This was tipped in shares mag as a play a couple of weeks ago. It has also issued a trading update since then, then company is blazing ahead. The chart is in its infancy but it seems like a one way bet as momentum builds up to the results in September. The company is extremely cash generative and has not rocketed yet. They operate on a P/E of 6 for 2006 and have a 2% dividend yield definately worthly of a look IMO.



Metal-Tech, the metal-based hydrometallurgy and chemical company focusing on the production and recycling of speciality metals such as tungsten and molybdenum, is pleased to announce that, based on unaudited figures, the Company's financial performance for the six month period ended 30 June 2005 is ahead of current market expectations.

Financial performance

Based on unaudited figures, revenues for the six months ended 30 June 2005 will
exceed US$45million, ahead of current market expectations, and representing
growth of at least 50% per cent on the equivalent period in 2004.

Outlook

Trading for the Metal-Tech group as a whole remains encouraging and, under
current market conditions, the board expects the full year results of Metal-Tech
substantially to exceed those of 2004.

Metal-Tech intends to release its unaudited interim results for the half year
ended 30 June 2005 on 12 September 2005.

Metal-Tech's CEO, Mr Ran Maimon, commented:

'Progress on Metal-Tech's global production infrastructure, together with strong
demand for the Company's products from its major customers, is encouraging. We
look forward to providing a more comprehensive update when we announce our
interim results in September.'


Background and History

Metal-Tech is a growing and profitable metal-based chemicals company focusing on
the production and recycling of speciality metals such as tungsten and
molybdenum and having experience in hydrometallurgy and powder metallurgy
processes. The Metal-Tech group has production facilities in Israel and
Uzbekistan.

Metal-Tech's technology and engineering abilities enable the group to undertake
joint ventures with local partners operating in the copper mining sector and to
convert low quality raw materials and scrap into high purity chemicals and metal
powders.

In the year ended 31 December 2004, the Company's profits before tax were
approximately US$9.5 million on sales of approximately US$59 million. The Metal
-Tech group has an international customer base including companies in the De
Beers group, the Bosch group and a top 5 US-quoted diversified industrial
company.

Thanks for that blackbelt. Looks interesting - will take a closer look. I had hoped I might be able to pop a few in an ISA but apparently not.

Cheers, Madison

Blackbelt,

Nice thread header, thanks.

I saw the article in Shares, and I added MTT to my watchlist afterwards.

I see them in the same sort of field as Zox, and feel that with the present commodity price increases, and increased demand for the world's resources, these companies will succeed in the future.

Can I ask if you can change the chart in the header to a yearly one?

Or put a small yearly one in addition to the curerent one?

TIA

Hi Andy I'l try and sort the chart out but it only floated recently so a yearly chart would'nt show much.

I found a story yesterday in the international press from last week, looks like more postitive news flow....

SINGAPORE, July 21 (Reuters) - Mongolia's Erdenet Mining Corp. will start production of molybdenum at the end of August in a joint venture with privately owned Israeli company Metal Tech Ltd., a company official said on Thursday.

A tick up this morning

Just had a look at their website...I recomend a visit,very interesting.They have a consistent record of growth every year and are one of the few players in a very specialised field.
It really is too early to make any assessments as to where the sp will go,based on averages etc.The IPO did'nt take off straight away,why not?
Do punters feel that because the main processing plant is based in Israel it could be vulnerable?What percentage of the shares are privately held?
Certainly very interesting.Ethel

Its over 70% privately owned I think. This is not always a bad thing look at GED! If the company is profitable with high growth then it can rocket on small volumes. At present the company is churning out over 50% growth on last year im sitting tight........ever the optimist (i see GKR is still moving up ethel)

Another small tick up today! im sure il get some company on this one soon

Up a tick this morning, its nice to sit on shares with little interest! Gets a bit boring talking to yourself

Know how you feel Blackbelt, however, the undiscovered gems usually the best ones to hold imo. I hold a small amount of MTT shares and am looking forward to results next month.

all the best

capa

Cheers capa, the same think happened last month with accuma! Goldfinger and I were the only people on the BB and in the space of a few weeks we made 60%+ nicely up now

Up again today after a strong close on friday! Nice volume building on friday looks like this is gonna edge up to results then fly once its on more radars!

