Share Name Share Symbol Market Type Share ISIN Share Description
Metals Exploration Plc LSE:MTL London Ordinary Share GB00B0394F60 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.125 7.69% 1.75 10,789,808 16:15:42
Bid Price Offer Price High Price Low Price Open Price
1.70 1.80 1.825 1.625 1.625
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 94.28 13.85 0.66 2.7 36
Last Trade Time Trade Type Trade Size Trade Price Currency
16:25:20 O 750,000 1.777 GBX

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Date Time Title Posts
27/11/202011:02Metals Exploration - The Investors thread3,267
09/4/202010:02Metals 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 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 1.63p.
Metals Exploration Plc has a 4 week average price of 1.53p and a 12 week average price of 0.63p.
The 1 year high share price is 3.33p while the 1 year low share price is currently 0.63p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 2,890,823 shares. The market capitalisation of Metals Exploration Plc is £36,248,355.26.
johnybigarms: It’s easy to work out, $131 million debt at 11% is $14.4 million per year so divide by 4 and you get $3.6 million this quarter. With clear profit from gold sales less costs we estimate $10 million income, I reckon that leaves us about $6.4 million to make our repayment, that’s as bad as it gets, because the next quarter interest amounts reduce and does so with each quarter as the debt total reduces, it’s no different to paying off any loan, it takes years, 3 to 4 in our case, but then you have a debt free MTL and all profits are shared to us PIs in dividends, MTL will be 10p a share plus say 1p dividend per year, shame you won’t be part of it.
johnybigarms: Ezemunny, the ramping you mention came from new money jumping onboard the rising shareprice, when their day trading was done, the share price retreats, but 2p will become the new base level as we have gotten back to solid investors holding and adding to their already large positions, those who know the progress here are extremely happy, the LOM is already twice the time required to clear the debts, but the LOM is based on a just 15% usage of the land bank owned and available, of which MTL will prove up parts of the other 85% as and when it’s required, but for now, we will use all profits (minus a $5 million float) to pay back the loans as quick as possible, the benefit being reduced interest with every quarter. The AISIC is reducing now that we have caught up with the recent plant refurb, done over the last year or so at huge expense, our fresh dump trucks will increase throughput and save on lease costs we relied on before their purchase. Gold prices are more than high enough at nearly $1900 an ounce, we don’t need it any higher, although its more likely to go higher as the world has gone crazy printing cash to keep afloat with the COVID situation, that damage to cash value is done, and interest rates have to stay low to facilitate the huge debts, all good for Gold long term. The COVID situation that has hampered the last 6 months production, is looking likely to come to an end in the next 6 months as we have a vaccine in the pipeline, and 19k ounce quarters achieved before the pandemic will return, and increase towards the 25k ounce design, MTL management have worked out the kinks, they know what’s required and we have the free cash to implement what’s required. Is the £35 million market cap cheap? Absolutely, and patience will pay off for all those who have it, AAZ were in financial difficulties, they got those difficulties financed and the gains from the low 4p to the high 170p happened in a just a few years, fact, they have a smaller mine, a shorter LOM, and they exist in a war zone, risky, MTL sit in the peaceful Philippines, with a low cost local workforce, class leading environmental practices, schools, healthcare and a clean health and safety record. I’m invested and will stay that way, shares that rise in value don’t do that in a straight line, just look at AAZs share price chart, it zig zags, with 50% pullbacks from time to time, but over the years it’s risen up to 4000% from its financial lows, and still sits over 3000% up today, take a look, you may see a remarkable similarity to MTL.
silverspoon2009: Looks ready to bounce from 1.9p, has retraced from 3.4p reached on 27th October. The share price is now at the same level as when the gold price was $1300oz back in March, the company is now operationally profitable to boot. Moves fast as the float is tiny.
