Member Info for leehardcastle

I think those wanting out at 2p have had days to do so, leaving me confident we will stay above 2p as long as gold keeps at these levels, I have a feeling inflation is becoming a fact and not a prediction, so gold is set to go higher on that basis, Q2 results are on the horizon, and the new NEDS may surprise us with some new ideas, lots of stuff to raise the shareprice, little reason to lower it, other than those lacking patience or those who believe gold is set to drop, I believe gold is set to go higher, so personally I’m super relaxed holding. IMHO

Hi Phil, the bid has been held at 2p whilst a few million sells made over the last couple of days has not moved the price down, my suspicion is the market maker is keeping the bid high enough to attract selling in order to fill a large order at an Ask of say 2.1p, once the market maker has enough shares he can settled the order, I’m guessing it’s a £50k plus order, if I’m right it should show up on the trade list at some point, an order of that size would be interesting, Director buying? would be amazing for offering confidence to the market

Looks like we have a large scale buyer waiting for his order to be filled, market maker is collecting 2p shares, wonder if it could be a Director purchase? Thoughts guys?

Hi Mac, I saw a poster on the ADVNF site who made the point that whilst we are are using the last of the lower grade phase 2 gold, we will more likely to produce around 15k ounces for the the next 2 quarters Q2 and Q3, but as we are due to start using the Phase 3 and 4 gold in the middle of the Q4 period when the ilegal miners are completely cleared from the site, we should see that figure head back head back to the 20k ounces area, same overall result at around 68K ounces for the 2021 year, and obviously 2022 will be a vastly improved year, with phase 3 and 4 gold being higher grades, and efficiency improvements in full swing, I'm hoping they can achieve access to the phase 3 and 4 gold sooner, which will be fantastic news, I'm sure they are working hard to achieve that as that would transform the numbers for the 2021 financial year, although even 68k ounces at these prices will produce our best results to date, its a matter of time before we get some high profile exposure to our prospects.

Welcome back

They aren’t losses when your in profit, it’s just the natural pattern of a rising share, profits ebb and flow and the highs get higher and the lows follow in tandem, 2p will prove to be the new low, and 3p will be along very soon, 2021 is proving to be better than any one could have wished for, the best is yet to come and we all know this, the biggest change of the last month is the lack of available shares, the days of millions up for grabs on the cheap have finally gone, those wanting a big stake will have to work hard to obtain them, as 95% are in LTH hands, long and strong will win the day, inflation is out of control and yet the figures haven’t truly revealed them selves, but they will.

2p will be a base platform, we are ratcheting up bit by bit, so let the dips and highs flow, because MTL are doing everything right, and at these gold levels we are set to have a fantastic year, keep the faith

My stop loss took me out at £870 yesterday, wasn’t expecting that in 1 day, but I’m watching on the sideline for now, may be tempted at £850

MTLs newly employed Non executive Directors have been busy, nice to see a new clearly set out presentation showing what’s been spent to get us to this point, and an idea of what we can achieve, great bedtime reading

https://metalsexploration.com/wp-content/uploads/2021/05/21-05-06-Investor-Presentation-May-2021.pdf#new_tab

accipiter...thank you for your kind words, I’m pleased to see we are coming good, and my faith in MTL has always been based on a common sense approach, it’s been said I have a logical almost binary thought process, it’s held me in good stead all my life, and I know emotion can betray you at times, I’m happy to see others have stuck with the ups and downs and we are about to be rewarded, good luck to old
new investors.

Gold is proving its value, it has always been the ultimate hedge, the young thought it was old fashioned and Bitcoin etc were the future, well think again, 1 Bitcoin is £16000 off it’s high last month, that’s a lot to lose for those suckered in at the top, the bubble is popping, and those with cash to spare will be looking for a new investment idea, undervalued gold stocks, MTL is a screaming example, the anchor is off and fair value is still a long way off, but it’s a start.

Gold $1860, inflation is becoming a reality and the Bitcoin bubble is bursting, undervalued gold mines will be highly sought after.

It was sent lower purely due to a institutional investor clearing out all its AIM stocks, it was relentless selling into any rise, but it’s cleared and we are heading back to its fair value, minimum 3p but 5p possible with gold at current values

1.94p paid

Another large buy order is in again, someone’s collecting heavily whilst they are cheap

1.958p to buy being quoted through IG, we’re on the rise again

The institutional Investor in mention was Ruffer, and they made a decision to pull out of all AIM listed stocks as a investment strategy, and has nothing to do with a lack of confidence in MTL.

Debt is not really an explanation for being under 2p, it’s more to do with an institutional seller that has hammered the price down regardless of how well MTL has performed, It’s been relentless for well over a year, but it’s looking like it’s finally cleared, and as such the anchor has been lifted.
The debts are currently $117.5 million with $8 million cash at hand, MTL are paying down around $12 million per quarter with $3 million interest added over the same period, so in effect reducing at the rate of $9 million per quarter, estimates at gold levels of $1800 dollar should have the debts completely paid off by Q3 or Q4 2023, quicker if gold gets above $1800 during that period.
In reality with our prospects we should be at least 3p today and rising by 1p a quarter as the debt reduces, with the end goal of 15p a share once debt free and paying a 6% annual dividend.
MTL has been a disaster up until we got a new CEO Darren Bowden who has without doubt turned this company around, even with the effects of Covid he has completely transformed the business, better gold recoveries, better finance, fully serviced the mine, new heavy plant, improved infrastrure, etc etc, plus Gold has risen to levels that maximise these improvements, the loans are safe and we cannot default, as agreed with the financiers who happen to be the major shareholders (billionaires Candy and Edwards) who own 65% of the MTL share holdings.
If you believe gold is staying at these levels or going higher over the next few years, then this is a screaming buy and a great way to leverage your gold investment, 1000% returns possible and a healthy dividend, 6 to 7 years life of mine remaining and we are only using 15% of of our fully owned land bank.
Hope that helps your investment decision.

AAZ has been my inspiration throughout holding MTL for the last few years, they proved it can be done, from the verge of going under, gaining a life line support loan and paying down the debt, all with a lower gold price and smaller turnover, $53 million debt when gold was under $1200 dollars was huge, share price has 40 folded since and paying a 5% dividend, who got the most? the guys that held tight, that’s my plan, buy and hold, with gold over $1800 MTL is nailed on to achieve the same path.