Share Name Share Symbol Market Type Share ISIN Share Description
Metals Exploration LSE:MTL London Ordinary Share GB00B0394F60 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.625p 948,118 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.50p 1.75p 1.625p 1.625p 1.625p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 34.72 -13.82 -0.65 33.7

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Date Time Title Posts
13/11/201813:17Metals Exploration - Turning the corner455
14/9/201813:42Metals Exploration - The Investors thread2,039
24/1/201420:34Metals Exploration - Positive Rewsuls 30 June 20052,077
21/10/200922:36Metals Explore - Information thread1
30/6/200520:08Metals Explore - Information thread167

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Metals Exploration Daily Update: Metals Exploration 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 has a 4 week average price of 1.38p and a 12 week average price of 1.25p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 1.25p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 1,029,389 shares. The market capitalisation of Metals Exploration is £33,659,187.02.
callmebwana: B_A yes, that is when I first bought in. I have bought twice since to average down, I usually don't like doing that. It is the BIOX circuit that has given them big problems. I am sure they will succeed in sorting that and the debit restructuring. Well at least I hope they do. The share price has taken a bit of a turn on the upwards,just have to wait for news. I managed to bag some below 2P. I will hold on until news now. ATB.
johnybigarms: 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
johnybigarms: 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: 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: 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.
johnybigarms: 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_sage1: This company is in a FAR better place than it was last year when the share price was 4p. Hard to explain why the stock is trading at 2.75p therefore. They could produce 50k-60k oz of gold this year compared to 35k oz last year. The loan today offers headroom should it be required, the major shareholders remain supportive. It is only a matter of time before debt is restructured, when it happens the shares will significantly re-rate.
the_sage1: The biox unit was nearing full capacity before the power outages, no reason why it should not return quickly into full capacity when power was restored therefore. The market is sleeping this time of year but it seems MTL has finally turned the corner, get the debt re-financed and it's happy days. That news could come at any time. The share price is not reflecting the significant progress made this year.
achillesheel: "Having stumbled badly on my, hitherto disastrous, share tip for Metals Exploration (MTL) in the summer of 2016 I stuck my neck out - correctly as it turns out - at the beginning of this month by a renewed tip for the accident-prone Philippines gold producer. Figures for the first quarter released on Friday were nothing to shout about but no less than we were led to believe. However, against a historic realisation of only 45% capacity, the company revealed “subsequent to the period end (it) has achieved and maintained 100% design capacity throughput of its Biox ® circuit.” If indeed this is maintained, we should now see a transformation in gold production and an end to the deep financial insecurity of the company, which has been teetering on the edge of bankruptcy. In anticipation of the quarterly results and subsequent to my tip the share price has improved by 20% to 3.82p But the actual figures gave little comfort. Just 10,593 ounces of gold were produced. Cash at the bank was $1.74 million. Capital repayments of $12.96 million have been deferred until 30 June and total debt now stands at $90.8 million. So everything now depends on gold production in the current quarter. Canaccord, the company’s new broker, put out a teasing statement on Friday, briefly concluding: “Should the company manage to reach name plate productivity, its Runrunp project could be producing 90-100 kozs of gold per annum at an average cost of c $500-600 oz. Metals has struggled for some time, but this could be finally a turning point we think for the company with the key bottleneck in the processing, the Biox plant, looking to be less of an issue going forward, allowing the company to target nameplate capacity.” I suggest the broker deliberately pulled its punches ahead of a more detailed analysis and will shortly come out with a full-blown Buy circular. Metals has the potential to make its capital repayments by the end of June with plenty to spare. And those who want to gamble on a serious pot of gold should jump in first. I believe the current quarter could see the shares catching fire. At last! So now, at a 4p offer, either average down or BUY!"
jailbird: I am always wary of director's buys when financing is required. I am not sure of the vehicle that will used. 20% on current debt $2m lending just shows how high risk the lenders are seeing the Co. You must look at the reason that is. Total interest bearing liabilities as at 31 December 2017 were US $89.80 million! I look at the market cap of the Co not the share price... Market can over or underprice a share..current value is to high for me. Way too early to talk about the Co throwing off cash... Need to see one whole year of stable production.
Metals Exploration share price data is direct from the London Stock Exchange
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