Metals Exploration Share Discussion Threads

[highasakite] 16/4/2017 19:48

This is a dog of share run by incompetent Directors.

Avoid.

Way over valued as it stands now.


Could easily go bust in 2 months when the money has all gone.

[jailbird] 16/4/2017 19:30

GLA.. will watch from the sidelines

[jailbird] 16/4/2017 19:18

Extremely high risk here.No one really knows , but lack of update on the loan repayment is not good. Also cash from last fund raising has until June , I think last update said .What worries me is that even if they start production tomorrow , production targets can still be missed ( bad weather for example ) and 100koz /year is not going to be achieved in the first year... not even close to it. So one not price too much from start of production It will take time

[achillesheel] 16/4/2017 19:12

That was my take tadtech, wouldn't look good to miss the first repayment after the reschedule, so with no rns to date it looks as though payment was made.

[tadtech] 16/4/2017 18:09

Surely if the loan repayment had not been made, as expected, it would be deemed a price sensitive event and the Company would be forced to issue an RNS by the NOMAD.

I agree with many here there could be a very significant rise if news-flow surprises. Free float is small.

[highasakite] 16/4/2017 18:06

This is a dog of share run by incompetent Directors.

Avoid.

Way over valued as it stands now.

[peterpowell21] 16/4/2017 17:38

Jaber551

interesting and informative post.
The interesting bit was what the investment manager was told, that they seemed reasonably confident that the situation could be turned around.
The share price has been hammered because as they said the project has had its fair share of problems.
Looking at the drop this could be a great chance to buy in or average down.
With a NAV of 5.4p and a market cap of only £69m there is plenty of upside here.

[jailbird] 16/4/2017 07:16

They reduced at a profit too !So Baker Steel are not in loss even at these prices 3.5p was the last raising BS bought in?

[jailbird] 16/4/2017 07:14

Apologies ... you are right guysReduced, not sold out.They have some sold at 5pInteresting to see if they want completely out now but not easy unless to have another buyer to take up this much.iF there is another placing at less than 5p, I wonder if Baker Steel will buy back again at a reduced price .They may well be obligated to support the fund raising .. let's see

[achillesheel] 15/4/2017 19:27

But jailbird Baker Steel havent sold out?

[jaber551] 15/4/2017 18:52

According to their NAV Announcement for 6 April 17, Baker Street still holds 7.3% of their investment in MTL. Down from 10% according to 17 Jan NAV statement . MTL 12 Jan Holding RNS indicate BSRT holds 6.7% interest in MTL with 137,875,609 shares when their investment was 10% of their portfolio. So they probably still holds around 134m shares

Below extract from BSRT 6 April 17 NAV statement when they reduced to 7.3%

“During March 2017, Metals Exploration plc ("Metals Ex") announced that mining and processing operations at its Runruno Gold Project in the Philippines are ramping up more slowly than had been expected, due to a prolonged period of incessant rainfall and other factors that have restricted the effective mining of waste materials. Although this is a further disappointment for a project that seems to have had more than its fair share of problems outside its control, when the Investment Manager met the management of Metals Ex following the announcement, they seemed reasonably confident that the situation could be turned around. During the month the share price of Metals Ex fell 31%.”

[peterpowell21] 15/4/2017 18:15

jailbird

i dont think baker steel have sold out, the last we heard in Jan was they still had 137m.
yes more have been sold since then but nowhere near another 137m.
but you say it does not look good, but he would have known backer steel were selling, but at the same time he was happy buying.

[johnybigarms1] 15/4/2017 17:05

If he let his shares go now he would be £100k out of pocket in 3 months, that's not going to happen, why buy 250k worth if he thought the business was a duffer? A bad start is not the end of this share, it will get going and the current price has taken the delays into account

[jailbird] 15/4/2017 15:46

Since 2008 he has been working with Baker Steel and Rock Capital to develop and launch a private equity mining fund which led to the listing of Baker Steel Resources Trust (www.bakersteelresourcestrust.com) on the London Stock Exchange in mid-2010. Mr. Ayre founded AWR Lloyd Capital to represent these ventures. He is also a non-executive director of Metals Exploration PLC and Archipelago Resources PLC, Baker Steel Capital Managers Ltd (Cayman) and two of its funds. He has a degree in Mining Engineering (UNSW) and an MBA (ENPC, Paris.)

