Metals Exploration Share Price (MTL)

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
	-0.125p	-3.33%	3.625p	248,431	08:18:15
Bid Price		Offer Price	High Price	Low Price	Open Price
3.25p		4.00p	3.75p	3.625p	3.75p

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Mining	5.8	-20.5	-1.0	-	75.09

Related Shares
Glencore (GLEN), Rio Tinto (RIO), Metminco (MNC), Mila Resources (MILA)

Metals Exploration (MTL) Latest News

Metals Exploration News

Date	Time	Source	Headline
20/4/2018	13:24	ALNC	Metals Exploration Reports Sharp Drop In Runruno Gold Sales
20/4/2018	07:37	ALNCF	Alliance News Flash Headline
20/4/2018	07:00	UKREG	Metals Exploration PLC Quarterly Update To 31 March 2018
16/4/2018	15:37	ALNC	DIRECTOR DEALINGS: Metals Exploration Non-Exec Director Buys Shares
16/4/2018	07:25	UKREG	Metals Exploration PLC DIRECTOR/PDMR SHAREHOLDING
09/4/2018	18:21	ALNC	DIRECTOR DEALINGS: Metals Exploration Non-Exec Director Buys Shares
09/4/2018	18:10	UKREG	Metals Exploration PLC DIRECTOR/PDMR SHAREHOLDING
29/3/2018	14:13	ALNC	Metals Exploration Secures USD2 Million Loan From Shareholders
29/3/2018	07:00	UKREG	Metals Exploration PLC Standby Funding
23/1/2018	14:36	ALNC	Metals Exploration Reports Growth In Runruno Gold Production

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Metals Exploration Takeover Rumours

Metals Exploration (MTL) Share Charts

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Metals Exploration (MTL) Discussions and Chat

Metals Exploration Forums and Chat

Date	Time	Title	Posts
25/4/2018	09:36	Metals Exploration - Turning the corner	225
20/9/2017	22:09	Metals Exploration - The Investors thread	2,009
24/1/2014	20:34	Metals Exploration - Positive Rewsuls 30 June 2005	2,077
21/10/2009	23:36	Metals Explore - Information thread	1
30/6/2005	21:08	Metals Explore - Information thread	167

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Metals Exploration (MTL) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
08:10:06	3.35	100,000	3,350.00	O
07:18:10	3.50	70,000	2,450.00	O
07:06:47	3.50	78,431	2,745.24	O
2018-04-24 14:58:22	3.60	150,000	5,400.00	O

