Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pickedpeck
You actully get permissions to develop and progress the main asset (Clogau) BEFORE you start buying up slices of oil fields and patches of dirt in Greenland that come to nothing and result in catastrophic value destruction and......wait for it.........PLACINGS to support the consistent failure.
You 'obviously' process the low hanging fruit and send all concentrate from the waste tips off to be converted into GOLD and SOLD to help fund the re-opening of a simple, previously constructed MINE that required/requires NO blasting, digging, or major construction.
You walk past the walls and seams that are there for all to see and get a human to hold a drill and start MINING the rock for it to be crushed and sent off for processing.
You don't spend well over 5 years LYING about expected production start dates when you can't even get permission to rehouse some Refugee Bats and cuddle some Otters that may or may not be swimming about in the Jacuzzi ALBA provided for them when it emptied a hole in the ground at great expense and then watched it fill back up again within a few days.
ALBA Minerals, the only company that pays to drain a cave of water and ends up with MORE water in it when the lads knock off for the weekend. Take a Bow George.
And as the piece of useless kit that for some reason could only come from South Africa (that didn't work), you obviously weren't invested back then or you would know it was yet again.........a complete failure.
Never mind, only a QUARTER of the value of this dog-toffee company wiped out for less than £380k, I'm sure GF will get it right........This time.
Oh, raising money for business is easy if your plan makes sense to the investors. They expect a return and want to see the previous track record of the company in question. My boss has raised over £12 million to fund legal claims so he doesn't have to use company funds upfront, it wasn't difficult for him to do so because he has proof of concept, and those with deep pockets come back for more because strangely, they LIKE having returns on their investment with no requirement to lift a finger other than to sign a contract.
GF can't even lift an otter out of a hole without a placing.
No more from me to you mate, good luck setting fire to your cash (before GF does).
To those STILL fluffing this CEO and expecting a gold mine in Communist Wales to make any money for shareholders, give your heads a wobble. How many placings to empty a few buckets of water out of a hole only to watch it fill back up again because (surprise surprise) it rains in Wales during winter?
Not a single gram of gold sold and a supposed pile of waste that you could sift with a bucket and spade and STILL there's no RNS that has a £ sign in it. They bought a special piece of kit from South Africa a few years ago when they said they were starting production (how did that turn out?), it didn't even work and sort/shake as it was supposed to and looked like it was bolted together on an episode of Junior Scrapheap Challenge.
It's a gold mine, there's gold down there, it's already built, it was in production up until about 1998, it's in the UK and there's jewellers waiting to take the Welsh gold, but STILL they can't get a single gram of saleable gold out of an actual gold mine after more than 5 years of placings trying to do so.
Pathetic
Morning
Yes, the gold price is helping massively and I would hope DB will not go on a 'spree' with all this cash like a lot of other AIM CEOs (I don't believe he will). It's apparent to me that we are staying in the Phillippines, at least for the majority of our assets, so measured M&A deals that leave MTL with less risk and more reward should be the way to go. A few speculations here and there is to be expected (exploration projects), but the majority of deals will/should be with previously explored areas and with companies that are already set up/listed.
With the debt covenants removed, the balance sheet of MTL will start creeping up and the cash at bank will start catching up to or market capitalisation within 18 months or so (if the price didn't adjust with the growth in earnings we are now seeing). If it turns out that we have to pay RHL their 'interest', it isn't an issue as it's $1.9 million so it won't affect the company in any way other than peeing off DB, Candy et al.
RHL may then find themselves excluded from any future deals, so it really is cutting off the nose to spite the face if they want to get involved with any future expansions etc. $1.9 million really is a drop in the ocean at the minute so the sooner that itch is scratched we can close the book and move on.
I'm hoping DB builds up a large cash position as security while looking at M&A deals. Junior mining companies have a habit of massively over extending and coming unstuck so it would be nice to see one break the mould. No need for debt, no need for dilution, Runruno can fund whatever it is we need, and Abra will hopefully start adding to the coffers in 2025.
