Metals Exploration Share Discussion Threads

[achillesheel] 26/7/2017 12:46

Davegk post after attending the agm

"The Q2 report due by the end of July will not show much improvement, but for the Q3 report the BIOX will be back on stream so production should be close to if not at an annualised rate of 100k oz. That should trigger a rerating if one has not occurred before then"

Think the changing of the classification and news reports got investors interested again, myself included.

Only £7k worth of sells, oh well let's hope they can hit that 75% over the next quarter

[peterpowell21] 26/7/2017 12:39

fatty
as i was a holder of vog for around 6 years i know all the facts.
you had never heard of MTL until you came looking for me.
now if you look that high was £108,at the time there were about 93m shares.
after consolidation 40/1 that gives you 2.3m shares. at £108 a share that gives you a M/C of £250m then. i hope this helps you, you dozy wazzak. if you dont believe me look it up on here,

i had no plans on ever posting on those vog threads again until you came looking for me. i will not apologize for posting on there as i was a holder there for many years.
but i will stop as long as your dog ashighasakite stops spamming Mtl BB as well.
now is that a deal.

[peterpowell21] 26/7/2017 11:42

wiseacre

yes very disappointing.
seems you cant believe a word the management tell people at the AGM.
anyway, pointless posting here for a few months now.

i dont want to say to much as i dont want to upset anymore people.
i will keep my opinions to myself.

[meijiman] 26/7/2017 11:08

The ceo loves funding social programmes for the locals rather than knuckling down to getting gold out of the ground.

[wiseacre] 26/7/2017 09:02

Endless disappointment it seems.

[jailbird] 26/7/2017 08:41

Popping in...oh dear..disappointing update..refinancing to pay debt..

$87m in debt...$20m refinancing to pay some of it down..so no better

Gold target is a long way from being achieved.

[fatnacker] 25/7/2017 19:10

prowler, you dozy wazzak £108 gives a market cap of £13 billion, seriously? anyway here's the deal prowler, I'll agree never to post on any MTL threads ever again and openly apologize for doing so if you agree to do exactly the same regarding VOG, all you have to do is agree and that's the end of it, I cant say fairer than that, is it a deal?

[peterpowell21] 25/7/2017 16:06

don julian

just look at there share price from £108 down to 27p.
its all my fault. nothing to do with the company.

i stopped posting there, then after around 6 months THEY came on here and asked me to start posting there again.
i thought they wanted to hear the facts, seems as soon as the slide started again it was my fault again.

my favourite quotation from mahatma Gandhi sums these two up.
"First they ignore you, then they ridicule you,then they fight you,then you win".

[fatnacker] 25/7/2017 15:30

Don, just check out the VOG threads over the last couple of years, you'll get the idea.

[don julian] 25/7/2017 12:38

Hey Highasakite... an idea... why not tell us all exactly what happened... what pp21 did to you to cause so much grief. It might help to get the whole story of your chest... and he can be judged by his peers. We all need some closure!

[achillesheel] 25/7/2017 12:36

Thanks Wiseacre, looks as if it is finally all coming together

[peterpowell21] 25/7/2017 11:51

wiseacre

yes it makes for interesting reading.

[wiseacre] 25/7/2017 10:53

Here is the piece on the Philippines Government website which tombarr alerted us to.

I believe we really have turned the corner now and expect an RNS, imminently, to confirm this.

Vizcaya miner vows compliance to env’l regulations
July 24, 2017 Ben Moses Ebreo Share
QUEZON, Nueva Vizcaya, July 24 (PIA) – Officials of the FCF Minerals Corporation here have assured various stakeholders of their compliance to environmental regulations in order to assure the safety of the host community and its surrounding environment.

Peter Storey, Runruno operations manager said this serves as a major step to transform the previous negative stigma of mining into positive undertaking through its compliance to responsible mining standards.

He said that contrary to some opinion it is well established that that mining develops communities, promotes education and plays a vital role in the generation of revenues in order to boost economic growth, further citing The Philippine Constitution (Article XII) provision that “the exploration, development and utilization of natural resources shall be under the full control and supervision of the state.” In addition, the Mining Act states “It shall be the responsibility of the State to promote their rational exploration, development, utilization and conservation through the combined efforts of government and the private sector in order to enhance national growth in a way that effectively safeguards the environment and protect the rights of affected communities.”

