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Thanks AP. I was aware that MTR was there but I thought there would have been 1 for Strata as well/instead of. Surely the BoD should be doing all they can to raise awareness of the new name for new investors, assuming there are going to be some!
For Information: just started a new thread on Hot Copper......`Metal Tiger/Strata - UK Investors Thread'..............
HI Keithb1......search the words `Metal Tiger '...its there...I think we need to start a new thread though.....will look into this evening..
For forced Uk investor sellers ….
Bod creams 150,000 on the cheap
I was looking forward to checking MTR/Strata's sp on Hot Copper this morning-well "looking forward" is perhaps putting it a bit strong- but HC doesn't even recognise the company when you search for it. Not a very good start. Did Strata start trading on ASX last night or not?
Yeah.
Thanks Taylot, is it best ask Chris to join the group or is there someone else?
Who knows then?!? I’m with II and at present they are sticking to their stance. I understand Charles is dealing with them directly. Whether we see them budge I’m not sure.
Hello Taylot. The last I heard from HL was that MTR/Strata remains ISA eligible-has that changed recently? HL have confirmed that to me, so I'm expecting to retain the CDIs in our ISA's with the ability to sell but not buy, which is fine-I don't want to buy any more, just benefit from any rise in what we have without worrying about tax.
The last I heard from MTR was that they were trying to get II to accept the CDI's as ISA eligible-do you know if II have changed their stance on that?
That’s not accurate as they will be classed as CDIs not normal shares and this is the issue. As it is presently understood only shard are determining the CDIs as ISA eligible. It’s a mess.
Thats seems to be the plan. Of course the question will be asked if we have a fund manager why do we need so many BoD members, it is being cut down to just MM, CH and AB by my reckoning so seems about right. The pressure is very much on MM in particular to get this right, it’s ****ed of a lot of people and cost them a lot of money so he needs to produce results and fairly quickly IMO, nowhere else to hide after this.
Best to go on Twitter and search MTR, you’ll find some of the main contributors and just ask to be added.
Hi All,
Does anyone know long it will take for the shares to transfer over to the asx and be available for trading?
In terms of keeping shares in an ISA, IBKR and IG both allow ASX shares in an ISA. IG allow partial ISA transfers whereas IBKR only support full transfers.
hi Taylot - how do i join the Twitter group?
Taylot …This May Be The Case About Large Shareholders …
But For Sure They’ll Want To Get A Proven …Fund Manager In Place …
The Current Bod … Doesn’t Cut The Mustard …. Makes Far To Many Bad Decisions …
New Name … New Strategy ….New Bod Is A Given Imo ….
Prediction 6 Months Max And The Bods Out …
Well what a total ball ache being a long term MTR investor has turned out to be.
I have been in contact with several other investors all in varying degrees of anger and dismay at this move - predominantly due to the loss of ISA protection, but also the options which are quite frankly a disgrace. But the fact remains that all these company directors do exactly the same and this is what we have to accept - I voted no to the options as did many others.
That being said, I do support this move away from AIM. I have also contacted MM and have been satisfied with his response to my queries and assumptions. The nomad has hamstrung the company for years and as we start to generate real income we need to freedom to move quickly and outside the restrictions the nomad imposes. Major shareholders are fully on board with this move and that also speaks volumes.
For those wishing to continue to chat hotcopper is a good site, but there is also a Twitter group which has some fantastic contributors, if you envisage continuing to hold MTR shares or what will now be Strata then I would look to join there. All the best.
Will be there......GLA
Cheerio folks-see you on Hot Copper.
Just a suggestion but given this message board wont be accessible much longer follow
@chrisparrish on twitter
courtesy of Chris Parrish
chrisjparrish
@chrisjparrish
·
2h
#MTR The Tiger leaves the trading pits of London for a new home on the Australian Stock Exchange supportive of natural resource & mining stocks and home of savvy investors. Paydirt time for investors who've stayed the course. $STI $ASX
https://t.co/CFMPM98p4L
$CBE This March has seen continuing Cobre focus on infill drilling at Comet in their Ngami #Copper Project. Assay results will be highly interesting. #MTR holds 19.29% of $CBE.
https://twitter.com/i/status/1638626650010034197
$SFR drilling boreholes at A4 Resource to locate water in aquifers in advance of obtaining the Mining Licence at this significant deposit near T3 Motheo Mine. #MTR hold 2% NSR on all #Copper #Silver at A4 . #Kalahari #Botswana
https://twitter.com/i/status/1638428330985750528
Bye for now GLA
Investigation Needed …..
Investors Shafted …..
Whilst Directors Deal Themselves Bonuses And Reduced Priced Options ……
Totally Stinks …..
The delisting has robbed AIM retail holders at 60% discount to NAV! Scandalous. This will likely fly up once off AIM. You can see the MMs have played this well too
Worse part is that MM’s total remuneration package increased from last year… haha.
A joke would be an understatement!!
Unbelievable, the sheer greed and lack of morals that's been shown by the board of Metal Tiger.
Market Cap £14 Million
a LOSS of £6.5 Million
Yet every single director received a bonus, £150k for Michael McNeilly plus £187K salary, plus £14K in “other benefits” £351K total.
What possible targets have been reached that enabled any board member to receive a bonus.
Posting of Annual Report
A complete version of the Annual Report and Accounts can be found here:http://www.rns-pdf.londonstockexchange.com/rns/6744U_1-2023-3-29.pdf, and on the Company website: https://www.metaltigerplc.com/investors/financial-reports-accounts . Copies of the abovementioned document will be posted in accordance with the timetable below.
Highlights:
· Registration of the Company as a small UK AIFM ("AIFM") under the Alternative Investment Fund Managers Regulations 2013 ("AIFMR").
· Completed the sale of its remaining 49% interest in Kalahari Metals to Cobre thereby exiting projects division.
· Equity Investments division reported a loss of £5.1m (before administration and interest costs), primarily driven by overall market conditions during the year and more specifically the decrease in value of the Company's investments in Sandfire together with the decreased dividend earned from Sandfire of £146,000 (2021: £1,538,000).
· No incremental revaluation of the royalty over 2% net smelter return ("NSR") over circa 8,000km2 of Sandfire's exploration tenements and in-particular the licence that holds the A4 project, which was a material contributor to the previous results of the Company (2021: £5,214,000)
· The Company replaced its Margin Lending Facility with SC Lowy with an increased new A$15m Margin Lending Facility from a fund under the same Lender, allowing the Company to follow its rights in Sandfire's placement and enabling further acquisitions in Sandfire when deemed opportunistic.
· Net current assets at the year end of £19.2m (2021: £24.1m).
· Loss for the year before taxation of £6.7m (2021: profit of £4.2m).
more.......
https://www.investegate.co.uk/CompData.aspx?code=MTR&tab=announcements