Metal Tiger Dividends - MTR

Metal Tiger Dividends - MTR

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Metal Tiger Plc MTR London Ordinary Share GB00BMQC0691 ORD 0.1P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 19.75 08:00:21
Open Price Low Price High Price Close Price Previous Close
20.00 19.75 20.00 19.75 19.75
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Industry Sector

Metal Tiger MTR Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

lazygun: I’ve been in Mtr since Brady ecploration days. My comments around possible price retracement are purely from a technical standpoint. The 20p level has been a key support level for a long time now, and it’s just broken down through it. Next few days will be critical as to whether this is now confirmed as a new resistance level or whether it rebounds back strongly above 20p. If it breaks down, then it’s very likely to hit the next support level around the 15p mark. If it breaks down through there then 10p is the next support level. Graphs are easy enough to read L.
lazygun: That was exactly the situation when Mtr had the large holding in mod resources prior to its buy out by sandfire. Yet it dropped to just above a penny for ages.... well below it’s nav then too. L.
lazygun: Something seriously wrong with the vertical scale on the MTr charts..... Aside from that, now dropped below a key support level of 20p. Ne t few days will be key to see if it will bounce from here, or if 20p now becomes a new resistance level. If so, I’m looking for somewhere around 10-15p for a re-entry point... L.
uknighted: Metal Tiger plc ("Metal Tiger" or the "Company") Kalahari Metals Limited: Kitlanya East Update Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to provide an update in respect of the Kitlanya East Project that is operated by the Botswana copper focussed explorer, Kalahari Metals Limited ("KML"), in which Metal Tiger currently has a 62.17% equity interest. Highlights: -- Encouraging progress at the Kitlanya East Project, located approximately 25km southeast of the Sandfire Resources T3 and A4 deposits -- Airborne geophysics and soil sampling results highlight the potential for the South Fold Target to host Cu-Ag mineralisation in a similar setting to the T3 and A4 deposits -- Follow-up stratigraphic drill testing will now be undertaken in the central portion of the target area -- KML anticipates that this will confirm the presence of prospective lower D'Kar Formation stratigraphy, alteration and mineralisation along structures, suitable trap-sites and associated Cu-Ag mineralisation Following completion of the first phase of drilling at the North Fold target, KML has since focused on delineating the potential of the South Fold Target, considered to have significant potential for Cu-Ag mineralisation hosted in trap-sites above the reduction--oxidation ("redox") contact. Regional soil sampling undertaken in late 2019 identified a Cu-Zn anomaly in the centre of the target upgrading the target potential. As such, KML commissioned airborne electromagnetic ("AEM") and magnetic surveys over the Kitlanya East Project, with a total of 946 line km of detailed AEM data collected over the Southern Fold Target on a 200m line spacing. This data was reprocessed and subsequently used to interpret stratigraphic marker conductors, local folding and discontinuities in conductive units, potentially related to alteration associated with mineralisation. Following an independent review of this data, KML is confident in the prospectivity of the South Fold Target and potential for parallels to the structural setting at Sandfire Resources' A4 deposit. In tandem with collection of AEM and magnetic survey data over Kitlanya East Project, drill chips from several historical reverse circulation drill holes have been relogged. The results of this relogging demonstrate correlation between the South Fold Target and parts of the upper portion of the D'Kar or Mamuno formations, providing further support that the target is an anticline with the most prospective (oldest) stratigraphy located in fold hinge, the shallowest portion. With airborne geophysics and soil sampling results highlighting the potential for the South Fold Target to host Cu-Ag mineralisation in a similar setting to the neighbouring Sandfire Resources T3 and A4 deposits, follow-up stratigraphic drill testing will be undertaken in the central portion of the target area. KML anticipates that this will confirm the presence of prospective lower D'Kar Formation stratigraphy, alteration and mineralisation along structures, suitable trap-sites and associated Cu-Ag mineralisation. Michael McNeilly, Chief Executive Officer of Metal Tiger, commented: "The processed results from the Q4 2020 airborne geophysics survey and soil sampling programme highlight the potential for the South Fold Target to host Cu-Ag mineralisation in a similar setting to the neighbouring Sandfire Resources T3 and A4 deposits as corroborated by a recently commissioned independent structural assessment. "With