Member Info for leehardcastle

Lowest available to us mere mortals was 139.7 briefly, still a bargain, very oversold and I think we are in for a pleasant update.

Gold went through and hit $1611, just under $1600 now, fantastic timing, what a start for 2020, if the banks had doubts last year, they will have evaporated now, gold stocks will be flying, and we will follow them this year, time for top ups

Gold $1573 and rising, Q1 will be amazing at these levels, let alone if they rise further, war with Iran is on the cards, watch gold fly when it happens, 2020 is going to be transformational for MTL

I’ve got in today, as the results will be better than the doom mongers are saying, back to 170p when they release them.

Minimum wage is not an issue, add 10p to each card and they are still silly cheap, Clinton’s will go bust, I could never understand paying £3 for a card, when they are no better than the same item from Card Factory for £1, £1.10 in April will not effect sales, they have a lot of room to increase prices, no one is any where near them for value, Aldi is just getting stronger and stronger and will be a great place to pick up a card whilst doing the weekly shop, cards are never going to disappear, they are a must at every occasion, moon-pig etc are horrendous, look cheap and are expensive, if you can’t be bothered to shop on the high street, purchasing from Aldi or online will be fine for us lazy beings.

I’m on board at 140p, I see value here, good dividend and any store I visit is always busy, I think Aldi will help and the online sales are increasing, all bases covered, 12 month target £2 and happy to collect dividends on the way, time will tell.

Shins, you do know your going to watch this baby and have more anxiety being out, I bet you get back in soon, good luck.

Don’t forget that DB hadn’t put a foot wrong yet, everything he’s mentioned has come to fruition, and he expected the resolve of the refinance in Q4 2019, like mentioned earlier, paper work approval will take time as the holiday period is a shut down for those parties, so expect an RNS this month, along with Q1 results.

The large buys are possible from a large seller, I would say it’s Ruffer continuing their disposal of AIM shares, and a large sell order should show up at some point, these should pass through, but the absence of selling from the PIs is a sign of confidence on our part.

MTL is not Bankrupt, it’s debts are only half of its total investment, its gold assets are vast and 100% owned by the company, it’s currently producing spare capital above its costs, enough to make loan payments, it’s increasing production consistently and gold is valued at a 4 year high, a bankrupt company has outgoings exceeding its income and cannot raise additional finance because it cannot prove it can ever meet its loans, or additional loans, like Thomas Cook.
We are now proving our sustainability as a viable business, later than planned, but better late than never, and the share price is currently slow to respond, but large investors are accumulating in the background, taking advantage of that fact, the re-finance is not high risk, it’s finance on a company with huge scope for massive profits, 15 years into a journey, and it’s coming good at the right time, where it can maximise the value of its proven asset, gold.

Trump is like Bush, Gun ho and war crazy, if? More like when Iran and Iraq retaliate, watch the Gold price jump to new highs.

For those wondering when to exit, take a look at the share graph for AAZ, when they hit the low of 4p, those that were brave and purchased, a little like our 0.5p and less days, most will have sold out by the lofty 30p area, just because it had done so well, it retreated to around half that before carrying on its journey upwards, vast swings up and down, and some may have timed getting in and out well, but most will get their timing wrong and end up losing share value, but those that saw things improving quarter by quarter, irrespective of how the share price moved, and held tight to see them pay their debts back, they saw 70p, holding tight a little longer to see gold rise to $1500 dollars, they saw 170p, and its holding 150p even today, now the ones that saw these improvements and left the 4p purchase untouched, because they saw a solid improving gold company, they saw gold values were more likely to climb in value, they made the big gains and it never took any effort, 30 folding, now that makes real riches, from modest investments.

The only way you can pick up shares in large numbers is to put in an order and wait for the drip sells to accumulate, and as we still have sellers, which I find incomprehensible, they are accommodating the buyers at low levels, if the sellers held tight, they would get more for their sells in the short term, wise up boys, the numbers of shares in private hand are low, hold tight, and the buyers will pay more, simple.

The costs this quarter will still be high, around $1300 as we are still repairing and adjusting equipment and plant, I imagine Q1 of 2020 to see a real reduction, a realistic ASIC of $1000 would be acceptable in the near term, as that would generate $40 million clear at 80k ounces

$1550 hit, 20k ounces equates to $31 million income if it was to be sustained, one quarter income is more than our market cap, funny

The reason I took an interest in Gold stocks over 3 years back, was the the fact that wars and world instabilities were highly likely, and Trump is the gift that keeps giving, He’s a hero today for organising a retaliation attack on Iran, they never learn, War mongering as usual, Iraq was a disaster, Iran will be no better, the upside, gold is always in demand when these fiascos play out.

$1542 looking strong

Decent numbers finding a consistent buyer, a million here, a million there, would love to know who, is it anyone reading this chat board?

$1528 toot toot

I’m great Adam, it’s been a good year for us all, and it’s just the start, Happy New Year to you and all MTL investors.