Metal-tech Share Discussion Threads

[js8106455] 11/5/2012 15:34

Found this link on Metal-tech Ltd,

Take a look its worth a watch:

[doodle1] 11/5/2012 14:21

come on MM's, need to close up this spread...13% is just not encouaging anyone to play!!

[doodle1] 11/5/2012 12:43

jormes...agree, thought there might have been abit more interest after posting those results

[jormes] 11/5/2012 12:41

Good to see them returning to profit making in these tough economic times. Probably one of the few AIM companies that is!

[wrmsj00] 11/5/2012 12:18

from the results........

"Update on Uzbekistan Action

As announced in January 2010, Metal-Tech filed a Request for Arbitration against the Republic of Uzbekistan, alleging that the country's treatment of Metal-Tech's 50% investment in UzMetal-Technology, a joint venture to produce high-quality molybdenum products, is unlawful.

Metal-Tech is seeking damages because it claims that Uzbekistan breached its obligations by denying Uzmetal Technology necessary inputs of molybdenum concentrate in mid-2006, thereby forcing the joint venture to become idle for lack of raw materials to process. The damage to Metal-Tech was exacerbated when Uzbekistan and its state-owned companies (which owned the other 50 percent of Uzmetal Technology) later forced the joint venture into bankruptcy and eventual liquidation."



The current position is that an Arbitral Tribunal, comprising a nominee of the Republic of Uzbekistan, a nominee of the Company and an independent but mutually agreed nominee as the Chair, has been appointed. To date, both parties have filed all their respective submissions before the Tribunal, all in accordance with the procedural calendar. The hearing of the case took place in January 2012. The parties are due to present their respective briefs in June 2012, and supplementary briefs in July 2012.

[doodle1] 11/5/2012 12:17

wll check that out ducati...cheers

[wrmsj00] 11/5/2012 12:07

arbitration result in July..all documents have been filed

[ducatiman] 11/5/2012 12:05

doodle, if you like your tiny freefloats have a look at fep. 3.3m, prob less.

[doodle1] 11/5/2012 12:02

ducatiman...you sure did, agree great potential over there..and like here not many shares in issue so bit volatile to say the least

[ducatiman] 11/5/2012 12:00

thats the markets currently doodle, did I bump into you at cicr? Potential there looks immense.

[doodle1] 11/5/2012 11:58

everyone gone?....reaction

[doodle1] 11/5/2012 11:52

looking good to me :-)

[ducatiman] 11/5/2012 11:50

RNS Number : 1794D
Metal-Tech Ltd
11 May 2012
11 May 2012
Metal-Tech Ltd.
("Metal-Tech" or "the Company")
Results for the year ended 31 December 2011
Metal-Tech, the producer and recycler of speciality metals such as Tungsten and Molybdenum, announces results for the year ended 31 December 2011.
Financial Summary:
-- Revenue increased by 14% to US$52.1m (2010: US$45.9m) -- Net profit of US$4.5m, including US$3.6m income from discontinued operations (2010: US$26.8m loss)
-- Gross margin was 13% (2010: 0.9%)
-- Positive cash flow from operating activities of US$3.4m (31 December 2010: negative US$1.0m)
-- Operating expenses reduced to US$7.3m (2010: US$7.9m)
-- Earnings per share of US$0.12 (2010: $0.54 loss) -- Cash, cash deposits and restricted cash balance at 31 December 2011 were US$2.9m (30 June 2011: US$ US$6.4m) (31 December 2010: US$7.3m)
-- Bank debt reduced to US$15.7m at 31 December 2011 (31 December 2010: US$21.9m after neutralisation of US$6.8m loan of non consolidated subsidiary)
Operational Summary:
-- 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)
-- Improved profitability was driven by: o Improved commercial conduct which enabled the Company to be in line with the market and become less affected from price fluctuations
o Increased recycling production
o Historical inventory that was utilised
-- Cash flow management improved resulting in positive cash flow of US$3.4m of the operating activities due to:
o Improvement of the DSO (Days Sales Outstanding)
o Significant decrease in inventory to a minimum desired level
-- Production: o Increase of recycling capacity by approximately 25%. Capital investment will be needed in order to maintain progress
o Enhancement of production utilities and improved production management resulted in a capacity increase in a couple of production lines
-- In March 2011, a four-month industrial pilot phase for the validation of the Company's novel molybdenum extraction technology was completed satisfactorily under the supervision of a major publicly-traded international Chilean copper/molybdenum company, however, commercial negotiations are stalled
-- Tightly managed costs and cash flow to improve efficiency while maintaining strong focus on R&D in strategic areas
-- The Company's arbitration case against the Republic of Uzbekistan is ongoing -- The bankruptcy issue with the Company's Mongolian joint venture, Shim-Technology Co. Ltd. (Shim-Tech), is still under court process
-- Currently the Company is seeking to raise external capital which is essential for the continuance of the success of the Company. The capital is needed especially for:
o Working capital
o Further expansion of the production lines including the recycling plant
Commenting on the results, Aik Rosenberg, Executive Chairman and CEO of the Company, said: "Despite the dual challenges of world financial crisis and high working capital needs, I am pleased that we were able to achieve good financial results. This was achieved through better commercial conduct, focus on production efficiency and strategic planning.
"Looking ahead, with the high price of raw material, the Company remains under great pressure financially and continues to manage its cash position. In order to maintain growth of the Company, additional capital is required to achieve our goals that will return us to sustained growth and profitability

[doodle1] 11/5/2012 11:49

here they are

[doodle1] 08/5/2012 07:59

hoping for those results this week

[doodle1] 04/5/2012 11:37

lol nvr noticed that...trades ducatiman

[doodle1] 04/5/2012 11:26

the quiet before the storm?

[doodle1] 03/5/2012 15:16

MM's want shot here!! Moving bid and offer at same time so dropping it bown but still not encouraging tardes with the horrendous spread!!

[ducatiman] 03/5/2012 08:30

maybe later, waiting for direction, GLA, duc.

[wrmsj00] 03/5/2012 08:21

15k available at full ask, any takers....

[doodle1] 03/5/2012 07:48

lets see which way the roller coaster takes us today...strap in for the ride..gla

[sideshowbull] 02/5/2012 16:14

back to 1k offer

[wrmsj00] 02/5/2012 15:53

johnpain - read my earlier posts

what have you lot done to the sp, i only went to collect my son from school.lol