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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Metals Exploration Plc | MTL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.10 | 1.94% | 5.25 | 15:08:39 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 5.20 | 5.15 | 5.30 | 5.25 | 5.15 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 12/4/2024 10:14 by johnybigarms MTL is a success storey in progress, the fact that’s it’s still moderately unknown means it needs the prospects shouting out loud, it’s not ramping if it’s accurate, it’s letting others know what they may be missing. |
Posted at 06/4/2024 13:44 by sparki2 Yes, all to play for here.Management, in the shape of Darren Boden and his team have got a big green light to execute their exciting expansion plans for the company by their achievement of the award winning safety record and the outstanding financial performance at Runruno.If, as The Aden Sisters predict, we are in the throes of the continuation of this strong Wave C (up-wave) in this bull market for gold the free cash flow generation is just going pile up and pile up into a very big pile!With its £100m market cap, that strong cash flow, the groundswell of excitement about the possible gold and copper grades at the Abra tenement, plus the additional M&A prospects, agile Institutional Investors will want to be aboard this fledgling as the growth story unfolds.Longer term, I for one, will not be betting against Darren Boden achieving his ambition of building MTL, as a regional player, into a $2b company (or was it £2b?) - perfectly happy with either! For the record, this does not actually imply a 100p share price, because some dilution should be expected, (but no problem with that because any dilution would be at significantly higher prices than today's price).My target price for this year is also 10p but exploration success could make this look very cheap indeed.GLAIMHO/DYOR |
Posted at 05/4/2024 16:12 by mattjos I'll re-post this courtesy of leehardcastle on other thread:Gold is at all time highs MTL is debt free and has been for 2 weeks MTL is building savings at $1/4 million a day Darren Bowden stated in Feb 2024 via an interview that we will not dilute or require further loans 4 years Runruno life of mine at 1.29g/t average making up to 80k ounce per annum $1100 to $1150 dollars per once clear profit at current gold prices. $90 million free flow cash generation per year at current prices Abra tenement purchase for $1.6 million to take place in June Small scale high grade mining plants on the Abra tenement is Darren’s Bowden’s fast route to additional incomes, costs around $10 million up and running in 1 to 2 years Gold predicted to hit $2500 dollars this year New Chairman is just that, the Chairman, employed for his mining experience, Darren Bowden runs MTL. £200 million Market cap would be fair value for MTL in our current financial position. £2000 million ambition stated by Darren Bowden, stating we are the number 1 mining firm in the Philippines, the “Bell of the ball” |
Posted at 23/3/2024 16:24 by johnybigarms We have our Q1 results to review in few weeks, Gold average will be a good $90 dollars above the last results, at 19k to 20k ounces average production we should have generated well over $40 million income, we could actually be debt free at the end of this quarter, but if not it should be only a week or two additional mining to actually achieve the debt free milestone.At current gold prices we should be producing $80 million free flow cash per year, our tax free period will come to an end but I’m hoping we will have a few quarters free of tax using tax losses from previous years. Should just $12 million of that $80 million be paid as a dividend, that’s 0.5p dividend per share or a 12.5% dividend yield at our current share-price, but I feel the share price would be nearer 10p at that point, a £200 million market cap paying a 5% dividend. Our market cap is £85 million today and we will generate £60 million free flow cash before tax in 2024, with 2025 2026 and 2027 set to repeat those incomes, this is without the Abra tenement income that could be worked creating cash with a small scale low cost set up, online in just a year or two, giving us multiple incomes. Long term we have decided to close the current mine in 2028 and move the infrastructure to the Abra tenement to carry on with a large scale production over another decade or so with luck, results on gold and copper stocks pending but Darren Bowden hasn’t decided to purchase this tenement blind, I’m confident he knows it’s a viable project already, after all the sample drill rig is on site, it’s likely it’s been working and loose results are already in those with the know. Hope that helps those looking in and wondering should they invest. |
Posted at 22/3/2024 17:33 by ih_845578 Have been buying Mtl since June 2022. 12250000 at weighted average price of 1.67 pence.First dividend will be 0.5 pence when Mtl are trading at about 10 to 12 pence IMHO. VGLA |
