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Pin to quick picksMetals Exploration Share News (MTL)

Share Price Information for Metals Exploration (MTL)

London Stock Exchange
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Share Price: 3.75
Bid: 3.60
Ask: 3.90
Change: -0.10 (-2.60%)
Spread: 0.30 (8.333%)
Open: 3.85
High: 3.85
Low: 3.75
Prev. Close: 3.85
MTL Live PriceLast checked at -

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AIM WINNERS & LOSERS: Administration "ever more likely" for Amte Power

Thu, 20th Jul 2023 10:38

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Metals Exploration PLC, up 17% at 2.28 pence, 12-month range 0.8p-2.43p. The Philippines-focused gold producer reports record half-year and quarterly gold sales. In the first half, sells 46,186 ounces at an average price of USD1,939 per ounce, from 30,676 ounces at an average of USD1,878 a year before. Consequently, first-half revenue rises year-on-year to USD89.6 million from USD57.6 million. Says operations have exceeded expectations, and raises full year guidance to 78,000 to 81,000 ounces of gold, compared to the previous guidance range of 68,000 to 72,000. Also trims all-in sustaining cost guidance slightly.

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AIM - LOSERS

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Amte Power PLC, down 49% at 4.23p, 12-month range 3.8p-102p. The battery cell maker warns that being put into administration is "ever more likely", as its financial situation is becoming "ever more critical". Needs a solution implemented in the next few business days, but says there is no certainty of the outcome of its discussions with existing and potential investors. Says its shares on AIM would be suspended with immediate effect if it is put into administration. "Accordingly, should the company be unable to secure additional funding, the prospects for recovery of value, if any, by shareholders would be remote," it warns.

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Portmeirion Group PLC, down 28% at 284p, 12-month range 260p-522.65p. The homewares products maker warns that annual profit are likely to be "significantly" below market consensus. Says it expects sales in the first half to be down 3% year-on-year to GBP44 million. Says caution from US customers has continued since its May update, but it expects restocking to pick up, given resilient underlying end-consumer demand. Chief Executive Mike Raybould says the firm remains confident it is holding onto recent market share gains, and is "pleased" with recent product launches.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
23 Jul 2010 07:00

Solomon Capital Ltd Offer For Metals Exploration -6-

formal documentation in relation to the Offer once it has been despatched. APPENDIX I Condition and certain terms of the Offer The Offer, which will be made by Strand Hanson on behalf of Solomon, will be subject to the terms and condition to b

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23 Jul 2010 07:00

Solomon Capital Ltd Offer For Metals Exploration Plc

TIDMMTL RNS Number : 8029P Solomon Capital Limited 23 July 2010 ? For immediate release Not for release, publication or distribution, in whole or in part, DIRECTLY OR INDIRECTLY in, into or from any jurisdiction where TO DO so would constitute a violation of the relevan

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23 Jul 2010 07:00

Solomon Capital Ltd Offer For Metals Exploration -2-

Under Rule 8.3(a) of the Code, any person who is interested in one per cent. or more of any class of relevant securities of Metals Exploration or of any paper offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in c

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23 Jul 2010 07:00

Solomon Capital Ltd Offer For Metals Exploration -3-

funds in the near term, if it has a controlling majority ownership stake in Metals Exploration commensurate with the risks involved and its required long term investment returns. Furthermore, the Solomon Board believes that Metals Exploration would be better suited to a private company environment,

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17 May 2010 11:58

Small caps round-up: China Food, China Wonder

Investors were keen to tuck into shares in China Food after the maker of cooking and dipping sauces said its new soy sauce factory in Shou Guang City is open. The new factory will increase the company's condiments production by 50% of capacity, it says. Another China-focused country, China Wonder,

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26 Jan 2010 08:08

Small caps round-up: Real Good Food, Griffin Mining, Probability...

Orders from big name customers such as Marks and Spencer's and Costa Coffee has been keeping ingredients and bakery products supplier The Real Good Food Company busy. The firm has reduced bank borrowings from £29.1m to £21.3m and improved its sales performance. Strong sales have also been aided by

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17 Nov 2009 16:11

Metals Exploration shares suspended

Shares in Metals Exploration have been temporarily suspended at the company's request pending an announcement on a resource estimate for its Runruno project. The Philippines focused miner had watched its value fall nearly 14% before trading was stopped at 4pm. "The company will be making an announ

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