these encouraging results, in the heart of the rapidly developing Kalahari Copper Belt, we look forward to providing details of KML's follow-on drilling activities planned for the Kitlanya East Project." As announced on 15 December 2020, KML has signed a Share Purchase Agreement with Cobre Limited ("Cobre"), which will, following completion of the transaction and subject to obtaining change in control approval from the Minister of Mineral, Energy and Water Resources of the Republic of Botswana, result in Metal Tiger owning a 59.57% economic interest in KML (comprising a 49% direct interest and a 20.72% interest in Cobre, which, in turn, will have a 51% interest in KML) (the "Cobre Transaction"). Cobre is listed on the Australian Securities Exchange
shieldbug: MTR makes its money from mining. It does not make money from marketing. If you look at MTR objectively it is clear that its a complex company to value. If they just invested in publicly traded equities they would be easy to value. The company sees value in investing in royalties, using derivatives, privately owning mining companies. All of these decisions make it difficult to value. No amount of marketing will change that. I say let them get on with it.
keithb1: Shieldbug, your question is irrelevant in the context of MTR. The choice is not between a marketing company and a mining company since MTR does not aim to be either. It is a resources sector investment company and like most, if not all, companies who want to be successful it needs to market itself/its product, and in that area I think it needs to try harder.
shieldbug: Thanks gs. So MTR has a 0.5% indirect interest in ADT?
shieldbug: I see on the other forum investors getting frustrated with MTR. Plenty of criticism of the board for poor marketing of the company and some grumping about salaries. The question is do you want a marketing company or do you want a mining company? Looks to me like the company is working hard at building value. I would like the share price higher - but considering the storming performance of base metals where else can you get a sector bargain like MTR? I doubled my holding since the price dropped in January. Nice.
dreamtwister: rns 27th august 2020 Metal Tiger is currently interested in 6,296,990 Sandfire shares, representing approximately 3.5% of Sandfire’s issued share capital. As announced on 31 July 2020, 2,609,887 of the Sandfire shares held by the Company are subject to an equity derivative financing arrangement with a global investment bank (the “Umbrella Facility”). Accordingly, assuming that Metal Tiger maintains its current interest in Sandfire as at the record date (15 September 2020), Metal Tiger will receive approximately A$516k (approximately £283k) on 29 September 2020, being the dividend due in respect of the Sandfire shares not subject to the Umbrella Facility. The balance of the dividend, being approximately A$365k due in respect of the Sandfire shares the subject to the Umbrella Facility, will reduce the outstanding balance due pursuant to the Umbrella Facility from A$11.765m to A$11.4m. rns 31st july 2020..previous to the above rns As announced previously, the Lender agreed to extend the date on which the Commitment Fee is payable (in the event the total balance outstanding is under A$20m) to 30 September 2020 from 30 June 2020. Following the Fifth Financing Arrangement, the maximum Commitment Fee payable by Metal Tiger is approximately A$82k. The Arrangements are secured over, in aggregate, 2,609,887 Sandfire Shares held by Metal Tiger, representing approximately 1.44% of Sandfire’s issued share capital. Metal Tiger currently holds 6,296,990 Sandfire Shares. mtr will recieve approx £283k 15/9/2020 29/9/2020 the dividend balance A$365 will reduce the unbrella balance from A$11.765m to A$11.4m. 2,609,887 sandfire shares plus $82k commitment fee payable 30/9/2020 expecting news of substance to guarantee the commitment.
lazygun: I highly doubt Mtr will consider consolidation. They don’t need to. All that does is create a negative drag on the share price I think you’ll see Mtr do a rinse and repeat of their assets as they did with mod resources. Kalahari, cobre, etc, they’ll likely wait for these companies to prove up their resources, and then someone like sandfire potentially will buy up those companies. Mtr will get more shares in sandfire, or sandfire equivalent, plus retain uncapped nsr, which sets them up for increasing their long term revenue stream through dividends, and royalty streams, whilst they move onto the next exploration opportunity. With terry grammar passing, I can see Mtr looking to shift their strategy towards buying NSR’s from other explorers in the future. They’ve lost a huge amount of expertise with TG loss, so it could make sense to start shifting their strategy, maybe similar to trident, their latest investment... Wouldn’t surprise me to see Mtr mgt team looking to learn from what trident are doing, and replicate it. L
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