financial investors, I would say the last 1/4 are mostly tied up in LTHs hands, between my brother, my self and my friend we have 4% of that private investor free float, I’ve kept adding and will continue, no brainer with gold at these levels, and the macro environment says it’s only going higher.

Just a hand full of days for the closing of the Q2 numbers, looks like we will average about $1965 per ounce, our highest value ever, we lost 1 days production due to the unfortunate death of an employee, RIP, that’s around 200 ounces, but hoping for over $40 million in sales, with costs of production possibly falling as diesel costs have dropped significantly over this period, one of the major costs in production.

I’m looking forward to clarification on the 7% loan re-rate and news on drilling new reserves.

Roy, it tells me the company has a bright future, why else you would accept shares as part of your salary? but we all know that, hence why we wait paitently for our rewards.

What RNS is that CV?

Had to do it, crazy cheap again.

Great reply Jholistic, the only thing Ronnie can actually be relied on knowing about gold mining is the actual gold price at that moment, he’s dead handy for updating when it’s swung $10, as he has no factual basis on any of his comments it has no real effect, other than annoy in the same manner as a wasp in window, I have been clear I’m personally here for the long term, minimum 5 years, and the share price has been between 5.2p and 0.4p in the time I have been part of this journey, I always buy on dips to increase my total allocation, this being time for another top up.

Up to $1975 now you muppet, how sad you are posting $10 swings

We are making $750 dollars an ounce you muppet, when was gold at $1900 $2000 or $2100 anything other than amazing for gold companies, the average gold price this quarter is over $100 dollars higher than the last, you come across as a total fool, and believe me know one is acting on your advice.

The majority 70% stakeholder had agreed and the minority 30% stakeholder has yet to agree, as it was a legally bound agreement I can’t see how the minority stakeholder can do nothing other than delay issues, they can’t reverse a legally bound agreement because it’s not as profitable anymore, it will go through, no doubt at all, 3.5 years ore reserves based on the old estimate, looks good knowing the illegal miners that have been cleared were digging in the lands adjacent to stage 5, once proven later this year we should see an upgraded reserve estimate in Q4 this year, 2022 was a cracking year exceeding production estimates, 2023 looks to blow estimated out of the water, I can see us reaching 85 to 90k ounces this year, with efficiency up and stage 3 gold to go at, everything looks solid.

I like the statement that we are seeking new opportunities and acquisitions, that’s the long term future for MTL, to carry on mining new reserves, with our relationship with the Philippine government and communities, we will be first in line to mine new land.

Last time you posted doom we were at $2016 and today you post we are at $2016, go away you numpty