Metals Exploration Share Discussion Threads

[lord badger] 12/12/2014 19:26

I expect they're dropping as part of the broader market sell-off, and yes, small volumes are moving the share price The typhoon was downgraded to a tropical storm at landfall and crossed the coast 350km south. It didn't even merit a comment from the company as last year's typhoon did.

[holism] 12/12/2014 18:41

For what reason, there are so few shares available, the liquidity is small. I guess a small trade would do that at the moment. We are so near production now it would seem mad to sell. But there you go!! Typhoon??

[giantpeach2] 12/12/2014 17:33

Well I am not bright and certainly not young, but the share price looks like its heading under 5p.

[lord badger] 09/12/2014 11:09

It seems the house broker, share price Angel, are still touting the 15p share price they were touting 18 months ago despite the 13% drop in gold price, 8% increase in operating costs per oz Au and 67% increase in shares in issue.

Would any of you bright young things care to cast a rule over the numbers and propose a more scientific SP?

[rupert1] 30/9/2014 09:51

Can't see anything material in the announcement today that we didn't already know.

It could be the last time to pick up shares at 7.00p and it should show a good return over the next 12 months.

[rupert1] 17/9/2014 09:04

First gold pour now October 2015, that's Q4 in my book.

Look on the bright side, more time for the global economy to stutter and gold prices to recover!

[swizz] 17/9/2014 08:20

The waiting patiently has to go on a little longer.......GL S

From todays Op's update......

"Although our exploration drilling activities have been temporarily suspended while the Company's resources are focused on delivering the Project, they will resume at the earliest opportunity to further test the highly potential Runruno FTAA for additional gold deposits and for the discovery of new copper mineralisation."

"Unfortunately the late finalisation of detailed design by contracted design engineers will push back the commencement of the commissioning of the processing plant to the second quarter 2015. However this slight setback is offset by the construction continuing to track within budget."

Link....

[holism] 09/7/2014 16:23

good move indeed, but lots more to come in the next 12 months.

[rupert1] 09/7/2014 15:53

A rather delayed reaction to the funding news, but welcome nonetheless. Still gunning for 15-20p by first gold pour.

[swizz] 09/7/2014 13:05

material change starting to show in the share price .........GL S

[rupert1] 02/7/2014 20:17

Dave, How was the mood at the AGM last week? The AGM presentation is not yet on their website - were the numbers materially changed?

[davegk] 25/6/2014 15:03

I am going to the AGM tomorrow, is anybody else going?

[holism] 29/5/2014 07:36

Yes 40p and a spike for 30 mins to 49 I seem to recall.Very few shares then and the hype of a 25 year mine. No hype today but a very good investment at the current share price IMO. Well managed and funded.

[giantpeach2] 28/5/2014 16:52

Chunky buying on the back of the rns, just surprised it has not lifted a bit more. Time to sink in and away we go back to the good old days, this got into the 40p region 10 years back.

[rupert1] 28/5/2014 12:14

Glad I was able to push them to close it out!

[bad robot] 28/5/2014 12:06

This should booooom now

[swizz] 28/5/2014 12:02

Debt financing deal concluded and production does indeed appear to be set for Q1 2015........GL S

Link....



Mr. Ian Holzberger, Executive Chairman of Metals Exploration plc and President of FCF Minerals Corporation, commented:

"I am extremely pleased to announce that the Company has agreed terms with two major and reputable international resource banks and signed this US$83 million debt financing facility which will provide the balance of funding required to take the Company's flagship gold project through the remainder of the construction phase, plant commissioning and subsequently well into gold production.

"It is an outstanding achievement for a company of our size, particularly as it was completed against the backdrop of a challenging finance environment for small capitalised mining companies. Shareholders should also gain further confidence that the Runruno Gold Project complies with the due diligence requirements of such a well-credentialed debt syndicate.

"Funds are expected to commence being available to draw down from the end of this month which will allow construction works to continue in line for plant commissioning commencing in Q1 2015."

[meijiman] 28/5/2014 11:56

Rupert1-read today's RNS!!

[rupert1] 27/5/2014 15:21

The most interesting part of the report to me was....

'Throughout the second half of 2013 and into Q2 2014 management has been intensely involved in debt funding negotiations with a major international resource bank and subsequently a second partner international resource bank. ......... Were it to transpire there is a delay in finalisation of the facility documentation the impact of this would affect the project schedule by slowing down project progression.'

A pretty clear marker has been put down that production is likely to be delayed into 2015. Let's hope it's not later than Q1 2015.

Moreover it is a bit worrying that they cannot close the funding out. This issue has been on the table for 2 years or more. Given the relatively low LTV and the much improved lending environment, there must be a good reason it has taken so long. It is now threatening the delivery timetable, and potentially the whole company if they don't close it quickly. The shareholders really don't want another back door take over attempt by Mr Candy if the funding package fails to deliver.

[holism] 09/5/2014 16:39

candy still involved and supportive i am told. Many of us thought his involvement would be short term and detrimental, but we were wrong.

[rupert1] 08/5/2014 19:02

The price is ticking up nicely ahead of a funding announcement. However they had better get on with it, as the construction is due to be finished in the next 8 months!

[swizz] 08/5/2014 08:52

Gp, indeed and the nibbles are continuing, perhaps we are about to see some news coming through?.........GL S

[giantpeach2] 07/5/2014 12:15

chart looking very good, buyers having a nibble to i see, expect this to rise nicely upto xmas.