Metals Exploration Share Discussion Threads

[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

[jeanesy] 05/4/2024 16:01

Nice reversal this afternoon , probably to do with the surge in the POG .

[jedi k] 05/4/2024 14:50

6,600,000 shares issued at 0.0001 means he paid 660 quid for a current market value of 330K.

[jeanesy] 05/4/2024 09:28

1 million share buy. Nice :)
On reflection could have been a delayed trade from yesterday and probably a sell :(

[jeanesy] 04/4/2024 16:22

possibly some taking profits for end of tax year ?

[urchin1] 04/4/2024 16:07

Surprise fall!

[gary hindsight] 04/4/2024 10:12

Agree they report it based on trade price compared to bid / offer and sometimes they report wrong, happened to a trade I did yesterday but on balance they are probably more right than wrong. We will not know for sure.

[urchin1] 04/4/2024 10:10

Hold on for dear life!

[davr0s] 04/4/2024 09:47

They are not necessarily sells - it's just ADVFN reporting where the trade went through cf to the mid price

[gary hindsight] 04/4/2024 09:40

All the sells happening today meaning some people are taking their profits. That was my point it's still up despite all those sells

[davr0s] 04/4/2024 09:36

What profit taking - it's up 10% today?

[gary hindsight] 04/4/2024 09:31

Not surprising we are seeing some profit taking today after such a run but price is still up and holding well despite the sells

[farnesbarnes] 04/4/2024 09:23

We are 10% out of that base on gold, so I'd like to think technically it is a confirmed breakout already. Some back and fill to be expected? Either way, the bullish case for gold longer term seems rosy.

[mattjos] 03/4/2024 21:25

This is an Eleven Year Cup & Handle Pattern ... patterns of this size & duration result in extremely powerful upward moves once the breakout is confirmed.
Technical Traders the world over have been well aware of this pattern developing & Gold is traded the world over .. a lot of participants in this market will add significant strength to this move & leave most others scratching their heads as to why.
Gold ETFs actually show a decline in holdings! .... The Herd are not yet even on board with this move.
Minimum pattern completion target is still anther $400-$500 higher than today's new daily ATH close:



Let's hope it doesn't blow its load in a few weeks but keeps tickling along upwards through the rest of this year as the FED does its best/worst to keep the wheels on the cart going into the USA November election .. in so doing, MTL's cash war-chest will grow far faster and far bigger than most had even dreamt could be possible.

[gary hindsight] 03/4/2024 11:04

Well it beat my 5p target time frame by 8 months. Very consistent buying for several weeks now. Will be interesting to see if there is some institutional buying now but either buy the buying doesn't appear to letting up. Onwards and upwards. Trading update due in April and that will be an interesting read

[mattjos] 03/4/2024 10:46

£100m Mkt Cap!
That's the minimum Mkt Cap requirement for companies to be at before a lot of funds will consider investing.
Quite likely now that the buying may actually increase from here

[farnesbarnes] 02/4/2024 08:12

Surprised by the level toxicity to what was a cut and paste of fundamentally interesting article from a site which has good coverage. I've always found this bb respectfully insightful. It would be a shame to see it go the way of the Griffin bb.

[mattjos] 01/4/2024 21:04

7 year highs now but i believe there is still so much more to come & 5p should very shortly become the new floor.

I am expecting Gold to remain elevated through most of rest of this year as the FED tries to keep the party going into the USA election.
What happens after 5th November is anyone's guess - looks likely that even if they declare a 'winner' the 'loser' will cry foul and there'll be some kind of a legal drains-up.
All the time, several of the commodity owning and producing nations (that form much of the loose BRICS+ alliance) are clearly engaged in a financial war against the USA and 'the West' .... they can't win a shooting war but they can certainly seek to exploit our over indebtedness by forcing up inflation.

Should see Gold at $2,600'ish by Q3 & these sort of prices are going to act as a huge tailwind for MTL & the growth of its war chest now the debt shackles are gone.

[rolls razor] 01/4/2024 09:51

Thanks Marmalade my head was spinning !

[baddeal] 31/3/2024 23:44

lol, yep that's a lot of words to say that basically gold may go up or down. It's that useful insight which we all find very helpful....