View all Metals Exploration trades in real-time

Metals Exploration (MTL) Top Chat Posts

Date	Subject
25/4/2018 09:20	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 3.75p. Metals Exploration has a 4 week average price of 3p and a 12 week average price of 3p. The 1 year high share price is 4.25p while the 1 year low share price is currently 2.13p. There are currently 2,071,334,586 shares in issue and the average daily traded volume is 176,085 shares. The market capitalisation of Metals Exploration is £75,085,878.74. Read Full Thread Reply
24/4/2018 14:03	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!" Read Full Thread Follow Reply
16/4/2018 20:27	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. Read Full Thread Follow Reply
28/12/2017 08:12	callmebwana: Wake up and smell the coffee chaps. Share price at 4.125P.Bid at 4P Watch this go up ! Read Full Thread Follow Reply
08/11/2017 20:26	forevernever: I would like to believe that but with so many set backs I am not holding out. I would have also expected a little more positive response to the share price too... Read Full Thread Follow Reply
31/8/2017 10:33	wiseacre: It amused me to see if one might get a rise out of him. Certainly got a rise out of the share price. Very positive. Read Full Thread Follow Reply
17/8/2017 17:32	wiseacre: I believe we shall have positive news on mezzanine finance in the next few days. Today's sudden improvement in share price and increase in volume a promising signal. Read Full Thread Follow Reply
15/4/2017 18:52	jaber551: According to their NAV Announcement for 6 April 17, Baker Street still holds 7.3% of their investment in MTL. Down from 10% according to 17 Jan NAV statement . MTL 12 Jan Holding RNS indicate BSRT holds 6.7% interest in MTL with 137,875,609 shares when their investment was 10% of their portfolio. So they probably still holds around 134m shares Below extract from BSRT 6 April 17 NAV statement when they reduced to 7.3% “During March 2017, Metals Exploration plc ("Metals Ex") announced that mining and processing operations at its Runruno Gold Project in the Philippines are ramping up more slowly than had been expected, due to a prolonged period of incessant rainfall and other factors that have restricted the effective mining of waste materials. Although this is a further disappointment for a project that seems to have had more than its fair share of problems outside its control, when the Investment Manager met the management of Metals Ex following the announcement, they seemed reasonably confident that the situation could be turned around. During the month the share price of Metals Ex fell 31%.” Read Full Thread Follow Reply
24/2/2017 08:38	johnybigarms1: The long term holder does not only benefit from the share price, value will also come from dividend payments, once the loan is paid back in 2 1/2 years time, the gold profits at current $1200 to $1250 per ounce will be around $70 million per year split between the Philippine government in taxes, MTL and its shareholders, the dividend alone could be in the order of 2p per year for shareholders, over 7 years that's 14p on top of the share price, then the mine may expand over this period and extend its life even further, that's why I'm here investing in real business, not prospecting companies who are 5 to 10 years from getting a £dollar out of the ground, the wait for news is nothing to worry about, keep buying where funds allow, this is a real gold mine, a real opportunity to get a slice at silly low levels. IMHO Read Full Thread Follow Reply
06/1/2017 17:06	lord badger: Hol, I’d given up speculating on what might happen down the line but I don’t think this is a pure Candy play given the outcome of the Battle for MTL a few years ago, which pegged back their holding to below 50%. I thing the prevailing theory is a sale at some stage. There is another theory, that being to build up a war chest and buy another mine, possibly from a major producer looking to pay down debt, but I don’t see the current management taking that on, and besides, it would be hard to compete with the Chinese who are acquisitive at the moment. Then there is the possibility of developing another mine - MTL is, at the end of the day, an exploration company - but I don’t think there is an appetite for this in the Philippines given the government’s attitude towards mining and the current regulatory environment. There are possibly a number of other options, along the lines of those you mentioned, but the Candy’s would have to convince Runruno Holdings, Baker Steel, Ruffer, et al, to go along with them on that journey - they could do it, but personally I doubt it. You mention the Candys being used to long term plays, but for them this is already a very long term play and perhaps they’re looking to close it out sooner rather than later. I think the other thing to bear in mind is that the world has changed a great deal since the the Candys first got involved and their priorities / strategy may well have changed; their strategy certainly changed after 2010. If a sale is the preferred route then unless something forces their hand, my logic dictates that the company would maximise value beforehand; get the mine into full production and optimise the gold circuit and then run it for a while whilst expanding the resource. Well, that’s what I’d do. With regards the share price, and your comment Peter, correct me if I’m wrong, but the company would most likely be selling the mine and the sale price would be based on the value of the gold in the ground, effectively the value of FCF Minerals, rather than MTL’s share price If this is the case then I’m not sure the major shareholders will be focused too much on the current SP, more on the longterm performance of the mine and the size of the resource/reserves. Read Full Thread Follow Reply
19/12/2016 19:03	lord badger: Peter, I agree that what is not said can be as important as what IS said. However, I know from my own experience advising clients on the release of news, you are often damned if you do, damned if you don't, plus very often there are a host of complex reasons in the background why what seems like straightforward information cannot be released; the latter of which is the bane of my life. I obviously can't comment on MTL and the reasons why certain seemingly obvious information is not being released, however, all I can say is that from my questions to the board at various AGMs and from the discussions with Ian and Liam at last year's AGM, to which a number of other members of this board were a party, I have experienced the "OK, now I understand" moment on numerous occasions. Plus, on the up side, the current drop in share price presents an opportunity to buy at the same level as the major shareholders did in the last two rounds of fund raising i.e. their premium has been nearly wiped out. Not only did the major shareholders pitch in at 5p but so did a range of new investors. I can't see any of them doing so if 5p didn't represent good value - OK, before someone points it out, you could say that the original major shareholders had to pitch in because they're in so deep, but that's not true of the new shareholders. Depending on your perspective of course, you could actually say that the "markets" are working in favour of PIs at the moment, at least those who have the funds to average down or take a position. Personally I view the management as cautious/conservative with regards news flow and have this baked in to my assessment of the business and my investment. Some miners like to splash news around and ride the share price gyrations like a dull rodeo rider, but I'm not a fan of this approach. At the end of the day approx 85% of MTL's shareholders are high net worth individuals and investment vehicles, who get the news they need. That's not to say the management ignore PIs, as our experiences at AGM's attest, but none the less it's a fact of life. Granted it means the free float is small, the market size is tiny and the share price regularly does odd things, but on the plus side, with a small group of major shareholders the business has been able to raise funds quickly and cheaply and the debt level is, by conventional standards, very low. We're hopefully in the home straight now but it's going to take a little more patience. I'm actually as interested in the next operational update as I am in news of an Environmental/CSR Award, the latter of which is so important on so many levels including the big one: keeping on the right side of the government. Quite aside from keeping on the right side of government, maintaining good environmental/CSR standards is just the right thing to do. Despite what some say, the government needs miners and the taxes they generate; they just want better miners, those who operate to the same standards they would in their home territories. They also have a vested interest in exemplifying good miners and promoting high mining standards, which is a win win for both the government and MTL, if we were to win another award (we have a fair few already). An award some time soon would be great news. No pressure then! Read Full Thread Follow Reply

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