The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It’s not a pump and dump, it’s just those who sold shares after the last quarters amazing news, are buying them back, simple.
The time is running out for those looking for a cheap position in MTL, with months not years to a debt free position, this penny stock is going to rerate massively, LTHs patience is about to reward big time, I’ve been here since late 2016 and have collected a relatively large position, still amazed with our super low valuation, but I care not, as the value in this company is going to huge, DB has proven he knows how to run a business, laden with huge debts when he took over, they have and are evaporating much quicker than many could have hoped for.
Imagine what he will achieve with a cash rich MTL, I do.
Ronnie is back with more wisdom, he actually makes me laugh, he’s been quiet since his last gold to $1800 dollar prediction, he’s piped up on a day when we have record results and gold at $1980, poor sod
My 80k ounce prediction for the year is actually now agreed by Darren Bowden, and costs per ounce reduced by $100 dollar to boot, that’s the lower cost of parts and oil etc, 1 year to debt free is my next prediction, bloody marvellous job, interest rates have little bearing on the last $48 million, but I’m confident we will still get what’s legally agreed at 7%, but it’s a cherry on a lovely iced cake, and not a defining moment, because we are a record breaking gold miner.
I think we are set to go much higher than production estimates last year, why? Well Darren Bowden sets low estimates, as proven by the last 2 years, so I was expecting top end and above, but he will have based his estimates on ore grades, but, we have achieved a much higher efficiency than even he may have worked those estimates on, 92% efficiency if maintained will be a big plus for us, it’s nearly 10% better than the 85% of old, that’s worth 7k ounces alone, I would be disappointed if we don’t make 80k ounces this year, I’m very confident that’s going to be the case.
Hi Sham, I saw a similar share price movement with AAZ, they hung around the 30p level or about 8 times their ultimate low, just before they were debt free, and it puzzled me why AAZs market cap was still so small, I invested at 30p to 35p with trepidation, when the company actually announced the fact they were debt free the very next quarter, they rapidly rose up to 170p over the next 2 quarters.
MTLs shareprice is around 5 times our ultimate low, following a similar pattern, totally undervalued for our current production position, that can cause trepidation for new private investors, but in a year or so at the rate we our bringing down our debt, we will spring multiple times higher with that very same debt free/dividend announcement, the fee float of shares is tiny as 3/4 of them are held by financial investors, I would say the last 1/4 are mostly tied up in LTHs hands, between my brother, my self and my friend we have 4% of that private investor free float, I’ve kept adding and will continue, no brainer with gold at these levels, and the macro environment says it’s only going higher.
Just a hand full of days for the closing of the Q2 numbers, looks like we will average about $1965 per ounce, our highest value ever, we lost 1 days production due to the unfortunate death of an employee, RIP, that’s around 200 ounces, but hoping for over $40 million in sales, with costs of production possibly falling as diesel costs have dropped significantly over this period, one of the major costs in production.
I’m looking forward to clarification on the 7% loan re-rate and news on drilling new reserves.
Roy, it tells me the company has a bright future, why else you would accept shares as part of your salary? but we all know that, hence why we wait paitently for our rewards.
What RNS is that CV?
Had to do it, crazy cheap again.
Great reply Jholistic, the only thing Ronnie can actually be relied on knowing about gold mining is the actual gold price at that moment, he’s dead handy for updating when it’s swung $10, as he has no factual basis on any of his comments it has no real effect, other than annoy in the same manner as a wasp in window, I have been clear I’m personally here for the long term, minimum 5 years, and the share price has been between 5.2p and 0.4p in the time I have been part of this journey, I always buy on dips to increase my total allocation, this being time for another top up.
Up to $1975 now you muppet, how sad you are posting $10 swings
We are making $750 dollars an ounce you muppet, when was gold at $1900 $2000 or $2100 anything other than amazing for gold companies, the average gold price this quarter is over $100 dollars higher than the last, you come across as a total fool, and believe me know one is acting on your advice.
The majority 70% stakeholder had agreed and the minority 30% stakeholder has yet to agree, as it was a legally bound agreement I can’t see how the minority stakeholder can do nothing other than delay issues, they can’t reverse a legally bound agreement because it’s not as profitable anymore, it will go through, no doubt at all, 3.5 years ore reserves based on the old estimate, looks good knowing the illegal miners that have been cleared were digging in the lands adjacent to stage 5, once proven later this year we should see an upgraded reserve estimate in Q4 this year, 2022 was a cracking year exceeding production estimates, 2023 looks to blow estimated out of the water, I can see us reaching 85 to 90k ounces this year, with efficiency up and stage 3 gold to go at, everything looks solid.
I like the statement that we are seeking new opportunities and acquisitions, that’s the long term future for MTL, to carry on mining new reserves, with our relationship with the Philippine government and communities, we will be first in line to mine new land.
Last time you posted doom we were at $2016 and today you post we are at $2016, go away you numpty
$1975 is the average gold price in dollars since the end of March, around $100 over the Q1 average already, and rising as we are around $2040 as we speak, at this rate we may end up with our 1st $2000 dollar gold quarter, shame for the poor sole who lost his life, it’s a likely possibility with 500 plus employees on site, but well done MTL for showing the respect they did, nice to see compassion before greed, we aren’t an award winning company for nothing, tree planting, education, local employment and medical facilities are some of what MTL bring to the people of the Luzon area in the Philippines.
Words from DB:
The Company has significant technical expertise of operating in the Philippines. This combined with our operational and environmental track record and community relations building excellent relationships with the appropriate agencies and offices, leaves us very well positioned to look at appropriate in-country M&A opportunities. These opportunities, the Board believes, will create a larger and more structured business with multiple mines, which will have the ability to deliver significant shareholder value.
My thoughts are we will be debt free in 2024 and will have a minimum 3, possibly 4 years to build a vast cash pile, along with fully owned mining equipment, can jump into fresh proven Philippine gold reserves from neighbouring acquisitions.
We are in the process of making our first project a huge success, hindered by huge initial set up costs and expensive borrowed money, the second project will be an even bigger success when you already have the proven leadership team, the experienced staff, the mining equipment and the cash required in the bank, without borrowing, your off to the races, but for now I’m happy to watch us blow this last loan into oblivion and expect our first dividend later next year, if gold heads where I and other analysts expect, we can expect more of everything, exciting.
What most forget here, is when we hadn’t produced a nugget in 2016, with the same number of shares as today, with a loan of $81 million at 8%, gold at $1200 and the mine processing unproved….we were 5p and the director at the time used £250k of his own money to buy shares, the loan was over 10 quarters, so how can we be a 2p share today, well we are and if you can’t see a bargain then so be it, but we are simply massively undervalued on any metric, but not for long my fellow LTHs, we really don’t have long to wait for a massive rerate.
iD78, you haven’t taken in account the we are now making $750 dollars an ounce as we speak, 21k ounces at $750 is circa $16 million income, and we have unsold gold and $5 million in the bank, so I still say 12 months is possible, 15 months at the most.
Schlum I think you are about right, 12 months is very possible, the rate the debt is flying down, and gold rising with each quarter, $16 million reduction per quarter is definitely in our remit, this year is our last call for silly cheap shares, a massive rerate is literally around the corner, Dividend payouts of 40% on 2p shares is not a dream, thanks again to Darren Bowden and the team, 93% recovery and $40 million revenues is all down to them.