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.

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.