Metals Exploration Share Discussion Threads

[peterpowell21] 15/11/2016 09:44

well not much interest from PIs here.
i know things have been very slow here over the years but they are now only weeks away from full production.
the fact that they are stock piling the gold every day seems to be going unnoticed.
is it just that people dont know about mtl?
i feel very lucky i came across this company a few months ago.
i am more than happy to see about 80% of the shares are in the hands of around eight II'S.

[peterpowell21] 14/11/2016 15:20

achillesheel

yes its disgraceful what goes on, on the AIM market.
but i have filled my boots here today.
there is only good news due out now.
let the system work for you,not against you.
dont get mad,buy more,even at 5.75p these are cheap.
friday you could only get 5.46p to sell, today you can get 5.6p.
so even with the company getting an extra $10m in the bank the share price in real terms has gone up.
play the game.
facts are they now have plenty of money.
they must have around $10m of gold in the safe ready to sell.
and any day soon we will be at full production.
they are not sat there doing nothing waiting for that sales permit.
it must be due any day now.
but it can take another month and it will not make any difference now.
it just means there is more gold to sell sooner or latter.
good luck
ps
nothing has changed here.
just the threat of dilution has now gone.

[achillesheel] 14/11/2016 12:42

So new ii takes 80million half of the placement, wouldn't surprise me if an RNS lands later in the week confirming permit in place, gold sales have started, mates rates. The conversation probably went something like "sorry for the past years of diluting your holdings but thanks for your continued support would you like one last cheap top up before we notify the plant is up and running and we can sell the gold we have stockpiled".

Not sure what purpose the resolution at the AGM was for, thought this was to provide interim working capital £1.9m ??????


Bloody meetings at work, would have taken some on the dip this morning.

[peterpowell21] 14/11/2016 11:16

Well i got the rest of my holdings back at 5.27p this morning.
i agree with tsmith,i dont like dilution. but its not as if they have gone to bucket shops and forward sold them and the price has dropped 20+%.
They have plenty of cash now and full production is not far of.
remember they are still producing gold and its being stock piled while we wait for the permit to be able to sell it.
Only good news due here now.
so sit back and wait for the RNS saying sales permit granted, sales of around $10m of gold have been made, debt rescheduling has been complete and the processing plant is now at full production.
once this news starts to flow 5p will be gone for ever.

[tsmith2] 14/11/2016 08:33

Dilution continues, not good.

[cl2201] 14/11/2016 08:27

Not entirely unexpected, though I agree the amount seems somewhat high.

Good, however, to see stronger major shareholder support to see us through.

"seems we could be waiting a while longer for the permit"

That could well be the case but with the extended (expected) refinancing date being end of November, it suggests that they are quite confident of getting it done within a relatively short time-frame - perhaps the gold permit is in the wings.

[peterpowell21] 14/11/2016 07:53

$10m seems a lot to have needed.
i know they needed around $3.5m to get to full production. but the had around $6m in the bank after the last placing in september.
seems we could be waiting a while longer for the permit.
that or it was one last chance for the major holders to just get a bigger percent of the company.
we will see over the next few weeks.

[peterpowell21] 14/11/2016 07:37

so more dilution,while we wait for the permit to sell the gold.
we get diluted wile the main holder just average down.
seems the way in AIM.
well if this goes anywhere near 5p i will be buying more.
just a case of waiting.
all the good news we are waiting for and you always get the one piece of news you don't want.

[peterpowell21] 13/11/2016 17:28

all im saying is they are down as sells but they are not sells.
its easy just to look and be fooled into thinking they were sells.
if you looked at the mid price you would swear they were sells.

wonder why they have the prices so wrong,looks like a sea of sells, when the opposite is true.

must be some good news due.
GOOD LUCK

[giantpeach2] 11/11/2016 21:14

100% rollover

[achillesheel] 11/11/2016 16:25

Definitely buys, quoted 5.88 to buy any reasonable size now.

[cl2201] 11/11/2016 15:16

They look like rollovers to me?

[peterpowell21] 11/11/2016 15:11

i see two big buys for £20,000 each showing as sells.
well you could only sell at 5.46p all day, so at 5.75 and 5.78p those are buys.
very difficult yet again to see the true picture as all buy/sells are below the mid price.

