Updates

Metal-Tech - Contractual dispute triggers profit warning

September 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Shares in Metal-Tech, the recycler of specialty metals, fell sharply after it revealed that its Uzbekistan subsidiary, Uzmetal, is encountering significant disruption of its supply of molybdenum raw material due to mineralogical problems of a government owned mine and a contractual dispute with its molybdenum supplier. While the company expects to resolve the dispute, it admits the disruption is likely to go on for an extended period and therefore cause a 10-15% drop in profit and sales for 2006. Metal-Tech attempted to sugar this bitter pill with the announcement that it is to expand tungsten and molybdenum production into the Czech Republic through the formation of a new joint venture with Spolchemie, a local Czech chemical com ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Peter Hambro Mining - Share price mirrors gold volatility

Dana Petroleum - Surge in production as Goosander field comes on stream

Metal-Tech - Forecasts upgraded substantially (June 2006)

Metal-Tech - Poised to sign new joint venture (December 2005)

Metal-Tech - Rising molybdenum prices drive growth in metals recycler (November 2005)

Metal-Tech - Metals recycler benefiting from high molybdenum prices (October 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X