Metals Exploration Share Discussion Threads

[wiseacre] 24/5/2017 11:29

Though the political background and the endless bureaucratic hurdles in the Philippines will continue to present problems for the company I believe the worst is now over. And with short term funding likely to be put in place to allow the company to meet its debt commitments the current share price, IMHO, represents a buying opportunity. The risk reward ratio is very high. Despite what bores like PP have to say the management has negotiated its way around many obstacles with skill.

[meijiman] 24/5/2017 11:21

Indeed. Got to hope they won't be spending it on a swimming pool/gym/creche facilities for any Philippino within a 30 mile radius of the plant. But nothing would be surprise me here.

[achillesheel] 24/5/2017 11:17

Short term funding more or less agreed then as and when required, let's hope they can crack on now get it up to speed and get those permits sorted and we should start seeing some blue skies

[meijiman] 24/5/2017 10:11

wake up RNS out!

[fatnacker] 24/5/2017 08:16

""achillesheel22 May '17 - 21:45 - 1816 of 1821 2 0
It takes a certain type of person to go to the trouble of following someone onto another thread and posting complete drivel about a company they have no vested interest in, akin to being back in a school playground."""



care to comment on that point prowler?

[highasakite] 23/5/2017 10:16

MTL need the great Kevin Foo in charge.

[highasakite] 23/5/2017 09:58

This is more or less bust now.

Lights out by the end of year.

Another Peter prowler gem !

LOL

[meijiman] 23/5/2017 09:58

The ceo or exec chairman is naive -probably better suited to being a social worker. He has been played like a fool by the locals who have clearly said that there will be problems if the company doesn't divi up for a huge range of social programmes.

[holism] 23/5/2017 09:15

Guys this company is not bust, it has a fantastic asset great mining and production equipment a mine plan to produce between 100k and 140k ozs per annum. On the downside is a political nightmare (we are told)and greedy majority shareholders who wanted to take it private many years ago. Watch this space. AGM in June will be interesting but is the management aware of the game plan?

[achillesheel] 22/5/2017 21:45

It takes a certain type of person to go to the trouble of following someone onto another thread and posting complete drivel about a company they have no vested interest in, akin to being back in a school playground.

[highasakite] 22/5/2017 21:05

This is more or less bust now.

Lights out by the end of year.

Another Peter prowler gem !

LOL

[peterpowell21] 22/5/2017 16:33

achille

well if they can increase the loan without dilution this will fly back to 5p imo.
but reading between the lines it looks like the shareholders are going to get hit again.
i have to say that the management seem to have a never ending list of excuses as to why they are not progressing the project forward.
be nice to get some good news from them one day soon.

[achillesheel] 22/5/2017 16:22

Well what a great start to the week at least the sun is shining, seems we are almost there, hopefully this last fundraise will provide enough capital to bridge short term requirements and those bloody permits will be forthcoming, i would of thought based on the plant and recovery stage that we are at they should easily be able to increase the loan sum.

[peterpowell21] 22/5/2017 15:58

sleveen
just had a read of aureus mining.
well i cant see any comparison, chalk and chesse.
but interesting reading.

[sleveen] 22/5/2017 14:07

Aureus mining

[peterpowell21] 22/5/2017 12:58

sleveen

you have said that before.
as they must have been delisted i cant find anything under AUE.
Can you give me the full name so i can look it up and see what you are on about.
thanks

[sleveen] 22/5/2017 12:42

AUE written all over it.

[peterpowell21] 22/5/2017 12:34

jedi

you are right,the company is owned mostly by 4 holders.
looks like they are going to get another big chunk very cheap soon.
once they have there extra % expect the plant to start up to full capacity.
then the share price will start to reflect it true value.

3.2m shares traded out of 2.07 billion. let call it £96,000.

sit tight sell or buy?
well i will not be selling thats for sure.
now where is that buy button.

[highasakite] 22/5/2017 11:39

-30%

LOL


0p coming soon Peter prowler.

[highasakite] 22/5/2017 11:03

How much you losing here Peter Prowler ?

LOL

[jedi k] 22/5/2017 10:48

Eighty seven per cent of the shares are held by just four holders: the Candy brothers with 48%, Graham Edwards with 19% (he bought BT’s telephone exchanges for the fabulously rich Pears family) fund managers Ruffer LLP with 12% and mining specialists Baker Steel with 8%. Amongst the remaining 13% in public hands stands long time follower Bob Catto of Hobart Capital Markets, one of the most astute mining investors, who says: “the commissioning phase is always the most challenging for a new mine but the Runruno deposit should enjoy considerable growth in resources once exploration drilling recommences. I believe the plant will be capable of producing 140k ozs per annum with very little capital expenditure.”

[peterpowell21] 22/5/2017 10:38

jailbird

those two will probably go to the AGM and tell them to keep up the good work.
i see they now have new excuses,
"The combined effect of not having the required permit and the planned alternate waste dump available has inhibited mining progress in the ramp up stage".
also,"The mine design calls for the majority of the ore and waste mined to be free dug, however harder areas of the operation will require blasting to enable efficient mining".
i was led to believe these people had many many years of experience in gold mining?
looks to me as if they are learning on the job to shareholders cost.

if they have to go to shareholders again at anywhere near this price we will be lucky to see our money back, never mind make a profit.

i wonder if we can write these loses off on our tax returns as a charity donation to the people of the Philippines?

[highasakite] 22/5/2017 10:33

You picked a right dog here Peter Prowler.

Since you bought you are down 60%.

LOL

Should have stayed in profitable VOG u tool.

LOL

[meijiman] 22/5/2017 08:56

ceo seems to be a man who thinks he is running a social programme for the Philippines with someone else's money. I'm very careful with other people's money -he seems to act like a drunken sailor arriving in a brothel after six months at sea.