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Results: MTL

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EPIC MTL
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Metals Exploration: the End is Nigh

I apologise. I was wrong. It’s crunch time for Metals Exploration (MTL), the Philippines goldmine, whose deadline for renegotiation of its bank loans is at the end of this week. The moratorium on the loans has been extended twice and the word in the debt market is that the banks, HSBC and BNP Paribas, have run out of patience. 

EPIC MTL
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Catch a Falling Star and Put it in your Pocket: a stale bull writes on Metals Exploration

Catch a falling knife, more like it, you might say applies to investment in Metals Exploration (MTL) where I admit that my buy tips/average down advice to date has not enriched anyone. What a never ending fuck up and yet, having got it so badly wrong I still haven’t given up hope. “:Bonkers,” you say, especially after the shares slumped 90% last week after an institutional holder, believed to be Blackrock, dumped its entire holding of 68 million shares at just 0.2p.

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