Moving up nicely after last weeks dip onwards and upwards to the results in september

Excuse my talking to myself BB, results are out Mon! Already updated the market with above expectations predictions! Topped up this morning waiting for them to seriously move after the results...............

Cheers, waiting for some company on this one

I'm still here blackbelt, looking forward to Monday.

capa

Nice one capa

Just back from A long weekend these ones have flow on their results, extremely impressive figures.....sitting on a nice profit with plenty more to come im bound to get more company on this thread soon............

Metal-Tech Ltd
12 September 2005

12 September 2005



Metal-Tech ('Metal-Tech' or the 'Company') Announces Record Half Year Results


Interim Results for the 6 months ended 30 June 2005


Metal-Tech, a leading specialty metal and metal-based chemicals company focusing
on the production and upgrading of low grade metals, is pleased to announce its
results for the period 1 January 2005 to 30 June 2005, its first set of results
since its admission to AIM in May 2005. Metal-Tech, which is based in Israel
but operates in markets around the world, produces tungsten, molybdenum and
other specialty metals, chemicals and metal powders which are used mainly in the
stainless steel, petrochemical and cutting tools industries.


Highlights:


Revenues up by 227% to US$55.0 million (2004: US$16.8 million)

Gross profit margin increased to 27.0% from an average of 24.2% in
the full year of 2004

Earnings per share (EPS) up 320% to US$0.21 (2004: US$0.05)

Net profit of US$8.1 million, significantly above half year 2004 net
profit of US$1.6 million

Six months net profit to 30 June 2005 exceeds 90% of net profit for
full year 2004

Successful admission to AIM in May 2005 raising 10.5 million before
expenses

Opening ceremony of the new molybdenum plant in Mongolia took place
on 5th September, making Metal-Tech the pioneer, and as yet only,
foreign company to establish a hydrometallurgy chemical plant in
Mongolia. The new plant should increase the profit margin of the
Mongolian present operation.


Commenting on the results, Ran Maimon, Chief Executive of Metal-Tech, said:

'We are very pleased by these financial results which have exceeded our internal
budgets. We joined AIM in May of this year and have successfully grown the
business in production quantities and sales to existing and new customers. We
have successfully established on schedule a new state of the art molybdenum
plant in our subsidiary in Mongolia together with Erdenet Mining Corporation,
which will strengthen our position in the Asian markets. The plant which
converts low grade molybdenum concentrate into quality molybdenum oxide is
designed to a capacity of 2,000 tons per year and is well placed at a time where
there is global shortage of molybdenum refining. The plant is due to be in
operation by the end of this year. The current intention is to declare an
inaugural dividend at the end of the current financial year.'

-Ends-

For further information, please contact:

Ran Maimon, Chief Executive Officer:
ran@metal-tech.co.il

Modi Ashkenazy, Chief Financial Officer:
modi@metal-tech.co.il
Tel. +972 8
6572333

Henrietta Hirst, Par Excellence PR, London

henrietta@parexcellencepr.com
Tel. 020 7262 6648 / 07880 742 375


Interim Results

Excellent progress has been made during the last six months in increasing
revenues from existing customers and in broadening the Company's customer base.
Consequently, Metal-Tech's results have significantly exceeded management
expectations. The Company's management remains committed to expanding the
Company's activities with the introduction of more technically advanced
products, as well as the additional diversification of supply sources, in order
to secure business growth.

The significant growth in sales during the first half of 2005 was the result of
high demand and increased production in all of the Company's plants. Metal-Tech
benefited from favorable market conditions in the metals industry combined with
an efficient sales and production operation. The Company saw strong growth in
all of its geographic markets, in particular in the US, China and Japan. This
growth was primarily driven by increasing market share in all markets as well as
by strong growth in demand from the oil refinery catalyst industry in Japan.

Tungsten prices increased significantly during the first few months of 2005 as a
result of greater demand, mainly from Chinese internal consumption. Molybdenum
prices remained at relatively high levels throughout the six month period.

Management remains confident about future prospects for Metal-Tech. The
successful IPO completed in May 2005 will enable the Company to invest in
further growth and expansion.

Revenues for the six month period ended 30 June 2005 were US$55,018,000 compared
to US$16,804,000 for the comparable period in 2004, reflecting an increase of
227%. Net profit for the six month period to June 2005 was US$8,069,000,
representing an improvement of 390% compared to US$1,646,000 for the comparable
period in 2004. Gross profit for the six month period ended 30 June 2005 was
US$14,867,000, representing a 27.0% margin, compared with US$2,482,000 and a
14.8% margin for the comparable period in 2004. The improvement in gross margin
is a result of higher average selling prices through improved quality and better
production efficiency.

