Member Info for LiqMyAce

Jam - He lost his shirt investing too much in CNR at the wrong price and has now transferred his vitriol to us. He does not realize that most MTL long term holders are in the money and have no sympathy for him.

I agree with you, this amount of delayed reporting is odd.

Nobody knows the names of the institutions involved, but some analysts suggest the sale was intended to bail out bullion banks that held large short positions in gold. The “gold carry trade,” where banks borrowed and sold gold to invest in higher-yielding assets, was a common practice, and a rising gold price would have caused substantial losses.

Do you think the government does not know what its assets and liabilities are? If they do then they have a balance sheet. Gordon Brown selling the Gold had nothing to do with the existence of a government balance sheet. He sold the Gold to help prevent a major US financial institution from going under.

UK already has a balance sheet, In 2023, the UK's net worth was estimated to be £12.2 trillion, down from £12.7 trillion in 2022.

Broom - Yeap, they should start looking!

Topped up with a few more today, with cash I found down the back of the sofa, trade times 11:03 and 11:12

Nelly - Not really, the company has a first class relationship with the national government, I know there was a bit of friction with a local chief who was not asked to approve the drilling license. However, I believe this resource was given to MTL (via the acquisition), because it's known within national government to be a huge resource and they want MTL to exploit it because of MTL's community relations performance at Runruno. The small local issue will blow over, if it hasn't already. Darren didn't seem too worried about it, so there is no need for us to worry either.

Bowden highlighted that the immediate operationalization of exploration efforts will be vital to determining the full scope of Abra’s mineral wealth and confirm “what we believe may be one of the world’s biggest critical mineral reserve.”

https://www.philstar.com/business/2025/01/16/2414457/fcf-minerals-unlock-abras-mining-potential

@accipiter you are correct, they could be OTC or traded at some other venue that does not have a real time connection with the LSE. Ultimately, they have to go through the LSE to balance the books and record ownership.

Darren did mention it. Initially they thought they needed a bigger motor, but I'm pretty sure they said later that the existing motor would do the job. Either way it's a useful piece of kit that saves a long lead time and maybe $5 million.

They are "Off Exchange" trades that are put through late in the day or sometimes the following day. Just a delay in recording.

From the FT Baker Steel announcement 10th Feb - Metals Exploration Plc ("Metals Ex")

On 16 January 2025 Metals Ex reported in its quarterly update that it had produced 83,897 ounces of gold from its Runruno gold mine in the Philippines during 2024, generating record annual positive free cash flow of US$96.7 million. This strong performance allowed it to pay down the remainder of its debt and to buy back all the shares of its second largest shareholder during the year. Metals Ex has forecast production for 2025 of 70,000 - 75,000 ounces of gold at an All-In-Sustaining-Cost of between US$1,225 and US$1,325 per ounce of gold. Metals Ex also announced it has identified an exploration target called Dupax located approximately 20km southwest of the Runruno mine site. With the potential for 10Mt to 20Mt of ore, this could extend Runruno operations by several years beyond the currently modelled depletion of the existing Runruno mine in 2027

On 15 January 2025, Metals Ex completed the acquisition of Condor Gold plc, whose main project is the La India gold project in Nicaragua. Metals Ex's internal studies have suggested that La India could produce 145,000 ounces of gold from open pit and underground over a 12.4 year period. Initial capex of US$122 million can be covered by projected cashflows from Runruno with first production targeted by the end of 2026. The internal studies have estimated an NPV (6%) of US$882 million and an IRR of 54% using a gold price of US$2,500 per ounce.

AB - We have been trading in the range between 5p and 6p for the past six months. Obviously a lot of changes have occurred since December. With the overhang of ex CNR sellers, stock dilution plus the added upside of the CNR acquisition, I would say we are just about holding our own. I'm happy with that. 2025 will be a transformative year for our enlarged company, as progress is made on our stated plans then the share price will benefit.

Definition - "An online troll is someone who posts or comments online with the intention of upsetting others. Trolls may use offensive language, personal attacks, or other disruptive behavior to create conflict or get a reaction". - Sums you up nicely. I try not to engage with you too often because that is of no benefit to the forum.

I keep my eye on the comex gold inventory in Hong Kong. Usually, it averages around 1,000,000 oz. Right now it's sitting at 244,000 oz which is the lowest I have ever seen. So it seems that London is not the only place that's having available inventory snapped up. There is something going on that is feeding into the price that we are not aware of.

CGM - I don't think tariffs on Gold will make any difference as the company can sell the dore to anyone it wants, not necessarily the USA. Sanctions on Nicaragua would be more of a worry, but I think Trump has bigger fish to fry.

$2900 spot just broke, looks like $3,000 is a formality in coming months.

Lee - Just ignore him and continue posting in the manner that you always do, many on here do appreciate your insight. Trolls demand attention, without that they shrivel and die.

AB - It's simple, MTL is not on anyone's radar. You can see it in the shares volume, we have 2.5 billion shares issued, yet a small amount like 10 million shares traded in a day can move the price 5% either way. I have been involved in shares where the whole float has changed hands in a day when big news comes out.

To your other posts where you talk about risk, MTL stacks up well in most categories those being:

1) Mining sector risk

2) Financial stability risk

3) Production execution risk

4) Management ability risk

5) Mining reserves risk

6) Political environment risk

7) Profitability risk

8) Gold price risk

When measured against our peers we come out well against all of our peers.

Our problem is that most precious metals investors know nothing about us.

I'm betting that during the next 12 months this is going to change and is the reason why most LTH's are very loyal to the company.

Investing in AIM listed miners is a very risky business, but those that know MTL also know this company has far less risk than others.

I make no apologies about being bullish about MTL's prospects.