Member Info for volmer

A brief comment on the resource statement.

It is standard industry practice to use the marginal cost of production, e.g. $1200 oz as a proxy for long term commodity prices for resource statements.

This is different from any valuation work where the main life of the mine should be based on expected mineral reserves. These are likely to be different from the just published resource statement.

Good progress is being made here and I do hope all backgound readers of this discussion board make contact and join us. Just email to mtlsag25.com with your shareholding
name
name of stockbroker
email address
name here on LSE

Remember no shareholding is too small to join our Group.

Also, I am very keen to hear from the following, please make contact.
jgallagh
Helu0104
Cuckoldking
Doberman
davidsmith49a
Gaddes
Differentlevel
traderace
Rakes

Les
mtlsag25@gmail.com

Brilliant! Thank you Oilplayer2009

To locate other shareholders, there might be investor newsletters that have recommended Metals Expl. If anyone knows of such a newsletter can you send me the name of the editor, telephone number and email address.

Also, if there are any other discussion boards/forums that cover Metals Expl, we need to find them and put out the message. If anyone knows of any or has time to find them, we will all be very grateful for the help.
Les

Stockbrokers

A next step is to contact stockbrokers who have provided information or advice on MTL so that I can seek their support in getting other investors to join our group.

If anyone has a personal contact with their stockbroker who has provided information or advice on Metals Exploration, could you please send their name and telephone number to mtlsag25@gmail.com.

Les

Thanks Shinfalls.

Based on Roy's info, we need to contact the following board members:
adamk87
Pharmajon
Helu0104
Cuckoldking
Doberman
davidsmith49a
Gaddes
Differentlevel
ALiarAtTheTop
Grocer1
traderace
Rakes

It may be that some have sold. I may have others on my list without the username. If your name is on the list above please contact me at mtlsag25@gmail.com. If you are still a shareholder please provide your shareholding, name of stockbroker and email address please.

Les

CV7Blue, all updated thank you.
Les

goshawk250,
I don't seem to have your details on my list or do I have them under a different name?

Les

CV7Blue, I don't seem to have your details on my list or do I have them under a different name?

Les

CarefreeCarry & F35T3R,

Yes, it is essential to email ……

mtlsag25@gmail.com

with your holding, and details like your broker, your email address. I will send an upate to email addresses this evening.

Remember the aim of the action group is to try and protect YOUR financial interest in MTL.

Following Roy's helpful info that he had gathered in the past, we need to contact the following board members:
Nicotinenelly
adamk87
cv7blue
Pharmajon
Mac19
Ruchillover
CFC
Helu0104
Donjules
Cuckoldking
Goshawk
Doberman
davidsmith49a
Gaddes
Differentlevel
ALiarAtTheTop
Grocer1
Shinfalls
traderace
Rakes

It may be that some have sold. I may have others on my list without the username. If your name is on the list above please contact me at mtlsag25@gmail.com

Roy,

Recently, you posted recently that you had received notification that we had 121.5m shares amongst members on this board. There is a discrepancy between this figure and that notified to me so far. While some may have changed their holdings there are posters who have not appeared in the last 12 hours. OK it's not a long time but this is urgent for us all.

Do you have a list of usernames against the holdings so that we may try to contact them? If so, how do we best contact them?

If anyone else remembers usernames and holdings do try and contact them and send details to me mtlasg25@gmail.com. For example, I think there was one holder of 12m or 13m shares.

Les

Les

Les

CV7Blue and HawaiifiveO, many thanks for your offer of help in that area. I will need it soon. I'm sure your have sent me your holdings but I cannot link your lse usernames to your email addresses. Could you please email the details to me at mtlsag25@gmail.com.

Jarvis is a nominee company that hold shares on behalf of stockbroker clients; it holds mine. This is why it's helpful to know either stockbroker names or the nominee company for individual holdings. I will try to access inividuals who have not yet registered with us.

Thanks, Les

METALS EXPLORATION - SHAREHOLDER ACTION GROUP

An easy way to join is to send an email to me at mtlsag25@gmail.com with your shareholding, including shares in the names of family members. It will help build up our group if you indicate the stockbroker holding the shares on your behalf.

Many thanks,
Les

We have got off to an excellent start this evening. I will send out a daily update late afternoon/evening by email to your email addresses. I am going to repeat the post below for those who have not yet seen it. The key link is http://uk.advfn.com/cmn/fbb/thread.php3?id=45854091

To all shareholders in Metals Exploration,

The company is in stalemate with the two major debt holders over refinancing. It’s possible the two major shareholders may put forward a full debt for equity swap or an aggressive one. This might be unreasonable and unacceptable to us minority shareholders.

We know the company has generated cash and profits for 2018. They could reach $35m to $50m in 2020. Our shares could be worth anything from 4p to 7p in the short term with a balanced refinancing of the company.

Therefore, I have set up a Metals Exploration Shareholder Action Group on advfn. This is to have our say and block, if necessary, any Special Resolution.

We need to ensure we have more than 25% of the votes to reject a Special Resolution. Please help and go to the website for the Metals Exploration Shareholder Action Group set up by volmer3 to provide your shareholding details and support

Please spread the news on the Metals Exploration Shareholder Action Group bulletin board to:
- friends
- family
- other bulletin boards
- anyone who is a shareholder
- and anyone who can get the message out

This is URGENT as a Special Resolution might be coming any time now.

Please help. Let’s get this done.

Thank you,
Les

Roy, here is the link - I hope lse allow it.
https://uk.advfn.com/cmn/fbb/thread.php3?id=45854091&bb_alert=1

To all shareholders in Metals Exploration,

The company is in stalemate with the two major debt holders over refinancing. It’s possible the two major shareholders may put forward a full debt for equity swap or an aggressive one. This might be unreasonable and unacceptable to us minority shareholders.

We know the company has generated cash and profits for 2018. They could reach $35m to $50m in 2020. Our shares could be worth anything from 4p to 7p in the short term with a balanced refinancing of the company.

Therefore, I have set up a Metals Exploration Shareholder Action Group on advfn. This is to have our say and block, if necessary, any Special Resolution.

We need to ensure we have more than 25% of the votes to reject a Special Resolution. Please help and go to the website for the Metals Exploration Shareholder Action Group set up by volmer3 to provide your shareholding details and support

Please spread the news on the Metals Exploration Shareholder Action Group bulletin board to:
- friends
- family
- other bulletin boards
- anyone who is a shareholder
- and anyone who can get the message out

This is URGENT as a Special Resolution might be coming any time now.

Please help. Let’s get this done.

Thank you,
Les

If you do not get a reply from emails to company directors, please do not blame them. It is almost certain that directors have been advised by the nomad and solicitors not to communicate with shareholders or stockbrokers at this time. We all know the company shares are suspended and it is taking legal advice on the debt stillstand.

Thanks Roy.

Roy, would you please let me know the total of number of shares that our group has? Many thanks.