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.

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.