Member Info for leehardcastle

Banks are at it again, weak and over exposed to bad investments, this is where gold is going to be a run for cover, my advice, spread your savings between accounts and keep them well under £85k per account, buy physical gold, or buy gold stocks, that includes MTL, MTL 23Q1 nailed on to be another stunner at these prices.

$1900 dollar gold is back

The buying was more likely down to the US bank SVB that went bust, expect gold prices to rise more next week, as investors with large deposits in these weaker banks run for safety, bad news for banks, good news for gold and gold stocks, the rise in the gold price will only help MTL Q1 numbers benefit from a late financial boost.

ID78, I think your maths is a little optimistic, I think this will be closer, 23k ounce produced with 2k ounce in reserve from the last quarter, selling 25k ounce at average $1840 dollar per ounce, $46 million income (new record income) debt shrinks to around $65 million at just 7%, falling quicker than anyone could have believed 2 years ago, my maths is from a very happy LTH with zero no bull****.

Not normally your style Roy to make negative gut predictions, if it’s to shake out a few shareholders in doubt, it’s unfair, us LTH all know we are in the strongest financial position we have ever been, and yet the share-price has yet to reflect the amazing position we find our selves in, 3p today would be cheap, so every share bought recently is all ready a steal, it’s fine picking up cheap shares but it’s usually at someone’s expense, who will look in a few months and really regret that decision, we have no reason to sell at this point, and scaremongering is naughty.

Gold has averaged $1850 for the first 9 1/2 weeks of Q1 which happens to be $135 dollars more than our record breaking results last quarter, where we made $18 million clear, so Q1 are set to be even better, don’t forget the 2k ounces unsold last quarter, that’s another $3.6 million to add this quarter should they wish, oh and the cherry is our new loan rate that more than halved. Do the maths.

Took some more too, thanks Roy ;-) can’t refuse a gift

Nice to see a stable share price, any selling gets snapped up instantly, can’t believe we are already into the last few weeks of Q1, time bloody flys.

I’ve watched from the sidelines on this company and like what I see, although the latest results where a little disappointing, not bad but leaving the next half of the year to play catch up, so I can see why the current share price has suffered, the momentum downwards can be hard to stop in the short term, as private investors hit stop losses, selling out, but medium term I see a solid company and definitely will take a position at some point, must say 12p is a possibility and would be amazing for me, but you never know when the tide turns around and 16p could just as easily be seen before 12p, that’s the share business.

Its $81 million not £80 million, and we have around $4 million unsold gold, with $1 million in the bank, so technically we only have $76 million as from 31st Dec 2022 to clear, its becoming clear we are able to pay down the debt, so it’s also clear to me it’s worth the wait, as 18 months is a breeze, AAZ had a similar path, the month before they announced a debt free position they were around 32 to 35p a share, I bought in at that point, when they announced the debt free position, it shot to 75p, a few quarters of pure profit and it hit 170p
I never understood how it wasn’t bought up when the debt free position was nailed on? in clear view, It took an RNS stating they were debt free to really move the price, go figure, but when 6 months earnings is your companies market cap (MTL) you know the share-price is out of kilter, and that’s just how it is, I genuinely can’t fathom how good that last RNS was, and how little response it’s made to the share-price, but I know I have to buy more shares as and when I can, because they are been given away still, happy to wait for the inevitable rise, and the dividend, and the acquisitions etc etc.

Debt free by Q2 2024 is highly possible after those recent numbers, leaving at least 4 to 5 years unhindered cash generation, we have only just started on phase 3 gold, phase 4 and 5 untouched, and DB has confidence to extend the mine life from additional drilling, what may that generate after the debts are cleared? $200 to $250 million profit to purchase new acquisitions and pay dividends, whilst having a skilled team and mining equipment in hand, MTL have made this mine work whilst hindered by huge loans, imagine starting the next mining venture with all the ingredients required in hand, starting debt free, the company has a very bright future.

