Member Info for leehardcastle

The Gold price is important, but we have much more to look forward to than just that, our efficiency was poor, gold recovery was poor, but its improved hugely over the last 18 months, but still has more to come, increasing gold recoveries from our current 80% to 90% will have just as much reward as another $200 an ounce on Golds value, so will reduced CAPEX spending, of which has been extremely high playing catch up on repairs and maintenance, reducing interest rates and amounts as each quarter passes, Higher gold grades as hinted in stages 3 and 4, Director buying would light us up, all these are just as important in my belief, some of what I mention are a dead cert and others a possibility, bright future wouldn’t you agree?

Rahee, I have paid 5p to 0.5p and everything in between, been here over 4 years and can say with 100% honesty that we are in the best shape ever, there are no skeletons in the cupboards, MTL with Darren Bowden and his team have transformed us, I have a feeling we have large holder or two reducing their holdings, possibly because the time scales have dragged longer than perhaps planed, so this retreat is temporary and has nothing to do with the lack of performance, quite the opposite is going on in the background in my opinion, and we can expect Q1 2021 to improve on the amazing Q4 2020, my advice is to hold and top up where possible, sure, we get traded on highs, that’s normal, but the long term holders know the goal is a debt free company, we know it’s far more likely than not, and if Gold has the reaction over the medium term I’m expecting, of a huge bull run as the huge debts and inflation take effect, then we are ready to take the maximum advantage, unlike the heavy priced explorers that promise the world, I’m amazed how some value potential over production? This retreat is temporary, and there is no reason to worry, take advantage is the shrewd tactic.

Absolutely Phil, I openly said soon after the debt restructure that we would make a record quarter, my logic was MTL with COVID and Typhoons would want to shout out to the market that the business had reached a turning point, and that the business was running like a well oiled sewing machine, that weather and mechanical issues were finally taken in their stride, that Darren Bowden new his salt, and they gave us those amazing results, so I can only imagine that the 2021 Q1 will improve on that, with better weather and improving efficiency, 21k ounces of gold sales and $16 million free cash is my prediction, watch this space, 2021 is set to transform our finances.

Just look at the numbers, just based on the COVID effected Q4 2020 period, we generated $13.6 million free cash in just 3 months, with no further improvement were set to make $54 million in 12 months, but improvements are ongoing and efficiency is improving, so $60 million free cash this year is on the cards, it’s not rocket science, our debts are just 2 years production, allowing for interest, 2.5 years in total, debt free and paying a dividend; 10p a share would be just a start, 4 to 5 years LOM remaining and 85% of our land bank untouched and ripe for mining, wake up folks, a stonking opportunity is looking at you.

Took another 2 lots of 100k today, 4.2 million and rising BTW.

Hi Rahee, welcome aboard, MTL are running at production levels that will hammer the loans down quicker than the market realises, the interest rates are currently averaging 11% as the interest rates are split between 15% on one loan and 7% on the other, $119 million total debts as of 31st Dec 2020, we are clearing the current 7% loan first, the 15% loan is unaffected by our current repayments, but, the good news is it will be brought down to a 7% interest rate when we pay back the current 7% loan, that’s why it makes sense to hammer down the current 7% loan ASAP, the interest payments will plummet once that happens, I’m estimating 15 months for this loan to be paid down, and the remaining loan, another 15 months, based on gold hanging around $1800.
Once the loans are cleared we will re-rate to another level, so the patient LTHs are waiting for that day, in between now and then, I recommend those looking in take a position before the realisation takes effect, of which I believe will happen soon enough, as each quarter passes, the pattern will become more and more obvious. GLA

If everyone can agree to buy and not sell, you will create the short squeeze, but how many will stick to the plan?

S H A R E P R O P HE T S pump a load of trash about many a stock, I don’t rate them, they are stating the obvious with us now, but they didn’t have a single word to say about MTL since getting the fact about us going bust with the banks completely wrong, we LTH investors have had more incite, and we don’t charge for the likes of it.

