Member Info for leehardcastle

We will see new highs next year as the higher grade gold starts to show the real income potential of our mine, plus the ever reducing debt with a huge drop in interest to come during 2022, complete no brainier at these levels.

Totally agree 100%, MTL will rerate over the next few quarters, inflation is here to stay throughout 2022

2021 has seen a solid $1800 dollar average for the year, funny how gold stocks have had such a poor year considering the spare cash they are all generating at these excellent levels, the year ahead is ready to see a come back in all these stocks, price to earnings are amazing throughout the majority of the sector and are due a correction IMHO
It’s been a pleasure on this board and I’m excited for the next year with MTL. Merry Christmas everyone

Hi Probo, I’m pleased to hear you have been successful with the crypto scene, you were an early adopter by the sounds of it, enjoy your new chapter (retirement) keep busy and don’t risk what you have made, play with 20% of your winnings and you can’t lose your shirt, that’s always been my strategy, merry Christmas all

Similar holding to carefree, happy days, well you must have some great dividend paying stocks to get £20k, well done, long term holders get the cream in the end

I’m sure the profits have been huge for many with crypto investments, but 15000 plus Crypto ideas shows it’s a jump on the bandwagon investment, it’s going to go up so everyone jumps aboard, exactly what happened in the dot com bubble, I remember seeing 2p shares hit over £1 in a matter of months, new business ideas promising punters that the idea will change the world, 1 in 100 came good, the rest went bust and the 2p to £1 to 0p was everywhere, and yet hype and the lack of investing experience saw the vast majority lose their money, waiting for the bounce to new highs, Bitcoin and a handful of others may find long term financial useage in the world, but they have already made the gains, the upside is small, the early adopters who have made the huge gains are getting out, the late adopters will wonder what happened when the prices fall back to sense, stocks are safer, they go up and down but they are based on earnings, if a company loses money so do you, if it makes money then it has value, and a dividend is the reward, long term that’s the value.
I also remember the same argument when I was buying dot coms, I was laughing at the returns made by safe stocks, energy, water, telecoms as I was doubling my money every few weeks, old fashioned 6% dividends was for fools, but the fools at work were telling me that my dot com investments had no value, no fundamentals, and I wasn’t bothered because I was making huge gains, and the hype kept me on board, even as the gains disappeared as quick as they came, until the pain got so bad you end up selling out at a loss and look in disbelief, that’s what’s going to happen to 14950 of the crypto’s, I have no doubt what so ever, that’s from experience, something the young can’t have because of the limited time on the planet , and the risk acceptance set to full speed ahead, because the young brain hasn’t fully developed, perfect candidates for crypto bubbles, no offence meant, just my opinions, but I reckon the majority of the crypto buying is from the under 30s, looking for a fast path to riches, for 90% it will be the opposite, the 10% who make fortunes got out on the top of the hype, smart move, wolves, the sheep will be slaughtered.

My take on Crypto is it’s a super high risk play, the boat has sailed, the gains remaining are small, the losses are infinite, it has no value, and is more a form of gambling, it’s been played with spare cash by private punters, that spare cash is drying up and the smart are already selling.
Stocks are buying a piece of a company, if it does well, so do you, if it does bad, so do you, but you only buy stocks with inherent value, as in they produce money, gold mining stocks at the moment are valued low when the actual money earning ability are actually very high, so regardless of the value of the share price, a dividend paying company is earning you money, so long term, stocks work out to be very good plays, a company that’s not earning a dividend yet, but has a super low value until it does can be a double win situation, as in the stock price will be multiples when it starts paying the dividend, and the dividend will be a large percentage of your initial early purchases, patience is required, but the pay off is huge. IMHO of course.

£40k not £40, that got you a hooker for the night :-)

There is a similar relationship with all these crypto plays that was more or less the same as the dot com boom, every stock with a dot com idea rose to the stars, but only a handful of them actually survived and rebounded from the dot com crash, like Amazon, Apple, Google etc but even the heroes fell to fractions of their highs before rising again, I think the large player crypto plays are the Amazon equivalent, the endless new crypto’s will disappear.
I’m fairly certain the best gains have already passed, with ever shrinking rallies to 20k. who knows, just my feelings, as I’m old enough to have lost out on the huge rises in the 2000 dot com boom, made a lot and lost more, luckily it drove me into property when you could buy a house for £40 in Yorkshire, we know how well they have done.