[peterpowell21] 11/11/2016 12:57

cl2201

yes there is a lot of news building.
would like it one at a time,not all at once though.
Probably will not make any difference anyway, if it went up 100% on news it would hold as i cant see any of the five main holders selling.
so just a matter of treating this like a FTSE 100 company, invest and hold.
With a market cap of just over £110m its very cheap.
Look at sound oil, M/C of over £550m a few weeks ago, madness.
if this goes as planned over the next year i expect this to be around that market cap at least.Well with 100,000oz a year expected @ todays gold price of $1258. gives a revenue of $125,800,000. a year
With a operating cost forecast at around $477/oz the profit margin is massive.
$78.1m = £61m, that is just for the gold.
payback forecast after 3 years.
so well worth sitting back and waiting for the good times to roll here.
AIMO

[cl2201] 11/11/2016 09:37

Would certainly be nice to have an update. We should hear something within the next 2 1/2 weeks given the potential news building up: gold permit, refinancing, plant at full capacity (end of November).

[peterpowell21] 11/11/2016 09:15

I would say that they have agreed on the new financing and are just waiting for the permit to be able to sell the gold.
not long now though,imo

[hutch_pod] 11/11/2016 09:02

I guess this will help costs going forward.

hxxp://www.businesstimes.com.sg/banking-finance/philippine-peso-hits-7-year-low-as-foreign-investors-sell-shares

[peterpowell21] 09/11/2016 15:59

cl2201

yes i did read back a few posts of his/hers and he does seem to have an axe to grind.We have all been there if you have been investing in AIM for a number of years. There are a lot of lying CEO out there. But there is nothing any CEO can do when it comes down to the weather and waiting for permits from governments.The banks never seem to be in a rush either.
But as achill says "they are still stockpiling the gold". They are getting closer to the end of November and full production.
Worse case is we have to wait till the end of November for an update.

This is a small problem we PI's have to put up with when the company is almost wholly owned by 4 or 5 people. You can be sure they know whats going on.
But when you are the ones that have been putting your hand in your pocket, i would expect to be kept in the loop.

[achillesheel] 09/11/2016 14:41

I know it's the MGB but the government has probably got a lot on as it is, with the two recent hurricanes passing through we know they have been stockpiling gold and the facility is fully ramped up, just waiting on a stamp on a piece of paperwork to finish the process.

[cl2201] 09/11/2016 14:25

Peterpowell21 - I wouldn't look into it that much. Take a look at all of said poster's posts on MTL and it's clear he/she has an axe to grind.

Yes, this has been a long process but we are finally (hopefully) at the finishing line - you and I can see the wood for the trees, but others might not.

[peterpowell21] 09/11/2016 12:43

well i cant understand these kind of posts from LSE.

Manipulation or Incompetence ?
Either way heads should be rolling !

The management cant rush the government to get the paperwork done any faster.
the only thing i want rolling is the gold from the plant.

[peterpowell21] 09/11/2016 08:14

achi

The debt restructuring will be sorted. (banks are in the game of lending money,they
dont run gold mines).

the gold sales permit will come.

and the ramp up to full production continues to be completed by the end of this month.

gold is flying, and costs at getting it out the ground could not be cheaper.

yet the market is not pricing any of this into the share price

this is not a well result we are waiting for here, if it was people would be gambling on the out come being positive.
we are just waiting for conformation that we are in full production, and making millions a day.
so the re-rate will come and when it does it will be worth the wait.

PS
congratulations to president DONALD TRUMP.
another one in the eye to the establishment.

[peterpowell21] 08/11/2016 17:35

There seems little interest in MTL.
i know that there are not a lot of shares out of the hands of the 5 main holders,but there are still around 200m.
seems strange people are not all over this.
the amount of money this will be throwing out in a month or so is staggering.
this should 5 bag within a year or so.imo.
this has one of the cheapest cost per once to get out the ground in the world.
re-rate should not be long now.

[achillesheel] 08/11/2016 14:55

Sorry my bad 700K in buys against a 300K sell the ever reliable lse has been duplicating posted trades.

Biox should be fully ramped by now hopefully.