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It's a story as old as the Botswana anticlines themselves O King of the Cash! As a long term shareholder of Metal Tiger, unlike yourself, I am happy to see the MTR board members very well imbursed for their hard work as long as I and all other genuine shareholders benefit in the end. Pay peanuts, get monkeys. MTR has a very well qualified board, unlike some other companies I have had the misfortune of investing in and long may the teamwork continue . Scrutiny of directors salaries is of course healthy, but it has to also be put into the context of long term performance. The MTR are very busy restructuring the portfolio, so personally, I'll be waiting a few months before judging the outcome. Best of luck to all genuine MTR holders!
Rumours from Oz suggest SFR drilling is taking place at A4. If confirmed, for many of us genuine investors it will be a welcome relief to see SFR picking up where MOD decided to lay down tools and rest on their laurels. The data room must have a wealth of information that needs piecing together. A copper/silver rich A4 just a few km from T3 is just what Karl Simich wants for Xmas before the mine throughput size is finally set.
I hate to ruin a good fairy tale, but with respect , MMc hasn't received any remuneration for his time at ARKLE.
I always find the best place to getr the facts is from the board itself.
Maybe catch you good folk at the next MTR meeting?
Let's keep the posts respectful and factual if possible?
Always best to be cynical when investing, but not blind or ill informed:)
Exactly right Keith. MTR will announce as soon as they come out of the closed period. There was vague speculation at the EGM of a 2-3 week wait but that's not official. All the paperwork with Arden ready I believe.
Good article here on Twenty Seven Co who are RC drilling 20km north of Cobre's VMS project in the Central Yilgarn. Plenty of positives to focus on for investors . https://www.nextsmallcap.com/asx-gold-explorer-drilling-vms-deposits-prolific-wa-goldfields/?utm_campaign=TSC-MA&utm_source=twitter.com&utm_medium=social
Vicky Pollard couldn't have put it better Illaquens :)
What a lot of old cobblers Joebop:)
The only thing that reeks of something rotten here is the agenda of a few posters.
The share buyback may spoil a bit of lucrative fun for some, but coupled with some hopefully good news from KML, SFR drilling, the £564k dividend, and other potential sources , the buyback if well managed will be part of a sensible remedy.
Cashking I can't help but notice that your posts are always in the negative and that you tend to appear when the share price is under attack. With your incessant moaning I can't believe you hold any stock so it does make me rather suspicious of your motives!
Just to illustrate my point here are a few of your posts on MTR from October 2018:
- [ ] I think I can spot a pattern here:) Note the exclamation marks. The only reason anyone would waste month after month trashing a stock would be to personally benefited pens if they say no to a mining license ?
Can you justify the mcap ? Personally I feel its overvalued @ present !
Do you class investing @ 3p 2.8p and 2.4p to being a success ? Mmmmmmm
Doesn't really take much thought !
Now that's a solid update on Solg , maybe here one day ! The question is what's going to move Mtr s sp up for a change !
Profit margins evidently rather slim !
Not doing great !
Nothing to do with the poor performance of the trading arm or the poor timing and price of the placing !
Sp not looking good !
To prove up the other Ts and "Possibly " sell our 30% s , then there's the question of how MODs going to acquire them ,doubt very much it will be cash !
Then it begs the question of how much financing Mtr will need going forward till any payday !
Of note the company spent approx £283,000 a month on admin in the first half of the year !
There's also a possible 500,000 dollars to be paid to our new partner in Botswanna by December !
Then no one seems to know what the fees were for the Fundraise ,and why it hasn't it been mentioned ?
Re lots of rigs ! Sounds expensive !
Our Bonks bigging it up whilst dumping out ! Oh dear how many did he trap !
Maybe just wait until the KML news is out? Also £564k dividend from SFR on 29th November.
It's a good job that MTR isn't a junior miner then, but a natural resource investment co instead ! MTR are sitting nicely at present and the share price being low has the advantage of being good and cheap for the share buyback, when MTR come out of the closed period. The Cobre and KML projects are feathers in the board's caps if the smiles on their faces at the EGM are anything to go by. I'm happy to be patient and wait for the results to prove themselves, as well as for the base metals market to improve. But I do understand if unhappy holders ( I assume?) like yourself wish to sell and find fortune elsewhere.
Positive collaboration, networking and deal making is exactly what MTR should be, and is doing!
Agree Copperman. Mark Potter a significant player on the MTR board so I'm convinced it will be a move to benefit the company. Trident " was formed in 2018 as an investment vehicle to identify, assess and acquire near term mining development and production assets to generate value for its shareholders." That could be a very useful network for MTR to be a part of.
A perfect price for a share buy back. Many AIM investors selling stocks to jump om board the EUR bandwagon. Have no fear, MTR will be back with news on several fronts. Ignore the noise as ever.
I've had a quick scan through some of your 12000+ posts on LSE Cashking and am struggling to find many positive posts on any of your target companies. I can't imagine with such negativity that you actually invest long in any of them. A shorting strategy would suit your cynical approach, but I'm sure you're well aware of that:)
Absolutely Illaquens. Cashking is just attempting a wind up. MTR have done very well indeed in this low market to secure the deal with SFR with the shares. They can secure good loans against the value of the SFR shares. Dilution since the MOD acquisition has knocked a few SFR ii's to under a 5% threshold, hence the flurry of Anns on SFR ASX last night. Predictable though! With their AUD $13m+ budget set aside for the initial Kalahari exploration drill programme starting end of October any good hits should push their sp upwards. Great to be in with a feisty Copper miner which means business as opposed to our fading JV with MOD. Black Butte may be secured too.
Then add an assumed gross cash dividend in November of approx 564k GBP brings the total value nearer to 23.5m GBP at around 6.5AUD
Copper play Cobre readies blue sky IPO pitch-Financial Review
Sarah Thompson and Anthony Macdonald
Oct 8, 2019 — 3.39pm
While tech sector listings are hogging the limelight, there's an old-fashioned minerals exploration float out of Western Australia that is getting a few brokers and potential investors a bit excited.
The initial public offering contender is copper exploration company Cobre Pty Ltd, which is the 80 per cent owner of Toucan Gold Pty Ltd and has a bunch of tenements in the Panhandle and Illaara Greenstone Belts in WA.
And it's at these tenements, together dubbed the Perrinvale Project, that Cobre reckons it may have something pretty valuable.Minerals explorer Cobre is seeking to hit the ASX boards by early 2020, and has retained Ashanti Capital and Sternship Advisers to oversee the mooted listing.
Cobre managing director Martin Holland, of Lithium Power International fame, recently told backers his company had discovered a VMS deposit "enriched in copper, gold, silver and zinc" from its maiden drill program.
Holland said the last significant VMS deposit in Australia was discovered more than a decade ago by Sandfire Resources at its Doolgunna project.
Holland also said a similar story was playing out at Stavely Minerals, whose shares have gone from 25¢ to $1.45.
Cobre needs funds to further its exploration and its chosen method appears to be an initial public offering and ASX-listing.
It is understood the company has hired stockbroker Ashanti Capital and financial adviser Sternship to help prepare for the float, which is likely to see it raise $8 million for an $18 million-odd indicative market capitalisation.
Interestingly, Cobre is already backed by specialist fund Metal Tiger, which took a 19.9 per cent stake in a recent pre-IPO funding round. Metal Tiger was the largest shareholder in MOD, which is set to be snapped up by Sandfire Resources.
Excellent well presented post Glos. I quite agree.
Thanks CK !