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I don't understand that but let's hope it's matched here. Could it just be the SP re-aligning with the anticipated end of month NAV rather than CBE related?
Cobre Completes Acquisition of 100% of Kalahari Metals
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02605979
MTR.AX 0.3400 +0.0900 UP 36.00%
Given the recent FCA approved AIFM status, I would imagine that there will be some housekeeping to ensure MTR has the best team possible before moving into the big leagues...
Metal Tiger plc
(“Metal Tiger” or the “Company”)
Directorate Change
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, notes that Neville Bergin has notified the Board that he will step down as a Non-Executive Director of the Company at the end of January 2023 to focus on other professional commitments.
Charles Hall, Non-Executive Chairman, commented:
“On behalf of the Board, I would like to thank Neville Bergin for his significant contribution to Metal Tiger. Neville has been a valuable member of the Board and Committees and we all wish him the very best for the future.”
For further information on the Company, visit www.metaltigerplc.com
Looking @ The Trades Of That Day …. Vast Majority Of Trades Were Above The Large Trade Point .Of Note Is Was A (LRGS) Trade
Could it be bigmj who posts on here & has a large holding already.
Biggest trade I ever saw on here Friday- £274.80k at 10.918p. Can't be many people with that sort of volume to sell- big buyer nabbing a bargain?
Since the last NAV of 15.9p on 31/10/22 SFR is up 49% and CBE is up 56% so unless both fall drastically by 30/11 our NAV should be well up as a result, which should, (repeat should!!) give the SP a bit of a boost. With a bit of luck perhaps we'll hit 14/15p. Whatever the ASX listing is costing, I can't see much point in it, and it might as well be removed.
Re Aus Listing
Most Days Zero Trades (Average Volume Traded Over The Last 90 Days …. 20,000 Shares )
Just Checked Hot Copper ( Couldn’t See Anyone Talking About Them In Any Of The Threads )
Anyone Know How Much This Aus Asx Listing Is Costing ?
Also worth noting that the MTR share price in Oz is A$0.27 as of 25/11/22 and at 1.79:1 that's 15.1p.
Over 6 months (May 22 to now) the AUD price has dropped A$0.32 to A$0.27 so about 15%. The UK price 17.5p to 11.25p about 35%.......
In other words UK-specific negativity explains the price weakness rather than any company-specific info.....
I'm seeing the same negativity in other similar UK shares and ITs. There's been so much negativity in the press and crisis after crisis, I'm not all that surprised MTR is doing badly and I think lots of UK investors have got out of the stock market in 2022.
I'm anticipating the 2023 narratives of "fed pivot", "milder than expected recession", "China's bounceback" and "renewed efforts for energy transition" will all support metals prices... any of those narratives means MTR moves to a 20p-30p range in my opinion.
GLA
11p? It’s great to see that level of optimism about this share. I really would not be surprised to see us waving to 10p in passing by year-end. Of course, I hope I’m very wrong. GLA.
All valid points re collar, sandfire shares, accounts, .............................
and YET... STILL the SP drops like a lead fart
All Locked …It Would Seem !
Unless Things Have Changed ….
Take A Look At The Accounts up To June 2022
Section (10) Loans
THEY STILL HOLD 7 MIL SANDFIRE
WITH 2.84 MIL SHARES OF THOSE UNDER THE COLLAR
SANDFIRE IS ABOUT 5.10 AUS DLRS
Bought back in this morning, I think the share price is too low with the valuations for the holdings in SFR & CBE. My deal is shown as a sell once again. BUT IT IS DEFINITELY A BUY.
NAV was 15.9p on 31/10 although the SFR/CBR contributors have now increased by 44% and 58% each since then so NAV must now be beyond 20p.
Also according to the NTA submission on ASX the 15.9p doesn't include any re-evaluation of the A4 Royalty but I thought this was due following the DFS in August...
Did They Participate In Sandfire Latest Placing ?
As i said re 12p and im going to revise that estimate down. i think 11 p is easily acheivable by this mob before the end of the year
NAV was 15.9p on 31/10 although the SFR/CBR contributors have increased by 36% and 31% each since then which would push us back towards if not beyond 20p.
Also according to the NTA submission on ASX the 15.9p doesn't include any re-evaluation of the A4 Royalty but I thought this was due following the DFS in August...
Thanks for the info on this move folks. However, my reaction is that this, on its own, is just window dressing comparable to the share buy back, consolidation and ASX listing, and while window dressing is important to get buyers through the doors, it's what they see on the shelves that persuades them to part with their money. So, what do potential buyers (investors) see or think they see on the shelves-tired old stock/yesteryear's fashions at knockdown prices or a mixture of tried and tested goods plus bright new offerings at bargain, never to be repeated prices? If what MTR has is the latter but buyers aren't clever enough to realise it, then it's up to MTR to educate them- a lot better than they've done to date.
The bottom line is, however MTR labels itself and whatever market it chooses to operate in , it's the NAV that drives our SP, so unless our NAV reaches the 20s/30s/40s the SP will be stuck in the teens. Let's hope SFR, CBE, SAU et al start to realise their potential soon.
Yes possibly. It was never going to be a 100% certain that the FCA would approve the application. That milestone has now been achieved.
Is this the event that MM alluded to in the summer but said in a subsequent interview that it would be six months before shareholders could be told?
Agreed. I think this sets the scene for an RTO or a corporate acquisition / transaction. I guess this is the first step. The FCA could quite easily have rejected the acquisition.