Metals Exploration Share Discussion Threads

[callmebwana] 06/11/2018 09:56

Broken_Arrow, yes this could also become a mini AAZ yet. Time is the problem. It will take quite a while for them to pay the Debit back though.I have not heard about any news about the Candy brothers lately, last I heard was they had fallen out with each other. They could take this private,or perhaps not.Small stake held by the PI's.
Have a good day all.

[broken_arrow1] 05/11/2018 15:28

Looks like good news to me, they must be confident of getting a debt restructure, this is looking more interesting as a proposition to invest.

[q8don] 05/11/2018 14:07

Good news... a bit of breathing space!

[jedi k] 05/11/2018 12:54

Banking Update



The Company advises that it has received consent from its Senior Lenders to a waiver for the payment of capital amounts owing totalling US $35.64million until 31 January 2019. This covers capital payments which were due in each of the quarters ending 31 December 2017, 31 March 2018, 30 June 2018, 30 September 2018 and 31 December 2018.



The waiver contains a commitment from the Company to complete the restructuring of the senior debt facility of US $63.8million by 31 January 2019 and work is currently underway to achieve this objective.

[johnybigarms] 02/11/2018 23:29

A storm in a tea cup, back to business, 100k ounces of gold per year, that’s the mine design, it’s just a matter of getting the cogs greased and running to speed, it’s taking an age, but it’s got to happen sooner or later, let’s hope it’s sooner, I feel the management have learnt on the journey, the hard way as it seems, I will get my value, I’m patient, dogged and stubborn, but I really do feel like there’s light down the tunnel

[jedi k] 02/11/2018 10:36

Operations Update



The Company advises that mining and processing operations have resumed at Runruno and temporary repairs to the bridge crossing have been effected, following the Typhoon Rosita information released yesterday. The BIOX circuit continues to respond positively and is being ramped back up to the pre-typhoon operational throughput.



Neither the mine nor the processing plant sustained any material damage from the impact of Typhoon Rosita

[jedi k] 01/11/2018 19:42

Let's hope it pulls back up on some good news and no trades....

[broken_arrow1] 01/11/2018 19:11

There was very little stock on offer this morning despite the mark down (on no trades)

Obviously MTL is very sensitive to the gold price, that is deemed to be rising into next year for a number of reasons. This will surely be taken into account in respect of debt refinancing.

It is pretty clear the debt discussions have been ongoing for some time, eventually some deal will be reached and hopefully long suffering shareholders should benefit.

[johnybigarms] 01/11/2018 19:02

It’s expected to have severe weather when you have your mine in a tropical forest, so it’s most likely a yearly event at least, but it shows that MTL have gotten better at coping with it, a handful of days lost is not too bad, I’m sure every business has bad days but don’t bother to put it in print, I’m sure they love battering their own share price, as ever I’m looking forward to some positive news on finance and production very soon, fingers crossed as ever, 1.5p to buy is rediculously cheap, may look back in a year and wonder why we didn’t fill our boots

[meijiman] 01/11/2018 12:12

Umbrellas to be issued to all staff

[wiseacre] 01/11/2018 11:48

It doesn't rain but it pours!

[jedi k] 31/10/2018 20:48

The Company's discussions to obtain a waiver on the outstanding capital payments have been productive with its senior lenders and further information will be provided in due course.A somewhat positive final statement in the last quaterly update. Let's hope they can think ahead and get a waiver for the December payment.

[wiseacre] 31/10/2018 16:38

I have got this one horribly wrong. I know you shouldn't catch a falling knife but with debt resolution, which I believe will soon be forthcoming, we will get lift off.

[johnybigarms] 25/10/2018 23:30

If they achieve a sensible repayment plan, then the pressure is off and they can make headway, I have never for a minute felt like this was going bust, the loans need repaying and that takes a working mine, not a closed one, this is a recovery play with huge potential for share price increase, we are at rock bottom prices at the moment, just can’t see any downside from here

[broken_arrow1] 25/10/2018 20:36

Looks like the market has failed to pick up on these very important statements today which, if delivered, will transform the company and it's share price.


Discussions are ongoing with current lenders and external parties exploring possible ways to refinance the Group's overall debt position.


The Company remains in productive discussions with its senior lenders seeking clarification on the status of the grant of a waiver.

Capital payment - discussions are productive and ongoing with the lenders on these payments

[johnybigarms] 17/10/2018 13:35

Glad you’ve picked up your spirit, it’s been a while since I posted, gets quiet on the MTL chat section, which shows me it’s not a pump and dump type of share like 90% of AIM, 1.5 million shares purchased by someone today, nice to see interest.