During the six month period ended 30 June 2005 cash and cash equivalents
increased by US$14,767,000 to US$17,234,000 mainly due to proceeds from the IPO.
The working capital balance of the Company increased by US$7,342,000 as a result
of increased sales and increased cash settlements with suppliers, mainly in
China (the effect of the significant increase of tungsten prices during the
first half of 2005). The Company does not expect additional significant changes
in its required working capital in the second half of the year.

Long-term debt during the six month period ended 30 June 2005 was reduced from
US$13,107,000 to US$12,330,000 due to the repayment of long-term loans amounting
to US$5,147,000, mainly in Uzbekistan, which was offset by new bank loans drawn
down to finance the new plant in Mongolia.

Outlook

The Company performed strongly in the first half of 2005 and the board therefore
remains confident of the Company's prospects for the rest of the financial year.
In addition, market conditions are encouraging and metal prices remain at high
levels as a result of continuous strong demand worldwide. The Company's strong
position in Mongolia, its technical expertise in the engineering and production
of quality specialty metals, provide solid ground for further expansions
especially in the geographical areas in which the Company already operates.


CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands (except shares and per share amounts)


Unaudited six months, Audited 12
ended 30 June, months
ended
31
December,
2005 2004 2004
-------- -------- ---------

Revenues 55,018 16,804 58,972
Cost of revenues 40,151 14,322 44,672
-------- -------- ---------

Gross profit 14,867 2,482 14,300
-------- -------- ---------

Research and development 40 196 243
expenses, net
Selling and marketing 1,482 619 1,111
expenses
General and administrative 948 429 1,796
expenses -------- -------- ---------

Total operating expenses 2,470 1,244 3,150
-------- -------- ---------

Operating income (loss) 12,397 1,238 11,150

Financial expenses, net 311 186 1,655
Other income (expense), net 18
-------- -------- ---------

Income (loss) before taxes on 12,086 1,052 9,513
income
Taxes on income 2,180 - 809
-------- -------- ---------
Net Income for the period 9,906 1,052 8,704
======== ======== =========
Attributed to:
Equity holders of the Parent 8,069 1,646 8,871
Minority interests 1,837 (594) (167)
-------- -------- ---------
9,906 1,052 8,704
======== ======== =========

Basic and diluted earnings 0.21 0.05 0.29
(loss) per share ======== ======== =========
======== ======== =========


Number of shares used for 38,376,923 30,300,000 30,300,000
computing basic and diluted
earnings per share



CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands


Unaudited Unaudited Audited
30 June, 30 June, 31 December,
2005 2004 2004
ASSETS

CURRENT ASSETS:
Cash and cash equivalents 17,234 840 2,467
Short-term deposits 164
Short-term restricted cash 912 900 748
Trade receivables 16,206 3,816 13,432
Due from minority interest in - 1,196 283
subsidiary
Other accounts receivable 2,435 900 1,715
Inventories 11,638 5,287 12,747
-------- -------- ---------

48,425 12,939 31,556
-------- -------- ---------
LONG-TERM ASSETS
Restricted cash 912 1,736 1,495
Deferred taxes 500
-------- -------- ---------
1,412 1,736 1,495
FIXED ASSETS:
Cost 41,466 30,522 32,974
Less - accumulated depreciation 13,243 10,502 11,643
-------- -------- ---------

28,223 20,020 21,331
-------- -------- ---------

TOTAL ASSETS 78,060 34,695 54,382
======== ======== =========


CONSOLIDATED BALANCE SHEETS
U.S. dollars in thousands (except share data)

Unaudited Unaudited Audited
30 June, 30 June, 31 December,
2005 2004 2004
LIABILITIES AND
SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:
Short-term bank credit 5,701 5,418 4,203
Short-term loans and current 3,716 5,574 6,336
maturities
Trade payables 10,195 6,692 20,025
Related parties 1,184 180 1,505
Other accounts payable 9,469 3,412 4,596
--------- -------- ---------

