Member Info for leehardcastle

Charts are only a guide, but the fact remains we are undervalued on any metric, with same number of shares in late 2016 we had just finished manufacturing the gold processing plant, “ramping up the mine” was the term, we were 5p and we hadn’t made a nugget, Gold was $1100 dollars, how can we be a penny stock now gold is $1800 plus, The plant is functioning and gold sales profits in the order of $35 to $40 million annually before interest, after interest $21 to $26 million, and we are only running at 70% efficiency, target promised 90%, and the management know what’s required to achieve that efficiency, so we will get there in the next 12 months, then cash generation will be $40 to £50 million before interest, of which reduces every year, currently averaging 11% on our loans, but drops to 7% when we pay off roughy half the debt, so the snowball really starts to grow as it rolls down the hill, it’s a laugh to see us at these levels and all long termers here know it, so we simply wait with patience as the rest of the world catches up to our once in a life time prospects.

Anyone watching the news? we’re in a financial recession where our economy has shrunk 11%, the worst figures in 300 years, with unemployment to hit 2.6 million and at least 2 years to get back to some normal, that’s from the Chancellors mouth, like I have said COVID effects are here to stay a lot longer the first round of vaccines, Gold value predictions are more likely than ever, $2000 dollar gold is coming as the recession really bites, got to have a little gold in your life, the ultimate hedge.

Storms and floods are part of the package in the Philippines, MTL have never suffered much other than power outages, but we do have back up power and as long as it works as it should and designed to do, then the BIOX that suffers most should be intack, although the generators failed in the last quarter, but we were lacking the full team of engineers due to COVID flight restrictions, although I'm sure they have made the site when the restrictions were loosened months ago.
My basis of best results is based on the fact gold has averaged $1900 this quarter and 17k ounces would show just a small improvement created by the looser COVID restrictions and improved efficiency that was hinted at the end of the last update, if my predictions are right, $32 million income, and $10 million profit, with $9 million in the bank from the last quarter we would be able to use that $10 million to pay down the loan.
Time will tell, but I have a feeling the company will want to show off this time, and throughput will be maximised to faciltate bragging rights to the market, now that we have turned a corner and attained stability, MTL will want to shout that fact out, after all, the major shareholders benefit most from a higher share price.
Happy days

Well done Mr LOLOL, time to buy back in? we are just getting going, at the start, all boxes ticked, Re-Financed, Lower interest rates, $1800 dollar gold, New plant equipment, Fully serviced infrastructure, Top class management, $9 million in bank, its not the time to be out, this recent rise in COVID effected stocks will be short lived, Recession is not going away anytime soon, the Worlds huge debts are real and with inflation low, there’s only one way to pay it down, high taxes, unemployment and hard times haven’t bitten fully yet, but there on the cards, I think this rally will be over very quickly, and gold will head back over $2000 in the new year, MTL have their last quarter news soon and feel they will be our best earnings to date.
I couldn’t be out of this classic recovery play, 4 years from now 10p is on the cards, AAZ did it, and we will too, don’t miss the party, but best of luck with your plays, you was always a well respected member of the long termers, be good to have your input again.

Took another 100k, lots of buys showing as sells, that’s my 4 million share target complete, thank you to the sellers, I didn’t expect to reach 4 million so cheap, they are locked away, pension pot

I know, I’m heading to 4 million but feel very comfortable, always have, If the Billionaires hold 2/3 of this business, I’m sure my little piece of the company is safe.

Typo error,
Can you believe you can buy MTL for less today than earlier in the year when we didn’t have financial security, and Gold was $300 dollars lower. not $500

Can you believe you can buy MTL for less today than earlier in the year when we didn’t have financial security, and Gold was $500 dollars lower, thats how crazy cheap we still are for those with cash on the hip, no brainier for those fortunate to be in that position, the last pause before we see real growth I feel, 2021 will be the year where patience will pay off.

I have 8 blocked posts today, only 1 member in my filter, hmmm he’s been busy again, but I’m blind to it, happy days

Looks like our buyer likes to buy in £30k chunks, I wonder who that man is, could it be one of our well informed investors loading up, buying back in, or could it be the Candy or Edwards major shareholders increasing their huge holdings? £30k well spent, because those selling are still gifting their shares away, Gold going sideways at a very healthy level for MTL

Fingeronthepulse, welcome aboard, glad to see you found us, hope you get a good stake because you have found us when most of the risks have evaporated over the last 2 years, but the share price has yet to catch up, as a long term investment many here believe this one will make those patient enough, some serious wealth, some PIs here have 10 million shares, many with above 5 million, so confidence is high from those who know the company extremely well, as you say, we are probably under the radar, and only get attention when we get on the leader boards, something we’ve done a few times, but it attracts the wrong kind of investor, day traders, 2021 looks set to see real progress, so your timing and strategy looks spot on.

