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.

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.