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Metal Tiger PLC (MTR)
banjomick
- 10 May 2016 16:21
Metal Tiger's mission is to deliver a high return for shareholders by investing in significantly undervalued and/or highly prospective opportunities in the mineral exploration and development sector timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.
NEWS
MTR Website & All The NEWS
Asset Trading Page
12th Mar 2018 Additional Investment into MOD Resources Limited
01st Mar 2018 Directorate change
27th Feb 2018 Investment in Connemara
22nd Nov 2017 Submission of Members Statement to Kingsgate
24th Aug 2017 Botswana Copper/Silver Project – T3 Mineral Resource Estimate Upgraded
VIDEO/AUDIO/PRESENTATIONS
EVENTS
21st Apr 2018 UK Investor Show 21st April 2018
SOCIAL MEDIA
twitter-MTR
twitter-MOD Resources Ltd
banjomick
- 28 Sep 2016 09:49
- 192 of 474
MOD Resources announces substantial maiden copper resource in Botswana
27 September 2016
MOD Resources has announced a substantial maiden copper-silver resource at its T3 copper deposit just six months after its discovery.
ASX-listed copper junior MOD Resources has declared a maiden mineral resource of 28.36 Mt containing about 350 200 t of copper and 14.27 Moz of silver.
The combined Indicated and Inferred resource estimates using a 0.5% copper cut-off, consist of 28.36 Mt grading at 1.24% copper and 15.7 g/t silver, containing approximately 350 200 t of copper (~772 Mlbs copper) and 14.27 Moz of silver. This includes a high-grade resource using a 1.5% copper cut-off grade, which consists of 8.48 Mt grading at 2.16% copper and 30.6 g/t silver, containing approximately 182 900 t of copper and 8.34 Moz of silver.
The T3 copper-silver deposit, which is located in the Kalahari Copper Belt in Botswana, forms part of a joint venture between MOD Resources (70%) and AIM-listed Metal Tiger (30%).
“This news represented a tremendous milestone for the joint venture and a major step towards MOD’s objective of becoming a long-life, copper producer in Botswana,” says MOD Resources MD Julian Hanna .
“To be able to report 350 000 t of contained copper and more than 14 Moz of silver in the first resource from a new discovery in a relatively unexplored region is a great achievement for the whole team,” says Hanna.
MOD Resource says 64% of the total resource tons are in the Indicated Resource category, demonstrating the excellent continuity of the mineralisation, adding that the results exceed MOD’s expectations and compare favourably on a global scale.
The compnay notes that T3 appears to be a distinctive geological model which it will target for further possible discoveries elsewhere along the interpreted 25 km-long T3 Dome. The T3 resource remains open down dip northeast of the deposit and along strike south west of the deposit.
27 September 2016
MOD Resources has announced a substantial maiden copper-silver resource at its T3 copper deposit just six months after its discovery.
ASX-listed copper junior MOD Resources has declared a maiden mineral resource of 28.36 Mt containing about 350 200 t of copper and 14.27 Moz of silver.
The combined Indicated and Inferred resource estimates using a 0.5% copper cut-off, consist of 28.36 Mt grading at 1.24% copper and 15.7 g/t silver, containing approximately 350 200 t of copper (~772 Mlbs copper) and 14.27 Moz of silver. This includes a high-grade resource using a 1.5% copper cut-off grade, which consists of 8.48 Mt grading at 2.16% copper and 30.6 g/t silver, containing approximately 182 900 t of copper and 8.34 Moz of silver.
The T3 copper-silver deposit, which is located in the Kalahari Copper Belt in Botswana, forms part of a joint venture between MOD Resources (70%) and AIM-listed Metal Tiger (30%).
“This news represented a tremendous milestone for the joint venture and a major step towards MOD’s objective of becoming a long-life, copper producer in Botswana,” says MOD Resources MD Julian Hanna .
“To be able to report 350 000 t of contained copper and more than 14 Moz of silver in the first resource from a new discovery in a relatively unexplored region is a great achievement for the whole team,” says Hanna.
MOD Resource says 64% of the total resource tons are in the Indicated Resource category, demonstrating the excellent continuity of the mineralisation, adding that the results exceed MOD’s expectations and compare favourably on a global scale.
