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
  +0.00p +0.00% 1.75p 0 05:30:38
Bid Price Offer Price High Price Low Price Open Price
1.50p 2.00p 1.75p 1.75p 1.75p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 34.72 -13.82 -0.65 36.2

Metals Exploration (MTL) Latest News

More Metals Exploration News
Metals Exploration Takeover Rumours

Metals Exploration (MTL) Share Charts

1 Year Metals Exploration Chart

1 Year Metals Exploration Chart

1 Month Metals Exploration Chart

1 Month Metals Exploration Chart

Intraday Metals Exploration Chart

Intraday Metals Exploration Chart

Metals Exploration (MTL) Discussions and Chat

Metals Exploration Forums and Chat

Date Time Title Posts
14/9/201814:42Metals Exploration - The Investors thread2,039
30/8/201818:08Metals Exploration - Turning the corner420
24/1/201420:34Metals Exploration - Positive Rewsuls 30 June 20052,077
21/10/200923:36Metals Explore - Information thread1
30/6/200521:08Metals Explore - Information thread167

Add a New Thread

Metals Exploration (MTL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-09-17 16:14:291.552,137,25233,127.41O
2018-09-17 16:07:311.7532,758573.27O
2018-09-17 15:06:321.75250,0004,375.00O
2018-09-17 14:17:501.751,000,00017,500.00O
2018-09-17 14:07:281.75685,00011,987.50O
View all Metals Exploration trades in real-time

Metals Exploration (MTL) Top Chat Posts

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 1.75p.
Metals Exploration has a 4 week average price of 1.50p and a 12 week average price of 1.50p.
The 1 year high share price is 4.25p while the 1 year low share price is currently 1.50p.
There are currently 2,071,334,586 shares in issue and the average daily traded volume is 1,089,269 shares. The market capitalisation of Metals Exploration is £36,248,355.26.
the_sage1: This company is in a FAR better place than it was last year when the share price was 4p. Hard to explain why the stock is trading at 2.75p therefore. They could produce 50k-60k oz of gold this year compared to 35k oz last year. The loan today offers headroom should it be required, the major shareholders remain supportive. It is only a matter of time before debt is restructured, when it happens the shares will significantly re-rate.
the_sage1: The biox unit was nearing full capacity before the power outages, no reason why it should not return quickly into full capacity when power was restored therefore. The market is sleeping this time of year but it seems MTL has finally turned the corner, get the debt re-financed and it's happy days. That news could come at any time. The share price is not reflecting the significant progress made this year.
sleveen: Oh look
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!"
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.
callmebwana: Wake up and smell the coffee chaps. Share price at 4.125P.Bid at 4P Watch this go up !
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...
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%.”
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.
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!
Metals Exploration share price data is direct from the London Stock Exchange
add chat code
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V: D:20180918 14:13:54