Metals Exploration Plc

0.00 (0.0%)
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 Shares Traded Last Trade
  0.00 0.0% 1.60 501,488 07:47:00
Bid Price Offer Price High Price Low Price Open Price
1.50 1.70 1.60 1.60 1.60
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Gold Ores 124.41 8.75 0.40 400.00 33.14
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:28 O 200,000 1.6102 GBX

Metals Exploration (MTL) Latest News

Metals Exploration (MTL) Discussions and Chat

Metals Exploration Forums and Chat

Date Time Title Posts
15/5/202311:19Metals Exploration - The Investors thread4,428
09/4/202011:02Metals Exploration Shareholder Action Group18
02/1/201900:11Metals Exploration - Turning the corner472
31/12/201812:57BLIND RISK22
31/12/201812:57Just note these RNS's20

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Metals Exploration (MTL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Metals Exploration (MTL) Top Chat Posts

Top Posts
Posted at 04/5/2023 06:09 by grimreaper2019
This looks a good bet, gold now $2040oz v their average $1887oz sold price in Q1 - on 22,000oz produced.

Every $100 oz move means an extra $2m hits the free cash flow - in Q1 it was $18m.

On that basis debt falls below £40m end Q2, by year end it could be under £10m.

Market cap now only £40m for a 82k oz a year producer ????

Share price will be 6p+ by year end.


Posted at 02/5/2023 15:59 by mrmcnee
Gold price up $23oz helps the cause but debt down, production up and free cash bulging the coffers is a recipe for a major uplift in the share price here.

What other 80,000pa gold producer is valued at only £40m on LSE ??

No brainer buy IMO.

Posted at 20/3/2023 07:44 by aussiebeach
Gold shoots through $2000oz and MTL share price is around the same level as it was when gold was $15000z ?

So under radar, recent financial results have been excellent.

Posted at 18/3/2023 08:31 by mininglamp
I cannot recall a time where gold producers have had such modest appreciation to their share prices given the significant strength in the underlying gold price.

MTL stands out as particularly undervalued given its exceptional operational performance.

A well known commentator has suggested that investors have not reached the FOMO (fear of missing out) region just yet but when they do the gold producers share prices will rocket ahead.

With gold up $66oz overnight (why do these large rises always happen ahead of a weekend) the FOMO investment community cannot be far away.

It is time to buy the sector.

Posted at 16/3/2023 14:23 by thecoyone
I have been building a very decent position here over the last few months, it is very difficult to buy in any real size however.

My view is the stock has been overlooked and is not 'popular' as the likes of other producers.

I expect to see another very meaningful debt repayment announced in April, this would bring debt down to around £55m compared to over £120m 24 months ago.

The EV at 2.5p a share would be £100m, in line with peers, however with every £10m quarterly drop in debt should be worth 0.5p on the share price so by Q2 end the stock should be trading above 3p.

Buy now for a imminent 2.5p or 3p a share price re-rate IMO.

Posted at 05/3/2023 18:08 by goldenshread
In June 2021 the share price hit a intra-day 2.75p - the gold price was $1805oz - at the time net debt was $111m

By end Q1 2023 net debt should be down to circa $65m - the gold price being $1840oz, production is up also, the share price is 1.65p ?

This clearly demonstrates how undervalued MTL are, there has been no recognition of reduced debt and increased production since June 2021.

The share price should be circa 3p as opposed to 1.65p based on progress made to date.

The stock is very cheap.

Posted at 03/3/2023 15:47 by goldenshread
If they pay back debt at the rate they did in the last quarter it will be just under £50m compared to around £95m this time last year - none of this has been reflected in the current share price.

The market only values MTL at £35m - they are throwing off free cash - at least £15m per quarter, gold prices are rising again.

A buy and hold now could easily bring a 50% gain in a very short space of time.

It is very hard to buy in any size, you have to buy when it's quiet.

Posted at 03/3/2023 07:58 by mininglamp
With gold on the up move again expect to see the MTL share price start to outperform ahead of the Q1 update which comes in early April.

I expect to see another very significant debt repayment, in the last quarter they paid back $14m alone.

The share price needs to revalue to 2.5p, a level that was reached last June, at that time the company had £110m in debt, assuming another large repayment in Q1 I expect this to be half of that number now.

5p a share by year end is a conservative target therefore, current m/cap is only a bizarre £35m

Posted at 21/2/2023 15:52 by goldenshread
This company reminds me very much of AAZ, they were trading around 4p with debts near $90m, priced to go bust, as they paid back the debt through exceptional gold mine performance and production the debt was gradually reduced to zero over 4 years.

The share price rose from 4p to £1.70p at one point, they now pay a dividend, they were valued at £180m at the peak.

MTL look like they will have cleared down just over 50% of their debt by end March - the current m/cap is a modest £35m

On a like for like basis compared to AAZ MTL could hit 8p+ per share in due course (m/cap £160m)

I am very surprised more are not buying at these levels, it is a multi bagger in the making IMO.

Posted at 09/2/2023 07:57 by mininglamp
This seems incorrectly priced by the market, here is a example.

Chaarat Gold (Armenia based) production 62k oz gold, AISC $1376oz, debt $51m, £75m m/cap

Metals Exploration production 73k oz gold, AISC $1250oz, debt $81m, £32m m/cap

So MTL is valued under half that of Chaarat, has higher production, has lower AISC, but higher debt - however the debt position at MTL is dropping significantly.

It strikes me that MTL share price should be closer to 3p on a like for like basis - valuing the company at £60m right now.

At current levels the price is a steal.

Metals Exploration share price data is direct from the London Stock Exchange
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