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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
  -0.10p -6.45% 1.45p 13,240,927 14:32:45
Bid Price Offer Price High Price Low Price Open Price
1.40p 1.50p 1.65p 1.45p 1.55p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 34.72 -13.82 -0.65 30.0

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Metals Exploration (MTL) Discussions and Chat

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Date Time Title Posts
23/1/201918:54Metals Exploration - The Investors thread2,551
02/1/201900:11Metals Exploration - Turning the corner472
31/12/201812:57BLIND RISK22
31/12/201812:57Just note these RNS's20
24/1/201420:34Metals Exploration - Positive Rewsuls 30 June 20052,077

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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 1.55p.
Metals Exploration has a 4 week average price of 0.35p and a 12 week average price of 0.35p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 0.35p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 15,860,175 shares. The market capitalisation of Metals Exploration is £30,034,351.50.
johnybigarms: $1285 an ounce for the shiny stuff at the moment, predictions are $1800 in the next decade, where would the share price be when we’re making over $1000 dollars for every ounce, and no debts, digging our surrounding phases and extending our mine life, the mind can’t comprehend the value then. Patience is key here, hold tight to your shares
johnybigarms: Paying 0.9p is a pittance, this is the start line, the sub penny share price is rediculouse to any one who knows this companies history, it’s a shame for those who were scared out by trolls like the “Kingpin”; (bet you he’s still quietly watching) treating a respectable business with total distain, hold tight to your shares, don’t be giving them cheaply to make a few quid now, this is a classic come back storey, 5p in 2 years, 10p in 3 years when debts are cleared and paying a dividend, 15p when they Jorc the adjacent mineralisation to extend the mine life another decade, 20p if gold ever hits $1800 dollars an ounce as experts predict in the next 10 years There are investors here who paid £100k for a million shares just a few years ago, and there will be many who paid a lot more, this is before the mine had made a single ounce of gold, next week we will have confirmation that the mine has produced around 50000 ounces or more last year and the share price is under a penny, even with today’s rise you can pay just £10k for a million shares, I can’t stress how cheap we still are, those who are waiting to have everything spelt out will pay 3 x times today’s price, and I understand that’s how some play, nothing wrong if you prefer a lower risk investment strategy, even at 3p they will have made a smart investment. Exciting times ahead, enjoy your weekend
johnybigarms: I took another 250k last minute, I have never seen any share go up in a straight line, but those selling now help consolidate the share price, will take one more 250k if the right price pops up before they release the news, it’s perfectly normal for a little retrace, but trying to catch the falls by selling and buying back when there is news expected is really dangerous, you can get left behind if good news drops and your out, so at these silly prices it’s the only option to hold tight and add from the dips
johnybigarms: You really couldn’t offload big chunks of shares at that point because small amounts sold moved the price down so much, we went down from 3p to a 1.5p on thin air, tiny volumes, long term holders just held tight, and new blood was wary, it’s been great for MTL exposure being slashed to 0.5p because people take a look under the bonnet of a failing share, to see if there’s any value, and there’s no doubt about value at these prices, I’m so pleased they sold in one go as it gave me the opportunity to fill my boots, you may be right about a wider plan to crash the share price, or it may be a share fund just changing tack, I mean even Lloyd’s shares have been dumped by some very popular funds, the darling of the stock market, are they right longer term, I doubt it, but they just decide on another strategy, patience with MTL may just have run thin, it’s a mystery at the moment
johnybigarms: If the Candy Brothers hold nearly half the shares in existence, then what price would they let go of the asset, at 10p a share they would receive about $120m dollars, is that enough? I mean they must have that much in it, so 15p would be a serious offer, the banks and other large investors would take that offer I’m sure, as for private investors like ourselves, some may be still out of pocket at 15p, early investors were paying 40p plus, I’m sure most would be very happy, I know it sounds crazy when the share price is under a penny, but the NAV is over 5p, and that’s just value of the assets per share, not the value of future earnings from a mine with 1.4 billion ounces of gold, not including expansion to neighbouring fields, food for thought
johnybigarms: Kingpin, I have bought all my recent shares at under 0.5p, and ask price is that today, no ones bailing out because they see value, it’s easy to sit on the side and spout your predictions, but since you have the share price has gone up to 0.7p where you were quiet, and today it sits at 0.5p to buy, so as you know nothing about this company, just stop embarrassing yourself
johnybigarms: Just to give perspective on this business I will break down the huge numbers into little numbers, the ratios remain the same, but the numbers are easier to see: So the Gold mine cost $20 and 12 years to develop. They have debts of $10 to the finance men. They will produce $60 profit from 10 year mining at the current gold price. You can buy every share in the company for a total of $1 at the current share price. If I said do you want to own 100% of a working Gold mining business that will produce $50 profit for your $1 investment over 10 years after paying back all debts? Would you? Well that’s MTL at the moment, that’s also why they main share holders will see this through, and not break it up as it’s about to get going, I’m here for the ride, are you?
johnybigarms: So that email should clarify there is no price sensitive secrets that spooked a big share holder to sell, so when we get a new CEO it’s business as usual and the current drop in share price has been a buying opportunity, the reasons for a big investor selling is still not known but they don’t have insider information as there isn’t any, my holding are now bigger than I ever thought possible, I feel I’m going to do very well from MTL in the short to medium timescale. BUY
johnybigarms: Complete rubbish being spouted here, this company is producing Gold, it’s mainly owned by 2 banks who are working out new payment plans, its CEO was the main problem, he had no shares and was useless, stepping down is what I hoped for, MTL needs a change at the top and we are getting one, that’s great news, this is not going bust, it’s been in worse Financial Times than this and the Share price was 10 fold it is now, it’s a screaming BUY, but all your seeing today is 1 day wonders buying and selling, good riddens to those who sell, I’m have increased my long term holding by 3 fold, and will see this to fruition, this is the opportunity of this shares existence, watch this space, 1 month from now you will get the picture, BUY and hold
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.
Metals Exploration share price data is direct from the London Stock Exchange
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