Member Info for leehardcastle

Gold has risen 22% in 12 months, that’s a bull market if you have either solid gold or shares in the miners digging the gold, MTL is down 33% in the last 12 months, 1.85p would be a starter if we was to rise 22% in the same 12 month period, this week looks promising we catch up to where we should be for a operational gold mine making positive cash flows and improving quarter by quarter, these results are the taster, next quarter will benefit from another $75 dollars an ounce and even more efficiency, hold tight boys

Your chance to lose out on true value, MTL has turned a corner, fact, we’re waiting to see by how much, 1.3p for 200k now, they certainly don’t want to sell me any cheaply today, a re-rate on the cards, I wasn’t selling at 1.6p last time round because 3 to 5p is on the cards in the next 12 months.

Definitely filling an order, they don’t want to let you have stock at the quoted price, 1.1p quoted for 200000, those letting them fill the order at 0.925p will regret it, hold tight guys

We are closing above 1p today, no doubt, sub penny days may finally be behind us.

Won’t let me have me have 200000 for asking price, want 1.075p
Looking like news is imminent

I think we are about to pop much higher this week, well over due imho, $5 million cash flow will light the touch paper, refinance agreement 3p again in a flash.

I’m thinking the same way, although I do feel we will get an eureka moment, where the fault with the BIOX is corrected for good, the frothing issue sounds like a solvable one, when the BIOX circuit runs at 100% then the gold efficiency will rise substantially, with BIOX experts in hand, that day will come, no doubt, it’s a proven process, it’s been our main issue for nearly 3 years, it could be solved already? The moment it’s solved we will be pulling 20k ounces a quarter with ease, at $1500 that’s $30 million, yep, serious numbers, fine tune the other processes will come later, and name plate 100k ounces per year will rapidly pay back debts, fingers crossed for encouraging results

Very well put Jamie, the refinancing of our debts with the banks has been the major sticking point, one that’s dragged on longer than anyone could have anticipated, the major shareholder debts that run alongside are not so bad as they obviously have an interest in the mines success, hence why the loaned the money to keep us afloat, they will be patient enough to wait it out, the banks have been good enough to wait to see how the new management have progressed so far, I’m confident they are happy we are viable again and will restart a loan plan soon, this next results will cement that fact, 7 years gold left in this section that makes up just 15% of our land bank, so plenty of time to make good on the loans, we have an extremely bright future.

16.5k at $1430 is a mighty $23.5 million income, very realistic, my prediction

Wow, time flys, we’re only 2 weeks from getting the next report, they will be our best ever, average gold sale price should be in the region of $1430 per ounce, with an increase in quantity and we should have made significant earnings, with the next and final quarter being over $1500 per ounce, they will just keep getting better, time is our friend

I take that’s you selling out Shinfalls? Confused, if it is it makes no sense, Gold at over $1500 is securing our future, the rest will naturally fall into place, doing nothing is always the hardest thing, if you need to do something then it’s time to load not sell.

Totally agree, it’s coming.

Best of luck with the treatments Roy, keep your spirit up, life is full of surprises, hope yours are all good ones.

great clip, shows that small gold producers are off the radar, worth a fraction of their real value, thats certainly where we are, its great to be in now at the start of the upcycle for us, its coming and where is ends is anyones quess, 5p, 10p, 50p, god knows, the only thing I do know is we are at the start, producing gold, making profits and getting stronger balances month by month, just 15% of the available resources prooved up, and 7 to 8 years left in the 15% where digging now, 85% more for the future, gold could hit $2000 in the next year ot two, patience is the absolute key, fortunes to be made for them that wait it out, millions of shares in MTL given away for fraction of a penny, wake up boys and girls.

Good to hear your tests are looking OK Roy, MTL is like a coiled spring at the moment, it’s primed to explode back to some sort of sensible valuation, under a penny for what we are doing and own in a bull gold run is getting laughable, a re-rate is long overdue, but it’s coming, I know it.

Best of luck with your tests Roy, hope you get a good outcome, you will need another half century to spend your gains made from MTL over the next few years.

It’s certain in my mind that production WILL come good, notch by notch, and with gold hanging ever higher with each month, the mix of the two secures our future, the banks probably see this too and that’s why they aren’t offering debt reductions, they can see patience will get them paid in the long run, he’ll will freeze over before the banks pull the plug on this business, but if they and the major shareholders can offer a reduced interest rate, I think that would help our journey progress quicker, I know that’s going to help the major shareholders in the long term, and the banks will have the benefit of reliable and consistent repayments, a win win for all including the ever loyal shareholder.

Those who were brave enough to buy in Dec 2015, just 3 years and 9 months back, when they had financial woes, at 4.25p, if you had purchased £25k worth then, you would now be worth £1 million, that’s a fact, no buying and selling, just holding with faith, £1 million, wow.

That’s 31k ounces for the 1st 6 months at $1300 an ounce ($40 million income before costs) not 61k ounces, misprint I thinks Shinfalls, the second half of the year will get even better, say 35k ounces would be very obtainable with a little BIOX improvement, at $1500 an ounce ($52.5 million income before costs) that would be $92.5 million for the year, huge improvement over last year, where our share price was over 3p, are we cheap? Cheap as chips, not for long though, news DB please

Well said CV, patience is a virtue, you just know you should be buying more, but, what if it all goes smelly, well ask yourself 3 questions. 1. Is gold going down in value? 2. If the banks didn’t repossess at $1100 dollar gold and we missed payments, is it likely they would at $1500 dollar gold and payments possible? 3. Are we producing less gold at each quarter report? If you agree the answers are NO, then relax and wait, or maximise the opportunity and fill your boots.