Metals Exploration Share Discussion Threads

[lord badger] 14/4/2015 15:45

Actually I'm pretty sure these huge trades are chunks of stock being moved around; from one vehicle to another. I seem to remember something similar a while back when Ruffer appeared on the scene. Ruffer's holding now appears to be called a "Gold Fund", fancy shmancy!

[meijiman] 14/4/2015 15:22

Well at least this won't get taken private for a derisory amount.........hopefully

[lord badger] 14/4/2015 15:03

The web site image gallery has just been updated for March.

[lord badger] 14/4/2015 14:46

If the two are linked and represent a single 10m trade, then another 10m buy just went through. Odd how they're able to buy at such low prices, as if the market is contriving to drop the price for the purpose of the purchases "Care to purchase 10m shares in MTL? Wonderful, thank you sir, and could I drop the price for? Yes, great super, 10% OK with you? Smashing". Anyone would have though two 10m buys in two days might push the price up a bit!

[swizz] 14/4/2015 13:49

LB, Well that explains 1 of the trades.....GL S

[lord badger] 14/4/2015 13:46

RNS today:

Ruffer LLP now controls the voting rights over 173,346,785 shares (12.61% of the voting rights) of Metals Exploration Plc, which are held by the discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP).

This change from 11.88% to 12.61% is due to the purchase of 10,000,000 shares on 13 April 2015.

[lord badger] 13/4/2015 17:12

More twists and turns! Broker to broker? If not, that's one very large dump.

[swizz] 13/4/2015 16:58

Two chunky 10M trades tick through just after close, circa £750k that's a sizeable amount for any AIM company.....GL S

[fastbuck] 10/4/2015 13:52

Getting exciting soon then L.B., it does look like they have managed this project well, hopefully that continues into full production later this year.

[fastbuck] 09/4/2015 08:30

As a long term shareholder I have neglected the company whilst noting the slide in share price. Just getting back up to speed, is there a expected date for production. I see their loan repayments kick in at the year end and they have take-off agreements in place.

[lord badger] 07/4/2015 16:28

I know "one swallow" and all that but MTL trading was distinctly different today. I have 100% of trades as buys and the price actually rose, so clearly no seller in the background mopping up. What's more interesting is both buy and sell side market sizes are huge, 700,000 and 500,000 respectively: The buy side is normally large when there's a big sell in the background, but price movement indicates there isn't. The actual bid price, as opposed to the advertised bid price, is also tighter to the mid price than the actual ask, which to me is a strong, bullish sign. Perhaps today was new ISA money coming in - one trade looks to be at the ISA limit of £15,240!

What we need now is good PR: the news is good, everything on track, on budget, PoG stable...ish etc., it's just not getting out there.

[hutch_pod] 02/4/2015 11:57

Crikey that 0.85p trade made me eat my words!!

Guess it's a typo.

[hutch_pod] 02/4/2015 09:48

I guess with MTL, even 2m shares is 'only' £80k at these prices.

I also think it looks like the top up opportunity of the week/month/year!

[davegk] 02/4/2015 09:21

It certainly looks like there is a large sell order being worked. Large in relation to the small float that is.
My valuation of the company’s value when producing is between 12 and 13p per share, and commissioning is due in June.... but you can buy today at 3.875!
I have “topped up” on Tuesday Wednesday and again today.

[lord badger] 01/4/2015 19:27

What a crazy day. Surely there is a better way for the markets to report trade data than the current system, which is really no more than educated guessing. IMHO 100% of the trades today were buys but all but a few small trades show as sells. The mid price was around 3.75p for much of the afternoon, when most the the large trades went through. The ask was 4p but the ask execution price was at or just above the mid price. Thus I think 3.75p and above was a buy.

London must have the most sophisticated trading systems in the world yet trade data is reported on crazy automated guess work rather than actual hard data. It's a real problem for MTL with its tiny free float and low trading volumes; nothing is as it appears, which does little for potential investors' confidence.

Does anyone with an insider view on trade reporting methodology wish to comment?

[hutch_pod] 01/4/2015 13:38

Thanks! It's great how you can see that level of detail.

[lord badger] 01/4/2015 13:23

Extraordinary, buy side market size over 500,000 shares at 3.87p, under the mid price! Must be one hell of a big sell being filled.

[lord badger] 01/4/2015 13:19

I'd say there is a big sell order being filled in the background. The buy side market size is back up to around 300,00 shares, as it was when the last big sell order was being filled. How low can this go? Market cap now £50m!

[hutch_pod] 01/4/2015 13:15

As far as i can tell, £30-40k worth of selling yesterday has taken the bid down from 5.25 two days agao to 3.5. Presumably it'll bounce back then!

[hutch_pod] 01/4/2015 12:43

Blimey. Quite a fall. Any reason anyone knows of?

[lord badger] 24/3/2015 20:58

Lets hope. I should be easy to spot: not 19 and not late!

[rupert1] 24/3/2015 18:45

I'll see you there. The last one I went to was attended by me and two analysts, one of whom was about 19 and the other was late! All things considered there should be a few more people interested at this stage.

[lord badger] 18/3/2015 12:33

My train ticket now booked for the AGM. Anyone else going? I expect it will be a small affair so a good opportunity to get up close and personal with the management and those with large private holdings.