Share Name Share Symbol Market Type Share ISIN Share Description
Metalnrg Plc LSE:MNRG London Ordinary Share GB00B15FS791 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.025 -2.63% 0.925 6,026,723 15:01:14
Bid Price Offer Price High Price Low Price Open Price
0.85 1.00 0.975 0.875 0.95
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining -0.58 -0.22 3
Last Trade Time Trade Type Trade Size Trade Price Currency
16:17:43 O 13,944 0.90 GBX

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Date Time Title Posts
26/10/202011:41MetalNRG Plc - gold cobalt uranium 2020263
20/10/202014:18MetalNRG 1,197
20/10/202014:17Metal NRG - The NEX Exchange Cobalt Explorer3

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Metalnrg (MNRG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-10-26 16:17:450.9013,944125.50O
2020-10-26 15:11:420.9375,000696.00O
2020-10-26 15:11:390.93259,5672,408.78O
2020-10-26 14:49:280.9348,761452.50O
2020-10-26 14:19:480.934684.33O
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Metalnrg (MNRG) Top Chat Posts

Metalnrg Daily Update: Metalnrg Plc is listed in the Mining sector of the London Stock Exchange with ticker MNRG. The last closing price for Metalnrg was 0.95p.
Metalnrg Plc has a 4 week average price of 0.60p and a 12 week average price of 0.50p.
The 1 year high share price is 1.43p while the 1 year low share price is currently 0.23p.
There are currently 364,742,767 shares in issue and the average daily traded volume is 20,285,552 shares. The market capitalisation of Metalnrg Plc is £3,373,870.59.
excellance: I think this will settle at about 75 awaiting the next deal. I honestly believe Eurasia's STP will find its way here, and the gold nrg division will be spun off. A lot of work still to do, and no cash at the moment to get this up and running. Even the near term assets will need cash and time to develop. Maybe Eurasia's Monchetundra mine will be sold and it'll keep the EUA London listing, and Eurasia's WK mine will RTO into MNRG and bring immediate cash flow to solve the problem, then CS will have a big chunk of MNRG and a fully formed growth business with plenty of cash flow to get LVG and STP up and running with GR development being the long term goal?
ekuuleus: I suspect the annoucement was rushed. The deal was for .8p pre share. The share price started rocketing. 2 scenarios occur to me. 1) suspicion of a leak and delaying any announcement would have attracted the regulators even more. 2) The share deal would look poor if the share price kept advancing. Concurrent with that, such an annoucement would bring the price back down opening the door to a compensation claim for loses for those people that bought shares at the inflated price.
harrisun: There is danger though, as you have to question whether it is a takeover by MNRG or of MRNG? With potential control resting with LGV, and then in MNRG financing the development of LGV via an additional placing? Not sure if this will be referred elsewhere, as it would seem to be a fundamental change in structure of MNRG. A good acquisition, but will we actually own it, or LGV own us,
ekuuleus: The basis of Lake Victoria getting 75% of MNRG is the Imweru. A resource that KIBO owned 30% of Katoro and MNRG 3% of Katoro who owned 100% of Imweru. This was sold to Lake Victora for $1m convertable. 75% of MNRG is being swapped for shares to take over Lake Victoria.
ekuuleus: all very incestuous. Kibo home page does not mention Katoro. Katoro seperately listed. Katoro Name of Shareholder Number of Shares Percentage of issued share capital Kibo Energy PLC 96,138,738 29.63% Sanderson Capital Partners Ltd 20,000,000 6.16% Power Metal Resources PLC 10,000,000 3.08% Katoro completes disposal of Imweru to Lake Victoria Gold 15 June 2020 Https:// Can't say Katoro inspires confidence. It's list of projects doesn't do the disposal justice: Https:// I'm somewhat relaxing again now I'm getting a handle on the corporate restructurings. note form the Feb 2019 article. LVG has been approached by a UK entity which can fast track a UKmain board listing. Costs associated with the listing are estimated atUS$500k and the listing would involve raising the US$6m to develop the Imwelo project. My initial reaction this mornings RNS was along those lines. So Katora (Katora part owned by MNRG) who owned Imweru, sold it to LVG for $1m plus nice options, who are selling it to MNRG for $6m. All good then.
magtalo: This agreement was done in August. RG has responded to my email. Mnrg had actually at the time had put a premium on the then share price The heads of terms are not binding , why go ahead with the share price so high ??
magtalo: LVG have spent 8 years and £10m and 12 months away from production, sell up for £6m ??????!!!????? I don't know what to make of it. Why dilute so much, there must have been some type of lending option available. And 0.8p .... why not renegotiate as the share price had risen, like they renegotiated in Romania, when poo took a tumble.
magtalo: I don't like the deal. It feels like mnrg have given away far too much and undermined their own worth....and all for £17m ...after expense £?m ?? If mnrg·s other assets ie GR britnrg do well then LVG shareholders will be rolling in it !!! I just can't stomach mnrg having billions of shares in issue ...poor old sp GLA
trinitygooner: $10m outlay to buy a mine and get it producing in 12 months. $570m worth of gold to be had with 90,000 oz in reserve and a plan to expand the resource with drilling. I think it looks good, but it would have been better to do this later in the year with a better share price imo. Ahh well, onwards and upwards.
excellance: Ek I think I pitched the price too low at 78, but at the time the share price was 70/75 so very disappointed. They did manage to get me half a million but that isn't much consolation. 8(
Metalnrg share price data is direct from the London Stock Exchange
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