Metals Exploration Share Discussion Threads

[peterpowell21] 06/12/2016 10:47

lets just remind our self what we actually have here.
at full production we should be turning over $2.25m a week.

the company could have given us some indication on how close to full production we are, 50-60-70-80%.

with having so much of the shares held by a few, they seem not interested in the other 20% who hold.
one of the disadvantages having the company in the hands of so few.

back to sleep now.

[peterpowell21] 06/12/2016 10:27

i read last week that Petropavlovsk have agreed to a new repayment schedule on there debt.But still has to sign off the final details.
There share price seems to have moved ahead on just this news.

we on the other hand were informed, The documents finalising a rescheduling of the debt facility is nearly complete and it is planned that the agreement will be inked before the end of 2016.
Also,made its first gold sale from the Runruno mine.
if that was not enough we had this at the same time, Mining and processing operations are now ramping up soundly.

i know we have been told the debt refinancing was going to be completed for the last three months.But the fact that gold sales have now began, and the plant is ramping up to full production should have been enough to move the share price north not south.
this may be just the drop before the rise, but with not many pi's you are not going to shake many shares out these holders hands.

[peterpowell21] 06/12/2016 09:58

achille

i was just going to post the same.
i would hazard a guess that the mm.s have enough stock of these now and will take any off you now only at a bargain price.
can these get much cheaper.
i have again topped up at this price.
just a case of waiting for the news and the tide to turn
ps
they were only offering 5.40p to sell all day yesterday.

[achillesheel] 06/12/2016 09:48

Yep dropped the share price 4.4% on a £1167 sell, no rhyme or reason to the book on this one

[peterpowell21] 06/12/2016 09:41

They seem to be dropping the price on any small sales.
Well they will be moving it up on small buys very soon.

[peterpowell21] 02/12/2016 17:37

i was just looking at what kind of volume there was on the way up to the 10p spike.
it was actually very low.
in fact there was more volume on the day of the last RNS.
so i think this will just need the news to get a good rise.

[peterpowell21] 02/12/2016 16:59

achill

i agree but most companies dilute and get nowhere.
how there was no rise on the company selling gold, and starting to get cash positive
is beyond me.
but its only a matter of time.
the profit margin here is fantastic.
re-rate is a question of when not if.
i never look at the share price when buying, i am more interested in the market cap and the debt.

[achillesheel] 02/12/2016 14:30

The company has suffered a number of setbacks over the years though and dilution so sentiment is very poor, I think as soon as the debt has been rescheduled, plant is working to full parameters and we get figures backing up the gold pours and sales we should be off to the races.

[peterpowell21] 02/12/2016 13:03

achille

they might be waiting to give us a nice christmas present.
but when you look at the market cap of so many AIM shares they are stupidly high.
this one is stupidly low.
we all know that every thing is in place,but not a single percent rise?
i mean getting the permit to sell the gold was very good news, we had been waiting for it long enough.they are now pouring gold every week. yet we are at the bottom of the range that we have been in for two months.
i will never work AIM out.
i would buy more but i have a lot in here at the moment.
if they do drop it again though, i will be topping up.
i hope i dont get the chance really.

[achillesheel] 02/12/2016 12:18

yep, still waiting for the delayed sell from yesterday which dropped the share price to pop up, a soon as debt is re-scheduled expecting them to comment on gold sales, at least we know that as every week passes they should be at a minimum 1/2mill gold being produced, I'd wager the plant is fully ramped up though and the output is around or exceeding the projected average so who knows they could be producing $2mill or more per week now.

[peterpowell21] 02/12/2016 11:36

achille

i'm thinking around the same as you.
one thing is for sure, they must have plenty of money in the bank now.

Looks like there is a seller.
thats whats keeping the share price down.
need some of this news out to get some volume flowing, get them shifted.
if i was one of the big holders i would take them of there hands at 5.50p thats for sure.

[achillesheel] 02/12/2016 10:23

Fag packet calcs should be around 8-9mil, if you take from the interim results rns, plant began production Mid july sometime before end of September they had $4mil, so 10 weeks, another 8 have past since plus say 30% for plant ramping up.

