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| 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
|
|
|---|---|---|---|---|---|
| 0.15 | 2.88% | 5.35 | 2,311,069 | 08:18:03 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 5.20 | 5.50 | 5.35 | 5.20 | 5.20 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | USD 166.68M | USD 119.25M | USD 0.0654 | 0.82 | 94.8M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:22:10 | O | 18,281 | 5.47 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/12/2024 | 20:05 | ALNC |  UPDATE: Condor Gold notes Metals Exploration bid, says talks continue |
| 02/12/2024 | 11:44 | ALNC | UPDATE: Metals Exploration details GBP67.5 million bid for Condor Gold |
| 02/12/2024 | 11:19 | UK RNS | Metals Exploration PLC Further Statement re: Possible Offer for Condor |
| 02/12/2024 | 08:59 | ALNC | TOP NEWS: Condor Gold confirms bid approach from Metals Exploration |
| 02/12/2024 | 07:00 | UK RNS | Metals Exploration PLC Statement re: Possible Offer for Condor Gold plc |
| 25/11/2024 | 10:49 | ALNC | Metals Exploration expects to beat gold production and cost guidance |
| 25/11/2024 | 07:00 | UK RNS | Metals Exploration PLC Operational Update |
| 04/11/2024 | 16:16 | ALNC | DIRECTOR DEALINGS: Drachs ups stake in Metals Exploration as CFO sells |
| 01/11/2024 | 07:00 | UK RNS | Metals Exploration PLC Directorate Changes |
| 30/10/2024 | 14:12 | UK RNS | Metals Exploration PLC Director / PDMR Dealings |
Metals Exploration (MTL) Share Charts1 Year Metals Exploration Chart |
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1 Month Metals Exploration Chart |
Intraday Metals Exploration Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 03/12/2024 | 10:06 | Metals Exploration - The Investors thread | 5,121 |
| 08/2/2024 | 09:19 | Metals Exploration - Positive Rewsuls 30 June 2005 | 2,079 |
| 29/8/2023 | 22:23 | Metals Explore keep em peeled | 407 |
| 09/4/2020 | 10:02 | Metals Exploration Shareholder Action Group | 18 |
| 02/1/2019 | 00:11 | Metals Exploration - Turning the corner | 472 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:22:11 | 5.47 | 18,281 | 999.97 | O |
| 16:01:17 | 5.37 | 5,037 | 270.54 | O |
| 15:45:57 | 5.50 | 133,900 | 7,364.50 | O |
| 15:39:42 | 5.37 | 75,263 | 4,039.06 | O |
| 15:15:43 | 5.49 | 109,116 | 5,990.47 | O |
| Top Posts |
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Posted at 03/12/2024 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 5.20p.Metals Exploration currently has 1,823,153,066 shares in issue. The market capitalisation of Metals Exploration is £97,538,689. Metals Exploration has a price to earnings ratio (PE ratio) of 0.82. This morning MTL shares opened at 5.20p |
Posted at 02/12/2024 19:19 by ih_836195 Still keeping my 11,750,000 shares in METALS EXPLORATION bought at an average price of 1.67 pence from June 2022.Today`s very exciting comments and potential developments have probably introduced some brand new future investors to MTL. Clive STEWART LTH target sell price ~ 25 PENCE. |
Posted at 16/10/2024 10:12 by mattjos from share price Angel Morning View:Metals Exploration (MTL LN) 5.6p, Mkt Cap £96m – Record quarterly gold revenues and FCF • The Company reported 3Q24 production results posting record quarterly gold revenues and FCF. • Runruno production came in at 22.5koz at reported AISC of $1,129/oz (3Q23: 22.0koz at $1,055/oz). • 9M production totalled 65.1koz at $1,088/oz. • YTD AISC are trending below FY24 guidance for $1,175/oz. • The plant performed well treating 521kt at 1.51g/t and recovering 89% of gold (3Q23: 483kt at 1.60g/t and 89%). • Quarterly sales amounted to 21.9koz with realised prices of $2,396/z (3Q23: 22.0koz at $1,926/oz). • Quarterly revenues hit $53m with generated FCF of $28m (Q323: $42m and $19m). • The team is expecting to start exploration drilling at identified targets at the recently acquired YMC Group licenses in 4Q24 once government approvals are secured. • Through its pre-exploration surveys undertaken since taking ownership, the Company has already identified several additional drill targets from soil geochemistry and airborne geophysical data. • The Abra Project (97% economic interest) covers 16,200 hectares approximately 200km north of the Company's Runruno mine. • The Company held $10.9m in cash and no debt on the balance sheet as of 3Q24 end. • Closing cash balance accounts for $25.4m spent on buyback of RHL shares during the quarter. |
