Member Info for leehardcastle

Need to adjust my last post, gold not $4400 but $4500 now, that's $1450 higher than 12 months ago, how can that be anything but amazing for all the goldies?

It’s funny how perceptions change, 1 year ago the excitement of La India was still just a theoretical build, the ground ceremony was still a month away and gold was an exciting $3050 an ounce, the build has gone with perfect execution, the equipment sourced cheaply, staff employed and trained, building contractors secured and today we have our build over 50% complete, gold has increased another $1400 and the 1st gold pour is only 7 to 8 months away, and somehow the sentiment is in the dumps.

If gold had risen $100 a month for the last 12 months we would be shouting from the roof tops about the margins, how they have exploded and yet gold would still be lower than today’s $4400.

How strange perceptions can be changed with time, it’s a distorted view created by fear, MTL is set up perfectly and the margins remain huge, the gold is still in the ground and the build is still on time.

Did you close your short BB88? Could be a blue Monday after all 🤭

I’m taking up knitting Major, we fully agree today, it’s good to ignore the mess and keep busy enjoying the spring and summer, the madness will pass and gold is the correct investment, if this war lasts the run to safety will overcome the current liquidity crises, every other war has seen this effect before, doing nothing will be the correct outcome IMHO

Smear Reform all they like, I can’t see any other party making government next time, Tory’s are finished and Labour have been a disaster, where else can you vote?

Oh no, politics, stop me.

This whole thread is hilarious, it such a desperate attempt to help his short position, which is like peeing against the wind, MTLs next few months are transformational in many ways, and the only head wind is this war, but it’s a short term effect, if the war ends soon, gold will bounce higher, if this war grinds on then gold will grind higher, either way it’s going higher.

Candys meeting changed nothing to what happens on the ground or slows the build of La India, and who he supports politically, his religion, his sexuality, doesn’t enter the business in anyway, I don’t see it.

The drop in share price so far is in align with all miners big or small, shorting MTL will have been no more successful than shorting any other miner, if your investing this is a bump in the road and hasn’t changed the fortunes for MTL, in fact it’s just cemented what I believed, the $39 trillion US debt is out of control and the printing machine is going to be on full tilt, it took just 100 days to add the last $trillion, 80 to 90 days to add the next to $40 trillion? Financially something is going to collapse at some point, and the run to precious metals will shine.

Wow what a lot of nonsense posted today, bored the life out of me, interesting trades shown up, lots of buying and selling in big qualities.

I’m hoping Darren is looking in the Philippines for his next acquisition, but with speed in mind it’s more likely to be in Nicaragua, because of the countries willingness to allow projects and the recent meeting there.

Anyone think it may be possible to run 2 processing plants at La India, we have the equipment, we have the resources assuming Darren’s 5 million ounce predictions are correct, we have a willing government to allow mining, imagine how quick it would be to double throughput and still have 12 years plus LOM

Thoughts anyone?

Gold 12 months ago was $3300 and MTL had 20 months to production from La India

Gold is up $1400 even with all the war fears and we’re only 8 months to production and yet it’s all doom and gloom, but the reality is it’s business as usual for MTL with gold profits this month the highest on record, it’s all noise in the background, enjoy the summer and let the market do its thing, nothing is holding MTL back, just investors screwed perceptions.

The news will flow and the next acquisition is in hand as we speak.

USA debt over $39 trillion and rising faster than ever, this war is costing them a fortune, both physically and with the 10 year treasury rising again at nearly 4.3%, 30 year at 4.9% and they have $9 trillion to renew this year, oh dear, money printer is going to be on full speed, and that’s good for gold.

The selling makes no sense but it’s all part of consolidating the shares into holders with longer term views, those wanting out at these low levels are all part of finding a solid investor base for the next leg up, it’s top up time again, I have said that a few times already, but the value on offer cannot be argued.

I understand the views of those wanting more assurance, it’s natural, I’m afraid that’s not our CEOs practice, the operation of Runruno and the building of La India and the possible purchase of another asset is a lot for anyone, remember the main holders have longer timetables than most here and the day to day share price won’t enter his mind.

