Member Info for Mikehr1991

Been truthful, we all know how this is going to play out in the summer months. More than likely be range bound until we have la India producing then we will re rate sharply. So I’m prepared to stick by as I have done for last 3 years or so. No point in moaning, surely we can all see this by now? Not even negative, unless anything drastic happens we are nailed on for a hefty rise is sp, we just have to wait a little while. It’s coming though.

We almost touched 20p in January, and we are over 50 percent through the construction phase now. Each day the risk reduces. So what stage will we need to hit to initiate a jump in the sp? There’s lots of uncertainly right now about the price of gold, which I’m sure isn’t helping us. We’ve been drifting sideways for too long, but still up on the yearly chart (only just). Still could have done a lot worse mind.

To be honest I would have made a pretty penny if I had traded this like i tend to do, but I’ve held my core position, and I’m not going to mess with it now. I do feel a re rate could happen quick like it did last time, and if your out, you aint getting back in if your waiting for a drop. I’ve come this far, so looking forward to the next few years. No plans to sell next year, maybe wait for dividends and another mine to come to fruition the re evaluate.

Some great posters on this board, always find value in the posts here. Cheers guys and have a good weekend.

As per stocko, rns due this coming Thursday with regarding to q1 results.

The war has decimated all stocks. In fact Mtl has held up better than some of the others I hold. So never mind Mtl for the short term, there isn’t anywhere at the moment that’ll make you money, in hindsight the best we could do would’ve have been to sell out and hold cash for the foreseeable.

It’s been said time and time again, la India will be the reason for our re rate and it doesn’t happen until q4 at the earliest. Just sit tight, you’ve not lost anything until you sell. Do you think Darren, candy annd Mrs evans are panicking about day to day movement when there’s a major conflict. I doubt it. They have patience and nerve, which is one of the reason they are all millionaires

I understand the frustration here around the lack of updates but I think db and his team are old school and will let the numbers speak for themselves. If they was was putting out rns every week, it devalues the genuine updates, investors demand more and also get more concerned when the updates aren’t as frequent. There is value in scarcity remember. So when we do get updates I’m sure it’ll be well worth the wait and actually have purpose rather than pointless updates everyweek about things that are rather meaningless in the long run.

I’m well over invested here, and holding for the long term, why does it matter what the sp is at now if we’re all in it for 50p plus.

After all are you investors or day traders?

It is frustrating to see this up and down like the big dipper.

I’m not sure where we go from here upto production at la India. The market won’t price us properly until gold is out of the ground. I can personally struggling to push through 20p and see us trading sideways through out the year. It’s gonna be a long summer if so, and to be honest I think there’s probably better opportunities in the short term if you’re happy to take the risk and overcome the fomo. I’m still holding my million shares and won’t be selling as I’ve held on for so long, but can understand why some will jump ship in the mean time

Great week, majority of us LTH knew we would get a re rate soon enough. It wasn’t long ago the bedraggled was out when we was down in the 11s, how quickly things all change eh?

For what it’s worth I think 23p will be our next sticking point. I really hope we can smash through 20p next week IF we get some good news on top of runo results.

As always metals is hard to predict, and it doesn’t follow the pattern of other miners climbing in a nice steady pattern, it seems to consolidate with fluctuations around that price (around 13p for the last 6 months) and takes off from there.

What I am incredibly confident in is that we will almost certainly x2 within a year from now. Easy money really. I’m basically all in here with everything I have ever saved from my working life or made from the market. Might be stupid but I can’t think of anywhere better to put my money right now.

Have a good weekend all

This definately feels like we are coiling up for a nice re rate here in the coming weeks. I’m saving a bit cash just incase we decide to drop again on results as we sometimes do but I can’t see that happening. Let’s put dupax aside for now, our results from runruno will be Stirling and I’m sure Darren will have some more positive news on la India to keep us ticking up. It’s so easy to make money here, all you have to do is hold onto your shares.

No, from sunny North Yorkshire :)

I suspect these cases are happening over all the country daily now, which is a shame but it’s the modern world, the big boys will always get what they want, money talks after all.

Have a good weekend all

Lots of weak hands on here. This is the stock market chaps, prices are up and down, so I suggest if you cant handle the volatility or set backs maybe put your money into a regular saver and get 3% return.

It dowsnt come as a surprise that there are protestors at dupax. Only the same as when they was fracking in my local area years ago and the protestors built a camp outside for a year. Or the 200 houses that have just been passed in my small village, even though the council rejected the plans, barratt went to national planning committee and got it passed. How about hs2 as well. All these major projects have set backs, but if it’s in the interest of the government (dupax is) then it will ultimately happen whether the locals like it or not.

