Metals Exploration Share Discussion Threads

[rduke] 12/6/2018 23:06

Thanks Jedi. I found a link on google to a 2008 mtl rns about the comparison with cripple creek. Interestingly although it's on the mtl web site and theres a direct link to it on google, theres no link to it in the web site itself! I wonder if its why the candy brothers tried to buy the company out and are still backing it. Also wonder why its been airbrushed off the web site. Lots of odd things about this co. Huge site, comparison with mega mine but no exploration for 5/6 years. Seems they explored only enough to convince lenders to lend which means there could be way more exploration to be done and resource to be added to the 1m oz. Also from comments on another thread plant seems overspecd like they expecting higher volume. And they always seem to pull more money out of the bag and have very compliant banks who keep agreeing to defer cap payments. The more I read the more it seems theres a lot more to this co than meets the eye. Just convinced myself to perhaps dip in a bit more at near historic lows.

[jedi k] 12/6/2018 20:49

There were similarities to Cripple Creek gold mine in Colaroda. Read the report by Dr Jensen and update by Jonathan Beardsmore in 2010. It is on you tube.The Moly credits remains an option once stability and certainty about the Biox can be established.

[rduke] 12/6/2018 14:24

peter, just trying to work out how much cash needs to flow to keep the gates open and prevent a cash call. Cld you point me towards info on surrounding areas. It looks like a big area they have but can't find anything in early test results showing better areas. My friend in Auz said they were comparing it to one of the biggest and most productive mines in colorado but I can't find anything about it on the web site. Any help appreciated. If the numbers are even roughly correct and they get the recovery circuit up to target, it would be shockingly undervalued at current level.

[peterpowell21] 12/6/2018 13:35

achille

This is what canaccord said the other month.

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.

[peterpowell21] 12/6/2018 13:22

Its important to get this cash flowing as we have been working on fumes now for quite a while. we need to start as soon as possible the exploration of the surrounding area.
I believe that is even better than the area we are working on.

[rduke] 12/6/2018 13:17

achilles, I'm trying to find out what the quarterly operating cost is as a single number rather than on a per/oz basis, just so I know what they have to find each quarter. The operating cost will be roughly the same if they pull out 1 or 20k ozs. If anyones going to the agm could they ask. Seems like some here go as there's been notes posted on other threads in previous years.

[achillesheel] 12/6/2018 11:25

Fag packet calcs but i think 520-540oz was stated for AISC i think at the time gold was 1220, this was with recovery at 100,000oz per annum so operating around 13million per quarter. If they hit the recovery target with gold at 1300 should be somewhere around the 20 million mark per quarter after costs more if gold continues higher. Obviously we don't know what the present recovery rates are, and we won't have hit that this quarter as it was 2-3 weeks in the second quarter before they managed to keep the biox at 100% throughput but we should be moving in the right direction for a change.

[peterpowell21] 12/6/2018 11:13

The only thing that matters now is the gold flow.
If that flows the cash will follow.
AGM next tuesday and expect news then.
We were led to believe the biox system was working well in the last update.
So here's hoping it still is.
With only a 70m market cap there is plenty of room to get this to fair value.
hummingbird have a MC of 112.7m. yes they have there plant up and running, making money. but there all in cost is around $750 an ounce.Under $500 here.We do also have more debt than them. They also only have a 7 year life at there mine, 10 here.
But both have the chance of extending the life.

[rduke] 11/6/2018 17:31

Thanks Sleveen. I read they're drawing up the mezzanine debt agreement, which makes it sound like it's all done bar the signatures. Are they re negotiating the main debt with the banks as well? I saw they've deferred the two last capital payments until end June but no mention of June cap payment. Perhaps that to be covered by balance of mezzanine money - roughly fits. Trying to bottom out quarterly operating costs and whether covered by gold sales.

[sleveen] 11/6/2018 16:52

rd

financial rescheduling is being worked on according to last rns.

[rduke] 11/6/2018 13:45

Anyone going to the annual general meeting? Wld be nice to hear what was said.Friend of mine from Australia told me about this. Said it had a troubled past but he thinks will come good. Read about everything I could find on it and looks like its been through the wars. Seems they've done well to keep it open with all the government changes and red tape in the philippines. Glad I'm not in to hotels in boracay.The biox system looks a good call in terms of environmental concerns but a pain to get right. Seems it all comes down to this part of the recovery circuit and keeping the permits up to date. Anything else holding it back? Cash looks tight and don't understand why mezzanine debt at $21m which is says is to pay back short term loans at $14m is $7m higher. Even with high interest rates on short term debt, mezzanine funding seems OTT. Perhaps they're leaving some in the tank.Any thoughts.

[peterpowell21] 31/5/2018 13:34

moving up. nice.

[peterpowell21] 30/5/2018 15:41

and his mate the other big loser turns up. lol

[peterpowell21] 30/5/2018 14:54

fatnacker - 28 May 2018 - 08:03:19 - 272 of 289 Metals Exploration - Turning the corner - MTL

Guys, I wont make a habit of this, I've got better things to do.
----------------------------------------------

So you were lying yet again.

[fatnacker] 30/5/2018 12:28

peterpowell2130 May '18 - 11:44 - 42556 of 42557
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Seems fatty is posting my posts from here all over the bb's.
Nice of him to bring this dog to the attention of others.

Well if his actions stops just one person throwing money into the VOG pit i am happy.

peterpowell2130 May '18 - 11:54 - 42557 of 42557
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Back in Oct last year they had a placing for $26m here at 57p.
Today the price is 28p.
Will someone please put this dog down, so no more PI's get there hard earned money put in the hands of this management.

[fatnacker] 30/5/2018 11:17

and again.

peterpowell2130 May '18 - 09:58 - 42555 of 42555
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New year low yesterday.
Could be new all time lows by the end of today.
Well it will be when they have to post there dec 17 results.
Last day tomorrow, they just don't seem to want to publish them, i could give you a clue, but you should know why.

Was it not fatty that was saying this is one of the best shares in AIM. So undervalued, and one of the safest.
No wonder he has done a runner, shame on him.
The fat ramper.
I see he is rapping another dog now, UKOG. LOL.
Well and posting on another thread i use.
You would think what i post on here would not bother him as he has made money here for years (lol).
Out of interest, i was invested here for about 7-8 years. Never in profit and lost a load.
So like every other holder(except fatty)we have all been taken in and lost money.

0.7p in old money, Why would any investor be happy,(apart from fatty)

[giantpeach2] 29/5/2018 10:21

Nice read achillesheel

[peterpowell21] 29/5/2018 07:42

achille

Well that horse now looks like its over the last fence and just needs to trot over the finish line.
After all, they have been tweaking the BIOX ® circuit for a year now. We know the system works elsewhere.
Good times ahead here imo

[fatnacker] 28/5/2018 19:14

Eight posts today on a share he has no interest in, all with a nasty undertone I might add, clearly a very disturbed individual.

[peterpowell21] 28/5/2018 17:01

tombarr

yes you could be right.

[tombarr] 28/5/2018 15:09

My thinking was that if CC was going to make a bid his directors would have to recuse themselves as conflicted anyway. Maybe I am off target there?

[peterpowell21] 28/5/2018 13:17

SAGE
Do you not think they would have left the two NED in place if they were really going to make another bid.
But i do agree that a re-rate is going to start very soon.

profitable times ahead.