Metal Tiger Share Discussion Threads

[temmujin] 08/3/2017 07:18

What a Buy signal!Today 04:37Welcome MiningBookGuy

Loved the video too. In it you mentioned how MTR might be a better investment than MOD right now, given the possible under-valuation of MTR. I'm not about the run down MOD, but here are some numbers that hopefully illustrate just how undervalued MTR is at present (based on MOD at 6.9c - I see it's just ticked up to 7.0c):

MTR owns 30% of the JV; and owns 5% of MOD, through its shareholding. All of MOD's share price growth since last March is based on exploration results from the Botswana JV area.

MOD's current MCAP is $112.5m or £69.7m (using 0.62 AUD to 1 GBP).
- If we assume MOD is "correctly priced" then MTR's 5% share is worth £3.5m
- If we assume 90% of MOD's MCAP relates to the Botswana JV, then the MOD 70% is worth £62.8m
- On that basis, the MTR 30% of the JV is worth £26.9m (£62.8m * 30/70)
- That gives a total MTR MCAP of £30.4m just relating to Botswana (£3.5m plus £26.9m).

MTR's current MCAP is £17.9m, which means the market is valuing it at £7m less than the estimated value of its share of the Botswana JV alone; and valuing its interests in Thailand, Spain and Russia at zero; and ignoring MTR’s holdings in about ten other mining companies which, together (based on their own MCAPs), are valued by the market at about £2.5m.

A good value investment case, I think.

Casey

[temmujin] 08/3/2017 00:38

I think there will be alot of yanks piling into MTR today judging by what i'm getting from across the pond...happy days!

[temmujin] 08/3/2017 00:15

MOD up and runningToday 00:11step by step to new highs, lets hope that continues for the forseeablle

MOD asx <> 6.7c <> up 1.52% <> vol 2,733 m

MOD chi-x <> 6.8 <> up 3.3% <> vol1.667m

[temmujin] 07/3/2017 23:48

nice research
MOD Resources - Maybe the closest thing to Ivanhoe's Kamoa-Kakula out there!

[rodrod1] 07/3/2017 14:04

MOD = 5m Aus$ in the till LOL.

[lazygun] 07/3/2017 10:45

Not that big a cash drain really....

Worst case, they'll simply undertake a proportionate sale of some of their trading assets as required...

L.

[defcon3] 07/3/2017 07:46

That is a big cash drain and MOD will be raising again soon too

[temmujin] 07/3/2017 07:41

DEFON..doubt it...profits from ECR and thor should cover that...nice try mate!

[defcon3] 07/3/2017 07:35

"Separate to the pre-IPO fund raise, since 1st January 2017 to date, Metal Tiger has provided funding of approximately GBP590,000 to the Thai JV to cover working capital and advisers' costs. Metal Tiger will likely contribute further moderate sums to support the Thai operations between now and completion of the Kemco Mining IPO."Another placing around the corner then

[temmujin] 07/3/2017 07:32

Metal Tiger plc Thai JV Spinout and Update on Thai Minerals Act

07/03/2017 7:24am
UK Regulatory (RNS & others)

Metal Tiger (LSE:MTR)
Intraday Stock Chart
Today : Tuesday 7 March 2017



TIDMMTR


Metal Tiger Plc


("Metal Tiger" or the "Company")


Thai JV Spinout and Update on Thai Minerals Act


Metal Tiger Plc , the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to advise that the Company has completed a successful pre-IPO private placing with High Net Worth and Sophisticated Investors for KEMCO Mining PLC ("KEMCO"), which will be the listing vehicle for the Company's Thai JV.


Highlights:



-- Placing of 514,500 fully paid Warrants to subscribe for one ordinary
share each in KEMCO upon successful admission to AIM, at a 20%

discount to the admission price, raising gross proceeds of GBP514,500


-- Contingent upon successful admission to AIM, a further warrant to
subscribe for ordinary shares in KEMCO at a 50% premium to the

admission price within a 24 month exercise period. These further

warrants are to be issued on a one for one basis by reference to the

number of KEMCO shares issued as a result of the placing warrants


-- Should the admission of KEMCO not occur by 13 October 2017, the
warrants will automatically convert into Metal Tiger shares by

reference to the 15 day VWAP following this date, less 20%


-- Should MTR announce via RNS that the IPO of KEMCO will no longer
occur, the warrants will automatically convert into MTR shares by

reference to the 15 day VWAP following the date of the announcement,

less 20%


-- Participation of both MTR Directors and prospective KEMCO directors,
along with employees of both companies totalled GBP67,000 (MTR Directors

participated for GBP35,000)


-- Strong support from existing MTR shareholders

-- Proceeds to be used to fund IPO costs and for ongoing working capital
of Thai operations


Separate to the pre-IPO fund raise, since 1st January 2017 to date, Metal Tiger has provided funding of approximately GBP590,000 to the Thai JV to cover working capital and advisers' costs. Metal Tiger will likely contribute further moderate sums to support the Thai operations between now and completion of the Kemco Mining IPO.