Thank you for the post accipiter, good reading, It definitely supports the gold bull run has more legs as we are just at the start of another financial depression, and gold is the classic hedge, the damage over the last 6 to 9 months to people’s wealth haven’t even started yet, we have felt little of the damage as the government has shielded most of us from it, but the pain is coming, and I’m in no doubt that it will be prolonged, the recent stock market rise in banks, oil, airlines etc will be short lived as the damage is already done, the COVID effects are not going away with the upcoming vaccine, the Trillions of new acquired debt will take real hardship to us all for many a year to follow, and that should keep this Gold bull run going for a few years to come, and exposure to physical gold or gold stocks will be the best hedge to preserve wealth.

Jim that Pidgeon analogy cracked me up, Hope you get your top up at a great price, I keep adding as and when funds allow, I think the 1.8p offerings are a blessing I never expected, 10p is realistic in the next few years, and 5 folding in a few years is not an exageration, its a matter of solid production paying down debt, and Gold holding strong value, I see both those highly likely, and if Gold has the crazy rise I predict, we may hit 10p quicker than expected, Solid results in our final 2020 quarter will really cement the Companies turnaround that us long term investors have seen, more will realise as time unfolds, and new investors will take a position, the risks as we know have been reduced enormously and not as yet priced in to the current share price, but the cream always floats to the top in time.

Wow, that’s much better, that’s the first time I used the filter facility to block a poster, 242 posts from the last month have vanished in an instance, thanks for the tip boys

I agree with you H5O, the money has been chasing the rising stocks, and those who have invested here on the rise have slowly let go as they haven’t got to grips with MTLs current position, I feel 1.8p is a very solid base line and will be hard to break lower, for those who have been here over the years gasp at how cheap we trade at when we know just how much has changed for the better in the last 18 months, but I see it as another chance to take advantage of before the almost certain financial gain to be had by holding tight, I know we will break through 3p on the next rise, and that will be in 2 months time or less, so what’s not to like at these prices? Gold is holding up very well and $1900 looks solid, a great place to spring ahead in the economic disasters ahead of us, Brexit, Recession, The pandemic is getting worse before it gets better, $2500 dollar gold looks very possible in 2021

Good reading, history repeating, imagine $3000 gold for indebted gold miners, patience Boys and Girls

the sub 2p won’t last, it’s a stepping stone as we consolidate, If Ruffer have finally gone as stated, who by the way have sold out of AIM shares as a strategic policy, and no way reflects on MTL, then heavy selling will be gone, as people wake up to the cheapest valued Gold Producing mining company on the market, we haven’t had any chance to rise like the rest of the market during the Gold bull run, as we were not able to trade, so we have a lot of catching up over the next few weeks to reach fair value, I think our rise today will wet a lot of new investors interest to get on board before the steady rise, 5p this year is on the cards, Golds bull run will last for years, the world Economy is a mess and nothing short term is going to change that, Covid effects will be deep and long, Gold will be the safe haven and investing in undervalued gold producers will maximise gains for investors, MTL at these levels is a screaming BUY

Spaghetti, Can I be of help and give you a small lesson into how a share price is set.
If a company makes a £1000 profit this year, and has assets like cash in the bank and equipment values worth £1000 then the business may be valued at £2000, so if the company has released 2000 shares its share price would be £1
If a different business had made the same profit of £1000 with assets of £1000, hence a valuation of £2000 again, but had released just 200 shares the share price would be £10.
Both companies are worth the same and so have the same Market Cap, but the share price is very different, so you can’t compare a share price from one company to another.
MTL have over 2000 million shares released to investors, so a 1p share values the company at around £20 million Market Cap, What value do you put on MTL? if it was debt free and making £50 million profit every year with 20 years mine life ahead, we would be worth £1000 million or 50p a share, but we aren’t there yet, so patience is required, can we be debt free in 3 to 4 years time with 20 years mine life or more ahead? Very likely and that’s why you buy into a company who’s share price is a fraction of where it may end up, MTL has spent around £200 million getting to this point, thats 10p per share, money from investors like us in the form of buying those shares, with debts of £100 million or 5p per share, you could say simplistically we are worth 5p a share today just in costs alone, and when the debts are paid back in 3 to 4 years, we would be worth 10p a share in costs alone, when the company is debt free and making £50 million clear profit per year from Gold sales, at that point they will start paying each shareholder a dividend, which is a share of profits, around 1p per share, in 20 years you will receive 20p per share in dividends alone, and whose to say we can’t carry on for 50 years? We have that much land it’s possible.
The share price is set by the buyers and sellers perception of what value they see in the company's future, not just what it’s physical value of its assets are today, can we make more profit each year? Could we be bought by another bigger firm? Will Golds value keep rising? all these questions are unknown, so the future share price has massive variables, but at under 1p we are clearly just at the starting line.
Simplistic look at us, hope it helps.

29.9p will hit the spot, but I’m not greedy, 7.5p will be fine to start a decent party, £1/4 million is more than enough for me, but, if we’re paying dividends? then the dividend payments alone will be enough for Cruising around the world in style without touching a share, oh happy days :-)

Great stuff, Hey if we hit 2p Spaghetti will be a thousandaire , bring it on