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OK. So why are we down today with 3x as many bought as sold?
Comes up blue, but looks like a sell to me chestec.
I'm all in at this price. Bought another 118,527@20.5p this morning.
Thankyou. Speaking frankly, mtr is a slightly more complicated proposition to invest in than most. I took a bit of time to examine its various strands, income streams, asset values etc before I pressed buy. I feel content that my in at 20 ish is a good buy, as ever talk cheap let's see what unfolds as news flows. GL
Took the plunge with a significant purchase today with profit from elsewhere. Thats the kiss of death for it :)
In my judgement, 20 is a floor. Time will tell
i dont expect a rights issue
a loan or draw down is most likely
i presume they may have already recouped their investment in red dirt
and a profit
but kept some and the wrnts
we will know soon
Sorry meant to be directed to you trawl
HD, I have been involved in the previous CR’s. I have not been approached on the SFR rights. So in my opinion a margin loan or drawn down on the collar facility. Once clarification MTR will re rate!
maybe the thought of a rights issue is holding it down
we should know by 4th oct
i have topped up as i believe sandfire is undervalued
and they seem to be fairly successful with their investments
Simple HD the market is only valuing on the NAV and not the potential future value.
I am not sure why you are so positive H. The share price continues in the doldrums. If the future was so obvious, why would we be still down here?
Im a bit surprised that sandfire is below the rights price
would have thought the shares would be in great demand
I see RDT got up to about 90c before profit-taking. Wouldn't be surprised to find that MTR took (considerable) profits today.
I've bought some more this morning, as the price is still silly low.
The RDT deal has shown MTR are in a total different league to your average AIM junk. MTR took $500k of the $11m placing which was oversubscribed and only offered to people in the know and in the right circles. These deals will continue to happen and sooner or later they’ll be an incredible opportunity cross their desk - *see Armada*
The SFR acquisition is transformational to them and by association to MTRs equity position and liquidity. This will give them even more clout as and when they need it. As you say H the offer being oversubscribed to such an extent shows what the market thinks of it. SFR won’t stay around $5.4 for long.
Ultimately this is all about the NSR for me, it is the company maker - it has been for some time - it’s just become even more of a winner. I fully expect SFR to process the ore from A4 fairly quickly and expect the resource figure to be expanded significantly. They are drilling A1 soon and I understand the T4 dome is getting interesting.
MTR’s investment team seem pretty dialled in to opportunities in the sector. If they launched a “Metal Tiger Small Cap Miners” fund based on their portfolio than I for one would be interested.
https://twitter.com/metaltigerplc/status/1442761092703326213?s=20
I see from MTRs Twitter stream today that they have potentially made a bundle from their recent investment in Red Dirt Metals $RDT.AX
MTR usually hits a support level just above the 20p mark and I reckon that history will repeat itself here. So it's top up time for me with another 31,473 shares bought this morning @ 21.1p.