Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Agreed TF1. I like the contrarian approach.
Morning TF1, just as well we are not superstitious. The number 4 in Cantonese is an unlucky number and is usually associated with death!
Evening Keith, I am sure MMc or Charles Hall would be more than happy to discuss issues with you. All shareholders however big or small have a voice. I presume you saw the interview Michael gave to Chris Judd yesterday?
Hi Keith, We don’t need a new salesman. In my opinion MMc is doing a great job. Without his negotiation MTR would not have got the Royalty deal or the ISDA facility. He does not control the news flow from Sandfire et al! The news from Sandfire on A4 will provide the initial Royalty value. That is a fact we all know. All the assay results must surely be in so news must be imminent. As for cheap options he did not award himself any. He does not control the remuneration committee. There were some date extensions to out of the money options. Send MMc an e mail and I am sure he will put your mind at rest.
I imagine it will come with the MRE on A4. Hidden value etc...
Bye and good riddance!
NtG I think your query has been answered?
Thanks Taylot, the silver credits also need to be taken into account when calculating the royalty valuation.
I imagine MTR are waiting to release the results at the last moment. They are no doubt anticipating the A4 MRE from SFR imminently.
Tanaga investment now up 57% at C4.7!
I completely agree with you TF1. This individual does not engage constructively so I cannot be bothered to respond anymore.
Hi Pinman, I tried to engage with this individual once but gave up. Clearly a paid basher. Don’t bother to give this clown oxygen. I now always report his posts as disruptive and I suggest everyone on this board does.
Spot on Taylot. This type of poster needs to be investigated by the FCA,
I completely agree with your comments Pinman. This individual has nothing constructive to add and gets kicks from winding up a board. This person usually arrives before big news so we can draw our own conclusions on motive!
I hope so Mullins I was a TR1 holder in this company. MM's PR was absolutely awful!
Hi M if you flick through previous posts by Docmonkey you will see. MTR has tremendous potential and the hidden value is the Royalties over the Kalahari KCB ex T3. As TG once said the royalty could be worth in excess of £500m. That is the value and the annual revenue could provide the basis for a dividend.
I think the interims have to be filed by the 30 September 2020. So they will probably be released next week. The MRE for A4 is due any day so it is possible the interims will be released after this news. Expect a follow up article by Simon Thompson of the IC/FT. As you will know the MRE will allow a value to be assigned to MTR’s 2% NSR. As the MRE is infill drilled the royalty value will become larger and should other targets come to fruition it will add further to the value. So yes there is plenty of scope for a re rate in fact significant scope. Hope that helps.
Based on THR’s market cap MTR’s 11% plus gives a current holding value of circa £1.5m.
Yes Ragnar
My calculation puts MTRs average purchase price on THR at 0.78p.