Metal Tiger Share Discussion Threads

[charaxes1] 26/6/2019 20:00

I could go on Lazygun! The Chairman of MOD was basically a glorified Co Sec. He was not able to control the BOD let alone manage JH. MTR well shot of that relationship! Who knows another bid may come in!

[lazygun] 26/6/2019 19:56

So disappointing if that’s the case.

WhT a complete fk up of a deal

L.

[charaxes1] 26/6/2019 19:18

Yes I heard that and I am sure Karl will get rid of him pdq! The London listing was a vanity project. They should have had a London capital raise to improve liquidity. They did not. Stef the Finance guy was way out of his depth!!! Frankly I would have preferred a Board spill of MOD! MTR were clearly caught between a rock and a hard place!

[lazygun] 26/6/2019 19:14

And I hear that Julian Hannah is being retained by sandfire as an employee.....

L.

[lazygun] 26/6/2019 19:12

If tht is the case, it’s so disappointing theybcome to the shareholders first.

I’d have handed over cash for shares if it meant mod retaining control.

So so disappointing..

[charaxes1] 26/6/2019 18:59

Hi Lazygun I agree the KCB is a fantastic prospect. The MOD Board just lost the plot! Julian Hanna and Stef the Finance person should have lost their jobs for shear ineptitude!

[charaxes1] 26/6/2019 18:41

Hi Lazygun. MOD ran out of cash! They mismanaged the prospect. There are no further deals on the table. MTR has to vote with the other institutions. The alternative would be heavy dilution at discount prices. Time for a miner with deep pockets and access to the capital markets to leverage its balance sheet.

[lazygun] 26/6/2019 17:57

It’s like I said to someone else. It’s like finding a Rembrandt in a car boot for a fiver, and selling it to someone else for£15 thinking you’ve made a great deal!


L.

[1kiwi] 26/6/2019 14:09

Decent money coming in now, 2 Million buy

[1kiwi] 26/6/2019 09:14

MOD Resources up 5%

[1kiwi] 26/6/2019 08:25

charaxes,

AGM tomorrow,

Drill results due for Thailand and Kalahari, a bit of lithium in Thailand would be a game changer

[charaxes1] 25/6/2019 22:14

Let’s hope so Kiwi. News from KML would also be very helpful. Unfortunately many of these BBS are haunted by people with sponsored agendas!

[1kiwi] 25/6/2019 22:06

2.275 Million Buy, bodes well for tomorrow

[charaxes1] 25/6/2019 21:51

If I was MTR negotiate a 2% NSR with KML ASAP

[charaxes1] 25/6/2019 21:44

Agreed Goldenshare. Not sure what Lazygun’s problem with the deal is. It swaps MTRs exposure with MOD to a highly liquid and well managed exploration and mining company. It retains the 2% NSR. The embedded value of this could be significant in the years to come! In fact very significant. The balance sheet of MTR is improved significantly. Exposure to T 3 and the KCB are retained without further financing. MOD were running out of cash and without suitors the share price would have drifted further and cash calls would have added to the negative sentiment without drill results. MTR will get the benefit of divis from SFR and exposure to SFR’s other projects. It reduces the need for MTR to raise Capital at low share price levels to finance KML. It gives MTR more flexibility with the future management of KML. No need to solicite Farm ins, JVs etc.. to progress progress. MTR has greater control over KML than MOD. What’s not to like!

[goldenshare888] 25/6/2019 17:09

A realistic and pragmatic view I would say.

[lazygun] 25/6/2019 16:05

Sadly catsick, you’ve demonstrated a very short term and narrow minded view....

L.

[catsick] 25/6/2019 13:54

Mtr have made it pretty clear that they have made a decent return on the investment and are happy to swap it for shares in sandfire who have the capacity to fully develop it, its not worth billions the mod shares were tradeing at 20 aud cents before sandfire came to them, much better have it developed with no dilution than endless placings and mtr can use the cash to find some more cheap stocks

[lazygun] 25/6/2019 12:55

If I wax Rick rule and sprott, I’d be livid....

L.