Metal Tiger Share Discussion Threads

[rsussaud] 28/9/2020 11:18

Yep it’s a laugh when MTR have plenty of cash to invest in different companies regions and commodities unlike the lifestyle companies out their. Fantastic news could be another GGP. Who knows that’s the excitement of commodities

[dreamtwister] 28/9/2020 11:03

get your laughing tackle around this recent investment.

Following completion of the Placing, Metal Tiger will be interested in 5,000,000 Tanga shares representing approximately 1.35% of Tanga’s then issued share capital.

Tanga is an exploration and development company listed on the ASX, with exploration joint venture interests in Cote d’Ivoire as well as exploration interests in Namibia, notably the Damara Project. The proceeds of the Placing will be used primarily to conduct exploration work at the recently acquired Cote d’Ivoire exploration projects.

For the financial year ended 30 June 2019, Tanga reported a net loss of A$8.1 million and as at 31 December 2019, had total assets of A$3.5 million.

[rsussaud] 28/9/2020 10:53

DT Incorrect your post is full of fake information. 1. TRR have no interest in our assets we are simply invested in them. 2. A Jorc was handed to SFR as part of the sale of mod to SFR for T3 so I think you will find they are well down the build a mine route and on recent announcements SFR have said 24 months to build a mine.3. You forgot to mention the maiden resource at A4 all of which we hold a 2% NSR over at zero zilch further costs to us. MMC has played a blinder for us REAL LTH but perhaps might be causing issues for the short investors. Our KML investment has been very cleverly split up so we still have ownership of circa 60% via cobre and MTR. Anyone looking at MTR need to read and research the management backgrounds to realise they don’t shaft LTH of which I am one and very pleased with the progress they have made.

[dreamtwister] 28/9/2020 10:01

paperbackwriter translated into a hardback copy

mcneilly has shafted longterm holders with a premeture consolidation.

the lth paid for the development of the sandfire transaction with continious

dilution...then further more mcneilly has flipped further interests of the botswana

copper belt to Trr patience you fool mod/mtr/sfr kalahari is still not in production

so ill give Trr the benefit of doubt and the grace of 5yrs to produce a Jorc.

the royaltys from sandfire will,

be flipped to return the loan arrangement with sfr shares or to say lth shares as

security. the never ending story part two remember the taiwan /kingsgate/arkle

regency mines + thor as the fable rolls on what income from the past & present

legacy investments !...... i would advise to avoid bedtime reading.

[paperback writer] 28/9/2020 06:56

DT as a more positive and wholesome view I think you'll find that MMc has added to MTR's potential income considerably once the SFR MRE on A4 is released via the shrewd 2% NSR deal he made with MOD on the then JV licence areas. MTR is by nature a speculative company and the income from the trading arm was very healthy for a long while. MMc and team have been very active in securing deals for future income so in my humble view patience is required.I see good value here as a long term investor and not a lifestyle company.

[dreamtwister] 27/9/2020 19:35

well not a lot has happened from 2016 when mcneilly came on board

mtr has ramped up debt and no income t/d.

11.4m rising + 83k commitment fee....11,483,000K will be the tally

on the 30/9/2020

[grantstevens] 27/9/2020 19:29

Yes but the settlement by shares or cash is at maturity 2022 -2023 I believe not 30/9/20, which was my original point. A lot can happen by 2022-2023

[dreamtwister] 27/9/2020 19:20

agree Mtr have not borrowed the full quota mtr has drawn A$11.765m

repayed A$365k with a balance a$11.4m with 83k commitment fee 30/9/2020

news pending for substance of commitment or a cash call to secure the

2.609.877 shares in situ ?

Answer

Metal Tiger has the right to elect to settle the Put and the Call by way of physical delivery of Sandfire Shares or by way of a cash payment reflecting the value of the Put and Call at the time.

[grantstevens] 27/9/2020 19:05

Under the terms of the Financing Arrangement, Metal Tiger has:

entered into a stock lending arrangement with the Lender, pursuant to which the Lender (or an affiliate of the Lender) can borrow up to 1,675,125 Sandfire Shares from Metal Tiger;obtained the right (but not the obligation) to sell 1,675,125 Sandfire Shares to the Lender in three years’ time at 80% of the reference price, being A$6.10 (subject to customary adjustments) (the “Reference Price”) (the “Put”);granted the Lender the right (but not the obligation) to buy 1,675,125 Sandfire Shares from Metal Tiger in three years’ time at an agreed premium of 145% of the Reference Price (the “Call”); andborrowed A$8,174,610 from the Lender secured on the combination of the above with a maturity date of 16 December 2022 (the “Loan”).
Metal Tiger has the right to elect to settle the Put and the Call by way of physical delivery of Sandfire Shares or by way of a cash payment reflecting the value of the Put and Call at the time.

[grantstevens] 27/9/2020 19:03

Exactly my point those shares are a security, the 30/9 I think is just the cut off for the $83k as we haven’t borrowed the full $20m.

