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A sneaky .25p Divi would help come on Daza
Now on a PE ratio of 0.9.
For a company with no debt, cash in the bank and a built in increase on profits next year due to the rampant gold price, I would suggest it is a tad cheap. I know the mine life is limited but 0.9 is overdoing it.
Over $1300 dollars an ounce profit at current gold pricing, the 3 to 4 year gold reserves at Runrumo will generate without expansion from aquisitions a minimum $300 to $400 million clear profit before tax, cash already in the bank with no debt and $300 million to date spent to achieve our current position, yet we currently are valued as a company at $100 million market cap?
Coiled spring is an understatement, at some point it will achieve fair value, for me that’s about 10p today, MTL has to be the cheapest debt free gold miner in the world.
Soon as it gets back 6p again it's clear skies to over 10p then with further
acquisitions 14p eoy imho
Veey good entry point if you take a medium term view crazy sellers around here market makers must be loving it
The fact is that DB has clearly stated that the cash from current operations is being spent on exploration and development. I wouldnt expect any divis any time soon. On top of which DB has sold his own mining rights to MTL. Consider that MTL disclosed that in 2022 it was pursueing other mining opportunities in the Philippines. Yet it now has bought rights to Abra from its own CEO. Doesnt smell right.
A producing assets could be on the cards see last rns
plenty of cash available now to create huge value
Nothing to see here until the vote on the acquisition of Abra and then the Q2 results (which should be exceptional barring any unforseen downtime).
The seller(s) continue after every rise, which 'could' indicate Candy hasn't finished yet seeing as though he holds nigh on 3/4 of all issued shares in MTL. For those who continue to add more, lower prices are naturally better, but the market makers who set the price see everything before investors, so they move the price up and down in a way that makes THEM the most profit (good business strategy).
It would be nice if DB could put the debt debacle to bed once and for all and get them to agree to a settlement now, or just pay the rest of the interest and close the book on it.
Get the keys to Abra, exploit the low cost high grade Gold pockets and start getting a revenue stream in motion while Runruno is 'running' down. Looking forward to seeing the in-depth development plan with costings and timescales for Abra, the copper could be a long term earner once the infrastructure is in place.
All the best
Prices are down across the board today, including other gold stocks. The realisation of an imminent Labour government is not helping UK sentiment.
For MTL I am not convinced that Candy is the seller as pushing the price down does him no favour unless he is looking at buying us out on the cheap. i.e. circa 10p.
It seems likely that many of the new buyers of recent weeks and months anticipated the with zero debt and a massive income, MTL would provide a dividend, regular or even a one-off, and now without that bonus they have been selling.
I agree, DB now needs to get the promised June vote up and running as soon as possible, together with more meat on the bones of the company’s plans for Abra. Copper is at all time highs and the RNS of January suggests lots of both gold and copper in the newly acquired areas. Until potential investors see real evidence by way of numbers and time-scales the SP may drift for a while. GLA and stay invested. My average is still below1.5p and I am not for selling.
Dont agree the company just doing fine rakibg in the money
PE less than 1 if short sighted beer traders and the rest want to sell there t trades it won t be long before value is restored here imho
ATB
Accipiter - So you think Candy's are looking to buy us out on the cheap!!!
Back in December 2018 when the SP was 0.45p, the remaining 708m shares were therefore valued at £3.2m. So the major shareholders brought in Darren Bowden to turn the company around and paid, for arguments sake, £40m for the bank debt to refinance the company, which drove the SP up to 5.85p, so that they can later make a bid for the remaining 708m shares valued at £70.8m. That doesn't really look like good business.
CC. History of MTL suggests I font entirely trust Mr Candy. When there's no interest payments landing in his bank account he becomes dangerous to us.
So many talk with a forked tongue here
Candy owners 43% What fool said 70 %??
Significant shareholders
MTL (Luxembourg) Sarl 43.60%
Runruno Holdings Ltd 18.69%
Hargreaves Lansdown 5.70%
Interactive Investors 4.24%
Baker Steel Capital Managers LLP
3.93%
Last updated: 25 April 2024
Dusterinmong - MTL Lux owned 70% of the debt. Some"fools" are now incorrectly saying that is 70% of shares issued because it suits their narrative.
The two major shareholders now own 62.29% of the shares issued so it would be difficult for them to get an offer accepted.
Accipiter - There were no interest payments of note to them until the debt was rescheduled so how were they dangerous to us back then?
Yes agreed some will stoop so low to get back in cheaper jokers
I would like Darren and co to do a share split 10 for one then keep the penny punters into the long grass for goodgood
$300k a day is being banked every day, 60 days mining tomorrow will have generated $18 million clear, lets say the Candy and Edwards get their way and take $6 of that $18 million, $12 million is banked today and from today $9 million follows every month, that buys what ever we want and sacrificing short term satisfaction with dividend payments that would certainly help the shareprice today is worth sacrificing, Darren Bowden clarified 2024 is about expansion, maximising every $million to buy the best land bank or business on offer in the Philippines, I’m totally onboard with that, some may find that a long term approach not worth waiting for? so they move on, the fall in shareprice creates further selling and panic, but in the back ground MTL are creating and mining and expanding the business, these dips are 100% the right time to take advantage, wait for the tide to turn, which it will as MTL are transforming in 2024 with huge cash generation, aquisitions and company exposure will bring that in abundance with time, just keep your faith, buy the dips and let Darren Bowden take us to better places.
Lots of delayed buys orders been filled up we will prob go now?