Metal-tech Share Discussion Threads

[bill182] 17/2/2012 08:54

Forgot to add that the price of Tungsten has held up well over the last few months, which gives me further confidence that the positive improvement at the Interim results would continue.

Commenting on the results, Aik Rosenberg, Executive Chairman and CEO of the Company, said: "We are pleased to report a period of continued progress in the first half of 2011. Strong demand for Tungsten led to sales of the metal at higher prices compared with the same period last year. The Company also remained committed to tightly managing its costs and finance whilst driving the business forward by increasing its recycling and production activities."

We shall see.

[bill182] 17/2/2012 08:42

Good morning Guys. I haven't posted here in a while, as I took the pain on my investment a few months ago and only retained a nominal amount. However, an update is due any-time regarding the investment from Technoplus Ventures Ltd, as well as a year end trading update.

The fact that there has not been an announcement before now, gives me some cautious optimism that the shareholders will not be shafted. Given that the market cap of the company is only £1.24m v NA's of £5m, I have dipped my toe back in the murky water over the last couple of days.

Let's see if my antenna is working, and we see an RNS in the next couple of weeks. Good luck to all long-term holders.

[mudbath] 15/2/2012 10:18

Cant help you on that one poombear.
I have scanned all likely sources for an outcome,to no avail.
No doubt AR will update us in due course.

[poombear] 13/2/2012 11:31

"The Tribunal holds a hearing on jurisdiction and merits in Washington"

Doe's that mean the case has happened and we are waiting for a decision, or is this just another stage before the actual trial?

Assuming (hoping) the first, any idea how long it take before we get a judgement?

[mudbath] 08/2/2012 11:09

Hello firth.
My broker has been quoting MTT @ 3.85 / 4.15 pence for what seems like weeks now;meaning that,as with your purchase,buys showed as sells.
Yesterday the spread was moved upwards by 0.3pence.
A good entry point for you.
Plenty of risk involved;yet with a fair wind(TNPV invest)you could achieve a 50% gain over coming weeks.
Mud.

[firth] 08/2/2012 09:39

Hi Mudbath,
Just to let you know I have picked up a a couple of £k worth. 4.35p.

[mudbath] 07/2/2012 18:38

Possibly any ruling from the late January 2012 hearing is currently reserved then poombear.
Looks as though MTT might be about to make an announcement,having regard to the fact that one can still sell in size and in view of the further price uptick.
Certainly one is now overdue.

[poombear] 07/2/2012 16:16

Metal-Tech Ltd. v. Republic of Uzbekistan (ICSID Case No. ARB/10/3)


Original Arbitration Proceeding
Date
Development

February 04, 2010 The Secretary-General registers a request for the institution of arbitration proceedings.
June 28, 2010 The Tribunal is constituted. Its members are: Gabrielle Kaufmann-Kohler (Swiss), President; John Townsend (U.S.); and Claus von Wobeser (Mexican).
August 03, 2010 The Tribunal holds a first session by telephone conference.
November 11, 2010 The Respondent files a memorial on jurisdiction, admissibility and bifurcation.
February 11, 2011 The Claimant files a statement of claim and a counter-memorial on jurisdiction and bifurcation.
February 24, 2011 The Tribunal holds a hearing on the Respondent's request to address its objections to jurisdiction and admissibility as a preliminary question.
March 08, 2011 The Tribunal issues a procedural order concerning the Respondent's request to address its objections to jurisdiction and admissibility as a preliminary question.
June 02, 2011 The Respondent files a counter-memorial on the merits and a reply on jurisdiction.
July 14, 2011 The Tribunal issues a procedural order concerning production of documents.
September 09, 2011 The Claimant files a reply on the merits and a rejoinder on jurisdiction.
November 23, 2011 The Respondent files a rejoinder on the merits.
December 07, 2011 The Tribunal holds a pre-hearing organizational meeting with the parties by telephone conference.
December 13, 2011 The Tribunal issues Procedural Order No. 3 concerning production of documents, the procedural calendar, and the organization of the hearing on jurisdiction and merits.
December 22, 2011 The Tribunal issues Procedural Order No. 4 concerning production of documents and examination of witnesses.
January 13, 2012 The Tribunal issues Procedural Order No. 5 concerning the PCA's review of documents, production of documents, and confidentiality.
January 15, 2012 The Tribunal issues Procedural Order No. 6 concerning the organization of the hearing on jurisdiction and merits.
January 23, 2012 - January 28, 2012 The Tribunal holds a hearing on jurisdiction and merits in Washington, D.C.

