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
  -0.125p -4.00% 3.00p 2.75p 3.25p 3.125p 3.00p 3.00p 1,256,984 16:14:59
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 5.8 -20.5 -1.0 - 62.14

Metals Exploration Share Discussion Threads

Showing 4751 to 4774 of 4775 messages
Chat Pages: 191  190  189  188  187  186  185  184  183  182  181  180  Older
DateSubjectAuthorDiscuss
13/12/2017
09:46
Got to agree. Time for the incumbents to step aside from this gravy train for life.
meijiman
13/12/2017
09:30
Unfortunately the 29000 ounces is the contained gold in the ore mined to date this quarter. There is no figure given for production to date this quarter or now expected for the quarter. But given that Q4 started slowly and is ending slowly I cannot see production being much more than the 9000 ounces in Q3. Maybe we will breakeven? All aspects of the mine, except BIOX recovery, seem to be working at or above design and the grade is also as expected. If recovery was also at design the mine would be making good profits and paying off the debt to schedule. What makes this so frustrating is that there have now been two BIOX failures caused by "operator error". This is really a failure of management to design operating processes that are failsafe. Even now, the whole mine is not protected from further operator error. So the owners and shareholders are travelling in hope, which is not good enough. The time has definitely come to replace management. The risk of losing the mine to the banks is too high to continue as things are. Can somebody better organised than me, post the current repayment schedule, both for the original debt and for the mezzanine finance? TIA
seemore
13/12/2017
09:17
Will there be enough gold sold to pay the debt installment at the end of December?
don julian
13/12/2017
08:57
yep, that's what I took from it 29,000 ounces of recovered gold from the last quarter, and that's peaking at up to 75%, what was the original forecast 100,000 per annum, as long as they can get past these processing mishaps which the latest seems to have been an operating error then it should be blue skies. Agree Rupert pulling in 40,000 ounces per quarter would be some good going 40% improvement on original estimates, but for now i'm happy with the update we appear to be going the right way.
achillesheel
13/12/2017
08:49
The BIOX saga continues. However the fundamentals look quite encouraging. In the past 2 months and a week before the problem, MTL have recovered 29,000 ounces. That was with recovery rates peaking at 75%. Without the BIOX setback and with a more consistent recovery rate, the quarterly figure might have been closer to 40,000 ounces. And that is well ahead of target. Even at 29,000 ounces for a full quarter, it is averaging 116,000 per annum. Ifs and buts. . . .
rupert1
29/11/2017
22:29
It's only what has already been released to market though, the mgb are quite quick at getting the quarters production rates out so maybe some indication prior to then if we dont have an rns from mtl.
achillesheel
29/11/2017
12:30
Ok cheers for that!
giantpeach2
29/11/2017
09:23
When BSRT give their monthly NAV around about the 6th of each month they sometimes comment on progress at MTL, which is one of their larger investments.
don julian
28/11/2017
16:50
Will we not get a update on how plant etc is all working before that!!
giantpeach2
28/11/2017
15:42
Whenever a few sells drop the share price there's a buyer scooping them all up, 590K taken earlier, 8 weeks to go until results.
achillesheel
10/11/2017
08:54
Well said achillesheel.
giantpeach2
09/11/2017
23:59
He got the new appointed broker spot on quite a while before it was released to market so in my view he has more credibility than most, why would the company not survive they have met all their banking covenants, permits are all in place now including magazine storage, biox was at 27.5% on 30th September so barring any issues there is high chance that throughput has increased over the past six weeks. If you are purely a fundamental investor then maybe aim isn't for you, but then again you are not even invested in this stock so i have no idea why you keep popping back with broken english to repeat the same comments without even offering any new facts to support your bearish stance.
achillesheel
09/11/2017
22:00
Seems you have a stalker wiseacre he's just been waiting all this time for you to post.
achillesheel
09/11/2017
21:23
Hope not source is not the same as the last 12 months
jailbird
09/11/2017
10:46
My source is good jailbird but I am sure you don't want me to end up in chokey whence you came!
wiseacre
08/11/2017
21:45
"Word from the Philippines" come on...you can do better than that
jailbird
08/11/2017
21:28
Could be the reason for that 800k buy but until i see it in an rns i dont want to get my hopes up only be dashed again.
achillesheel
08/11/2017
20:26
I would like to believe that but with so many set backs I am not holding out. I would have also expected a little more positive response to the share price too...
forevernever
08/11/2017
17:26
Lets hope so, would be nice to see a bit of good news. I think we deserve it!.
giantpeach2
08/11/2017
15:34
Word from the Philippines is that the Biox is working at over 50% capacity and mine now producing at a rate of 6000 0z a month.
wiseacre
27/10/2017
11:20
Chunky buys this morning!!!!
giantpeach2
12/10/2017
09:02
Holism, don t expect too much too soon. This is MTL after all! Only 4 weeks ago we were told the bugs had died. It takes 3 months to get them up to speed and that process won t start until the problems are fixed. Q3 and Q4 will be a write off. The quarterly operations update for Q1 2018 is the earliest at which we will get a true idea of the recovery rate and hence the annual output.
rupert1
12/10/2017
06:50
As anyone done a recent valuation based on an annual production of 100000oz per annum? There must come a time even for the current management when the bugs start to work.
holism
09/10/2017
18:08
And there is the 500k after the bell, will it tick up first thing like last time!!
giantpeach2
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