The value for MTL is producing what’s left in Runruno efficiently, getting La India producing and purchasing the next asset to find use for both the staff and equipment after Runruno drys up early 2027.

This is my pension pot, so I don’t mind what happens to the share price as I haven’t any interest in selling, I only add at times like this, many will add in April when the tax benefits are renewed, so expect a decent rise in April with that and Q1 results.

At any point in time, we can expect an RNS on La India reserves and maybe our next asset, good opportunity if you have some spare cash, $5k gold is doing us wonders and has opened doors not possible last year, I expect that door to open soon IMHO

Major, your on another planet, I’m beyond trying with you.

We are generating far more than required to finish La India, we had $42 million banked 1st Jan 2026, this quarter Q1 is nailed on $45 million FCF and we only required $90 million to finish the build.

We have enough cash generation to take on another project, we own the equipment and we have trained staff, it’s logical that his next step.

Imagine 2 mines in 2028 flowing, we know La India is heading for $600 minion FCF at that point on current gold pricing, 2 mines in operation will be over the $billion mark.

Darren’s silence has me fully believing the new deal is already in discussion, it’s time for him to shine with results, not speculation, Dupax may have taught him to say less this time.

Have a great weekend, it’s all noise, don’t let it effect your health and happiness.

$42 (not £42)

You fool, the dollar has gone up, are you kidding? You still can’t tell me why I need over 5000 dollars to buy one ounce of gold, £42 bought the same ounce in 1971, that’s well in my life time, I’m only 58.

You can’t because you just don’t understand money, you think those notes in your pocket are money, they are paper broken promises worth less each year that passes.

Cash in your MTL and put them paper notes in an ISA, like all the other unaware sheep while the wolves steel your wealth bit by bit.

Gold is money, it holds value, not day by day but over time, it’s that simple.

Surrey, it’s what Darren has wanted, 2 jurisdictions and 2 mines in operation, it will be well received I’m sure.

We still have that persistent seller in operation, it’s like clockwork, and it’s mainly why we fall back after every small rise, it matters not for those looking to expand and those looking longer term, it’s just noise between now and real money generation, you know it’s coming with 1 or 2 mines, the share price will do what it wants in between.

The closing of oil production is going to happen when you see Drones landing on your Gulf oil plants, so the effect is clear for now, but how long can Iran hold out, every missile fired is one less they have, they can’t make more during this period, as Trump is blowing away everything involved in their weapons from manufacture to missile launch sites, Iran will be using suicide boats as last resort to keep the straights closed, not hard to stop with an American navy to secure that stretch, Indint seen it lasting, Trump said 4 weeks from the start, let’s see.

I haven’t a subscription for the Economist Sakura, the pressure for Trump to see oil prices drop soon is high as he’s effecting his own voters in the USA, and it’s why I believe he will obliterate Iran, I have no belief in his care for the civilians well being, they are just collateral damage in his eyes, how heavy handed he gets before Iran have to give in is my only question, he has a right to be confident, they have unlimited weapons by comparison.

As for news before Q4:

New aquisition announcement in H1

La India Reserves expansion results.

La India build updates

Abra Tenament drilling commencement.

Q1, Q2 and Q3 results with Q1 incomes set to be our biggest for starters.

The negativity is maybe one of the issues for the lack of new private investors, its not the fundamentals, they are a roaring buy IMHO

Major…gold can’t shelter us from Trump, yet we have gold up $770 this year already, it’s working perfectly thank you, get your facts correct before spouting complete and utter tosh as fact.

Sakura….we are not about to run out of oil, the price rise is the effect of worry, the world has reserves of oil and the remaining producers can turn the tap up.

My view on Trumps attack on Iran is he has to increase the attack strength with each day until Iran has no choice to back down, the US can get as heavy handed as it likes, and Iran has a finite amount of weapons, how long can they use them? Weeks would be my guess.

Jammin…you will be accused any minute of being a Gold bug, a believer in a bubble, one that’s to pop at any minute, of course in the real world your bang on, this is why you hold gold and gold investments, the antidote to all the chaos.