Metal Tiger Share Discussion Threads

[uknighted] 18/10/2021 12:14

RNS

“ Kalahari Metals Limited: Commencement of Drilling at Endurance Prospect


Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resource opportunities, is pleased to provide an update in respect of the Botswana Kalahari Copper Belt discovery focused explorer, Kalahari Metals Limited ("KML").


The next phase of diamond core ("DC") drilling at the Kitlanya East Project's Endurance Prospect (the "Endurance Prospect") has now commenced. Further to the Company's announcement of 13 October 2021, Mitchell Drilling International has mobilised two DC drilling rigs to the Endurance Prospect. Drilling will test priority targets identified in the previous round of reverse circulation and DC drilling, with 8 priority holes, totalling approximately 2,350m, planned to test doubly plunging fold targets and anticlines identified from modelling of airborne electromagnetic ("AEM") data.


As announced on 12 April 2021, Metal Tiger currently holds a 50.01% interest in KML, with Cobre Limited ("Cobre") holding the remainder of the shareholding.”

[mrpiggy] 18/10/2021 06:54

Thank you for your in depth view of Metal Tiger charaxes1, I will keep them on my watch list until funds become available. Mrp.

[charaxes1] 17/10/2021 21:11

Evening MP. Entry point. Probably around this price. The NAV as at 31 Oct 2021 should show a substantial increase providing equity markets hold up. MTR has made a significant paper profit on Red Dirt Minerals (RDT ASX)over the last few weeks. Then take up of additional Sandfire shares following the recent rights issue looks like very good timing. This used a margin loan facility. Huge gearing uplift. In my opinion an investment in MTR is a waiting game. The equity investments MTR makes is the icing on the cake and keeps the show on the road. The real prize is the royalty income that will accrue once Sandfire (SFR) commence mining at T3/A4. Mining is scheduled to start in 2022/23. So not too far away. SFR continue to aggressively drill across their licences and any future successes will only benefit MTR going into the future. Once the royalty income starts to flow then it will be a pivotal moment for MTR. I imagine MTR will dividend some of the income out. Big plus. But they will have to decide whether to go down the fund route. The jury is out but the royalty will become incredibly valuable to a royalty company as more SFR drill successes come through and they will. My worry is that SFR or a royalty company come in and take MTR out before value is really realised. Apologies a bit rambling but a few thoughts! Good value at this level as we anticipate a further update from Simon Thompson of the Investors Chronicle.

[mrpiggy] 17/10/2021 10:52

Thank you charaxes1, I really appreciate your time and input!As you so rightly say he may get lucky proving up one of the resources but that will be at the expense of shareholder dilution before they secure a JV if indeed they ever will!One to avoid at lease for now I think. I like Metal Tiger's approach to investing, I may start building a position here in the near future.... What would you say is a good entry point and where in your opinion do you see the share price going over the next two or three years?

[charaxes1] 16/10/2021 20:47

MP, it was never clear why PJ left MTR as quickly as he did. It always seemed to me too hasty. At the end of 2016 there was a dogs breakfast at MTR. Alex Borelli launched a bid from BMR, totally ill conceived. He went, a new management team took over. I am not sure PJ can take any credit for MTRs success. Certainly nothing from 2016 onwards. Terry Grammar, ex Chairman and non exec director, was the principal person behind the Botswana deal not PJ. PJ is a great promoter but the jury is definitely out as to his ability to build a sustainable business. Power Metals is a rag tag bunch of second/third class mining licences/opportunities that have done the rounds in previous lives. PJ may strike it lucky on one Power Metal projects but statistics in the mining space weigh heavily against him. MTR now has a serious balance sheet which supports the current share price.

[mrpiggy] 15/10/2021 07:13

Many thanks for your input charaxes1, someone asked me to take a look at Power metal and I always like to start with the CEO's track record.

[charaxes1] 14/10/2021 19:46

A very good ramper! But did not stay the course and moved on too hastily. The proof of his ability will be as to how he monitises Power Metal. The jury is very much out.

[mrpiggy] 14/10/2021 19:33

Looking for some intel on a past CEO here, Paul Johnson was at Metal tiger for two & a half years and spent 6 months as CEO back in 2016. I'm hoping a LTH can give me some insight to his performance here. Thanks in advance.

[texaschaser] 13/10/2021 13:17

This is not jam tomorrow. Not next year.

[jamesiebabie] 12/10/2021 21:30

SFR freeing up some cash via their sale of ADT1 shares. Where will the cash go? Accelerate Africa?

[stevegrass777] 05/10/2021 15:32

Char, I think people will get it once the money starts to roll in, once that turns up the penny will drop with most brokers, and press/investors

[charaxes1] 05/10/2021 11:13

Des, you don’t get it do you? Hydrogen on LSE has put it very eloquently as follows

Yes - Because you are using the cash to securing a larger stake in the company... which you believe goes a lot higher. Its a leveraged play on copper.

