I am not sure what 121 is aiming to achieve. There is a relatively straightforward formula to calculate an NSR valuation. The other side of the coin is the revenue stream. That will come once A4 goes into production. As you say DR, the value of the NSR will only get bigger on the assumption that SFR upgrades A4 and further discoveries are made.
Well well just like a bad penny. CK I hope you are well strapped in for your Hurricane Energy investment. It looks as though that has blown up the wrong way and that the Bond Holders will leave nothing for the ordinary PI’s!!!
Thank you Forrest. 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. I think that CBE/KML can be quietly confident that they could be onto something very interesting. This will provide a useful flow of news in addition to Sandfire drill results over the next few weeks and months.
Thanks Forest. The one point that jumps out of the Cobre presentation, which I think is a major point and does not appear to have been highlighted. It is also a point that could provide real interest over the next few weeks and months as the drill campaign progresses and will provide interest outside of the Sandfire progress. This point is raised on page 12 of the presentation. A comparison of the signature between Sandfire's A4 and CBE/KML - KIT West. To me this signature looks remarkably similar and is classified as Priority Number 1. It looks as though CBE/KML may already be onto something already.
The Cobre EGM to approve the KML transaction is scheduled to be held on Tuesday, 6 April. Metal Tiger will vote in favour of all resolutions where it is permitted to vote. Metal Tiger is currently interested in 19.99% of Cobre and 62.17% of KML. Should Cobre shareholders approve the Transaction at the EGM, Metal Tiger will be issued additional shares pursuant to the Transaction, such that its interest in Cobre will increase to 20.72% of Cobre’s then enlarged share capital, in exchange for part of its shareholding in KML, which, subject to the timing of receipt of change of control approval, in respect of KML, from the Minister of Mineral Energy and Water Resources of the Republic of Botswana, will reduce to 49.00% or 50.01%.
CBE / KML will not want to hang around and we should get news on the drill program very quickly.
Jon, “better assets but their management is useless...” a bit of a tautology. You don’t get good assets with bad management. MTR cannot issue news for the sake of it. The NOMAD system does not allow it. POW has an excellent Twitter ramp campaign but it’s assets are mediocre at best. PJ at his best.
I see Admin have pulled your last post 121.Carry on the way you are going and at this rate it might be your last post. You are bordering being irritating, nasty and disruptive.
Here was my reply. Just like a bad penny. The last capital raise was over 2 years ago. There are hardly any AIM companies that can exist without placings. Your point in respect of the CEO is at best scurrilous and unsubstantiated. Why don’t you e mail the company rather than sounding off on a public forum? Of course that’s not your raison d’etre! P.S you say that English is not your first language. What is?
Taylot, completely agree. I really cannot be bothered to engage with these individual anymore. A waste of time. Tried to but clearly they have their own agenda. They should sit under a bridge together and keep each other company.
Dibs, he left Metal Tiger in early 2016 but made a short come back as a NED in Dec 2016 and then left again in Feb/March 2017. This was to sponsor and reconstitute a new Board in the wake of the Borelli / BMR fiasco in early Dec 2016. No idea why he suddenly stepped down but he may have felt that he had done enough and time to pass onto a new CEO in hindsight that was an unmitigated disaster!
Agreed Herby, It looks as though recently registered posters such as 1to1 have a principal aim to sow discord hiding behind their avatar. Never too sure what their aim is. Some people have speculated that they are in the pay of market makers or indeed may even be one. In any event they usually know a little about the company but not a lot. 1to1 being a case in point. He/she claimed that MMc over threw P Johnson in a coup. That is categorically untrue. I know this, because as a major shareholder, I was consulted about the Board composition and was aware of the shenanigans that went on in Nov/Dec 2016. At the time there were only a handful of shareholders that had a holding of over 1.6m or 16m shares. If 1to1 was one of them he/she would know what transpired in Dec 2016! Unfortunately today we have to deal with trolls/keyboard warriors that get their perverted kicks from spreading false and misleading information at every possible turn. Anyway I wish all genuine shareholders and contributors good luck.