Metal Tiger Share Discussion Threads

[charaxes1] 20/9/2024 11:05

Interesting to note that SRT's largest equity holding (approx 24%), Cobre, listed on the ASX has this morning gone into a trading holt, pending release of a material transaction involving some of their Botswana copper assets. It could be the announcement of a JV with BHP following the XPLOR program that Cobre were awarded earlier in the year? I guess we will know by Tuesday. Hopefully the announcement will have a positive impact on Cobre's share price and in turn on SRT's NAV. This will probably make SCP wince!

[charaxes1] 14/9/2024 18:51

Good point.

[888icb] 14/9/2024 17:51

The shares in SVML should prove to be a very good investment.
This is the end of a recent analysis of SVML by Charles Archer:
“ Third, while SVML retains the operational competence to build the mine and is therefore itself the competitive tension with Rio Tinto, this pilot plant is very clearly the due diligence the major needs to see completed on the deposit before making an outright offer.

While Sovereign may protest that this is all simply to accelerate and improve their own DFS, Rio’s version of a DFS will be in a different class to the junior, and it will want to take the reins before we get to this stage.

My prediction is that Rio Tinto will make a full takeover offer within the next 12 months. I think it's worth finishing with a quote from legendary resource investor Rick Rule, in a recent interview with the company's Chief Commercial Officer:

'What you need to understand, is that ultimately, a deposit this size acquires strategic value. If it sells, it will sell at a premium to net present value because the users understand the critical importance of a deposit of this size and scale.'

The net present value, before any improvements, stands at a little over $1.6 billion”
If Rick Rule is right,which he usually is SVML is at least a 5 bagger on a takeover. So if we say SCP’s shares in SVML are currently worth circa £300000, on a takeover by Rio they would be worth £1.5 million. Looking very positive.

[charaxes1] 14/9/2024 15:15

With the upward revaluation of the royalty and the resulting increase in SRT NTA I imagine SCP will not be exactly delighted!

[charaxes1] 13/9/2024 09:43

Interesting to also note that SCP Resource Finance were the co lead in the large GGP capital raise.

[888icb] 13/9/2024 09:22

As a point of interest I noticed in an RNS from SVLP this morning that alongside Rio receiving shares so did SCP:
“ Sovereign Metals Limited (ASX: SVM, AIM: SVML, OTCQX: SVMLF) (Sovereign or the Company) advises that it has issued 2,326,880 fully paid ordinary shares (Shares) in the capital of the Company, comprising of 1,290,392 Shares issued to Rio Tinto Mining and Exploration Limited (Rio Tinto) and 1,036,488 Shares issued to SCP Resource Finance, as an advisory fee of 3% on the amount of Rio Tinto's option investment in July 2024 (refer to Company announcement on 3 July 2024).

An application will be made for the Shares to be admitted to trading on AIM (Admission) and it is expected that Admission will become effective on or around 19 September 2024.”
Rick Rule is a shareholder in Strata and the largest shareholder in Sprott. Sprott is a large shareholder in SVML.Rick Rule is only interested 10 bagger probabilities. This Strata aquisition looks very promising and as a holder of Strata and SVML I am feeling confident that both will do well.

[bagpuss67] 12/9/2024 19:20

Some further discussions on Hot Copper and still mixed views....

[shieldbug] 12/9/2024 16:05

What is it a reverse take over to float a portion of Sprott? Oh man...

[bagpuss67] 27/8/2024 06:08

Suspended until Jan 25! Mixed views on Hot Copper chat..

[livewireplus] 27/8/2024 06:04

STRATA INVESTMENT HOLDINGS PLC TO ACQUIRE SCP RESOURCE FINANCEhttps://www.listcorp.com/asx/srt/strata-investment-holdings-plc/news/acquisition-of-scp-resource-finance-3073880.htmlThe Company's securities are currently suspended from quotation on ASX and, subject to shareholder approval being obtained, will remain suspended until the Company has re-complied with Chapters 1 and 2 of the ASX Listing Rules and the Acquisition has been completed

[bagpuss67] 27/8/2024 05:33

All going off at Strata!

[billionairepaddy] 05/6/2024 10:28

we got shares in sandfire resources when m t r moved to australia
sandfire pay a dividend every year but never hear if it s paid to us or what happens to payment

[888icb] 05/6/2024 10:27

A few days ago I was just in profit for the first time but it has pulled back again. I listened to the Rick Rule interview and that together with the Simon Thompson article made me decide to buy more. I was prevented from doing so by II on Monday which as it turns out has done me a favour so far!

[shieldbug] 05/6/2024 10:09

If only it were a case of running gains. My recollection was the share price tanked when they announced leaving AIM and never recovered. I still hold and will be thankful if I get my money back. There is though a reassuring interview with Rick Rule from last week on Youtube that gives me some hope that they haven't just stolen shares from AIM holders. Which ever way you look at it depository receipts are not shares. I wouldn't trust them with more of my money.

[888icb] 04/6/2024 22:03

Thank you for your response. I have sent an email to Strata.

[charaxes1] 04/6/2024 18:50

Hi 888ICB it would be an online Australian Brokerage Account

[charaxes1] 04/6/2024 18:42

Hi 888ICB yes this has been an issue! I don’t think any broker in the UK now allows the purchase of Strata shares. No problem selling! I did hear that A J bell allows existing clients to purchase. Not sure what the current steer is for new clients. I know a number of shareholders have been helped to set up online brokerage account by Strata. Perhaps send them an e mail.

