Share Name Share Symbol Market Type Share ISIN Share Description
Metals Exploration LSE:MTL London Ordinary Share GB00B0394F60 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -9.76% 4.625p 4.50p 4.75p 5.125p 4.625p 5.125p 1,863,072.00 14:46:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 0.2 -0.2 - 95.80

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Date Time Title Posts
20/2/201719:27Metals Exploration - The Investors thread1,429.00
24/1/201420:34Metals Exploration - Positive Rewsuls 30 June 20052,077.00
21/10/200922:36Metals Explore - Information thread1.00
30/6/200520:08Metals Explore - Information thread167.00
06/5/200513:41Metals Explore keep em peeled399.00

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Metals Exploration (MTL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
20/02/2017 17:03:414.74250,00011,850.00O
20/02/2017 16:15:584.75100,0004,750.00O
20/02/2017 16:14:094.758,000380.00O
20/02/2017 16:09:024.7540,0001,899.92O
20/02/2017 16:02:224.6310,000462.52O
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Metals Exploration (MTL) Top Chat Posts

Metals Exploration Daily Update: Metals Exploration is listed in the Mining sector of the London Stock Exchange with ticker MTL. The last closing price for Metals Exploration was 5.13p.
Metals Exploration has a 4 week average price of 5.13p and a 12 week average price of 5.13p.
The 1 year high share price is 10.13p while the 1 year low share price is currently 3.75p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 572,695 shares. The market capitalisation of Metals Exploration is £95,799,224.60.
jailbird: "Thankyou for continued support by all placee shareholders. Please free to sell massive chunks on any good news, which will depress the share price" This is how it works, so we should not be surprised
johnybigarms1: Well written and agree highly with your points, it's a screaming buy, but many investors want to see the hard facts laid out in front of them, I understand that, but I prefer to read between the lines and get in early, low 5p is that point, I don't know how fast the share will rise when all is clear, but I hate chasing a share price, so I'm in heavy now and feel totally chilled and confident, the clues are all there if you look
patviera: Thanks LBI'm thinking of buying some MTLI like the fact that there has been a large seller and this has depressed the share price whilst gold has ralliedWe have had many cash calls and I don't think we will need any more in the short term..I also like the fact the director put in 250kSo my main worry(only) is Philippines where they have taken a dislike to miningCan some on be so kind as to update me with the latest situation there regarding the political and economic circumstances CheersPat
jailbird: This Co have no more reasons to fail to deliver production nowDelays has produced continued dilution of ppl' holdings .. meaning share price appreciation will be less than before Double the share price is my target once production starts
davegk: 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.”
kj kelley: peterpowell21, yes all you say is true but.... MTL have had the delayed start up and the need to finance the company during this period through debt rescheduling and placings. I think they would have been rowing upstream if they had tried to get news out on the company's future. It would not have been worth the effort or money IMO. Now it is different and production is building up to 100,000 oz pa. Major shareholders are just like us in that they will want to see the share price rise to a fair valuation of the company. I fully expect the new broker to issue a research note. They have their own clients to sell to and will be fully aware that MTL provides a good opportunity to get low risk exposure to gold mining, especially at this price. The company itself will only have production and its further exploration to expand the resource to report on. What a nice problem that will be after the regulatory problems of the past.
blueclyde: Looking at the latest presentation 5 entities own over 90% of the company so I guess that explains the lack of PR; it's not needed. Will also cause the share price to surge if this gets on the radar.
lord badger: Hol, I’d given up speculating on what might happen down the line but I don’t think this is a pure Candy play given the outcome of the Battle for MTL a few years ago, which pegged back their holding to below 50%. I thing the prevailing theory is a sale at some stage. There is another theory, that being to build up a war chest and buy another mine, possibly from a major producer looking to pay down debt, but I don’t see the current management taking that on, and besides, it would be hard to compete with the Chinese who are acquisitive at the moment. Then there is the possibility of developing another mine - MTL is, at the end of the day, an exploration company - but I don’t think there is an appetite for this in the Philippines given the government’s attitude towards mining and the current regulatory environment. There are possibly a number of other options, along the lines of those you mentioned, but the Candy’s would have to convince Runruno Holdings, Baker Steel, Ruffer, et al, to go along with them on that journey - they could do it, but personally I doubt it. You mention the Candys being used to long term plays, but for them this is already a very long term play and perhaps they’re looking to close it out sooner rather than later. I think the other thing to bear in mind is that the world has changed a great deal since the the Candys first got involved and their priorities / strategy may well have changed; their strategy certainly changed after 2010. If a sale is the preferred route then unless something forces their hand, my logic dictates that the company would maximise value beforehand; get the mine into full production and optimise the gold circuit and then run it for a while whilst expanding the resource. Well, that’s what I’d do. With regards the share price, and your comment Peter, correct me if I’m wrong, but the company would most likely be selling the mine and the sale price would be based on the value of the gold in the ground, effectively the value of FCF Minerals, rather than MTL’s share price If this is the case then I’m not sure the major shareholders will be focused too much on the current SP, more on the longterm performance of the mine and the size of the resource/reserves.
