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Metals Exploration – 2022 results, net cash generation and debt reduction value: BUY

By HotStockRockets | Friday 19 May 2023


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Gold producer in the Philippines, Metals Exploration (MTL) has announced results for the 2022 calendar year noting “exceeding its guidance for gold production and at an All-In-Sustaining-Cost (AISC) of US$1,235 per ounce, below the FY2022 AISC guidance” and continuing positive cash flows. So what of the shares now at 1.93975p?
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