Member Info for leehardcastle

We are extremely similar to AAZ, in terms of life of mine, gold output and extraction costs, they have a current share price that equates to £130 million market cap, which has been as low as £5 million 3 years back, when they had debts of $50 million and no answers, but they got financial backing and they have since paid the debts from gold production, proven new resources and paying a handsome dividend.
So with our current financial turbulence, we sit with a £13 million market cap, so that’s a tenth of AAZs, we have the same hurdles to cross, secure financial stability, fine tune efficiency, realise a few years gold from our proven resource to pay off the debts, start to pay the loyal shareholders a dividend and prove up surrounding resources to extend the life of mine, then we will have a £130 million market cap, 10 fold our current market cap gives us 6.5p.
It’s patience that’s required, very few will have it, those long term holders who are under water will do well to hold, just like the long term holders have with AAZ, who may make £2.00 a share with strong gold prices in the next year or two.
We have all the ingredients to succeed, 10 fold your investment isn’t a pipe dream, we are actually turning a profit? Tell me how many stocks on AIM are doing that, that profit will increase with each quarter and the debts will shrink, and the share price will ratchet up along the journey.

Sorry XTR, your still not getting that 0.5p, running out of time, bite the bullet and get them why they are cheap, Share Prophets are on my spam list, they need to clarify facts before they spout rumour, those paying for his advice should scrap their subscriptions, I bet there a a few here who will be out of pocket from that post, the good news is they are still super cheap, so come on and fill your boots boys, this RNS shows the banks want a deal

Sorry XTR, your still not getting that 0.5p, running out of time, bite the bullet and get them why they are cheap, Share Prophets are on my spam list, they need to clarify facts before they spout rumour, those paying for his advice should scrap their subscriptions, I bet there a a few here who will be out of pocket from that post, the good news is they are still super cheap, so come on and fill your boots boys, this RNS shows the banks want a deal

Great reviews of today’s AGM, thank you all, the SP article is confirmed 100% incorrect and totally manufactured, and it’s unfair to have spooked many an investor today, which is a real shame, the AGM should give us all a greater sense of just how good our new management are, totally transparent and we can be 100% sure they want to make this project work, remember, the banks want the same, they don’t want to own a mine, even if they could resell it, I don’t believe they can, it’s not a 1st choice for them, it’s value would be completely unknown, so a profitable gold mine is in their interest, so enabling MTL to achieve this is also in their interest, which is why I feel they will realise a repayment plan that’s viable.
I will expect either another extension or a last minute offer from the banks. I 100% believe the banks will not take control of this operation, it’s just too messy for them, with Gold prices rising and impressive management the banks will make us a refinance deal. Hold tight, good times are coming for the patient.

XTR I’m being quoted 0.86p for 1.5 million, so I think you have no chance, good luck

I would say so, but his article was written as it’s what I have heard on the street, like I’m only letting you know what I have heard, he not claiming it’s a fact, but a prediction he’s making from his whispers, it’s wrong but is it illegal? One thing for sure, his lost any credibility he had and those paying subscriptions for his advice should think again, he’s been rumbled.

We have the best CEO I have ever had experience with in any of my investments, his timing is always perfect, and his honesty shines through, negotiations are going to get a little easier when the gold price has jumped so much, and they know the fixes required to take us from 66% production to 85%, that’s the key, the previous management just didn’t know what to do to rectify the BIOX, and so lied to calm the market, I’m very confident this CEO has the skills to calm the banks anxiety and find the path for all invested to profit, lesson hear is the FACTS come from the company, they have never been a leaky ship, and ignore tipsters, they are all bent with hidden agendas

Thank you Darren Bowden, a swift response to settle the facts, ongoing negotiations with the banks and stable gold production, Share Prophets wants shooting, spouting lies

One fact instead of fiction, Gold now $1420, looking very bullish and a great opportunity for some serious income this coming quarter which ends next week, solid numbers will relax the banks anxiety.

You won’t see an RNS tomorrow because there is nothing to report, it’s a short scam, don’t fall for it, private investors are always the last to know, and recently we have had more buys than sells, so there are no one in the know with privileged information selling out, neither should we, the deal will come, we are just getting going and that’s plain for all to see, including the banks.

