Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Ignore JMW Chilliboots, he just wants to buy back in cheaper, and there are always those that will sell on news. LTH and traders will be buying back in again very soon, support at 3.7p and next target is a minimum of 6.25p. (Longer term with future announcements on the Abra tenements that will be higher, as is the forecast for the future price of Gold.
For an idea where the price is headed in the next few weeks, check out this link from Zak Mir and help with technicals on MTL.
https://youtu.be/X9weO0aCSu8?si=kKlpv-zmy4hF0orh&t=314
Short term forecasts supports what all LTH already know, this stock is only going one way and that is back up. Technicals will be supported by the results, which are strong, and overall sentiment.
Congrats Mac and good luck to all long term holders and newbies alike. Might be hope for the rest of us then! Looks like the start of something really exciting with this stock, and glad to be in early at this low SP and market cap. Thanks as well to Lee Hardcastle and his regular up dates and research. Great chat board too, mostly supportive of the hard work being put in by the board and the results are starting to show in the SP. Volume has been steadily increasing in recent weeks as it is all too obvious we are at the start of the next global commodities super cycle. China have just bought, I believe, 17.5 tons of Gold? Demand will only increase, as will MTL SP.
Hi CK
I appreciate you clearing that one up! I was even wondering if you and JAdams were one and the same and had a schizo conversation on the go! haha. :) I only came to this stock around 6 months ago and have made £2k trading on the recent lows and highs. I am keeping the profit in here long term as I fully expect a re rate over the next 12 months and I will be adding more on any significant dips. I rarely post as busy with work, but JAdams incessant de ramping in the face of the facts is too hard to ignore, especially when his opinion is based on an old report and before changes to the recent political & global economic climate, which is pushing up the price of Gold and will continue to do so. I am also invested in two other gold miners, and they are all up over 11% this month and MTL up over 17% this month alone. The next 12 months looks extremely promising.
JH
I am not sure who you are refering to, but if that is aimed at me, water off a ducks back, and I'll be far from sad as the price of Gold increases, MTL continues to reduce debt and the SP continues to increase.
JH
DYOR
Are you even invested JAadams5000? If you are, then why are you de-ramping one of the best small stocks on AIM and if you are not invested, do everyone a favour, and take your opinions elsewhere and find another board to annoy please.
I will continue to buy on the dips and build up my tiny investment, which by the way is a LOT of money to me as I really believe that the current geo politics and world wide economy will continue to push up the price of Gold and most gold miners and explorers with it over the next few years. Especially those like MTL who are paying down debt and will be debt free in 6 months time. More than enough for the life of the current mine, and the net revenues will then allow MTL further exploration without taking on new debt. MTL are playing the long game. Solid management and good long term future.
Even if you are correct with your wafer thin cash, lower productions etc. The Hanman report was written before the current economic instability and the likely collapse of many stocks in the short term and a likely big shift towards commodoties and gold in particular as a safe haven. As the price of Gold continues to increase in the next few years, as forecasted, then the net profit for MTL will sky rocket. The cost to mine per ounce, even on lower production, lower grade etc does not increase but if say we reach $2,200 per ounce of Gold or even , dare I say $2,500 by the end of 2024, MTLs ability to continue clearing debts will continue. Based on the fragility of the World economy and Gold as a safe haven I can only see MTL's share price increasing as the demand for Gold increases by all the major Banks and Governments around the world. Solid MTL leadership, paying down of debt and a world economy moving in favour of Gold make this and other Gold stocks a strong buy for me . If MTL announce any further plans for drilling, as I suspect they will at some point in the next year, then this stock will multi bag without doubt.
Mentioning no names for fear of being reported again! I don't have the ample time that you seem to have to be on your soap box about unrelated Clon topics. Hence, I don't post, and I am not clued-up enough about Clon to offer any real views on here, and I prefer to see what others have to say about Clon in order to try and learn and make sound investment decisions. Your unrelated topics, at great length are, as I said, are tedious and unhelpful. I would rather read and learn from those in the know and do what little research I can, than be, as on so many boards, disruptive, or a ramper/de-ramper .
Give it a rest. No one is in the least bit interested. If you have anything to say about Clon then I would be happy to hear your thoughts. All this tripe about overpaid GP salaries is mind numbingly tedious. However they are paid!
Hi Lee, a long term hold for me too and expecting great things in the future as debt is paid down and rerate on any future positive exploration updates.
I am not worried about the price taking a breather, as it allows the opportunity to keep topping up and the majority of stocks across Aim are down this week not just MTL.
Gold is a safe haven in volatile times, always has been and always will be.
Ronnie H
You keep talking about the life of the mine, without giving any context. For those who have not read the exploration notes on MTL website, here they are.
Malilibeg South: Immediately south of the Runruno gold deposit, Malilibeg South Inferred Resource of 7.55 Mt @ 1.40 g/t Au & 0.12 % Mo for 0.34 Moz Au and 19.98 Mlb Mo was certified in 2013. Mineralisation is open to extension particularly towards the south. Additional high-grade blocks amenable to underground mining could be the catalyst for this deposit to take-off and thus extend the Runruno life-of-mine.
The life of the mine is not necessarily finite or ended in 3 years, which seems to be your none stop mantra.
MTL are not only producing and at massive profits, quarterly and paying down your so called "uncertain debts". ( Read the accounts ended 31 Dec 2022)
MTL are also exploring the Kori Kura prospect located just east of the Runruno gold deposit, and have also drilled, in 2022 the Bit-ang Area: with favourable results.
"A total of 109 diamond and reverse circulation drill holes aggregating to 10.5 km was approved to upgrade the resource confidence and extend the mine life."
I repeat, extend the life of the mine.
Please stop with the lie that the mine is limited to a life of 3 years.
JH
Lol. TT. :)
Gold prices are taking an expected breather at the moment, but just look at the forecasts for the price over the next 10 years.
According to the latest long-term forecast, Gold price will hit $2,000 by the end of 2023 and then $2,500 by the end of 2025. Gold will rise to $3,000 within the year of 2028, $3,500 in 2029, $4,000 in 2030 and $5,000 in 2034.
I am glad MTL price is coming down, as I will be adding a lot more in the coming weeks and months.
Long term hold for me, with debt coming down, MTL looking at future mining licences and Gold price set to increase during current volatile economic period the price of MTL, long term is only going one way, and that will be back up.
I rarely post on here, but I am invested and read the threads on a daily basis and like everyone on here frustrated with ANGS most of the time and down on my investment big time, but Yanis recovery is heart warming and I can only concur that early screening is a lifesaver AND a no-brainer.
I lost my business partner and good friend of over 30 years to bowel cancer, and watching him slowly worsen and pass away was one of the toughest experiences of my life. When we first noticed his skin tone yellowing, we all said get down to the Doctors asap. He had never been to the GP for anything and had always been fit and well. By the time he finally realised that the recurring pains were worth the visit, it was inevitably too late.
If you receive a screening kit use it! It may well save your life.
Hope your recovery goes well Yanis and best wishes.
JH