senn1965
16 Jan 2017
Chunky buying Reminds me of Hum a tad once cleared with production in full swing should be 10p and more.
senn1965
16 Jan 2017
Re: Time to buy As me old mate Hub has pointed out, there will be some overhang from the placeing left to clear for a while, so do not be frustrated with lack of movement for a few weeks, but once done in words of Dmitry Klokov when he is coaching weightlifting WOOP!!Senn..
senn1965
16 Jan 2017
Time to buy Looks like a very very good time to buy here massive tuenaround play, would be quick tho, as this is still under the radar.
johnybigarms1
16 Jan 2017
£250000 director purchase 5p After a lot of study, I really like this Gold miner, on the cusp of full production from a huge reserve, only £100 million market cap, £80 million dept but all infrastructure, plant up and running, that dept will soon reduce, I see Gold values rising over the years as world economics are in and out of one crises to another, but the icing on the cake for me is the Directors purchase of 5m shares (£250000) on the 9th December 2016, he's confident, 10p only recently, on that basis I'm in, seems very under the radar, but that could change at any time, so I'm in @ 5p
paulmc1
17 Oct 2016
'Quick bounce back to 10p' Yes I saw the SP article and particularly liked this: "I expect the company to confirm the good news next (this) week. The share price should quickly bounce back to the 10p level it touched last July ."
Bubsy the cat
14 Oct 2016
Re: Manila times Good article on S**** Profits site;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.All that remains is for the company to secure permission to sell the gold it has already produced while it continues to ramp up production. With all bureaucratic issues resolved the banks will be happy to extend the group’s $83 million debt facility.The newspaper report explains that, “the project was approved by the Provincial Board (Bureau of Mines) after it was endorsed by the host Barangay Runruno and the local government of Quezon following more than five years of exploration and community development activities in the area. With a capital cost of $149.3 million and estimated average annual operation cost of $46.2 million, FCF Minerals (Metals Ex’s Philippines company) targets 96,700 ounces per year over a mine life of 10.4 years.”I expect the company to confirm the good news next week. The share price should quickly bounce back to the 10p level it touched last July before suffering under the burden of the political uncertainties, the hiatus over its bank loans and the need for two emergency share issues, funded by its the four largest shareholders, in order to pay its 500 workers.The management is mindful of the loyalty of its remaining long suffering shareholders and could take on a new broker, since it will have no further requirement to hide its light under a bushel. It will after all be one of the world’s lowest cost gold producers. Average down/buy.
totogooner
14 Oct 2016
Manila times Manila Times reports: FCF to start full commercial operation. Mines Bureau states the co has complied with "the necessary corrective measures"
Lord Badger
31 Jul 2015
Major Investor share sale Well, no sign of that 26m share off-load by Baker Steel going through in the LSE market volume figures. Presumably a private sale and in time we should see an update to the capital structure to show where it's gone - my money's on Ruffer. So, the free float remains the same, around 4.8%. Looks like some are taking the opportunity to jump in / top up this morning following the drop to 4.38p. The sell-side market size has certainly opened up considerably, which does indicate there's more liquidity at the moment.
Lord Badger
18 Apr 2015
Totally under the radar It's amazing how a company with £500,000,000 of gold, net of production costs, in the ground, a fully funded mine perhaps 3 months from full production and a current market cap of £65m, sails under the radar like this. Volume has at least picked up so at least a few wise souls are watching.Probably no operational update until the AGM, so roll on June.
Maverick
23 Feb 2015
Wake up world! Great news here. A proactive mining company delivering and actually mining.
