Member Info for Smoothbrain

2 days ago I was surprised at the climb to 12p in 4 weeks, and we hit 14.5p today already. Fantastic, crazy run and lets hope the news we get is good to double down and preserve the momentum.

I will also echo the positive voices on the board, especially Lee, who has been instrumental to keeping the faith with MTL and Darren

This climb is bordering on insane. 50% share price increase in 4 weeks? I'm not complaining but such fantastic progress makes me wonder if I am missing something else. We do not have 3 sites generating gold yet.

We should wait to see July 9th. If no or few trade deals in effect then the world will get another big shock which will pump the reserve asset base.

It's exactly this debate which is why I asked the question. Seems I didn't miss any confirmations at least

Does MTL have the permit for Dupax confirmed yet? It has been talked about vaguely but I cannot recall a clear yes/no on it

Gold $4100 by December assuming Trump continues to do a poor job and the Canadian and EU trade deals falter multiple times which it currently is doing rather spectacularly for the reasons DDD highlighted earlier. All other geopolitical instability will simply push beyond this point.

Central banks will need gold as a reliable wealth intermediary until the market chaos settles. USD losing footing, US debt increasingly undesirable, Euro safe but struggling with US trade, RMB still not highly sought in western banking due to overt gov control, crypto generally fails banking criteria for stable wealth holding. This leaves gold as a traditional asset for them, otherwise we will see more banks and large firms move more into housing and land purchasing as the other main wealth stores for them (they already finance and hold business assets)

Thank you for clarifying

I wonder what the Newcrest statement referred to exactly, I struggled to understand what he was hinting at.

I don't see Iran picking a fight with the USA whilst Russia is kneecapped in Ukraine and China probably has said they would not back them with their military. They will wait for the bluster to blow over and rapidly rebuild with the assistance of their allies in exchange for oil security, and China will use this broad strategic failure of the USA and the west in general to emphasise itself as a better alternative

I have a few dividend shares for stable returns over the years and use them to funnel into other investments such as MTL. HSBA, Glencore, lloyds, anglo etc. Tried to time them all when they went low.

Why is HEX so interesting? Drachs into it?

Your maths is off by a factor of 10. 1% of 6.9 billion would be 69 million. TAM is not unreasonable considering the video production industry, the question is tapping it to drive interest and utilisation outside of bulk licensing to news and sports channels. That's the waiting game.

The software is actually decent and good to use through a browser if you have a go.

We touched 10, if only for a moment!

If someone can summarise the main meeting points here that would be wonderful for us that can't get out of work for it.

Thanks!

I think the biggest benefit MTL has on top of gold is the ability to expand into copper and zinc within the Philippines. Beyond the geography giving MTL more stability with regards to geopolitical pressures, Copper has a pretty consistent upwards trend in value for the last 15 years. Admittedly worth a lot less per unit, but demand for it is huge. It can become a robust stable earner (like iron for Rio or coal for Glencore) if development progresses well from the Philippines which has huge natural deposits of it.

Thanks Slippery, I caught that at the end too. Sounds like he is going for a post match discussion with the management team

Whoever is having that long back and forth with Darren has to be someone on this board

Interesting news is that places such as India who are traditionally large Gold consumers are switching to using Platinum in jewellery due to prices being so high. The other precious metal markets are now picking up and absorbing some of the hype, so the whole market is gaining. Worst case scenario we are in a precious metal bubble

Or excess FIAT supply collapses its relative value despite increasing number/volume of asset. Equities also can become valueless if companies or businesses collapse, as also happens. Gold is risk averse, so value growth is proportionately less for that, and the price inflates the more a risk averse asset is sought, as we are seeing in the world at the moment.

Buying MTL over Gold is currently a good move because we still live in a functioning society and despite fluctuations we hope that it will remain and we will capitalise. If our economy collapsed, then we should purchased Gold with the money we spent on shares. That is the calculated bet we took and hope we are right about.

If Trump flooded the market with Gold, then the rest of the world would flood it with dollars and crypto as retaliation and we would see an economic collapse the likes of which the world hasn't seen before. I would still hedge my bets on gold then in the long run

Magic 8 ball says maybe

That's the traditional AIM story. Finding the one that stands out is the difficulty