30,265 21,276 36,665
--------- -------- ---------

LONG-TERM LIABILITIES:
Long-term loans 8,614 9,580 6,771
Accrued severance pay 264 109 188
--------- -------- ---------
8,878 9,689 6,959
--------- -------- ---------
Total liabilities 39,143 30,965 43,624
--------- -------- ---------

EQUITY:
Ordinary shares 2,399 2,031 2,031
Additional paid-in capital 23,995 7,405 7,405
Accumulated net profit 71 (39) (242)
(loss) on cash flow hedges
Retained earnings 9,140 (6,154) 1,071
(accumulated deficit) --------- -------- ---------
35,605 3,243 10,265
MINORITY INTEREST 3,312 487 493
--------- -------- ---------
Total Equity 38,917 3,730 10,758
--------- -------- ---------
Total Liabilities and Equity 78,060 34,695 54,382
========= ======== =========



CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY
U.S. dollars in thousands


Accumulated Retained
Additional net gain earnings
(loss) on
Share paid-in cash flow (accumulated
capital capital hedges deficit) Total

Balance as 2,031 7,405 (242) 1,071 10,265
of 1
January,
2005
(audited)
Net profit - - 313 - 313
on cash
flow hedges
Proceeds 368 16,590 - - 16,958
from
issuance of
ordinary
shares, net
of issuance
expenses
Net income - - - 8,069 8,069
------- ------- -------- -------- --------
Balance at 2,399 23,995 71 9,140 35,605
30 June, ======= ======= ======== ======== ========
2005
(unaudited)

Balance as 2,031 7,405 (267) (7,800) 1,369
of 1
January,
2004
(audited)
Net profit - - 228 - 228
on cash
flow hedges
Net income - - - 1,646 1,646
------- ------- -------- -------- --------
Balance at 2,031 7,405 (39) (6,154) 3,243
30 June, ======= ======= ======== ======== ========
2004
(unaudited)

Balance at 2,031 7,405 (267) (7,800) 1,369
1 January ,
2004

Net gain on - - 25 - 25
cash flow
hedges
Net income - - - 8,871 8,871
------- ------- -------- -------- --------
Balance at 2,031 7,405 (242) 1,071 10,265
31 December ======= ======= ======== ======== ========
, 2004

CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands


Unaudited Unaudited Audited
30 June, 30 June, 31 December,
2005 2004 2004

Cash flows from operating
activities:

Net income 8,069 1,646 8,871
Adjustments required to reconcile (4,196) 2,020 1,528
net income to net cash provided -------- -------- ---------
by (used in) operating activities
(a)

Net cash provided by operating 3,873 3,666 10,399
activities -------- -------- ---------

Cash flows from investing
activities:

Purchase of fixed assets (8,548) (2,174) (4,703)
Proceeds from sale of fixed 35 22 92
assets
Short-term deposits, net 164 66 (98)
Restricted cash 419 389 782
-------- -------- ---------

Net cash used in investing (7,930) (1,697) (3,927)
activities -------- -------- ---------

Cash flows from financing
activities:

Minority investment in a 1,265 712 1,204
subsidiary
Proceeds from short and long-term 4,250 500 1,263
loans
Repayment of short and long-term (5,147) (3,463) (6,379)
loans
Net proceeds from issuance of 16,958
shares
Short-term bank credit, net 1,498 794 (421)
-------- -------- ---------

Net cash provided by (used in) 18,824 (1,457) (4,333)
financing activities -------- -------- ---------

Increase in cash and cash 14,767 512 2,139
equivalents
Cash and cash equivalents at the 2,467 328 328
beginning of the year -------- -------- ---------

Cash and cash equivalents at the 17,234 840 2,467
end of the year ======== ======== =========



CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands


Unaudited Unaudited Audited
30 June, 30 June, 31 December,
2005 2004 2004

(a) Adjustments required to reconcile net
income to net cash provided by (used in)
operating activities:

Income and expenses not involving cash
flows:

Minority interest 1,837 (594) (167)
Depreciation 1,628 1,186 2,390
Accrued severance pay 76 (3) 76
Foreign exchange differences on short and 120 111 217
long-term liabilities, net
Capital gains on sales of fixed assets (7) (2) (18)
Other - - (40)
--------- --------- ---------
3,654 698 2,458
--------- --------- ---------
Changes in operating assets and
liabilities:

