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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Metal-Tech | MTT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 21.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 21.50 |
| Top Posts |
|---|
Posted at 14/11/2012 15:33 by luckyjonah Hi chaps - chased up one of my holdings (Selftrade) who curiously said that MTT had extended the tender offer date until 1st Nov. I guess as they delisted they could/can do what they like without telling anyone! So that's the reason for the delay - the good news is that supposedly the cash is expected with custodians on 16th and we get paid once that clears... ties in with battlebus2's comment anyway. |
Posted at 28/9/2012 15:37 by luckyjonah Pomp, I hope you have checked this properly cos that's not my understanding of it - it's an *Israeli* tax form, they will tax you 30% on the tender price unless you have completed the tax form correctly (there's nothing UK-specific about the form, you have to complete country of residence and all sorts of details unless you are Israeli). Also, the forms are mandatory for Depository Interest holders, which I'm told by the brokers is how MTT shares are held in nominee accounts.This info straight from 2 different brokers who forwarded details from the nomads/custodians. |
Posted at 30/8/2012 07:31 by pomp circumstance the problem as MTT see it isnt so much the winning, its then actually getting the money.It is quite temping to accept the 32p on 75% when it comes(in the next few dats hopefully) and keep a few for fun. |
Posted at 29/8/2012 23:56 by charlie Agree if we do not get at least 32p then I would keep the shares. Iscar (80% owned by Warren Buffett) is an honest partner, and after delisting MTT could get tens of millions from the Uzbekistan arbitration. |
Posted at 14/8/2012 22:02 by mudbath ZTFMTT PUR What do these super stocks have in common ?? |
Posted at 14/5/2012 11:36 by luckyjonah IMO MTT have revalued the inventory to achieve profitability,"Significant decrease in inventory to a minimum desired level", yet inventory in cash terms rose to 23,401 from 21,131. To be fair to MTT they significantly devalued the same inventory when the tungsten market was weak, so I don't see an issue with that - they have decreased the stock held, although that stock has risen in value. I do not believe the accountants or auditors would allow an unrealistic valuation through either (I know my accountant is quite strict on stock valuations for my piddly little company!). It's another wait-and-see update from MTT. What will happen with Uzbekistan tribunal? What will happen with Shimtech? What will happen with Codelco? Find out next week, on Soap... sorry, MTT... |
Posted at 14/5/2012 10:59 by mudbath I did not like the final results Mister MD,at all.IMO MTT have revalued the inventory to achieve profitability, "Significant decrease in inventory to a minimum desired level", yet inventory in cash terms rose to 23,401 from 21,131. MTT state that they are seeking to increase investment in a new production line and yet use of existing plant is diminishing, "Sales volumes decreased by approximately 30%, mainly due to working capital restraints resulting from higher cost of raw material (about a 50% increase in Tungsten prices over the year)." The company has only avoided a full scale funding crisis by drastically reducing Trade receivables to 5,604 from 11,076 ,whilst at the same time significantly increasing its debtors. Stated profits also rely on non recurring adjustments for discontinued operations. It would appear (to me)that MTT require more like US$20million than the US$5 that TNPV were earlier proposing in return for 30% of the company. It could be that there is a grand plan being formulated to ensure a golden future for MTT.On the other hand,if there is not such a plan,then MTT would appear to be operating on the very edge of insolvency;hence my continued exit. Mud. |
Posted at 22/3/2012 13:35 by 7bore MTT edging closer to settlement with another update on 13 Mar 12:DATE: 22 Mar 12 Mar 2012 MTT v Uzbek Arbitration claim Metal-Tech.......... Share Price.........12p Shares in Issue.....38,376,923 Mkt Cap.............£4.6 Arbitration claim...$7.6m to $8m max.(£4.8m to £5.07m) = 11.98p - 13.21p/share. Arbitration claim hearing date (ICSID).....28 Jan 12 MTT ARBITRATION NEWS: 31.12.06.....MTT RNS - MTT 50% owned Uzmetal Technology Ltd (UTL) in dispute. 08.08.07.....MTT RNS - "any damages are not expected to exceed US$8 million." 26.10.07.....MTT RNS - Uzbek government declares UTL bankrupt 31.12.07.....MTT RNS - $7.6m one-off write down of MTT UTL investment. 26.01.10.....MTT RNS - Begins ICSID arbitration with Uzbek government 09.12.11.....MTT RNS - MTT announce ICSID hearing to begin 23 Jan 12. 23.01.12.....ICSID case update - MTT v Uzbek hearing begins 28.01.12.....ICSID case update - MTT v Uzbek hearing ends 28.01.12.....ICSID case update - MTT v Uzbek hearing 10.02.12.....ICSID case update - MTT v Uzbek post hearing briefing 13.03.12.....ICSID case update - MTT v Uzbek production of documents |
Posted at 13/3/2012 09:11 by mudbath "Did" is current state of play poombear as I have been supplying market demand when the price has reached 12.5 pence.Still retain c.1% though.battlebus.There are so many potential suitors,ranging from the Chinese who we know covet MTT technologies,the South Americans with whom MTT have a substantial Joint Venture,whilst TNPV exploratory DD could have brought MTT's value to the attention of many, as TNPV themselves have US and Chinese backing.Finally it could be just another Israeli corporation which quite rightly feels it could run MTT more profitably than AR. |
Posted at 12/3/2012 21:16 by mudbath On Oct 4th,AR put MTT "in play".Activity on the playing field has been muted due to the terms of the MOU. TNPV will by now have completed their DD. TNPV extend a hand to MTT and say,"Let's do the business"". MTT respond"Not so fast we have other interested parties". TNPV reply,"that cannot be my son,IF you complied with the terms of the MOU". MTT " we complied,yet could not prevent those other parties casting a covetous eye over MTT potential". TNPV,"OK here is a letter from our lawyer regarding the MOU terms". MTT,"Not worth the paper it is written on". (A memorandum of understanding (MoU) is a document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action. It is often used in cases where parties either do not imply a legal commitment or in situations where the parties cannot create a legally enforceable agreement. It is a more formal alternative to a gentlemen's agreement. In some cases depending on the exact wording, MoUs can have the binding power of a contract; as a matter of law, contracts do not need to be labeled as such to be legally binding. Whether or not a document constitutes a binding contract depends only on the presence or absence of well-defined legal elements in the text proper of the document (the so-called "four corners"). This can include express disclaimers of legal effect, or failure of the MoU to fulfill the elements required for a valid contract (such as lack of consideration in common law jurisdictions).) MTT issue an RNS. Good then that MTT have an in house lawyer. Nothing in the above imo to prevent the shares continuing to perform strongly. |
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