We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
You can transfer your shares to a platform which trades in ASX (i.e. IG). They have a share transfer form you complete once you set up an account
I've had pretty much the same letter from XO (jarvis). They don't trade on the ASX and will sell all MTR shares, unless I request a share certificate, that's what I've done. But the question is how many shares will be sold on the last day of AIM trading, I'm beginning to think it's going to be quite a lot.
Hi Stuart. Do SI hold your shares in a discretionary managed portfolio?If not I'm surprised that they would be able to dispose of your shares without your instruction to do so rather than saying they will unless you tell them otherwise. My guess would be that most managers like HL would not hold MTR shares in discretionary portfolios and so will not have power to sell them unless instructed. i'll check with HL tomorrow what they intend to do.
the current options are so out of the water, how can they dare issue themselves thousands / millions for MM at 20p?
The Company proposes to issue the following Replacement Options to the Directors:
• Charles Hall: approximately 641,000 Existing Employee Options (based on the fair value of the Existing Options held
by Charles Hall as calculated as at latest practicable date prior to publication of this Circular) and up to a maximum of
800,000 Existing Employee Options
• Michael McNeilly: approximately 3,844,000 Existing Employee Options (based on the fair value of the Existing Options
held by Michael McNeilly as calculated as at latest practicable date prior to publication of this Circular) and up to a
maximum of 4,250,000 Existing Employee Options
• Mark Potter: approximately 493,000 Past Employee Options (based on the fair value of the Existing Options held by
Mark Potter as calculated as at latest practicable date prior to publication of this Circular) and up to a maximum of
600,000 Past Employee Options
• David Wargo: approximately 257,000 Existing Employee Options (based on the fair value of the Existing Options held
by David Wargo as calculated as at latest practicable date prior to publication of this Circular) and up to a maximum of
300,000 Existing Employee Options
Yes, but I don't fancy paying a lawyer at what they charge for an hour's work. I think our only realistic option is to attend the meeting and make our feelings known, but I raised this last week when all this first happened and there was no response on here even, so I can't see us drumming up wide support for anything stronger in the time available. Presumably the Board have the support of the major investors such as Rick Rule and associated holders as well as folks like BMJ and Illaquens on here. It's no wonder directors get away with screwing small shareholders-the odds are so stacked in their favour.
Smart Investor (Barclays) have sent notification that they will sell MTR sales in bulk on 27 March, as they (Smart Investor) do not operate on ASX. There is an option to request a certificate in my name. Presumably that is what I need to do if I elect to keep the shares, and then trade via someone else on ASX at a time of my choosing. This post has two aims. One, to seek clarification from those who are more knowledgeable than I that I have correctly understood the options and two, to warn others that there will be a bulk sale of MTR shares by Barclays on behalf of Smart Investor holders on 27 March 2023. I have no idea how many of us there are and whether the total sale will be significant.
Options outstanding to Directors at 31 December 2021 are as follows:
Current Directors at the year end:
Exercise price
(p)
At 1 January
Number
Granted/(Cancelled or Expired)
Number
At 31 December
Number
Charles Hall 35 300,000 - 300,000
45 450,000 - 450,000
60 500,000 - 500,000
27.5 200,000 - 200,000
Michael McNeilly 20 - - -
30 750,000 - 750,000
35 1,000,000 - 1,000,000
45 1,500,000 - 1,500,000
60 1,000,000 - 1,000,000
27.5 1,000,000 - 1,000,000
Mark Potter 30 - - -
35 1,000,000 - 1,000,000
45 1,500,000 - 1,500,000
60 400,000 - 400,000
27.5 600,000 - 600,000
Neville Bergin 35 200,000 - 200,000
45 300,000 - 300,000
27.5 200,000 - 200,000
David Wargo 27.5 200,000 - 200,000
10,350,000 - 10,350,000
The total share based payment expense recognised in the income statement for the year ended 31 December 2021 in respect of options
granted was £86,000 (2020: £482,000).
That would be much more sensible Keith but I think there is a notice period - I could be wrong though. We probably would need legal advice.
There's already a meeting arranged-can't we just add a resolution to the agenda?
We probably would need to call a general meeting ourselves as well
https://www.companylawclub.co.uk/calling-general-meetings
An alternative resolution (or several) seems a good idea . How is it done? Anybody know/have any experience of this sort of situation?
That totally, absolutely, definitely, 100% reflects my view. BOD, stop it, just do nothing because everything you do turns to excrement. Another couple of years and I fear that they will have squandered everything.
Just read through the circular and have decided to vote against most of the resolutions. We have some great assets but I worry that the new investing policy will give the board free rein to squander them - their record over the past year speaks for itself. I just want them to sit on their sandfire shares and royalties. Perhaps we should put forward an alternative resolution….
Don't forget the burrito... you really gonna need it...
Sorry TT, not prepared to waste any more time on you. People on here can make up their own minds about what we post.
Keith, to be fair, misleading on this has been your forte for the past many years and you still continue despite every single scenario you envisaged over the years dramatically failing to materialise... yet you still continue...
Sorry to say but my views have played out exactly as expected, please revisit my historical posts.
I strongly suggest you quit the gambling on cr*ppy companies business, its not your thing mate... save some money and buy the missus a burrito, make her proud for once.
TacoTaco ...
Southern Gold – Update on Exploration Activities
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/southern-gold---update-on-exploration-activities/20230308104000Z3309/
Courtesy of
chrisjparrish
@chrisjparrish
·
4h
#MTR Will $SFR’s A4 be Metal Tiger’s Golden Goose as Sandfire get to work in earnest at this major satellite #Copper deposit prior to the potential Mining Licence award by #Botswana. Latest sat images show 6 drill pads in line with known mineralisation flow. #Kalahari #Copperbelt
https://pbs.twimg.com/media/FqrYzMYWYAUxsI1?format=jpg&name=small
Six pads south of existing strike
https://pbs.twimg.com/media/FqraxYdXoAgigvN?format=jpg&name=900x900
That "nothing" was necessary to counter your misleading cr*p.
It might "plummet" TT or it might not. That 32.5c price is surely irrelevant anyway because it's weeks old apparently. We don't know what price it would have traded at if there had been any trades and who knows what price you could sell at even today . I daresay when it opens on the ASX it will trade at whatever price the ASX deems appropriate given its then net asset value and the demand or otherwise for the shares.
Agreed.
So unless you have massively fast connection in an office across the road from the Exchange to unload at the open.
Other platforms/brokers might have access. So might be possible to off load but doubtful. Look how illiquid it is. And the gap as I`ve said. No idea what is going on there.
Watch the ASX SP plummet once the UK shares are listed in the ASX.
0.34 cents is a ceiling and everyone holding the 10p AIM shares would wanna sell at the artificially higher ASX prices.
https://www.tradingview.com/x/ZyCxxdRg/
That is not pretty, there looks to be a 48-day "gap" with no action at all for MTR on ASX.
That is not illiquid, this looks to be suspended??
Anyway, not possible to trade MTR on ASX on T212 nor on HL.
To be fair his tips have outperformed the index for 8 yrs.
Stock is trading at 50pct of nav.
No stock picker gets everything right.