Member Info for Chestec

There may be a steady stream of RNS “activity update” announcements from Cobre / Armada / Southern Gold, but these are not going to have much influence on the MTR share price as they are all in the early exploration stage and years from production. It feels like we are treading water at the moment and this is reflected in the share price. Waiting for the NSR payments from Sandfire to kick in once the Motheo mine gets into production.
It’s been a very long wait for some of the long term holders…
CEO McNeilly has been pretty quiet lately so we have no idea what (if any) further investments MTR are considering. The only catalyst I can see which would have an immediate and significant impact on the MTR share price is if someone makes a move to acquire Sandfire Resources.
I continue to hold and wait….

I agree. Have just added £5k worth at 140p. The SP has dropped a little in last month and I think this is a good top up opportunity. I believe that CNIC will rebound soon. GLA.

Life of Mine is an issue to consider if like me you plan to hold CAML stock long term.
The 2023 production guidance from their last ops update projects similar yields to last year eg:
- Copper, 13,000 to 14,000 tonnes
- Zinc in concentrate, 19,000 to 21,000 tonnes
- Lead in concentrate, 27,000 to 29,000 tonnes
I’m not aware if we have seen any guidance from CAML on when they expect to see yields from Kounrad and/or Sasa decline. Would be interested if anyone has a view or any info on this?
I’m happy to continue holding, given the steady capital growth and decent divi returns.

Zeus Capital may be a tad over optimistic methinks. But I see this as a top up opportunity and have just added 8,500 shares @ 117.5p to my holding.

I’m a realist and I’m still invested in MTR. Sold the majority of my holding off when it reached the high 20’s a while back and glad that I did. Now down 41% on the remainder.
It seems to me the the board have lost their bottle in selling off their KML holding to Cobre and then subsequently selling off Cobre stock. In the meantime Cobre continue to report positive exploration news and the long term prospects for copper price look good. I would have preferred them to sell off more of the passive investments if cash in the bank was required.
Now we wait for the NSR revenue stream from Sandfire to come on line next year. I have no idea why the SP continues to fall as this event gets closer to hand. But it’s been very disappointing that the board of directors don’t seem able to explain to shareholders what their strategy is now.
McNeilly - you’ve gone very quiet. Why is this?

A solid all round performance from CAML who continue to look like a well run operation generating bucket loads of cash. The 10p interim dividend is payable on 21 October 2022 to shareholders registered on 30 September 2022. Worth bearing in mind if you’re thinking of topping up. I am…

Thanks for the stab at a NAV valuation. From this morning’s RNS, we have an update on MTR’s assessment of the values of their Cobre stake:
“As at 26 August, Cobre’s share price closed at A$0.565 meaning that post completion of the fundraising in which Metal Tiger maintained its pro-rata position the value of Metal Tiger’s investment is A$25.2 million”. That’s around GBP £14.8m by my reckoning. Adds another £1.3m to the valuation you complied.

‘battening down the hatches’ is a pretty good description of what MTR have done in the last week. If McNeilly foresees a major recession / bear market coming then he may well be right to do this. But it leaves long term shareholders sitting on a large paper loss at the moment. I invested in MTR in hope of some significant copper exploration finds across the Kalahari copper belt - and willing to accept the risk in exchange for a potential multi bag return. Now that possibility is gone and we are reduced to sitting on our hands waiting for the NSR revenue to kick in. That may bring the share price back towards the 2p mark which I suspect is around the break even point for many on this BB. But it’s a pretty poor return for 5 years of waiting.

Well, at the moment, I’m adding to my holding. Just bought another 34,617 shares @17.91p. Now back to holding and waiting.

Some selling today as some folks just want a quick profit and not waiting for the final 2021 dividend of 12 pence per Ordinary Share. This is payable on 30 May 2022 to shareholders registered on 6 May 2022. This brings total dividends for the year to 20 pence (2020: 14 pence). I’m happy to hold, wait, and bank another nice divi payment.

Sorry folks looks like I was dead wrong about the “this could be a big moment for MTR” theory. No significant news from these drill results - I’m at a loss why CBRE were asked to suspend trading in their shares at all. Back to watching and waiting…

This may just be a big moment for MTR. Why?
As I understand it:
Kalahari Metals (KML) has exploration licences covering some 8,000 square kilometres in the Kalahari Copper Belt and they started an exploration drill programme in October last year.
Cobre owns 51% of KML and MTR the other 49%
MTR also owns 21% of Cobre and thus a greater interest in the KML licence area and exploration programme.
MTR also has a 2% Net Smelter Royalty over most of the KML area.
So if KML either:
….Announce some significant results from their exploration programme.
Or…there’s an investment in / acquisition of Cobre as a whole ( I’ve always suspected that Sandfire would be interested in securing the rights to a greater part of the Kalahari copper belt)
…then this could be a significant driver in MTR’s share price.
I could be dead wrong about this. But if I’m even half right then this could be very good news.

I’ve bought in too purchased 4219 shares @ 118.5p this morning as this looks like a good entry point.

I may be the ant riding on the elephant here, but I’m with Mike. Bought another 22,965 shares @ 17.87p today.

Been here 5 years now. Share price is now lower than when I first bought some in 2017. I was lucky enough to sell most of my holding when SP briefly reached 30p. Have been buying them back since then and added another £5k this morning at 18.45p. Our time will come…

A nice rise and that’s a nice start to my investment. Today I feel like Buffett. Tomorrow I’ll go back to being a muppet ;-)

Hello all. I just bought £5k’s worth @ 502.9p. Long term hold for me and I’m hoping this is a good entry point. GLA.

2 observations about the CEO share purchases:
1. I’m surprised he owns so few shares in the company and I’m sure that there are folks on this BB who own more than him.
2. Can’t help feeling that these buys are a coded message to investors to hold on for some good news coming around the corner.

I just bought another 26,674 shares @18.70p. My 2nd purchase of the week. Quietly accumulating…

Sub 20p again. Time to add. I’ve just Bought another 25,416 @ 19.625p