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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

Someone must be hedging bets for tomorrow. Otherwise is insider trading........which is good news, but no way to tell

No one said anyone was replacing one with the other entirely, and I am not sure where you got that from. Asset portfolios are shifting based on risk assessments, and Gold is included in that. China has cleared house of most of their US debt that they were holding, and other countries are reassessing their investments there. Certain ones, like Taiwan, probably cannot as they need to keep it there to try their best to continue getting US military support.

It's all relative my dear Major

A crash is wealth destruction though. Creating a new currency does not give it intrinsic value with no backing or faith behind it and cannot immediately fill the gap. Purchasing alternative currency is difficult with a collapsing currency, as doing so collapses your existing currency faster. Hence why gold is the failsafe for all of this. You can guarantee it will never be valueless (unless a giant meteor carrying 100 trillion tons of gold gracefully lands on the Earth)

Debt and financing of it is based on trust. I would be surprised to think anyone has the same faith in the US government and treasury bonds as they did before this government entered. Goldman Sachs are pulling back their risk appetite based on current government performance, so debt will be less attractive and their economy stagnates and inflation continues

The crypto plan seems like desperate hype attention rather than a solid plan. Why trade real gold for hype garbage, even if it is valuable?

As mentioned this is expected. I hope that this will present a further buying opportunity for anyone hoping to top up further.

Dilution bad, but Darren Bowden suddenly taking large stake in company means he is much more invested in its success and less likely to leave in the short to medium term which is what we want.

Showing me as £233m @ 8.75

Where did you get that info from?

I love that all these confused replies are in a thread called 'Let's be clear'

Maybe Major, but this is my take. 1980-1999 was post decoupling from gold standard, credit entering the mainstream market through credit card and equivalent services (Visa in its current service form in 1976, Mastercard in 1979 for example) as well as the rise in digital revolutionising banking and commerce. With huge wealth generation and printing of money to accompany it, backed by nothing except the belief in the financial establishment. Few crashes and corrections, government bailouts, but they haven't changed the same behaviour. So much money floating about that money is gradually reducing its value due to excess supply in the system. If there wasn't so much being hoarded by a few individuals, arguably this situation would be worse. As money loses value, assets are increasingly sought and value increases.

I can't see Gold reducing value any time soon unless a lot of money is suddenly removed from circulation and the relative currency value increases. I would argue that crypto delayed this effect somewhat, and is a perfect example of asset wealth storage for when money becomes worthless, because why would anyone buy crypto if money wasn't worthless?

I would also argue that China depreciating their currency for the last 30 years is in preparation for a huge swing the opposite way for when they gain the leverage to be top dog and shift from a manufacturing based economy increasingly to a service based one as well, which is already happening. The AI and Cloud computing space is the best example of this. If China's currency strengthens, the rest of the world's currency will weaken, and again drive the relative price of Gold up for anyone not dealing in RMB or HKD

Summary, Gold and assets in general are likely to keep and increase their value for some time, unless a lot of currency and/or people are suddenly removed from the world economy.

Metals Exploration PLC, ticker MTL