Share Name Share Symbol Market Type Share ISIN Share Description
Metal Tiger Plc LSE:MTR London Ordinary Share GB0030493232 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.025 -1.75% 1.40 1,800,648 09:29:47
Bid Price Offer Price High Price Low Price Open Price
1.35 1.45 1.425 1.40 1.425
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial -3.96 -0.28 22
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:16 O 139,121 1.429 GBX

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Date Time Title Posts
16/10/201912:29Metal Tiger - Earning its stripes!7,717
28/6/201913:25Metal Tiger at UK Investor Show1
18/6/201811:24Metal Tiger Interview/Q&A-
11/6/201813:11Q&A with Metal Tiger PLC1
12/5/201816:34Metal Tiger PLC1,391

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DateSubject
20/10/2019
09:20
Metal Tiger Daily Update: Metal Tiger Plc is listed in the General Financial sector of the London Stock Exchange with ticker MTR. The last closing price for Metal Tiger was 1.43p.
Metal Tiger Plc has a 4 week average price of 1.20p and a 12 week average price of 1.15p.
The 1 year high share price is 2.25p while the 1 year low share price is currently 1.05p.
There are currently 1,559,172,297 shares in issue and the average daily traded volume is 2,230,736 shares. The market capitalisation of Metal Tiger Plc is £21,828,412.16.
01/10/2019
07:54
tebboc: "The closing of the acquisition of MOD shares by Sandfire resources is an important point in Metal Tiger's history and allows the Company to retain its unique interest in the Kalahari Copper Belt, which should drive further share price growth in addition to the rest of its portfolio, whilst also allowing the Company to consider future cash deployment. With this in mind, the Company is considering future investments and believes that investing in itself, via a share buyback, could be the best use of capital for the Company. Eliminating discount to the net asset value of the business is a key focus of the Board and we look forward to updating the market on this workflow and the closing of the deal in due course."
25/9/2019
07:16
supercity: Surely some catching up to do here.Last year the share price was nearly 200% above the net asset value.This year it sits 20% below.
26/6/2019
21:51
charaxes1: Hi Lazygun, as TG is based in Perth as is Sandfire and KS, it would not surprise me if MMcN and he were heavily involved in the transaction. Agreed it is a shame that MOD was not sold for more but the fault lies fair and square at MOD BOD door. JH should have been replaced. This is the fault of a weak Chairman! I really cannot see why it is the fault of MTR. They had to agree to the transaction otherwise major MOD dilution would have been undertaken at a far lower price! The MOD share price has yet to hit the bid price of SFR so the market clearly has some doubt as to whether the transaction will complete! If the market anticipated another bidder then I would have thought this would have been reflected in a premium share price. I had a glance at the HotCopper ASX bulletin board. In general they appear to be happy to swap MOD paper for SFR. Not surprisingly SFR looks to be a much better run outfit! I am glad that MTR are out of the MOD investment!
26/6/2019
21:18
lazygun: Given sprott has invested majority of money in Mtr at around 3p or more, can’t see a great deal of joy in the sprott camp right now. Properly managed, the Botswana stake could easily have catapulted mtr’s Share price north of 5p easily..... Not now though.... L.
11/12/2018
15:16
the deacon: Yes, forces acting against the MTR share price for sure. Another reason to be cautious. Can't see the attraction when the likes of CAML are so cheap
28/11/2017
22:47
lazygun: I don£t see Thailand as being that risky. They haven£t put a significant amount into the ipo, and at present own the assets. The ipo was just a means to unlock the value that is currently £hidden£. Ref Kingsgate, from looking at their aggregated purchases, I believe they£re not far off doubling their investment, if they just sold the shares. If their mgt takeover fails, I£m sure they£ll probably do just that. I can£t see what else will drive down the price to the point that Mtr will lose money on that deal. If it works, who knows. If I£ve read kingsgate£s reports, they have around $38 mill in cash (happy to be corrected here), and a Chilean asset. A mgt takeover, rather than an outright bid for kcn seems like a very smart move to me. I think what is dragging on mtr£s share price right now is the continued delay over the revised pfs (now turning into a 2month delay), plus the remaining share options to be exercised in December. But, we do know that the t3 pfs is likely to be bigger, and more profitable than originally estimated, and we know that the current copper price is higher than the original best case price quoted in the original t3 pfs, so, it£s a given that the npv is now higher. Mtr£s other investments seem to have so far been very shrewd investments, and they£ve planned their exits meticulously to maximise returns to plough into other opportunities. The mgt generally speaking seem to have stuck to their word, looking after shareholder interests as best they can. They can£t control the share price obviously as that is down to the market, but they have so far not done any discounted placings, and they haven£t done very many placings either. I think the market is still significantly undervaluing mtr£s assets, and by association their current mkt cap, and share price.... mtr£s story for me just continues to get better and better as far as I can see... L.
23/1/2017
14:33
dr jekyll: We are seeing several of MTR's investments moving up very recently. ECR currently up 39%, THR up 22% just now as well as GGP which has been up and down now up 12%. Won't do any harm to the MTR share price.
