Member Info for thelearner

EX CNR holder from 2017 - read here a lot - do not post often. I put most of the CNR cash in here but put some in GGP at 8p, where I already have a sizeable holding. After ASX listing I might switch that money back in here, but have some thoughts.

1. I always saw my CNR holding as high risk - due to being in Nicaragua - and always said I'd exit completely if I got the chance to get out with a decent profit - I am there now, and some ex CNR members might have decided it's time to take the profit and leave, and that might include JM/MC - who knows. For me - I have been delighted with everything I have seen here, and also over the years been reassured a bit as I have watched Calibre & B2G make rely good profits in Nicaragua. So for the moment staying here.

2. Runruno - sometimes when I read on here - some seem to be counting the produced ounces and profits before we have even got a permit to drill, let alone having never having put a drill in the ground and just going on soil samples? However like all SH - the sooner the drill goes in the ground the better - even if it's bad news - should not hold MTL back.

3. La India drilling - I am very confident the resource will be increased in Ni once the drilling exploration starts - hopefully we have drills in the ground already, although maybe drilling initially to confirm open pit locations.

4.DB seems very unhappy with the time required in the Phillipines to get permits and approvals - but as operating there already it's worth sticking at it, but hopefully long term when cash being generated at la India - possibly also has some acquisition targets similar to CNR - which was sold for a song - but I agree CNR would never have got any gold out of the ground, although this should have been achievable, much easier for MTL as they d not need to raise much finance to do this.

Ex CNR, very happy with how things are going here and happy to see drill going in ground again in Nic. I put some of the CNR cash in here at time of buyout but put £8K in GGP (my largest holding by far) at 8p. But have topped up £15K of this years ISA allowance here in last 2 weeks. Still think first pour CVR will pay out first but be nice if drill struck high grades. Buying the used but never really ran in anger mine processing equipment also smart move. Lets hope all those gold price forecasts prove to be correct.

Also they seem to be continuing with community support at La India as well - following on from the good work over the years

Seingred is merely quoting typical industry timelines from exploration to production. Like Seingred I was invested a long time in CNR, and really thought Jim Mellon would take a great resource into production, but he could not. Looks like MTL will and have managed to buy a barely used mining plant in Canada which will shorten greatly the time to production.

It is better to look at mines in the same country as examples to see how long it is from discovery to production - but this is impacted by lots of factors.

Continental Gold discovered the gold deposits in Buriticá between 2016 and 2019. The project started production, with construction completed and first gold pour achieved in the first half of 2020 - it's an underground mine.

La Colosa porphyry gold project was discovered in 2006. Production started in 2019.

Columbia mining can be quite complex - in 2023 the president said they would block mining projects which could potentially threated the aquifers supplying Columbian drinking water.

But none of this really matters. The price of gold/copper continues to increase. A junior explorer (lucky enough to find a commercial deposit) rarely manages to bring it to production on their own. Most need a JV partner who has all the expertise to get a discovery to production. The best way to shorten the timeline is if there is already an operating mine very close by and coming to the end of it's life.

But the lassonde curve is real. OMI look to have a very promising discovery here, are well funded now to continue exploration drilling. Just buckle up and enjoy the ride and try and jump off at the highest point.

I managed to exit with a small profit last time here, have held some through the large fall and bought some more recently. Would (like many) have had a v large profit if I had exited at the high. My average is about or just above where we are now. The thing I have learned but not really managed to put into practice is take profit.

Illegal mining is also a bit of a problem in Columbia - it's not a risk free environment for miners.

Why would the MTL share price be increasing post acquisition? I have accepted that we should see gains ìn sP once production start at La India and it is producing revenue.onesiaron

MTL in Indonesia still have limited production profile and revenue going forward. Yes they have bought the processing equipment for La India but it still has to be shipped to site and built and commissioned, and we have to build mine and start stockpiling ore.

In the short term what might increase SP is positive drilling results at La India increasing resource, or more likely same positive news from Indonnesia, increasing resource. Or rising gold price.

If you want quick term gains, sell and look for those elsewhere. Personally I will just wait. And hope MTL can start producing La India, we are now much closer to this than CNR ever got to.

Ex CNR - don't have as large a holding as some others here - but put half of my CNR cash back in here and the other half in GGP. I never doubted the quality of the assets at la India, but still sometimes worry about them being in Nicargua, but reassured given DB has S American experience and speaks the language. And other mining companies in Nic have made bucket loads of company building cash.

Very much agreed with the sentiments of CondorPilot post on 3rd March at 23.12.

So DB has bought a whole plant (hardly used) for $10m - outstanding I would say especially when CNR have a $6m SAG mill sitting on the shelf - not needed now and could be sold? Of course will also have the construction/commissioning costs to add but looks tremendous value - and will be built quickly.

What will be next news from Nic - drilling programme to expand resource? And start of the surface mine itself and stockpiling of ore prior to mine being ready for operation - nothing wrong with having a stockpile of ore.

looking forward to more news in future.

IM: SML; USOTC: SMCDY), a minerals production company, announced today the appointment of Philip Haydn-Slater as an independent Non-Executive Director. Haydn-Slater brings extensive experience in corporate finance and governance from his current and past roles, including his position as Non-Executive Chairman of Riverfort Global Opportunities PLC and previous directorships at RA International PLC, ADX Energy Ltd, and Sacgasco Ltd

This is from news on investing.com app

Seigred, Income from Nicaragua has helped Calibre grow and diversity outside of Nic.

