Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 - and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Thirteenth in our series is a BUY from Tim Blackstone. Tim writes:
Between Boxing Day and January 3 all of our writers will be serving up their share tips of the year for 2022 - and now a new occassional contributor has stepped up to the plate so that will be 24 tips. Tenth in our series is a BUY from Tim Blackstone.
“With one bound Dick was free.” Not quite. But Metals Exploration (MTL) looks to be well on its way to overcoming its many travails and the company chief, Darren Bowden (not Dick Barton) is very excited about the year ahead.
Given up for dead when the shares were suspended last March Metals Exploration (MTL) has leaped to life after a financial restructuring and shows every promise to deliver real returns to shareholders.
My apologies for what now looks like being a zero of a tip. I hope that folks lost patience last June when the word from the debt markets was that the banks had run out of patience and a share suspension beckoned.
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.
Metals Exploration (MTL), the gold producer in the Philippines, has announced an agreement to reschedule payments of $63.3 million to its bankers, HSBC and Paribas, concluding on 31 December next year.
TW Note: Evil was a bull of this shite at 130p at which point I called him out. The shares are now 24p, Cawky has been long and wrong for far too long. Back to Tim...
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