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MTL Metals Exploration Plc

4.50
0.15 (3.45%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metals Exploration Plc LSE:MTL London Ordinary Share GB00B0394F60 ORD GBP0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 3.45% 4.50 4.40 4.60 4.50 4.30 4.35 2,335,579 15:34:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 124.41M 8.75M 0.0042 10.71 94.32M
Metals Exploration Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker MTL. The last closing price for Metals Exploration was 4.35p. Over the last year, Metals Exploration shares have traded in a share price range of 1.51p to 4.55p.

Metals Exploration currently has 2,095,944,271 shares in issue. The market capitalisation of Metals Exploration is £94.32 million. Metals Exploration has a price to earnings ratio (PE ratio) of 10.71.

Metals Exploration Share Discussion Threads

Showing 4876 to 4899 of 7850 messages
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DateSubjectAuthorDiscuss
04/5/2018
19:45
Hasn't this gone bust yet ?

can't be long now.

highasakite
03/5/2018
08:45
From Baker Steel NAV Statement:
Metals Exploration PLC ("Metals Ex")



During April 2018, Metals Ex announced its first quarter update on its operations at the Runruno Gold Mine in the Philippines. Gold production remained disappointing at 10,593 ounces against a production of approximately 25,000 ounces targeted in the project's feasibility study. This was largely due to poor gold recoveries as a result of continuing underperformance by the BIOX® circuit.

BIOX® circuits can often take some time before operators establish the optimum operating conditions for the bacteria, and Metals Ex appears to have suffered this particularly badly. However, importantly, Metals Ex stated that during April it achieved and maintained 100% design throughput for the BIOX® circuit. It is too early to conclude that Metals Ex has resolved all the issues as it needs to demonstrate that it can maintain this performance over a longer period, but this is a significant step forward. The future profitability of Runruno is almost entirely contingent on the BIOX® circuit performing satisfactorily. During the quarter the operations generated cashflow of US$1.4 million. Had the recoveries attained the targeted 91% this cashflow would have been approximately US$8 million higher.

jedi k
02/5/2018
09:14
Yes its only 10 years behind schedule!
meijiman
02/5/2018
08:58
Yes would be nice to now we are on the home straight!!.
giantpeach2
02/5/2018
08:00
So three weeks to go until year end results, should get a detailed summary on the rates of processing, fingers crossed there are making good progress on the rates and the biox is performing as designed.
achillesheel
25/4/2018
12:22
Well its been a case of sitting back and waiting here for many a year.
Just a little more waiting needed.
hold, buy any dips, sell or just watch from the sidelines, we all have our own opinion what we think will happen.
Most of the time its down to the gods, are you feeling lucky, well i am.

peterpowell21
25/4/2018
10:14
Yes, they stopped the step out programme when cash got tight, I believe?
tombarr
25/4/2018
09:58
I also thought they were going to look at upgrading the site, as they think they could increase the size of the plot to add many more years to the project.
May be that they have held back this because of the problems and the cash flowthey have been having.
But once sorted this will be done and add more value to the share price

peterpowell21
25/4/2018
09:36
Yes, a classic MM manipulation of the Mid. To try and scare some selling out, and make a buyer twitchy. Do we know which analyst is covering MTL at Canaccord Genuity? I went through them and could not see MTL listed. Once that note gets out there and a whole new group of shareholders come in, then we will see some proper movement.
tombarr
25/4/2018
08:36
WHAT a spread, seems like they don't want anyone buying.
peterpowell21
25/4/2018
06:48
gold per annum at an average cost of c $500-600 oz.
With gold at round $1350 oz that's not a bad mark up.
Just need it to get to that 25k a quarter target.
Hit that then you will see the profits flow in and the share price rise.

peterpowell21
24/4/2018
19:20
What's the latest anticipated AISC per oz here? Thanks.
cyberbub
24/4/2018
16:29
Do not short shares tombarr.

