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
  -0.02 -0.94% 2.10 3,645,949 14:00:29
Bid Price Offer Price High Price Low Price Open Price
2.00 2.20 2.10 2.05 2.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 122.10 9.77 0.47 4.5 43
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:40 O 200,000 2.06 GBX

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Date Time Title Posts
12/6/202119:23Metals Exploration - The Investors thread3,783
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 2.12p.
Metals Exploration Plc has a 4 week average price of 1.55p and a 12 week average price of 1.33p.
The 1 year high share price is 3.33p while the 1 year low share price is currently 0.63p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 3,528,786 shares. The market capitalisation of Metals Exploration Plc is £43,498,026.31.
linz22: It's about the gold price taking off, probably from some time this year, towards levels way north of $2,000, which, even for MTL and its relatively high AISC, plus the debt, will be like hitting the jackpot. And, Cyber, despite your genuine concerns, there's minimal to zero risk of the gold price somehow, and inexplicably, just falling or 'crashing' for no discernable reason. Those days are history... But, you're in AAU aren't you? That company's got no debt, healthy production, including a huge Ag fraction, and miniscule AISC. Plus, its enticing future prospects in Cyprus. And, it's on the cusp of paying out a very generous 'special dividend' of up to 20% on current share price What's wrong with just increasing one's holding there, if not convinced about MTL? Perhaps AAU is best placed of all, then, to be "the next AAZ", but in a rapidly rising gold market, MTL won't be that far behind... Edit: shares in issue still 2.07 billion.
tivoliworldgaming: Cyberbub, I only remembered the share options RNS that came under the new appointments. I just thought if you can not find the number of shares in issue then it must be hard to find. Therefore I did not bother to look. I been in MTL for 2 months. MTL is hugely successful owing to the 160 point increase since I been holding. As I am a bull on gold. I can see much further upside. If you are short on gold you simply do not buy MTL. The news coming from MTL lately seems to me of a company that has a lot of potential. I also like to add that I am in many different shares, and I do not ramp them ones. As I only like to promote the one that is going to do the best.
jwilkes1: Yeah, no quotes to buy but it'll probably motor tomorrow because of this. Interesting point from Hannams'note. They think MTL will accumulate $200M+ net cash once debt is cleared in 2023. Now that excludes any potential life of mine increase so that figure could become a lot more if that happens or gold breaks all time highs. Essentially they've said MTL will either re-invest or return all the cash to shareholders. So if i buy 1% of the company for £450k, I could be looking at a £2m payout. That's what is at stake here. Wish i had 1% :) That's why this is so much more than share price moves in the short to medium term... !
baddeal: Ok so I'm trying to helpOptions granted 22 April. 1/3 vest on issue, 1/3 on April 22 2022 etcOption price is nil30 day vwma at issue is calculated from match 23-april22nd say 1.6p - I haven't done the calc so don't know if this is the right priceWhen a Ned chooses to exercise they can exercise any vested shares provided the current share price is min 143% of the price when issued - in my example share price must be above 143% x 1.6p ie greater than 2.3 p.They then make a gain equal to disposal price less 0 as options are nil cost.
linz22: Yes, as a future income investment. In fact, the one-off 'special dividend' has already been clarified, following the sale to the joint venture that you referenced, indicated to be at around 0.7p/share, which is huge at recent sub 5p share price. I remember the period to which you refer. That was when I was trying to increase my own AAU holding, but the price kept going up! Nevertheless, the share price has been becalmed, somewhat, at around or below the 5p level for the past few months, pretty much since the JV agreement, so is due a re-rate, then..? But as I said, I see AAU as a future div-paying stock to get into one's ISA. The next AAZ, if you will. And my other suggestion, the Aussie explorer ECR, as the next EUA..?
jedi k: -- The options are exercisable after vesting provided the 30 day volume weighted average price (VWAP) of the Company's quoted shares exceed 143% of the 30 day VWAP price on the date of their appointment; andThe Company is in the process of developing an incentive plan to make appropriate awards to executive management which may be under the same option scheme or under a separate management incentive scheme. Further details will be provided to shareholders for approval once the details are finalised.So now all Directors and senior management will be focused on improving the share price. They could all benefit from a 10 bagger from today's share price.
