Metals Exploration Share Discussion Threads

[jailbird] 30/1/2017 18:11

this is insider tip/report


Insider: One bargain and a tempting sell




By Lee Wild | Fri, 13th January 2017 - 12:59

Metals Exploration bets on gold

Want to know where industry men think gold prices are going? Well, non-executive director Jeremy Ayre gave us a clue when he coughed up £250,000 for 5 million shares in AIM-listed Metals Exploration (MTL) at 5p each.

Metals announced first gold sales at its Runruno project in the Philippines in November, a major milestone in the Project's development. "Mining and processing operations are ramping up soundly," we were told.

Mining industry veteran Ayre now owns 7 million shares, and will be happy to see the gold price up 7% since before Christmas. It hit a seven-week high Thursday near $1,207 an ounce.

[jailbird] 30/1/2017 18:07

From another board, iii,
It said that it was cheap extraction , proven reserves and already producing with a min life of 10 years.

[lord badger] 30/1/2017 16:48

A question and a request: according to AIM rules are we in a post-Non Exec Director dealing news embargo period and could someone with a MoneyWeek account post the text of last week's comment...the latter a bit cheeky I know.

[peterpowell21] 30/1/2017 16:17

just another £140m of buys and we might see a tick up.
thats if we dont get a £8 sell. lol

[giantpeach2] 30/1/2017 15:20

Having to pay 5.175 now so we are getting there lol.

[peterpowell21] 30/1/2017 15:01

this is just sat on the launch pad.
being topped up waiting for the take off.
just need the RNS that will light the touch paper.

hope i dont fall asleep with boredom and miss the take off.

[peterpowell21] 30/1/2017 14:53

giantpeach

well the facts are if all those were buys at 5p, we would not be at this price thats for sure. there has been one or two big sales that we can see were sales at the time,below 5p.
so unless they were letting the seller out at 5p we are due a massive sell to show, to cover all those buys.
i cant see that happening, im going for the sells were in at the same price as the buys.

[peterpowell21] 30/1/2017 14:34

meijiman

why are you worried about how many shares there are? its the market cap you need to look at. yes anyone that bought in early have had a bad deal, its happened to me many times. you would be getting in today,so why should you care what has happened in the past.

100,000 ounces a year.the plant has been up and running for a while now,just a matter of bringing it up to full production.
most the shares are in the hands of a few big hitters.
they also should have plenty of money in the bank.
they also have debt of $81m.
and a spend about $200m on runruno
so are you in or out?
good luck with your decision.

[meijiman] 30/1/2017 13:02

I'm very tempted to buy some. One negative is the number of shares in issue through various placings and fundraisings over the years. I imagine early investors have been diluted away to very little now. Are there any forecasts for earnings once the plant is up and running?

[achillesheel] 30/1/2017 12:54

The two go together

[giantpeach2] 30/1/2017 12:42

I keep hearing people mention a seller, when you look at some of these trades it looks
more like there is a buyer to me!.

[achillesheel] 30/1/2017 12:23

didn't mean to repeat myself but you get the point the only good outcome is as Lord Badger pointed out by the time we get some figures from MTL sometime this year the seller will be done and the brakes can come off.

[achillesheel] 30/1/2017 12:22

This could be going on for weeks,it would be nice if the company could release an RNS updating on the thresholds crossed this past fortnight but I wont be holding my breath, someone's been selling and Baker were quite quick in releasing last time so makes you wonder, lots of pi's buying though, it's like watching a dripping tap this could be going on for weeks.

[peterpowell21] 30/1/2017 12:18

this is getting on the radar now.
all red but should be mostly blue.
big buys reported after hours. and i would say a lot of new pi's buying.
the volume here has been massive for a month and yet not any sign of a tick up?
well back to my composed heap, nice and dark under their, just as they like to keep us.

[achillesheel] 30/1/2017 09:47

I imagine when the seller is done, or when the surplus stock has been eaten up

[giantpeach2] 30/1/2017 09:44

just had a 70k top up

[jamdan1] 30/1/2017 09:44

It's like watching paint dry....when will this get me moving ?

[giantpeach2] 30/1/2017 09:32

Mostly buys this a.m again but showing as sells, cant believe there is no tick up yet!

[peterpowell21] 27/1/2017 14:13

lordbadger

thanks again for the info.

such a lot of buying going on yet again.
there has to be a seller still in the back ground.
and they must have let them out at 5p the last few weeks.
we would have seen the big sells to cover those buys by now.
there should be a holding RNS as well soon.

i have stopped myself from adding anymore this week up to yet.
but my hand keeps hovering over that buy button.

[lord badger] 27/1/2017 13:02

Peter, 110oz per month is in the right ball park. Don't forget, the Op Updates at the beginning of last year were stating an estimated average 102oz per month in years 1-5, but this was way before the gold recovery circuit was brought on line and they were able to get a more accurate feel for recovery rates. At the AGM last year the chairman said that recovery rates (excluding the Biox) were looking good and he was hopeful they would be able to upgrade the overall recovery rate. Quite rightly he wouldn't / couldn't be drawn on specifics. So that's entirely in line with 110oz per month.

It's interesting that the debt figure in the article is out by $9m, which suggests the numbers they're using didn't come from the company recently. The debt figure is on the web site so the author obviously hasn't visited it either. If this figure is out by over 10% and it's in the public realm, then it does cast doubt on the accuracy of the other figures.

So the figures might be out a bit but the important thing is that overall they recognise the company offers value to investors....which we know is right.

[peterpowell21] 27/1/2017 10:49

todaywelive

thanks for the info.
they have production at $110k oz wrong.
but from what was posted here a few weeks ago the AISC is correct.

its nice to know that MTL are still up and running though. lol

[todaywelive] 27/1/2017 10:03

MTL get a mention in the Roundtable article in today’s edition of MoneyWeek. It quotes the £101m market cap, debt at $72m, production at 110k oz and an AISC of around $695 pointing out that this is cheap. Additionally the growth prospects for the assets are noted. This is one of 13 recommendations by five leading investors in a three page article.

Today.

[achillesheel] 26/1/2017 09:50

I have resigned myself to the fact that there is a chance we may not receive an update until the end of March, that's what I am working on but who knows we may have an RNS next week.

[peterpowell21] 26/1/2017 07:29

achille

all i would like is just an update on progress, not just, things are going sound.
i have been in here for about 6 months, not one meaning full update in that time.
come on pull your finger out, we have waited long enough now.

achille, you missed dilution on your list.