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% 0.925 52,608 08:00:00
Bid Price Offer Price High Price Low Price Open Price
0.90 0.95 0.925 0.925 0.925
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 129.84 11.30 0.55 1.7 19
Last Trade Time Trade Type Trade Size Trade Price Currency
08:00:28 O 52,608 0.92 GBX

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Date Time Title Posts
30/6/202216:22Metals Exploration - The Investors thread4,256
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
2022-07-04 07:00:290.9252,608483.99O
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Metals Exploration (MTL) Top Chat Posts

Metals Exploration Daily Update: Metals Exploration Plc is listed in the Mining sector of the London Stock Exchange with ticker MTL. The last closing price for Metals Exploration was 0.93p.
Metals Exploration Plc has a 4 week average price of 0.93p and a 12 week average price of 0.93p.
The 1 year high share price is 2.10p while the 1 year low share price is currently 0.93p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 515,650 shares. The market capitalisation of Metals Exploration Plc is £19,159,844.92.
jonnyreggae: Apart from the award under Management Incentive Plan, Darren Bowden has not bought a single share in the company he runs - Speaks volumes!
sparki2: Good news to have a board fully supportive of the CEO's plans for the future expansion of our company and its share price.Expecting action following repayment of the principal debt in the 4th quarter.
marmalade44: Johnnyreggae - MTL does not control the share price. The market is valuing the shares that I hold at 1.2p, the same shares that I bought for 0.55p just over 3 years ago. And, so what? Oh yeah, you mentioned my IQ.
johnybigarms: A: $94.2m It’s easy to understand if you look at it like this, You owe your brother £10 and you have in your savings account £1, you get paid £2 and so you pay off £2 of your debt to your brother, you now owe £8 and have £1 in your savings, so your total worth is minus £7. Or You owe your brother £10 and you have in your savings account £1, you get paid £2 and so you pay off £3 of your debt to your brother, using your savings, you now owe £7 and have £0 in your savings, so your total worth is minus £7 It’s the same number. This quarter MTL made $8.2 million clear cash and reduced the debt by $4.7 million, so the interest was $3.5 million for the quarter (8.2 - 4.7 = 3.5) MTL paid the Candy’s $12 million by using their savings, it’s that simple, the total debt is the same whether they had used their savings or not, but the upside to using their savings is they owe $4 million less on the Senior loan and as such save 7% on $4 million for the next 3 months, that’s £70000 less interest owed by Q2, small saving but a saving it is. Bottom line is we need to clear the last $12.9 million of the Senior loan, then the remaining debt will reduce to 7% and that will reduce our quarterly interest instantly from the current $3.5 million to around $1.6 million, that speeds up the debt free future we all patiently are waiting for, nothing confusing with this latest RNS, I reckon Q2 will bounce back as the 3 weeks lost production gets processed along with the Q2 quarters production, and a bigger chunk of that last $12.9 million will be cleared. Long and strong. Oh, any one invested in gold must have the belief gold has to go much higher that it already is, and I believe we are due a huge leap forward in the near medium term. GLA
marmalade44: I'm seriously beginning to think that this forum is made up of The 1% Club contestants. Of today's posters only Johnnybigarms will get this correct. If MTL had only made an $8m debt repayment in Q1 and had $4.7m cash in the bank then what would the net debt be at the end of Q1? A - $94.2m, B - $98.2m, C - $94.9m, D - $98.9m?
grimreaper2019: Nearly every $ generated by the gold mine (that is rapidly depleting btw) is going to Candy and Edwards to pay back their 'loans' Not only did they not pass on the huge discount they attained buying the bank debt they then decided to instigate penalties & penal interest rates on the company, the newly appointed CEO (Mr Bowden) initially was 'disappointed' with this aspect but now has accepted he is purely working for the providers of loans, billionaires, his salary is assured, interesting he owns no stock. Despite tens of millions of $ paid by the company over the last 2 years debt still stands at $94m. No wonder the share price remains floored.
