Metal-tech Share Discussion Threads

[wrmsj00] 02/5/2012 11:57

Here is a financial summaryfrom theinterims....revenues up 40%....have read..

Financial Summary:

-- Revenue increased 40% to US$29.9m (H1 2010: US$21.3m), reflecting increased prices of Tungsten

-- Gross profit increased to US$3.9m in (H1 2010: US$0.3m loss), due to tight cost control measures and an increase in Tungsten prices

-- Net Profit of US$2.5m (H1 2010: US$5.4m loss)

-- Income incurred by deconsolidation of a subsidiary that ceased being consolidated, Shim-Technology Co. Ltd. ("Shim-Tech"), the Company's Mongolian subsidiary, of US$3.5m (H1 2010: US$1.4 loss) presented in discontinued operations

-- Operating expenses as a percentage of revenue reduced to 13% (H1 2010: 16%)

-- Bank debt was US$20.7m at 30 June 2011 (31 December 2010: US$21.9m after neutralisation of US$6.7m loan of non consolidated subsidiary)

-- Cash, cash deposits and restricted cash balance at 30 June 2011 were US$6.4m (31 December 2010: US$7.3m). The restricted cash at 30 June 2011 was US$5.6m (31 December 2010: US$5.1m)

-- Positive cash flow from operating activities US$1.5m (31 December 2010: negative US$1.0m)

Operational Summary:

-- Average selling Tungsten prices increased 64% compared with the same period last year

-- On 31 March 2011, a four-month industrial pilot phase for the validation of the Company's novel molybdenum extraction technology was completed satisfactorily under the supervision of a major publicly-traded international Chilean copper/molybdenum company. Negotiations regarding the implementation of the project have started, however it is currently difficult to assess if or when and what type of project will be implemented and any associated financial outcome to the Company

-- Tightly managed costs and cash flow to improve efficiency while maintaining strong focus on R&D in strategic areas.

[doodle1] 02/5/2012 11:52

know all about the debt right off and added to the books steve36......so now you have spotted that you must off also spotted the positives?

[steve36] 02/5/2012 11:42

The references to a H1 profit of $2.5m are a bit misleading. There was a one off exceptional credit of $3.5m as a result of the deconsolidation of Shim-Tech, without that MTT made a loss.

[wrmsj00] 02/5/2012 10:52

someone is mopping up....looking good...now 5k at full ask

[ducatiman] 02/5/2012 10:36

now only 1k, very encouraging indeed.

[wrmsj00] 02/5/2012 10:09

5k available online at full ask

[doodle1] 02/5/2012 09:49

ductaiman - tried dummy buy with Barcs, could not get quote for £1k worth, max was £500.....

[ducatiman] 02/5/2012 09:45

ONLY 5K OFFERED ONLINE DESPITE THOSE SELLS

[wrmsj00] 02/5/2012 09:43

those that sold may be trying to sell at high and buy lower, but they need to appreciate that opertional update is due soon along with the finals which could include news about the arbitration. In my view mms know that and won't allow the share price to drift lower any more and then again i could be wrong.

[doodle1] 02/5/2012 09:36

they picked off a few at 14.5 bid there

[wrmsj00] 02/5/2012 09:20

10k available online, now there ia an opportunity...

[luckyjonah] 02/5/2012 09:19

Current market cap still just £5m. Although the business has changed significantly since, in 2005 they made $16m net profit, 2007 they were still paying 3.1c divi, and in 2008 they still had turnover of $138m. H1 we had net profit of $2.5m, so finals should certainly be interesting if things have improved!

[sideshowbull] 02/5/2012 08:54

100 pieces offered @15p lol

[doodle1] 02/5/2012 08:52

was that the result of the 5k order then?

[doodle1] 02/5/2012 08:49

that it would, but much will they want to fill it?

[sideshowbull] 02/5/2012 08:44

5k order should have them running for the hills

[wrmsj00] 02/5/2012 08:39

morning chaps and chappies...

same old offerings from the mms as yesterday..only 1k available online at full ask, anything above needs to be routed to a broker. In my view the finals will be good as the interims were, so there is no reason why the finals won't be better than interims as the co. has not told us otherwise. In addition there is the arbitration which should be concluded soon. Combined with few shares in circulation the share price could explode on any good news, as we all know it is not possible to buy in excessive quantity.

[doodle1] 02/5/2012 07:28

was expecting to see another RNS like Monday's today...

[battlebus2] 01/5/2012 19:35

I knew these would rocket when Mudbath went on hols ;)

[wrmsj00] 01/5/2012 15:59

although the 0ffer has moved on the ask price is still 1k..mms don't appear to hold any stock.

[wrmsj00] 01/5/2012 14:34

not much stock in circulation, most held by Mr Rosenburg.

[mister md] 01/5/2012 14:21

lol, couple of small buys and the price ticks up again

[sideshowbull] 01/5/2012 14:07

5K '13.5p was limit order -took 42 mins to fill!

[unionhall] 01/5/2012 14:01

The NMS is 5,000

So if you do a fill or kill for 5,000 at offer price the MM's must fill it.