Member Info for leehardcastle

Both Silver and Gold are on 8 year highs, I think we forget that, being dissapointd about $2000 dollar golds brief appearance not lasting can distort the fact that $1750 dollar gold is still fantastically profitable, and silvers very recent move should support excellent results on Wednesday, bumber dividend IMHO

Just watched that one myself, the debt levels in the USA are absolutely crazy, and the bullish thoughts on gold make total sense, this drop in the gold price is not the start of a trend, it’s a pull back before the inevitable spring forward, a must watch, the interview is extremely enlightening.

Happy Birthday Roy, have a fab day

Wow Mac, that’s over £200k invested here, you are a super long term holder, I imagine you have had some sleepless nights along the road, but times have certainly changed for the better, I see this year putting you back in profit and setting you up beautifully for the real gains ahead, top man.

The 2 lots of 2 million showing as sells on the 17th were actually buys, that was the order the MM was filling when he widened the spread 1.7 sell 1.9 buy, makes sense, follow the money, someone is collecting large stakes, could it be the Major shareholders continuing to buy on the downs, it’s the cheapest way to buy the rest of the company, if it was private investor buying, would be nice to know? any one owning up to a £70k top up?

It’s a huge order, £50k style, I’m always wondering if the major shareholders are still collecting in silence, it would make sense for them to do so.

The selling over the last few days have been soaked up and the buys soaking them up have been hidden for some reason.

There is some seriously buying in the back ground, not being shown as yet, but all the selling is getting soaked up by someone as the bid has been steady around the 1.725p range for days now

When you see this wide spread from time to time, I think it’s because the MM has a large order to fill, it’s designed to pick up straggling/desperate sells cheaply, to slowly fill the order, whilst slow down new buying in order to help fill the large order, I’m not a day trader, so would be interesting to hear others opinions

but lost was meant so say “but got”

I was waiting for a top up at 1.7p Roy, but lost more at an average of 1.75p last week, as I cant believe we are hanging so low, there will be a catalyst that will send us higher, and it will come out of the blue, Director buying is one of them, so its not always wise waiting for the last ounce, when you may miss the action looking on the side lines.

P.s thats 100k ounce gold per annum proven resource, the recent Q4 2020 update with Covid restrictions had them pull out 20k ounce making $37 million in sales, and paid down $15.3 million to reduce the debt, which at that rate will take 10 quarterly payment when you include interest on the $122 million outstanding, with no debts and a dividend a market cap of £200 million would be very fair, that’s 10p, with 85% of the land bank to extend the LOM for decades, MTL are a great leveraged play on gold.

Yes. with Angel Mining, of which I feel is over looked to easily by the young CEO, Greenland is a harsh environment, and the low costs he announces per Gold ounce are completely unrealistic, MTL is a gold miner in the Philippines, and they quoted similar numbers when they were starting the project a decade back, I’m heavily invested with them and in 2020 they have managed to turn a profit for the first time, so are now paying back the loans taken to get the project developed, but they are running at costs nearer $1100 an ounce, which leaves enough gravy to pay down the loans in 2 to 2.5 years at current gold prices, then we can expect a dividend, but it’s taken over a decade to get to making money, and the share price is under 2p from over 40p highs back in the early adopters, hence why I caution AEX investors to be careful ploughing more cash into AEX, this is a very high risk play in gold, and you don’t need to, as an example, MTL are fully funded, no more cash required, market cap just £37 million, secure debts of $122 million with 2021 free cash flow potential of $50 to $60
Million in 2021, $8 million in the bank, 6 years Life of Mine remains at a proven 100k ounce resource, of which is only 15% of the land bank that’s fully owned to go at in the future, does that sound a better bet? too many unknowns will only batter the share price, it’s facts and results that lift share prices, IMHO

That interview left me feeling that the CEO is a little naive, over confident, the interviewer was scoffing a little at the promised timescales and lack of reports, and I feel he has probably good right to scoff, Angle Mining went bust and he thinks they mismanaged the business, saying we have a much better plan, so we won’t suffer the same fate, so if the gold is that abundant, how did Angle Mining get it so wrong? and taking off from where they left the project standing doesn’t offer much confidence, I think this time delay set backs and increased costs is one of many obstacles AEX will have to cross as they finally start the production and processing, this project may seem well funded, but it will be a lot less than required before they turn a profit, new rounds of funding required would incur more dilution than the last as the share price will be lower than the last, early share holders are usually the least profitable in mining start ups, it’s those that get the timing right, when the company is de-risked and making cash that will benefit the most, that’s 24 to 36 months away in my honest opinion, look at AAZ or MTL, both had high share price enthusiasm at the beginning, both lost 95% in the years up to getting their act together, AAZ is now a success, and MTL are looking highly likely to follow suit, but both journeys were painfully for early adopters, just my honest opinion, and I have no agenda, I have no shares in AEX, but I do like mining, and gold especially, GLA

There showing now Gaddes, along with my 100000 top up, it’s unbelievable how we still have the opportunity to buy at these levels, but I’m truly thank full we can, happy days

The man who’s £50k down in 1 day must be needing a stiff drink tonight, if your reading this, I honestly feel your pain.

Not sure odds are 1 in 10000, but the odds are slim, I have been part of many explorers companies over my 20 years of investing, and only 2 have succeeded in terms of producing and making profits, the company valuations on promises astounds me, of which 90% never deliver, a week or two back, Share prophets had AEX as a dead cert double or triple your money from 50p, and I’ve seen dozens of tips like that from them, most are unfounded tips, I would have thought many would have bought in from those buy recommendations, AEX will as hinted in the RNS will have to raise more cash to get this project to fruition, the cash in hand will not be enough, and the longer that takes, the more they burn through on company expenditure, so, what will the dilution be? and what price will the offer be at? and will it be open to PIs? the bounce those talked about today won’t happen, as the market hates uncertainty, and I would be careful averaging down, looking cheap is not a reason for buying here in for me, we’re all here to make money and I wish those already invested good fortunes, but I would urge caution.

This company will need more cash to complete this venture, as a MTL holder, I’ve seen first hand how long it takes to get up and running, the first investors of MTL paid heavily and its those buying now that will have the easy ride, now that the gold mines running and producing cash, I like to watch other Gold explorers but rather invest in ones that have travelled a lot further down the road than AEX, this set back will not be the last, and dilution will inevitably effect early holders, not for me but I hope things level out for those holding. GLA

Two shares I don’t own but have watched from a far, SOLG and AEX, both are literally years behind MTL, they have massive dilution and cash calls ahead of them, AEX tipped by Share Prophets for weeks is down 45% this morning as delays to production and increased costs have hit home, MTL are past all that, we are making the best of the current Gold prices, on target to generating a minimum of $50 million cash this year, paying down stable finance, dilution and cash calls long behind us, MTL will be debt free and paying dividends before AEX or SOLG produce a single profitable quarter. I know where I’m staying, sleeping like a baby.

Bloodninja we are actually doing better, our debts were $129.3 million at the end of 2020, but we made a $7.3 million extra payment a week later, leaving debts at $122 and $8 million cash in the bank, I see this number dropping into the late 90s by 2021 Q2 result, which will be a psychological barrier broken down and a trend or pattern looking much clearer, in the mean time, you have another bargain opportunity to fill your boots.