Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I apologise. I was wrong. It’s crunch time for Metals Exploration (MTL), the Philippines goldmine, whose deadline for renegotiation of its bank loans is at the end of this week. The moratorium on the loans has been extended twice and the word in the debt market is that the banks, HSBC and BNP Paribas, have run out of patience.
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