All the best
I've come to terms with the fact that this is just one of those slow burner stocks that will fly under the Radar and be ignored by the wider market for a while. Then at no particular point and based on no new information, it'll just fly up and drag in a lot of new investors/punters and also some additional institutional money.
The Abra project is key now, if they get a Co-op up and running with the 'artisanal' miners in that neck of the woods, the knowledge they have will benefit MTL as they will be able to access very high grades with very little outlay. There's a lot of knowledge that's been passed down through generations so listening to those who live there will certainly help us all financially.
After generating cash from the low volume/high profit gold strikes, the copper infrastructure can be put in place and hopefully MTL can create a copper mine with a 10 + year economic mine life. Naturally, other projects will be bought into, and other companies could possibly be in the crosshairs of MTL so the future certainly looks promising (on paper).
Q1 results will give us a boost I think, once the factual numbers are out there, the PE ratio alone will make this look exactly what it is, CHEAP.
All the best
This inane repetition of news that does NOTHING for ORCP (who are valued at the same price as a high street cafe) displays your complete delusion. It's DOWN another 10% today after a collapse in less than 3 days over well over half.
Any development of anything in and around Thar will involve Naheed bending over and taking whatever is offered (which won't be much). If any financial entity wanted what ORCP has it will simply buy up the shares and make a tiny offer for the entire company. Even if they offered a kebab and bottle of red as a dividend I'd vote YES as it would provide more value than anything NM has (hasn't) done.
Please join the real world and lay off the Hopium, the drugs don't work.........Just like Naheed.
Morning
Darren has made it very clear (at least to me anyway) that dividends are NOT going to be paid. He actually mentioned this in his most recent interview, he stated he prefers to grow the company and acquire new assets and head towards a $2 billion market capitalisation. Paying dividends when your only producing asset is in the end phase of production is ridiculous, it's blatant short-termism and won't benefit the company in any way long term.
A one off special dividend is about the best we could hope for, but a permanent dividend at this point in time is a no go (my opinion). I would LOVE dividends to be paid but not when our cash generator is in its last 3-4 years of production. Use the cash to get Abra up and running, and there's no doubt many more small/medium assets will be bought or farmed into over the rest of 2024.
As for the RHL Group disputing the debt, well, maybe they're correct, maybe they aren't, as shareholders, all we can do is let the company deal with it and if the legal advice is that we are correct, MTL will no doubt let a court decide. It would be preferrable if it can be sorted without a distracting legal claim, but what will be will be (DB reckons it'll be sorted short term based on his statement in the RNS so we shall see).
Onwards and upwards, we are effectively debt free now so the next RNS (apart from Q1 results) should be an M&A one of some description.
The market makers will now do their thing (up and down for no reason), but if you're here for the journey, it won't matter.
All the best
Sidcup
Investors who bought shares in ORCP and are concerned that they have just witnessed a blatant orchestrated pump and dump are now trolls soiling themselves because it's about to 'take off'................While at the same time the price on the day is down over 23%, so nigh on a QUARTER of the entire value of the company has been wiped out in less than 8 hours.
Onwards and upwards?? Are you being deliberately ridiculous or (more worryingly) do you actually believe that tripe? It's always going to be 'onwards and upwards' because any share purchase goes DOWNWARDS within a couple of days, EVERY time.
As the saying goes for tabbing around the Brecon Beacons, if you don't like the weather, just wait 5 minutes. In the case of ORCP, if you think Naheed is doing a good job and things are progressing towards a bonanza......Just wait 5 minutes, reality is on the train, and unlike Naheed, it's never late.
Yet another Naheed special I see, falsely run the price up to 'infer' something is going on. Then watch the usual posters putting out completely ridiculous media articles from PAK newspapers saying they want to produce their own energy so 'obviously' ORCP is about to be bought out by Shell and Rio Tinto for multi-billions.
The silence says it all (and the collapse in the price), it was/is a forward sold placing that the same posters will say is "out of the way now, finances are secured for Naheed's next nail Spa treatment......sorry......high level strategy forum with 'serious' players in the international energy realm, these boys aren't messing around, no Sir-ee, they mean business, keep going Naheed, we're all right behind you" (about 90% behind you in fact due to your consistent placings to achieve NOTHING).
