Metals Exploration Share Discussion Threads

[peterpowell21] 11/1/2017 13:55

lord badger

well i cant see where there can be any overhang.
all shares went to the famous six.
there has been plenty of news that could have pushed the share price up over the last few months. but it seemed they have not been keen to ramp the news. if there was a overhang they have had a few chances to clear at least a few of them.
but someone must be selling some of there 5p placing shares. all buys at 5p and not a tick up.i expect to see a big sell show sooner or latter. why they took the share in the first place if they planned to sell not long after taking them.

in my opinion the company need to release some news to get the share price up and keep the famous six on side.as i have said before,we all like to see blue and not red in our accounts. and the big 4 have been invested in here a long time and will want to see some profit starting to show.They must be well under water with there investments here.

[achillesheel] 11/1/2017 13:36

If you include the ned buy so far up to lunchtime today around 9.7mill

[lord badger] 11/1/2017 13:05

Hol - famous four. Now famous six, with Investec and the newbies, Nutraco Nominees (Bank of New York Mellon). Looks like plenty of PIs following the NED's lead. I don't have the figures to hand, but my gut feel is that a similar volume of buys, to those we've seen over the past few days, following the Share Prophets article drove the price up perhaps 3/4p. There must be a heck of a stock overhang at the moment. But I guess, as I've said before, I'm not sure the major shareholders are unduly worried about short term share price To misquote Mr Spock: the concerns of the few outweigh the desires of the many.

[holism] 11/1/2017 10:43

the last broker failed to get close to the company and knew diddly squat when it mattered.You must remember the fundraisings were not available to investors other than the famous 5 or was it four!! The brokers were hardly relevant. Well at least fundraising should be in the past provided the mine can stay in production and ramp up to 8k or 9K ozs per month by March end.

[wiseacre] 11/1/2017 10:03

Wait and see

[hutch_pod] 11/1/2017 09:25

Who is the new broker lined up please?

[peterpowell21] 11/1/2017 07:37

wiseacre

i have ticked up you last post.
i agree that once we are informed the facts this will fly.
that buy from the NED was in my opinion a clear buy signal.
it was not a token buy you see many times on AIM, it was a quarter of a million pounds.
if that buy was with a popular PI share,the share price would have flew.
i try not to ramp shares these days,leave it to people to make up there own minds.
but that NED buy has just added icing to a cake that was looking very nice anyway.

[peterpowell21] 10/1/2017 16:04

so many buys and still no tick up.
lets wait for the £100 sell and watch them drop it.
only in AIM.

[achillesheel] 10/1/2017 12:49

True and we could have an Rns tomorrow, but still a lot of stock to be shifting £375K's worth without so much as a blip on the share price ????

[peterpowell21] 10/1/2017 12:36

well the funny thing is that how ever you look at it,the NED has info that we do not. He will know exactly where we stand with gold sales and the plant progression.
how ever you look at it,he has inside info.

if it had been a sell the mm's would have dropped this like a stone.

lots of buys and no sells 4.825p to sell and 4.9875p to buy. very tight spread.

i'm for one am buying.

[peterpowell21] 10/1/2017 12:17

achille

you have to remember this is AIM.
Rules seem to be there to be ignored.

seems a lot of buys going through.

[achillesheel] 10/1/2017 12:16

Yep, shows confidence just would have been nice for an update on plant progression or gold sales. ]

There's another 1.2million just gone through, plus the other 1million on the 9th so we have buys totalling 7.15million gone through the past two days. the question is who is selling as can't see the mm's holding that much stock.

[peterpowell21] 10/1/2017 12:08

achille

well he paid 5p for 5m. that seems a good price for that amount.
well he bought them from the open market at the same price you or i would have to pay.
looks good to me.

[achillesheel] 10/1/2017 11:48

At least 30 days then before any new announcement.

[peterpowell21] 10/1/2017 11:08

hutch

yes that has to be good news.
have to laugh that they have made it look like they have dropped the price.they have in fact just dropped the offer to the price you could have bought at anyway. you can also get 4.825p to sell.
well i have just added again on my ig account.
if the NED is buying it may mean we still have a while to wait before we get an update.
thats fine by me. if mr Ayre is happy to buy £250,000 worth. i am happy to top up and wait for the news.

[achillesheel] 10/1/2017 10:51

Be interesting to find out where the stock came from

[hutch_pod] 10/1/2017 09:58

Indeed it was a buy, director buy nonetheless.

The Company received notification that Mr. Jeremy Ayre, Non Executive Director of Metals Exploration plc, acquired 5,000,000 ordinary shares in the Company ("Ordinary Shares") at a price of 5.00 pence per Ordinary Share on 9 January 2017. Following the purchase Mr Ayre has a beneficial interest of 7,000,000 Ordinary Shares, 0.00338 percent of the Company's issued share capital.

[peterpowell21] 09/1/2017 13:13

achille

it was a buy.
i am getting a price of 4.82p to sell now,up from 4.64p for the last week or so.
i cant get a live price from my account as you need the cash in your account to get a price.
anything 4.99p and above has been a buy.
We can't be far of news now.

[achillesheel] 09/1/2017 13:02

no worries, someone's been shuffling stock the past two trading days

[achillesheel] 09/1/2017 12:41

Was that a £250K sell or buy, or is LSE just messed up again for a change?

[peterpowell21] 07/1/2017 10:59

lord badger

well as FCF is owned by MTL the easy way to get hold of runruno is just to buy MTL.
As MTL is a one trick pony from what i can see,MTL value is runruno.
so yes the value of the gold in the ground is what the value of MTL should be based on, if a buy out was to come.But with a market cap of around 100m pounds. there has been $206m spent on runruno, and debt of $81m the market cap just covers the cost of getting where we are today.
there should be a big upside to the share price here.
time will tell.

[lord badger] 06/1/2017 17:06

Hol, I’d given up speculating on what might happen down the line but I don’t think this is a pure Candy play given the outcome of the Battle for MTL a few years ago, which pegged back their holding to below 50%. I thing the prevailing theory is a sale at some stage. There is another theory, that being to build up a war chest and buy another mine, possibly from a major producer looking to pay down debt, but I don’t see the current management taking that on, and besides, it would be hard to compete with the Chinese who are acquisitive at the moment. Then there is the possibility of developing another mine - MTL is, at the end of the day, an exploration company - but I don’t think there is an appetite for this in the Philippines given the government’s attitude towards mining and the current regulatory environment. There are possibly a number of other options, along the lines of those you mentioned, but the Candy’s would have to convince Runruno Holdings, Baker Steel, Ruffer, et al, to go along with them on that journey - they could do it, but personally I doubt it.

You mention the Candys being used to long term plays, but for them this is already a very long term play and perhaps they’re looking to close it out sooner rather than later. I think the other thing to bear in mind is that the world has changed a great deal since the the Candys first got involved and their priorities / strategy may well have changed; their strategy certainly changed after 2010.

If a sale is the preferred route then unless something forces their hand, my logic dictates that the company would maximise value beforehand; get the mine into full production and optimise the gold circuit and then run it for a while whilst expanding the resource. Well, that’s what I’d do.

With regards the share price, and your comment Peter, correct me if I’m wrong, but the company would most likely be selling the mine and the sale price would be based on the value of the gold in the ground, effectively the value of FCF Minerals, rather than MTL’s share price If this is the case then I’m not sure the major shareholders will be focused too much on the current SP, more on the longterm performance of the mine and the size of the resource/reserves.

[achillesheel] 06/1/2017 12:38

Buys flooding in now £97.97 and £153.75 could we be in for a Monday morning RNS, wouldn't want to be out of this over the weekend :P)