Metals Exploration Share Discussion Threads

[laptop15] 23/2/2017 10:44

Good post wiseacre, I just hope we get some production news soon. Hopefully no more placings for delays etc . Be interesting to see how high this goes if the news is good :))Sure a director wouldn't buy all those shares if he thought the news was going to be bad. So dispute the quietness I still believe the next news we here will be good :)

[wiseacre] 23/2/2017 09:18

If you attended any of the recent shareholder meetings you will have heard from the management how delicate the political situation is in the Philippines and how carefully they have to tread, notwithstanding their punctilious compliance with environmental obligations and aid to the local community. Institutional investors study political risk and since the change of government, Ruffer (if my memory serves me they did not participate in the last placing) has taken the view that the Philippines is best avoided. MTL management has also made it clear that, when it comes to publicity, they wish to draw as little attention to themselves as possible. That said the other large investors are happy with the risk return ratio and realise that patience is still required. The same should apply to us PIs. Where there is chaos there is opportunity!

[johnybigarms1] 22/2/2017 17:47

93p in total, fool, he could have got over a quid for them last week ?

[peterpowell21] 22/2/2017 13:40

i was just looking at the market cap on the last spike on 13 july, 10.1p.
the M/C was £175m.
todays M/C is £98.5m. now that is with the 3 dilutions we have had since that date.
so since july we have sorted the finance out, got all the plant up and running, made first gold sales ect, ect but the M/C has dropped £76.5m?
this is so under valued in my opinion.
yes gold was about $1350 an ounce at that time.
if we get a really good update this should hit between 10p and 15p

[peterpowell21] 22/2/2017 07:59

blueclyde

reading the posts from yesterday i was indeed going to say exactly what you have said.
its rubbish to say they can't update the market because of the political sentiment.
over $200m has been spent on this mine, do people not think that that investment should not be returned to the investors.never mind make a profit on there years of investment.Do people think that those large holders have put millions in here never to get it back.they topped up millions over the last 6 months alone. one has sold some and someone else was happy to take them. A month ago the NED bought £250,000.
when news is due they will shout it out as loud as any other company would.
How the hell are the main holders ever to get a profit if they keep the info hidden.
the government has a problem with the way a lot of these miners run there mines.
they do not have a problem with how well a company is doing.
all in my opinion of course.

[blueclyde] 21/2/2017 23:03

I really don't understand the comments about the political landscape casting a negative shadow and being the reason for one of the main holders selling shares. All environmental sign offs have just recently been given and sign off to export first gold sales. Also I doubt the debt would have been renegotiated on the terms it has just recently if there were such uncertainty regarding the project. I doubt either that this would stop the company making ops announcements either. MTL isn't affected by any of this it has just had hugely unfortunate luck with weather damage to the site.My take of the situation is they are now probably conducting a period of testing at the designed output for a number of weeks before entering the commercial sign off stage where ops have to run for a stable period at the designed out put to gain project completion. Having been caught out with the mill breakdown last year I doubt we will hear much until that's complete.

[don julian] 21/2/2017 19:12

Exactly LordBadger, it is not on the list. From what I've read there are mines that deserved to be closed. The Runruno project has followed best practice. Therefore, when the dust settles, it will be seen as a winner... so I've added to my holdings today!

[lord badger] 21/2/2017 15:30

For clarity, MTL is not affected by Gina Lopez's recent mine closure and suspension orders. Nor is it affected by her cancellation of MPSA's (Mineral Production Sharing Agreements), most of which cover mines at exploration stage.

[lord badger] 21/2/2017 14:09

Wiseacre, some of us watching very carefully. Did you spot the emergence of a secondary narrative from Gina yesterday? She welcomed ‘green miners who put premium on local communities and the environment’. I think you absolutely nailed the sotto voce! I think a very long pause first though.

[achillesheel] 21/2/2017 12:18

Wiseacre, I appreciate your comments and heads up on the new broker but as per your post from a week or so ago

"Oxford law graduate, Paul Kennedy, Ruffer's research director and manager of the gold fund has, despite these uncertain times, apparently lost his faith in the shiny metal. Over the past few weeks I am told Ruffer has dumped 40 million shares. The price has been rock solid at 5p which suggests someone, like Blackrock perhaps, has been picking them up on the other side"

If the reason behind Ruffer's selling was purely on the philipinne situation surely Sarl, and the other holders would not have engaged in the equity raise and would be downsizing their positions not adding?

[achillesheel] 21/2/2017 11:56

Duterte said himself three days ago that he is going to review lopes findings and order.

Duterte
"We get something like 70 billion pesos a year out of the mining operation in the philipiines we have to also take that into consideration"

"I will not judge her now. I will see if there's something wrong", this is following outcry form the countries producers.

So looks as though there could be movement on the situation.

[meijiman] 21/2/2017 11:43

Yes it would seem that the political angle in the Philippines might be a concern. The good news is that the company has done a great job of looking after the locals and building to the highest standards.

[wiseacre] 21/2/2017 11:06

No one on this site seems to have taken on board fully the political threat to the mining industry in the Philippines. It is that which is casting a shadow over the share price (as well as prompting Ruffer to dump its shares) and the local uncertainty is what is holding the company back from making an announcement. I believe we will have one very shortly but it likely to be couched in the most sotto voce terms.

[meijiman] 21/2/2017 10:43

Think it will flatline in the absence of news.

[johnybigarms1] 21/2/2017 10:25

Added more 1st thing, upwards and onwards

[johnybigarms1] 20/2/2017 19:27

I will be adding at these prices, I'm amazed I can buy for less than the institutional Investor paid for the 167million shares taken recently, but that's the share game, doesn't make sense, but hey, I'm not complaining

[peterpowell21] 20/2/2017 17:12

johnybigarms

i agree, why wait and then sell when they drop the share price on no news and very low volume.
you always get a shake when we all know news is due.
i added yet again today,if there was bad news they would have to RNS it, they cant hold it back.So they have kept the share price in a tight range while the seller/buyer done there trade,looks like they have finished and the drop is now the next phase.
how low will they take it?.The next phase is news, will it be the good news we expect
that will then send the share price north, time will tell.

[johnybigarms1] 20/2/2017 16:25

Amazing, no news good or bad and the private investor jumps ship, that's lacking patience in my opinion

[peterpowell21] 20/2/2017 14:18

about £30,000 sold and about £9,000 bought.
and they wipe around £6m off the M/C.
Only on the casino known as AIM.
What a laugh.

[jailbird] 20/2/2017 13:12

Sellers bringing this lower today Level 2 is even 3v3This really is buy and hold, and hope there are no more delays and no more dilutions.But the Co really needs to update the market on what is happening with production news

[jailbird] 18/2/2017 09:09

pp,

I tried a dummy trade and buy..got quoted 5p for both...
price may vary according to quantity though

Not sell when at 10p...I am not sure how orders of this sized are negotiated.


my card marked for what..lost me there

[deuchar] 18/2/2017 04:57

Does anybody think that politicians have their on the stored gold?