Thai Minerals Act


Metal Tiger PLC is also pleased to announce that the new Minerals Act has been signed by the King of Thailand and will be in force on 30 August 2017. The signing of the draft and its subsequent implementation has come quicker than we had previously anticipated, removing a key element of timetable uncertainty in the permitting process. We are pleased that our Thai partners will be in a position to make submissions to the relevant authorities at an earlier date and have full confidence that they will make the strongest possible case for the permitting of both Boh-Yai and Song-Toh historical mines.


Michael McNeilly, Chief Executive Officer of Metal Tiger plc, commented: "We are delighted to have closed this pre-IPO funding round for KEMCO which has received strong support from existing MTR shareholders and the directors and employees of both companies. This demonstrates a confidence in the quality of our Thai JV assets and their potential as a standalone entity and creates a solid foundation for the IPO.


We are also very pleased the new Minerals Act has been signed ahead of expectations. This demonstrates the Thai Governments long term commitment to the extractive industry. We look forward to continuing to work closely with our Thai JV partners to make the IPO a success."


Metal Tiger Directors Investment


Name Amount Invested Warrants Received
Charles Hall GBP25,000 25,000
Michael McNeilly GBP5,000 5,000

[temmujin] 07/3/2017 00:25

i see mtr have a nice 3 bagger in thor mining...they bought at around 0.3p £100k's worth...thor went up 43% yesterday pending an announcement on 8th march

[temmujin] 06/3/2017 23:52

MOD up another 5% tonight...MTR should be around 3p ...get in early tomoro!

[graylyn1] 06/3/2017 21:37

MOD breakout.

[temmujin] 06/3/2017 20:21

I SOLD at 2.65p in the morning...bought back at 2.4p...alot of manipulation here by the mms...should rise tomoro especially if MOD do another big rise tonight,just got to buy early tomoro first thing...good trading share this

[scarymonster] 06/3/2017 16:11

So much for todays good news with everyone running for the door as soon as we get a few points of a penny rise.

[scarymonster] 06/3/2017 16:10

I think advfn replaces with the hxxp by default now.

[red nutter] 06/3/2017 16:01

yes sorry could not paste properly

[scarymonster] 06/3/2017 14:31

replace hxxp:// with

[graylyn1] 06/3/2017 14:30

link does not work?

[red nutter] 06/3/2017 14:23

A lot of upside here according to :-

hxxp://breakingfinancenews.com/investing/vsa-capital-recorded-metal-tiger-plc-lonmtr-maintaining-its-target-price-at-5-68gbx-earlier-today/196135/

[scarymonster] 06/3/2017 13:26

I topped up this morning should have waited but never mind... hopefully we will move on and upwards soon.

[activeservo] 06/3/2017 13:16

Looking to top up before this afternoons rally...

[lazygun] 06/3/2017 02:19

People just don't get at all how big this asset is becoming...



L

[rodrod1] 06/3/2017 00:11

(With thanks to Freeheel/HC)

Fantastic Ann. From Fig. 1 it looks like they have already found this new zone over a 400m strike. How often do you get someone of Julian Hanna's calibre and experience saying the results are "simply outstanding" and talking about the possibility of substantial resource upgrades?

Also great to see they now have 4 diamond drill rigs now testing this new zone, so we will have regular newsflow just as we did at the start of the T3 programme last year. They should keep interest high. Interesting to see them extending 56D too - should make rapid newsflow on this new deposit.

Personally I think this also must increase the potential of finding other T3-type deposits along strike. They've got a mineralised zone of 150m, made up of multiple mineralised horizons stacked one upon the other - no way this is not extending west and east of T3 along the regional thrust imho. I hope they've still got a diamond drill testing those new IP targets too - could be another surprise out of the blue.