flughafen17: So interest bearing loans went from $129.3m end December to $120.5m end March, a drop of $8.8m But MTL paid $12.3m so a staggering $3.5m interest in 3 months. The reason why the share price is glued to current levels is just that, the company is hamstrung by the greed of the major shareholders who loaned the money. With current production and gold prices most other companies would re-finance the debt via a bank or gold loan (or both) but the major shareholders who own the debt would block that. It was suggested the Mezzanine part of the loan (now over $60m) was built up to such a level by penalties and hideous interest rates (north of 20% pa) Some believe the major shareholders only put in circa $10m but are now 'owed' $60m+ It is clear MTL is a cash printing press for Candy and Edwards (major shareholders), any problems or issues with production or a material drop in the gold price would leave the company in a right mess. Some are comparing MTL to AAZ who were also heavily indebted, the difference being AAZ were able to refinance their debt securing lower interest payments on several occasions. Not possible at MTL.
marmalade44: Flughafen17, back in December 2018 when the share price was 0.45p, the remaining 708m shares were therefore valued at £3.2m. So the major shareholders paid, for arguments sake, £40m for the bank debt to refinance the company and drive the share price up so that they can later make a bid when the remaining 708m shares are valued at £10.6m. Brilliant work. JK, the major shareholders are not concerned about the share price as they are not going to be selling their cash cow. $134m in debt repayments and $23m in interest payments if MTL can make $15m in debt repayments each quarter. Then £10m - £20m per year in dividend payments for the next 36 years (11 years of FTAA after debt repaymnet + 25 year extension) if there is more gold discovered in the remaining 85% of the unexplored land bank in one of the top five mineral-rich countries of the world.
space_dust: cyberbub The historic AISC will drop significantly from herein, it has been high due to a number of factors that have, in the main, been addressed by the new management. There will be a trading update shortly, Q4 period should deliver high revenues as the gold price was very strong. A few MTL 'experts' who have been following affairs believe the share price to be undervalued, 3p seems to be a pretty good near term target. Most of the shares are tightly held which means the share price moves quickly on small volume. I have bought in and feel it is a good entry price, the shares hit 3.5p on re-listing BTW.
johnybigarms: Ezemunny, the ramping you mention came from new money jumping onboard the rising shareprice, when their day trading was done, the share price retreats, but 2p will become the new base level as we have gotten back to solid investors holding and adding to their already large positions, those who know the progress here are extremely happy, the LOM is already twice the time required to clear the debts, but the LOM is based on a just 15% usage of the land bank owned and available, of which MTL will prove up parts of the other 85% as and when it’s required, but for now, we will use all profits (minus a $5 million float) to pay back the loans as quick as possible, the benefit being reduced interest with every quarter. The AISIC is reducing now that we have caught up with the recent plant refurb, done over the last year or so at huge expense, our fresh dump trucks will increase throughput and save on lease costs we relied on before their purchase. Gold prices are more than high enough at nearly $1900 an ounce, we don’t need it any higher, although its more likely to go higher as the world has gone crazy printing cash to keep afloat with the COVID situation, that damage to cash value is done, and interest rates have to stay low to facilitate the huge debts, all good for Gold long term. The COVID situation that has hampered the last 6 months production, is looking likely to come to an end in the next 6 months as we have a vaccine in the pipeline, and 19k ounce quarters achieved before the pandemic will return, and increase towards the 25k ounce design, MTL management have worked out the kinks, they know what’s required and we have the free cash to implement what’s required. Is the £35 million market cap cheap? Absolutely, and patience will pay off for all those who have it, AAZ were in financial difficulties, they got those difficulties financed and the gains from the low 4p to the high 170p happened in a just a few years, fact, they have a smaller mine, a shorter LOM, and they exist in a war zone, risky, MTL sit in the peaceful Philippines, with a low cost local workforce, class leading environmental practices, schools, healthcare and a clean health and safety record. I’m invested and will stay that way, shares that rise in value don’t do that in a straight line, just look at AAZs share price chart, it zig zags, with 50% pullbacks from time to time, but over the years it’s risen up to 4000% from its financial lows, and still sits over 3000% up today, take a look, you may see a remarkable similarity to MTL.
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