Member Info for Phatbaz

Just an observation but two weeks ago people on here were talking about an XTR shareholder group, and asking CB some difficult questions. Three days later up pops OSV telling people how hard the XTR board work, and what a wonderful job they've been doing creating value, all while the share price has fallen to a 2 year low.

The same person said, the XTR board can't control the share price, but then blames people on here for negative posts, putting off new investors, and that's why the price has fallen. OK nothing to do with all the missed deadlines then, wonder if 10p a share and stuff it, is still valid.

Gixxer some info from the web about getting a shareholder resolution on the vote at an AGM.

At least 5% of the total voting rights of eligible members, or at least 100 members representing an average of at least GBP£100 each (GBP£10,000 collectively).

So maybe 100 shareholders, or less if our holding adds to 5%, I think CB couldn't ignore that call. The XTR telegram group has over 200 member, and I think lots are disillusioned, even with the roast guys now.

They've said they think they don't need to raise funds for the current assets, but I find this statement from the RNS a little worrying.

"We intend to maintain the profile if results allow and only seek cash for new acquisitions"

I just think the man's a compulsive gambler, and using our money to fund his addiction. Everything he buys is the next big one, but then turns out it's not quite as advertised. it's then hidden in the cupboard, with all the others, after having loads of our money spent on it.

It's time to focus on moving the current assets forward and deliver some value for shareholders, not looking for new ones. If he can't do that he needs to step down, or be voted off, the next time he's up for reelection at the AGM.

TIR had their AGM in June last year, XTRs was at the end of August, he did several AGMs over two days XTR, Bezant and Kendrick not sure on the others, but TIR didn't seem to be one of them.

Does anyone know how many warrants are left? 50,000,000 (exercisable at 8.5p) expire around the end of October this year. They were voted on at the AGM in 2021, so would have been issued soon after that, they were part of the phase two drilling fund raise.

Even if just those 50,000,000 warrants expire before (hopefully an offer for Bushranger) that's a 5% increase in the value for the remaining 950,000,000 shares (18p from 17.1p in the calcs from a post below), or 15% if all 150,000,000 warrants expire (20p from 17.1). In the unlikely event the share price gets over 8.5p this year, and the 50,000,000 warrants are exercised then another £4 million in working capitol.

Don't think any warrants were issued after the ones above, so unless other warrants are 3yr or 5yr they could have expired or about to, I've no real idea.

Each one of those 75,000,000 trades is nearly 1.5% of current shares in issue. Seems odd that 2 trades for nearly 3% of the company can happen and BZT doesn't even get a 5% share price rise.

Value of Explorator share of gold produced US$462,292

revenue to Explorator from gold sales and other income for the Period amounted to US$740,280

Think they sold some of their banked gold.

Also a change in reporting going back to quarterly, Now that the Fair Bride operation has settled and the capital investment has been completed, we plan from the 2nd Quarter (i.e., the three months ending 30 June 2023) to report quarterly on Fair Bride's operation and financial results."

Unbelievable, the sheer greed and lack of morals that's been shown by the board of Metal Tiger.

Market Cap £14 Million
a LOSS of £6.5 Million

Yet every single director received a bonus, £150k for Michael McNeilly plus £187K salary, plus £14K in “other benefits” £351K total.

What possible targets have been reached that enabled any board member to receive a bonus.

From the RNS dated 2nd Match AIM cancellation.

In accordance with the notes to AIM Rule 41, as the Company will maintain the admission of the Shares to listing and trading on the ASX, being an AIM Designated Market, Shareholders’ consent in a general meeting of the Company, which would otherwise be required pursuant to AIM Rule 41, is not required for the AIM Cancellation. The Company expects the AIM Cancellation to take place at 7.00 am on 31 March 2023.

Rule41 (google the exemptions) requires a shareholder vote.

Metal Tiger have used an exclusion to rule 41, that would have resulted in a shareholder vote with 75% in favour, for the delisting to happen.

I) where comparable dealing facilities on an EU regulated market or AIM designated market are put in place to enable shareholders to trade their AIM securities in the future.

Brokers are saying they can't be held in an ISA, do you believe they are comparable dealing facilities, and that shareholder approval wasn't required.

Ask the MTR nomad, why they allowed it.

The BOD's 60p options got reduced to 20p options, so it's all good. The indicative sell price on the ASX last night was 9.8p, no trades for weeks. What happens when all the UK CDIs hit the ASX I guess people buying on the LSE are thinking they can then sell on the ASX, for a nice profit, but maybe not let's wait and see.

Does anyone know IGs position re ISAs and MTR.

A Sun headline competition?

The Tiger does have teeth after mauling UK investors.

Strata buries it's past.

Can anyone on here contact Metal Tiger, bigmj ? I've not had much luck, but this is the reply from ii, they're sticking with what they said previously.

I can confirm that the Chess Depositary Interest (CDI’s) are not ISA eligible as this has been confirmed by The Investing and Saving Alliance (TISA). This is due to there not being an individual underlying listing of the share for Metal Tiger on any exchange.

So they've taken their advice from TISA, maybe HL use someone else, unbelievable situation.

On the HL website they don't trade the ASX, so no idea what's going on at HL.

Metal Tiger CDIs are now listed on ii, they're available to buy in a trading accounts or a SIPP. Strangely I did find a CDI for a different company that was available to buy in an ISA, I'll ask ii, to see if they have any explanation.

AP hope you're correct, I had it down as incompetence.

Rumor (I started) In exchange for the NRS, someones offering MTR a gold and diamond rich asteroid, but it's only legal on the ASX. Keep it under your hat, big pay day coming.

Custom service advisor vs corporate actions team, possibly.

Hasn't someone already said they were told HL were transferring holdings to HSBC.

Did MTR know? Because they should have known but no mention about any of this in Mondays RNS about CDIs.

From one of MTRs RNSs

The main difference between holding CDIs and Shares is that CDI Holders hold the beneficial ownership in the Shares instead of legal title.

I think that could be the problem for ISA holdings, but the question for me, who benefits from CDIs and why not have them as shares on the ASX.

Brewery and another word come to mind, how can these people be paid a salary.

Nice to know the board didn't take delisting lightly, just had this from ii.

ISA Customers
Due to HMRC restrictions on ISA accounts, Metal Tiger CDIs are not considered an ISA-qualifying investment. Therefore,
on or after 1st May 2023 (30 calendar days following the delisting) we will arrange to move your shares to a linked
Trading Account, opening one on your behalf if you do not already have one.

Finally had a reply from ii, they will be transferring MTR shares to the ASX, when their primary LSE listing is canceled.