observer007: For what it is worth I now believe 2.25p-2.35p is a pretty good entry point, yesterday's 3.4p the rating was toppy without interim numbers. Interesting that they managed to pay back $4m of debt in the quarter which was hindered by operational issues, now resolved. You could deduce from the above they could pay back at least $20m in a full year, that would be worth an extra 1p on the share price if attained. Decent interim numbers today, debt down etc, probably justifies a short term move to base case 3p to 3.5p a share, ever improving financials should deliver a share price circa 4p to 4.5p on a 3 to 6 month timeline. DYOR
h2owater: htTps:// Metals Exploration AIM trading resumes prompting share surge October 26, 2020ShareBuyers Editorial Team The share price of Metals Exploration (LON: MTL) has surged by over 250 percent today after trading on AIM resumed for MTL. Previously, the natural resources and exploration development company with assets in the pacific rim area had announced a debt restructuring agreement. The restructuring essentially sees a trio of new debt and credit facilities in place regarding mezzanine debt, senior debt and revolving credit as announced back in September. One of the key highlights in the restructuring is that it is no longer subject to fixed principle and interest repayment schedules and will no longer be in default. Shares in Metals Exploration reached as high as 2.78p earlier this morning before cooling a touch to 2.48p towards the later afternoon. Earlier in the year, shares in Metal Exploration were trading as high as 190p. The company currently has a m. cap of just over £51m at the current share price of 2.47p.
eezymunny: Ave gold price 2019 c. 1400. "As at 31 August 2020, the total amount owing to the respective Lenders was approximately US$72 million for the Senior Facility and approximately US$65 million under the Mezzanine Facilities, an aggregate of approximately US$137 million. " and "The New Senior Facility interest rate will be set at 7 per cent. per annum accruing daily and compounding quarterly. The New Mezzanine Facility interest rate will initially be set at 15 per cent. per annum accruing daily and compounding quarterly" Y1 If you crudely use $1900 gold price and assume nothing else changes, revenue goes from $94m to $127m and if costs fixed that $9m op profit becomes $42m. Pay interest on that (7% of $75m and 15% of $65m) of $15m and you can pay down $27m senior debt, leaving $48m senior + $65 mezzanine. Y2 Assume op profit the same $42m Pay interest on that (7% of $48m and 15% of $65m) of $13m and you can pay down $29m senior debt, leaving $19m senior + $65 mezzanine Y3 Assume op profit the same $42m Pay interest on that (7% of $19m and 15% of $65m) of $11m and you can pay down $31m debt, leaving $0m senior + $50 mezzanine Y4 Assume op profit the same $42m Pay interest on that (15% of $50m) of $8m and you can pay down $34m mezzanine debt, leaving $16 mezzanine Y5 Assume op profit the same $42m Pay interest on that (15% of $16m) of $2m and you can pay down $16m mezzanine debt, leaving net cash near current market cap. So only in year 6 onwards is there anything for anybody except debt holders. And all this assumes immaculate execution (lol), no Philippines interference (lol), no tax (lol, reckon tax losses used up by then), no grade problems towards end of LOM etc etc etc (lol). Life Of Mine only 6-7 more years remember. As I say it's a wild punt. With a very high gold price, near perfect execution, no gov interference, some successful explo etc etc the upside could be very decent...but there's c. 5 years hard slog ahead just paying down debt (this isn't debt that can be rolled over, the debt holders bleed any profits almost instantly for several years b4 there's anything for shareholders.... Tomorrow's share price very unpredictable. Open at a premium, spike a bit further and crash, trapping all the uneducati would be my guess :)
observer007: Thinking of buying in tomorrow, I do not agree with the above summary entirely, yes the debt is just under £95m but operational performance has improved significantly and last years (end December) $8.9m operating profit was delivered with gold prices around $1300oz. The share price before the panic collapse in March was 1.85p and rising, with the same debt, since then a great deal (to the positive) has happened. Interim results are due to be published before month end, gold prices over the period have ranged $1750-$2050 oz, so am expecting a decent performance. The new CEO seems to be high class also. I would be very surprised if this does not open above 2p and moves higher still.
