Member Info for Bolgas

One might have assumed you’d of done a little research before asking questions.

Fact one of largest shareholders is also one of the largest at CERP, previously LGO, might suggest there’s more substance than you suggest.

Maybe take a read of that updated blog and fire some questions this way, or feel free to read those RNS reports.

Good starting point IMO is reading the Mod Resources presentations and go from there.

Good luck to you whatever you decide.

It could be how Sprott have to report holdings, first to include private clients holdings then again once those holdings have been distributed.

What I can say if we look at trading over the days between notification dates there simply wasn’t the amount of shares traded to make that reduction in Holding possible.

Perhaps the date when reduction was triggered being the same date Sprott transferred shares to their private wealth clients? It certainly makes more sense to me.

Cashking, that’s a little misleading on Sprott. The last placing involved Sprott taking £2.6 million split between Sprott and thier private clients:-

“Sprott Capital Partners, a division of Sprott Private Wealth LP and Sprott Global Resource Investments, Ltd. were engaged as finders to Metal Tiger in the Sprott Offering.”

The intended Sprott holding was to be 10.6% following this placing however that has been increased to 12.7% as per latest RNS.

If we ignore what I consider an incorrectly issued holdings RNS in the middle you will find that Sprott took c70 million of latest placing and c20 million going via their private wealth clients. I don’t believe it was possible for the middle holdings RNS to be accurate, perhaps that included total holdings of thier perosnla wealth management clients in addition to Sprotts.

In short Sprott increased from 8% to 12.7%, hardly bad news anyway you want paint it.

Near on £7 million by my quick maths.

Enough for a long time yet, even longer if they can get share price up enough to exercise them warrants, I’ll be very happy when they converted.

Have you sold Cashking? Risky business down here I’d say.

Bit of news, not but of news at the end there.

Good luck to you.

Comms has been poorer than expected, however from my understanding they are concentrating on A4 dome to create a template for other domes, need remember they are drilling down to NPF as well as firming up what’s contained in these domes.

We do have this that’s outstanding and I expect these shortly:-

“6 drilling rigs are now operating at the A4 Dome with assay results awaited from several significant intersections.”

We also have drilling starting at T4 and T23 domes next month, I’m only here for exploration the trading arms is kind of irrelevant on a forward looking basis, besides I expect those short term paper losses to be longer term substantial profits once again.

If you believe MOD will hit copper at these new targets as I do, then today’s price is looking a real bargain entry.

But if news on KML wouldn’t go amiss, a few targets will certainly wet markets appetite.

Just need some assay results back to get a rocket under share price:-

On 12 June 2018 MOD announced drilling on the A4 Dome had yielded an outstanding drill intersection and subsequent drilling results have confirmed further copper intersections in the area. The circa 5km A4 Dome is located just 8km from the 60MT T3 Pit Project and planned processing plant. Drilling at the A1 Dome has also intersected visible copper mineralisation. The A4 Dome and the A1 Dome together with the T3 Deposit, form part of the 700 square kilometres T3 Dome complex.

Haha, if your trolls has stayed away then I’d of done same. You seem forget that, I never strayed to BMN yipir lit came and found me.

Stop being a turd, concentrate on what you’re doing, kept saying that but your trolls from the closed groups just couldn’t stay away, still can’t it appears.

I invest in many stocks, if you want to troll me here I’ll just disappear, no problems with me, find the boards boring these days anyhow.

Happy trolling.

There’s no money in shorting this today.

We have buyers likewise sellers, few larger orders with a good churn of stale holders to fresh hands that will serve us well in our next leg up.

Much to be excited about here short and long term, one of those very few stocks that appear from time to time that give you very little to worry about if you are willing to sit on your hands a short while, in investing terms that is.

Just look at the potential of that NPF contact zone that’s now a priority, 120sq KM, at say 20 meters 1% copper, it’s so vast it’s beyond comprehension, if they hit 2% copper across the zone it’s mind blowing.

I’d be gutted with a takeover out at that price, only two domes in out of how many, must be twenty or so identified thus far. Each of them worth say $500 million plus the NPF contact zone, that’s into tens of billions of projects without really getting started.

That’s why they need drill drill drill, this has to be one of the hottest copper prospects for years, I’m expecting offers in the billions not millions lol.

The NPF contact is interpreted to host most of the high grade vein related deposits in the eastern part of the Kalahari Copper Belt including Cupric Canyon’s Zone 5 deposit (~2% Cu) ~120km northeast of T3, and MOD’s T1 deposit (~2% Cu and 50g/t Ag) ~20km northeast of T3. For this reason, the NPF contact is regarded as a high priority exploration target within the wider T3 Dome and elsewhere on MOD’s holdings along the Kalahari Copper Belt.

Mark Potter, a current Board member, will take on the executive role as Chief Investment Officer effective immediately. Mr Potter has over 15 years of international investment experience in the mining sector and is the Founder and a Partner of Sita Capital Partners LLP, an investment management and advisory firm specialising in investments in the mining industry.

Sita Capital:-

OUR PEOPLE
Sita Capital has professionals with successful track records of investing in the mining industry.

The team brings world class operating and technical expertise from BHP, Rio Tinto, Anglo American, Vale, and a leading mining consulting firm SRK Consulting.