Hi carefree, It had me spooked a little when it hit the news a couple of days ago, but it was forecast to be the middle to southern end of the Philippines, maybe the upcoming Fed decision has the investor spooked as well, I did thank him though, I took 240k of shares off him.
Roy, good to see your still here and have your wisdom intact, keep safe this Christmas

I really can’t understand why you would sell a single share at them levels, absolute desperation is my only reckoning, the next few months are the best to come for MTL to date, a high inflation back ground, Covid 2 and all at a time when the company is about to get into third gear, absolutely no reasons for the share price decline, other than an overall gold stock disinterest, of which history has shown many times before is the precursor to a huge rally, many believe gold to be the best play for 2022, and Bitcoin to fall to £20k and doesn’t recover for years, a rally combined with further reduction in debt will ignite interest for this solid gold miner who’s low valuation is now absolutely comical with where we are in our journey, not for long IMHO

Speedymeadies advice from the GGP chat room:
For purchases over £100k i use Matterhorn Asset Management. They are based in Switzerland and their storage facility is second to none. Buying gold Btitannias and storing with them is easy, safe,outside the banking industry and completely tax free. For smaller purchases Atkinsons provide a very good service and they will arrange storage with insurance via Lumis. Silver Britannias also are CGT free and offer a greater upside but premiums are high and are a long term hold. Buying silver Brits via The Pure Gold Co and storing them in a bonded store avoids VAT unless you take delivery. Holding a few Gold Sovereigns at home is acceptable but all other purchases should be stored at place of purchase. Avoid all bullion bars and coinage from other countries or risk giving a part to HMRC.

Thanks probo

Testing $1800 again, just 2 weeks of the selling to finalise the years numbers, $1800 average possible, let’s hope we have finally gotten access to the phase 3 and 4 gold, we missed the typhoon being in the north of Philippines, close call.

That’s great Probo, will take a look at his posts

Anyone holding physical gold? I would like to buy 1 ounce Sovereigns 999.9 percent, currently 5% above the paper price, but they are VAT free and tax free if they rise in value, any one have any advice? love to hear from anyone with experience
Took another 200k of MTL today, really can’t believe we have a seller, but I thank him, much appreciated

Up up and away and the Fed have given up with the transitory line, wages will be expected to increase, increasing inflation yet further, and yet the governments can’t increase the baseline interest rates more than fractions of a percent as a token gesture as the debt pile is so big, they can’t afford the interest costs, how do they stop the cycle? they can’t, interesting times

News on Q4 will be in the around the middle of January, it takes MTL a couple of weeks to compile and release the results, news like best ever year despite a Covid Pandemic-environment will make the headlines.

Inflation numbers are rising and accelerating, the Fed has dropped its “Transitory” bull**** and is accepting inflation will run higher, paper gold prices are manipulated to stay level as a rising gold price would cause real panic in the markets, as it would be the signal that the world has lost financial control, which it has, inflation levels we are seeing now should have gold at new highs, the inflation levels worldwide are making us all poorer, the old fashioned bank your wealth and live off the interest no longer works, your wealth would halve in 10 years doing that, real inflation levels in the U.K. are more like 8% if they were based on real inflationary living costs, yet I can’t get much more than 1% for my savings, that’s a major problem, gold has always followed inflation in a long term play, and $1750 dollar gold is in my opinion the new low, with vast upside movements possible when the gold price manipulation becomes impossible as the world sees through the lies.
Let’s not forget that $1750 gold is more than enough to see MTL debt free in the next 10 quarters, $2000 gold in 8 quarters, etc etc.
Debt free will 10 bag the current share price and dividend payments that can run on for decades is the cherry on the cake, keep collecting shares in MTL and save your wealth is my advice to all, the wind is in our sails.

We currently have a few selling at the moment, can’t see why unless your in serious need of cash, for me, I am expecting one hell of a Q4 update, to include major changes, many we have waited for all year, buying at 1.375p is completely nuts, gold has averaged $1800 again and inflation is rising, debts set to fall back to the $100 million mark, and company best results more or less nailed on, what’s not to like? please let me know, comments welcome

Good post, the Fed have lied and lied and now they can’t change their tune in fear of causing panic, but the fact remains that inflation WILL run riot, and everyone’s wealth is getting eroded, you need a hedge investment to combat the ever increasing asset costs, I think holding both physical gold and shares in gold producing companies fulfils that criteria.
Gold prices are being held down by the lies, but the truth can’t be hidden for ever, gold will fly when the truth hits home, 2022 is going to be MTLs gear change, as 2021 hasn’t yet been appreciated, even though the financial numbers and production have been better than forecasted, MTLs best ever, when it’s in print in January we should see a material shift in demand for MTL shares.