Member Info for leehardcastle

Downbutnotout…the last time Polymetals dipped under 800p a share in April 2019 the gold price had dipped to $1280 an ounce and that’s tight for a gold producer to make headway, profiting about $350 dollars an ounce, but $1800 dollar gold is a completely different story, we are generating around $650 to $700 dollar an ounce this year even with all the headwinds, so on that simple basis we are silly cheap at 1050p and the recent drop is extremely temporary, 9% dividend is amazing and the company has it covered for 2022, time to be buying is now, this dip in the gold price under $1800 is white noise, gold is heading up this year, have no doubt.

I took £4k at under 1042 and will continue should the retreat continue, got a feeling they are cheap, 9% dividend safe, he’ll where else can I get 9%? Cheap on all metrics

Can't see that, but I'm watching closely, was an investor here 5 years ago, made 100% and got out at 9p, so always kept an eye on the company, I hope the deal goes through for those who have held for so long, its a binary bet at 4p though, so i will wait before jumping in.

I feel they may take the offer as its taken so many years to get one on the table, and the offer is low ball because of that fact, whats in the groung is many years and massive expense to out of the ground, but 7p is better than 2p stagnation.

A bid is not a deal, it may or may not go through, its risky at 4p, well done to those at 2p

The Q4 results were excellent, above forecast predictions, and selling was not because they were bad, the sellers haven’t patience, or are trying to trade the stock, those new to investing in MTL need to understand that MTL cleared $7.3 million off the debt after all costs and interest, on a lower priced golds value than current, the Senior loan has about $23 million to clear, and that’s possible by 2022 Q2, 100% a definite by 2022 Q3, we generate at least $10 million clear per quarter, and have forecasted similar results for 2022, but this is the main point, we have had a long period of high interest and it’s set to end in a few quarters, once we pay off the last of the Senior loan outstanding ($23 million) then the Mezzanine loan that’s accumulated interest at 15% and hasn’t had a cent reduce to date, becomes the new Senior loan and drops to 7%, and that’s where we can really hammer down that loan as our interest payment shrink by about 60% from todays numbers, efficiency improved to 89% in these latest results, not a mention on these boards, how good is that? and MTL long term investors have seen these continued improvements with every quarter for the last 2 years, and why some hold as much as 25 million shares, many with 5 million plus, because the hard work will pay dividends (literally) in the next 2 to 3 years, so buying in at the low levels we’ve had had for a while is investing for a huge gain down the road, and those looking for instant gratification should look elsewhere, as a mining stock takes time, some have been here from the start, and the rewards are only a small amount of time away by comparison, if you can’t wait, sell up, they get soaked up every time by the long term holders, most who have massively increased their holdings over the last 2 years, me included, MTLs value per share will 7 fold from here in 2 to 3 years, AAZ is another Gold Producer that had the same journey, and it’s value was as low as 4p, go look at the charts, I bet many let them go when the were a few pence, only to look a few year later later with disbelief, those without patience. GLA (a happy long termer viewpoint)

This might help, posted on ADVFN:
$39.7m PAID OFF THE SENIOR DEBT so leaving about $23m left to pay before the interest rate on the mezzanine debt is more than halved to 7%. This should be completed within the next two quarters showing that the $66.6m debt plus interest will have been paid off in 7 quarters. This will leave about $84m of mezzanine debt which will finally be starting to get paid off. Should take about another 7 quarters before being finally debt free. Guidance for 2021 production was 64,000 to 69,000 oz which was exceeded. Guidance for 2022 production has increased from 2021 guidance to 67,000 to 71,000 oz. Production is expected to peak at 80,000 oz during 2024 as per the brokers note and expect an average annual production of 74,000 oz through to 2026. Outstanding debt should be south of $65m on January 1st 2023 and debt free by 1st January 2024.

Wow, what a year, $39 million paid down, under $99 million remains, stage 3 must be accessible, no statement saying not, access advancing, Q4 was as good as I was hoping for, well done MTL

Looks like the penny is finally dropping, inflation is out of control and here to stay….$1840 gold

Highest level in 30 years

We will see 3p in 2022, but as Carefree indicates, the big gains are from dividends and the share price that supports the dividends, a 10p share price supports a 0.5p dividend, that’s a relatively low ball stab when we clear the debt, and the debts falling quicker than many believed possible, the gold price is only set to go higher and the interest amounts to shrink, and what do you have to do? Simply hold your shares, they are a gift at these prices, that’s a fact.

I’ve said this a few times before, but when we first financed via a Bank loan at the point where the mine was ready to start processing its first gold we had loaned $83 million over 2.5 years at 8% and we had a market cap of over £100m, gold was around $1200 an ounce and we hadn’t made a dime in gold, the Director at that time purchased £250k worth of shares, how can our current market cap of £30 million be right? When we produce $40 million profit per annum, and set to go higher, it’s a waiting game but the numbers don’t lie, I’m completely bemused how investors can’t wait when the possible gains are so large, a rerate to sensible value will take place at some point, just wait.

That was a strange offloading this morning, think they might regret that in a few days, no news is not a reason to give your shares away, MTL are at a turning point this year, I have absolutely no doubt on that, we really shouldn’t be this cheap, it’s time for a re-rate, I see 3p on the horizon, 6 months maximum.

Your a MTL millionaire sham :-)

Darren Bowden seemed very confident on improving production at the Q3 update, so we may get another surprise, 19k ounces would be very welcome, access to the phase 3 and 4 gold is the must have achievement, 85% efficiency….the icing on the cake, not to long to wait, tick those 3 boxes and re-rate must be on the cards, plus gold is looking to be gaining traction, the penny stock days will end at some point, but I’m here for the dividends along with most so it’s been helpful building up a larger collection of shares in my holding, so no complaints

Darren Bowden may have under estimated 2021 gold recovery numbers on purpose, it’s better to exceed than to fall short, and exceed them we will, even a 15.25k ounces Q4 will achieve a 70k ounce year, and investors will see continued improvement as a heathy signal, so he may underestimate 2022 numbers in order to lower the chances of future disappointment, bluntly saying we can’t achieve 100k ounces was easy to say, but 80k ounces in my opinion is a low ball maximum, just based on this years performance, but I wouldn’t be surprised to see Darren Bowden state that number based on his low ball numbers quoted for 2021, but 80k ounces would be seriously profitable for MTL especially if we stay at these Gold prices for the year, lower interest costs and running costs will have just as big effect as higher production, and they are certain to be an additionally positive effect in 2022, I think we can all agree the future is looking brighter than ever, the wind is in our sails.

If we can produce nearly 20k ounces during Q3 2021 and we are in lower grade gold then it stands to reason we can produce more in higher grade gold, so over 20k ounces is achievable, 22.5k quarters will produce 90k ounce years and that’s just a 12.5% increase in the gold grade, I think it’s very attainable and past comments don’t always reflect current practices or achievements, time will tell but my glass is always half full

Surely?

Gold looking strong for the last day of 2021, MTL is set to have its strongest results to date, only a couple of weeks to find out, as for 2022 I believe 80k ounces next year will be the low ball prediction, we have hade 20k ounce quarters already, so higher grade gold and our 84% efficiency will deliver the extra goods next year, 90k ounces must be the upper target, surly, Happy New Year to all here.

No brainier at these prices, keep stacking