Metal Tiger Share Discussion Threads

[trumpingtonsmythe] 30/5/2020 10:54

As I said investment arm seems to be focussed on good opportunities now and more importantly is finding them to invest in with the Sandfire Shares loan.Just need the drilling results to be as expected or better and it?s off to the races as long as the metal price holds up.It's what MTRs investments find that matters not juggling numbers of shares surely?

[lazygun] 30/5/2020 10:47

Ok, so hadn’t seen that bit about the share consol proposal to be discussed at the agm

I think their reasoning is flawed, but I’m guessing that the large shareholders are probably going to end up voting for it and we’ll have to live with the inevitable drag on the share price that follows..

Disappointing

L.

[trumpingtonsmythe] 30/5/2020 10:44

I'll take that as an apology then.

[trumpingtonsmythe] 30/5/2020 10:35

Someone ask dreamtwister to explain his comment please, I quote:This consolidation is just fantasy speculation of Trumpinton. I am filtered for some reason I am unaware of, yet it seems I have read the AGM Notice and he hasn't?

[charaxes1] 30/5/2020 10:30

Personally I do not like share consolidations. Many AIM companies use this to raise and dilute. Metal Tiger are in a very strong financial position and have no need to raise cash. Hopefully the 2p warrants will be taken out to provide extra cash.

[charaxes1] 30/5/2020 10:27

Dreamtwister I am afraid I do not understand your logic. A 10:1 consolidation would result in 150m shares rather than 1.5bn currently. Market cap would remain the same. Share holders would have 1 for every existing 10 issued. Share price would go from 2p to 20p to reflect consolidation. Simple maths.

[trumpingtonsmythe] 30/5/2020 10:25

As set out in the Notice, the Board is proposing a 1 for 10 consolidation in the ordinary shares of the Company. The number of shares the Company currently has in issue is considerably higher than that of the majority of companies on AIM with a similar market capitalisation and the Board believes that this, which results in a share price quoted in single pence, affects investor perception and share price volatility. Accordingly, the primary objective of the proposed share consolidation is to reduce the number of ordinary shares to a level which is more in line with other comparable AIM-traded companies and thereby creating a higher share price per ordinary share.

[lazygun] 30/5/2020 10:09

How can they possibly break even dreamtwister? Your comment makes absolutely no sense whatsoever


L

[lazygun] 30/5/2020 10:08

Oh, and while Mtr might have a network of geologists they can speak to, they don’t work for Mtr, whereas terry did... massive difference

L.

[lazygun] 30/5/2020 10:00

Technically consolidation won’t have an effect on NSR or sandfire shares, but any consolidation normally results in a decline in the share price.

as for North American investors and so on, I’m not so sure that Mtr board are really that bothered about possible lack of investors from there just because of the number of shares in issue.

Mtr are in too strong a position now I think to be swayed by such a concern.

Perhaps someone can answer this:

What specific benefits would MTR gain by consolidating?

L

[charaxes1] 30/5/2020 09:52

Completely agree Grant. Not sure I understand Dreamtwister’s train of thinking.

[grantstevens] 30/5/2020 09:33

Consolidation has zero impact on NSR or our SFR shares. Often N American investors don’t invest in Co’s with lots of shares in issue. I see this as resetting of Co both in respect of shares in issue and recent strategy change > 10% with board representation, with funds and family offices all in it together to fund next stage if possible. As opposed to pump and dump retail PI. I personally see consolidation as a neutral move. TG loss will be felt but I can assure you MTR now have an extensive network of excellent experienced geologists via their relationships with MOD, SFR, KML, SAU, CBE. Doug Kirwin is world famous for instance.

[lazygun] 30/5/2020 08:27

I highly doubt Mtr will consider consolidation.

They don’t need to.

All that does is create a negative drag on the share price

I think you’ll see Mtr do a rinse and repeat of their assets as they did with mod resources.

Kalahari, cobre, etc, they’ll likely wait for these companies to prove up their resources, and then someone like sandfire potentially will buy up those companies. Mtr will get more shares in sandfire, or sandfire equivalent, plus retain uncapped nsr, which sets them up for increasing their long term revenue stream through dividends, and royalty streams, whilst they move onto the next exploration opportunity.

With terry grammar passing, I can see Mtr looking to shift their strategy towards buying NSR’s from other explorers in the future. They’ve lost a huge amount of expertise with TG loss, so it could make sense to start shifting their strategy, maybe similar to trident, their latest investment...

Wouldn’t surprise me to see Mtr mgt team looking to learn from what trident are doing, and replicate it.

L

[trumpingtonsmythe] 30/5/2020 08:12

Sorry don't understand?Consolidation makes sense, investment arm seems to be focussed on good opportunities now and more importantly is finding them rather than propping up the same tired old juniors.Just need the drilling results to be as expected or better and it's off to the races.

[trumpingtonsmythe] 29/5/2020 18:44

Seems to be struggling to find the right board, let's bury it. 1 for 10 consolidation coming to MTR.

[charaxes1] 29/5/2020 15:35

Wrong Board puppi!