Metals Exploration Share Chat (MTL)

If anyone has sold stock higher up now is the time to get back in IMO - I think we will shortly be heading towards 1.5p+

Market experience suggests that sellers come in after the news and take profit, you then get a consolidation phase of a few days and then buyers return - buyers have returned today.

With major mews ahead on the re-financing and operations improving it can only be a matter of time before we see the re-rate continuing.

I took another 250k this morning BTW, there was no stock after that, it then moved higher - small free float is key !

Shocked these can still be bought close to 1p after recent quarterly report. Cant imagine theres that much volume available down here

Buys 8 to 1 sells, 0.99p won’t be here long, had a few more today, all good

Those 99's !

Your quite right, but each time it ratchets a little higher

I have noticed that every quarterly news release from MTL has been met with selling and a subsequent drop in the share price - it was possible to sell at 1.25p prior to the results, the bid is now .90p.

Have also noticed that once the initial selling is over the share price quickly recovers to reflect the improving operational and fiscal performance.

In my view the share price will now start to recover, cannot see it dropping more, re-financing news my be in the headlights.

Time to add IMO.

I saw those £10k sells, figured one was a buy and that they were yours, well done, tax free, I think the dust has settled again, steady away until the refinance news, I will be buying more before then, 5 million target

Ok guys & gals,

The transfer was completed this morning, You can see the related cost of spread in the sales/buys - but both came in as sells.

I am currently sitting on a loss of £31.......

I don't think I will lose any sleep over it and it seems market-wise I could not have done it at a better time, time will tell - hope for general steady improvement in the coming weeks.

Quiet board but not to worry, gives us breathing space for thinking :-)

Hear from you all soon enough- as and when we have something worth reporting and mulling over.

Roy

Thanks

Normally takes a couple of days to go through, always has done for me not sure why though.

Hello all,

Bearing in mind Mrl waiting for 0.8 I decided to see what the charts fortold -

Arroon - 2 weeks to 1 month to recovery
Macd - 3 weeks to recovery
Bollinger - minimum 0.9p

Just my bit of fun but I do not think LOL will get his 0.8

Roy

OK - Just realised that they said the trade had to be done 'AT MARKET' so I am assuming that the market had to be open to do the trade - silly me........./;-)

Roy

Lee,
I put the request in Friday, All seemed ok but no transfer today - they were down for the w/e on mtce so it might have got lost , will phone them. But.... the sp has gone down lower so better chance of quick recovery for the isa.

Good luck all

Roy

Roy, did you get to do the ISA conversion today? Mrlol, I think you will be in a huge queue if we see 0.8p again, it would require heavy selling, of which I can’t see a reason for, we have had a buyer taking up a steady but large holding, I wonder if he will continue now we know just how rapidly this recovery is taking shape, news on the refinance will pop out unexpectedly, don’t leave your top up too late boys and girls.

If this somehow manages to drift back down I’ll no doubt be topping up, crazy to think the progress that’s been made and would’ve been better had a generator not failed.

Expectation that negotiations will conclude this quarter now means im committed to this. Anything sub 0.8 n il add

My II is ii - I was using caps - thanks for the info, I always trusted them.

Roy

Hi Roy
Talk to ii, they will do you a bed and isa transfer, with a tiny spread.

Hi Lee,

And thank you for your Heartwarming response, on the 10% spread, the stock is currently down 14.29% in one day. hoping for a recovery if I sell and buy at market 10% loss - BUT

If it recovers to it's original Friday Morning price I gain 4.29% in one day!!!!!

II have always been good with their trades for me and I hope for a good deal, will keep you posted.

Not long now, Fireworks is over BUT it will soon be Christmas!!!!!!!

Roy

Hi Roy, I imagine the late trade was a BUY order placed at 1.2p earlier in the day, I imagine we will open up at 1p sell and 1.1p buy.
I have no experience of transferring shares to an ISA, what’s involved? Do you have to sell £10k worth and Buy them back for the ISA? if so with the 10% spread are you out of pocket? definitely signing out now.

I had a chance to look at the numbers a little closer today, Net income for Q3 (gold sales minus production costs) was nearly $6.9 million, up from $2.9 million achieved for both Q1 and Q2, that’s mighty impressive for just 3 months worth of improvements, and it gave them an extra $4 million to carry out ongoing improvements whilst having this Loan Payment free period, I wouldn’t be surprised we hit 20k ounces this quarter (Q4) which DB predicted earlier in the year, I have to say, DB has turned this company around, from losing around $7 million a quarter without any capital spending or repaying loans, to making a few million whilst rebuilding the infrastructure, all in 9 months, It’s no secret I have had faith here in the past, and at times it looked bleak, but the light is certainly shining for all to see, at this rate of improvement, the banks will be extremely confident in supporting us for the next few years, and DB has actually stated he expects a resolution this quarter, and I believe that’s 99% a certain now that we are generating profits, not peanuts, but serious profits, I’m the happiest this weekend I have been in 3 years, and the share price is worth 20% of my initial purchase, not for long though, I can see 5p in 2 years, and that’s not bull****, that’s just economics, if Gold hits new highs as predicted by many, 1 year, signing off. GLA

Yes - ME again,

This time has anyone got a good reason why the 5k share buy went through at 4.42 @ 1.2 when the buy spread had it a lot lower - is this what it will open at tomorrow morning?

Waiting in stark anticipation,

Roy

Hello all,

Yes,we seem to be back in the D&S scenario.

So - What to do?

I am transferring £10k to a Share ISA with II, All my trading has been done through II, I have used them all the time and found them reliable.

So Monday you may notice my transfer coming through and will be able to see the related costs incurred. I am not hoping for miracles but on the dip seemed a right choice and hope for the days gain to cover these.

On a separate note I have also invested in INSP for many years and had almost given up, but, look at them now - top of leaderboard 2 days running !!!!!!!!!

Roll on Monday !!!! and Further news eventually.

Here's hoping.

Roy

I was shocked too, it’s a fantastic improvement, and the gold price average was fantastic too, clever selling by the MTL management, costs per ounce looked high, but that cost is hugely inflated by the infrastructure improvements, you have to crack eggs to make an omelette, so I didn’t see any negative in that, they will drop drastically in 2020 when the improvements are finished, 2020 will be transformational, make no mistake, 1p shares are silly cheap, but I suppose it takes those who paid 5p, 10p, 20p, 30p plus for those same shares to see it, those who paid 0.5p don’t have the same values, I think next week will be much better than today as people digest the facts, and see the value.

I think you’re right mrlol, people wanting to make a quick buck have jumped out on news. This is still massively under the radar for private investors. Well played Lee, I’m glad I’m not the only one that believes this is an absolute no brainier at this price and given the progress made since Jan. Today demonstrated HUGE improvements that have been made by the managment team. I was shocked to see almost 19k ounces of gold sold and was expecting (and would have been happy with) 16.5k...

That’s 3.7 million, I can’t believe it dropped so low, just had to find some change down the back of the settee, and banged that BUY button