Posted at 23/9/2024 10:13 by mattjos From share price Angel Morning View:Metals Exploration (MTL LN) 5.5p, Mkt Cap £100m – Debt free status reached on robust production and higher gold prices in 1H24 • Revenue up at $91m (1H23: $90m) with lower gold sales (41.6koz v 46.2koz) compensated by higher realised gold prices ($2,190/oz v$1,939/oz). • AISC averaged $1,066/oz (1H23: $1,110/oz). • EBIT amounted to $12m (1H23: $31m) reflecting higher depreciation charge ($38m v $12m in 1H23) following an impairment reversal. • EBITDA came in at $47m (1H23: $43m). • PAT was $58m (1H23: $37m) including ~$50m in booked impairment reversals. • $50m impairment reversal together with $100m revaluation booked in FY23 has now fully eliminated the 2018 Runruno impairment. • Reversal was attributed to higher gold price assumptions and improved productivity at the Runruno mine. • Post tax CFO totalled $37m (1H23: $40m). • FCF generated was $33m (1H23: $35m) including $3.5m in capex (1H23: $5m). • The Company had £7m in cash and no bank debt having resolved all disputes repaying both the senior and mezzanine debt. • Post period the Company completed a £20m buyback covering entire shareholding of Runruno Holdings (394m shares at 5p) allowing to terminate a production fee agreement ($164/oz per oz gold produced over 204koz from May 2024). • First drilling campaign to get going at the newly acquired YMC Group properties in 4Q24. |
Posted at 12/9/2024 14:08 by goldmineralan I do not want this board to be "delightfully quiet"We have potentially the most exciting couple months ahead of us. We have managed to rid ourselves of the dreaded RHL who could dictate how the Company was run. Normally the interim accounts for the first six months are announced in the second half of September. Similarly the production figures for the 3rd quarter will be announced in the first half of October. All these figures will be very very interesting. But even more interesting hopefully Darren Bowden will up date us on 1) How MTL have managed to extend the life of Runruno Mine beyond 2026. It is due to exhaust the reserves of gold at Runruno in 2026. I think the main reason that the share price is so low is that pessimists believe there will be no income in the Company beyond 2026. 2) What is the progress on the Abra tenement, again pessimists believe there won't be any gold in this area. I believe positive information on these two fronts will double the share price up to 10p. I am an amateur on MTL, there are some far more knowledgeable experts than me I wanr these experts to share their thoughts rather than have "delightfully quiet board" |
Posted at 30/8/2024 11:47 by goldmineralan Last year the interim half tear figures were announced on the 27th Sept this year the 27th is on a Friday. So hopefully they will do the same this year.They should be interesting now the problem with RHL is out of the way. Hopefully we will have an update on the AGRA project and a revised estimate on the life left on Runruro. I am disappointed with the share price on MTL since the RHL problem was sorted out. But I think potential investors are looking at the worst scenario with just 2 years before the gold runs out on Runuro and no future prospects |
Posted at 24/6/2024 10:08 by gary hindsight Hi marmalade Based on below extract from rns they needed to apply for a further exemptions based on mtl going over 50%?MTL (Luxembourg) S.à r.l. ("MTL Lux") currently holds Ordinary Shares carrying 43.62% of the voting rights of the Company, and the Buy Back would result in MTL Lux's (and persons acting in concert with it) holding of Ordinary Shares carrying voting rights increasing from its current level to more than 50% of such voting rights. As a result, a waiver of the obligation on MTL Lux (or any person acting in concert with it) to make a mandatory offer under Rule 9 of the City Code that would otherwise arise following implementation of the Buy Back will be sought from the Takeover Panel, and shall be subject to the passing of a resolution by independent shareholders on a poll at a general meeting to be convened in due course (the "Rule 9 Waiver"). |
Posted at 29/5/2024 19:58 by gary hindsight hi 1sennPlease see below the statement from Darren with the year end results, I have copied and pasted all that was said about the loan etc. It explicitly mentions in paragraph RHL looking for 12% and 20% as penalty rates due to breaches of the loan agreement. PLEASE TELL ME WHAT FACTS I POSTED THAT ARE WRONG - other than a marginal error of holdings by few percentage that you claimed incorrectly was less than 50% Quote GROUP DEBT In October 2020 the Group completed a debt restructuring with Runruno Holdings Limited and D & A Holdings Limited (together the "RHL Group") and MTL (Luxembourg) S.