Member Info for taylot

You need to spend some time reading articles and books on stock market basics to be honest.

Is a share split say 3 to 1 in order to reduce the price for new investors. - Yes, but it’s an illusion, you won’t own anymore of the company. Its not as common as a consolidation, but Tesla did it recently as they felt the high price was stopping smaller PIs from getting on the register.

Different from a share dilution which raises additional Capital. - Correct.

Would additional shares devalue the price from say 10 pence to 8 pence, if 20 percent more shares were issued? - No, it’s not that straight forward. You need to think of market cap not just share price. If more shares are issued the company than has the additional cash on its balance sheet. So in theory the market cap would increase and so the share price would remain the same. The reality is it depends what the capital raise is used for, how the raise is conducted (warrants etc) and at what discount. Most of the placements I’ve seen have resulted in the price pulling back to around the price the raise was conducted at.

You need to spend some time researching the basic mechanics of the market as you are asking quite basic questions and relying on an anonymous bulletin board for advice, it’s a good way to loose a lot of money.. been there and got that t shirt. ATB.

Embarrassing.

You get called out for blatant lying so go trawling for grammatical changes. If you don’t have faith in the BoD and what they are doing then you shouldn’t be invested.

The price is poor, I don’t see anyone on here pretending otherwise. It’s a hell of an opportunity for people to get in at discount to NAV. The NAV of which the NSR isn’t remotely priced in. Ask yourself why SFR are underreporting their Botswana exploration… who is that beneficial to..

Just blatant lying now. It’s very easy to find the correct numbers.

“Share Consolidation”

Following the approval of Resolution 4 at the AGM, the Company is proceeding with the 1 for 10 Share Consolidation with a record date of 5:00pm today. The 1,522,076,607 Existing Ordinary Shares of 0.01 pence each in issue in the capital of the Company, together with the 3 additional Ordinary Shares to be issued on 30 June 2020 to ensure the Company's issued ordinary share capital is divisible by 10, will be consolidated into 152,207,661 New Ordinary Shares of 0.1 pence each. Such New Ordinary Shares will have the same rights and be subject to the same restrictions (save as to par value) as the Existing Ordinary Shares.

Credibility = zero

Keep talking **** and trading up and down.

So you trade MTR. Got it. No doubt you post negative or positive depending on your position.
That’s not bringing your average down IMV, bringing your average down is buying on dips and adding to your position. By your definition if I trade another company and make a profit and buy more MTR it’s bring my average down.. nope. Selling part of your original position to buy back lower I can accept as reducing your average, but trading it up and down, not for me. Explains your erratic posting tho.

ATB in your strategy, that is sincere.

I don’t see H or DR posting total ****e - just facts - unlike some of the others on here. I’d fascinated to know how you’ve got your average DOWN to 19p.. what was your first buy in.. or how someone has an average of 58p..

The share price is disappointing, it has been for a while. But investing is and always will be looking past price. Traders will come and go, making it losing their 20% and then talking nonsense on bulletin boards. Investors buy and hold and research and network and ultimately make those life changing returns. ATB.

If you have an average of 58p then you are one of two things. A liar. Or a fool. Perhaps both?? And you can’t hold many shares as it only traded at that level for a short time. There have been and still are ample opportunities to average down.

I was once told you shouldn’t own a share if you have lost confidence in management and you wouldn’t buy the position you have if you were starting fresh.

I’d much rather see new posters ask questions than idiotic comments and misleading statements like we have had to endure previously. But just maybe make things a little clearer please RR..

The SFR collar facility is quite complex and shows how astute the MTR team are in not only the process but also having the calibre of contacts to facilitate such a deal. If you look back through RNS and fine the initial collar agreement and then look for an interview around the same time MM explains a little in layman’s. I have contacted the BoD and asked other well informed investors about certain bits but a lot of the finer details are quite frankly too complex to really understand. But essentially they are taking a loan against the shares while at the same time keeping exposure to the potential upside and limiting downside risk. It’ll be interesting to see how they play things, we may just see a roll over of the expiring collars.

Nothing is agreed with SFR ref the price. The NSR is the NSR, it is 2% and includes both copper and silver, there are a few bits in the web which explain what and how the NSR is calculated and if you look at respeculator on Twitter they have posted their workings - the NSR in just A4 could potentially equal our current market cap.

