Member Info for leehardcastle

Well that was a brief drop, back to business for our little gold mine, let’s get to $1800 again, won’t tKe long, the strong dollar was always temporary.

In these times of global warming it’s great to see a company who improves the land rather than destroy for financial gains, bodes well for MTL future acquisitions, as the government will be more than happy to allow new mining.

Not invested here, been watching from the sidelines for a while, I’m afraid this company will burn cash quicker than it finds income, I wish the best for those invested but it’s a long road to profits with this business model, and share dilution will continue IMHO.

2022 gold production expectations as predicted by Darren Bowden and printed in the Q3 results:
“FY2022 is currently expected to be at or slightly below the lower range of the FY2022 guidance, which was 67,000 - 71,000 ounces”
So assuming we hit a total of 66 to 67k ounces for 2022, we have sold around 45.5k ounces so far, this leaves us 20.5 to 21.5k ounces for Q4 to reach his annual guidance numbers, that would be our best quarter ever by a good margin, bodes well for 2023, the fact he predicts to reach the lower annual guidance in the Q3 report suggests to me we really have started to ramp up the numbers since gaining access to phase 3 gold, Q4 headlines will be “best ever quarter production and debt interest rates slashed to 7%.
The good times are coming.

Grades have improved already as a result of the Phase 3 material and DB has stated Q4 will be the best quarter for the year, with the 15% debt gone for good in Q4, all as promised by DB, 20k ounce quarters will be back along side massively reduced interest to 7%, the sun is coming out from behind the cloudy skies, the numbers from Q4 and 2023 onwards will be massively improved, I have been here for 5 to 6 years but I can say with full conviction, we are about to see the mines true potential, it’s been a long wait but it’s clear we are back on track, 1p is utterly stupid, but I really don’t mind, I’ve built up a much bigger holding than I ever imagined, and my patience is set to reward me big time. iMHO

A small fall in the gold price to around $1700 has effected all gold stocks, but we know physical gold is flying out of stores and finding new homes, the paper price is utter none sense and I want to follow the wise, I have been waiting for an opportunity to buy physical but our £ has lost so much value the physical for the U.K. keeps going up, currently 48 - 49k pounds per kilo, MTL is selling its gold in $ and this quarter will see be a reduced average gold value, but I’m betting that the better grades in phase 3 should be offsetting and still show us a solid monitory income, and by Q4 be bringing us back to 20k ounce production levels again, plus the drop from 15% to 7% interest rate kicking into effect on our last remaining loan should stir up investor interest for MTL, so a definite BUY from me

I’ve had a few more as well Jimmy, Q3 results will be released in 2 weeks and I’m looking forward to see how Phase 3 gold being higher grades starts improve our production, get us back to 20k ounces in the near future, the share price doesn’t reflect the position of the company, but that’s been beneficial for us collecting a bigger share total, MTL have got the highest production numbers to look forward to and gold has yet to reflect the world turmoil, I’m pleased to have a big slice of a gold producing company as a longer term hedge to the potential undoing of FIAT money, at 10%!inflation it’s already in full swing

2022 H1 was a tough period with numerous issues in production, costs and illegal miners creating head winds, but 2022 Q3 looks really promising, full Stage 3 access obtained with higher grade gold, BIOX working without contamination, fuel and other costs reducing, Q3 results are looking good, during Q4 the Senior loan will be finally be gone, 15% interest on the outstanding debt will be gone, a very cheap 7% in place off.
MTL are slogging away and the pay off is coming ever closer. Nice report

Debt free in a couple of years spells dividend time, Gold miner AAZ did exactly that, those who bought in at the all time low of 4p and held were getting 150% dividend per annum in the first year of dividend payments, the share price hit £1 plus but that was still 6% for newcomers to the company, they hit a £1.70p high and are around 80p today, those who held tight from the lows were minted, MTL hit a low of 0.4p when we looked to be in dire straights, just like AAZ, they got financed and saved themselves from bankruptcy, MTL got financed and our shareprice hit 3p, now debts have dropped to 2/3 of the refinanced level, gold price is 40% higher and MTL gold production is up 40%, efficiency up 40% and we are sitting at just 0.9p? how, bet those in AAZ thought the same, but patience in AAZ paid dividends, literally, same thing in progress with MTL, I have no doubt.

We kept back $2.7 million worth of gold at current prices from this quarters sales, adding that to Q3 production we can achieve that $8.1 million payment required to trigger the 7% loan rate in just 3 months time, that with imminent phase 3 gold access, drilling new ground, and higher gold prices may put a rocket back up sentiment here, I think the tide is about to turn boys and girls, 9.4% inflation should have gold at new highs already, it’s coming, those looking to protect wealth will see the light soon enough, Gold always shines during inflationary times, double figure inflation will be upon us next month, how long can gold not take the historically proven reaction of going higher? MTL has phase higher grade 3,4 and 5 gold ripe to take advantage of any increase in gold value.

Solid results, 16.5k ounces produced, and a reassuring statement from DB production on track with guidance and a higher H2 performance ahead, the loans are set to become the loan at 7% and gold production set be much higher, that’s just this next half of the year, It’s clear DB has a grip on this company, and his expectations and predictions come to fruition, I predict stronger and stronger results from here, Q3 will be better and Q4 will be the one to transform our future, with a single loan and sensible interest, plus higher grade gold and plus 85% recovery, we have a exciting future, keep long and strong, patience will reward us all.

Well I took another 200k, to say we are undervalued is the understatement of my life time, patience will reward.

Gold will fly, mark my words, and gold stocks will be in demand, it’s just a waiting game, don’t lose your nerve, I’ve seen this happen soooo many times in stocks, gold will be the safe haven as the world economy unravels, history will repeat itself.

Tygra is nothing but a troll, silent until he thinks he can pick at something, when he does he ends up looking an even bigger fool.

The trolls are quiet today, the wheels are coming off the world economy in a way not seen for decades, the future is unbelievably bleak, and the lies will keep coming from the governments, we are all going to be a lot poorer over the next few years, Crypto and most stocks will suffer badly, but gold will shine, it will become a haven and having a gold stock or two, or physical gold will be the play to have, it’s always when things look bleak that you shy away from at the time, only to wish you had taken the opportunity when it was cheap, look at oil when it hit $20 dollars and we were being told it’s a fossil fuel soon to be extinct, now it’s $120 dollars, and gold is being spouted as old hat, a bygone, Crypto is the new gold, your having a laugh, gold is physical store of wealth, has and always will be, protect your wealth and buy gold stocks or gold before it’s too late.

https://youtu.be/iDmTXW74XLY

Watch this video and I promise you this makes total sense, supports everything I have been saying for the last 2 years, PATIENCE

The Candy brothers have the most shares, be interesting to know their vote on the nominal value, can’t see them wanting new shares in the future, I think the Directors can be incentivised in other ways, rather than producing them free shares, cash bonus incentives for higher production, higher share price value etc.

I voted this morning, agreed with all proposals except for the share nominal value change, I think we should leave it at 1p.

I can’t believe I’m sucked into a conversation with you, as you are too daft to understand logic, FACT you have no effect on my investment, the share price can go from 0.1p to 10p as I have nailed my beliefs to a debt free gold mine paying dividends and buying new mines, jog on