Member Info for AP100

Ya gorra Laugh... :)

Brian Menell, Chairman and CEO of TechMet, said: "Phalaborwa has the potential to become one of the most environmentally friendly and lowest-cost rare earth projects anywhere in the world. Thanks to Rainbow's proprietary separation technology, Phalaborwa provides a significant opportunity to fast-track production of the four most economically important rare earth elements which are essential for future supply chains for electric vehicles, wind turbines and other products vital to the energy transition and the global economy. TechMet, is excited to be able to continue to support this outstanding project, which will produce rare earths in the most responsible manner possible."

For information:

https://asia.nikkei.com/Business/Materials/Japan-and-Saudi-Arabia-seek-joint-rare-earth-investments

For information:

Received today from ii....."Following up on our phone call. I am just writing to confirm that our corporate action team have confirmed that they have received all the relevant documents from Metal Tigers and our settlements team are working on depositing the holding and this should reflect on customers accounts shortly."

Hi bigmj....good to see you are still on board...

For Information: There is a new thread on Hot Copper......`Metal Tiger/Strata - UK Investors Thread'..............it is getting quite a following....although I am sure most UK investors still visit this board from time to time, it would also be good to see you visit HC ... :)

Look on ASX website...search MTR......updated every 20 mins......no volume at present though...

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..

Will be there......GLA

Pb.....I think they were well aware of the chaos this would cause to minor UK investors but pushed ahead for their own interests ...which is usually ...personal gain!

For information:
Received from Interactive Investor.....

"ISA Customers
Due to HMRC restrictions on ISA accounts, Metal Tiger CDIs are not considered an ISA-qualifying investment. Therefore,
on or after 1st May 2023 (30 calendar days following the delisting) we will arrange to move your shares to a linked
Trading Account, opening one on your behalf if you do not already have one."

I also have a Trading account with them so no problem there for me....After considering all the available information, I am holding and agree with MrR.... I note, the proposed consolidated options awards are vested and set at 20p.......and, IMO...as this appeared a very rushed/rash/frantic decision by the board there must be a hidden looming deadline....maybe..... for some other major corporate action when listed only on the ASX ?

Disclaimer: Could be wrong..... :)

https://www.proactiveinvestors.co.uk/companies/news/1008574/metal-tiger-london-de-listing-decision-not-taken-lightly-1008574.html

bigmj.....thank you for sharing your thoughts on recent events.....appreciated....

Is BMJ still a major share holder here....be interesting to hear he's take on this event ?

ii - Interactive Investor.....

you gorra laugh.......lol

From another board:
was a long note issued by broker SP Angel yesterday.
Rainbow's share price is currently 10p to Sell and 10.5p to Buy

Here are 3 small extracts:

1.
• Rainbow have around US2.4m of cash in the bank and is not currently considering the issue of new equity.
• Rumours of Rainbow’s going financial concern are unfounded.

2.
Rainbow likely to fund rare earths project feasibility & development through US supported funds ...

BUY – Valuation 60p

3. (from the conclusion)
We are confident that new funding for the project and more important the K-Tech technology being used will attract substantial interest from multilateral and other critical materials funds

From another board:
LME Considering ban on holding any Russian metals in their warehouse....includes copper !

Sandfire has announced positive news flow, too. Earlier this week, the Australian group released a positive definitive feasibility study for an expanded 5.2m tonnes per year mining operation that combines Sandfire’s T3 Copper-Silver and A4 projects at its Motheo Copper Mine in Botswana. The economics are compelling even allowing for a 9.5 per cent upward revision in the projects capital’s costs. That’s because Sandfire estimates an all-in sustaining cost (AISC) of US$1.79 per pound of copper, or half the current spot price, which produces a net present value of $548mn (7 per cent discount rate) over a 10-year mine life with peak annual production of 55,000 tonnes of copper-in-concentrate. Sandfire has already invested almost half of the US$397mn of the project’s development costs, and has secured $140mn of project debt finance facilities with a syndicate of banks.

Metal Tiger’s holding in Sandfire aside, the company holds a 2 per cent net smelter royalty (NSR) on the A4 project, which has been conservatively valued at £9.7mn (5.7p a share) in its accounts, and a capped NSR over the T3 project (carrying value of £1.3mn). Royalties from A4 could be worth $8.9mn (£7.7mn) a year to Metal Tiger (at an annual production rate of 3.2mn tonnes and a copper price of $9,000 per tonne – consensus forecasts on Bloomberg for period of production), highlighting the potential for a massive uplift in the value of this investment. Moreover, Metal Tiger has several other potential copper targets owned by Sandfire in Botswana that are subject to uncapped NSRs.

Although Metal Tiger’s share price has rallied 22 per cent since I last highlighted the glaring valuation anomaly (‘Exploiting a valuation disconnect’, 20 June 2022), and is 48 per cent above the entry point in my 2020 Bargain Shares Portfolio, it is still trading around 20 per cent below my spot NAV estimates. That’s a harsh valuation. Buy.

Not sure if this update from IC already posted (09.09.22)

Bargain Shares: Mining for hidden value
Investors have yet to cotton onto the massive investment gains made this summer by an Aim-traded investment company focused on undervalued natural resources opportunities
Simon Thompson

£9.6mn of negative fair value movements on investment portfolio reduces interim net asset value to £29mn (17.1p a share)
Since period-end, holdings in Sandfire and Cobre have generated cumulative mark-to-market gains of £13.5mn (8p a share)
$1.2mn of cash return from Andean Copper holding in July 2022
Investors should not be concerned by the first-half pre-tax loss of £9.4mn recorded by Metal Tiger (MTR:18p), an Aim-traded investment company focused on undervalued natural resources opportunities. This reflected mark to market negative movements of £9.6mn on the company’s equity investment portfolio and £0.3mn of losses crystallised on disposals during a volatile period for resource stocks.

However, since the half-year end, the company has recorded sizeable paper gains on its two largest shareholdings: a 1.7 per cent stake in Australian Stock Exchange-listed company Sandfire Resources (AU:SFR), a mid-tier A$2bn (£1.18bn) mining and exploration group that is developing the T3 Copper-Silver and A4 projects located in Botswana’s Kalahari Copper Belt; and a 21 per stake in Australia's Cobre Pty (AU:CBE), another Australian Stock Exchange-listed company that is also developing four projects in the Kalahari Copper Belt close to Sandfire T3 and A4 deposits.

Cobre’s share price has surged 18-fold since early July, so post Metal Tiger’s half-year end, after the company’s drilling campaign revealed several significant copper intersections at its Ngami Copper Project in Botswana. The data strongly suggests that Cobre is sitting on a new copper discovery within the Kalahari Copper Belt, hence the share price reaction. Moreover, Metal Tiger invested A$1.47mn, at 15c a share, in Cobre’s A$7mn summer fundraise to lift its stake to 44.6mn shares. That recent investment has not only more than trebled in value, but Metal Tiger already held 34.8mn shares which have surged from £0.5mn to £9.5mn in value. The enlarged holding in Cobre is now worth £12.2mn (7.2p a share). The stake in Sandfire is currently worth £19.1mn (11.3p a share), well above the £17.9mn valuation at 30 June 2022.