No gold in the Bots tenements - so far anyway. And don’t expect to see any, copper and silver though yes. One of SFRs hits had fantastic silver grades and the neighbours to the north have actually sold their silver credits. No reason why MTR couldn’t split the silver and copper NSR if it suited.

Please keep researching as there is so much to this company.

I’ll give you a guarantee, the 2% NSR will be worth more than Metal Tigers current market cap. (Cataclysmic event withstanding)

They currently can’t give any information on the royalty payments as they figures aren’t 100% concrete - this is where PIs that understand what is going on have the edge and should take advantage. Once Sandfire take A4 to PFS/DFS stage then MTR can be more forward with figures.

We have to remember that MTR are classed as an investment company (for tax purposes) this does however mean that the Nomad is incredibly restrictive and for this reason the BoDs hands are tied on a number of fronts when it comes to advertising and promoting certain things. It is my understanding that a move to a main listing would remove the nomad and the restrictions some what so let’s see what happens.

I have to say that I don’t believe it is “nonsensical” but it just isn’t what they should be doing right now. Ultimately the future of MTR will be either:

A) full sale of the company, this will be a fairly straightforward valuation by any suitor (Sandfire) equity + NSR valuation. Both simple to calculate. The NSR IMO will include the KML tenements as I expect KLM to be taken out once they have proven up their theories and expectations.

Or:

B) Dividends from the royalty. MTR has both big shareholders and board members who want and expect to see a return but who can’t liquidate their position. Dividends. I spoke to a board member a few years ago and this is certainly on the table.

Always good to see these discussions as it’s clear where things are heading. Alas I agree, no dividend should or IMO will be paid until after the royalty payments start coming in (A4 not T3) and to be honest I would be surprised if we haven’t been taken out at that point - or at least had some credible offers. I suspect most LT holders have a high price set in their heads after such a long wait and a decent idea/hope of what is in the ground. We also have the debt to service so I’d much rather see the capital go towards that and furthering KML to a point where SFR or ideally a second suitor can take it on and progress it to the mine stage.

As I’ve said before the KML team are looking for ECONOMIC ore for that very reason, they aren’t hunting flashy intercepts to get price up and funding away, they are looking for economic ore so it can be of use to a potential suitor. High grade modest tonnage and it’s SFRs however a good credible hit with a few supporting holes over a larger area and who knows..

The share price is dreadful at present and we can’t sugar coat that but investing is seeing past price and looking at value and risk v reward. I said it at 22/23 and that holds true, but at these levels I struggle to see anything better out there when you look at the know facts and details. Sandfire quarterly is out next week so I hope to see news on A4 expansion and wider exploration including the potential hit in the Ghanzi region.

The RDT deal has shown MTR are in a total different league to your average AIM junk. MTR took $500k of the $11m placing which was oversubscribed and only offered to people in the know and in the right circles. These deals will continue to happen and sooner or later they’ll be an incredible opportunity cross their desk - *see Armada*
The SFR acquisition is transformational to them and by association to MTRs equity position and liquidity. This will give them even more clout as and when they need it. As you say H the offer being oversubscribed to such an extent shows what the market thinks of it. SFR won’t stay around $5.4 for long.

Ultimately this is all about the NSR for me, it is the company maker - it has been for some time - it’s just become even more of a winner. I fully expect SFR to process the ore from A4 fairly quickly and expect the resource figure to be expanded significantly. They are drilling A1 soon and I understand the T4 dome is getting interesting.

Remember KML is a private company so the reporting will be a little different. I also believe there are have been issues with the drilling team, these have now been resolved.
The DD holes are strat holes, this means they are more about finding information about the ground (topography etc) than searching for actual copper. The KML team is highly methodical and they are going about their business in the correct way. We can see from the satellite imagery where they are drilling which is great, not sure on the assays but Cobre price action would suggest no leaks this far.

I have to say I disagree re SFR taking out MTR, for a few reasons.
1. We own 49% of KML - not a controlling stake.
2. MC is now £40m, it’s going to take triple that to make LT holders even consider selling.
3. Justifying that expenditure to SFR holders will be difficult when they won’t be paying out on the NSR for 2+ years.
4. Just buy Cobre, it’s much cheaper and you get the controlling KML stake.

For those of you that haven’t watched it, you NEED to see the SFR presentation and the following Q&A.

