KB, I understand the audited accounts as at 31 Dec 2020 was the last item required. So I imagine pretty soon.
Ok TF1. I was in touch with the BOD Directors last week and a major re write of the MTR presentation is taking place and PR will follow and support it.
TF1, DR summarised the case to buy MTR this morning pretty well in my opinion.
Hi Howard, probably best to inject the royalty into an SPV/SPAC and list on a Canadian exchange. Better forward multiples there!
GGP was sold off for a big profit last year. I doubt MTR have made millions but will have done well trading over the last 6 to 9 months. I imagine they will have been in and out of. SFR/SFR/LCL/PAM/PGZAUL etc........
TF1, I imagine MTR have freed up a lot of cash from investments and have probably traded out of a lot of positions and kept the warrants where issued. I agree the NAV position should look pretty good. What would you recommend the Board do to improve communication? There are only so many presentations you can do. I would imagine that some sort of communication has been had with ST of the FT/IC so we might expect an update there.
Agreed Charaxinae. A nice balanced and constructive comment. I only see a small raise to allow liquidity on the ASX and then for the ASX to be designated as the primary listing. Once that is accomplished no need for the dual listing. Saves the company money by getting rid of the AIM listing. The Cobre investment is staggered but that makes prudent use of cash flow. I doubt a placement would be required to cover that. What could be interesting is the partial monetisation of part of the Royalty. That would help in transparency and the calculation of the NAV. A number of ways this could be done with MTR retaining the upside. Not saying now is the right time. I imagine that MTR will have been approached by a number of Royalty house by now.
Z there is nothing to stop TF1 expressing his views. Once the listing on the ASX goes ahead there needs to be a placing to provide liquidity on that market. This was a mistake that MOD made when it dual listed. Very little liquidity on the London market. Then switch the main listing to the ASX and ditch the London listing!
Agreed Warno01
I am sure that will come Justone. It might make sense for them to buy once MTR has been granted admission to the ASX which I understand is after the filing of the 2020 accounts. So at the end of April beginning of May.
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!!!
Agreed DR. The technical team behind the project look pretty impressive.
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.
Spot on DR.
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?
Eloquently put Brim.