What's that coming over the Hill is it a Placing, is it a Placiiiiiing.
Let's just wait and see what the next RNS says that will obviously be 'in the best interests of shareholders', when it isn't, wasn't and never has been.
Tick Tock
No more buying of FDM for me, it's now basically an AIM share that will bounce up and down on the whim of the market makers. The overheads for their London and international offices and the energy bills to run them are only going higher. The lack of recruitment over the past 2 years means those that they have on the books will be out of contract without the same number of replacements meaning a big hit to future revenues.
If I presided over a collapse in the value of my company, I would suspend ALL 'senior' staff share awards and inform all and sundry that management failure will not be rewarded. Companies are quick to FAIL and then stop dividends to shareholders or drastically reduce them in a heartbeat. Maybe 'morals' and all the ESG piffle FDM and other companies promote doesn't actually stretch to doing the right thing. It's easy to write how 'ethical' and 'sustainable' you are, it's when it comes to proving it where the difficulties arise for these corporate vampires.
It'll bounce back up at some point (and then collapse again after the next results). The directors need to sell their free shares into spikes after all.
All the best if you stick in here, it's a great business model going stale on the sideboard due to mismanagement. Not really convinced they need a MASSIVE office in the most expensive commercial district of London on the bank of the Thames River, Slough Trading Estate anyone? Nice early bird discounted rent deals on offer.
Like all chart voodoo nonsense, it appears your chart was upside down. But it doesn't matter anyway, as the saying goes,
"I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer."
Think I'll stick to how much gold we produce and what we receive for selling it. Seems logical to me.
All the best
Yoglet
I suggest you change your employer if other people employed there believe PREM is a good investment, in any way, at all.
Unless you work for a Local Council or ANY department of the Civil Service, then it would make perfect sense.
All the best, choose your colleagues wisely, some chats around the water cooler can be hazardous to your wealth.
Hello, no nothing about this company, never heard of it, just spotted lots of activity in the chat so had a look in. Nigh on 200% up AFTER an RNS in this cesspit of a UK market. Well.....friggin.......Done. Enjoy your gains, hopefully it keeps climbing for you all.
Word of experience after having my backside handed to me more times than a new prison inmate in San Quentin, if you set a target when initially investing and this rise has hit it or surpassed it, TAKE your gains while you can, you may end up regretting it if you don't (EUA for example). The UK market is littered with the corpses of investors who thought it was 'only going one way'.
Nice to see someone making money, shows it can still be done.
All the best
Also, still baffled as to how taking the share price from over £11.00 per share to £3.45 in less than 18 months warrants the 'award' of free matching shares and other incentives for the very same people who presided over the failure.
Nice work if you can get it.
Not any longer it isn't. Terrible results seeing as though they pretty much stopped recruiting new trainees for most of the end of 2022 and into 2023. Those still earning will soon be out of contract and free to leave for better paid roles now they have a couple of years experience in post (FDM take a large proportion of the salary allocated to the consultants they place for 2 years).
The basic EPS were up 17% for 2023 however the Directors and management continue to disgracefully award THEMSELVES generous free share packages for their 'performance', which must have an activation hurdle so low that a Dwarf with no legs could get over it with ease. After taking into account all the 'performance share awards' for management and staff, the EPS is actually down -12%.
The outlook for 2024 is there in black and white, group revenues are expected to be materially lower than initially estimated for 2024. Maybe they could ask one of their 'well trained' Business Analysts they send to other companies why the management who employ them can't get their OWN business to work?
Just a thought.
His performance at ARC (just look over on the chat board) has been atrocious. It's very easy to gain 'experience' when you are firmly in the revolving door Brigade. As a Chairman he won't be very much involved with the day to day running of the company, particularly seeing as though he's sitting in First Class on the AIM Gravy Train with multiple 'part time' extremely well remunerated Directorships/Chairmanships.
