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Metal Tiger Share Discussion Threads
Showing 7401 to 7425 of 7425 messages
|1,000,000 late trade looks like another Buy|
cool hand kev
|soon as mod release assay results,then substance not subsidence to the sp,further drlling updates will build the foundations to the sp|
|500k buy is it SP's time to turn?|
cool hand kev
|Could do with the Thai IPO update being issued tomorrow or Tuesday. Mod stabilised overnight on asx|
|does m t r have any stake in mariana resources|
mod annual report|
one of their investments, isn't it?|
|Hello, I followed the old Hanna and Direct story but only just discovered that MTR is working a different area with better geology. I am impressed that Sprott are so involved. I have just read the MOD news above. Looks good.
My problem is about the directors and who is running the company; not that I know anything against them. What is the involvement of Paul Johnson? He was there, then he left, but is now back. Is this a good thing?
Perhaps you can refer me to earlier posts or other sources where this has been discussed.
Thanks in advance, john.|
|Australian market does nt seem to be very enamoured with the latest results|
Exciting times ahead!|
|Next run up will be the roaring LION.......watch that space|
|HotStockRockets recommends buy MTR
On tipping shares in Metal Tiger (MTR) earlier this month, we noted an oversubscribed (initially £3 million, but then £4.29 million) fundraising through well-known North American natural resources name Sprott. Tiger has now announced the closing of the funding…
It reports £4.39 million raised through Sprott and a further £0.46 million from the UK – at the previously noted 3p per share, with each share having an attached warrant exercisable at 6p for five years.
The shares had been slipping back as an initial 17th April closing date for the offering run by Sprott approached then went, but are currently recovering to around 3p – capitalising the company at £28.7 million.
It emphasises it “is now well positioned to advance its main direct project interests, in particular matching its important 30% contribution toward the JV in Botswana both in regards to further exploration and to the T3 project as it moves up the development curve”.
As noted in the initial recommendation, the funding suggests returning appetite in this sector and we consider there upside to 4p+ here as further news flows from Botswana, the Thai assets IPO and further developments. At up to 3.3p, the stance remains buy.
|Now MTR is focussing on its two core projects and is cashed up we should see some real value appreciation from here on in.|
|I have millions of these having sold some @ 5.8p... I shall sell into above that: good luck all|
|paul johnson @pauljohnson9691 · 3 minutes ago
#MTR now even more undervalued. £4.85m financing clears the way for growth without investor placing fears. Market wrong here imho.|
|After all that a pretty good result for these guys. More money at a decent price and a serious investor that lends some credibility. Be surprised if that doesn't consolidate the upward trend.|
|Well Sprott have done as asked, so funding in place. Now we await news. Fingers crossed|
|Come to join you here. Target short term: 4p. Modest enough for some; more than sufficient for me.|
|Due diligence by Sprott; institutional support from North America; raised over 50% more than original £3m target; recent drilling results evidenced good copper/silver content; multiple assay results due to be reported to confirm those drilling results; ongoing drilling across the acreage; onsite lab (staffed independently to JV) to provide more rapid assay findings for future wide ranging drilling campaign.|
|Nothing wrong with banking a profit
|Sold the rest of mine today at 3p ....got 3.2 previously. Been a great run and will be watching closely. Good luck holders.|
|Excellent news. Now the rise can continue.|
|Sprott Private Placement Closes raising �4.85m
Metal Tiger plc
Metal Tiger Plc
("Metal Tiger" or the "Company")
Sprott Private Placement Closes raising �4.85m
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that, further to the announcements on 29 March and 18 April 2017, it has closed its private placement offering, run by Sprott Capital Partners (Sprott), raising a total of �4,390,000 through Sprott and a further �460,000 through a placing and subscription of shares in the Company.
This represents the largest fundraise by the Company to date.
• Placing of 161,666,666 new ordinary shares in Metal Tiger at a placing price of 3p per ordinary share (the Placing Shares) raising gross proceeds of �4,850,000.
• Issue of 161,666,666 warrants to subscribe for 1,666,666 new ordinary shares in Metal Tiger at an exercise price of 6p per warrant, within a 5 year exercise period.
• Sprott to receive 4,850,000 Finder Warrants equal to3.0% of shares issued under the Placing. Each Finder Warrant permits the purchase of one Warrant Share for five years from the Closing Date at a price of �0.03 per unit. Upon exercise of a Finder Warrant, Sprott will be entitled on a 1 for 1 basis to a 6p warrant with a 5 year validity. In the event that Sprott exercised all of its 3p warrants it would be entitled to a further 4,850,000 warrants at 6p with a 5 year validity.
• Placing taken place at a circa 9% premium to the previous day closing price.
• Placing includes UK and international investors, with �460,000 coming from the UK with the international funds coming primarily from institutional investors.
• Largest fund raise to date for Metal Tiger providing funds for the Company to advance its interests across its mining portfolio of assets in particular T3 in Botswana where Metal Tiger has a JV with MOD Resources, and an economic interest of 30% in the T3 project.
Michael McNeilly Chief Executive Officer of Metal Tiger commented:
This is a significant moment for the Company raising �4.85m with the majority coming from institutional investors. The level of institutional support has been extremely satisfying and is demonstrable of the maturity and evolving nature of the business since the beginning of the financial year.
Metal Tiger is now well positioned to advance its main direct project interests, in particular matching its important 30% contribution toward the JV in Botswana both in regards to further exploration and to the T3 project as it moves up the development curve through PFS, DFS and ultimately to a decision to mine. This raise also gives Metal Tiger greater comfort with regard to the spin out of its Thai assets.
On behalf of the Board I thank all our existing and new shareholders for their support and we look forward to updating them further as we deliver material value.
The Placing Shares are expected to be admitted to trading on or around 27 April 2017. Following the issue of the 161,666,666 Placing Shares, the number of ordinary shares in issue in the Company will increase to 955,541,843 ordinary shares with one voting right each. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 955,541,843 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.|
|Thanks for the link DT.. GLA HOLDERS.|