[mudbath] 04/2/2012 10:13

I see that Technoplus exited another of their investments last month;the second similar transaction since signing the MOU with MTT.The TNPV share price is moving up as well.
Jan 5th 2012
"Riverbed Technology, Inc. (NasdaqGS: RVBD) acquired Expand Networks, Inc. from TechnoPlus Ventures Ltd"(and others).

(Expand Networks:- Foundation WAN Optimization
VDI & Virtualization
Server Based Computing
Branch Office Server Consolidation)

Looking at TNPV investments,I would observe that MTT is way out of their comfort zone.My gut feeling is that TNPV are acting as transient intermediaries for a Chinese or South American corporate wishing to acquire MTT's technologies.

Risky,yet imo,an interesting punt if buying in at around 4.5pence.

Any views ?

[mudbath] 02/2/2012 15:29

P.O.B.
20 pence my son?
Surely you wouldn't rob an old man.
Aik.

[mudbath] 01/2/2012 10:17

An update on the MOU is due today, or tomorrow at the latest.
Don't hold your breath though.

[yewtrees] 28/1/2012 10:34

Are you selling?

[mudbath] 23/1/2012 10:04

An update on the MOU between MTT and TNPV is due by February 5th 2012 .
Whilst there has been a deathly silence from MTT,at least the share price has edged up slightly and it is possible to sell in the market currently.

[pomp circumstance] 09/1/2012 20:03

and again!

[pomp circumstance] 05/1/2012 08:33

Movement :)

[mudbath] 20/12/2011 17:30

I hold a serious quantity yewtrees.(regrettably)

[yewtrees] 20/12/2011 16:25

Has everyone sold up or is anyone hanging on?

[lovaine] 19/12/2011 17:06

The announcement on Oct4th incorporated the following statement of intent from TNPV,

"Subject to closing, Technoplus will be given the rights to appoint representatives to the Board of Directors of the Company, and shall be involved in the management of the Company's business operations."

Should TNPV invest,then MTT Board resignations would be required to make way for TNPV nominations.Could be that recent resignations reflect the need for such a scenario.

[steve36] 19/12/2011 16:37

No idea, but there does appear to a regular flow of directors leaving for personal reasons

[pomp circumstance] 19/12/2011 15:42

Whats this mean in terms of delisting!

19 December 2011

19 December 2011

Metal-Tech Ltd

("Metal-Tech" or "the Company")

Directorate Change

Metal-Tech, the producer and recycler of speciality metals such as Tungsten and Molybdenum, announces that Mr. David Gilboa has resigned from his position as a Statutory External Director of the Company for personal reasons with immediate effect.

The Company will make an announcement once an appropriate replacement has been appointed.

Aik Rosenberg, Executive Chairman and CEO of Metal-Tech, said: "I would like to take this opportunity to thank Mr. Gilboa for his invaluable contribution. We wish him well in the future."

[mister md] 07/12/2011 16:28

I remember back in Jan when my portfolio was looking very healthy with MTT at 20p...

[mudbath] 07/12/2011 16:13

Or was that "down"?
Memo to self,keep clear of any company choosing to conduct business with the Republic of Uzbekistan.

[mudbath] 27/10/2011 10:42

IMO potential investors are going to kick themselves within a 3 month time scale for not buying MTT stock aggressively at around 5 pence.Depressed trading levels are similar to trading bubbles in that they are difficult to identify until after they have ended or burst.
Again IMO,MTT are about to revert to a more appropriate trading range(given known risks)of circa 7 to 8pence.
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My next posting will be,"and up she goes".(trust me!)
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