Posted at 08/3/2024 13:29 by johnybigarms Marmalade your correct, $5 million quoted to close Runruno in 4 to 5 years, we know the average grade is 1.29g per tonne for the next 4 years, with an upper estimate recovery of 80k ounces this year, but remember Darren Bowden has beaten upper estimates in 2022 and 2023 so I’m confident in at least 80k ounces at around $1000 dollars profit at current rates, that $80 million free float in 1 year, Darren Bowden was taking his $60 to $70 estimates at under $2000 dollar gold.4 years of 1.29g average is the assurance we needed, we are on target to make $300 million plus profit before spending on aquisitions and paying some tax, I imagine the more Darren Spends on aquisitions the less tax to be paid, so it actually saves us cash to spend on our future. Market caps are around 7 to 20 times clear profit for producing profitable gold miners, the variation depending on size of company, dividend yield and security of the mining location, so in the next year we can expect a market cap of 7 times profit, what’s that? £400 million at a guess would be fair value, at £90 million today it’s clear we have a long way to catch up, if gold flys to new higher highs or the tenement proves to be gold and copper rich then I see nearer 20p than 10p in 12 months time as the market sees the huge potential amongst the large war chest of cash accumulation, a small dividend would be a clever move as even 0.5p a share per annum would be money well spent as it would double the share price again in an instant, as you would have an income along side share price growth, 0.5p is just $12 million dollars per annum taken from the war chest, but at 10p a share is a 5% return and would attract a different kind of investor. Sit and enjoy the ride, it’s literally just getting going. |
Posted at 16/2/2024 12:02 by sparki2 Yes, I also think this is an outstanding opportunity - Daren is a highly experienced operator in the sector; he and his team have demonstrated very clearly their capacity and ability to deliver the goods by the way in which they have turned Runruno around from the dire situation it was in, which had threatened the very future of MTL.I think it is on the cards we will be debt free by the end of March, then the cash pile will start to accumulate quickly. This cash generation in the last few years of mine life at Runruno will provide a very strong platform upon which to execute the expansion plans which have been well explained by DB.Nick Candy clearly recognises the potential to build upon the recovery that has been achieved by Boden and his team with the opportunity this has now created of developing MTL into a major player in the Philippines and in the larger region. It feels like the strong cash position will easily satisfy current plans so there will be no need for any low-ball dilution of the equity - I'm not expecting any dilution below around 8p per share (market cap of c. £168m).As the significance of the development plan gains growing recognition and milestones are achieved the current market cap of around £55m could look like it was a real snip.AIMO/DYOR and GLA |
Posted at 15/1/2024 10:14 by jedi k Metals Exploration(LN: MTL)Early stage exploration acquisitionMetals Exploration ("MTL") has announced that it has entered into an agreement to acquire a controlling interest in the 'YMC Group' that holds exploration tenements in the Abra area of northern Luzon in the Philippines that are prospective for gold and copper. The acquisition cost is US$1.6m in cash and options to subscribe for 41m new shares in the company. We view this as a positive for MTL as, based on the current reserve, the company's Runruno mine should be depleted in 2027. These early stage projects, however, appear to be highly prospective and given the company's existing operation in the country it should be well positioned to expedite exploration and development. We value MTL at GBp 4.23/share. |
Posted at 04/1/2024 09:15 by johnybigarms It’s the dividend statement that sent AAZ flying, once you have an income for holding MTL the price rises on that basis, AAZ rocketed and the dividend ended at around 5%If MTL can make $80 million clear per annum then at least $20 million would be paid in the form of 0.8p a share, that’s 30% of todays price, so the you can expect to 3 fold the current share price (9p) and it would return a 10% dividend to us loyal shareholders in the short term, long term will require the cash rich company to both expand current land banks or acquire new gold rich land banks, either way MTL will have both the skill and cash to run for decades, MTL being the darlings of the Philippine government with multiple mining awards, licences will be a breeze, where would that take MTLs shareprice? Huge long term upside. |
Posted at 21/9/2023 08:00 by stockbuilder Hello swanvestaThat’s not quite the whole story. MTL Lux and RHL have been major shareholders for a long time. MTL lux is a holding company separate from MTL plc. Prior to the management changes of 2018/2019, they had both lent money to MTL alongside banks. The 2020 share suspension resulted in the two major shareholders buying the debt from the banks, restructuring the other debts into a senior and mezzanine facility and agreeing more sustainable interest rates (originally 15% Senior/7% mezzanine). MTL has paid off the mezzanine component and the senior debt remains now at a reduced interest rate of 7%. RHL have been dragging the process of formally converting the senior debt to 7% (as was originally agreed) following repayment of mezzanine, but as far as I know MTL has been paying 7% pending a formal agreement (which involves renotifying the debt to authorities). MTL is on course to repay its debts in full next year. The situation is not new in the sense there has always been (apparent) tension between the two major shareholders. There is a relationship agreement ratified in 2021 which governs the relationship between MTL plc and the two major shareholders. The text is not public but MTL does specify that protects the board’s independence. It would therefore be fairer to say that these are long standing issues. RHL is by no means new on the scene though. |
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