Member Info for LiqMyAce

Sakura - Historically we have always tended to drift lower between quarterly results. In addition, recent news flow has mainly been bad. Personally, unless Dupax is spectacular, I don't expect a great deal of increase in the price until maybe the end of January. Things should start moving quickly with La India from end of January onwards. We just have to suck it up for now.

Welcome aboard pj70 - Registration is required, but you will find a lot of MTL papers here: https://research.hannam.partners/open/a602f547-6073-434a-8e02-32f0d9fcf6e4/MTL_29_20250806_Dupax%20and%20plant%20.pdf

The complete drilling program was scheduled to last 6 to 8 weeks. However, we don't know the impact, in terms of lost time, that the protestors caused.

We are waiting for Dupax drilling results first. La India drilling is ongoing for the next few years, not sure when results are expected.

Somebody is selling a lot of stock and has been doing so for a few months. We will not regain positive momentum until we get a string of positive news. Lately, most of the news has been bad!

LTH - Quarterly Update to 30 September 2025

Dupax Project

The Dupax exploration licence was issued in August 2025. Upon grant of the licence, the Company immediately undertook an Induced Polarisation ("IP") ground geophysics survey. The results of this survey have been interpreted and the follow-up 2,500 metre drill programme has been amended according to the targets which the survey outlined. The IP results confirmed that the first two drill holes were drilled off the main mineralised structure.

Drilling results from this programme will be announced when they become available.

LTH- Good post, I can wait for results, but DB could have said something in the RNS about the actual progress of the drilling, rather than just saying it's stopped/delayed.

For the first time in over a decade of owning this stock I feel the company has not been honest with us and has let us down. On the last Crux interview (6th October) DB said at Dupax "the drills are turning". Considering the whole program was supposed to be 6 to 8 weeks, we should have had some early results by now. We know we have had problems with protestors and we have just had a serious typhoon go through. Notwithstanding these, we should have been updated on the Dupax drilling. Darren, you are a very busy man but I don't like this at all, you are better than that!

Freefaller - I'm pretty sure the major shareholders do have an exit plan, which will either include a company sale or a FTSE 250 listing. Before this happens, we could see a dividend paid in 2028 or later, to goose up the process. Whatever happens, the next two years are going to be good and should encourage those in the know to hold for multiples of today's price ahead. GLTY

DB has already said no dividends before 2028 and I agree with him. Cash generated now will be used to grow the company.

They were drilling around 6th October, clearly progress has been impacted and has introduced a delay.

The first two holes were blank, they were drilled before they got the geology scans back and missed the ore body. Gold at the surface does not mean Gold immediately below. They estimated where to drill the first holes and got it wrong. Happens all the time with exploration. The drill plan has been adjusted according to the geology scan and I expect they will be seeing better results. Exploration is an area where DB has always been conservative, don't expect an announcement until he is sure. But on the other hand he is building the southern access road to Runruno and he does not like wasting money :)

According to CHATGPT

70k oz production $3500 gold

Valuation 28p a share

140k oz production $3500 gold

Valuation 66p a share

Based on 8 times FCF + cash in hand

The Japanese are a nation of savers. Their savings to GDP ratio is almost 30%. Whereas the USA has a ratio of minus 3% of GDP. Therefore the Japanese can afford their debt as it's covered by public wealth, where the USA can not. The UK is in a much stronger position than the USA with a ration of 17%. This is one of the reasons why the USD is coming under pressure. It will not become valueless but it will continue to lose it's purchasing power as it has done for the last hundred years.

Slip - Not sure that La India has a working assay lab yet, so Dupax partial results will likely come first.

Still plenty of buying interest, just did a test sell and they will take 600,000 above the bid.

A bit of pyrite almost a kilometer down. Gulp, not great so far!

Gold reversed to the uptrend bang on support...https://invst.ly/1cypla

I was thinking "RNS" too, let's see!

Plenty of buying interest, I did a test sell and they would take 500,000 above the bid.