27/11/2016
13:26
sweepie2: An astonishing RNS late yesterday detailing a potential shocking offer for Metal Tiger (MTR) by BMR Group (BMR) has left me, and many of their respective shareholders, scratching our heads. Alex Borelli is the CEO of both companies – what the hell is playing at? The Metal Tiger RNS came out an oddly-timed 4.20pm yesterday and stated: “The Board of the Company announces that it has received an indicative offer for the Company ("the Indicative Offer") from BMR Group plc ("BMR"). This process is at an early stage and there can be no certainty that an offer will be made for the Company. The Indicative Offer is an all share offer whereby it is proposed that Metal Tiger shareholders will receive 0.231 BMR shares for every 1 Metal Tiger share that they own. Based on the closing share prices of Metal Tiger and BMR as at 24 November 2016, the Indicative Offer represents a discount to the closing price of Metal Tiger shares on 24 November 2016.” BMR has until 23 December to firm up its offer but the statement didn’t say much more than that. So…..let me try and get my head round this. Alex Borelli is the CEO of both BMR and Metal Tiger, having only taken on the latter role relatively recently from 10 October. On that date, Metal Tiger closed at 3.13p, valuing the business at about £19 million. Then about six weeks later, as CEO of BMR he makes an offer for Metal Tiger, which as at Friday’s closing prices values Metal Tiger at about £7 million. What on earth is he thinking? He must realise that the fact that he is CEO of both companies means that there will be much closer scrutiny of any deal. On what basis can he imagine that the Metal Tiger shareholders would appreciate an all-share deal, in a connected company, at a significant discount to the current share price? Who would sign up to that? No-one, particularly as there was no stated strategic rationale as to why this could benefit the Metal Tiger shareholders in the long-run. I don’t think I’m being overly cynical but the only thing I can take from all of this is that in the last couple of months Alex Borelli has had a good look at the Metal Tiger assets and thought: “OMG, The Metal Tiger shareholders must be furious with this potential destruction of value in such a short timeframe and, amazingly, I imagine some of them are clamouring for the glory days of Paul Johnson at the helm. The other oddity here is the response of the BMR shareholders. BMR traded as high as 6.2p on Thursday morning but then started to decline fairly dramatically and was down around 5p late yesterday afternoon. I imagine that it was this share price movement that forced BMR’s hand, hence the rather rushed nature of the statement. Further selling carried on after the announcement with the BMR share price closing at 4.625p. It does smell a bit as if some of the BMR shareholders had got an early sense of this deal brewing and decided to vote with their feet from Thursday morning onwards although can’t imagine that sort of things goes on in the lower reaches of AIM, does it? Despite the offer being made at an arguably low price, they clearly don’t want the Johnson eclectic mix of shareholdings in micro-cap miners and some early-stage plays in Botswana and Thailand when BMR is closing in on producing from its own assets. Often with M&A, when a deal is first announced, one share price will go up, usually the target, and the other can initially go down as its shareholders may be concerned about overpaying for the business or worried about the strategic fit. In this case, both shareholders seem equally unhappy! From here, I cannot see how Alex Borelli comes out of it with any credit whatsoever. It’s hard to see how this deal can reach fruition on the terms outlined in the indicative offer. It definitely wouldn’t complete following that shareholder reaction if it were taking place between larger listed entities, although Elon Musk could probably get away with it, but I guess AIM is its own world with its own rules and one should never say never. In any event, Borelli needs to make a follow-up announcement very quickly, ideally at 7am on Monday, setting out a clear view on why this deal, albeit at an early stage, has potential strategic benefits for both parties as otherwise I can see the Metal Tiger share price taking a beating first thing. Somewhat amusingly, or fortuitously perhaps, Alex Borelli is meant to be presenting at a Share Talk evening tonight so it will give some shareholders a chance to get a few things off their chest and perhaps he will be able to explain this crazy-looking deal. I hope he doesn’t pull out at the last minute hiding behind some takeover code nonsense. - See more at: hxxp://www.shareprophets.com/views/25532/metal-tiger-and-bmr-deal-wtf-is-borelli-thinking#sthash.cj8mIOIr.dpuf
07/9/2016
13:15
someuwin: "...The next major newsflow event could come from Botswana, where MTR and JV partner MOD Resources plan to announce a maiden resource statement on Target Area 3. Details on the viability of a potential open pit mine could follow by the end of 2016 as part of a scoping study evaluation. Drilling results from Target Area 3, have returned high grade copper samples from a resource envelope that is at least 1km wide. Early results from Target Area 2 are also encouraging. The licenses on the Kalahari Copper Belt lie enticingly adjacent to copper/silver deposits and mine workings formerly held by Discovery Metals that attracted US$830m acquisitive interest from a Chinese sovereign wealth fund in 2012. In addition to advancing the project to the next stage through a resource definition, which should hopefully be reflected in an improved MTR share price, the Group may also benefit from its equity investment and leveraged option position in ASX listed MOD Resources."
02/4/2016
10:05
pwhite73: 1000954 I openly confess to lacking in many things but education is not one of them. This time last year MTR share price was priced at 0.875p and there were 270,372,462 shares in issue giving a market cap of £616k. One year on MTR has a market cap of £22 million whilst investing during one of the worst periods for mining stocks in the last decade. So where has the additional £21.4 million market cap come from? I will tell you. It has come from the consummate skills of Paul Johnson to deliver shareholder value by selling the MTR story to private investors. It has not come from any of the mining investments or activities MTR are involved in for they all have zero commercial value. This house will come tumbling down and soon. I will not be posting here for much longer so please make the most of me whilst I am here.
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