à r.l. ("MTL Lux"). In the period to November 2022 the Group made regular monthly senior loan repayments such that, except for a nominal US$2,586, the senior debt was fully repaid. This nominal amount had been left unpaid to ensure various securities remained in place until the mezzanine loans were elevated to the status of secured borrowings (the "Elevation"). The Elevation process required completion of complex and multi-country documentation and the registration of new security arrangements in numerous jurisdictions. Although the necessary material documentation was agreed by all parties it has not been executed due to a dispute in relation to the applicable rate of interest applying to, and hence, the quantum of the remaining mezzanine debt. The October 2020 debt restructuring agreements envisaged the interest rate applicable to the mezzanine debt being reduced from 15% pa to 7% pa once the senior debt is repaid and the elevation of the mezzanine debt to "new" senior debt is complete. The Company's position was that the intent of the October 2020 debt restructure was that the interest rate applicable to the mezzanine debt should have reduced from 15% pa to 7% pa in November 2022. The Company's position was that the final payment due to the lenders under the Company's mezzanine debt facilities was made on 25 March 2024, on the basis of the lower interest rate of 7% (as opposed to 15%) applying from 3 November 2022, which the Company believed should apply under such facilities. The Company's minority 29.3% mezzanine debt lenders, the RHL Group, disputed that the interest rate applicable to their portion of the mezzanine debt reduced from 15% to 7% from 3 November 2022. Further, the RHL Group claimed that several events of default have occurred under the Group's senior and mezzanine facilities, such that the relevant default interest rate (being a total of 12% under the senior debt facility and 20% under the mezzanine debt facilities) should apply with effect from 5 October 2023. The Company disputed these allegations. In light of the RHL Group's position in respect of the application of 15% interest to its loans under the mezzanine facilities, MTL Lux. (holding 70.7% of the mezzanine debt), contrary to historical assurances otherwise, sought to receive this interest rate on its own loans to the Company. MTL Lux has formally recorded that it does not believe penalty interest should apply. After a detailed consideration of the Company's legal position in this matter, and associated issues such as the cost of an ongoing dispute with the Company's two largest shareholders, the Company has attempted to resolve this matter by making a payment, in May 2024, of approximately 50% of the total quantum currently under dispute. However, as this dispute has not been fully resolved, the Company has, at 31 December 2023, created a provision for possible increased interest of US$2.6 million, being the remaining difference between 15% per annum and 7% per annum on the mezzanine loans for the period 3 November 2022 to 31 December 2023. The Company continues to negotiate with MTL Lux and the RHL Group on this matter. |
Posted at 27/4/2024 09:48 by mattjos On the High Street in Hungerford, a historic market town about an hour west of Reading, is Nigel Montgomery’s stamp and coin shop. He has traded precious metals for about 50 years, but has never seen a gold rush like this: the price of a troy ounce, the unit used to weigh precious metals that dates to the Middle Ages, hit an all-time high this month, above $2,400. “We’ve never seen so much retail demand as we are seeing at the moment,” says the 67-year-old. “I’ve been through various gold and silver booms since the 1970s — we’re seeing a more sustained, stronger and genuine rally.” Investors have snapped up tax-free capital gains in gold sovereign and Britannia coins to hedge their portfolios against inflation and any escalation of conflict in the Middle East. So much so that Montgomery is continuously having to replenish his stock.But the origins of this gold rush are thousands of miles from Montgomery’s town — and far from the historic global trading centres of London, Zurich and New York — in Beijing and Shanghai. The People’s Bank of China led record gold purchases by central banks in 2022 and 2023, collectively buying above 1,000 tonnes each year, as emerging markets sought to diversify their reserve holdings away from the US dollar, which was weaponised by Washington in sanctions against Russia after its invasion of Ukraine. Chinese retail investors have amassed gold as other investments from property to local equities turn sour. Chinese hedge funds and other speculators have also piled in. “This rally has Chinese characteristics written all over it,” says John Reade, chief market strategist at the World Gold Council, an industry lobby group. “Everything leads back to different actors in China.” While punters in Hungerford and at Costco stores across the US go gaga for gold, the western investor has, by and large, sat on the sidelines of gold’s latest rally. Gold-backed exchange traded funds (ETFs) have continued to experience monthly outflows, while bar and coin demand has been abysmal in Germany, typically the world’s third-largest market. Andreas Habluetzel, chief executive of Degussa Goldhandel, Europe’s largest