It’s so funny to read the comments. All you need is a little patience, just remember all the huge buyers we’ve have in the last 8 months at these levels. No wonder lots of folk lose money on the stock market. If you chaps want to trade then this is not the stock. But the trend is your friend, we’ve not dropped below 200 day sma in 2 years or more, now that’s the sign of a multi bagger

Frustrating when we form some Momentum and get pegged right back down.

I also think it’s safe to say we won’t be receiving dupax news until issues with locals are solved. Although it would be nice finding out from the team instead of some crappy news source. Maybe they were hoping it would be kept under wraps and no one would see it? Long term I don’t think we’ve got a concern, if there’s previous metals in the ground with good grades, Dupax will happen. Same happens in the uk with ninbys, eventually these significant developments happen anyway.

And just like that we bounce off the 200 day sma and everyone is in happy land again! Fickle bunch you lot 😂!

Seriously, it does show that you do have to hold your nerve on big pull backs though, been in the stock market is a mental game more than anything. There’s a good book by Tom hougard called best loser wins, all about the psychology of trading, quite a good read.

Anyway, I’m glad to see everyone happy again, and long may metals continue to rise! There’s been some good contributions to this board recently that I’ve enjoyed reading.

Sitting on a million shares and seriously over exposed every penny that I have spare I’ve put into Mtl upto now, and I dont plan on trimming anytime soon :)

The markets are so un settled at the moment, our government actually seem determined to scare people off investing and ruin the economy by doom mongering 24/7. The markets are so un settled, we need stability and confidence in the markets. Long term it’s all good, gold value is only going one way, aslong as cash keeps getting printed like it’s going out of fashion we will do just fine.

Patience is all that’s required here, it’s been said before, can’t expect to have rises like we did in the summer each month. We will get there slowly but surely literally the best thing to do is nothing but sit tight and come back in a years time

Could well be as we are very close to the 200 day sma, I wouldn’t expect us to drop much below.

Funny as everyone turns into Debbie downers when we’ve seen a red streak, granted it’s took a lot longer here that other boards I’ve been on.

Darren will see us right I have no doubts, what he has done so far is nothing short of excellence

This is nothing out of the ordinary, I’ve been through similar drops several times over now in the last 3 years or so. All stocks have pull backs, they are just exaggerated with aim miners. I doubt dupax was priced in before at 15p, so genuinely don’t think it’s that. Even if nothing comes from dupax we wil be multiples higher, with loads of spare cash to invest into other projects. Don’t forget abra aswel. Just keep level headed and buy more if funds allow. And if you can’t take the volatility maybe think about putting money into a regular saver. Can’t forget about the huge buying we had at higher levels. I’m all in.

I topped up this afternoon at 11.69. Crazy price. The 200 day sma is at 10.22, and we’ve not dropped below that for a few years now. Classic sign of a multi bagger but wouldn’t be surprised if we visited that level and had a big bounce. Unless your a trader doesn’t really matter what the day to day price is, just check back in a few years m and you’ll be laughing.

Just got to ignore the short term noise. Remember why you are invested here in the first place, and don’t forget that drachs was buying massive amounts around these levels and highe not long back.

Easy to forget the bigges picture when drops like this occur. I’ve been through 50 percent pull backs with my to as I’m sure many here have. . As always patience pays off.

Hopefully this finds its feet soon. Worse scenario is we bounce off the 200d ma which is something we’ve respected since Oct 2023. Let’s see what the gold price does over the next few weeks, still irrelevant in the bigger picture but never nice to see profits dwindle day by day.

Let’s hope the team get these much needed/anticipated dupax results to the public soon

If trump does impose some sort of tariff on Nicaragua I wonder what impact this would have on our numbers?

Say if gold prices held up for 26 & 27, it’s still far higher than most anticipated. It will be great when we have 2 mines running, least we won’t have all our eggs in one basket so to speak, was less risk involved then, just need to get to that point first.

Appreciate everyone has different timescales and targets. For me this is a strong hold for the next 5 years, who knows what the price will be, and I think I’ll always have some holding in Mtl if they pay a divi.

Hopefully you get your 40p soon enough and can sleep easy after that, holding aim miners is not one for the faint hearted.

Thankfully I’ve been buying since 2p mark, however I’ve upped my steak significantly more recently so sitting on an average just under 10p now. Even for the traders this should be an easy play buying at these levels, can make a quick 5-10 percent no bother even with the big spread. No brainer for me which ever was you want to play it.

I enjoy to read this board daily, although I don’t post that often. Cheers all and don’t forget, we will be twice as rich in a years time :)