Metal-tech Share Discussion Threads

[battlebus2] 27/7/2012 08:41

Beginning to gain ground again Mudbath, your 10p looks ominous. Chairman Banking Facilities a positive to.

[bbr391] 20/7/2012 07:47

Silence is golden.

gla concerned

[mudbath] 19/7/2012 20:27

I may be negative MisterMD,yet nobody will be more euphoric than me if we could get a result here.

[mister md] 13/7/2012 10:51

when MTT's formerly mostly bullish poster turns this negative its a sign things ain't looking good ;)

[mudbath] 11/7/2012 09:26

This outfit imo is a total BUSTED FLUSH.
Going down again today.

[bbr391] 10/7/2012 17:42

Holding up quite nicely and less than a year to settlement.
The omens are good,keep it on he hush hush Ariel.
No need for Techno funding, marvellous.

gla concerned

[bbr391] 29/6/2012 21:19

Yes I did add this morning.
Silence is golden.

gla concerned

[battlebus2] 29/6/2012 15:56

Mudbath don't see him buying much in the market.

[mudbath] 29/6/2012 15:51

Well bbr391 can have my shares @ 10pence,although I am slipping them into the market at anything over 8 pence.

[bbr391] 29/6/2012 15:15

Seems to me the Chinese are back in Uzbekistan in a big way.
The omens are looking brighter by the hour.
A good opportunity to top up @ 8p.

gla concerned

[battlebus2] 14/6/2012 18:06

Ah Mudbath your charts are fine and dandy i actually thought a new thread was created to replace this one but obviously not. Will look into PUR.Thanks.

Harry.

[mudbath] 14/6/2012 11:35

Are my charts not good enough for you then battlebus2 ?
I still have a significant sale order waiting here @ 10pence.They are worth a lot more if sufficient funding can be found without a wipe out in terms of a massive dilution.That would not be to AR's benefit although,if working capital shortages are as critical as they look,a beggar cannot be a chooser.
Did I mention that PUR looks to me like a potential star ? I am hoping it proves to be a fortune maker !!!!!
Mud.

[bbr391] 14/6/2012 08:27

Check out uz daily dot com.
That will inform you as to what`s going on in Uzbekistan.( chinese investing).

gla concerned

[battlebus2] 13/6/2012 20:44

Any chance you could add news and charts to the thread.

[bbr391] 13/6/2012 15:48

Don`t say you weren`t informed.
News accumulating precurses a sharp incline.

gla concerned.

[bbr391] 27/5/2012 23:50

The results are eye-catching by their underachievement.
But,the court case rolls on apace.
I think they will use these extra funds to pay down debt and reinvigorate the business.
Holding well at 8p.
I recommend buy.

gla concerned

[battlebus2] 23/5/2012 16:02

Couple of up days can't be bad in terrible markets.

[luckyjonah] 14/5/2012 11:36

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...

[mudbath] 14/5/2012 10:59

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.

[mister md] 14/5/2012 10:06

mudbath - is it due to MTT's need for funding that you are selling out ?

[mudbath] 14/5/2012 09:32

The share price might fall a bit here as I am relinquishing my residual holding of MTT.
MMs' not exactly falling over themselves for the stock,although they do keep taking the odd 30k or so.

[battlebus2] 11/5/2012 16:30

Steve their business is going the right direction what profit this time next year.

[doodle1] 11/5/2012 15:59

Ok steve36...your picky

[steve36] 11/5/2012 15:57

Call me picky but its only a profit after a tax credit and deconsolidating Shim-Tech.