Metal Tiger Share Discussion Threads

[paleje] 26/3/2018 09:36

Bots govt are slowing other co's too, not quite the easygoing jurisdiction it appears to be early in projects when looking to suck investment in. But that's not just Africa and companies have to learn to live with it. Investors too unfortunately.

[the deacon] 26/3/2018 06:40

T-REX isn't looking very promising given the overview provided by MOD last night. More delays from Botswanan government have clearly knocked the wind out of the sails too.

[billionaire1] 20/3/2018 23:27

where s abdulla?

[rhuvaal2] 19/3/2018 16:04

Thanks for pointing that out and Terry cannot have sold many or any. As I have said before, he was heard saying that Botswana "is as good as it gets"....

[mogwhy] 19/3/2018 12:57

rhuvaal2 - Terry Grammer is a NED.
His holding is listed on the website.

[rhuvaal2] 19/3/2018 12:06

I wish we knew the current shareholdings of past Directors like Terry Grammer and Paul Johnson which would give us a proper idea about the state of play now.

[paleje] 16/3/2018 10:30

Good news on THR today, US legislation passed will help kick their Nevada tungsten project, I know focus is MOD but MTR's stake in Thor could become significant especially with the option they have to partake directly at project level.

[uknighted] 15/3/2018 11:51

RNS more MOD shares purchased.

[paleje] 14/3/2018 10:55

Antofagasta today reaffirmed what has been said by others, copper deficit and robust prices for a decade. Big projects in short supply.



A global shortage of large-scale new copper mining projects, combined with strong demand linked to the rise of electric vehicles, will ensure prices remain robust, according to the chief executive of Antofagasta.

Iván Arriagada said that there was constrained supply and strong demand, especially in China.

Chile is the world’s biggest producer, accounting for about a third of production. Antofagasta, which is majority owned by Chile’s Luksic family, and is the world’s ninth largest producer, said that it would raise its dividend by 177 per cent to 50.9 cents.

“We think the outlook is favourable,” Mr Arriagada said. “We have not seen significant discoveries.”

He added that economic growth was fuelling strong demand for copper, which is used in everything from electronics to electric cars, pipes to roofing materials and cookware.

He said that he expected demand for copper in China to rise by 1 to 2 per cent per year, with much of the growth linked to investment in electric cars.

He said that copper was used “more intensively” in the manufacture of electric vehicles than conventional petrol and diesel models.

Antofagasta unveiled a 59 per cent jump in profits to almost $2.6 billion in 2017 as a rise in prices and cost-cutting offset a modest decline in output.

The group, which operates some of the world’s biggest copper mines in Chile and also produces gold and molybdenum, said that overall revenues hit $4.7 billion last year, up 31 per cent on 2016 chiefly on the back of an “increase in the realised copper price”.

Mr Arriagada said that the result was a “testament to the improved copper market and our continuing cost management programme”.

The average copper price on the London Metal Exchange stood at $2.80 per pound, 27 per cent up on 2016 as the commodities market recovered its poise after a long slump.

Mr Arriagada added: “We have continued to invest through the cycle while maintaining our focus on cost discipline and operating performance.”

The company said that production fell by 0.7 per cent to 704,300 tonnes, compared with 2016 while gold output fell by 21.6 per cent to 212,400 ounces. This was because of lower grades at its Los Pelambres and Centinela mines.

However, molybdenum production rose 47.9 per cent year on year. The profit margin rose to 54 per cent last year, its highest since 2012 when the copper price was 30 per cent higher.

Mr Arriagada said the company’s focus was to look to the next phase of its growth, including expansion projects at Los Pelambres and Centinela.

Analysts at Shore Capital said that the company was well positioned amid forecasts that the global copper market will be in deficit from next year. Supply from existing mines is deteriorating because most of the easily accessible, high quality ore has been extracted.

Many big mines are now producing lower quality material than in the past while a lack of new investment means only a handful of big new projects are likely to come online within the next decade.

[dreamtwister] 09/3/2018 13:13

forest/lse.........paydirt

[the deacon] 06/3/2018 08:03

Should be significantly down today. Although MOD raised some good money there was no mention of Sprott supporting it. Whether the institutions become known remains to be seen. MTR will have to stump up a significant amount of cash as part of their 30%

[paleje] 06/3/2018 00:17

The MOD raise for AUD 18m was at a 10% discount, oversubscribed not surprisingly at that level with the stock already at a 12 month+ low. Aussies don't sound happy so far.

[billionaire1] 05/3/2018 23:43

not much upside here for a while after the large amount of new shares put into circulation today

[joshondale] 04/3/2018 06:32

I have always thought they would be trading consistently above 10p.

[cathuk] 04/3/2018 06:26

Plenty of chat on the LSE forum seems quiet on here?

[cathuk] 04/3/2018 06:25

Only just checked the SP, does anybody have a target price here?

[dreamtwister] 03/3/2018 15:10

zinc to add to the portfolio."60km zinc" towards the end of presentation.

mod trading halt ! rns on its way with a up grade to the sp?

[vish65] 02/3/2018 15:53

yes 12 inches

[royalalbert] 02/3/2018 15:49

hmmm something afoot I think.

[orchestralis] 02/3/2018 15:47

Chips are about £1.50 around here

[tsmith2] 02/3/2018 15:45

cheap as chips

[orchestralis] 02/3/2018 15:40

Strong rise this pm