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Share Name Share Symbol Market Type Share ISIN Share Description
Metal Tiger Plc LSE:MTR London Ordinary Share GB00BMQC0691 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.55 -2.05% 26.25 26.00 26.50 26.25 26.25 26.25 106,505 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -4.0 -0.3 - 41

Metal Tiger Share Discussion Threads

Showing 9451 to 9468 of 9775 messages
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DateSubjectAuthorDiscuss
30/5/2020
11:28
To be fair paddy since you said this company was 'a disaster' it's doubled in price!
trumpingtonsmythe
30/5/2020
11:10
Lazy there is a good reason to consolidate. MTR may well be looking to a secondary listing. In that sense a consolidation makes perfect sense. A company with in excess of 1.5bn penny shares will not be that welcome on a new exchange. I clearly remember the term given by Kingsgate, “penny dreadfuls”!
charaxes1
30/5/2020
11:07
have had shares in a few companies that consolidated down through the years and it NEVER lead to an increase in the share price
billionairepaddy
30/5/2020
11:06
The other issue is of course the spread. Right now it’s about 7,5% (2.1-1.95)/2.025. But after consolidation, what will the mm’s do with the spread? There’s more chance of the spread being widened than narrowed, which if that happens immediately knocks some of the value of your holdings... L.
lazygun
30/5/2020
10:57
Consolidations are typically seen on a subjective/emotive level as taking something away from the investor. Share splits typically seen contrarily as giving something to investors, and therefore seen more favourably by investors. Additionally, consolidations tend to get associated with placings or activity of a dilutive nature, even if it’s paving the way for something upcoming, rather than an immediate or associated placing.. This guff about investor perception and large shares in issue co pared to other companies of a similar mkt cap is also less important than is being portrayed. There’s generally not a good reason for consolidation.. plenty of dilutive reasons though.. L
lazygun
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?
trumpingtonsmythe
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.
lazygun
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?
trumpingtonsmythe
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.
charaxes1
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.
trumpingtonsmythe
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
lazygun
30/5/2020
09:52
Completely agree Grant. Not sure I understand Dreamtwister’s train of thinking.
charaxes1
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.
grantstevens
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
lazygun
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