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
  0.075 8.57% 0.95 1,810,865 13:43:24
Bid Price Offer Price High Price Low Price Open Price
0.90 1.00 0.95 0.875 0.875
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 61.41 -177.91 -8.51 20
Last Trade Time Trade Type Trade Size Trade Price Currency
14:12:52 O 1,058 0.95 GBX

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Date Time Title Posts
21/10/201910:28Metals Exploration - The Investors thread2,989
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 Plc is listed in the Mining sector of the London Stock Exchange with ticker MTL. The last closing price for Metals Exploration was 0.88p.
Metals Exploration Plc has a 4 week average price of 0.80p and a 12 week average price of 0.58p.
The 1 year high share price is 1.88p while the 1 year low share price is currently 0.30p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 910,998 shares. The market capitalisation of Metals Exploration Plc is £19,677,678.57.
johnybigarms: Q8 your points are perfectly rational, I agree with them, a rights issue? they haven’t gone that route before when the share price was multiples of our current bargain, I just don’t think it’s worth doing at the current share price, but as you say, as long as you keep the same share of the pie, I would take part.
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...
johnybigarms: I understand that footloose, but you can see the payments total up to $63 million dollars over the period from 31st March 3019 to Dec 31st 2020, that’s the total they owe the banks, so they expect to reduce the total amount by $15.5 million on the 31st March leaving a smaller $47.5 million to pay off, the $20 million they want to see in the MTL offshore bank by the $31st March 2019 is to pay that 1st $15.5 million and leave cash to operate the mine over the next quarter. I’m saying with current gold production over the 3 months previous to that date should put a vast amount of that $20 million in the bank, when you add it to the unsold gold $4 million and the cash they already had $1.7 million, if say they generate $10 miilion from gold sales this quarter after operational costs, then they have the $15.5 million payment in the bank, and would only need a $5 million loan from the major share holders, which they would pay back in the next quarter as the following payment to the bank is very small, $2.5 million at the end of June, I’m sure the major shareholders would lend MTL the short fall, as they have many times before, as Share Prophets said he can’t see a rights issue as our share price is too low and time is too short. I’m confident we are producing decent ammounts oh gold already, we should make $15 million profit from every quarter at full design speed, so as we were running at 64% of that at the end of December 2018, we only have to be running at 66% to make $10 million this quarter. I’m confident we are not going to release more shares, just isn’t in the major shareholder interest:
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: 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: 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: 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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