Metals Exploration Share Discussion Threads

[peterpowell21] 01/2/2017 17:48

news flow on more gold sales and debt repayments being met etc should be the catalysts the stock needs to get back to 7p levels.”
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well the main news is where we stand on ramp up.
gold sales and debt repayment will happen only with full ramp up.
so to ignore this very important point and put it under the "etc" is missing the most important news we are waiting for.

[davegk] 01/2/2017 16:11

Q & A on sharehub 31/01/17

question
“Hub do you have any more thoughts regarding MTL, price is steady and hardly fluctuating at all while volumes are still quite strong, surely by now some news should have broken or even notice of shareholding should have been made?”

Answer
“Volumes are quite strong and have been for some while but you have to remember this one is a small penny stock. Hence 10 million in volume is only £500k in cash terms. Not to be sniffed at but with a market cap of £100 million, 0.5% of shares in issue traded during the day is not exactly “huge” in grand scheme of things. That said, MTL does have a large institutional investor list and free float looks limited to around 500 million shares. Overall, it looks like some institutional shifting of positions coupled with strong PI interest. It certainly one to watch as upcoming news flow on more gold sales and debt repayments being met etc should be the catalysts the stock needs to get back to 7p levels.”

[davegk] 01/2/2017 15:35

From thesharehub.com

“In 2016, the company achieved a moderate sized equity placing at 5p a share which was largely spread across the institutions who dominate ownership of the stock to the tune of near 75% of all shares in issue. This doesn’t leave much of a free float but over the last few weeks, Ruffer and Baker Steel Capital, two of the large institutions have kindly been dropping wedges of stock into the market. Volume over the last weeks has been “large” and buyers are not in short supply. It’s important to have a sufficient balance between institutional ownership and liquidity especially when looking to bolster the stock’s interest and attract new market markers.

Price action of this sort can often be pinned to a rotation of stock from one institution to another or it could suggest news is on the way.


MTL is certainly one to watch and has plenty of merits as one of the lowest cost producers out there."

Link www.thesharehub.com and scroll down to the first heads up article.

[peterpowell21] 01/2/2017 14:38

jailbird

so you only think MTL is Potentially undervalued.
so how much would you say its Potentially undervalued?
you must have some idea, or why would you have bought in,in the first place.
i try to buy into things that i believe are under valued,i would never buy into something i thought is potentially undervalued. you could say all shares are potentially undervalued.but most if not all of those shares i would not touch with a barge pole.

[giantpeach2] 01/2/2017 12:35

All buys again, and quiet a few and yet we still have a flat line. Wtf

[jailbird] 01/2/2017 12:20

100k buyer

[jailbird] 01/2/2017 12:19

Yes it is mentioned on boards the one month guideline of no news within this period after a director purchase.

[achillesheel] 01/2/2017 11:14

There are so many variables though you could postulate forever on the potential or FCF/MTL's long term plans, taking into account the other areas they have exploration for link to tenement plan below, now the mill is up and running could it be feasible down the line that the other areas could be mined and transported back to without the large capital outlay of the processing plant?

Then there is the processing throughput which could be conservatively underestimated by the company, the cash sweep option within the negotiated loan repayment plan.

The fact that a new ii took a considerable chunk of the last and (hopefully) final placing, and the other ii's without much discount to the market price at the time.



The company have gone to extreme lengths in the Philippines buildings schools and traning programs, doctor's surgeries, to create a good relationship with the government

The only downside I can see at the moment is the lack of news but it seems as though the last few weeks have seen a turnaround, couple of bits in share mags etc, new broker, massive volume compared to previously.

As lord badger asked about the closed period previously following the Ned buy, I tend to agree and did suggest that it could be four or more weeks until news, it's not in the rules and reg's but I am sure I saw it as a guide-line somewhere. I am working on the assumption that it may not be until March end for an update, and hopefully the plant is fully ramped they will have carried out the 90 days physical and financial testing and numerous gold sales, all imo of course.


hxxp://www.mgb.gov.ph/attachments/article/52/R2_Map_JAN_2017.pdf

[jailbird] 01/2/2017 11:13

Pp,Undervalued to you, to the buyers, not to the seller here or to the marketPotentially undervalued , yes.