[q8don] 16/10/2018 16:12

Finally a few posts that have cheered me up! Thought I was the only PI left in it for a while. I been in it for a couple of years and averaged down... which is a risky strategy. Agree with the sentiment and logic of these recent posts... we will see... starting with the October update! Good luck to all!

[broken_arrow1] 16/10/2018 15:02

Always worth a modest punt on debt ridden Co's when their commodity is on the rise.

They outperform during commodity uptick periods.

Comparison with AAZ a few years ago is a good one.

£1,000 invested in AAZ around 4 years ago would be worth nearly £20k now

Problem is here I doubt you could buy £5k's worth at current levels.

[johnybigarms] 16/10/2018 14:40

Totally agree, this is not your usual Aim share, where share price runs mad on future potential, it’s here now, it’s a working mine with over 10 years of investment to get it running, admittedly not up to full speed yet, but it’s going to happen, output design of 100k ounces per year is the goal, that’s $120 million income, plus other metals, possibly $130 million income in total, if no disasters hit production, we are looking at $60 million per annum profit with POG at $1200, debts of $90 million soon seem small, tax free until debts recouped was agreed by the Philapean government, the high outgoings costs from 2018 production will reduce year on year as the mine is now complete with infrastructure spending, tailings disposal, supply water, back up power, licences etc etc are all in hand now, so it’s far from a dud, running capital has been really tight due to constant teething trouble, hence the share price lows, but the sell off from 3.5p to 1.25p was crazy and vastly overdone or manipulated, considering how few shares were traded, a fraction of a percent of allotted shares changed hands, smart money would get on board before the confirmation that were all good, if your already in, hold tight for the recovering share price, good luck to all, I’m in with 400000 shares so it’s not a huge investment, but it could be a nice pension pot in 5 years time.

[the_debt_collector] 16/10/2018 11:21

Obvious market shenanigans going on here, cannot buy size, just a few modest trades moves it 20%. Dropped from 3.5p on tiny volume.

Seems Q3 results are imminent, gold production may be half decent given operational improvements.

Institutional investors holding tight.

Could easily double-treble.

[callmebwana] 16/10/2018 10:09

Good posts guys.
Perhaps the rise of Phoenix from the ashes. To late for me to pull out.
Just a small investment in this one.
GLA.

[the_debt_collector] 15/10/2018 20:55

Good analogy with Anglo Asian Mining, they were written off @ 4p with debt $45m but had support of a major shareholder. 4 years later trading at 70p and paying a dividend. Opportunists buying the lows made a packet.

MTL has the support of major shareholders + banks in it for so much they should support, no bond holders to worry over, no convertibles.

Debt $90m but production curve on way up, could reach 50k-55k oz FY v 35k oz last FY.

Confirm cannot buy size in market, no real sellers, buyers locked out.

To risky to short - re-iterate interesting.

[johnybigarms] 15/10/2018 20:24

The drop from 3.5p to 1.25p has happened on tiny volumes, private investors lose patience, sell out and punt their remaining cash on another Aim stock hoping to recoupe, big institutional investors are holding tight, and so I feel they are shrewd and that’s why I continue to hold, this has happened to AAZ, they were in debt and struggling a few years ago, but it’s turned around and prospering, debt paid back and cash flowing in, I believe MTL is in a position to produce more Gold than AAZ, also with the benefit of low costs per ounce, the debts will fall, slowly at first, but if they can get constant production, learn from past operating mistakes, then debt payback will pick up speed, 3 years from now, debts could be gone, share price will be 10 fold today’s lows, HOLD or speculative BUY

[the_debt_collector] 15/10/2018 19:30

This is now a binary play - buy now and risk modest cash or you could quadruple your money in a flash.

If they can re-finance it will fly, operational improvements are visible as is increasing gold production.

The banks are in too heavily to pull the plug under current circumstances.

Co helped by a strengthening gold price obviously.

Remember also shorts (if any) have to close positions.

Interesting.

[johnybigarms] 15/10/2018 18:38

I’m not writing it off, I’m adding, 80% production is still 20k ounces of gold per quarter, or $24 million income, the banks can’t close the mine down as they are so heavily invested, it’s got turn around potential, and I’m sticking with it, it’s been a disaster story for the last 2 years, but the management have to get a period or quarter right at some point, the banks invested are still getting interest from MTL and whilst they are, they are getting richer, not poorer, so with that in mind, they like me will have to be paitient, but the potential is still there, 9 more years of pit life at least, the mines running, it’s just getting it to work without constant gremlins, £25 million Market cap is ridiculously cheap if it can still get things right, why cash out now? Your too late to recoup any real value, no one has made money yet, so stick with it and wait, or add if your brave, I’m the later, this time next year 3p is my target, time will tell