We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| 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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.25 | 4.63% | 5.65 | 5.50 | 5.80 | 5.70 | 5.40 | 5.40 | 1,529,994 | 09:00:55 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 166.68M | 119.25M | 0.0654 | 0.83 | 98.45M |
From Mar 2020 to Mar 2025
Russian coal and steel group OAO Mechel (MTL) Wednesday said it won't be able to survive as a going concern unless its creditors agree to restructure their loans.
"There is substantial doubt about our ability to continue as a going concern," Mechel said in its 20-F filing to the Securities and Exchange Commission for 2008.
Mechel was left with $5.16 billion in short-term debt at the end of 2008, after the company breached the covenants on $4.23 billion of longer-term loans and was forced to acknowledge that it may have to repay these debts prematurely.
"We don't have the ability to repay without refinancing or restructuring, and our ability to do so is dependent upon continued negotiation with our banks," Mechel said in its filing.
If it fails to reach an agreement with the banks, then Mechel said that it "could potentially be forced to seek relief under applicable bankruptcy or insolvency procedures."
Demand for coal and steel collapsed in the last three months of the year, and the company made a loss before depreciation, interest, taxes and amortization of $817.3 million for that period.
Company Web site: www.mechel.com
-By Will Bland, Dow Jones Newswires; +7 495 937 8445; william.bland@dowjones.com
1 Year Metals Exploration Chart |
1 Month Metals Exploration Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
