Gold producer in the Philippines, Metals Exploration (MTL) has announced third quarter of 2022 results and that “full access to mine plan Stage 3 was achieved during Q3 2022 and higher grade Stage 3 ore will be accessed during Q4”. How encouraging is this from a current 0.85p offer share price?

Gold producer in the Philippines, Metals Exploration (MTL) has issued a second quarter update including that it “is well positioned for a strong second half of 2022 as the grade in the mine improves once the higher grade ore in Stage 3 is accessed”.

Gold miner in the Philippines, Metals Exploration (MTL) has announced an update on the first quarter of the year and that it is “well set to continue to deliver our planned strategy for the coming year”.

Gold producer in the Philippines, Metals Exploration (MTL) has announced its fourth quarter and full-year 2021 performance and noted guidance for the current year.

Gold producer in the Philippines, Metals Exploration (MTL) states that it “is pleased to announce its quarterly results for Q3 2021” and that further project improvements are coming.

Metals Exploration (MTL) has announced results for the first half of 2021 showing it generating cash and that access to further resource is being developed.

Gold producer in the Philippines, Metals Exploration (MTL) has announced quarterly results, including noting production challenges but also that it believes it is well placed for the second half of the year.

Metals Exploration (MTL) “is pleased to announce its quarterly results”, so why have the shares responded to trade lower at below 1.5p?

Operational and financial struggles have meant Metals Exploration (MTL) has been a long-term dog. That is why its shares are so cheap. But the world has changed. It has, the other day, now followed an October debt restructuring with  an update boasting of record quarterly production and sales, which, as it becomes understood, suggests a dramatic share price recovery is on the cards.

“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.

I start with a few notes on  preparations for Thursday’s funeral following my piece on mad Covid rules and Dad’s ceremony HERE. Then I look at Verditek (VDTK) and Versarien (VRS) where the wheels realy are coming off. Then it is onto a defence of my friend Tim Blackstone and my analysis of Metals Exploration (MTL). Finally I look, in real detail (hence the length of this podcast), at Guild Esports (GILD) which was much hyped by the deadwood press at its IPO a few weeks ago partly because David Beckham was investing in it. I expose why that is so utterly misleading, Becks will make a killing from this IPO but I suggest mug punters will not. This whole thing stinks.

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. 

I start with a recount of what is my longest training walk yet as I build up to the 33 mile Rogue Bloggers for Woodlarks stroll on May 25. As you think of me wading through mud and dog pooh, gosh I loathe selfish dog owners, please make a donation to this great cause HERE. Then I look at Interserve (IRV) and dumb bleaters and at Metals Exploration (MTL), Tim Blackstone's fave hound, and why its latest bombshell surely calls for a change in the AIM casino rules when it comes to Nomad Resignations.

In today's bearcast I discuss Neil Woodford's spivvery regarding Provident Financial (PFG), have a smoking rumour on Argo Blockchain (ARB) - which we own - comment on I3  Energy (I3E) as it dissembles and look at Quiz (QUIZ) and Sosandar (SOS) as well as Metals Exploration (MTL). If you enjoyed this bearcast, follow Jim Mellon and support the Rogue Bloggers for Woodlarks HERE.

In this bearcast I comment on Bluejay Mining (JAY) although my main commentary on it is in a seperate podcast HERE, Metals Exploration (MTL), and Nostra Terra (NTOG). I also look at Ted Baker (TED), TekCapital (TEK) and Alien Mining (UFO) with its new Nomad, London's worst, Roland "Fatty" Cornish.  If you enjoyed this podcast please support the EIGHT rogue bloggers for Woodlarks with a small donation HERE

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.

Okay I have not always called Metals Exploration (MTL) correctly. But ten days before Christmas I suggested punters looking at Metals Exploration should, in the immortal words of Perry Como, catch a falling star and put it in their pocket. Since then the shares have nearly trebled.

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.

As of last night a group of UK Oil & Gas (UKOG) twitter trolls have moved from attacking me over THIS ARTICLE to having a pop at Woodlarks over the walk on Saturday. Big Dave Lenigas is copied in on these tweets. I urge him to state clearly that attacking charities for the disabled is obscene and to make a donation HERE - as should any bearcast listener who has not done so already!  I have recorded a special Woodlarks podcast today which you can listen to HERE. In this bearcast I ask what will make an overvalued market crack and look at Tern (TERN), Amur (AMC), Metals Exploration (MTL), Optibiotix (OPTI) and Uk Oil & Gas (UKOG) once more. 

