Member Info for leehardcastle

$1975 is the average gold price in dollars since the end of March, around $100 over the Q1 average already, and rising as we are around $2040 as we speak, at this rate we may end up with our 1st $2000 dollar gold quarter, shame for the poor sole who lost his life, it’s a likely possibility with 500 plus employees on site, but well done MTL for showing the respect they did, nice to see compassion before greed, we aren’t an award winning company for nothing, tree planting, education, local employment and medical facilities are some of what MTL bring to the people of the Luzon area in the Philippines.

Words from DB:
The Company has significant technical expertise of operating in the Philippines. This combined with our operational and environmental track record and community relations building excellent relationships with the appropriate agencies and offices, leaves us very well positioned to look at appropriate in-country M&A opportunities. These opportunities, the Board believes, will create a larger and more structured business with multiple mines, which will have the ability to deliver significant shareholder value.
My thoughts are we will be debt free in 2024 and will have a minimum 3, possibly 4 years to build a vast cash pile, along with fully owned mining equipment, can jump into fresh proven Philippine gold reserves from neighbouring acquisitions.
We are in the process of making our first project a huge success, hindered by huge initial set up costs and expensive borrowed money, the second project will be an even bigger success when you already have the proven leadership team, the experienced staff, the mining equipment and the cash required in the bank, without borrowing, your off to the races, but for now I’m happy to watch us blow this last loan into oblivion and expect our first dividend later next year, if gold heads where I and other analysts expect, we can expect more of everything, exciting.

What most forget here, is when we hadn’t produced a nugget in 2016, with the same number of shares as today, with a loan of $81 million at 8%, gold at $1200 and the mine processing unproved….we were 5p and the director at the time used £250k of his own money to buy shares, the loan was over 10 quarters, so how can we be a 2p share today, well we are and if you can’t see a bargain then so be it, but we are simply massively undervalued on any metric, but not for long my fellow LTHs, we really don’t have long to wait for a massive rerate.

iD78, you haven’t taken in account the we are now making $750 dollars an ounce as we speak, 21k ounces at $750 is circa $16 million income, and we have unsold gold and $5 million in the bank, so I still say 12 months is possible, 15 months at the most.

Schlum I think you are about right, 12 months is very possible, the rate the debt is flying down, and gold rising with each quarter, $16 million reduction per quarter is definitely in our remit, this year is our last call for silly cheap shares, a massive rerate is literally around the corner, Dividend payouts of 40% on 2p shares is not a dream, thanks again to Darren Bowden and the team, 93% recovery and $40 million revenues is all down to them.

I’m always amazed, those who sold this morning, just half a million shares are being mugged, the market makers love to take the ****, we will rise back to 2p today

That exactly how it reads, the debt interest of 7% will take effect from Nov 2022, the time it takes to carry out the complex paper work is taking longer, but the the 7% will stand, and no loss of money will be incurred once it’s sorted, we are down to just $64 million and we will be at 7%, and Gold is higher again, and efficiency is beyond expectation at 93%, don’t listen to doom mongers, it’s another fantastic set of results, with even better to come, and 7% will be applied without penalty, it’s just patience

I loved the Beatles, I loved the Rolling Stones and I love MTL, great results again, $40 million income, and 93% efficiency, happy days and gold is even higher this quarter.

Trading is fine for some, but not many make it pay, investing is an entirely different approach, it’s buying a stake and waiting for growth, AAZ is the perfect example, 4p to 170p in a few years, yes you could trade it along the way, but it’s hard work and chances are you will get left behind, those who simply watched and evaluated the situation, buying a bigger stake if the going got better, they made huge profits, and hence why it’s time to do the same here, buy your stake if you haven’t, increase your stake if you have, or simply watch and wait if you have your stake and are happy with it, because we are in the growth phase and every quarter will now bring reward, just let it ratchet higher and wait, 18 months from now you will multi bag what ever you have bought in the last few years, it’s that simple, LTH opinion

Those trying to trade MTL will get left behind, the cogs are all aligned and our share price is still no where near our actual company value, if you have your holding you just need to watch and wait, selling in and out will leave you out of pocket, as some LTHs will have found themselves in that position already… no names mentioned !<) patience is key, the recent rise is just the beginning.