Team members have been directly involved in the management of over 100 mining projects, which include some of the most successful mining operations in the world.

Interesting that Sprott hold more then had been anticipated by MTR, note Big MJ’s holdings got diluted following Sprott placing, still following recent rns Sprott have increased quite significantly from the c10% quoted at 06/09/18 to 12.7% on 21/09/18:-

https://www.metaltigerplc.com/index.php/investors/securities-in-issue

Worth noting for anyone looking in, specially given recent findings are significantly higher then grade assumes here, 80-120 square km, that’s a lot of copper:-

Q4: You obviously see significant value in Kalahari Copper Belt, what is the future for the area & what can Metal Tiger shareholders expect to see?

A4: The future for the area, in my opinion & it really depends as it still very early days, the one interesting thought that I’d like to put out there is look at zone 3 at T3 which is the base of the contact between the D’Kar & the Ngwako Pan & you’re getting sort of a consistent 0.6 to a little bit higher over 10–20 metres. If that proves to be consistent over 80 square kilometres, obviously taking into account the folding & other potential things that have moved that contact, if that’s consistent over 500 metres over say an 80 -120 square kilometre region, that is a huge amount of copper, we’re talking very very large quantities.

Now, of course, it’s very early days but that’s just one example of where you could have district-scale potential, of course there’s also likely to be other deposits which are similar to T1 or to what you have over at Cupric & there’s also the potential for other deposits like T3. In all honesty, you have to go & drill them but the steps & the technical teams at MOD & KML, I think there’s going to be a lot of information flying around & there’s going to be a lot of very exciting & interesting targets. Clearly, if MOD is able to prove, through drilling, could be a matter of weeks, that AEM & the AEMA work that they’ve done is proving as a good indicator for finding copper, well then that will really improve all explorers on the belt in terms of trying to generate good targets.

Big share price call indeed, based on a lot of assumptions.

Think about it though, what are MTR doing buying MOD shares on open market today? It’s totally senseless unless they plan on selling with all those options and a limit of 12.5%. If we are to believe what JID wrote on the other forum, he’s a very credible guy, Sprott are advising MTR on direction. It would make sense in the near future to offload our share perhaps retaining a shareholding to a third party that can fund all necessary drilling and costs of getting to production. Saves an awful lot of dilution along the road for all concerned.

Our new JV has had airbourne surveys in, they will have a very good idea what’s within those licenses, so much so they are looking at increasing them vastly, what a way of getting a fully funded project majority owned by MTR with millions banked that will enable us to get exploration done and potentially our own first producing pit.

Wasn’t it MTR’s ambition to become a producer? Sure I read that somewhere and ditch the investment arm, if the new licence areas are as rich in copper as others appear then we could be sitting on tens or hundreds of billions dollars worth of copper that we could turn around from being a partner in one to majority shareholder in another.

Not going to happen overnight, many assumptions but you’d like to think there’s a master plan here that’s beyond our MOD offering.

Lastly, haven’t Sprott suggested to MTR they concentrate solely on Botswana? Hopefully that’s a) new licenses and b) sale of Thia assets.

Many years of progression ahead here, 3-5 years time a billion dollar business plus? I’d not bet against that.

If I was in charge at MTR I’d be demanding they stick a drill hole right in the heart of each of those domes and right down to the NPF contact zone, once those results are in for T3 dome, then get a partner onboard for say 20% of that to fund the entire drilling campaign and cost of DFS etc.

Then turn attention to other domes such as T20, bang some drilling into other strategic targets right down to NPF target if applicable, once a few have struck the golden copper, I’d sell out of MOD for a few hundred million, buy up an additional 20% in our new JV and drill away.

We could end up being worth a few billion if all goes as expected, ruthless business but that would bring in serious rewards for shareholders with minimal dilution and maximum rewards fast.

Just need to know what’s in our new JV area, I’m sure they have a good idea and I expect Sprott who are advising MTR to be saying something similar. 40p or even 60p a share might look cheap soon enough, goes to show what opportunity is on offer today as mr market isn’t awake.

Trading volumes haven’t been high enough for that amount of shares to have been dumped, as you say clear mistake rectified today.

Thought the enlarged holding wasn’t feasible.

Interesting feedback from investor call, nothing better than a few words of wisdom from Scott on the state of play.

So they are looking into a Vanadium rental agreement on one hand and financing a large order on the other, they certainly are busy.

Sure when either are confirmed this will fly.

Chef Bolgas.

You have to laugh at the share price considering those clear buys. They did same just before they did a previous large buy with subsequent holdings RNS.

Can’t be much longer they can hold this below 10p, drilling results soon.

Must be very close to T20 drilling approval now, we also have outstanding airborne surveys for our new JV.

When this does finally get a move on it’s going to be very fascinating where this ends up, hit a few domes on T3, T20 and get that NPF contact firmed up that’ll add huge amounts, many multiples to today’s value.

Add in our new JV drilling, hitting several targets, expanded license areas, where will this be in say two years time? Will it make it without being bought out, I certainly hope so.

Just needs the excitement to start, I’d like to see exploration rigs drilling a new target much quicker then of late, I’m sure this will happen once MOD has resolved its dual listing, however there should be no holding back on our KML licenses.

Here’s hoping anyhow.