SFR stock is now c£25m of MTR's Nav... so if the SFR share price recovers slightly to 7p then our SFR stock is worth £34m... MTR Current Mcap is £36m

Plus we have a tonne of other investments, which are worth way more than £2m more like £12-15m ( and maybe more depending on what slick trades they've been undertaking)

Plus the Motheo Hub is expanding at a Ramming speed. SFR is in massive growth mode.

Looking at the figs I see some very healthy numbers. 170-194kt CuEq at a MATSA C1 + Degruss of production at US$0.75/lb average that's ... phenomenal. EV/EBITDA and scale are what matter. Smashing it out of the park in that front. The big funds are going to sit up and pay close attention IMO.

This is a screaming buy.

[des56daw] 05/10/2021 10:52

So we sold 1m shares at 5.22 A$ and bought them back at 5.40 A$
is that investing ?

Regards
Des

[kaos3] 04/10/2021 10:54

sanfire matsa presentation

page 20 - look at the EBITDA history on the right graph - to put the price into perspective

[des56daw] 29/9/2021 08:59

So MTR are not taking up the full allocation of their entitlement
dilution by 25%, on the plus side the acquisition should increase
SFR value more than our dilution IMO.
On MTR only has anyone had a stab at valuing the 2% uncapped NSR in Botswana

Regards
Des

[paleje] 28/9/2021 14:08

Thought they summed up their position yesterday....

'Metal Tiger has opted to take up its entitlement rights in respect of 3,300,690 new Sandfire shares for a total cost of A$17,823,726, with settlement occurring on 4 October 2021. Metal Tiger is currently exploring several options to finance the investment, which may include a new margin loan facility or the existing equity derivative financing arrangement with a global investment bank, and will provide further updates in due course. Given its current cash resources and existing liquid equity portfolio, including 3,300,690 unencumbered Sandfire Shares, the Board believes it has adequate cash and short-term realisable assets to meet the Company's commitment.'

[des56daw] 27/9/2021 09:07

If Sandfire is roughly doubling their number of shares in issue MTR would
need to buy 6 million shares to maintain their %,so 6,000,000 x 5.4 A$
=32.4 million A$ or just north of £17 million. I appreciate they have cash
from fund raising and SFR dividend still leaves a large % to be raised
by a (discounted) share issue IMO.

Regards
Des

[charaxes1] 24/9/2021 18:43

Spot on. I am sure the rights will be also partially financed by a margin loan through an Investment Bank.

[trawl] 24/9/2021 18:38

The recent 5 mil equity raise along side the sale of pam shares
and the dividend from sandfire
should mean mtr has a healthy cash balance
then along comes a chance to increase the share
of a co thats growing and paying a healthy divi

[des56daw] 24/9/2021 06:43

That is a heafty capital raise that Sandfire is undertaking for their
latest purchase(though the asset look's good). What will the discount
be here if as seems likely we try to maintain our percentage of SFR

Regards
Des

[stevegrass777] 16/9/2021 10:45

That's a really good interview. Nice to hear the progress being made.

[daemonfunds] 15/9/2021 00:36

proactive chat to spend 10 mins on
hXXps://www.proactiveinvestors.com.au/companies/news/960124/metal-tiger-ceo-talks-botswana-drilling-and-value-in--refreshed--portfolio-960124.html

[uknighted] 31/8/2021 17:37

Two RNS releases today.
Nice divi coming from Sandfire.

[estienne] 17/8/2021 09:57

That was Antofagasta:
in Questor’s view, copper miner Antofagasta could also be a major beneficiary of the world’s switch to cleaner forms of energy and transport.

Indeed, the amount of copper used in EVs is four times greater than that used in internal combustion engine vehicles. According to the International Energy Agency, the global EV stock will rise from 11m in 2020 to 145m in 2030.

Similarly, renewable energy infrastructure, such as wind and solar power, requires up to 12 times more copper than traditional systems. The IEA expects renewables to meet up to 90pc of growth in global electricity demand over the next two decades.

As well as rising copper demand as a result of net-zero carbon pledges, Antofagasta’s prospects may also benefit from trends such as urbanisation. The UN expects 68pc of the world’s population to live in cities by 2050, versus 55pc in 2018, which equates to a doubling of the urban population. This is likely to boost copper demand, 28pc of which currently comes from the construction sector.

[aqc888] 15/8/2021 21:30

Interesting to see the Telegraph Questor editor pick a copper miner today as a buy... Hopefully will see further buying on Monday as people digest Simon Thompson’s analysis