2/3 of the MTL shares are owned by the 2 major share holders, they are massively under water with the current share price, the interest paid to them on the loans made to keep MTL alive has been the their only saviour, they have had a rosey period no doubt, but it’s income stream is rapidly slowing, they will be lucky to see another $6 million in interest in the next 18 months, they will need to see a significant rise in the share price and a dividend stream to make the huge investment pay off, they know where we are heading, they know the big pay off is ahead, follow the money, they are billionaires for a reason, why do they still hold 2/3 of the share allocation, why did they try to buy out the whole company? because it’s a blindingly solid investment, currently in tip top shape for the first time.

It’s back again, turbo charging 2023 Q1, $41 million income made in 2022 Q4 at under $1750 gold, and 2000 ounces unsold, what’s this quarter going to look like? wake up people, we are flying, why on earth would you sell now, I simply can’t fathom why? we are primed for take off, the past is the past, the future is here in plain sight, it’s a no brainer, wake up.

The facts from the Q4 update, just look at the size of those improvements.
Metals Exploration PLC - London-based, Philippines-focused gold producer, flagship project is Runruno deposit, a conventional drill and blast open-pit mine located 205 kilometres north of Manila in the mineral-rich province of Nueva Viscaya - Gold revenue in the fourth quarter to December 31 jumps 60% to USD41.1 million, from USD25.7 million a quarter ago. Fourth quarter gold sales are 23,608 ounces at average price of USD1,742 per ounce. Meanwhile, fourth-quarter positive cash flow jumps to USD18.0 million, up from USD4.2 million in the third quarter. Net debt narrows to USD81.1 million as at December 31 from USD92.4 million on September 30. Fourth quarter gold production climbs 62% to 25,474 ounces, from 15,715 in the third quarter. 2022 gold production of 72,527 ounces was at USD1,235 per ounce cost. Expects a 2023 gold production of between 68,000 and 72,000 ounces, at least 0.7% lower than in 2022, at a cost of USD1,250-1,300 cost per ounce, at least 1.2% more expensive than in 2022. Further, company highlights recognition it received from the Philippines' government, noting the importance of health and safety…………………

Darren Bowden has beaten top estimates 2 years on the trot, I have a feeling he prefers to under estimate, better to beat expectation than fall short, 2023 guidance looks like another safe set of predictions, of which I expect we will exceed again, let’s carry on the momentum, with interest on the $81 million loan down to only $4 million total for the next 12 months, profits will swell and the loan pay down will accelerate, a completely different outlook to 3 years back, a masterful recovery from a stellar CEO.

The margins are around $650 an ounce, that’s huge, more likely to increase as well, for two years we have beaten forecast production, all whist hampered by a pandemic, high oil prices, horrible 15% interest rates and a lower efficiency plant digging up lower grade gold, yet with all the head winds we are smashing the loans, we now have higher grade gold at a higher price, lower running costs, higher efficiency plant, improved infrastructure, low 7% interest loan on just $81 million, less than a 1/3 of the total spend on this project, I can see the remaining loan finished with in just 18 months, that Q4 report has shown the true potential of this immaculately run gold mine, hold or buy it’s that simple, multi bag and dividends in plain view

I’ve took another 4 lots of 50000 already, no brainer

That’s $11 million reduction whilst at a lower gold
price and still paying 15% interest, imagine the Q1 results at $1900 gold and just 7% interest, the wind is blowing hard in our sails

The last time we had $81 million debt, gold was $1100 dollars an ounce, we hadn’t produced a nugget of gold and we had a market cap 3 to 4 times higher than today, that’s how undervalued we current sit.

Up 100% and I’m not kidding, I said 3p by Q2, scrap that prediction, we deserve much more than that, it’s transformational, it’s not just good news

I think we’ve done it, no better words :-) it really is a pivotal point in time, it’s that significant, every metric was improved, and again we blew the top off upper guidance, and reduced costs below the lower guidance, I could hardly believe the numbers, excited is an understatement, we are nailed on to be the company we always thought we should be, I’m one completely blown away LTH, happy days to all that have stuck with MTL, we are about to be properly rewarded, I need a cuppa tea ;-)