Well I was part of the AAZ rise and I remember seeing it at 4p and was recommended it but it looked like it was going bust, so avoided buying, when it hit to 30p I felt I had missed out, but at that point they were just a quarter period away from a debt free mine, liked what I saw and bought in, sure enough it rose to 75p rapidly when they announced the debt free position, with only about 4 years of gold left at that point, I took the profit and put it into MTL, but if I had held fast it rose to 170 that year, and has paid dividends ever since, they hang around the 120p mark now, keep extending the mine life and look like a solid company to hold.
MTL is on the same journey, it’s got massive growth in both share price terms and gold mine life, multi bagger and an income stream for decades to come.

Well I know I’m looking forward to Q1 at $650 profit an ounce, but Q2 is looking even juicier at $750 plus so far, we are just like a snow ball rolling gown a hillside, gaining size as we go along, profits increase, payments increase, debts shrink, interest shrinks and momentum gains a firm hold

Well with the last day of Q1 being today, I have estimated the average gold price of $1890 for the last 3 months, about $150 higher than 2022Q4 that produced our record breaking company results, bodes very well for the Q1 numbers, plus we had 2000 ounces of gold unsold from the last quarter, perhaps MTL cashed them in with gold hitting $2k? Excited as usual and looking forward for a set of results that hammer home the turn around, another record breaking set highly likely.

You know the when a company generates circa $60 million profit per year and only values at
$35 million market cap you have a mismatch in values, even the current debt is down to just a 1/4 of the investment made to produce our gold mine, take advantage of the giveaway share price, the numbers will get noticed at some point, and we won’t get this chance again.

It’s baffles me how short sighted some investors are, we are a screaming buy, I can’t for the life of me understand the reasoning for letting go after the last results and gold knocking on $2000, what’s not to like?

Its a shame we haven’t adjusted our market cap to reflect out strong position, but for those who know it’s here and have cash to invest are in an amazing position to benefit, debt free is in the near future for certain, and gold generated incomes in the region of $60 million per year before tax will be shared out to each and every shareholder, say $15 million in dividends or 0.6 to 0.7p a share, that would be a minimum share-price of 6 to 7p, 400% gains from here, with a 40% annual dividend at our current share-price for sticking around, why stick around? Because MTL will be a debt free, cash rich, experienced, proven gold producing company with a Philippine award winning track record, ripe to purchase fresh gold rich Luzon land banks and continue doing what they do now, for decades to come.

We are averaging $650 dollars clear profit an ounce based on last quarters AISC and this quarters average gold price, 20k ounces is $13 million profit, 25k ounces is $16.25 million profit, we are nailed for an outstanding loan value down to something in the mid to upper 60s, debts rocketing down will hit home soon enough, as someone else put it….cash cow

Just like the Beatles, I think we may be rocking it in the 60s this time, a mix of a high gold price, 2k ounce unsold from last year, lower fuel costs prices and our low 7% loan interest rate, can you think of a better place to be today, I can’t, come on MTL

I would love that to be true, but we have a few more quarters before that statement is correct, debt free is certainly on the cards, not an if but when, and when happens, then every share will be worth multiples of these lowly numbers, Q1 books close soon and you can bet your bottom dollar they are going to be a corker, hold tight.

$1950 gold, it’s a **** show, these banks are going to collapse every where, protect yourselves where you can, don’t have all your wealth in savings, many don’t realise this fact, a savings account is you giving the bank an unsecured loan, in return for an interest payment, the money in not held in the bank vault ready to hand it back, it’s invested on leveraged bets, a small loss is amplified by 10, hence why the banks are running out of liquidity, those with big money will run for solid gold, its a great time for those holding gold miners as they will certainly benefit.