[jailbird] 01/2/2017 11:08

Thanks AH,That is brilliant work by chip

[peterpowell21] 01/2/2017 10:20

jailbird
divide CEY market cap by 5 then you would get 370m.
can you compare the two? i would have to say no.
but you can see that if MTL do as the say, this is very under valued.
just have to wait to see if the production numbers add up to the hype.

we can see the share price is being held down with just a few small sells every now and then.
With the large late reported sells going through at 5p.
will we get a holdings RNS?.
well we never got one for the, "major sector specialist institutional investor" that bought 81m (3.9%)in the last placing.

[achillesheel] 01/2/2017 10:02

Everything you need on pm operator's can be found on chipper's thread the original author of this group



it's very good and updated regularly, you should take a look, covers everything you are asking for AISC, resources margin etc

[jailbird] 01/2/2017 07:30

CEY stocking results,Can we use these a guide , divide figures by 5 and convert to £ to see what MTL should be making ?Gold produced 551,000 ozAISC approx $700Revenue $687,387mEBITDA $372,885mProfit before tax $266,829mBasic EPS 18.61Cash generated from operations $366,295m

[peterpowell21] 31/1/2017 19:35

lord badger

what parson did not ask was "who has been buying all these shares"
in fact why would they be buying if the company is over priced.
why would the NED be buying £250,000 worth?
all valid and presently unanswered.
but in time i am sure these questions will all become clear.

[lord badger] 31/1/2017 19:03

Peter, Parsons question is valid and at present unanswerable. Perhaps the answer can be arrived at via Occam's razor; through whatever mechanism, the company is in some small way addressing the liquidity issue.

[achillesheel] 31/1/2017 19:01

Funnily enough i was thinking that this morning lord badger previously on the volumes we have had this would have been in double digits way before yet the share price has only increased by .25, the free float seems to have increased considerably, maybe baker have been selling up until last week onto the market and cantors have been dripping them into the market gradually

It all seems to be part of some orchestrated cunning plan, so cunning you could put a tail on it and call it a fox,

[peterpowell21] 31/1/2017 18:10

parson4

your not watching very hard then if you dont know.
good luck watching.

im watching and waiting too, but not for the same reason as you

[parsons4] 31/1/2017 17:51

What about the 5,500,000 that were sold who is that then ??? Still watching this one !!

[jailbird] 31/1/2017 17:47

Pp,Missed that train from 90pBest to wait for results as maybe prices in short term I am invested here for now .

[peterpowell21] 31/1/2017 17:11

jailbird

there you go,seems like you should invest there.
good luck

[jailbird] 31/1/2017 16:29

Davegk,

CEY

No debt

Full year 2016 production is expected towards the upper end of guidance of between 520,000 and 540,000 ounces. Full year 2016 costs are expected towards the lower end of guidance of between US$530 and US$550 per ounce cash cost of production and between US$720 to US$750 per ounce AISC.
Centamin remains debt-free and un-hedged with cash, bullion on hand, gold sales receivable and available-for-sale financial assets of US$416.9 million at 30 September 2016, up US$84.7 million over the quarter.

[giantpeach2] 31/1/2017 16:20

The amount of buys today and at full ask now, how has this not jumped up.
I have seen this down 10% or more on a grands worth of sells before now.

[peterpowell21] 31/1/2017 14:36

looking back over the years this is the most interest this company has ever had.
this is getting onto peoples radar now.
can only build from here. just waiting for that one RNS to drop,giving the news they have been talking about for years and then BOOOOOOOOOOOOOOOM.
We must be so close to full production now.

[jailbird] 31/1/2017 13:24

level 2 strong now...4 v 1