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Kalahari Metals MTR website shows all their plays
Does MTR have any interest in any of the other potential targets in Botswana or are we now just shareholders of sandfire?
Sandfire September 2019 Quarterly Report Presentation
Sandfire September 2019 Quarterly Report
$SFR Meet the ASX stocks that can benefit from the Chilean riots https://au.finance.yahoo.com/news/meet-asx-stocks-benefit-chilean-011456973.html?soc_src=social-sh&soc_trk=tw via
Doesn't this work out based on the dividends of the last 5 years from Sandfire about £1 million per year GBP for MTR ?
23 October 2019
Metal Tiger plc
("Metal Tiger" or the "Company")
Sandfire Resources shares received
Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, is pleased to announce that it has today been issued with 6,296,990 new ordinary shares in Sandfire Resources NL (ASX:SFR) ("Sandfire"), representing approximately 3.5 per cent. of Sandfire's enlarged issued share capital, in exchange for its entire shareholding in MOD Resources Limited ("MOD").
Accordingly, Metal Tiger has no further interest in MOD but retains an uncapped 2% Net Smelter Royalty over circa 8,000 km2 in the Kalahari Copper Belt (covering the area subject to the historical Tshukudu joint venture with MOD) and a US$2m capped Net Smelter Royalty over the T3 project.
Sandfire has declared a final dividend of A$0.16 per share, which goes ex-div on 14 November 2019 and payment will be made on 29 November 2019. The Board of Metal Tiger intends to retain the Company's entire interest in Sandfire shares, such that it is eligible to receive the approximate A$1.0m payment that would be due to Metal Tiger from this dividend.
For further information on the Company, visit: www.metaltigerplc.com:
Cancellation of Unlisted Options 23 Oct 2019
SFR: Completion of MOD Resources Acquisition
Successful Implementation of Scheme of Arrangement
Sandfire has commenced optimisation of the current Feasibility Study for the T3 Project (refer MOD
ASX Release, titled ‘Feasibility Study Confirms Outstanding T3 Project Economics’, dated: 28 March
2019) and expects to publish an updated Feasibility Study and Ore Reserve in the June 2020 Quarter
ahead of a Decision to Mine.
The Company has also recently appointed highly experienced mining executive Ian Kerr as T3 Mine
Project Director, to manage all studies and development of the T3 Mine in Botswana and all
associated infrastructure. This includes completion of the Feasibility Study, management of the final
design and engineering, regulatory approvals, contractor selection, construction, commissioning and
handover to the operational team.
In parallel, Sandfire will progress the permitting activities for T3 with approval of the Environmental
and Social Impact Assessment (ESIA) document expected in the December 2019 Quarter, triggering
a public review period and subsequent Mining Licence Application expected towards the end of this
The Company will also continue exploration drilling activities in Botswana from the end of October,
which are expected to ramp-up as part of a major new district-scale program commencing in early
Yep and a lot of Lithium. ATB
The government wants the UK to have net zero carbon emissions by 2050. Scottish Power reckons that in order to achieve this, the UK needs to have 25 million charging points for electric vehicles - the equivalent of installing 4,000 PER DAY - and 23 million electric heat pumps to replace domestic gas boilers. And all at a cost nearly £300bn.
Scottish Power's chief executive Keith Anderson says people need to see that there is a network in place in order for them to change, for example, to cleaner modes of transport. He says: "We need to make this as easy as possible for people to switch to electric cars. One of the ways of doing that is making sure they see the infrastructure out there required for them to run their lives. "People will want to know they've got a charge point at home, there's a charge point at work, there's charge point at any destination."
GLOBALLY THAT'S A LOT OF COPPER!
I see Arden has initiated with a price target of 2.0p. Can't get the report yet but hope to do so soon.
The 500k placing won't do much for Thor, not with the cash burn from their BOD. Seems like the next placing not that far in the future, unless they oust the Thor BOD which seems unlikely.
Looks like sensible business by MTR. I've held THR and make some good money initially. But sold out earlier this year when I sensed - rightly for once - where the SP was heading.
Haven't done any close examination of this but I see THR MCap is £2 million, compared with assets of £12 million apparently.
Shares bought at .20 have appreciated already by 30 to 40 per cent this morning, but of course that may be walked down as traders take profits later.