sparki2: Jedi K thanks, valuable to look at that macro picture in the gold sector before honing down into a closer look at MTL with its present market cap of c. £30m - as the gold price has now broken out decisively to the upside from the 'flag formation', just as envisaged in the CME article of 22 February 2022.- last year, net profit margin c.$500 per oz; c.$1800 - c.$1300- management 2022 est. production 67k - 70k oz- very attractively geared to gold price- cash flow enabling accelerated repayment of shareholder debt- by 4th 1/4 interest rate reduction on debt to 7% (from 15%)- Darren Bowden, CEO, runs 'a very tight ship'- extension of mine life through current exploration- M&A expansion under active discussion- excellent safety record- political support for MTL and for its expansion plansI'm in because I think this will be a multi-bagger! E&OE, AIMHO and do please, DYOR
jonnyreggae: Darren clearly talked about extending the mine life by only a couple of years once the drilling is complete. He said that the rest of Runruno is greenfield and would take 15 years to develop. He said the board favoured M&A to a new brownfield site. So it left me with the impression that Runruno would be done in 7 years and any upside would come from M&A. To me that means more years of dead money with the share price going nowhere.
johnybigarms: The Q4 results were excellent, above forecast predictions, and selling was not because they were bad, the sellers haven’t patience, or are trying to trade the stock, those new to investing in MTL need to understand that MTL cleared $7.3 million off the debt after all costs and interest, on a lower priced golds value than current, the Senior loan has about $23 million to clear, and that’s possible by 2022 Q2, 100% a definite by 2022 Q3, we generate at least $10 million clear per quarter, and have forecasted similar results for 2022, but this is the main point, we have had a long period of high interest and it’s set to end in a few quarters, once we pay off the last of the Senior loan outstanding ($23 million) then the Mezzanine loan that’s accumulated interest at 15% and hasn’t had a cent reduce to date, becomes the new Senior loan and drops to 7%, and that’s where we can really hammer down that loan as our interest payment shrink by about 60% from todays numbers, efficiency improved to 89% in these latest results, not a mention on these boards, how good is that? and MTL long term investors have seen these continued improvements with every quarter for the last 2 years, and why some hold as much as 25 million shares, many with 5 million plus, because the hard work will pay dividends (literally) in the next 2 to 3 years, so buying in at the low levels we’ve had had for a while is investing for a huge gain down the road, and those looking for instant gratification should look elsewhere, as a mining stock takes time, some have been here from the start, and the rewards are only a small amount of time away by comparison, if you can’t wait, sell up, they get soaked up every time by the long term holders, most who have massively increased their holdings over the last 2 years, me included, but saying a company that functions as smoothly as MTL has little value is a stupid statement, it’s value per share will 7 fold from here in 2 to 3 years, AAZ is another Gold Producer that had the same journey, and it’s value was as low as 4p, go look at the charts, I bet many let them go when the were a few pence, only to look a few year later later with disbelief, those without patience. GLA (a happy long termer viewpoint)
johnybigarms: Jonny, perfectly spotted, we met the predicted numbers, we know that Q2 and Q3 were predicted to be lower than Q1 with 2021 Q4 and 2022 set to be the real game changer, nothing in that report was unexpected, I said $30 million income was on the cards, and we knew costs would be higher than normal, so relax, Q3 will be about the same as Q2 with Q4 likely to be the best numbers of the year, long term view unchanged, and don’t let trolls change that view, share prices drop and share prices rise, but the company prospects remain the same, MTLs update was on target and those selling out today will regret doing so, those looking for a super cheap entry to a gold play in a well run gold explorer and producer, you have a fantastic opportunity, business as usual for MTL, another $30 million income for Q3 and upwards every quarter after, debts are falling, inflation is rising and gold set to hit new highs this year, chill and watch this play out, patience boys and girls.
Metals Exploration share price data is direct from the London Stock Exchange
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