Member Info for leehardcastle

$1682

I thought the same with the word “expected” thought it was a little vague, with gold climbing ever higher the negotiations may be changing all the time, $10 million profit per quarter is a possibility when $1650 an ounce comes in and it costs you $1150 to produce, leaving $500 profit every ounce, 20k ounce quarters generates $10 million clear, I think when CAPEX spending reduces to a norm after the repairs, $1150 costs are easily achieved, so reducing the debts by D4E may be minimal or not required, no doubt we need gold to keep performing strongly this year to get the ball rolling and start repaying them.
Well done Roy, buying at this price really is a no brainier, good to see it though, I wish I had the same funds at hand, I would not hesitate either.

Currently $1643 for just 1 ounce, Q1 is going to epic, if the price stays the course for our expected 80k ounce 2020 gold recovery, it would generate $131 million income, WOW

I hope DB has been selling all his gold at hand today, because at $1620 an ounce we will be heading for $32 million income in Q1, yep, just 1 quarter income, that happens to be our market cap today, funny but true.

Great Post Volmer

Well it never surprises me how easily people can give up their money, selling out at just over a penny? I’m baffled how you can have belief 1 minute and panic the next, I do my best to put a rounded perspective on events, and have been since the 0.3p days, because I believe this is only going one way over the coming years, and I have many reasons why, but when you get a piece of information that tells us a little of what to expect, it’s seen as the end is nigh, the share price is already battered, and rushing for the door leaves more losers than winners, and the clever money is still filling their boots with millions upon millions of dirt cheap shares given up so easily, the finance will be sorted in the next month or two, that’s good news, if it takes a little dilution to get the sums to add up, then it’s worth it, the Q1 numbers will blow us away and payments to the our new financiers will start, many will see how hasty they have been in writing off such a fantastic opportunity.

Mr LOL, your point is spot on and very valid, imagine a reduction of our debts from £100 million to £70 million via a 2 billion share equity release @ 1.5p (£30 million) then you have £70 million aquiring about £5.6 million interest per annum at 8% and 3 yearly capital repayments of £23.3 million, now you only have to find £28.9 million in year one, and that reduces in year two and year 3 as the loan interest ammount reduces. £7.2 million per quarter is achievable, thats why its happening, not because its a takeover.

Your thinking of an underhand take over? I think your overthinking it, MTL own the licences, not the CANDY brothers, 34% of the stock is owned by us PIs and other institutions, MTL will not accept an agressive take over by the Candy brothers, time is required to see what the plan is, selling out is not the answer, The RNS was in my view a very positive one, and we know the next production figures will be the best ever at $1600 plus gold. so sit it out or take the chance to grab some more on the cheap, you will regret abandoning this ship, its never looked so good, all the downside is priced in, watch it bounce back, it always does. GLA

Carryfree, you have misunderstood, I never said we have had an open offer, I stated that if they had it would make no difference to who owns them, the Major shareholders are goin to take stock for lowering the debt, thats fine in my opinion, if the debt is reduced then it will be paid off much quicker.
The risk someone mentioned of obliterating our shares with multi billions of new ones is not going to happen, it will be enough to lower the debt, they are the major share holders, but there are other large institutions that hold shares that wont agree to that kind of deal, as it effects them the same as it effects us, this deal will lower our debts and help us move forward quicker, the major shareholders will want to see the share price rise down the road too, and they can,t take over the mine, they dont have the mining licences, MTL have them. This knock on the shareprice is temporary and has no effect on my beliefs, its a time for the wise to get another chance to obtain cheap shares, I'm here for another 3 years minimun and will be buying some every month as funds allow.

I think the silence from the LTHs is more of a sign that they are comfortable with the proposed debt reduction path, they are not winging, non of us knew how that deal would pan out, we now have an idea of the proposed direction, I see it as a way to bring down our debts in an instant, and that reduces our risks over the long term, it reduces our interest liabilities, it reduces the repayment period, and yes it reduces your share of the MTL pie, if that bothers you, you can buy more, at a discount to last months share price. Win win is how I see it. Keep calm and carry on.

