Metals Exploration Share Discussion Threads

[marmalade44] 24/5/2018 15:58

From one year ago today.

"This is more or less bust now.

Lights out by the end of year."

Another Highasakite gem !

Change the record.

LOL

[highasakite] 24/5/2018 12:20

"Cash and cash equivalents of GBP0.537 million at 31 December 2017;"


What price the next placing guys ?

[peterpowell21] 24/5/2018 09:00

Nice double bottom on the charts, will it bounce from here, you bet it will.

[peterpowell21] 24/5/2018 08:52

achille

i like your comment,"nothing seems to be going wrong for once".
I think you are right, Everything seems to be running well now.
I really think this is finally the time for this to come good.
I think the market knows it as well.
They would normally have marked this down on open.
I thought i would get the chance to get in cheaper and average down.
I am happy to sit and wait still, This will be a different beast in a years time.

[achillesheel] 24/5/2018 08:39

Yep no surprises, quite an upbeat summary, the main thing is nothing seems to be going wrong for once, next quarters results will be the key and the processing rates.

[peterpowell21] 24/5/2018 08:11

sleveen

Looks good to me, Nothing we did not already know.
Seems like this will be the start of the climb.
But as you say, cash generation is now the key.
But i see no reason now why this should not now start churning out the cash.
Time will tell.
Good luck.

[sleveen] 24/5/2018 07:55

An optimistic tone to the prelims.

An update on the BIOX circuit and Au production to the end of May would be useful.

Cash generation remains paramount.

[broken_arrow1] 21/5/2018 14:36

Results imminent hopefully with update on operations, cannot buy in any size currently.

Ongoing signs of improved performance and this will fly.

[peterpowell21] 18/5/2018 07:18

Well they have been working on getting the BIOX CIRCUIT working to design output for more than a year now, so sooner or later they have to get it right.
Says him hopefully.

[sleveen] 17/5/2018 16:53

Agree BIOX continuing at 100% would lift the share price IMHO.

[peterpowell21] 17/5/2018 12:55

I am looking forward to the results.
We should get an update, if they are still running anywhere near 100% on the The BIOX® circuit we could get a nice lift. But we have been saying the same for a while now.

[achillesheel] 17/5/2018 12:22

Well we should have some idea within the final results in 5/6 days time.

[peterpowell21] 17/5/2018 11:22

Amazing how 500,000 shares sold out of 2 billion can drop the price so much.
Then again when this moves north it does so on very little volume.
Follow the money, the big boys know this will come good sooner or latter.
Just a matter of sitting around and waiting.

[achillesheel] 16/5/2018 23:28

Who knows maybe things are going so fantastically well 😂 that the candy’s don’t need to keep such a close eye on the proceedings

[peterpowell21] 16/5/2018 15:06

Don

Well they were non-executive directors.
What do these people do except turn up a few times a year for a meeting and collect there money.
I am sure some will disagree.

[don julian] 15/5/2018 16:22

Strange the two directors resigning now... when the BIOX is improving... anyone know what that is about?

[achillesheel] 14/5/2018 22:07

Price has gone from 7.26 to 11.79 usd/lb currently on 52 week high

hxxps://investingnews.com/daily/resource-investing/industrial-metals-investing/molybdenum-investing/molybdenum-prices-set-increase-positive-demand-outlook/?as=1&nameplate_category=Daily

[peterpowell21] 07/5/2018 10:58

I see just a few selling up at this low price.
Chasing rainbows else where?
Silly really after all this time waiting.

[peterpowell21] 07/5/2018 10:52

So the biox circuits achieved and maintained 100% design throughput in April.
Looking good here if that is the case.
might just be the start of the money cow showing its head.

[highasakite] 04/5/2018 20:45

Hasn't this gone bust yet ?

can't be long now.

[jedi k] 03/5/2018 09:45

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.

[meijiman] 02/5/2018 10:14

Yes its only 10 years behind schedule!

[giantpeach2] 02/5/2018 09:58

Yes would be nice to now we are on the home straight!!.