My last update on Metals Exploration (MTL) was greeted with a yawn and, such is the credibility gap - for the company if not my commentary on it as this has been a duff share tip - the shares have yet to add any lustre to the gold coming out of the ground. Yet along with year end figures last Thursday the company has confirmed that its BIOX treatment plant, after so many hitches, is now working fully up to speed.

Having stumbled badly on my, hitherto disastrous, share tip for Metals Exploration (MTL) in the summer of 2016 I stuck my neck out - correctly as it turns out - at the beginning of this month by a renewed tip for the accident-prone Philippines gold producer. 

Hope springs eternal in the human breast though it has been tested to destruction for those who ever invested in gold miner, Metals Exploration (MTL). In the late summer of 2016 I thought the worst of iis woes were over. I was wrong for which humble apologies.

Entries ranging from a rather optimistic zero up to a more sorrowful 19 was the range set by ShareProphets readers, but what answer did the global shorting conspiracy come to?

This is a long podcast as there is much to cover. On the agenda: Magnolia Petroleum (MAGP), Milestone Group (MSG), Metals Exploration (MTL), Servision (SEV), Pantheon Resources (PANR), Fusionex (FXI), SalvaRx (SALV), Telit Communications (TCM) Jim Slater & PEG investing and finally the Aussie Poltroons Slater & Gordon (SGH)

The political clouds are lifting over Philippines gold miner Metals Exploration (MTL). The Manila Times reported last week that the Runruno mine has been granted permission “to start full commercial operation before the end of this year after it has complied with the necessary corrective measures”. And the tough new Department of Environment Secretary, Regina Paz Lopez, is quoted as saying that the Bureau of Mines, when granting the company its certificate had proved “a way to identify responsible miners.” With her imprimatur investors can afford to smile.

An aborted attempt to take the company private, typhoons, a nightmare fear of political intervention and nervous creditors threatening to pull the plug, there has been little left to the imagination for shareholders, or what’s left of them, to endure at Metals Exploration (MTL).

You can never discount the possibility of a slip twixt cup and lip when dealing with bankers, particularly in these troubled times. Hence the extraordinary announcement from Metals Exploration (MTL) about an emergency requirement for cash just 48 hours after reporting progress at the mine head in bringing gold on stream.

I look at sad events in Nice and at Metals Exploration (MTL) but sorry this really is not very good.

Five years ago, the Candy brothers tried to take Metals Exploration (MTL), a promising gold play in the Philippines, private at 13p. Now, at long last, after a super typhoon wrecked its chances of coming on stream last September and the shares hit a 4p nadir in March (when shareholders were obliged to stump up a further $5 million at 3p to keep the project financiers happy), the company looks on the cusp of making serious returns.

John Meyer of SP Angel this morning comments on Aureus Mining (AUE), Berkeley Energia (BKY), Avocet Mining (AVM), Antofagasta (ANTO), Highland Gold (HGM), Metals Exploration (MTL), Metminco (MNC), Sirius Minerals (SXX) and Premier African Minerals (PREM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.

John Meyer of SP Angel this morning comments on Avocet Mining (AVM), Goldplat (GDP), Herencia (HER), Metals Exploration (MTL), Ortac Resources (OTC), Kaz Minerals (KAZ) and Serabi Gold (SRB) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

John Meyer of SP Angel this morning comments on Metals Exlporation (MTL), Ortac Resources (OTC) and Sierra Rutile (SRX) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

In today's podcast I celebate Fiji - come on guys, the Celtic World expects. Then onto how Goldman Sachs got the FOMC to carry on blowing bubbles and the to the farce carry on up the Sefton (SER) - Raylene Whitford has quit. Then to New World Oil & Gas (NEW), Ferrexpro (FXPO), Arian Silver (AGQ), Monitise (MONI), Metals Exploration (MTL) and LGO Energy (LGO - The Sheriff of AIM vindicated once again

John Meyer of SP Angel this morning comments on Metals Exploration (MTL), Petra Diamonds (PDL) and Wolf Minerals (WLFE) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond. 

John Meyer of SP Angel this morning comments on Johnson Matthey (JMAT), FinnAust Mining (FAM), Kefi Minerals (KEFI), Metals Exploration (MTL), Sirius Minerals (SXX), Stratex (STI), Ortac Resources (OTC) & Rambler Metals (RMM) as well as offering a detailed macro view on the news that is shaping global mining and the AIM mining pond.