Member Info for Sakura7

Apologies conman that response was meant for “cuckold”

The answer to your question “conman” is I invested because I think there is an opportunity to make money . Is there another reason. I am disappointed I have made very little in the last 9 months in the face of a rising gold price but I still consider La India to be a valuable asset and expect the share price to be higher by the end of the year.

Less sexism on this board please

Conman I now treat things DB says as the view of the optimist. I will be pleasantly surprised if he announces a shovel ready acquisition by the end of H1 as indicated. I would rather be rich and wrong than right and poor. So I hope your unwavering faith in his words is justified

Lee - I think the point is that Abra has been presented as the long term future of this company. Maybe it is. If that remains the case all well and good. If not because of foreseeable local issues then these representations should have been caveated .

I was a big fan of DB’s way of presenting information - he always seemed straightforward- but if Abra is a no go, like Dupax , then I will be less of a fan

The trouble is Lee that the communications from the company are so poor that information from this board tends to be more reliable. If you recall we found out about the problems with Dupax thanks to posters here and it took weeks for the board to acknowledge problems

Glad you are now acknowledging the team Cuckold. Much better

I agree EL. There is a lot of hero worship. Please everyone bear in mind that he is doing the job he is paid to. Building a mine on time and on budget etc. Also he is not doing this on his own. There is a team. Insofar as there are heros we have no idea who the hero’s are within the team. (I do not even know how much time DB is in Nicaragua)

On the odd occasion companies I ran had big successes I really did not deserve the credit. As a ceo I considered my principal job was to bring out the best in my team and not f…k things up

EL - my thoughts entirely. Gold loans? Some sort of joint venture with Equinox initially ?

Is it inconceivable that MTL could acquire Equinox’s interests in Nicaragua ?

I bought £140K at 8 am yesterday morning. Not necessarily perfect timing but at least it was not going to be Armageddon this week. The rest I will wait until there is good news or we see an upward trend in the gold price. Of course I should probably buy more now but the world is a crazy place

I thought the intelligence services - Tulsi Gabbard - said they had not restarted a nuclear weapons program

https://www.washingtonpost.com/video/politics/gabbard-iran-did-not-restart-nuclear-weapons-program/2025/06/19/39a5034f-5473-43f6-9535-252135e14a6f_video.html

Treat Trump propaganda with caution

Accipter these figures are hotly disputed by some impartial western observers.

In due course we are all of this view Lee- but I was addressing the issue of whether there might be reasons for a lower share price today. We could face a liquidity crisis or a short term drop in gold which moderates behaviour. I have another £500k to move into MTL but I am not going to buy until I have a better idea of what the orange lunatic is going to do. I cannot believe I am the only cautious investor at the moment. ( Sorry Simms I know you are a Trump fan)

Simms you say “no reason” but the world is on the brink. Trump is threatening war crimes. The straits are mostly closed. Escalation in the Middle East could further impact, power, chemicals and desalination . The ten year treasury yield is up. The market is betting on interest rises ( I don’t agree but that is the general view). Gold has dropped from its peak. To say there is “no reason” why our share price is in the doldrums implies a narrow reading of where we are!

Major I agree with you. We do need diverse views. I am as heavily invested as most on this board. But I do welcome alternative perspectives and dont like the constant praising of DB as if he has an extra gland or something.

Group thinks is dangerous. An example (and at the risk of boring people by repeating a story I put on this board a couple of years ago): Synairgen is a company spun out of Southampton Uni which was on AIM and which had a big following on this site. It had a product for treating respiratory viral infections. By a complete coincidence I worked on the same product in the 1980s for treating viral disease and I knew it was not commercially viable. Synarigen's price increased in value into the hundreds of millions in the expectation that clinical trials would be successful. The board seemed universally to think they were all going to make fortunes. In the white heat of covid people literally put their life savings into it.

I tried to warn people that this was not straightforward and that in my hands the product had not really worked. I tried to tell people of my experience. Literally nobody was interested in my opinion. I was hit with an onslaught of abuse. I was a "deramper. I was a "sad old woman with no husband " (not true). I was "a fantasist." People kept praising the CEO who had previously been successful and would not be doing this if it did not work! He must know more than me so I must be making the whole thing up.

The product failed people. The share price dropped from 350 ish to a penny and then it was taken private. People lost everything. Group think and greed were their downfall.

I do not see problems with MTL but I shall not be ignoring those who poke and question and I would be grateful if they are not insulted.

I expect new investors are nervous to put money into this sort of company until the gold price settles a bit and the direction of travel is known. Moreover December is a way off so many will just be keeping an eye on the share price for now and will only invest when we start climbing the foothills of the Laffer curve. Notwithstanding my observations on communications, I am still fully invested and consider this a splendid buying opportunity at this price.

Cuckold the two things are not mutually incompatible. I have chaired CEOs who have definitely been salespeople. Some consider this a strength. My approach to corporate like has always been “I want to hear about the problems not about how great we are”

Lee - I disagree. I suggested the 50% was rather arbitrary and was told by those who are more knowledgeable that these things are not arbitrary and will be defined. Also this is not a small thing that could have slipped his mind. And it is not the only discrepancy. We have been told we will have drill results which have then not appeared. Communications around Dupax have been poor. Like many CEOs Darren is a bit of a salesman and will often say things that suit the moment but are not rigorous .

So Darren said 50% complete on 16th Feb in the BR media presentation. As it turns out that was wildly inaccurate. Things he says need to be treated with caution it seems.

Sorry Aulinspired's message was at 21:35 on 16 Feb