Member Info for LiqMyAce

@broom the market does not give a fair value for gold in the ground, also the dilution from the issue of new stock to fund needs to be factored in. Standing pat on the SP is OK with me. Plenty of events coming up this year that are sure to boost the price.

Found this on La Limon:

https://www.youtube.com/watch?v=d6JnXlUSAb8

Expect we will have a similar, but smaller, operation.

Pursuant to the Production Fee Deed, FCF would pay to RHL a production fee of US$164 per ounce of gold produced at the Runruno contract area on any production from 1 May 2024 that exceeds 204,269 ounces (being equal to approximately 105 per cent. of the current forecast for production from such date on the basis of the Group's life of mine plan for the Runruno mine) during the term of the agreement. Any such Production Fee that becomes due will be paid quarterly in arrears. The term of the Production Fee Deed commences upon the termination of the RCF and continues for an initial term of five years from the date of the agreement, and thereafter shall automatically be extended for successive two-year periods, unless there have been no active mining operations within the Runruno contract area during the last one year of the initial term or throughout such additional term, as applicable. Subject to obtaining the requisite Shareholder approval for the Buy Back, termination of the RCF would take place upon the purchase by the Company of the first tranche of the RHL Shares pursuant to the Buy Back Agreement.

Depends on the definition of the "Runruno Contract Mining Area" but I expect it would not include the Dupax Mining Area.

I would imagine so, seem to remember the agreement covered "Runruno" assets and not other assets.

I believe we are still flying below the radar of many, but the next 9 months should be epic. Expected upcoming announcements:

1) Purchase of process equipment for La India confirmed - Q1

2) Drilling commenced at Dupax followed by announcement of resources - Q2

3) Drilling commenced Abra - Q1

4) Resource annoucement Abra - Q3

5) Annual Report - Q2

6) Drilling commenced La India - Q1

7) Civils start at La India - Q2

8) Start process plant assembly at La India - Q4

9) Quarterly announcements of $25M free cash flow - quarterly

10) Prove up other targets at La India - throughout the year.

By the end of the year I expect people to start taking notice.

Don't you link the liquidity is low, considering the new money coming in?

I have 3 buys for a total of 1.7M that have not shown up yet from early this morning. Market maker is using deferred trades to hide his book methinks. Shares are in my account.

None of my trades are actually showing up yet, there were three very large trades. I expect the market maker has gone for "deferred publication" on these to hide his book.

It was me, having sold all my MTL and bought CNR. Today I invested the cash back into MTL. Net effect is +8% of stock to my original holding plus the CVR's. Was a risk but it paid off. I can relax now and wait for the company developments.

Https://theoakbloke.substack.com/p/mtl-lurgy you can subscribe for free

Welcome and good luck to you!

Agreed, share buy back when cash flow allows is best option...

@surrey forget the PE, just look at MTL's share price performance over the past 12 months and compare with CNR over the same period. That's the reason long term MTL holders are content and laugh at your silly negative remarks. You can bash us as much as you like but we don't really care.

Crux interview - Darren is targeting a FTSE listing in 2028!

Looks like the HL account is sorted now with all three elements: cash, CVR, and shares now showing up with correct valuations (CVR's valued at zero), just waiting for cash to land now.

On one of Darren's first presentations, when he joined the company I learned something. He said he did not like "Green Field" mining projects because they take fifteen years to permit, explore, fund, build and then pour. The beauty of the CNR acquisition is we have saved thirteen years on the process. I sympathize with ex CNR holders as they have taken all of the grief, but for a project like this you should expect to have to wait, if you can't wait you are investing in the wrong industry. I'm happy to wait two more years for this to take off.

@broom - You are contradicting yourself a bit here, one the hand hand you feel you got mugged, on the other you can't accept the increased value of MTL. Which is it?

Stock just landed in my HL accounts

So is it now just HL users waiting for the stock to land?

Biggest take away for me is Darren's belief in the Dupax resource. If Runruno LOM can be extended by 5 years+ we get a double whammy on cash flow!