Metals Exploration Share Discussion Threads

[sparki2] 16/4/2024 15:02

Over the last 10 days there have been a number of £20k trades - if that is the full whack going into ISA's it feels like very good positioning!

[marmalade44] 12/4/2024 15:08

tomboyb - Shhhhh. Stop posting facts. You're upsetting the people who have sold out, just as the company became debt free, and missed out on... the inevitable!!

[tomboyb] 12/4/2024 14:54

GOLD going nutx -

[jailbird] 12/4/2024 11:25

I looked at market cap and deployment of cash for now , does not mean the story can change for me . I buy and sell according to my risk reward at the time If you are longer term than my initial intention , then take my posts as short termism opinions -:)

[marmalade44] 12/4/2024 11:11

Sorry to hear that jailbird. Which initial rise was that? The one from 0.5p to 1p? The one from 1p to 1.5p? The one from 1.5p to 2p? The one from 2p to 3p? The one from 3p to 5p? Or the one from 5p to 5.8p?

This is a company that has, for the previous 4 years, been steadily improving it's production processes, steadily improving it's balance sheet, winning in country awards for the way it is running it's business and increasing its share price by over 10 times where it was in January 2020.

What risks do you envisage?

[jailbird] 12/4/2024 10:32

I totally get that but then you must remain objective too and not blindly see the positives and ignore the risks or negatives Anyhow good luck with this I sold out on the initial rise

[johnybigarms] 12/4/2024 10:14

MTL is a success storey in progress, the fact that’s it’s still moderately unknown means it needs the prospects shouting out loud, it’s not ramping if it’s accurate, it’s letting others know what they may be missing.

[mattjos] 12/4/2024 09:36

perahps then you prefer to buy a share and post negatively about it?
I'd dont see why one would not naturally be a cheerlader for a company one is invested in

[jailbird] 12/4/2024 09:21

MattjosAlways at time for you But You need stay balanced .I notice when you buy a stock you go into ramp mode from all angles to charts , other related news .You did that at CPX , CNG in particular Even STCM has fallen away .

[mattjos] 12/4/2024 09:16

blimey ... damn near $2,400 / oz now.
What a cracking tailwind for the business & just as the debt is all now paid off.

[johnybigarms] 11/4/2024 16:57

Q1 results come out between the 2nd and 4th week of April

[tombarr] 11/4/2024 15:34

When is the next news expected?

[marmalade44] 10/4/2024 15:29

Interactive Investor and Hargreaves are nominee accounts for their retail customers. My shares are part of the Interactive Investor's 4% holding. 70% of the shares are held by three entities - Candy, Edwards and Baker Steel. 30% of shares are held by retail investors. The Financial Times quotez a free float of 693m shares.

[johnybigarms] 10/4/2024 13:23

There are 5 main holders holding 78% of the shares, Candy 46%, Edwards 19%, Interactive Investor 4% Baker Steel 5% and Hargreaves 4%
1 year old info but it will correct still.

[urchin1] 10/4/2024 13:16

Just done a dummy sell - was offered 0.05405p for T2 on 100k shares

[holism] 10/4/2024 09:39

Can someone please post the register of shareholders showing free float etc
Many thanks in advance

[nimrod22] 07/4/2024 22:26

There's an excellent article in Bloomb.... this evening "The Gold Market Hunts for Answers Behind Bullion’s Sudden Surge" which explores all the possible reasons for Golds rise, there are more than a few, but none really definitive.

[sparki2] 06/4/2024 13:44

Yes, all to play for here.Management, in the shape of Darren Boden and his team have got a big green light to execute their exciting expansion plans for the company by their achievement of the award winning safety record and the outstanding financial performance at Runruno.If, as The Aden Sisters predict, we are in the throes of the continuation of this strong Wave C (up-wave) in this bull market for gold the free cash flow generation is just going pile up and pile up into a very big pile!With its £100m market cap, that strong cash flow, the groundswell of excitement about the possible gold and copper grades at the Abra tenement, plus the additional M&A prospects, agile Institutional Investors will want to be aboard this fledgling as the growth story unfolds.Longer term, I for one, will not be betting against Darren Boden achieving his ambition of building MTL, as a regional player, into a $2b company (or was it £2b?) - perfectly happy with either! For the record, this does not actually imply a 100p share price, because some dilution should be expected, (but no problem with that because any dilution would be at significantly higher prices than today's price).My target price for this year is also 10p but exploration success could make this look very cheap indeed.GLAIMHO/DYOR

[johnybigarms] 06/4/2024 10:23

We should see 10p in the next 6 months, a mix of catching up to fair value and rising gold prices, when we get to grips with the quality and quantity of resources in the Abra tenement later in the year, if as good as expected, should light the touch paper, as it cements the long term future of the company, Darren Bowden has 100p a share ambitions, has made the comment that they can replicate Runruno anywhere as they now understand the complexity of the gold recovery process, and fine tuned it to perfection, they have exceeded design efficiency at Runruno over the last 2 years.
A market cap of £105 million is silly low when we expect to produce £140 million turnover and make £60 to £70 million free flow cash this year alone and 3 further years to bank just from our current reserves.
If the Abra tenement and other possible acquisitions show the promise expected, creating multiple incomes will be mind boggling.

[urchin1] 06/4/2024 09:22

Any guesstimates on where MTL share price may be in a few months ?THX in anticipation of a reply.

[mattjos] 05/4/2024 16:12

I'll re-post this courtesy of leehardcastle on other thread:

Gold is at all time highs

MTL is debt free and has been for 2 weeks

MTL is building savings at $1/4 million a day

Darren Bowden stated in Feb 2024 via an interview that we will not dilute or require further loans

4 years Runruno life of mine at 1.29g/t average making up to 80k ounce per annum

$1100 to $1150 dollars per once clear profit at current gold prices.

$90 million free flow cash generation per year at current prices

Abra tenement purchase for $1.6 million to take place in June

Small scale high grade mining plants on the Abra tenement is Darren’s Bowden’s fast route to additional incomes, costs around $10 million up and running in 1 to 2 years

Gold predicted to hit $2500 dollars this year

New Chairman is just that, the Chairman, employed for his mining experience, Darren Bowden runs MTL.

£200 million Market cap would be fair value for MTL in our current financial position.

£2000 million ambition stated by Darren Bowden, stating we are the number 1 mining firm in the Philippines, the “Bell of the ball”

[1hercule] 05/4/2024 16:03

Matt what is the mine life?

[mattjos] 05/4/2024 16:02

a complete irrelevance with Gold at these prices + he has not flipped the option shares - he has kept them