[888icb] 04/6/2024 17:34

Can any Strata shareholders help with a problem regarding buying Strata Shares. My wife held MTR in an Interactive Investor SIPP and allowed it to be converted to a Strata. Last night I tried to buy more but it would not process the transaction. I rang II today who said that because of the structure of Strata Holdings II don’t facilitate buying Strata. It’s fine to hold it in the SIPP and sell it but I can’t buy any more. Has anyone else encountered this problem with II or other brokers and do you know which brokers will allow you to buy Strata. Many thanks.

[888icb] 30/5/2024 07:47

I had been thinking about contacting Simon Thompson to ask if he was going to do an update but he has done it anyway. It makes very good reading and I will definitely continue to hold. I am actually considering adding some more before Q3 as the blue sky potential involving the 2 hottest commodities copper and silver is very attractive to me.

[charaxes1] 30/5/2024 07:28

Thanks for posting the article 888ICB

[888icb] 30/5/2024 07:06

The article continues:
“ Blue sky potential
The company’s chief executive Michael McNeilly has a point when he says that “we hold a one-of-the-kind copper-silver royalty interest with substantial blue-sky potential and clear near-term value catalysts”.

For instance, the first ore from the A4 project is on track to be delivered to the Motheo processing plant in the third quarter of 2024 and Sandfire has now completed a programme of 29 drillholes at A4 to test for dip and strike extensions of the known mineralisation. In addition, the valuation of the A4 project uncapped NSR embedded a medium-term copper price of $9,605 per tonne and a resource size of 9.7mn tonnes, both of which should have material upside to drive up the value of the royalty.

It’s certainly good news for shareholders, many of whom will have bought shares on my advice when the shares were previously listed on AIM under the name Metal Tiger prior to the transfer of the listing to the ASX (‘A change in listings could make this stock a bargain’, 9 March 2023) and continued to hold when I covered the annual results (‘Is this mining investment company still worth holding?’, 18 March 2024). The share price has risen 50 per cent since then and now trades in line with a conservative-looking TNAV of 27.4c.

I expect further share price upside as more investors cotton onto the hidden value in Strata’s NSRs, so I would run your gains. Hold.”

[888icb] 30/5/2024 07:04

Simon Thompson has done an article today:
“ These shares are up 50% in a month – can the rally continue?

The buoyant copper price and a potentially lucrative new venture have finally sparked the share price into action
May 29, 2024
Sandfire Resources reports important resource estimate
Potential for material uplift in Strata’s net smelter royalty
Copper price surges 22 per cent to all-time high since 1 April
Strata share price rises 50 per cent in May
ASX-listed shares in natural resources investment company Strata Investments (AU: SRT – 27¢) have been on a tear in the past month.

This is in part due to the strong copper price. It is also because Australian Stock Exchange-listed Sandfire Resources (ASX:SFR), a A$4.3bn (£2.2bn) mining and exploration group that is developing the T3 Copper-Silver and A4 projects in Botswana’s Kalahari Copper Belt, has reported a maiden Inferred Mineral Resource at the nearby A1 copper-silver deposit – and Strata stands to benefit.

Located 20km northeast of Motheo Copper Mine, the A1 deposit comprises 5.6mn tonnes at 1.3 per cent copper and 10 grams per tonne of silver, equating to 73,000 tonnes of contained copper and 2mn ounces of contained silver worth around $845mn at spot prices. Sandfire chief executive and managing director Brendan Harris sees "real potential for the resource to grow as we increase drillhole density and test the open extent of the orebody".
Based on Sandfire’s experience in the Kalahari Copper Belt, it is highly likely that the deposit could be mined as an open cut operation. This not only enhances the financial viability of the A1 project, which already benefits from its proximity to Sandfire’s processing facilities, but should expedite production timelines, too. With the copper price trading close to an all-time high of $11,440 per tonne, and strong fundamentals supporting a high price, expect the A1 project to be given the green light in due course.

It is a significant development for Strata which holds a 2 per cent uncapped net smelter return royalty (NSR) across an area covering 8,000 square kilometres of Sandfire’s mining projects, including both the A1 and A4 projects. The NSR on the A4 project accounted for $22.6mn (£11.8mn) of Strata’s net tangible asset value (NTAV) of $46.4mn on 30 April 2024, so it is an important asset.

The maiden resource estimate on the A1 project not only supports the potential for royalty revenue from future mining operations, but it will also increase the value, marketability and potential sale price of Strata’s royalty interest. It could be material for shareholders given that the NSR over the A1 project is not included in Strata’s NTAV.

[charaxes1] 29/5/2024 07:55

Agreed 888ICB. News imminent from CBE on a number of fronts. Also Strata have stated that they have been working on a corporate transaction for sometime.

[888icb] 29/5/2024 06:48

Strata had another good day Up 6% to 0.265 no doubt influenced by the 12.66% rise at Cobre to 0.089. It is interesting to note that the Year to Date rise of Strata is 60.6% and of Cobre is 102%.

[billionairepaddy] 28/5/2024 09:42

how many shares in sandfire will i have got for 15000 m t r shares
tks for info in advance