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MTR Metal Tiger Plc

9.06
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Metal Tiger Investors - MTR

Metal Tiger Investors - MTR

Share Name Share Symbol Market Stock Type
Metal Tiger Plc MTR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 9.06 00:00:00
Open Price Low Price High Price Close Price Previous Close
9.06
more quote information »

Top Investor Posts

Top Posts
Posted at 08/9/2023 17:52 by 888icb
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.
Posted at 08/6/2023 11:46 by catabrit
Interactive Investor.
Posted at 03/4/2023 11:19 by sian
fyi: A new thread started on Hot Copper today,search MTR

`Metal Tiger/Strata - UK Investors Thread'
Posted at 30/3/2023 09:44 by wsm812
Now the beast has awoken, investors realising the easy win once this stock has switched.
Posted at 28/3/2023 14:13 by wsm812
I asked BARD to predict if MTR will trade higher once solely on ASX - a very non-commital answer is below:

Based on the search results I have found, it is difficult to predict whether MTR will trade higher on the ASX. The company's stock price has been on a downward trend in recent months, but there are a number of factors that could affect its future performance, such as the strength of the global economy, the price of gold, and the company's own business decisions.

Some analysts believe that MTR is undervalued and that its stock price could rebound in the near future. Others believe that the company is facing challenges that could continue to weigh on its stock price. Ultimately, it is up to investors to decide whether they believe MTR is a good investment.
Posted at 24/3/2023 10:46 by shieldbug
There are two main problems. The first is the sudden delisting which is an immediate problem to most retail investors. But the main problem is the reason why they are doing this. How do you stay invested when you no longer know what the company will do with your investment?
Posted at 16/3/2023 13:18 by source
Market makers making uk investors Life a misery again. No wonder all these companies are leaving uk listings. That said managements idiotic idea to delist has severely damaged value for loyal uk investors & is completely counter to shareholders interests with this thoroughly flawed move.
Posted at 16/3/2023 10:28 by wsm812
This is currently trading at the equivalent of 17p on the ASX - why is it dropping so much? Perhaps investors are unfamiliar with teh trading system in Australia or trading costs or just ignorance all round!

1 AUD = 0.550797 GBP

1 GBP = 1.81555 AUD
Posted at 06/3/2023 21:16 by aqc888
Just featured in investors Chronicle
Posted at 02/3/2023 13:50 by shieldbug
The name change from Metal Tiger to Strata Investment Holding is interesting. It certainly does not look like a company name designed to attract the attention of retail investors. It's a bland, rather anonymous name. Perhaps like the the subsidiary of another company, or a shell.

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