Metal Tiger Share Discussion Threads

[supercity] 26/11/2016 09:43

This does assume the pi55ed of BMR shareholders don't start dumping their shares on Monday which of course will lower the price here further...could drop back to below 1p Monday morning

[supercity] 26/11/2016 09:41

Quick calculation660 million MTR shares in issue.23 of BMR share for each oneBMR shares currently 4.5p to sell and the new shares would nearly double their shares in issueTherefore your new one 4.5p BMR share will be exchanged for 4.35 MTR shares...valuing it at little over 1p a share at current prices

[kevjones2] 26/11/2016 01:24

PIs have been fooled again. In this case it's a rather big time shafting. One or two can dress it up whatever way they like but the bottom line is PIs gave been treated with the same contempt as the shareholders of most of MTR's investment companys.

[lazygun] 26/11/2016 00:31

Check out the significant ownerships...

20% of the company held by TG, and a very few others.

I'd be very surprised to see them vote in favour of acceptance...

13% not in public hands, which leaves 67% of shares available to the market...

I think there is more to this situation than is currently in the public domain....

L

[lazygun] 25/11/2016 23:38

Again, very unlikely...

L

[billionaire1] 25/11/2016 23:00

bad news from m o d on sunday night/Monday morning me thinks that is causing part of our problems

[lazygun] 25/11/2016 21:08

Light,

Shows how much you know.

No-one is in at .4/.5, which they'd have to be for 400% profit at the current price.

Is your nickname "talkoutofmy..."

L

[lazygun] 25/11/2016 20:53

Don't be ridiculous.

They'll just vote no to the offer...

L.

[lightmyarse] 25/11/2016 20:48

The talk over this week end will be amusing to read from some rampers on twitter namely 1. They are now scared and will be on full ramp mode I know of some major holders who are not happy with the news and will be dumping Monday (still with 400% profit) so they dnt care

[lazygun] 25/11/2016 20:39

I doubt this is the full story.

Think something cleverer than this is in the offing.....

i can't imagine terry grammer thinking that an all paper offer for mtr at this level, given the assts it has is a good idea....

[keya5000] 25/11/2016 20:24

Its the same CEO though so is he going to sit on one side of the desk make the offer then run around the other, place his MTR badge on and reply 'this offer under values my company'.

I think not.

This does not look a stitch up either, more a marriage of convenience?

[supercity] 25/11/2016 20:20

Come on then ... 10 minutes before the close...so no one else thinks this is a tad oddLet me guess - an announcement Monday saying the board believes the offer significantly undervalues the business - maybeNot cynical - honest

[fireplace22] 25/11/2016 19:18

Maybe that's the problem with (dry) OPEC - not enough beers to see straight. Sorry for the OT.

[someuwin] 25/11/2016 19:14

...I fully intend to. Everything makes more sense with a few beers.

[paleje] 25/11/2016 19:11

I think it's best to have few beers someuwin it might make sense then. Or not. But have a few beers anyway.

[someuwin] 25/11/2016 18:51

I can't quite work all this out.

BMR (current valuation £8.5m) is bidding for MTR (current valuation £13m) doesn't that make it a reverse takeover?

Anyway, as it is an all paper offer its more like a merger of the two.

If the deal goes ahead MTR shareholders will become BMR shareholders and in theory BMR share price should rise to reflect the new assets from MTR.

Is it a good deal? Who knows? I havent worked out the ratios of shareholders versus the new total of BMR shares that will be created.

Plus, of course it all depends on what level the BMR shares end up trading at.

[sweepie2] 25/11/2016 18:32

Unless Borelli is using BHR to make other suitors show their hand always a way to get yourself known that you are in play by getting somebody to make the first move. I don't think it will go to BHR I expect other companies to put in offers

[paleje] 25/11/2016 17:57

Yes definitely. But how can Borelli give a Board response in the interests of shareholders to todays RNS when he's also the instigator of the 'offer', bit of a conflict of interest to put it mildly. Grammer is chairman he needs to step in although I suspect this has already been thought through.

Grammer has paid more than the current share price and so has his wife and holds a large number of shares.

Doesn't bode well for next week's scoping study which, presumably, Borelli already knows what's coming.

[sweepie2] 25/11/2016 17:46

Another update has to released on Monday surely to steady the ship or this has further to fall as BMR fell heavily today as well

[uknighted] 25/11/2016 17:13

But Alex Borrelli is the Chairman & CEO of BMR!

[10009504] 25/11/2016 17:10

guys stop getting your knickers in a twist this is not going to be sold at that price. the directors have just bought and added to their holdings do you honestly think they will let it go for less than what they recently paid. this is to flush out the share register and to stimulate other offers potentially