That’s great news, from the horses mouth and not some shorting scam, there won’t be an RNS in the morning, because there is nothing to report, I look forward to hearing what MTL have to tell us at the AGM, I on a speed awareness course tomorrow, so won’t be able to make it, but I look forward to hearing from you guys that can, cheers

Well if there isn’t one, then we can assume the news is fake, because MTL have to release price sensitive news, I’m sure the banks don’t want to take a hair cut on the loans, and the major shareholders want to continue with the project, especially now it’s making profits, I just think they need to agree to a payment plan, one where the banks get the loan repaid, and MTL can honour the payment plan from Gold sales, which has just gotten easier with the latest gold rush.
The AGM is tomorrow, so I’m sure we will get clarity on the facts, I doubt we will get an RNS in the morning because I believe negotiations will be settled by the 28th as that’s the agreed extension deadline, I’m sure hear say on the street that suspension was imminent would have set off selling well before we heard it tonight from Share Prophets, we will know more tomorrow than hear say tonight, that’s a fact.

No ones sold any shares today, so no offloading

I can’t see how that can be a fact, if it was, we would have had an RNS, the deadline isn’t reached, so I’m sceptical about his word on the street, thoughts anyone?

Any got access to his latest post? His headline is about the banks

The wind keeps blowing, Gold broke through the $1400 today, massive boost for us in this need for cash.

$1390 today and set to go much higher, USA looking fragile and growth coming to a standstill, all ripe for a gold rush. happy days ahead.

Think your wish is about to get blown out of the water very soon, we have 1 week to wait, it’s in my bones that the new deal will be struck, buying 0.75p is looking strong and expect to see it rise with gold rising, look at AAZ, hit 134p this morning, we will get our moment in the future, I have zero doubt.

$1380 as we speak, the wind is filling our sails, the banks will be very happy to see this trend, it’s timing is perfect .

As the Australian dollar continues to fall and with further declines expected, gold is attracting the attention of investors as it climbs to all-time highs and is predicted to continue soaring well beyond A$2,000 per ounce.
This morning, gold pushed past A$1,998/oz – only a whisker away from the A$2,000/oz resistance level.
However, analysts envisage the precious metal’s upward journey will continue to move above A$2,000/oz (US$1,370/oz), with Martin Place Securities executive chairman Barry Dawes telling Small Caps he believes the gold price could reach A$10,000/oz in the next decade.
Gold chart breakout USD June 2019
The gold chart in US dollars appears to breaking out of an ascending triangle pattern, often seen as a bullish move.
Since December last year the gold price has shot up more than 18% from A$1,657/oz to its current high.
Spurring the metal’s rise are increased buying from Asia and central banks, weakening global economic fundamentals and political uncertainty both within Australia and globally.
Speaking with Small Caps, Mr Dawes said the current rise indicated the next leg of the “great bull market” is about to unfold for the commodity.
Mr Dawes pointed to gold’s previous great bull market when it started from a low of around US$250/oz in 1999 and continued rising to reach a high of US$1,923 in 2011, before falling off.
Unlike now, the Australian dollar gold price was different in 2011 because the Australian dollar was above parity, so the Australian dollar gold price was below that of the US dollar gold price.
“This time, the Australian dollar has been weaker,” Mr Dawes said.
He added he anticipated the gold price will hit the A$2,000/oz resistance level possibly next week, but definitely at some stage during the September quarter.
“Gold is seasonally weak in May-July and tends to start to move higher in August. Gold is unseasonably strong now so it could do anything from here.”
These are analysts words, not mine, but it’s been my feeling for a long time in this seriously unsettled world, gold is always the default hedge bet, if we get a bull run that starts to hit the media, the run will get even more legs, and it’s the adrenaline shot MTL will be really happy to see, the effect cannot be underestimated, remember, the recent $100 increase in the POG per ounce is a 7% rise in its value, but after running costs of a mine are taken out, the effect more than doubles the profit margin, more like a 15% increase in profits, our ability to pay back debts gets much much easier.