FCF Minerals Corporation’s gold-molybdenum project is located in barangay Runruno, here, about 280 km. north from Manila.

Storey said following construction and commissioning, the project is now being ramped up towards full commercial operation.

FCF has developed Runruno as a surface cut and fill mine with an adjacent Processing Plant to produce gold doré as the primary product.

“The Surface mine is being progressively rehabilitated and will be progressively backfilled as the mine stages are developed, leaving behind terraced and rehabilitated areas that can be used for future beneficial use,” he said.

The process plant, Storey said uses the proven “biological oxidation (BIOX) method”, a green technology which is the first in the country, to oxidise the ore and make the gold available for conventional recovery methods. BIOX involves the use of a culture of naturally-occurring soil bacteria which promotes oxidation reactions in an aqueous environment.

Coupled with this is the use of the ASTER process or the Activated Sludge Tailing Effluent Remediation processes. The ASTER process similarly uses different naturally occurring bacteria to detoxify or break down waste materials generated from the process to make it contamination-free, before it is pumped out to the Residual Storage Impoundment (RSI) area for secure permanent storage.

This is a specialized feature of the Runruno Process Plant used to achieve very high levels of environmental performance.

Uniquely the process residue is treated through three discreet “neutralisation processes” wholly within the process plant site before it is pumped out to the RSI for permanent secure storage.

The RSI is termed as such because of the distinct environmental control measures employed upstream of the facility which render the residue stream chemically compliant before deposition.

The RSI differs from a conventional tailings dam, in that the residual materials deposited in the facility are considered harmless to the environment. Monitoring of the water quality is undertaken on a regular basis by the company using external laboratories.

In addition FCF retains a third party consultant to undertake independent sampling and verification of its environmental performance. Government representatives and representatives of civil society regularly verify the Project’s performance to ensure that the water quality is within the Philippine standards and compliant with the Project’s licensing conditions.

“The surface cut and fill mine operation is environmentally safe as demonstrated by the results of regular monitoring by duly recognized government bodies mandated to have oversight of the Company’s operations,” Storey stressed.

He added that FCF is committed to demonstrating that the environmental practices used at Runruno satisfy all of its compliance criteria and in most cases exceed the requirements to achieve the highest levels of environmental performance.

“It is committed to the effective stewardship, protection and enhancement of the resource endowments in and around the areas where it operate, and conducts its business in a manner which will continuously uphold human development and dignity,” Storey said.

He also said FCF implements various environmental initiatives including tree nursery operations for reforestation programs, slope stabilizations and continuous rehabilitation of disturbed areas, monitoring of environmental resources and applies effective waste management strategies as part of its commitments.

FCF Minerals Corporation (FCF) manages the development, and operation of the Runruno Gold-Molybdenum Project (Runruno).

Runruno is one of the two significant mining projects permitted by the Philippine Government by way of the Financial and Technical Assistance Agreement (FTAA) in the Province. In this regard, FCF is partnered with the government and entrusted to develop and operate the Runruno project.

FCF is a Philippine Domestic Corporation registered with the Philippine Securities and Exchange Commission (SEC). It was incorporated in 2001 as a wholly-owned subsidiary of Metals Exploration Plc (MEP), a Company incorporated in the United Kingdom, listed on the London Stock Exchange (LSE) and trading on the Alternative Investment Market (AIM) of the LSE. (MDCT/BME/PIA 2-Nueva Vizcaya)

[giantpeach2] 25/7/2017 10:38

Yes that should help tombarr.

[tombarr] 25/7/2017 07:00

Here's a good piece from the Philippines Information Agency (PIA) on Runruno from a couple of days ago:

hxxp://pia.gov.ph/news/articles/491499597984

The PIA is the official public information arm of the Government of the Republic of the Philippines.

So, Runruno appears to be officially recognised as an exemplar project. Which should be of great comfort to a buyer.

[fatnacker] 24/7/2017 22:08

that's just what peterprowler used to say, he never did though.

[callmebwana] 24/7/2017 18:05

Fatnacker=Highasakite. Both on filter.
Waste of time,waste of space, with a sad life.
You just have to look at the Monikers used.

Giantpeach2, please use the filter option.