Looks like MTR found some loose change down the sofa and decided to have a little fun down the seaside arcades !!
Got to question the board of Metal Tiger as much as THR for keep backing a poorly run company.
"We are deeply disappointed with the performance of Thor and have maintained our pro-rata holding in order to protect our investment. We see Thor management (excluding Mark Potter who was only recently appointed) as having failed to deliver on their targets and believe that it is essential that cost cutting measures are taken urgently in order to reduce Thor's ongoing administrative costs. We do believe there is investment value that can be realised from Thor and agree that drilling at Bonya could improve the viability of Molyhill and is therefore important. We also believe that management needs to actively start considering new strategic assets to help drive shareholder value and improve market sentiment."
Yes definitely I mean we are the largest shareholder and we have Mr Potter on board; as MTR are putting into this raise with our money, surely we must assume that our BOD is applying some pressure into getting some results; I’m not a direct investor in THR but reading their posts it seems many are extremely unhappy with the Topman who it appears is jetting around the world on £150,000 per annum and yet the company appears on its backside with no dough hence another fundraiser; we can again only assume THR must have something significant or else we wouldn’t be putting in again or it seems allowing the Topman to remain as so !!
MTR says of THR...
'We also believe that management needs to actively start considering new strategic assets to help drive shareholder value and improve market sentiment.'
What's the point of letting the failed management at THR continue pursuing new assets when they can't deliver on the existing ones, more time and money required too.
Thanks ,I didn't see that bit.
"The Company's largest shareholder, Metal Tiger plc, is to participate in the Placing and Subscription"
Hopefully we will be hearing by how much we took part,I recall a MTR investment policy of no more than 10% but recently and correctly we have taken a 20% stake in Cobre plus 0.2p is a lot less then our previous 3p entry price .I also recall MTR requesting an opportunity to JV with THR should an alternative partner not be sourced.
A significant increase in position in that direction could indicate a MTR JV development a round the corner?
Lol yes I was wondering the same thing; interesting that “MTR will be participating in the event”..
I wonder whether RGM took part in the THR placing ?
iMetal Resources Inc. Commences Drill Program to Test Large Anomaly at Zone 3 in Gowganda West, Ontario
Vancouver, BC - TheNewswire - October 21st, 2019 - iMetal Resources Inc. (TSXV:IMR) ("iMetal" or the "Company") is pleased to announce that its first-ever diamond drilling program has commenced at Zone 3 in the Company's Gowganda West Project. Upon completion of the IP program and subsequent interpretation, a number of high chargeability anomalies were identified. As such, the iMetal team has determined that Zone 3 be the company's first priority. (Please see press release, October 4th, 2019).
The Zone 3 IP survey covered an area 1.2 km square and 500 meters in vertical height. iMetal will drill its first test hole of this major anomaly to a depth of 500 meters. Arrangements have already been made with a drilling company from the local area.
Laframboise Drilling from Earlton, Ontario, has been contracted for the drill program. iMetal intends to assay this drill hole for gold, base metals and other elements. Resulting core data will be logged at the company's facilities in Kirkland Lake, Ontario.
Johan Grandin, iMetal President and CEO, commented: "We are delighted to commence our first-ever drill campaign at Zone 3. The recently completed IP program has identified several high priority exploration targets at Zone 3 and we look forward to seeing initial diamond drill hole results. In addition, a new drill program targeting the IP anomalies identified at depth at Zone 1 South is also currently being finalized. We look forward to providing the market with further updates."
We seek safe Harbor.
ON BEHALF OF THE BOARD OF DIRECTORS,
Read more at https://stockhouse.com/news/press-releases/2019/10/21/imetal-resources-inc-commences-drill-program-to-test-large-anomaly-at-zone-3-in#YRPdwHbZ7P7hPKIx.99
Don't worry. It is ready to go now.
Seems there's quite a few who are so strapped for cash that they can't wait for just a few more days, if you think you are shorting at this price you might struggle a bit to get back in below your sale price. You might be lucky, but as the consensus has now changed from a steady downward to a steady upward, it could be tricky for you, i would say good luck, but I hope you don't get any.
Market didn't recognise last news yet but this situation will not be long.
I think something is about to happen - Could and Should be interesting times ahead.