Gold hit $1613 earlier, Q1 2020 is going to be seriously good at these levels, mining is a waiting game, for those who can’t stand the ups and downs, of which there will be many, you may need to find another investment platform, or switch of your computer and take a look every 6 months, this is a 2 to 3 year journey to the serious money, a debt free MTL and a dividend income, I’m 100% in for that journey, Darren Bowden is the man who will bring this to fruition, he’s no fool.

That’s the spirit, top up time

Shins, if you had an open offer of 1 billion shares at 2p, would you do your bit and buy some? If you would, that’s great, you would have to buy 50% more than you have now to have the same share of the MTL pie, so why not double your holding now at 1.45p today to achieve the same end, assuming I’m correct that 2 billion new shares may be released to drop our debts by £30 million.
You will still have the same share of the MTL pie, and the pie will have 30% less debt, just a thought.

DB mentioned the debt for equity intentions because that’s what’s on the agenda, he’s been transparent, when the deal is announced it’s not going to be a shock, DB is keeping us in the loop, thank god for such a decent CEO.
If you have a longer term view then you will see this is a fast pass to a debt free business, it’s not a underhand way to shaft the little private investor, DB has our back, he said from day one, his goal is to increase shareholder value.

I think we need to understand where we sat this morning before the RNS, we had a share price of 1.5p and 2 billion shares in existence, making our market cap of £30 million and total debts of £100 million ($125 million)
Let’s say we agree to a £30 million reduction on the £100 million debt, at 1.5p that’s another 2 billion shares allocated to the major shareholders, making a total share allocation of 4 billion shares at 1.5p.... our market cap becomes £60 million with a reduced outstanding debt total of £70 million.
£70 million is a lot quicker to pay back than £100 million, it reduces our interest payments by 30%, it shortens the time to become debt free by around a third, a debt free MTL would produce a fair value market cap of £200 million, that’s 5p a share when there are 4 billion shares, a debt free MTL means the start of a dividend payment, a dividend income and a 330% increase on our 1.5p share price. What’s the setback? The debt free position will come much sooner with a £70 million debt total, than a £100 million debt total.
The Q4 gold output was great news, todays gold price above $1600 is great news, the debt for equity is good news, look at it as a fast pass to a debt free MTL, and today’s RNS is nothing to panic over. Glass half full or glass half empty, some posts here have agendas to get cheaper shares.

Wow, I’m surprised Roy, you sound a little down on your investment at the moment, there are many large holders like your self, who will hold tight until something changes that says it’s time to let go, everyone has a different goal, MTL has been good for a few over the last year, but 90% will be underwater if they have held shares beyond that, so the recent fortune is a start for most, not an end, the figures you have compiled have been interesting, it’s amazing the size of some holdings, and has demonstrated like minded beliefs, that we have the right ingredients to grow. The few who are already making money will trade, cash in, reduce etc, but I still believe we will follow AAZs path, it will take years to realise true value, and a lot won’t see that, human nature, but those who hold and wait for the slow recovery will bear the biggest fruit, AAZs share price swung hugely either way over the last 4 years, so I’m expecting the same here, but look past the daily, weekly, monthly movements, and watch us inch up quarter by quarter.
The major shareholders just bought a massive chunk of this business, and they wouldn’t do that to lose more money, billionaires don’t get to be billionaires by losing money, so I’m following the money, so should we all, if MTL is right for them, it’s right for me, and I hope for you all.

Put it this way, Gold at $1583 is over $100 dollars an ounce higher than the average Q3 values, it’s going to help the 2020 Q1 numbers massively, good news will keep coming, have no doubt on that.

Hi Volmer, I agree we are massively undervalued considering the massive gains made in the business over the last 12 months, those sells are what I see as normal, some are holding at a decent profit if they purchased in the last 12 months, and capitalising it is very normal, and thats what makes the share-price consolidate at new levels, as fresh investors takes the baton offered by the seller, we will ratchet higher as good news continues, if which I expect along with most here, I think the biggest gains will come when the inks dry on the deal and continued gold recovery efficiency improves each quarter, I expect us to hit 3p sometime this year, top up time I thinks

The waiting allows the share price to consolidate, a few million sells from impatient holders allows fresh blood in, and the cycle repeats, ratcheting up little by little for the LTHs, top time again for me tomorrow I thinks.

Thank you Alliance News, much better, the banks are history and that’s very important, upwards and onwards