Decrease (increase) in related parties, (371) 56 1,381
net
Increase in trade receivables, net (2,774) (1,047) (10,663)
Decrease (increase) in other accounts (1,220) 221 (594)
receivable
Decrease (increase) in inventory 1,109 3,213 (4,247)
Increase (decrease) in trade payables (9,830) (500) 12,833
Increase (decrease) in other accounts 5,236 (621) 360
payable --------- --------- ---------

(7,850) 1,322 (930)
--------- --------- ---------

(4,196) 2,020 1,528
========= ========= =========


The accompanying notes are an integral part of the consolidated financial
statements.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 - GENERAL:

The interim financial statement as of 30 June 2005 and for the six month period
then ended (hereafter - the interim statements) were prepared in condensed form
in accordance with IAS 34 - 'Interim Financial Reporting'.

The accounting policies applied in preparation of the interim financial
statements are consistent with those used in the 2004 annual financial
statements but have not been audited by the auditors. Nevertheless, the interim
statements do not include all the information and explanations required for
annual financial statements, and should be read in conjunction with the 2004
annual financial statements.

Costs incurred unevenly during the year are brought forward or deferred, for
interim reporting purposes if, and only if, such costs may be brought forward or
deferred in the annual reporting.

Taxes on income for the interim periods are included based on the best estimate
of the anticipated average annual tax expense for the entire year; changes in
said estimate, as well as changes in the amount of the tax saving to be utilized
in the following years, are included as an expense for the current quarter.

NOTE 2 - REVENUES BY GEOGRAPHICAL SECTOR

Revenues classified by geographical destinations based on the customer location:

Unaudited six months, Audited 12
Ended 30 June, months ended
31 December,
2005 2004 2004

United States 11,378 4,374 11,473
China 9,869 3,925 21,878
Japan 20,930 2,448 11,830
Europe 5,948 4,781 9,332
Others 6,893 1,276 4,459

55,018 16,804 58,972

Nice buy recommendation in shares today. Commented on the continued strong growth in all divisons sitting on a PE of 5, dropping to just 4 next year plenty more to go.......

Welcome back Blackbelt, agreed results extremely encouraging forward p/e ludicrously cheap.

Panmure lifted its target price to 2.05 which still seems low to me.

capa

Moving on up this a.m

capa

The results were excellent and the shares buy recommendation have helped push this to a more realistic level! that price target seems way to conservative, sit back and watch this one roll on capa

Capa this one is positively flying! up nearly 14%.........

I'm waiting for a pull back to buy some more but it just aint happening.

Agree the Panmure target is way too conservative, will be paying a divi too !!

all the best

capa

flying along this morning nice broker buys they must be short of stock happy to let this one race along..........

you're no longer alone blackbelt!

Welcome aboard moneyplus! If you pick a company with a extremely low P/E, like Crosby, you can't go wrong. I've tried to make money on full hardy shares before its nice when it works but for guaranteed results you need growth, profitability and if you get that on an already low P/E your in for a fortune

And then there were three ! Welcome moneyplus

capa

Nice tick up this morning! After results like last week, above expectations, whenever investors have a chance to digest the figures there should be continued support for the price but if it starts to dip i think i might have a small top up

Looking great this morning ans for a fast growing company its still on a low P/e..
I know what I like and I like what I know.

the BB has sprung to life a bit glad to see its hard to se much downside on this with plenty of cash available they are looking to make M&A making the growth potential even more lucrative from internal and extenal sources

Hold on tight a bit of a pull back which is only natural if you think about it! Hope this will drop back a bit further so I can top up with some extra funds

Topped up yesterday looking good for a rebound

No mention in this months Scsw...

Coming along nicely glad im overweight in solid companies awash with cash and growth have you seen whats happening to some of the small caps at the mo.......

Nicely up today 5%..............

Tipped as a buy in TMI November edition out Saturday.

Holding up well! looking good for an update on their Mongolian plant. Happy to sit and watch this appreciate

Its up 8p today blackbelt for some reason could it be the seller has finished selling..?

up 10% now mitzy about time too! It has been treading water for a while now missing out the big rise theres plenty of room for this to double and still keep a P/E around 10........

Crikey, who lit the blue touch paper this morning.

Another tip on its way? Still cheap so why not.

capa

Finally making money on this one blackbelt and about time too...as you say it could easily double from here and still be on a very low P/E of 10 or less...cheers.

I wonder if its gonna be tipped in IC tomorrow?

Afraid not bb..

