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MTL Metals Exploration Plc

-0.25 (-8.2%)
05 Dec 2023 - Closed
Delayed by 15 minutes
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
  -0.25 -8.2% 2.80 1,390,853 14:57:44
Bid Price Offer Price High Price Low Price Open Price
2.70 2.90 3.05 2.80 3.05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 124.41M USD 8.75M USD 0.0042 6.67 58.69M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:49 O 17,137 2.785 GBX

Metals Exploration (MTL) Latest News

Metals Exploration (MTL) Discussions and Chat

Metals Exploration Forums and Chat

Date Time Title Posts
05/12/202315:20Metals Exploration - The Investors thread4,558
29/8/202322:23Metals Explore keep em peeled407
09/4/202010:02Metals Exploration Shareholder Action Group18
02/1/201900:11Metals Exploration - Turning the corner472
31/12/201812:57BLIND RISK22

Add a New Thread

Metals Exploration (MTL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-05 16:28:512.7917,137477.27O
2023-12-05 15:19:522.7912,099338.05O
2023-12-05 15:13:512.7056,6651,529.96O
2023-12-05 15:06:022.8110,286289.04O
2023-12-05 15:00:142.703,11984.21O

Metals Exploration (MTL) Top Chat Posts

Top Posts
Posted at 05/12/2023 08:20 by Metals Exploration Daily Update
Metals Exploration Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker MTL. The last closing price for Metals Exploration was 3.05p.
Metals Exploration currently has 2,095,944,271 shares in issue. The market capitalisation of Metals Exploration is £58,686,440.
Metals Exploration has a price to earnings ratio (PE ratio) of 6.67.
This morning MTL shares opened at 3.05p
Posted at 24/11/2023 20:04 by clivee1
Find it extremely hard to believe that Metals Exploration is still trading in the range of a miserable 2.1 to 2.40 pence today and also in last few days.

I still think that Mtl will perform in a similar way as did AAZ a long time ago.

Would really be great to buy another 12 million shares in Metals Exploration even at 2.5 pence, however i am totally maxed out presently and just have to wait and wait and wait, a bit like the actors and actresses in Casablanca

Extra long term holders since 2004 who still believe that Mtl will come good in 2024, then tell me.


Posted at 19/11/2023 19:40 by marmalade44
Clivee1 - You claim to have read Al the RNS's from MTL and yet here you are stating that MTL have never diluted their shares ever!!!

Back in 2010, when there was an offer of 13p / share there were a lot fewer shares around than there are now. There were 275m shares back in 2010.

How can there now be 2.2b shares if there has never been any dilution?
Posted at 19/11/2023 18:25 by clivee1
Looking forward to the day (sometime in January 2024) when our CEO DB announces that Metals Exploration is Debt Free.

Only a very short time to wait. Btw ... some LTHs have been waiting since 2004 and guess what they are all going to finally end up in Profit....reason dilutions ever by Mtl !!
I cannot understand why Mtl continues to trade at such a mega discount to its true current value, given its fantastic ultra stability and growth Potential.

Past AAZ type historical concerns maybe ?

Who knows what Candy and Edwards will announce when Debt Free status is announced in an early 2024 RNS including some very detailed underground mine development works to the south of RR that are being right now undertaken from the BOD.

Just sit back and wait........... btw..........I am just a private investor and all the comments above are just my views, hopes and wishes.

Posted at 18/10/2023 10:23 by jedi k
Metals Exploration ("MTL") has released a Q3 update from its Runruno mine in the Philippines, with production of 22koz beating our forecast of 16.7koz. This was principally driven by processing higher grade material and the company is well positioned to meet, and with scope to exceed, guidance for the year of 78koz-81koz. Revenue for the Quarter was US$42.4m with gold sales of 22.7koz. This resulted in US$19m of FCF with net debt falling to US$30.6m at the period end. Negotiations around the elevation of the mezzanine debt to secured status remain ongoing. These are good results with the main upcoming catalysts being hitting guidance for 2023, finalising the mezzanine debt negotiations, and exploration results to extend the mine life at Runruno. We value MTL shares at GBp3.39/share (Prev 3.09/share).
Posted at 21/9/2023 07:00 by stockbuilder
Hello swanvesta

That’s not quite the whole story.

MTL Lux and RHL have been major shareholders for a long time. MTL lux is a holding company separate from MTL plc. Prior to the management changes of 2018/2019, they had both lent money to MTL alongside banks.

The 2020 share suspension resulted in the two major shareholders buying the debt from the banks, restructuring the other debts into a senior and mezzanine facility and agreeing more sustainable interest rates (originally 15% Senior/7% mezzanine). MTL has paid off the mezzanine component and the senior debt remains now at a reduced interest rate of 7%.

RHL have been dragging the process of formally converting the senior debt to 7% (as was originally agreed) following repayment of mezzanine, but as far as I know MTL has been paying 7% pending a formal agreement (which involves renotifying the debt to authorities). MTL is on course to repay its debts in full next year.

The situation is not new in the sense there has always been (apparent) tension between the two major shareholders. There is a relationship agreement ratified in 2021 which governs the relationship between MTL plc and the two major shareholders. The text is not public but MTL does specify that protects the board’s independence.

It would therefore be fairer to say that these are long standing issues. RHL is by no means new on the scene though.
Posted at 16/8/2023 18:35 by clivee1
Have increased my holdings in MTL.
Now have 11.215 million shares at average buying price of 1.64 pence since June 2022.
Now going to try and wait till January 2024 when the share price might be 5 pence.

VGL all LTHs
Posted at 20/3/2023 07:44 by aussiebeach
Gold shoots through $2000oz and MTL share price is around the same level as it was when gold was $15000z ?

So under radar, recent financial results have been excellent.
Posted at 05/3/2023 18:08 by goldenshread
In June 2021 the share price hit a intra-day 2.75p - the gold price was $1805oz - at the time net debt was $111m

By end Q1 2023 net debt should be down to circa $65m - the gold price being $1840oz, production is up also, the share price is 1.65p ?

This clearly demonstrates how undervalued MTL are, there has been no recognition of reduced debt and increased production since June 2021.

The share price should be circa 3p as opposed to 1.65p based on progress made to date.

The stock is very cheap.
Posted at 03/3/2023 07:58 by mininglamp
With gold on the up move again expect to see the MTL share price start to outperform ahead of the Q1 update which comes in early April.

I expect to see another very significant debt repayment, in the last quarter they paid back $14m alone.

The share price needs to revalue to 2.5p, a level that was reached last June, at that time the company had £110m in debt, assuming another large repayment in Q1 I expect this to be half of that number now.

5p a share by year end is a conservative target therefore, current m/cap is only a bizarre £35m
Posted at 09/2/2023 07:57 by mininglamp
This seems incorrectly priced by the market, here is a example.

Chaarat Gold (Armenia based) production 62k oz gold, AISC $1376oz, debt $51m, £75m m/cap

Metals Exploration production 73k oz gold, AISC $1250oz, debt $81m, £32m m/cap

So MTL is valued under half that of Chaarat, has higher production, has lower AISC, but higher debt - however the debt position at MTL is dropping significantly.

It strikes me that MTL share price should be closer to 3p on a like for like basis - valuing the company at £60m right now.

At current levels the price is a steal.
Metals Exploration share price data is direct from the London Stock Exchange

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