lord badger: Peter, I agree that what is not said can be as important as what IS said. However, I know from my own experience advising clients on the release of news, you are often damned if you do, damned if you don't, plus very often there are a host of complex reasons in the background why what seems like straightforward information cannot be released; the latter of which is the bane of my life. I obviously can't comment on MTL and the reasons why certain seemingly obvious information is not being released, however, all I can say is that from my questions to the board at various AGMs and from the discussions with Ian and Liam at last year's AGM, to which a number of other members of this board were a party, I have experienced the "OK, now I understand" moment on numerous occasions. Plus, on the up side, the current drop in share price presents an opportunity to buy at the same level as the major shareholders did in the last two rounds of fund raising i.e. their premium has been nearly wiped out. Not only did the major shareholders pitch in at 5p but so did a range of new investors. I can't see any of them doing so if 5p didn't represent good value - OK, before someone points it out, you could say that the original major shareholders had to pitch in because they're in so deep, but that's not true of the new shareholders. Depending on your perspective of course, you could actually say that the "markets" are working in favour of PIs at the moment, at least those who have the funds to average down or take a position. Personally I view the management as cautious/conservative with regards news flow and have this baked in to my assessment of the business and my investment. Some miners like to splash news around and ride the share price gyrations like a dull rodeo rider, but I'm not a fan of this approach. At the end of the day approx 85% of MTL's shareholders are high net worth individuals and investment vehicles, who get the news they need. That's not to say the management ignore PIs, as our experiences at AGM's attest, but none the less it's a fact of life. Granted it means the free float is small, the market size is tiny and the share price regularly does odd things, but on the plus side, with a small group of major shareholders the business has been able to raise funds quickly and cheaply and the debt level is, by conventional standards, very low. We're hopefully in the home straight now but it's going to take a little more patience. I'm actually as interested in the next operational update as I am in news of an Environmental/CSR Award, the latter of which is so important on so many levels including the big one: keeping on the right side of the government. Quite aside from keeping on the right side of government, maintaining good environmental/CSR standards is just the right thing to do. Despite what some say, the government needs miners and the taxes they generate; they just want better miners, those who operate to the same standards they would in their home territories. They also have a vested interest in exemplifying good miners and promoting high mining standards, which is a win win for both the government and MTL, if we were to win another award (we have a fair few already). An award some time soon would be great news. No pressure then!
wiseacre: The following on Share Prophets site: The political clouds are lifting over Philippines gold miner Metals Exploration (MTL). The Manila Times reported last week that the Runruno mine has been granted permission “to start full commercial operation before the end of this year after it has complied with the necessary corrective measures”. And the tough new Department of Environment Secretary, Regina Paz Lopez, is quoted as saying that the Bureau of Mines, when granting the company its certificate had proved “a way to identify responsible miners.” With her imprimatur investors can afford to smile. All that remains is for the company to secure permission to sell the gold it has already produced while it continues to ramp up production. With all bureaucratic issues resolved the banks will be happy to extend the group’s $83 million debt facility. The newspaper report explains that, “the project was approved by the Provincial Board (Bureau of Mines) after it was endorsed by the host Barangay Runruno and the local government of Quezon following more than five years of exploration and community development activities in the area. With a capital cost of $149.3 million and estimated average annual operation cost of $46.2 million, FCF Minerals (Metals Ex’s Philippines company) targets 96,700 ounces per year over a mine life of 10.4 years.” I expect the company to confirm the good news next week. The share price should quickly bounce back to the 10p level it touched last July before suffering under the burden of the political uncertainties, the hiatus over its bank loans and the need for two emergency share issues, funded by its the four largest shareholders, in order to pay its 500 workers. The management is mindful of the loyalty of its remaining long suffering shareholders and could take on a new broker, since it will have no further requirement to hide its light under a bushel. It will after all be one of the world’s lowest cost gold producers. Average down/buy.
Metals Exploration share price data is direct from the London Stock Exchange
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