Just a guesstimate really as who knows when the interim results were prepared could have been beginning of September, they could be holding back until the debt rescheduling is signed off, outputs could be significantly higher so may want to keep this under wraps to get the best deal possible on the debt rescheduling.

One things for sure for HSBC gold fund to take chunk you can guarantee they carried out extensive due diligence.

[peterpowell21] 02/12/2016 08:38

i am hoping we get some news on the amount of gold that has just been sold.
its a nothing piece of news just saying gold has now been sold.
lets get some meat on that news with an amount.

we should get the news from the bank very soon with christmas and new year not far of, so expect to have that news very soon.

then the news that full ramp up of plant has now been reached.

so plenty of news to come over the next few weeks.

[wiseacre] 01/12/2016 17:01

Falling gold price isn't helping but i expect news on agreement with banks by the end of next week.

[peterpowell21] 29/11/2016 13:40

achill

re share prophets.

Tim Blackstone does not write very often for them.
but i am sure he will want to show tom that he called this right.
i expect something will be written on gold sales latter today.
tom did give him a hard time after Tim tipped this and then there was a placing.

tom is great at calling the dogs, but its a lot harder to tip buys.

[peterpowell21] 29/11/2016 13:25

achill

Dont think its possible to get a spike here with such a small amount of shares in PI's hands.
we could indeed have some of the II's who have only a smallish holding buying in the back ground.
but i am of the opinion that this will be very close to 10p new year.

[achillesheel] 29/11/2016 13:03

Better to be a steady re-rate than a spike though, took the opportunity added 225K this morning to take me to 1m, that's it now no more. Should be in double digits by Christmas, maybe share price will comment on the RNS, some publicity will help

[peterpowell21] 29/11/2016 12:49

Well they seem to be holding the price down.
all buys and the volume is up yet they are not moving the share price up.
i hate saying this but it seems there is some mates rates going on here.
sometimes happens that the share price does not move up for a couple of days.
then they let it go.
i have added big time again on my spread account this morning.
could not believe they never moved this up before the open after that RNS.
some mates rates for me.lol

[peterpowell21] 29/11/2016 12:36

wiseacre

good post.

i never gave it a thought about HSBC gold fund buying in the last placing.
As you say, they would have asked questions regarding the finance before they bought in.

[peterpowell21] 29/11/2016 12:26

rupert1

this was posted in the Manila Times on the 8/10/2016

hxxp://www.manilatimes.net/british-fcf-miner-start-full-commercial-operation/289706/

this was not RNS.
as there are not many PI's in MTL they are not in a rush to notify us.
This is AIM after all and companies seem to do as they like.
same as what i mentioned earlier,you have 3 days to inform the market when you cross
a holding %.

but this is on the right tracks now.
I thought it was a bargain before todays RNS, i can't believe you can still buy at 5.85p

[rupert1] 29/11/2016 11:41

The RNS is more interesting in what it doesn't say, than what it does.

There is no mention of achieving the approval from the MGB that the mine has commenced the Operating stage as delcared on 9th September? I was under the impression that this approval was required in order to ship the dore and consequently to sell it? I also suspect they would not be permitted to withhold this information, if the MGB approval had been recieved. A few questions then around how and to whom they sold the gold.

I appreciate that the new regime in the Phillipines is taking a much closer look at all mining operations, but is that the only reason for the delay? Could it be there is a game of poker going on here between the MGB (renegotiation of FTAA?), the banks (new terms for breaching covenants?), and and FCF (holding firm??).

This is pure speculation, but some food for thought.

[peterpowell21] 29/11/2016 10:46

AIM seems to have no real rules that anyone takes notice of.
we know A major sector specialist institutional investor took 3.9% of the company in the last placing.
but no holdings RNS yet.

[peterpowell21] 29/11/2016 10:36

This share has been significantly derisked after todays news.
The banks would have been waiting for the permit to arrive, for MTL to be able to start gold sales,before they would complete on the rescheduling of the debt facility. They say it will be signed before the end of 2016. i expect it at the start of December,after we have paid the interest on the $15m for the month of November.
so a lot of news due in the next few weeks.