Member Info for pedro61

We are getting very close,and the closer we get the less risk,we should be feeling bullish....Very,very bullish....You could take a microscope to any business and find risks,but when you get presented with an opportunity to buy at such a discount,and the management have a great track record,then a sensible and pragmatic analysis of the value and prospects of the company near term should be more important than cribbing and whinging,as some do on here....

The market is discounting this share on the risks involved. I do not think anybody thinks MTL do not have operational risks. The operational risks are receding as cash is made and deployed. The nearer we get the more the market should allow a lower discount. I invest as part of a portfolio,so risks are worth taking,as my investing is always on deeply discounted shares,and "safety in numbers" is usually true...This is very cheap,but the risks are receding and the pathway forwards looks good at these gold prices.

I thought this would drop,and I think this will bottom out,but, for the time being the risk of another hugely discounted placing like the last time they did it,must be priced in. Best to wait for the drop to finish,as the drop could continue for a while,and a much lower entry point would be beneficial....

Major. A lot of words used to say very little....why bother?

Nice rise,but, so much more upside for this cash rich company in a growth sector....I can see a multibag situation ahead....

This has doubled my money in a couple of months,as I expected. Time to take some profits?....That is the question that I need to ask myself....Maybe not yet?

Lee. We are ,but, the Whingers on here cannot see that,even though they have holdings....Or it could just be the case they just like Whinging!....We certainly can get a deal done,otherwise DB would not mention it....and he can get a great deal,as he did with CNR....A massively good deal for MTL holders.....Carry on DB,you are respected,not through words,but, by your actions.....and most long term holders are grateful for your actions....

Gold suffered because the expected path of interest rates went from cuts to increases,which is detrimental to continued inflows into the metal ,so investors sold. Gold was sold to balance the books in many cases. Momentum has been stalled rather than stopped. It is very hard to find safe places to hold wealth. My money is invested in agriculture and food commodities as safe havens,along with gold....

Pyramid schemes can run indefinitely,if investors continue to have trust,but, we all know they end up with tears...Trust is finite....

That is my question,if they control the currency then currency will need to be devalued to run the national deficit,will it not? Trust is finite in these circumstances...Trust is being eroded,and why gold has risen.

Major....how do the G7 manage to run deficits? How do continue to run up the debt levels?...When do they start balancing the books,and how do they do it? Printing presses will be doing overtime will they not?....What effect will all the extra printing have? I really would like your honest answers to these pertinent questions. Thank you in advance for your thoughts on these matters....

Major...You have called gold wrong over the last 12 months,why would you say that Lee,who has consistantly called gold higher is wrong.....Why suggest that some are using"chickens entrails" when you have called things wrong and others have been proved right?....Gold is much higher than when you started calling it to go lower,is it not?

Lee. Please continue to post sense and reasoning amid the sea of whinging on this board,and you may feel like you are beating your ahead against a brick wall,but to many who can see logic and do not post from historical grievances and sour grapes,your posts are illuminating and valuable in seeing the ultimate objectives and value in this share. Thanks for your input,your contributions are much valued.

When investors start talking about jurisdictional risk that does make me start thinking about the value being presented because when Investors have given a high discount because of this then,it affords a great opportunity to buy value. To balance risks investors should invest in other projects in other localities. a broad mix of risky locations does mitigate the risks in favour of the Investor. So for me the jurisdictional risk discount is a bonus,if i can get other holdings in similar risk profiles,as risk is then mitigated....

Yes, Condor did save MTL....Thank you!

The gold price has been instrumental,but, as a long term MTL investor,I can assure you without Darren this company would have folded and there would be no funding. That is all in the past ,but, not forgotten.....The future is what is important,and based on all fundamentals and a fair wind we are sailing into favourable conditions. You pay your money and you take your chances,but, the risk reward looks to be fantastic. Risk is there,but, the rewards more than justify.....with payback now in sight....Just a few short months and this will look like a monster investment....

Luck or good judgement,certainly we MTL shareholders were lucky,as with Darrens guidance we were given a get out of jail card,at the last moment. With his undoubted abilities and the assets we have acquired the future must be very bright......very bright indeed.....Thank you Darren....You did well!

Darren gets my vote,as it was a masterstroke to obtain CNR at such a low price,as can now be seen,without that we could have been in trouble,but, thanks to Darrens foresight in buying a future for this company,and at such a fortuitous and beneficial price,we now have a great future. There is not much more that he could have got right,as the big calls he gets totally spot on......

What do they know?....Something that we do not know,but,feel is likely?

I like this company as I have managed to time things to perfection and buy low and sell high. It is on my radar,but, is this the right time ,with so much recent selling?.....I feel this selling is a portent of another much discounted placing....Remember the last one?....It does tend to stick in the memory bank,as the discount was horrendous,and showed little respect for loyal shareholders.....A follow up discounted placing looks on the cards,and might explain the big selling?