The only positive thing from that RNS is that for his free shares to be exercisable, the VWAP in the 30 days prior needs to be over 143% higher than on the day of his appointment. So if you are holding shares today, they will be nigh on 1.5 times higher when our new Chairman is able to cash in his first batch of free shares.
It's nothing but a revolving door at the top of these companies, success/failure, matters not, they will simply be 'recycled' into another company if and when they choose. Doesn't really matter to me who the Chairman is, it's Darren who holds the tiller so MTL is a good place to be while he does. I'll give the new fella time to see if he brings any connections that are helpful to MTL. Let's just hope we predominantly stick to GOLD and don't go off looking at dirt piles in Africa with 'potential'.
All the best
They will have to adjust their valuations very soon as debt will be completely paid off within 2 months max:
'Net debt as at 31 December 2023 was US$19.9 million'.
Marching through record gold prices debt free means even accounting for the reduced ounces from Runruno, MTL will be offsetting a lot of the lost ounces with nigh on $200 per ounce more income from the ounces they do sell.
If we are lucky and gold holds above $2150 for most of the year, between 70-75k ounces recovered and sold would provide considerable free cash flow for further acquisitions.
See where we are when the wider market starts seeing what a debt free gold producer can earn in just one quarter.
All the best
Disgusting from Prem, and particularly their in-house cheerleaders deceitfully posting tripe on here while the plant is NOT producing over 1 YEAR after it was built. It's still rammed full of contaminated waste, they have 'apparently' achieved an unspecified amount of SC6 yesterday (but obviously nowhere near enough to fill bags for Canmax, who should be sorting out their claims for MORE missed deadlines right about now).
The easy to access top soil is inferior, so they now have to pay the mining contractor (dilution shares anyone) to start the expensive blasting and lower level digging to get some ore that 'might' be good enough to process into Canmax's SC6 economically. Oh, and there's the Legal Fees to consider because in true GR form, he can't keep a drunken Dwarf called Happy, happy, and instead prefers to engage in Legal disputes with anyone who enters a contract with PREM:
'however at this time there is a dispute between Stark and Premier pertaining to the Zulu Plant Performance.'
So there's more dilution right there to settle legal claims and no doubt pay off Stark 'when' they win a judgement.
But it's all fine, Snowking (a word pops in my head, rhymes with flat), pipes up stating LIES every now and then, particularly during an orchestrated PUMP to offload shares and clear the imminent placings (MANY more to come). So don't worry about the imminent threat to the solvency of the company via legal disputes and no income to pay workers, dilutions are 'net positive' according to some of the blinkered fools who inhabit this board.
this company is POISON, trade it or lose it.
Magnum, please read the most recent Presidential Decree about the selling of PGMs, gold etc, you will find the payments must be made in ROUBLES, hence the reason POLY sold their entire Russian business. And in the words of Nesis, the POLY CEO during an interview, 'being listed in the UK and registered in Jersey makes it IMPOSSIBLE for us to sell our Russian mines'.
Whatever EUA do or (don't) sell as the case may be, it will be settled in Roubles before being exchanged for UK pounds, US dollars, or whatever currency the country uses where the end recipient shareholder resides.
Why would POLY, an actual world leading major mining company, want to receive Russian Roubles for all their mines when the exchange rate leaves them worse off after they swap currencies? Answer, because they HAD to deal in Roubles, which is what the government of Russia demanded and enacted in law.
That's all I have to say on the matter, and certainly all I have to say to you. Keep dreaming, and again, just for the hard of thinking, the EUA BoD stated they are in active discussions with parties based in HONG KONG and RUSSIA, not in INDIA, I say again, NOT in INDIA.
Sleep
The Q1 results are the most anticipated (by me personally) because of this excellent run in the price of gold. Could very well open up over $2200 per ounce Monday, $2188 atm.
Lots of free cash flow coming and the bank balance will swell rapidly as the debt disappears. I'm 'expecting' another acquisition announcement very soon, that cash will be put to good use I'm sure.
Have a good weekend, Ngannou to shock the world.