Member Info for leehardcastle

The end of last year as in Dec 2018, just to clarify, not 2019

If gold was still $1270 as of the end of last year, and we was producing nameplate production of 25k ounces, MTL would be seen as running at full steam and the share price would be flying, debts would be falling and the sky bright as a button, success on the horizon.
Well €19k ounces at today’s $1675 is exactly the same result, better so, we still have scope to improve anther 30% when we get to actually make nameplate design output, debts should be falling and the talk of D4E utter nonsense, it puts our current position into question, why have we only dark clouds? the answer is.......we don’t.

3.7 million Roy

every $100 dollars is $8 million income for annum, game changing movement in the last few months

I’m in the same camp of thought, I just can’t see them getting it passed, there are too many other shares not in their hands to pass a huge dilution to benefit themselves, the panic today is completely crazy, but like you it’s been another top up day, I’m here for 3 years minimum so really don’t mind what the share price does in between, as selling is not an option, I know where this is ending, that’s a debt free gold mine, and the shareholders know it, which is why they bank rolled it, Ive seen 5p, I’ve seen 0.3p and everything In between, but MTL as a company have never looked this good as we do now, so hold tight, because the share price in time will catch up to the fact.

No brainer

Make that another 115000 for me, will get my 5 million target, just can’t believe I’m still getting more so cheaply, no brainet

That’s an important quote, MTLs future depends on the negotiation with the major shareholders, it’s not a one sided dictatorship, the major shareholders don’t decide on a deal that just favours them, it has to be agreed by all parties, and at the moment, it definitely doesn’t suit the other 1/3 of existing shareholders, who have the say to deny huge dilution, D4E is not a certain, it was a suggestion at the last quarterly report, but things are changing all the time, number one being Golds value, at $1650 as we speak the numbers are in our favour to carry on as normal, the debts may have looked unfeasible producing 16k ounces at $1300, but another $300 an ounce and 20k ounces production quarter is a different ball game, that’s a $32 million income, not $20.8 million just 9 months ago, the difference is enough to dig our way out of debts, no additional cash required, MTL can see that change as so can we.

The big money to made in MTL is when we are debt free, that’s when dividends start, AAZ increased 400% on that news in less than a year on that announcement, MTL are 3 years from that position, so bed down for 3 years, because that’s the timescale to riches, and the share price will wobble all over the place in between, but the end result doesn’t change, we are not going bust, we are improving every quarter, that’s the key, the share price will follow in time, patience guys

The share price drop is only temporary based on fear, the volumes are tiny, MTL as a mining company has never looked better in 15 years, we are going from strength to strength, so the D4E fear is a temporary glitch, we don’t need a massive cash injection, even $10 million is excessive, this quarter alone is heading for $32 million income, thats at least $6 to $9million profit, based on previous efficiencies and continued CAPEX improvements, which the need will reduce massively over the 2020 year, that income as well as $5 million in the banks is enough to start the debt repayments, I can’t see MTL allowing huge dilution to shaft long standing shareholders, of which they wouldn’t be in existence without the support.
MTL have never been leaky with news in the past, and this selling is purely down to PIs fear, that D4E will be a disaster, I just don't see the need, a cash raise when we were trundling alone at 1.5p was easily possible to raise $10 million, that would have been the answer IF cash was really required, just hold and wait.

Not having my 3.6 million for less than 5p, and that’s giving them away, patience will see much more, and I have plenty of that.

H5O, I agree that the market should have the details of the deal as soon as it concluded, so MTL owed the banks, the banks loans are paid off by the major shareholders, so we now owe the major shareholders for both the existing mezzanine loans and the new loan (the one to pay off the banks) this has made the major shareholders not only shareholders, but financiers, they haven’t got any more equity in MTL with that deal, the banks total amount accepted may or may not have been reduced, but either way that won’t benefit MTL even if it had, as MTL have basically swopped lenders, a bit like if you change your mortgage, the amount owed doesn’t change, only the rate and terms offered by the new financier, on that basis, MTL must have already agreed terms with the major shareholders, you wouldn’t change your mortgage without knowing the new lenders rates and terms, so why has DB hinted at a possible D4E? is it because he’s unsure he can meet these new repayment terms, so perhaps the major shareholders suggest lowering the Quarterly repayments with a release of new shares in exchange for reduced debt, that way the major shareholders finally get a bigger piece of the blatantly improving company, no doubt they would prefer that, but, MTL may decide the recent gold price increase will make meeting the terms possible and hold back from releasing more shares, no D4E, or they could offer the whole market a share offer, that way they get a cash injection without increasing the major shareholders percentage, if I was MTL that would be the route to take, even $10 million raised from a additional share offer would give them the cushion to increase gold recoveries over the next year and assure they can meet payments in year 1 of a possible 3 year repayment plan, MTL wouldn’t have changed financier if the terms were crazy or impossible.
If this whole deal is not classed as finalised, as such why we haven’t been informed is because MTL and the major shareholders (new financiers) haven’t agreed the final route to take, as in whether they actually need to reduce the loan size, or to raise additional funds from a share offer, or not increase the share total by carring on digging gold and making enough cash to keep everyone paid, $1600 dollar gold plus ever increasing production is certainly making that possible, it’s maybe 3 options that they can’t decide on.
Either way, I have said it before, we are not going bust, so 1p a share is ridiculous and don’t forget it, it’s easy to lose sight of that fact, silly cheap whichever option they choose.
Have a nice weekend all, relax, all will come good.