"Jeremy remains a supportive shareholder of the Company", he has close ties to both Baker Steel.
Well that sounds bad does it not...Baker Steel sold out. I would be surprised if he keeps hold of his shares.

The things is how will they justify another potential fund raising this time.

[johnybigarms1] 15/4/2017 09:33

As long as they don't come back for another round of fund raising then I see this level as a huge bargain, but the current investors are probably exposed enough to want to risk more, hence the stagnation, we have seen 3p before and 10p followed on good news, delivering good news will have a similar effect, still see gold to rise more, nuclear war talks now, I new trump would stir the world up, if that don't cause a frenzy for the shiny stuff, nothing will, even if production is slower than planed, rising prices should discount the poor performance, as I have said before, a poor start is fixable, all involved will want to right the issues as soon as possible, their jobs are at stake, that's always a big incentive to perform

[peterpowell21] 14/4/2017 17:58

hex

Well he has put his money where his knowledge was.
We were told the ramp up was slower because of bad weather.(and other things?)
we had a buyer taking all that bakersteel were selling, at 5p a share.
We have been told we are not affected by the mine closures.
So we await the opps update to see the facts.
I would say we are now priced for failure,so any good new this should fly.

[achillesheel] 14/4/2017 13:40

Hence the last sentence

"Jeremy remains a supportive shareholder of the Company", he has close ties to both Baker Steel and founded AWR which advised on the project so pretty safe to take the RNS at face value.

[hex314] 14/4/2017 12:41

You mean the ned that just resigned. I don't know what way to read that, bought shares, then bad statement then resigned. My view is it doesn't look good. But it could be read the other way.

[peterpowell21] 13/4/2017 16:14

i agree johny, everything could be going to plan now.
we could have 10 years plus of great news ahead of us.
these prices you can pay today to get in could be seen in a few months as an opportunity missed.
The NED buying £250,000 of shares not long ago at 5p each.
who ever bought all the shares that were sold by ruffers at 5p.
They were not PI'S buying these shares after reading informative posts on a BB.
This has been dropped from 5p to 3.25p because of one RNS that said nothing positive but left a few questions unanswered and dangling in the air. we should get a clear view of were we are any day now.

With gold rising and looking the best bet to continue, we have a lot of catching up share price wise to other gold miners.
i think this will be back to 5p in the blink of an eye.

[johnybigarms1] 13/4/2017 12:55

Sounds about right, time is your friend with mines, MTL off to a bad start does not mean a bad 10 years, Trump is f-cking things up as expected, gold will rally with political nerves, brexit, collapse of EU, rather be in gold than any other mineral, keep the faith boys and girls, seems a lot of tension on here, never helps or changes things

[peterpowell21] 13/4/2017 12:47

by the way, i sold all my shares here that i bought at an average of 5.5p the other day, and then bought them back at there lowest price 3.25p. i am going to make a fortune here now. wont be long before i make 100%+ profit.
even if they go down from here i wont have lost as much as if i had held on to my original holdings.
i'm a bloody genius.
LOL

[peterpowell21] 13/4/2017 12:36

giantpeach

well it is a lovely time of year, like a nice hot british summers day.When you get sun that is.

i have give up pointing out the facts as i see them.
People only want to read positive posts.
so buy, buy,buy.
you wont get the chance ever again to get in at this price.
double bottom on the charts, gold only going one way north, and we get our opps update any day confirming what the management has been working to for the last 10 years, they are getting the gold out the ground and we are all going to be rich.
Whats not to like.
15p coming soon.
good chance i buy more before the news and the big rise.

[giantpeach2] 13/4/2017 12:16

lol you getting to much sun pp

[peterpowell21] 13/4/2017 09:37

yes johny looking good here.

management doing a wonderful job.
Can't wait for the opps update.
this will fly from here.
£65m market cap, should be 5x that.

[johnybigarms1] 12/4/2017 23:14

Gold nearly $1290