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.

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.