We have to remember the risk of failure has evaporated completely, the long pockets of the major shareholders have gotten the banks out of the picture, what terms they now set with the refinance is the only unknown, we know the plant is making money, enough to make capital repayments, that’s a fact, and gold is at least $100 dollars an ounce higher than the last Q4 results, so it’s getting easier by the quarter, as such D4E is not a certain, it’s a possibility, but the recent share price has already taken it into account, it’s 1p and that’s a going bust kinda price, the bleakest downside is what? 0.5p The upside is a debt free company and dividends just from the current mined land bank, with 6 times more land bank yet to be tested, where will that take our valuation, 5p? 10p? you won’t know if you bail out on every unknown, the shares in your portfolio are yours, you own that piece of the company, and WHEN not if MTL becomes profitable, your share receives part of that fortune, my advice for what it’s worth, stop watching if it’s painful, reading into every possibility will end up in you bailing out, I’m relaxed because I understand the link between a share price taken one day does not decide the future, it’s a marathon, not a 100m dash.
The cream eventually floats to the top, I know from experience most here will never see this company reach its potential, because 90% of the population won’t have the patience or stomach to hold tight, a shame but true.

Seriously??? The major shareholders can get his mates to buy stock on the cheap, and they can push through any deal they want?????? You can’t add your mates shareholding to your shareholding to make up a 75% majority, then decide on obliterating the value of the remaining PIs and institutional shareholders, utter tosh, and I pray any reading this puts that thought where it belongs, in the trash, this board is to share opinions, but these recent posts are pure drivel, the share price swings are based on fear and greed, not always related to the actual companies position, proof is in the pudding, MTL, owns 100% of a huge gold rich asset worth billions with a debt of just £100 million, up and running, no banks, a debt owed to a party (major shareholders) that has as much interest in this journeys success, they may want the whole company, but they haven’t got it, a third is NOT in their hands, FACT, so they need to offer a refinance deal that’s accepted by all, hence why negotiations are taking so long, the major shareholders are not a dictatorship, they are just like us, they want a shareprice in the 10s of pence, and if we all sit and wait, that will happen, we have nothing to stop us other than fear, don’t let emotions get the better of logic.

Shares are also held by institutions who paid a lot more than 1p, don’t believe for 1 minute they will agree to being shafted, or will allow to be shafted.

You forget Leo, that 36% of the shares are not in the major shareholders hands, and that 36% has a say, that prevents underhand tactics like that happening, you love to add scaremongering into the mix, the major shareholders also want the share price to rise just as much as we do, so dilution on a large scale weakens the rest of their holdings as much as it does ours, IF we do have a D4E it will be at a fair value 1.5p (IMHO) and a modest amount, with Gold set to fly with this recent global health scare, we are highly likely to generate much larger gold sales than expected 6 months back, which will have changed negotiations again, in our favour, at $1600 dollars plus we can generate $10 million clear per quarter, that’s a sustainable business without any D4E, if we see $1700, $1800 then that’s $12 to $14 million per quarter, just at 20k ounce quarters, of which is to be bettered in time up to nameplate design of 25k ounces.
The future is the brightest it’s ever been, and as such leaves little reason for the major share holders to de-rail it.

Spot on Volmer

The pull back in share price is vastly overdone, 1.9p to 1.05p is already factoring in huge dilution, which I doubt very much, but as a long term holder, I couldn’t care a jot, it’s not changed my belief in where this company is going, and recently we are ticking all the boxes, 4 quarters of increasing gold output, 4 quarters of increasing gold price, huge CAPEX spending on repairs and improvements, yet still 4 quarters of increasing cash in the bank, momentum is gaining and if the worst that can happen is a little share dilution, of which reduces our debt, then it won’t change the outcome, that’s a debt free MTL in a matter of years, a dividend income and the share price will be multiples of today’s valuation, so I’m taking advantage of all pull backs, because this will eventually rise to fair value, for those who rode the AAZ recovery, 4p to 173p wasn’t a straight line up, you will see it went from 4p (January 2016) to 33p (Nov 2016) and back to 16p (April 2017) that’s over a 100% pull back, but those who never lost faith saw a zig zag chart reach ever higher to a ceiling 173p (Sept 2019) that’s just the way share prices move, it’s a part of investing, in 3 years time I hope the usual gang here hold tight to get the big rewards, never lose faith and I don’t try to guess the share price, it will find its natural value over the years, the month to month price will just become white noise, the chart will eventually become an ascending staircase pattern, cheap top up time if you can, otherwise simply hold and wait for the gravy to flow, the big money is a just a few years away, and I’m happy with that, most here won’t see it, human nature, but I will, that’s a fact.

This virus is going Pandemic, no way is this going away soon, as the markets sell off, gold will rise, $1650 is just the start if I’m right, we may see a serious run on gold over the next few months.

85000 for me, thank you