gold dealer, which owns London’s Sharps Pixley, says the cost of living crisis and stubborn inflation is driving customers to sell. “We all want to keep the same lifestyle: sending your kids to good schools and owning two cars. When we talk to the middle-income people they are liquidating as they need money,” he says. That creates a dilemma for the western armchair investor. Gold has rallied some $600 per troy ounce since conflict erupted between Israel and Hamas in October, yet the staggering rise is widely seen by analysts as disproportionate to the gold price’s usual drivers: real rates on US Treasuries, the dollar and ETF flows. “This is not the behaviour of gold. It’s more or less the behaviour of crypto,” says Habluetzel. When the asset is so volatile, should investors rely on it as a haven asset? And if the market’s centre of gravity is shifting to a set of investors in China with a fundamentally different set of concerns to your own, should you bank on backing bullion? From a tactical perspective, gold’s sharp rise could make it poised for a sharp correction, having already fallen about $50 this week, making it a dangerous entry point. But others argue gold has a cohort of buyers waiting in the wings for any dips to pile into gold — including western ETF investors that have not participated yet. Deutsche Bank analyst Michael Hsueh says that it is likely that “any profit-taking by early investors would be replaced by investment from those who have so far not participated in the move”. Looking further out, the question for investors is whether they believe the global monetary system is at the early innings of sweeping transformation. That might be a new era of persistent inflation that erodes the purchasing power of fiat currencies and great power competition that increases gold’s share of reserve assets at the US dollar’s expense. Max Belmont, portfolio manager of the Gold strategy at First Eagle Investments, an asset manager, says that gold is “sniffing out” mounting concerns over the sustainability of global debt levels. US debt increases by about $1tn every 100 days or so with interest rates at their current levels, while investors fear Europe could struggle to manage debt levels if Donald Trump enters the White House and pushes for Nato defence spending to rise. The IMF warned this month that the US, China, Italy and the UK “critically need to take policy action” on debt. Neither US presidential candidate shows much sign of wanting to rein in spending. Nicky Shiels, precious metals analyst at MKS Pamp, a Swiss refinery and trader, says surging gold prices anticipate a “big regime change the west is going through”, from erosion of US dollar purchasing power, higher-for-longer inflation and a multipolar world. When it comes to US debt, she says the market has grown increasingly convinced that the Fed may cut interest rates even if inflation roars higher in order to reduce the interest payments that the US government is servicing (the Fed is independent of the Treasury). “This is it: two decades of easing monetary policy coming to a head,” she says. On the other hand, emerging market central banks and sovereign wealth led by China, Russia and the Middle East are buying gold after the US sanctioned billions of dollars of Moscow’s reserves held in US bonds. “It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals. Gold has traditionally tracked real rates of US Treasuries but he adds that “the Fed’s policies may not matter anymore to gold prices” given the new club of buyer’s motivations. And Chinese investors are taking cues from their own central banks’ purchases. “An awful lot of private wealth is going to be running into gold as there’s nothing else to buy: property sucks, equities lose you money, cash in the bank is paying nothing and they can’t get the money offshore,” says Adrian Ash, director of research at BullionVault, an online gold marketplace. But others say geopolitical risks, the dollar’s demise and debt concerns are over-egged. “The world is not nearly as risky as [in] 1980,” says James Steel, chief precious metals analyst at HSBC, when gold hit its inflation-adjusted record high well above $3,000 per troy ounce. For retail investors concerned that they missed riding the wave of frothy gold prices, one option could be gold mining equities. Valuations of the world’s gold producers, led by Newmont and Barrick Gold, have rarely been as heavily discounted in the past 40 years versus the gold price as they are now, according to asset manager Schroders. That has made the gold mining sector’s collective valuation at roughly $300bn no bigger than Home Depot, the US DIY retailer. The theory is that lofty gold prices will feed through to higher margins when gold producers next report earnings, sending share prices shooting up. “It’s a different risk-reward. If gold