Member Info for Phatbaz

Has anyone on here bought MTR on the ASX?

Interactive Investors (ii) trade ASX stocks, but I can't find MTR listed only on the LSE. Cobre LSE and ASX, Sandfire ASX and Toronto, MTR only LSE listing, seems odd and slightly concerning.

I'll contact ii Monday for some clarification, but from MM's proactive interview, I don't think they gave a single thought as to what would happen to UK invesors share holdings. In the interview he states shares will be converted to CDIs but two brokers that I know of, will not be doing this and will sell your holding.

Strata investment holding was incorporated on 12th Jan, so some people had plenty of notice to get their holdings sorted. Yet the company are hoping to release info for the rest of use soon, after the nomad approves it.

Surprised price hasn't dropped 10% today with those trades, huge £6 sell but only a £5 buy.

Wonder if we might get a rise next week, the drop doesn't seem to be getting the MM any business.

I also intend to keep my shares for now, however that was quite a list MM had, will the NSR be big enough to pay for it, including employing some new talent? Or are they planning on a collar financing arrangement or similar on the NSR, worked so well on the Sandfire holding, only other option I can see would be a placing.

A new resolution to liquidate XTR and hand back 19.8 pence per share NAV to shareholders. I think at this point in time would pass, but might not suit the board, stops the gravy train.

Last week's Simon Thompson's Investors chronicles article had XTR as a buy, did everyone who followed his advice check their broker would allow them to hold ASX listed shares?

Some people could still be buying today, not knowing their shares could be sold on the last day of AIM trading, or become untradable with their current broker, brilliant work by all involved, deserves another big bonus.

Interactive investor quoted up to 6 weeks, where investments are transferred across. Not sure how that would work with a delisting in 3 weeks, so took the certificate option from XO.
Hope to deposit the certificate with II when it arrives, already have an account, but the shares will end up coming out of an ISA and going into a trading account.

Was any of this thought about by the MTR directors? or are they more interested in converting their 60p options into 20p option.

I've had pretty much the same letter from XO (jarvis). They don't trade on the ASX and will sell all MTR shares, unless I request a share certificate, that's what I've done. But the question is how many shares will be sold on the last day of AIM trading, I'm beginning to think it's going to be quite a lot.

The Board intends to change the name of the Company to Strata Investment Holdings plc (although this will not require Shareholders’ approval)
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.

I'd say it's the biggest news ever, yet MM can't even do a proactive interview to explain what's going on. Unlike when he did the innovative collar financing, (the big short part two) then he was all over, interviews left right and centre.

The full detail for the general meeting are on the AXS site, I still can't find it on the Metal Tiger website. Just my opinion but most of the resolutions seem to be about the directors looking after themselves, and not the shareholders.

"All of the replacement options will be exercisable at 20 pence"
Yet the current options range from 27.5 pence to 60 pence.

Rick Rule bought in to MTR, at the equivalent of 30 pence 6 years ago, I wonder how he'll be voting. He still seems to own 15%, would the board try this move without his say so?

Has anyone managed to find the Circular? that "will shortly be available to view at www.metaltigerplc.com."

More info on AXS https://www2.asx.com.au/markets/company/mtr

Good to see MM got paid £339K in 2021 (£150K Bonus! well done)

What's to stop XTR from using the payment from the sale of the 80% to fund their 20%, it'll be built over a number years so the full amount wouldn't be payable on day one.
Don't know if it would be a good idea, but at the very least it gives them time to find a buyer for the 20%.

I was just going to post something similar.

I've heard Colin say they can turn down the first two offerers and send if for a third valuation, but that's all, I think that would be the sale price.

Say "no" three times and XTR can do whatever they want doesn't make sense.

Looks more like a bed and ISA to me, second trade slightly higher than first, just dropping the price on low volume and market sentiment.

https://twitter.com/MartinCHolland1/status/1564190872714952704

Urgent business meeting in NYC - Only a 2 day trip- I’ll have to live stream into ADU to present $CBE- arrive into Perth on Thursday for the conference.

I don't think the share price has been above the exercise price since they were authorized, thier issue had to be voted on at last year's AGM.

The warrants will be exercisable in whole or in part at 8.5p per new Ordinary Share to be exercised within 2 years of being issued.

I think this is a big problem, people taking what Colin said nearly 12 months ago as still being true.

In the Zak team interview from December there was a lot of weight put on visuals from drill core 36, with mineralization from 11mtrs for 100s of metres, but no assays have been released for it.

Would Colin still tell AA where to go if they offered 10p a share today? Next week should see the AGM announced, so we might get some answers.

What's the problem? they've just got funding at double today's share price, excellent forward planning.

Unfortunately MTR also "invested" thier Sandfire dividends along with that 9 million. In 2021 Sandfire paid 32 cents per share worth over 2.5 million to MTR.
In the time they've owned those share (if MTR had just done nothing) they would have been paid over 5.5 million and could have paid a dividend or continued with the share buy back.

June 21st RNS

Metal Tiger will use the partial proceeds of these sales on settlement to pre-pay A$1,540,000 against the outstanding loan principal of A$9m owed to a nominee of SC Lowry Primary Investments Ltd

Big short part 2, how much are those investments worth today? MTR could have been paying a dividend for the last 3 years. Hope the NSR is given back to the shareholders and not used on another management ego trip.

I think this is Colin's last XTR interview, now 9 weeks ago, XTR 36 min onwards Bushranger 42 min.

https://audioboom.com/posts/8048001-midweek-takeaway-colin-bird-special

In October CB talked about Bushranger and Anglo being a game of poker, could the lack of news be about keeping information out of Anglo hands. The fact they haven't announced the MIDAS results this time, and CB seems to be avoiding any talk about XTR seems odd.

Once XTR do approach Anglo with 2MT of copper or a decision to mine and XTRs valuation of the license, Anglo only get 10 days to make their decision. They might decide to send it for an independent valuation, but whatever happens, once XTR approach Anglo it should see the share price jump immediately.

Agree about the AGM, the latest date to hold an AGM is six months after the financial year end, that's 31st December for XTR I think, so should move back to June, they need to give 21 days notice.

I'd hope QH is too busy with Bushranger and a presentation for Anglo, that me doesn't have time for other distractions.