I heard the same thing about the dot com bubble, there were dozens saying that this was the start of a digital new world, and everyone jumped on board because the whole market was rising, you didn't understand why prices went from pennies to pounds on promises, but it was just a bubble, a close friend warned me many times as I got involved, saying true value will return, don’t ride the wave too long, and when it burst I was already off, too early, I admit, but the valuations came all the way down again for 95% of the dot com dreams, Bit coin reminds me of those days, sky high dreams, Gold is an historical play and I’m happy to know it’s history, keeps me sane.

https://youtu.be/6fmwTGpVCvo

This Guy makes so much sense, really interesting video, gold gets a mention.

************* is code for S H A R E P R O P H E T S by the way .

Hi everyone, Has ************* written another article? As the many links don’t open, If so can someone print it? I was only ****ging them earlier for their last incorrect post saying that MTL were going bust and that the banks were pulling the plug, they got that wrong and have never written about MTL again, or have they?

Put it this way, I was paying 5p a share when MTL was losing money, the same number of shares today as there was then, I was following the Directors buying of £250k worth, and gold was only $1100 dollars, we are silly cheap.

Debts dropping to $122 million total with $8.3 million cash in the bank, efficiency improvements have certainly taken effect, we moved significantly less material due to terrible weather and still made 20k ounce of gold, with the weather in Q1 seasonally set to improve, Q1 2021 will see higher highs, 22k ounces? Very likely, the tide has turned, it’s so refreshing to get positive updates, our debts are falling fast, and interest amounts will reduce as a side effect, 2021 is going to be the year we get noticed, patience will pay us all handsomely.

Who can doubt us now? Back to 20K ounces during a Pandemic, I have been saying they will want to prove something this quarter, well they have done it in style, Fantastic work and a big thank you to Darren Bowden, who’s turned this ship around, no holding us back now

Looks like Gold will test the $2000 level again this month, fantastic start to 2021 Q1, 2020 Q4 figures have a fantastic chance of being the best in our history, I think the average Gold price of $1875 with a modest production of 16.5k ounces plus will facilitate that, I have a sneaky feeling MTL will have made extra steps to shout out the future is bright, and with 80% of our problems now firmly in the past, the Major shareholders will want to see the share price get back to levels they paid for them and beyond, I would love to know what their average price is, but I would think it’s in the 10p region, excluding the interest income.
We have been so undervalued for so long, we need exposure to the masses, and that takes media reports, investor write ups, when they exposed our potential, then new money will see the light and blow away the few penny valuations, but for now, we can enjoy the steady realisation and the gradual forward momentum, I pray we don’t spike as that just brings in the morons, 50p next week brigade, leaving ill feeling for those caught up in the hype, we don’t need hype, we just need those to invest with a longer view, to see the huge potential that the majority of us long term holders have seen from the start.

He sold his 40000 shares and bought some grammar lessons

Makes a huge amount of sense, printing money has this side effect
https://youtu.be/l8RauDwklyY

8p fair value, very interesting, when you look at our past, In 2016 we ranged between 5p and 8p purely on anticipation of production starting, it’s simply unfathomable to be trading this low, 2 quarter periods of gold production at 19k ounces was achieved just before the COVID situation took effect, so we know how to produce the goods, with the rising gold price we made strong profits allowing us to make heavy CAPEX spending in the last 12 months, that has gotten the long overdue repairs and improvements put into effect, of which we should start to bear fruit this year, the COVID effects will be gone in the near future as the vaccine rolls out, so we can expect 20k ounce gold quarters in 2021, over the next few years we will making ever shrinking loan interest payments allowing ever expanding loan capital re-payments, the company has well and truly turned a corner, so why has the share price not caught up with all the recent game changing news is hard to explain, MTL simply haven’t caught investors attention, more press exposure, more tipsters recommendations will spring board us forward as new investors take positions, sending our crazy low share price higher, so patience will reward, I have no doubts.