prices double then you should get a bigger increase in your margin,” says Robert Crayfourd, who manages the Golden Prospect Precious Metals fund at CQS, an asset manager. Jim Luke, fund manager at Schroders, wrote in a recent note that “dismal western sentiment” on gold and poor operational delivery by the sector’s leading companies were behind the low valuations. “It is not hyperbole to say the sector could rally 50 per cent and still look inexpensive,” he says. Gold mining equities face structural challenges from their ESG credentials, as they play little role in the energy transition, rising political risk in cash-strapped developing nations from Mali to Mexico and declining reserves. More troubling, however, is that this gold rally has been driven by the Chinese central bank, retail investors, asset managers and funds for whom western gold mining equities hold little appeal. Investors have been deterred by the sector’s inability to tame cost inflation from vital inputs such as fuel, explosives and cyanide in the past couple of years and overspending during previous booms. Fund managers want to see proof that margins will march higher. “It has taken seven years to get a 100 per cent return on gold when you can do that in bitcoin in a year Jason Todt John McCluskey, chief executive of Alamos Gold, a mid-sized Canadian gold producer, says that the tech-led run for equity markets, with the Dow Jones breaking above 38,000, makes it hard to call when gold producers will get a look in. “‘The party is going full tilt. I think I’ll go home to check the gas is on’ — you’re not going to do that now. ‘I’ll stick it out and put it in these gold funds that haven’t performed well for 10 years’ — you don’t do that,” he says. But, he adds: “When they see the margins then they will buy those equities.” Jason Todt calls himself one of the new breed of “retired gold bugs” who are partying hard. After the global financial crisis, the manager of a car dealership in Missouri spent $100,000 from a property sale on gold. Had the 47-year-old held on to all of his bullion until now, it would be worth $120,000. Instead, Todt earned $1.5mn by selling $65,000 of his gold hoard in 2017 to buy bitcoin and other assets, enabling him to retire early in 2020, meet his Ukrainian wife and travel the world in a sailboat. “It has taken seven years to get a 100 per cent return on gold when you can do that in bitcoin in a year,” he says. Todt’s situation highlights the pull for many investors of potential mega-returns through cryptocurrencies, AI and tech stocks over the pursuit of wealth preservation. Laith Khalaf, head of investment analysis at AJ Bell, warns that even for those trying to cling on to their wealth, gold often fails to fulfil its “safe haven” reputation because it is volatile and trades sideways or downwards for long periods of time. “It shouldn’t be a big part of your portfolio,” he says. “No more than 5 per cent.” But the wealthy of the world appear to disagree. US funds, family offices and asset managers are increasing gold’s allocation within their portfolios to 10-15 per cent, up from 5-7 per cent, says Habluetzel of Degussa. That is underpinned by gold’s long-run ability to preserve wealth — if bought at the right time. Since 1970, when US President Richard Nixon untethered the dollar from gold, bullion has produced an average return of just below 8 per cent a year, says Peter Clark, a retired fund manager. For Montgomery in Hungerford, gold is a must-have insurance policy for investors to protect themselves against an end to the equity and crypto mania. “If we had world peace and a more stable economy, gold would be steady or go down,” he says. “But the world isn’t a stable place. People have had a really good run on the stock markets and property prices have kept going up. W |
Posted at 06/4/2024 08:22 by urchin1 Any guesstimates on where MTL share price may be in a few months ?THX in anticipation of a reply. |
Posted at 04/1/2024 09:15 by johnybigarms It’s the dividend statement that sent AAZ flying, once you have an income for holding MTL the price rises on that basis, AAZ rocketed and the dividend ended at around 5%If MTL can make $80 million clear per annum then at least $20 million would be paid in the form of 0.8p a share, that’s 30% of todays price, so the you can expect to 3 fold the current share price (9p) and it would return a 10% dividend to us loyal shareholders in the short term, long term will require the cash rich company to both expand current land banks or acquire new gold rich land banks, either way MTL will have both the skill and cash to run for decades, MTL being the darlings of the Philippine government with multiple mining awards, licences will be a breeze, where would that take MTLs shareprice? Huge long term upside. |
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