[dreamtwister] 27/9/2020 18:43

not at all re-read the Rns my comment is recited from the offical rns

please re-word "no offence taken"

mtr has now a A$11.4m overdraft is that the total of recent investments

or forecoming investments.

edit: my understanding is the 2.609.887 shares is a security bond ?

The Arrangements are secured over, in aggregate, 2,609,887 Sandfire Shares held by Metal Tiger, representing approximately 1.44% of Sandfire’s issued share capital.

loan to be repaid within 3yrs or the 2.609,887 shares sold to repay/part loan.pending the market value.

[grantstevens] 27/9/2020 18:34

DT the $82k is payable by MTR on 30/9/20 as they haven’t utilised $20m, but my understanding is the stock lending arrangement has a 3 year term from the date of the varying financing arrangements.

I therefore think your comment “2,609,887 sandfire shares plus $82k commitment fee payable 30/9/2020” is misleading

[dreamtwister] 27/9/2020 17:45

rns 27th august 2020

Metal Tiger is currently interested in 6,296,990 Sandfire shares, representing approximately 3.5% of Sandfire’s issued share capital. As announced on 31 July 2020, 2,609,887 of the Sandfire shares held by the Company are subject to an equity derivative financing arrangement with a global investment bank (the “Umbrella Facility”).

Accordingly, assuming that Metal Tiger maintains its current interest in Sandfire as at the record date (15 September 2020), Metal Tiger will receive approximately A$516k (approximately £283k) on 29 September 2020, being the dividend due in respect of the Sandfire shares not subject to the Umbrella Facility. The balance of the dividend, being approximately A$365k due in respect of the Sandfire shares the subject to the Umbrella Facility, will reduce the outstanding balance due pursuant to the Umbrella Facility from A$11.765m to A$11.4m.

rns 31st july 2020..previous to the above rns

As announced previously, the Lender agreed to extend the date on which the Commitment Fee is payable (in the event the total balance outstanding is under A$20m) to 30 September 2020 from 30 June 2020. Following the Fifth Financing Arrangement, the maximum Commitment Fee payable by Metal Tiger is approximately A$82k.

The Arrangements are secured over, in aggregate, 2,609,887 Sandfire Shares held by Metal Tiger, representing approximately 1.44% of Sandfire’s issued share capital. Metal Tiger currently holds 6,296,990 Sandfire Shares.

mtr will recieve approx £283k 15/9/2020

29/9/2020 the dividend balance A$365 will reduce the unbrella balance from A$11.765m to A$11.4m.

2,609,887 sandfire shares plus $82k commitment fee payable 30/9/2020

expecting news of substance to guarantee the commitment.

[dreamtwister] 27/9/2020 09:25

the focuss is botswana as many exploration projects can be a lengthly
process of paperwork before a jorc is produced,mod/mtr gave sandfire
a head start in that respect,other exploration companys on the botswana
copper belt are releasing some positive data so news from sandfire must
be near to being released.

[ryszy] 27/9/2020 05:38

Interesting.. looks Promising

[cbeadle] 26/9/2020 23:52

I prefer HZM for Nickel prospects but will take a look at AMC.
MTR haven’t got far with Southern Gold which have disappointed

[onone2] 26/9/2020 16:46

expecting assay news from sandfire botswana project ?

[hughez87] 25/9/2020 12:25

Check out AMC (Amur Minerals) - huge Nickel play. 1.58 million Tonnes of Class 1 Nickel Sulphide. Iron Ore investment producing income starting October and Russian Banking Feasibility to be granted early December. Huge potential to multi-bag. Ridiculously low M-cap and share price Takeover could be 75p to 1 pound :)

[charaxes1] 17/9/2020 16:44

Freefall3 there was a block listing on GGP. So we would not know if the options were exercised or not. I suspect they were and a tidy profit booked!

[freefall3] 17/9/2020 15:28

Duplicate entry !

[freefall3] 17/9/2020 15:28

I thought the option expired and were never exercised but could be wrong no mention of them any more on the MTR website and no RNS to say they were taken up or sold so all points to expired. Still it's not like they would be worth much now !

[trawl] 15/9/2020 16:39

I wonder if mtr have taken up their ggp option
with so much volume in ggp they might have sold for a nice 1.5mil profit

[uknighted] 15/9/2020 07:19

Participation in Thor Mining Placing

Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, announces that it has conditionally subscribed for 25,000,000 new ordinary shares of 0.01p each in the capital of Thor Mining plc ("Thor Shares") ("Thor") at a price of 0.6p per share, for a total consideration of GBP150,000 (the "Investment").

The Investment forms part of a fundraise by Thor, announced today, seeking to raise, in aggregate, GBP1,065,500 (the "Fundraise").

[trumpingtonsmythe] 04/9/2020 12:55

Whoops, forgot the schools had gone back!