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
  0.00 0.0% 0.725 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 61.41 -177.91 -8.51 15
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.725 GBX

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Date Time Title Posts
06/7/202023:13Metals Exploration - The Investors thread3,055
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 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 0.73p.
Metals Exploration Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 1.95p while the 1 year low share price is currently 0.58p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Metals Exploration Plc is £15,017,175.75.
broken_arrow1: This could quickly double or treble on news of a finalised debt re-structure, with the major shareholders buying the bank debt risk has gone, not reflected in the share price at all. With current gold prices MTL could be generating $10m free cash per quarter, based on a conservative 80,000 oz of gold produced in 2020. Current market value is £20m ??
wiseacre: Today's announcement leaves an awful lot of unanswered questions.. The two major shareholders who control over 70% of the shares have massively increased the debt they hold thanks to the egregious interest rate they have charged on their mezzanine finance. How big was the haircut they exacted from the two bank primary lenders on their purchase? How much will they charge for their debt for equity swap. They are not the kind of guys who take prisoners. What will minority shareholders be left with? Peanuts probably. Am not surprised the share price fell back on the announcement.
thecashmoney: Yes good right up. I think on re finance a share price of 3-4p will be fair . I can see that shortly. However like you say the bigger gains will come over the longer term. You didn't add in the scenario of improvement in production capacity. This too could off set the balance sheet. Together with the re fiance and margins .
q8don: Not overdue, the last one arrived on the 8th of August for the 2nd quarter. So, should be with us next week. Re the debt restructuring, talks are ongoing with an indefinite payment holiday. My personal opinion is that it will take awhile longer. What I want to see in this report is firstly, no new problems; secondly, improvement in gold recovery; thirdly, more gold sold at higher price and lastly, lower AISC or some measure of costs per oz declining. To what extent these are met will determine the share price move. I don't think there will be much news on the refinancing front until there is sustained improvement in the mine... only guessing, of course.
linz22: It's just your opinion, I know. But, nevertheless, your description of the current state of play remains, concerningly, very plausible. My take on this is that the only bone of contention, in the wording of the recent statement regarding restructuring of debt, is the specific use of the term 'equity', rather than 'worth', or 'value', for example, which essentially are synonymous. But we shouldn't be diverted into debating the definition of a commonly used word... If the first prerequisite of the loan restructuring is simply to repay $20m of the existing base debt by 31st March then I believe, like JBA, that current and improved levels of Au production by MTL, especially in an inreasingly bullish gold market, could come close to satisfying that. However, if the raising of "$20m net equity" refers explicitly to a huge re-issue of shares, at the present market cap that would equate to a dilution of share value of more than half. As has already been opined, the 31st March is just some five weeks away so time restraints, alongside the current paultry share price, would imply such a share issue programme to be less likely - meanwhile, the present freefalling share price would suggest the opposite. The recent statement on debt restructuring ought not be so anomylous. It is not meant to be implimented by stealth, or deception (one would hope!). PIs require clarification from the company of exactly what is to take place by 31st March. Is nobody on this forum in contact with anyone form the new BoD..? I'll call MTL today...
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!
johnybigarms: I thought the same, they can leave it at around 1p and investors will take them up until they are cleared, stabilising the share price for a few days will inspire PI confidence to buy and not sell, then once cleared we will see a small rise up to news, that’s my prediction, if they were going to flood the market and bog the share price, which I ewould love them to do, they would have done so, so I see 1p as a new bottom, time to top up whilst they are cheap, for those waiting for a cheaper entry, you may miss out altogether, no one knows when news is coming, even new CFO could spark a little confidence, the confidence I have for this share had never been stronger, and yet the 1p price feels like buy 1 get 4 free, because we are in a stronger position than we was 2 years ago at 5p, but those new to MTL haven’t got an appreciation and let go of millions of shares at a flick of a button, making or losing a few thousand here or there, but I know there will some veterans still holding who paid £47k for just 100k shares, that’s a million for £470k 12 years back, some may say they were fools, and may wait along time to see a return, but if they averaged down, then they will in a few years from here, AAZ hit 125p a share 13 years ago, they saw a low of 4p just 3 years back and a recent high of 96p last month, bet they see 125p next year, the same is soooo possible for MTL, we just need good management, supportive major holders, decent gold price and decent finance terms, we have 3 out of 4 already, a full house in 6 weeks would light the touch paper, I’m confident that’s coming, and will be adding next week, forget BOGOF, it’s buy 1 get 4 free at MTL winters sale.
johnybigarms: Hi Hotpepper, I have had the same thoughts, I can only assume it would be seen as insider trading at this delicate turning point, there is something going on in the back ground that will transform the future here, this whole change of strucure has been put in place by the major share holders, the mine has been built to exacting standards, BIOX is a super efficient method to obtains the last traces of gold, and yet, the old management failed to get it running correctly, that’s what’s decimated the share price, the last major director buying over 2 years ago at 5p (£25ok) was at the point where the mine was ramping up production during testing, that’s why many bought in at that point, huge volumes were purchased, me included, but ramping up has gone on for 2 years and still we aren’t at full speed, the new CEO has already stated that the mine processing plant is fundamentally sound, great news, so he’s confident he can make it run at design speeds, it’s that simple, ran at design speeds and this is a no brainer, $100 million debts can be cleared in 2 years profits, then we have a dividend to look forward to, AAZ have just done this, they were in the same boat as we are 3 years ago, they got financed at a critical point, paid back the debts in less than 3 years, now debt free and making 20k ounces of gold per quarter, paying 25% of the profit back to share holders, about 6% of 80p current share price, but 3 years ago they were as low as 4p, a bit like when we hit 0.4p, so our mine is bigger, longer mine life and just as cheap to operate, so if we can repeat AAZ pattern, we can hit 8p to replicate the same rise. Director buying will happen when the direction is announced to the public, when all have a clear view, then it wouldn’t be seen as insider trading, just confidence in the company, all will come good, at 1p a share, we are at the bottom of the upward curve, 6 weeks or less and all will be clear, some will wait for clarity at a higher share price, some will take a shed load now and benefit from that rise if all pans out as expected, so far the pieces of the puzzle have played out perfectly as nany have predicted, hence the rise to 1.6p, but with big volumes to sell from Ruffer, those who made large gains from the Christmas dumping, have got us back to 1p, an opportunity for all again who haven’t already got a position, dip your toes in the water with a small amount, the risk reward ratio is amazing.
johnybigarms: AAZ had the same issue late last year, it’s share price had hit 50p and news was imminent about starting a dividend, but in the back ground was a persistent seller offloading chunks of shares, it dragged the share price back to 40p even though people were buying in large volumes, the market was overwhelmed with the seller, whos timing was just stupid, as shortly after the maiden dividend was announced and the share price climbed to 96p, what expert thought it was wise to sell out? they couldn’t get your timing any worse, as you said, it’s not their money, that the same with Ruffer, their timing is just as poor, 6 weeks from now they will out, and MTL will be clear it’s on a new path, where that takes the share price, who knows, but it will a shed load higher than 1p
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.
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