Member Info for leehardcastle

We need to shake off the penny share price, its becoming more laughable with every quarter, but as I have said, it’s been a blessing collecting cheap shares.

That’s why I’m so dogged with this investment, because it’s certainly going in the right direction, and yet has had no recognition for its turnaround, but I really don’t mind as I have the end goal in sight, and will settle for nothing less, that’s a debt free cash generating machine with the cash to go much further, it’s no harder than waiting and collecting shares along the way, I have always had MTL as a pension pot, multi bagging my investment and having it mature with me, a leveraged way to gain from gold prices that I fully believe is also vastly undervalued in our cash printing world economy, gold will shine again, it’s just a waiting game.

Will test $2000 again soon, Q2 numbers off to a good start

Buys now showing as buys, above mid price again

Gold running higher again, Q2 results anytime this week or next

If the indicated buy price is 1.30p and the indicated sell price is 1.20p then the mid price is 1.25p, so if you buy at under the mid price say 1.24p it’s shown as a sell, if you buy at over the mid price say 1.26p it’s shown as a buy, all the recent buys are shown as sells at the moment.

Think we will have plenty of that in a couple of weeks, Q1 numbers set to be great ones with the gold average above $1900 an ounce

Wise words Roy, long and strong will win the day here

Nothing wrong with the company CV, just frustrating to see our shareprice so undervalued, but then every cloud has a silver lining, you can buy the shares at a huge discount to value, the company is running like a swiss watch, we get good production estimates, that we beat last year, debts fell quicker than most expected last year, and they will fall quicker this year, gold of £1900 to $2000 will definetly help on that score, I could ask for more media exposure from the company, but I think the prospects here are as bright as ever, no one can argue that we havent progressed every year since Darren Bowden and his team took over production, efficiency at 89%, over 70K ounce production, over $30 million off the debt, well serviced fleet and secure finance, of which becomes extremely reasonable later this year at 7%, extending the current LOM as we speak, so holding for the future will add value to every share you hold, dont give them away with a lack of patience.

I’m not so sure you will find a cheaper time Roy, the seller may have finished offloading, the last large sell wasn't a round number, I can’t imagine anyone selling out at these levels, not with Q1 around the corner, I hope you get the chance but I’m feeling we are currently in the dip, especially as we really shouldn’t be this low, good luck however.

Well I cant resist anothere 200k, our market cap is an unbelievable £26million, about 9 months clear profits at current gold prices, Gold is super happy above $1900 and inflation is running ever higher, gold miners will have their day, its just a matter of time, the current seller will be running low now, many a million have been passed on, the tide will turn this year, have no doubt, 2022 is going to our best year ever, MTL are a very stable solid company, not sexy maybe, but solid, well run and knocking down barriers one by one, next barrier is the interest rate reduction from 15% to 7%, just around the corner, Q1 results in a few weeks, expecting higher incomes this year, as interest ammounts keep falling, happy to keep adding every month. GLA

Europe $63.75 up 1.59% today, reality kicking that the war has no end in sight, Russia will just be happy to bomb Ukraine from afar, that’s always been their method in the past, criminal but that’s the case.

I have a friend who purchased £110k worth, because he trusts me, I trust myself but I haven’t got £110k, your friends have got in cheap Roy, they be thanking you In a year or two, I have no doubt, good to see your well at 75, I wish a few more long term holders were a little more vocal, you would think we had nothing to be excited about this year, far from it.

Hi Roy, I took anther 100k just now, like you say Gold miners are out of sync with true value, they are making fantastic headway and are as cheap as they have ever been, how long can they stay so undervalued? gold price is taking a breather, but it will rise to new highs this year as Inflation is set to rocket even higher, the war is just one element, although my take is it will run longer than it should, Putin wants control of Ukraine and I can’t see him accepting anything less IMHO
Q1 results will be brilliant for us, we have had a fantastic gold average this period, keep the faith guys and girls, MTL have a game changing year ahead, relax, buy the dips and wait, good times ahead.

Inflation is nailed on to go crazy, I’m hoping to be wrong for the sake of the lives of those in Ukraine, but I really can’t see an end to this war any time soon, talks will be just that, talk, Putin wants to control Ukraine, to keep NATO at a distance, and he will make demands that can’t be met, to carry on with his plans, to own Ukraine.

https://www.bloomberg.com/news/articles/2022-03-13/gold-dealers-swamped-by-demand-as-war-creates-inflation-scare
The paper price is manipulated down, but when demand is this high, you can’t dampen the paper price forever, Gold is ready for a breakout, it’s a coiled spring, it will have its time this year, new highs to be seen, you can’t change the laws of supply and demand, high demand equals high price, and demand is off the chart.

The trading of this stock between 9p and 12p may have been a way of averaging down those sat on losses from the fall from 48p back in 2018, and it works when the company is running in normal environments, it’s small movements in the price of FeV, Market sentiment, great new tech possibilities that makes those few penny swings, but this last few weeks is a completely different ball game, FeV has doubled in price, that’s like winning the lottery for any company that has an asset to sell, BMN are making huge margins, not 20 to 25% in the days you traded your 9 to 12p stock, margins today are over 100% and I wish you well guessing when to buy and sell a cash generating machine that BMN have found them selves today, it’s safer to Buy and Hold and wait for the gains that are rightly due to reflect the position BMN have found themselves in currently, I have loaded up to hold, because I believe FeV will remain elevated long enough for BMN to make massive cash piles, that will put them in a secure position to expand, invest etc etc, 12p is the upper price of $35 Fev, not $60 plus, from my experience, guessing when the next pullback comes will leave you with your pants down as the share price runs away from you, this is my humble opinion, and I have traded for decades, knowing when to hold is the hardest thing ever, but this one for me is as likely to rise as any share can be, unless you believe Russia will not be Sanctioned in a few weeks time, all will be forgiven and we go back to normal, sadly for us all, I just can’t see it, the damage is done, you can’t put the genie back in the bottle, Russia will be made to pay for it however this crazy war turns out for them, and not buying there products will leave those product values elevated for the foreseeable. iMHO

Took 48000 more this morning, FeV will keep on climbing and BMN is making $2 for every $1 it spends at the moment, absolute no brainer IMHO

My maths was incorrect today, we are making $33 dollars per KG today, $36 dollars profit per Kg isn’t until next week ;-)

This is a simple way to look at potential profits, when costs for BMN to produce 1kg is $24 dollars and the price like late 2021 was around $31 dollars per Kg in Europe, then your margin is $7, when you get to todays price of $57 per Kg your margin is $36 dollars, thats circa 500% higher profit margin, our share price averaged 10p late 2021 and we was making 1/5 of the profits today, so you can bet a 13p share value is well behind the true value, I don’t use stop losses as they tend to throw you out when everything is telling me to BUY