ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

MTR Metal Tiger Plc

9.06
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metal Tiger Plc LSE:MTR London Ordinary Share GB00BMQC0691 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.06 8.00 10.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Metal Tiger Share Discussion Threads

Showing 10026 to 10047 of 10050 messages
Chat Pages: 402  401  400  399  398  397  396  395  394  393  392  391  Older
DateSubjectAuthorDiscuss
07/2/2024
10:55
https://www.asx.com.au/markets/company/SRT
livewireplus
07/2/2024
10:40
anybody know whats happening to those shares
what price now and are they tradeable

billionairepaddy
11/9/2023
08:02
"Promising potential for Metal Tiger's stock."
rickowensun
11/9/2023
07:38
Strata responded well in Australia this morning Up 22%. Let’s hope this is the rerate finally starting. I had been waiting for ST to update on this for some time as he recommended control hold when it moved to Australia.
888icb
11/9/2023
01:22
"Promising potential for Metal Tiger's stock."
juan149
11/9/2023
00:14
"Promising potential for Metal Tiger's stock."
rickowensun
10/9/2023
17:55
"Promising potential for Metal Tiger's stock."
coreyhawkins
10/9/2023
17:31
"Promising potential for Metal Tiger's stock."
mikemadison
09/9/2023
21:16
"Promising potential for Metal Tiger's stock."
rafaelwalter1
09/9/2023
20:48
"Promising potential for Metal Tiger's stock."
danheynoskiv579
08/9/2023
17:52
Continued:

Strata held 4.8mn shares worth £15mn at the end of June 2023 and has since sold 3.5mn shares for A$22.1mn (£11.3mn) which have been used to pay-off A$12.2mn of collateral loans. It leaves the company with net cash of A$9.9mn (£5mn) and 1.36mn retained Sandfire shares worth A$8.9mn (£4.6mn) which back up 62 per cent of Strata’s market capitalisation of $30.4mn (£15.5mn).

Moreover, in the past few weeks, Sandfire has secured an extension to the Mining Licence for the Motheo Copper Mine (including the A4 Deposit), marking a major step forward in the Motheo expansion project which includes the A4 Deposit over which Strata has a two per cent uncapped Net Smelter Return (NSR). Strata also has a $2mn capped NSR over the T3 Open Pit which it expects to receive proceeds from by the year-end.

Development and mining of the A4 Deposit is expected to commence in the next quarter of Sandfire’s 2023-24 financial year, so expanding the mining footprint that currently encompasses the T3 Open Pit. It will see processing capacity increase from an initial rate of 3.2mn tonnes per annum to 5.2mn tonnes within months, ramping up thereafter. Sandfire’s managing director and chief executive, Brendan Harris confirmed the importance of the extension, noting that “it is a critical step for our newest mine and we look forward to seeing the higher grade A4 Pit contribute to the expanded Motheo mining complex.” Harris expects it to produce more than 50,000 tonnes of contained copper in the 2025 financial year. That's around $422mn of revenue at the current market price.



Cash and Sandfire interests exceed market capitalisation
This is hugely important to Strata. That’s because the company’s uncapped NSR has a book value of A$21.2mn (12.5c) and accounts for 39 per cent of NAV at 31 July 2023. It is likely to be worth far more as output from the A4 Deposit ramps up, a point that Strata’s share price simply fails to reflect. In fact, the combined value of the two NSRs, net cash and the holding of listed Sandfire shares are worth A$42mn, or 38 per cent more than Strata’s market capitalisation of A$30.4mn alone.

So, although Strata’s shares have yet to re-rate as I had anticipated (‘A change of listing could make this stock a bargain’, 6 March 2023), I feel that resource-hungry investors in Australia are likely to cotton onto the value on offer when Sandfire ramps up output at the expanded Motheo mining complex. Strata’s 44 per cent share price discount to NAV and the improved risk profile following the de-leveraging of the company's balance sheet has made the shares a buy.

888icb
08/9/2023
17:49
A cash-rich stock on a huge discount

This company’s cash is worth 38 per cent more than its market value alone
September 7, 2023
By Simon Thompson
First half pre-tax loss of £4.9mn mainly due to losses on three holdings
Part disposal of Sandfire shares wipes out borrowings
Net cash, retained Sandfire shares and smelter royalties worth more than market value
44 per cent discount to NAV.
Strata Investments (ASX:SRT -18c) has released its first set of results since the investment company de-listed its shares from London’s junior market in March 2023.

Formerly known as Metal Tiger, the directors have been cleaning up the company’s balance sheet, exiting 10 passive investments and partially exiting a further nine investments, realising £6.5mn of cash proceeds in the process and crystalising a small loss of £24,000. However, the reversal in the share prices of three Australian Stock Exchange-listed resource companies was the main reason for the first half pre-tax loss of £4.9mn.

The holdings are Cobre Pty (ASX:CBE), a company that acquired Metal Tiger’s interest in Kalahari Metals, Southern Gold (ASX:SAU) and Armada Metals (ASX:AMM). Combined they were marked down in value by £2.9mn and accounted for £4mn of Strata’s net asset value (NAV) of £27.7mn (16.35p, or 31.1c) at 30 June 2023. The three holdings have since lost a further third of their value despite promising news flow.

For instance, Cobre has announced the discovery of a significant copper anomaly at its Kitlanya West Project in Botswana, and its Ngami Copper Project (NCP) has confirmed its potential as an in-situ leaching copper mining opportunity. The company intends to release an Inferred Resource and Exploration Target Category modelling results in the coming weeks, which will provide further insight into the project’s scale and potential avenues for expansion.
Positive news on smelter royalties
The good news is that Strata’s largest holding, Australian Stock Exchange-listed Sandfire Resources (ASX:SFR), has more than made good that paper loss, hence why the company’s latest net tangible asset value has risen from A$52.8mn to A$53.8mn (£27.9mn, or 31.75c a share) since the half-year end. Sandfire is a mid-tier A$3bn (£1.5bn) market capitalisation mining and exploration group that is developing the T3 Copper-Silver and A4 projects in Botswana’s Kalahari Copper Belt.

888icb
10/7/2023
13:02
Such a shame that you have to. Good luck and keep us posted.
wsm812
10/7/2023
12:47
No, but for IG holders, i've now made a formal complaint to their compliance dept, and said i'll be raising the issue with the ombudsman after that if there is no progress
jdh1602
10/7/2023
11:09
Any update from H&L holders?
wsm812
24/6/2023
05:08
could anybody please tell me the current value of 30000 m t r shares in sterling
billionairepaddy
22/6/2023
17:04
It’s been shown in my wife’s ii SIPP with a price in Aussie dollars for a number of days now. There is a little volume on occasions and during this month it has risen from 0.18 to 0.20. It will be interesting to see what happens when some decent news lands.
888icb
22/6/2023
14:33
Strata now showing with value in ii ISA Can be bought and sold by market or limit order.
Charges seem to be reasonable.

oldmill
19/6/2023
06:52
Good to see Strata Up 8.3% this morning to 19.5.
888icb
08/6/2023
12:49
Still no correspondence from H&L - I have messaged them today again.

Catabrit, have they been kept within your ISA wrapper....if you had them in there to begin with of course.

wsm812
08/6/2023
12:44
Still no luck for me at IG Markets...but that's encouraging news!
jdh1602
08/6/2023
11:46
Interactive Investor.
catabrit
Chat Pages: 402  401  400  399  398  397  396  395  394  393  392  391  Older

Your Recent History

Delayed Upgrade Clock