Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The SAU link worked just fine for me.
Lots to wade through on the listing requirements but it does seem audited accounts are needed : "Audited accounts are required for entities seeking admission under the profit test for the last 3 full financial years.Under the assets test, audited accounts for the last 2 full financial years are required.Where an entity is more than 6 months and 75 days into the current financial year, it will also be required to produce audited or reviewed accounts for the last half-year under both tests.A pro forma statement of position reviewed by an auditor is required under both tests."
I believe that a condition of the ASX compliance listing is that the accounts must be finished and released beforehand. So If MTR are listing as announced on ASX:
"Metal Tiger PLC - 30 April 2021 " I'm expecting them soon. Plenty going on behind the scenes I'm sure. It would also make sense if MTR were to give interviews and a presentation together with the Oz listing. I see no reason to try to communicate with AIM traders. MTR more for value investors IMO (and obviously a few small fry Spreadex/CFD traders :)
https://www.miningnews.net/project-finance/news/1408338/cobre-raises-for-botswana-exploration Looking good
https://www.abnnewswire.net/press/en/105055/Cobre-Limited-(ASX-CBE)-Cobre-Successfully-Raises-A$67M-for-Botswana-Exploration.html
"Placement attracted significant demand from both existing and new sophisticated and institutional investors. " Bodes well for MTR's ASX listing.
"Supply deficit boosts Sandfire share price to buy
The first is the Sandfire Resources Ltd (ASX: SFR) share price. Goldman Sachs upgraded the copper miner to “buy” from “neutral” as it revised up its copper price forecasts.
The broker reckons the red metal will jump by a third from the current spot price to US$5.39 a pound next year. It also lifted its long-term price forecast by 24% to US$4 a pound.
Goldman believes copper and aluminium are facing a supply deficit over the long term. Miners cannot keep up with demand from renewables – a problem made worse by a lack of investment in new mining projects.
The broker’s 12-month price target on the Sandfire share price is $7.60 a share."
I would Mullins thanks but if someone sees fit to post misleading erroneous statements, I'll do my best to correct them. I do have my limits though!
Lol. Take a breath 121, you'll bring on another attack :) You don't understand the value of NS Royalties so I suggest you read up on them. The big question re the 2% Tshukudu NSR is how will Metal Tiger monetise its asset? Will it be sold to a royalty company? Will MTR be the subject of a T/O? Or will they hold onto the royalty until the copper/silver comes into production? Answers on a postcard please.
What nonsense you spout 121, with the agenda of deramping the stock to your own financial advantage. The fact is simple and clear: the NSR is a financial product and as such has existing value which adds to the attractiveness of MTR as a genuine investment. Your sort of quick buck trader will struggle to squeeze blood out of it and will only see the NSR as not having value. Hence the terms Boy Traders and Value Investors. Horses for courses. Shouldn't you be derampng GGP or some other AIM stock you can shaft?
That's already been posted 121. Last night in fact.
Not me 121. Another wrong assumption. The royalty exists now, this instant and has value now, this instant. It can only increase in value from this point as more copper and silver is scoped.
The NSR has intrinsic value which can only increase. Royalty companies will be eying the Tshukudu NSR so the idea that the royalty has no value until the copper & silver are out of the ground is disingenuous claptrap designed to mislead ofc. The only question is, is what price MTR will sell the royalties for. It's called value.
Looks like fair trade winds are beginning to stir for MTR...
"AFR - Street Talk
Metal Tiger-backed Cobre Ltd readies raising
Apr 13, 2021 – 9.01am
Copper explorer Cobre Ltd is expected to land in front of funds on Tuesday, with a capital raising to fund drilling activities at its Africa-based resources projects.
Copper explorer Cobre Ltd is expected to launch a raising on Tuesday. Louise KennerleyThe company is expected to launch a $7 million raising at 17¢ a share, and had drafted in Canaccord Genuity to help it stitch the deal together. Cobre’s shares last traded at 20¢.
It is understood Cobre’s biggest backer Metal Tiger had committed to taking up its 21 per cent pro-rata allocation in the capital raising, to avoid dilution.
Money raised would be used to fund drilling activities at Cobre’s Botswana projects, in the Kalahari copper belt.
Cobre listed on the ASX in January 2020, with help from stockbroker Ashanti Capital and financial adviser Sternship."
And dilution as we know on every stock is inevitable. Unless you can name a stock on AIM that has suffered no dilution? More interestingly for those that don't just watch the share price or hope it drops is the fact that KML is gearing up to get drilling on prime Kalahari targets. Quite special to have reached the stage of having a 49% share in a project with hands on the reins. Julian Hanna bless him wasn't the most cooperative JV partner. The tech team they haver behind that KML project is impressive. GL all genuine MTR investors :)
"The one point that has not been made but to me is glaringly obvious from the Cobre presentation (see slide no. 12). This point relates to the comparison between the signature of Sandfire's A4 deposit and the signature of CBE/KML - KIT West. To me this looks remarkably similar. I also note that this is designated as Priority 1 for the up and coming drill program." Yes agree Illaquens. If that high calibre team of geos have put that Kit-W as priority then it has to be special. Originally KML discussed the deeper mineralised redox contacts on fold limbs but the talk now is back to the SFR language of anticlines with potential shallow deposits in the upper sections of the domes-just like SFR's unique A4 deposit. Kit-W priority targets do look similar to A4 from the images in the GeoTem AEM images. Only way to test it is to get the drills turning! :)
121 have you heard any more about the BMV settlement with SAU? I bet like me you're hoping SAU get a nice juicy return on that especially as the mediators seemed to want to give SAU a generous settlement. I look forward to news!
The share tarts are out in force it seems, trying to get the sp down, knowing the price of everything and the value of nothing. But patience and recognition of value are the investor's best tools, while traders have to rely on daily fluctuations in price, which drives them wired and crazy :)
Yes I understand that POW is well marketed. PJ is a specialist at communication on AIM as he knows the value of PR to his type of small operation. MTR is a much larger, more mature company in all ways and will only promote when it has news to share with the market. Because of the trading arm deals ,complex project deals (such as with CBE on the KML JV) and now the move towards the final stages of the ASX listing , news will be limited to important updates only. The NOMAD strictly forbids forward looking statements unless they can be fully substantiated as fact. Also because at present MTR is closely allied with SFR, the lack of news there is also holding MTR back. But then, just because it's a quiet period it doesn't mean progress isn't being made behind the news blackout, value added, deals clinched. It seems folk have a tendency to invent news when none is forthcoming as we see from the resident blathering village idiots. Investors, especially inexperienced ones, have the need to be comforted now and then, but my take is that MTR has an experienced, time served team in charge, so I put my faith in them. But each to their own.