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
  -0.25p -8.00% 2.875p 2.75p 3.00p 3.125p 2.875p 3.125p 1,594,266.00 12:30:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 0.2 -0.2 - 59.55

Metals Exploration Share Discussion Threads

Showing 4401 to 4423 of 4425 messages
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DateSubjectAuthorDiscuss
28/4/2017
16:17
sleeven if you look you will see that on the 4 april they also had gold at refinery totalling 1,851 ounces; so that is worth $2.31m, So that would make cash down 4 days latter to $1.3m. Or would you think those 1851 ounces were done in the 4 days in april?
peterpowell21
28/4/2017
16:05
My mistake $ 11.19. Receipts from gold sales 9.45 Operating expenditure (11.19) cash down by $3.6m.
sleveen
28/4/2017
16:05
giantpeach just one. i was going to wait to see if there would be a placing, but at that price i just took them.
peterpowell21
28/4/2017
16:05
I took another 100K
achillesheel
28/4/2017
16:01
sleveen Cash movements & balances (unaudited) Quarter ended 31 March 2017 US$M Receipts from gold sales 9.45 Operating expenditure (11.19) Corporate costs (0.35) Cash flows before finance costs (2.09) Interest and financing costs paid (1.83) Principal repayments - Gold hedge and interest rate swap settlements 0.36 Net movement for quarter (3.56) Cash balance at start of quarter 7.38 Cash balance at end of quarter 3.82 i agree it was not a profit, but you have to ramp up the project. it probably would have made a profit in this quarter if it was not for the weather. i would say they will be in profit end of this quarter.
peterpowell21
28/4/2017
15:46
"market cap £58m gold sales from last quarter were $9.4m" probably cost $11m to produce.
sleveen
28/4/2017
15:44
Was both the 250k trades yours pp
giantpeach2
28/4/2017
13:33
meijiman well no one could argue that you are wrong. but looking at the opps RNS i can see that they have now turned a corner here. market cap £58m gold sales from last quarter were $9.4m. That was with still ramping up and bad weather. this is priced to fail now. if lopes gets the boot this will fly. spin that wheel.
peterpowell21
28/4/2017
13:01
had to to take that chunk at 2.80
peterpowell21
28/4/2017
12:55
If Wayne Rooney had been in charge of this project from the beginning I'm sure it would have made greater progress. The executive Chairman must look into the mirror and see failure ..........
meijiman
28/4/2017
10:33
lopes will get passed over. She has no idea what she is doing. you have Trump/may and other leaders trying to bring companies back to there country to create employment, but she plans on killing an industry and putting hundreds of thousands of local people out of work. Well she might be a green nut case,but those lawmakers who have the power to reject her appointment are not. She know her days are numbered. liberals and greens really are a danger to the working man.
peterpowell21
28/4/2017
09:36
lets hope so.
giantpeach2
28/4/2017
09:35
Lopes confirmation hearing is next Wednesday, fingers crossed she gets passed over for the final time.
achillesheel
27/4/2017
20:59
The more money peterprowler loses the better.
highasakite
27/4/2017
18:38
Everyone here has lost money, that's a fact but fortunes will turn for the better I'm sure, keep positive and patient
johnybigarms1
27/4/2017
17:41
peterpowell21 - 18 Oct 2016 - 09:13:14 - 843 of 1749 Metals Exploration - The Investors thread - MTL i could not get any shares at 5.75 either. but i did get them at 5.76 on a spread bet with ig " NOW 3p ! Prowler has lost 50% !!!! LOL Prowler you are clueless gimp. You should have bought VOG old son.
highasakite
27/4/2017
16:26
SOLG.L market cap something like £300 million and years from producing, crazy but it seems people get off on what might happen than real solid hands on business, MTL value has to shine through at some point, media will pick up on it at some point
johnybigarms1
27/4/2017
16:21
Solg gold is another
johnybigarms1
27/4/2017
12:15
My thoughts too Peter, I came to $6 million too, as you say the need for cash is questionable, if they can produce say 12000 ounces this quarter as the ramp up is obviously picking up pace, then that would generate a small profit on costs and pay the loans due, surely that's the start of a stable platform, I reckon next quarter will be a turnaround, market cap at $60 million is a laugh, a mine with well over a $billion of gold before expanding the reserves.
johnybigarms1
27/4/2017
10:51
johny if you look at the facts, this update was in fact quite positive. In Q1 they produced 8,366 ounces of gold.They are still in the ramp up phase and they had problems with the supply of "inferior" low sulphide oxide ore produced from the mine during the extended rain season.the rainy season has now finished. So looking at the facts, if we were running at full speed we would be hoping to produce around 25,000 ounces of gold a quarter.They in fact did one third of that with being in the ramp up phase and having the problems as stated above. So not that bad. then we come to the positive part of the RNS. The crushing and grinding circuit is operating reliably at or above design throughput; · The gravity circuit is operating at design recoveries of 30%; · Flotation is operating soundly with performance around design when fed with sulphidic ores. Oxide ore feed compromises the flotation recovery; · The carbon in leach circuit is operating at or above design recovery when fed with BIOX® derived product; and · The ancillary systems including counter current decantation, neutralisation, reagents, cyanide destruction and residue disposal circuits are all operating to design. So whats not to like about the above? now lets look at the cash side. Cash balance at start of quarter $7.38m Cash balance at end of quarter $3.82m this included Interest and financing costs paid of $1.83m On 4 April 2017, the Group received cash proceeds of US $0.3 million in settlement of gold hedging totalling 7,500 ounces that matured on 31 March 2017. also they say "In addition, the Group had gold at refinery totalling 1,851 ounces; so about $2.2m So at the 4 april that would give them around $6.32m. So still a loss on the quarter but not that much. Do they really need money? it would help strengthen the bank balance thats for sure but it will depend on how progress ramps up this quarter.
peterpowell21
27/4/2017
10:43
Cheers Johnybigarms1
giantpeach2
27/4/2017
08:59
Metals Exploration Says Runruno Project Making Steady ProgressMon, 24th Apr 2017 13:41LONDON (Alliance News) - Metals Exploration PLC on Monday said it produced 8,366 ounces of gold dore bullion from its Runruno gold-molybdenum project in the Philippines in the first quarter of 2017, despite an "extremely challenging" time for the mining industry in the country.Metals Exploration said that the project remains in the "test running and debugging" phase. The project has made steady progress, Metals Exploration said, although at a lower rate than had initially planned due to technical issues, some external factors, and cash flow constraints."Currently the project is operating soundly as it continues ramp-up to design throughput and gold production with various unit-operations having achieved design throughput while others continue to ramp-up," the company said.Gold recoveries of 56% were achieved in the quarter, and the ramp-up of operations will continue into the second quarter.Metals Exploration highlighted increased regulation in the Philippines mining industry, which has led to some mining projects in the country being fully or partly suspended due to delays in receiving, extending or amending approvals, licences or permits.It noted that, to date, it is not subject to any suspension or closure order.Shares in Metals Exploration were down 3.7% at 3.25 pence Monday.By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNewsCopyright 2017 Alliance News Limited. All Rights Reserved.Alliance NewsPress release a couple of days ago, reads well, positives in there, a lot of questions answered, thought I would share it to give us battered share holders a glimmer of light
johnybigarms1
26/4/2017
08:30
2.76p to sell now. 3p to buy.plenty of buys. i would say its 99.9% certain there is a placing coming. it will be a shame as i can finally see this has turned that corner. but you normally get a chance to buy on the open market at or very near the placing price.
peterpowell21
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