Member Info for leehardcastle

I will let you know that I took another 200k of shares today just to show my dedication, we all know how good MTL is and we all know it’s cheap at the moment, will keep collecting, Mac your a star, well done

Wow, Roy used to be the biggest holder I knew, your on another level, patience will reward, I’m confident

Mac, is that 25M a typo, or have you actually hit 25 million shares?

Great to see the numbers, the debts have fallen $14.2 million during a 6 month Covid effected period, with lower grade phase 2 gold, the next 6 months financial numbers will be the last lower grade gold results, still good enough to make a further reduction of the debt, 2022 will be transformational with a vaccinated workforce, flights back to normal, high grade phase 3 and 4 gold, and efficiency improvements in full swing. LTHs can relax, all is well, inflation is not going away as stated by the Fed, it was hopeful thinking on their part, Gold miners have been unloved, for how long? I think they will all swing upwards in the near term, as realisation finally hits home that your wealth is eroding, the gold hedge will be your saviour.

https://www.manilatimes.net/2021/08/06/news/regions/illegal-mining-in-nueva-vizcaya-town-shut-down/1809843/amp

The figures released were exactly as expected and certainly gave no reason to sell, the unexpected drop is an opportunity for those looking to increase their holdings, we are making a fine job of steering through a pandemic, no business is immune from its effects, even Lidl is suffering, a supermarket that has empty shelves, why? No staff, no trucks for delivery etc etc, so MTL have done fantastically over the last 12 months, as long term holders know, the biggest shame is the delay to higher grade gold, but it’s coming and gold prices look solid and set to rise higher, inflation is only going higher, which will offset the lower grade gold, MTLs future remains on track to a debt free dividend company, don’t forget that and be swayed by swinging short term share price movements, keep calm and carry on.

Let’s see what they have achieved when we get the update, I’m hoping fresh staff equals fresh ideas, old plans can be adjusted, higher grade gold in Q3 is better than higher grade gold in Q4, we will know soon enough, 7.30am tomorrow? Fingers crossed

Carefree, my logic is that we should have been in stage 3 and 4 already, if it were not for the illegal miners, so we have been forced to continue digging phase 2 for longer than is optimal, so the phase 3 and 4 gold would be used as soon as the miners are cleared, using the phase 2 pit already created to hack fill into, why would you delay any longer than necessary? Getting back to the most efficient mining plan would make most sense, phase 2 gold is reducing the longer we stay there, I’m hoping the new directors have been earning their crust and creating mining efficiencies, one being speeding up the legal process to rid us of the illegal miners, which would be my priority if it was my business.

That still leaves an average 16k ounces for the next 3 quarters to hit the middle of the projected gold production for 2021, with gold at $1820 that’s over $29 million quarters, plus we held back a good chunk of gold worth 3/4 of a $million from Q1 so $30 million is possible if just a little optimistic, we will know soon enough though.

I’m hoping for an update on those pesky illegal miners, hopefully they have them cleared early, that would be significant to better production for Q3.

Not long before we see inflation at 7% and Transitory statements will become less and less convincing, Gold set to rise on continued inflation as the market realises they need a hedge to their eroding real time wealth, $2000 dollar gold by year end based purely on inflation and weaker than expected recoveries.
Q2 Results Friday my guess, $30 million income, thoughts guys?

I was very confident $1750 was the low point, Q2 numbers should be based on about an $1820 average and Q3 looks to be off to a good start being $1800 plus again, we start using the higher grade gold sites in phases 3 and 4 by the middle of 2021 Q4 where we should really get a picture of the mine’s true cash generation potential, the numbers for 2021 Q2 and Q3 will be more of a cruise as we use up the last of the phase 2 gold, but I still believe we should generate $30million turnover when the numbers are released next week, happy days.

Nicely explained, good post

High not Hi (-:

I just don’t see gold going below $1750, it’s coiled to go higher this year, Hi inflation, Basel 3 implementation, Covid all lead to higher prices, what’s your thinking on it going that low Navigator? Be interested in your thoughts

The biggest change of recently is that we have a share price that is moving by PI buying and selling, there has been no institutional selling that has dragged us down in the past, so 2p has become a comfortable platform that gets bought on any weakness, and available shares are tiny, try buying 2 million now, 2.5p offered by IG, why? Because most shares have now hit long term holder hands, many here have 5 million plus, and hundreds of investors hold a million plus, the company has transformed, that’s apparent, so relax and watch us develop, it’s not weeks that count, it’s months and years, if we have that in mind and treat MTL as an investment, not a get rich tomorrow, then you will find harmony and be happy holding, like the majority here.

And to back up my prediction, I took another 100k shares, put my money where my mouth is.

The recent Fed statement was seen as Hawkish, as they predict to raise interest rates in the next year or two, inflation is currently 5% and the 10 year bond rate is only 1.56%, the last time inflation was 5% in the early 90s the 10 year bond rate was nearly 10%, what’s different this time and why is the bond rate so low? $trillions of new debt that they can’t service if rates get any higher, so the Fed has no bullets in its gun, it can’t use interest rates to dampen inflation, so inflation will run and run, this recent drop in gold is certainly temporary and nothing to worry about, the world economy is battered, and the Fed can only make predictions, it can’t actually mend the problems, and will simply watch this debt problem run away with itself, everyone should hold gold in some form, as gold will prove to be the inflation hedge it always has been. Hold gold in either PM stocks or bars and coins, see it as inflation insurance.

Think we are about to move higher, shares are in short supply, 2p clear out drying up, IMHO

Gold keeps tapping on $1900 and getting manipulated down, but the demand will force it higher, inflation is huge, 5% in the USA is all they own up to, but we know they fudge the numbers, it’s going to go a lot higher, I can’t think of one thing that hasn’t gone up in price significantly, can you?