Hoping MTL can follow the same path. Pity I chose CNR all those years ago and not Calibre, they have shown what can be done in NIC with good leadership and management. Last few years CNR burned money and achieved nothing.

Good to see DB has experience in South America and sees no need to employ Mark Child.

Updating on number of shares, so Nick Candy now owns 25.45% of company voting capital, Drachs Investments 12.41% and Jim Mellon 8.46% - so basically they can get anything voted through.

393.5 million shares in treasury

Just filter the 2 posters that are annoying you. I am ex CNR and new here - have posted a few times.

I bought some more MTL yesterday with CNR cash - as usual for me timing was off as it looks like we have some sellers now - maybe some of the larger CNR holders have decided to sell up and look for newer pastures.

Me happy to stay here and hopefully see La India into production.

I am sure that MTL CEO and directors have assessed the risks of Nicaragua sanctions from DT. Does not seem to impact other miners in Nic in the past, although definitely frightens off investors - but MTL don't need finance to build La India mine, and have wealthy SH who going by past history are willing to provide loans if required.

Just logged in to my HLA ISA just now.

MTL shares showing in there - fine

CNR showing a line for cash due from sale - amount is correct but cash probably take up to 114 days to arrive in account

CNR showing a line for CVR with a value of 11.1p per CVR

So think HL still have a bit of sorting out to do.

Pretty sure I'll be buying more MTL when I get the cash - depending on the SP.

I have no doubts about the amount of gold in the ground at La India and other acreage in NIC.

Had huge doubts at end about ability of CNR to build mine or achieve value from assets in sale. Have much less doubts about DB and MTL ability to get the mine built and producing.

Nicaragua - there is always risk politically - sanctions have hurt us before and could do again, but other miners have survived and grown through this is past.

MC/JM will not be squirming with embarrassment, but great to see MTL made very good use of CNR data room and have very quickly got their act together and are getting down to business with drilling and mine build, which I think will be very welcome news in Nic.

MTL now have a lot of work on the table, n Nic and hopefully Philippines, but now they are going to establish themselves in S America - and have more cash flow from 2027 onwards, I am sure they will be on the lookout for further opportunities in S America. JV's with junior explorers might be a good place to start.

Just checked HL. No MTL still showing CNR

I would like to see the back of MC but one thing he does have is important Nic contacts in and outside govt and in local community. DB may decide to use him as a consultant for a few months.

I had/have no intention of selling any of my MTL shares when they arrive in the account. But I have tried logging into HL twice in the last hr - and it just sticks at "portfolio loading" and I cannot access any of my investments in my ISA, which is very poor show. Looking forward to hearing more tomorrow.

I hope most of the drilling is to expand resource at la India - with minimal infill drilling to prove what we already know is there - but drilling will be shallow and quick. Be great to see progress on Mine build at La India as well. Hopefully MTL can build the required team quite quickly, and soon the locals will be working at La India.

MTL have to issue them, think by end of week. I imagine you will get email from broker. The info is in the agreement document.

So in my HL account showing £700 profit on my CNR holding. Should have £15.5K cash and just shy of 700K MTL shares by end of month. So luckier than some + possibly CVR's to come.

Just have to decide whether to put the cash or a portion of it back into MTL. We already are a little up on MTL SP from the offer price as well.

Good luck to all whatever you decide to do. Friday presentation from MTL will be interesting.

Me too - made my first posts on MTL board yesterday, I am luckier than many - I am about break even with the cash and MTL shares, and if we get paid CVR's will be in profit.

Not what I hoped for and I came here hoping to see mine built at La India and into production, but this was beyond MC and JM. I had many opportunities to exit with profit but never, hoping we'd see production.

First look at MTL - Darren Bowden has been transformational with them, lets hope he can grow MTL taking advantage of the really sweet deal he has negotiated buying CNR. I assume MTL and us still will own the SAG mill and hopefully it will b part of the new mine.

We are now at the stage where we need to patiently wait on the detailed plans from MTL on how they intend to build and start production at La India, how much it will cost, how long it will take, timeliness and production forecasts and AISC, and how it will all be financed.

MTL have a profitable but depleting resource. Hopefully they can extend production and find new resource.

I think MTL SP will increase, there might be a short term bounce post acquisition, but then a long period until production starts I Nic. Hopefully there will be funds for drilling and expanding resource while mine is being built as this will add value. I cannot see 10p in the short term but hope I am wrong.

Hello - moving over from CNR where I have been invested since 2017. Post infrequently but read a lot - like many frustrated at CNR - hoped to see a mine built and into production so now looking to Darren Bowden and MTL to get this done. Voted Yes like most people over at CNR. Might well reinvest some of the CNR cash in MTL.

However - the years have shown me that Nicaragua and sanctions don't go together very well - but has not stopped calibre becoming a very good high producer in Nic. Nic does bring a higher risk level to investment and I think if CNR's assets were in a less politically unstable country sale would have been easier, but there is plenty gold in the ground on CNR acreage so lets hope the drill does not take long until it's in the ground. Priority though must be mine build and starting production.

I was never averse to trucking ore to Calibre and doing a toll deal to bring in early cash, but deal could never be done by CNR. Looking forward to hearing DB's thoughts post takeover.