Ah well its motoring along nicely anyway.......maybe its another big leg-up to begin a new trading range judging by last time we could be looking at a range of between 240-220 fingers crossed!

I would guess that 220/240p will be the next trading range bb..

Perhaps he meant 220/340 mitzy

These don't half move when they have a mind to it.

capa

I know what you mean capa.

The way things are going we could hit 230p today which I never thought possible a couple of days ago but when it goes it takes off..!

I hope im proved wrong guys.....im extremely happy with this little gem hold on to your tails

RNS just released - that explains the recent activity

capa

You got to love the way the market finds out about things like that first! Its annoying when your trying to get in but when your already holding its a great profit to be had

Some massive buys went through explaining the rise of this one! Looking forward to the announcement of the joint venture

Should know in the next week.. cheers.

ticking long nicely today again MMs happy to move it up, and so am I......

I'm happy too as its reached my 220/230p target price..

Ive been looking at the chart and the figures and realistically this may have risen quite rapidly but its still not a bagger but I really think in the next 6-12 months that it could double from here if the newsflow keeps positive.

good pick blackbelt-I'm happy.

Recovered well considering the drop across the board, especially the ones with recent gains.....hopefully get the news tomorrow

Flying along this morning up another 6%.............

Just noticed it blackbelt but it has dropped a bit now.
I know what I like and I like what I know.

Closing on an all time high, very bullish

capa

Mentioned in the weekends TMI as a hold.

Not the reaction I would have thought....only up 5p..!

Its another bright start to this one again 5p up will do fine at the minute

Further announcement the juicy details should follow soon.........powering along again up another 9p this joint venture must be going to be extremely lucrative due the price being walked up so much! Hopefully shares have got whiff of this and can provide an update in their plays this week...........

Metal-Tech Ltd
21 November 2005


Metal-Tech Ltd Further Re Joint Venture


21 November, 2005


Metal-Tech Ltd. ('Metal-Tech' or the 'Company')

Update Regarding Potential Joint Venture Agreement

On 11 November 2005, the Company announced that it was in discussions that may
lead to the formation of a new joint venture.

As was disclosed in the announcement, the agreement still requires approval by
the Boards of both Metal-Tech and its prospective joint venture partner.

The Company now advises that discussions continue to proceed positively and that
Metal-Tech expects to be in a position to announce that the formal terms of the
joint venture agreement have been concluded in the near future.

The proposed joint venture will involve the production of molybdenum based
products and the intention is to combine the technological know how and
experience of Metal-Tech in relation to molybdenum with the available raw
materials and mine deposits of its partner.

Up 15 on news much the same as last week. Just the time scale has altered.When the detail is released I see the same again at least.

Great news today and still further to go.. 300p is possible when contracts are signed.

Yep that looks realistic to me

Anyone expecting news this week or sooner..?

looks like we may finish at a new high! On the way to new platform.......

Looking great bb....
I know what I like and I like what I know.

Bought three tranches of these so far -- looks solid -- big co's interested in their processes.

Moving up again on small volume.

80% up in 4 months on my original stake.

Marvellous.

capa

When this one is moving its a joy to watch....its a bagger for me on my original stake but im happy to keep accumulating plenty of steam left in this one

Just a question of time before they hit 300p imo.

Good start to the week.. 268p.

Yep looking strong at the minute for that 300p price tag before the new year.......

Trust the old favourite to be blue in a pretty bloodstained watchlist of mine, a new closing high again

Nicely up today recovering a bit of ground....just waiting on the details of the venture to send it onto the next stage, happy to sit and wait

A director resigned had some affect on this one! Looks like it bottomed out yesterday morning...........definately a buying opportunity for the long term as the fundamentals haven't changed just a good opportunity for a tree shake not going any where

Theres one thing for sure in 2006 and that is oil and metal prices to hit new highs due in part to the indecision over Iran and the threat of a new war..hold.

This one has been badly hit by the profit warning--is it time to buy back in or better to wait for the results ? I've been watching them but as yet no double bottom.

media comment, here

Another dire update 3p beckons.

The SP recovery here should have a long way to run yet. Results soon and any news of the plant re-opening could see this heading back to 1.

not good.

Movement in share price

The Board of Metal-Tech acknowledges the recent rise in the share price of the Company.



It can confirm that it is unaware of any reason for such movements and consequently does not believe there is a need to make an announcement in relation to this rise.