Metals Exploration Share Discussion Threads

[bookbroker] 02/5/2014 22:18

Does anyone know whether one of the Candy brothers still holding a stake in this co.?

[swizz] 02/4/2014 14:39

We now know were and who the 32.9M went to.......GL S

[holism] 26/3/2014 18:42

Thank goodness we all feel the same way. The only drawback appears to be liquidity but then who cares if the mine goes on for twenty years and we receive a healthy divi!

[rupert1] 25/3/2014 13:29

IMO 8-9p as soon as the funding is confirmed.
15-20p this time next year if we get to the first gold pour.
My target is 25-30p depending on the performance of gold. .
And if it all comes off I'll be very happy

[swizz] 24/3/2014 16:28

Wow, that is a chunky trade 32.9M for circa £2M.........GL S

[swizz] 23/3/2014 21:49

holism, fingers crossed, IMHO I don't see a share price of circa 12p being to difficult a task in 12 months, taking into account the expected news flow and asset potential........GL S

[holism] 22/3/2014 07:24

Looking good at last swizz I remember my broker telling me to expect a return of 40% pa when the share price was 10p. He could be right.

[swizz] 21/3/2014 11:19

Breakout developing?.........GL S

[swizz] 18/3/2014 20:53

Proactive Investor thoughts on Gold Miners.....GL S


Canaccord raises price targets for gold miners by an average 25%
Tuesday, March 18, 2014 by Proactive Investors

[swizz] 16/3/2014 16:05

holism, spot on and very surprised this not on the radar of the wider investment community, but at least I have been able build my position at prices between 5.5p to 6p.....GL S

[holism] 13/3/2014 16:55

Holzberger is a top man, this is a well run company with low production costs and a 10 year mine life of 95koz per annum. If I had some spare cash....

[swizz] 11/3/2014 09:11

The mkt also appears to have a seller in the background, so with the renewed interest it will hopefully clear any back log........GL S

[rupert1] 11/3/2014 09:00

As soon as they can confirm the finance deal, we are in business here. The Gold price chart is showing positive signs, just at the right time.

It looks like we have a few new investors this morning on the back of this, which is good news.

[swizz] 11/3/2014 07:08

On track and in budget for Q4 production and debt finance DD nearing completion....GL S

Ian Holzberger, Executive Chairman, commented:

"Metals Exploration continues to make good progress on the construction of the Runruno gold project. As at 31 January, the Project was 46% complete and importantly remains on track and within budget to support the objective of commencing commissioning Q4 2014.

A key component in this is to finalise the US$70 million debt facility required to conclude the remaining financing requirements. I am pleased to report that banking due diligence workflows are progressing satisfactorily and nearing completion.

At site, mining activities have begun from within the pit outline and over the next nine months will fully expose the ore body in readiness for production. The on-site infrastructure is now fully operational to support the processing plant and residual storage construction activities and it is pleasing to begin taking delivery of the mechanical equipment to be used in the processing plant."

For associated images, please click on, or paste the following link in to your web browser:

Link...

[rupert1] 03/3/2014 13:59

Looking at the updated website pictures, the main plant has not started construction yet. I imagine they are holding fire until the funding is in place and wisely so. However I would not be surprised to see a further delay in the date of the first gold pour when the funding announcement is made.

With average production cost of only $442 per ounce (i.e. $900 margin on current price), 101,000 ounce p.a. average production over the first 5 years, 62% of the capex already raised in equity and only $70m sought in funding, you would think it is an attractive proposition. Let's hope the management team are driving a tough bargain for the shareholders.

[holism] 03/3/2014 09:46

Indeed I do hope so.

[swizz] 03/3/2014 09:09

With the writ dismissed, you would hope the next bit of news in the weeks ahead will be the debt funding plan secured?.......GL S

[swizz] 03/3/2014 08:59

Writ dismissed for a second time!.....GL S

Mr. Ian Holzberger, Chairman of the Company commented "this is the second time in two years FCF Minerals Corporation has defended itself against a Writ of Kalikasan and we are very happy with the rulings of the Court Of Appeals in Manila. The Company prides itself as a responsible miner and recognizes completely its obligations to the environment as dictated in its Financial and Technical Assistance Agreement (FTAA). We have an obligation to protect and rehabilitate that part of the contract area of the FTAA which FCF will utilize in its mining operations. FCF chooses to rehabilitate on a continuing basis and as quickly as possible, working closely with the responsible authorities, in particular the Mines and Geosciences Bureau to uphold and deliver our obligations. In closing I reiterate my statement on the previous ruling "FCF will always vigorously defend its position as a leader in observing environmental laws and obligations. This lawsuit was vexatious and devious from its inception but FCF, together with the DENR, MGB and NCIP were resolute in defending its entitlement to mine in the contract area provided it in its Financial or Technical Assistance Agreement with the Philippine government. Our focus had been marginally diverted whilst we sought to dismiss these writs and now we have successfully achieved this we can continue the important work of putting Runruno into production, and always mindful of our duty of care to the environment as we progress".

Link....

[swizz] 24/2/2014 16:16

Gold looking perky again at $1338.......GL S

[lord badger] 24/2/2014 10:59

As long as a stranger on a pale horse doesn't ride into Runruno any time soon I agree holism.

[holism] 21/2/2014 17:40

I am quietly confident this share, unlike most junior miners, has a positive future.

[lord badger] 21/2/2014 14:34

Some encouraging new images of Runruno on the MTL web site. They are fairly good at updating the web site with new images and you know what they say about a picture...

Feels like a modern day equivalent of the setting for the film Pale Rider. Lets hope there aren'e any further similarities because that didn't exactly work out well for the large scale miner!

[swizz] 21/2/2014 14:00

Raise the flag!..someone has bought a few shares!.....GL S

[swizz] 13/2/2014 15:57

Gold price heading to $1300, will hopefully help the debt plan discussions....GL S

[swizz] 12/2/2014 15:57

Further interest and we are positive for the day...(for the moment).....GL S