KS and the team are so bullish on Botswana SO bullish. The increase to the 5.2mtpa plant is nailed on as is the likelihood that they will mine A4 either alongside or if possible before T3. They are now drilling across at wide variety of targets but concentrating on the T3 expansion area.. Julain Hanna comments “where ever you have an EM anomaly you have copper, the only question is how much and at what grade” SFR have A LOT of EM anomalies across their ground, all covered by the NSR. Both KS and JH comment that they expect they’ll have multiple mines and processing plants across the belt in years to come - almost all will be covered by MTRs NSR.
Then we still have KML, fantastic geo team methodically going about there work. (Lots of EM anomalies here as well)

I get people’s frustration about the raise or the small trading positions. Who cares, Botswana is the company maker, MTR is the pension maker.

There are multitude of scenarios and possibilities. Of course some of them are dependent on KML locating copper but the early signs are promising.

1. SFR buy out KML 100%, MTR retain 2% NSR over the land package.
2. Third party buy out KML 100%. MTR retain 2% NSR over then land package.
3. SFR buy out CBE. MTR retain 49% of KML and 2% NSR over then land package. SFR do all the exploration zero capex to MTR.
4. Third party buy out CBE (my preferred option) MTR retain 49% of KML and 2% NSR over then land package. Two mid tiers are doing the heavy lifting zero capex to MTR but the explosion is on two fronts.
5. SFR and Khomecau join forces and list a Kalahari copper production company.
6. SFR try and take out Khomecau.
7. Major comes along and takes over SFR.

In the backdrop SFR are still drilling at Red Bore and looking at growth take overs - is Adriatic still out of reach? If they can extend the LoM at DeGrussa through another find I think KS will fancy his chances.

As part of my research one of my threats was could MTR be taken out with a low ball offer from SFR. I believe that would be difficult due to the strength in the share register, the contacts MTR BoD have and the fire power they have at their disposal. ATB.

I’m not going to go back through, as some of my buys will make me feel queazy.. but the my original position was taken at 1p so that’s kept my average at an ok level.

Bonkers comments were based primarily on the technical side of things which from my observations with the smaller AIM companies they are never all that accurate.

Hydrogens “pension maker” comments are based more around known facts and anticipated future events, ie - T3/A4 size, grade and geology and then extrapolating those across the SFR land package and targets. These figures he has detailed several times and while there are clearly some assumptions made you cannot argue with the thesis not the potential mind boggling figures - hence the “pension maker” commment.

I understand the presentation at the Sprott symposium was very well received with Adam Woodridge doing the KML presentation. That KML geo team is impressive so I’m sure some eye brows have been raised, the important thing in these early stages of KML exploration is for them I hit the rocks they are expecting to prove their geological model.. by all accounts this is what is happening.

If our usual numpties wish to comment please don’t talk about paydirt or something else that is totally off topic and irrelevant. The KCB is going to be home to numerous mines and multiple copper resources in my opinion and MTRs exposure to them is second to none, tell me otherwise..

Chestec, well played. I’m content with my buy, hold and add strategy. Potentially life changing rewards for those with the patience (of a saint ;-) )

Cash, sum of parts. Sum. Of. Parts. No surprise to me that from long list of positives and potential game changers you choose the one that can be portrayed in a negative light. The late great Terry Grammar (RIP) held some of the SAU tenements in very high regard… so who to listen to , geologist of the year or idiotic and anonymous bulletin board warrior who spends their evenings wiping dribble off the keyboard.

Cobre:
51% of KML
18.5% of Armada
2.7m shares in MTR and sole owners of VHMS projects Perrinvale and Sandiman.
They do NOT hold any NSRs over the KCB.

Metal Tiger:
2% NSR capped at $2m on T3 mine
2% UNCAPPED NSR over the vast majority of SFR land holdings in Botswana - 8000km2 (district scale land package)
3.5% of SFR (40% of that in collar facility)
49% of KML
2% UNCAPPED NSR over all KML land holdings
21% of Cobre (post deal completion and approval)
19% of Southern gold
18.5% of Armada
Numerous other equity positions
Numerous warrants
Left field new project expected as per MM video.

Numpties on here will talk rubbish. Facts speak for themselves - MTR is materially undervalued on the sum of parts. Rick Rule agrees - https://hotcopper.com.au/threads/rick-rule-symposium-2021-preview-interview-michael-mcneilly.6161021/

How many staff have they got? How many can they cut? The trading pays for G&A and as per usual it’s a sideshow, why we continue to have this discussion I do not know.

The placing was not about capital but about liquidity and letting IIs on board and, I suspect, allowing the end to the share price manipulation.