Metals Exploration Share Discussion Threads

[jailbird] 14/9/2018 14:42

Oh and you have averaged down again!

Averaging down is not something I would have done...maybe you trying to bring you average price down to get on breakeven...good luck..it is a very risky strategy!

[jailbird] 14/9/2018 14:34

The problem with you is that you do not like to the contrary view.

Why..because it means you have made a mistake investing here and do not like to be told or can accept it.

That is ok, I get that as no-one like to be criticised.

The reason I posted that article was...will this give the BoD an excuse for not delivering!

[jailbird] 14/9/2018 13:43

No need to take it personally..

[achillesheel] 14/9/2018 13:37

Lucky for us it looks as though the typhoon will hit the very north of the island

hxxps://www.pgyc.org/weather.php

Not the central where FCF are based you absolute sorry excuse for a human being.

[jailbird] 14/9/2018 09:24

About Metals Exploration
Metals Exploration Plc is a mineral resources exploration and development company. It 100% owns the Runruno Gold Project located north of the Philippines

hxxps://news.sky.com/story/super-typhoon-mangkhut-set-to-hammer-the-philippines-11497098

[wiseacre] 07/9/2018 13:10

It's certainly been a hard grind. However the two largest shareholders Nick Candy and Graham Edwards have deep pockets. They may buy the debt at a discount. Much rests on the next set of production figures. Nil desperandum.

[meijiman] 06/9/2018 10:47

Mired by incompetence....

[test4500] 06/9/2018 09:56

it really does not look good on the ground and in the fiance:

On the ground - need to see evidence of improvement and 'healthy' quarterly profit - £16m quarterly turnover is not going to make much profit...


Financing - Needs to be increase in Gold price and a longer term finance solution - neither looks like going to happen. the 36m market cap limits the easy options


I think some hard choices need to be made here as the company:

1) has no chance of paying down that debt
2) Needs investment in mining to increase output & efficiency

Basic conclusion is there is no investment case right now .....maybe comeback and see in six months ...because its going to take that long to sort out.

[jailbird] 05/9/2018 09:55

Peter Powell saw sense Not sure if Wiseacre and Achilles have seen the light yet

[meijiman] 30/8/2018 18:08

The person running this company couldn't hit the ground with a stone.

[sleveen] 30/8/2018 17:50

Missed that one!

...exploring refinancing opportunities...

Pity that sentence isn't expanded upon; assuming operations are close to spec, I'd say the loan restructure should happen, however I expect equity to be issued to boot.

For that reason I am still out.

[achillesheel] 29/8/2018 14:26

Yep the rns this morning stating they were only going to make the interest payment of 430K this month instead of the 20 odd million, no surprise there really

[sleveen] 29/8/2018 12:49

Something leaked?

[sleveen] 31/7/2018 09:38

Not good enough.

A full loan restructure/rescheduling and continued 100% operational efficiency are the actions needed to get the share price rising.

[peterpowell21] 31/7/2018 08:40

Should get an update today regarding the finance.
Well worth keeping an eye on these still.

[peterpowell21] 25/7/2018 17:03

Still watching these, lets see what happens know.

[wiseacre] 25/7/2018 16:20

sleveen, Placing unlikely. 90%+ of shares in hands of four holders and two biggest taking money in egregious rate of interest. Should soon be sorted.

[wiseacre] 25/7/2018 16:16

Buying op for me. Bt a hundred marked as a sale.

[sleveen] 25/7/2018 16:11

Test4500 have to agree...wait and watch.

[test4500] 25/7/2018 10:13

Company is in better place for sure .....but things do look tight

Q1 Revenues 15m 'cash flows after finance costs - 1.2m
Q2 Revenues 16.2m 'cash flows after finance costs - 0.2m


its going to take a lift in gold price (not happening) or more Capex (where from?) to drive this forwards.....

It does look interesting but I think adding before the finance solution might not be smart

[sleveen] 25/7/2018 09:46

It's not hard to explain why the so is circa 2.5p now, it's in today's RNs. Î also suspect shareholders will bear some pain with a placing.