jedi k: Gold miners' share prices are soaring with the value of the precious metal, while increased dividends are helping push these stocks higher still. Gold miners' share prices are soaring with the value of the precious metal, while increased dividends are helping push these stocks higher still.The spot price of gold has risen 17 per cent so far this year and is closing in on $1,800 an ounce for the first time in nine years. The commodity, commonly treated as a reliable store of value by investors, has benefited from nerves over the spread of Covid-19 and the outlook for global trade - and rock-bottom yields available on other haven assets. But miners have been criticised in recent years for their profligacy. After the last boom sent gold as high as $1,900 a troy ounce in 2011, producers spent heavily on deals and projects that turned sour when gold prices started to fall.Since then, the big producers have focused instead on improving their balance sheets. At the end of March, net debt at Barrick Gold, the world's second-biggest producer, stood at $1.85bn, half the level of a year earlier.
volmer3: METALS EXPLORATION – SHAREHOLDER ACTION GROUP This thread is for shareholders in Metals Exploration to work together to secure and increase the value of their shares. An easy way to join is to send an email to me at with your shareholding, including shares in the names of family members. It will help build up our group if you indicate the stockbroker holding the shares on your behalf. We can do this by using our voting rights effectively in any Special Resolution brought forward by the two major shareholders or company. The key objective is to prevent the two major shareholders from using any type of extreme debt for equity swap. The two major shareholders are: • MTL (Luxembourg) Sarl • Runruno Holdings Ltd The significant shareholder listed in MarketScreener on 13.3.20 are: MTL (Luxembourg) SARL 969,591,720 46.8% Runruno Holdings Ltd. 393,553,571 19.0% Baker Steel Capital Managers LLP 136,500,949 6.59% Ruffer LLP 87,203,186 4.21% Jarvis Investment Management Ltd. 73,739,511 3.56% BlackRock Investment Management (UK) Ltd. 70,055,670 3.38% Hargreaves Lansdown Stockbrokers Ltd. 33,764,000 1.63% Investec Wealth & Investment Ltd. 18,844,001 0.91% HSBC Global Asset Management (UK) Ltd. 14,884,000 0.72% UBS Asset Management Switzerland AG 13,251,000 0.64% This totals 87.44% but includes a number of nominee accounts. It looks as if at least 16.46% is held by individual shareholders. Total share ss in issue are 2,071,334,586. This Shareholder Action Group board has been set up we know the company has generated cash and profits for 2018. Net profits and free cash flow could reach $35m to $50m in 2020 and our shares could be worth anything from 3p to 7p in the short term with a balanced refinancing of the company. It is essential minority shareholders group together now. We need to protect our interests and coordinate our approach should a special resolution be put forward to shareholders. This bulletin board has a free email service for us to make initial contact - use the dropdown menu from the arrow alongside my username volmer3. Please use this board only for this topic. The LSE or other bulletin boards are excellent for other discussion. I’m Leslie Gordon. As a qualified accountant, my experience includes corporate finance, general finance and investment. The purpose of our Shareholder Action Group is to make all shareholders aware of a likely Special Resolution, and its’ consequences for them, should it be put forward by the two major shareholders. It is also to prepare and coordinate the response and communicate how shareholders can exercise their vote. Let us start by cooperating and communicating our shareholdings. Please send details of: 1. the number of shares you own, regardless of size of holding 2. the name of your stockbroker (this may help to search for other MTL shareholders) 3. your email address (so I may keep you informed) 4. your name, if you wish 5. your telephone number, if you wish All information will be kept confidential and not shared with anyone unless you ask me to. I will exchange my personal contact details. Please remember that when resolutions are put forward either the company, or major shareholders behind the resolution, offer to exercise your vote as a proxy. IT IS ESSENTIAL NOT TO USE THIS. Instruct your stockbroker on how you wish to vote. Let’s get this done and use our vote in whatever Special Resolution may be put forward. Please spread the news on the Metals Exploration Shareholder Action Group to: - friends - family - other bulletin boards - anyone who is a shareholder - and anyone else who can get our message out there
hotpepper1: JBA, I think that it is possible in the not too distant future for the FTSE 100 to follow the Dow when it falls maybe 25% on what I think will be a correction(bear Market technically speaking), under such a scenario how do think the MTL share price will fair...I cannot imagine the AIM market will not react at least on par with FTSE...Maybe even worse! This is now my over-riding strategy factor for further activity in the AIM market! Look forward to your take!
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