Member Info for leehardcastle

Mohh, your going pay more the longer you leave it, we have consolidated nicely at the current price, we have 2 pieces of news to come in the next few weeks, Q4 results are certain, finance is almost certain, Gold at $1515, that’s certain, just looked

It’s clever buying, small and often whilst we wait, mopping up the impatient and fearful, without paying a premium for say 5 million at a time, it’s been consistent for a while and I think it’s someone related to the management, good luck to him/her, it increases my resolute belief in this quality company, yet to be seen by the market as a genuine gold mine.

Agree, doing nothing is hard to do, but if you have your holding, leave it alone as king as nothing has changed, and buy more if it’s improved, in our case it’s improving, gold production and gold price are vastly different to last year, so chill and let the company do its thing.

Gold risen to $1510 again, MTL can benefit from December gold selling at at high price, think the average gold price for Q4 will be $1480, 20k ounces? Possible at the rate of improvement seen from Q2 to Q3, the gold numbers are paramount for our success, and the wind is definitely with us, I’m super excited for 2020, I hope all here have the patience to let MTL grow, the odds are definitely in our favour.

By the way, 0.3p low was there to be had, I had a few at that price, can we 40 fold our low and reach 12p, those with patience and faith have a fantastic chance, easier than working and an educated investment like MTL is better value than a casino style bet or ramped companies with high value pipe dreams.

Take a look at the 1 year price graph, if you can’t see a recovery in play by now, then you really will miss out, AAZ price graph looked similar, and swings in share price can be very large, but those who sat on their hands will have done very well, some may have 40 folded for doing nothing but observing and having faith.

Mohh, the fact that you want to buy into MTL at a lower price is natural when your not on board, but you must see the potential like we do if your wanting a piece, the news were expecting can come at any time, we’ve been happy to wait this long, another day, week, month, quarter makes no difference to me, other than frustration, I know the gold is coming out at ever increasing amounts and currently at $1500 for every ounce, so time is our friend, this 15 year venture is just getting going, and those on the side line will watch, wishing they had a piece of it as the ship sails without them.

Mohh, do you hold shares in MTL?

Remember when the Company Director had reached a certain point over 3 years back, where the bank loan was about to be secured, the mine processing plant was built and in test, he paid £250k for 5 million shares, it was his purchase that had me buy 200k shares at 5p, the fall in share price that followed was purely due to the ramping up of the mine never reaching its potential, this year, better late than never, it’s finally achieving 80% of its potential, with that in mind, if 5p looked value then, 5p looks even better value now, 1.3p is buy one share and get 3 shares free, no brainer if your in the know

Someone in the know is filling up with a huge holding, MTL isn’t what I would call a leaky ship as some suggest, but if you work in the company and you know the numbers, your going to let your family know, that’s not insider trading if an employee isn't the one buying, it takes more than confidence alone to stump up £380k if it is the same buyer.

They were buys, I’m merry, excuse me

They were sells, you would tank the share price trying to sell that amount, and yet we’re still 1.3p on the ask, we are a screaming buy, but that nagging doubt is holding her back, when the news drops, doubts will evaporate, 2020 is going to be a great year everyone.

20 million shares orders take a long time to fill, that order will have taken a week to fill, the rise to 1.45p was possibly the catalyst to get some selling from sticky hands holders in order to fullfill the order, it’s a buy, certainly not a sell, that would have been 1p when selling that amount at best.
We have had someone collecting a large holding for the last couple of months, Possibly a family member of the management/directors etc, the news is coming, I have zero doubt.

All the best to everyone here, hold your nerve a little longer, no news is not bad news, it’s just no news, the refinance is coming, we were offered it once earlier in the year, we declined it as the terms didn’t suit existing shareholders, negotiating terms that suit existing shareholders and suits the banks will be infinitely easier this time as the last 9 months have answered many of the production issues that the banks will have been most worried about, so chill, enjoy your break and let DB take the strain, good news will come, the hardest part getting the gold income numbers up enough is already here, and will keep on improving, we are in the most experienced hands. Merry Christmas

Sub penny, that ship has sailed, those thinking 1.45p is a spike, think again, we were 3p just over a year ago when the old management were losing cash hand over fist, we are a very different beast today, 7 out of 10 boxes are ticked, Refinance is the 8th box, 100k ounces annual gold is the 9th box, and the jackpot 10th box is a dividend paying, debt free business with the remaining land hank proven up to give us another 30 years of gold profits. Have a look at AAZ if you think that’s a unrealistic dream, it’s not, 10p is just a few years away, I have the time and patience. GLA

That was me

IG account allowing me to Buy, 1.25p from 1 market maker and 1.35p from the other, you always get 2 prices from IG on MTL, perhaps your market maker is low on shares Shinfalls

The banks need to say YES, that’s the ticket, those thinking that may not happen need to ask themselves why would the banks say NO? I can’t think of a single reason, can anyone else? the last 9 months have seen a dramatic change in our favour, significantly higher cash generation, and a trajectory pointing to higher highs with each quarter, our cash generation is high enough to start loan repayments, and still allow us enough to maintain a healthy mining operation.
Let’s hope it’s sooner at than later, but I have zero doubt it’s coming, what the new deal looks like is my only uncertainty, but any deal will be good news, uncertainty is a killer, look at Brexit, clarity on Friday with the Conservative majority sent our markets and pound rocketing, nothing physically changed that day, just that we now know we are leaving the EU with some form of deal.
MTL share value will react the same way when some form of deal materialises, it’s coming, you should have no doubt, just my opinion, would be good to hear others thoughts.

Looks like someone wanted Roy’s shares, they didn’t hang around

Nothing wrong with a little de-risking in your circumstances Roy, you do have a huge number of shares, so I don’t think you will regret taking a little of the table, I don't think we will see any real drops between now and the end of this quarter, as good news is more likely than not, and we are still at very low levels considering the improvements in the last 12 months, we seem to have consolidated nicely, very little selling and buyers taking up what comes available.
It would be fantastic to get a deal before the end of this month, I’m sure DB wants that more than anything, as it’s certainly the tipping point between failure and success, but I’m still 99% certain it’s in the bag with our recent cash positive position.
I have this little bit of advice to Roy, if the share price tripled in the near future, you have 90% of your holding to benefit, you can’t have any regrets about the 10% in the bank today, as it’s not at risk and so can’t gain or lose on that cash, never look back, no regrets.
GLA