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Just tried some deals on H-L, and can buy and sell 10,000 shares at the same price-15.75p. I've never come across that before. Is it indicative of anything?
I like this share …… oversold and probably manipulated worth so much more. In my opinion.
Sandfire Disposal and Margin Lending Facility Update
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to announce that it has sold 200,000 Sandfire Shares at an average price of A$6.105 per share raising gross proceeds of approximately A$1.221m. Of the net sale proceeds, A$337k will be applied to reducing the outstanding loan balance on the new A$15m Margin Lending and Drawdown Facility (the “Facility”) with a sub-fund of SC Lowy SI II (SG) VCC, announced on 14 December 2022, with the balance of A$877k proceeds to be used for working capital and other investment opportunities.
Following the above disposal, Metal Tiger has 4,562,626 Sandfire Shares within the Facility against an outstanding loan balance of A$7.579m, and Metal Tiger will be interested in 5,730,168 Sandfire Shares, representing approximately 1.25% of Sandfire’s issued share capital. 1,167,542 Sandfire Shares will be secured under the equity derivative financing arrangement with a global investment bank.
For further information on the Company, visit www.metaltigerplc.com :
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/sandfire-disposal-and-margin-lending-facility-update/20230112120900Z9334/
+1 for 'current vein'
Some Sandfire disposal and some debt repayment.
Looking strong …. Still still plenty to go here and time to add more maybe!
As I said the other day it doesn’t take much to move the share price here with so many shares held tightly. Wonder if the 100k buys this morning were our CEO who continues to increase his stake - I wonder why he would do that..
SFR SP on a romp back towards high single figures. It is now the only really copper producing play on the ASX so I expect it will continue in its current vain, particularly with the back drop of copper prices and macro environment. Quarterlies due soon, let’s hope we get a decent update on A1 exploration aswell as explorations elsewhere. DeGrussa is on the wind down so pressure is on SFR to show botswana can take over the company defining asset.
Cobre share price is in a bit of limbo until the latest CR is over but look what happened last time.. I’m extremely confident we will see CBE play out the same way as MOD and I’m positioned to profit from that. As clearly are MTR.
It’s been a long frustrating road that’s for certain but I sense the sentiment is shifting and MTR shareholders will get their rewards. GLA.
Copper above $9,000
https://www.mining.com/copper-price-rises-above-9000-fueled-by-optimism-about-china/
11 / 12 Jan
https://www.futuremineralsforum.com/?utm_source=twitter&utm_medium=cpc&utm_campaign=fmf23&twclid=21sg3h5c0fyo18tekdfsncynlf
@Andrea Hotter
A shortage of #copper alone could derail the energy transition, with a rise in demand of around 82% seen between 2021 and 2035, says Ivanhoe co-chair Friedland. #FMF23
Copper ....... 4.1562 ......+0.0787...... +1.93%
https://www.investing.com/commodities/copper-streaming-chart
December 2022 Quarterly Report Advisory
Tues Jan 2023
Investor - Analyst & Media Teleconference & Webcast
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02620214
An income stream to look forward to on rising copper prices. Sandfire up at 6.20, China waking up, and we are still at a massive discount. No interest whatsoever apart from the directors! Then suddenly market sentiment changes, we just have to be patient!
Mtr have a 2% NSR incoming in months from a real operational mine and a feeder open pit A4 ready to go and add in what SFR have found at A1 exploration on a rising copper price in a growing high demand era. Mtr looking good no wonder the ceo is in director buying mode
Wake up and smell the ...copper
Copper $4.1093 per LBs @ 11/1/23
It’s all IMHO , DYOR and read about Sprott !!
Is this our moment we are being told, sublimely?
Mc buying another 150,000 and Sprott becoming a strong voice for CBE in which we hold (just about) 20% and all the NSR”s.
Is this the time to FINALLY put on the seat belt and buckle up.
You all know my previous views on cretinous behaviour by highly paid execs; I like this news today.
Very V much and shall be buying again.
Sprott Inc
Becoming a substantial holder
https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02619821
10 January 2023
Metal Tiger plc
(“Metal Tiger” or the “Company”)
Director Dealing
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, notifies that today, the Company’s Chief Executive Officer, Michael McNeilly, purchased 150,000 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”) on market at a price of 14 pence per share, for a total consideration of £21,000.
Following these purchases, Michael McNeilly is interested in 1,400,000 Ordinary Shares, representing approximately 0.83% of the Company’s issued share capital.
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/director-dealing/20230110114600Z7225/
Copper shortfall’s ‘dramatic impact’ on energy transition drives search for answers
https://t.co/ebq9kxMFei
UP 3 Per cent
4.0323 +0.1213 +3.10%
https://www.investing.com/commodities/copper-streaming-chart
and this morning's deal @14.4ish are buys not sells.
March price now just over $4.00 and SFR closed just over A$6
Copper finished the day above 3.9 for the 1st time in 6 months too. Likely good for our investments and our NAV
10% up on very few trades.. Just wait til we start to see some real volume.
If you take a 6 month view of Sandfire and Cobre both are trading well above 6 months ago (albeit Cobre peaked in Sep and dropped since. Another less large holding Southern Gold has dropped.
But today's jump is only bringing us closer to the MTR NAV value. We are still over 20% discount to December 2022 NAV (19.1p a share) and remember January's NAV is out next Friday too.
The 2 pieces of news this week that China is reopening post covid as well as restoring trade with Australia has also probably helped MTR (specifically the story was with Iron Ore but it is positive for other metals too). With lots of news flow and seemingly a more positive air in 2023 more to come too!
about time..... only another 10p and we're even with where we were 2.5 years ago....