GLA

jailbird
24/4/2018
16:20
Jailbird - on your logic and analysis you should go massively short. Just saying.
tombarr
24/4/2018
15:02
Lucky for you your not invested then.
peterpowell21
24/4/2018
14:09
Lol PP,

A lot of shoulds and if and buts in the note...does not give me confidence at all.

jailbird
24/4/2018
13:26
Yes just how we all see it, apart from jailbird.
Good times ahead.

peterpowell21
24/4/2018
13:03
"Having stumbled badly on my, hitherto disastrous, share tip for Metals Exploration (MTL) in the summer of 2016 I stuck my neck out - correctly as it turns out - at the beginning of this month by a renewed tip for the accident-prone Philippines gold producer.

Figures for the first quarter released on Friday were nothing to shout about but no less than we were led to believe. However, against a historic realisation of only 45% capacity, the company revealed “subsequent to the period end (it) has achieved and maintained 100% design capacity throughput of its Biox ® circuit.” If indeed this is maintained, we should now see a transformation in gold production and an end to the deep financial insecurity of the company, which has been teetering on the edge of bankruptcy.

In anticipation of the quarterly results and subsequent to my tip the share price has improved by 20% to 3.82p But the actual figures gave little comfort. Just 10,593 ounces of gold were produced. Cash at the bank was $1.74 million. Capital repayments of $12.96 million have been deferred until 30 June and total debt now stands at $90.8 million. So everything now depends on gold production in the current quarter.

Canaccord, the company’s new broker, put out a teasing statement on Friday, briefly concluding: “Should the company manage to reach name plate productivity, its Runrunp project could be producing 90-100 kozs of gold per annum at an average cost of c $500-600 oz. Metals has struggled for some time, but this could be finally a turning point we think for the company with the key bottleneck in the processing, the Biox plant, looking to be less of an issue going forward, allowing the company to target nameplate capacity.”

I suggest the broker deliberately pulled its punches ahead of a more detailed analysis and will shortly come out with a full-blown Buy circular. Metals has the potential to make its capital repayments by the end of June with plenty to spare. And those who want to gamble on a serious pot of gold should jump in first. I believe the current quarter could see the shares catching fire. At last! So now, at a 4p offer, either average down or BUY!"

achillesheel
24/4/2018
10:00
There's a tip on shareprophets
wiseacre
20/4/2018
13:44
So 25k oz/qtr target.

Provided BIOX circuit continues that target should be met easily.

sleveen
20/4/2018
13:38
Yes good report there wiseacre.
I would say they have now turned the corner.
We will get another update in about a month in the final results.
SO not long to wait to see if this is a false dawn or the beginning of a bull run.

peterpowell21
20/4/2018
12:42
Thanks for posting that Wiseacre... it's gonna be a good weekend!
don julian
20/4/2018
12:39
Canaccord has put out this statement on today's RNS report.


METALS EXPLORATION (MLT LN) – Corner turned?? BIOX throughput running at 100% is a good indicator of recovery improvement?

§ MTL released a statement this morning noting it has achieved and maintained 100% design throughput at its BIOX® circuit.
§ While clearly early days, this is a significant achievement for the company and maintaining this level of throughput will facilitate achieving higher gold recoveries. Other key points of note:
§ 10,593 ounces of gold were poured during the quarter.
§ 11,338 ounces of gold were sold during the quarter at an average realised gold price of US $1,328.14 per ounce.

§ Poured gold doré inventories at 31 March 2018 totalled 1,242 ounces

§ Should the company manage to reach name place productivity, its Runruno project could be producing 90-100kozs of gold per annum at an average cost of c.$500-600/oz

View – MTL has struggled for some time, but this could be finally a turning point we think for the company with the key bottleneck in the processing, the BIOX plant, looking to be less of an issue going forward allowing the company to target nameplate capacity.

wiseacre
20/4/2018
11:06
Let you all carry on now Look forward to the next RNS . Hopefully it is better news going forward but I just think there will continuous hiccups of some sort and targets will not be met for a while yet
jailbird
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