The compnay notes that T3 appears to be a distinctive geological model which it will target for further possible discoveries elsewhere along the interpreted 25 km-long T3 Dome. The T3 resource remains open down dip northeast of the deposit and along strike south west of the deposit.
banjomick
- 30 Sep 2016 08:26
- 193 of 474
30 September 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
2016 Interim Report
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce its unaudited interim results for the half year ended 30 June 2016.
Key Highlights:
METAL PROJECTS
• Major copper-silver discovery made in Botswanan Joint Venture (“JV”) with MOD Resources (ASX: MOD) and post half year end substantial maiden JORC compliant resource announced for first JV target T3;
• Thailand JV partner advanced considerably with new projects and the building of a team capable of preparing for future mining operations. Extensive due diligence and negotiations undertaken in respect of Boh Yai and Song Toh silver-lead-zinc mines and commercial transaction signed with the mine owner in August 2016;
• In Spain, Logrosan 2015 tungsten and gold exploration programmes completed with two tungsten deposits confirmed together with gold mineralisation. The success of the 2015 programme supported further investment in 2016 and signing of new JV agreement over the Maria gold focused project in May 2016;
• Extensive pipeline of new resource opportunities identified and suitable for investment by Metal Tiger, or other existing AIM vehicles or new vehicles quoted or listed on a recognised stock exchange or other trading platforms in which Metal Tiger has invested. Extensive work being undertaken to monetise the additional pipeline interests to increase Metal Tiger value per share.
ASSET TRADING
• Net Gain on Investments in the half year £2,135,200 (prior half year ended 30.6.15 £534,300);
• Investments Held for Trading amounted to £3,735,400 (prior year end 31.12.15 £692,900);
• Strategic equity and warrant holdings at the half year end in fourteen AIM, TSX or ASX listed resource companies;
• Asset Trading division poised and ready for what we anticipate will be the next positive growth phase in the resource sector recovery.
WORKING CAPITAL AND OVERALL ASSETS
• Comprehensive Profit for the half year ended 30 June 2016 £559,400 (prior half year ended 30 June 2015 £98,800);
• At 30 June 2016 Cash at Bank amounted to £808,200 (prior year end 31.12.15 £353,900) and, in addition, Investments Held for Trading amounted to £3,745,400 (prior year end 31 December 2015 £692,900);
• Net Current Assets at 30 June 2016 amounted to £4,770,300 (prior year end 31 December 2015 £1,058,300);
• Overall Net Assets at 30 June 2016 amounted to £5,199,700 (prior year end 31 December 2015 £1,525,200).
***Full Details from Link Below***
http://www.metaltigerplc.com/index.php/investors/latest-news/914-2016-interim-report-2016-09-30-070000
Metal Tiger Plc
("Metal Tiger" or the "Company")
2016 Interim Report
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce its unaudited interim results for the half year ended 30 June 2016.
Key Highlights:
METAL PROJECTS
• Major copper-silver discovery made in Botswanan Joint Venture (“JV”) with MOD Resources (ASX: MOD) and post half year end substantial maiden JORC compliant resource announced for first JV target T3;
• Thailand JV partner advanced considerably with new projects and the building of a team capable of preparing for future mining operations. Extensive due diligence and negotiations undertaken in respect of Boh Yai and Song Toh silver-lead-zinc mines and commercial transaction signed with the mine owner in August 2016;
• In Spain, Logrosan 2015 tungsten and gold exploration programmes completed with two tungsten deposits confirmed together with gold mineralisation. The success of the 2015 programme supported further investment in 2016 and signing of new JV agreement over the Maria gold focused project in May 2016;
• Extensive pipeline of new resource opportunities identified and suitable for investment by Metal Tiger, or other existing AIM vehicles or new vehicles quoted or listed on a recognised stock exchange or other trading platforms in which Metal Tiger has invested. Extensive work being undertaken to monetise the additional pipeline interests to increase Metal Tiger value per share.
ASSET TRADING
• Net Gain on Investments in the half year £2,135,200 (prior half year ended 30.6.15 £534,300);
• Investments Held for Trading amounted to £3,735,400 (prior year end 31.12.15 £692,900);
• Strategic equity and warrant holdings at the half year end in fourteen AIM, TSX or ASX listed resource companies;
• Asset Trading division poised and ready for what we anticipate will be the next positive growth phase in the resource sector recovery.
WORKING CAPITAL AND OVERALL ASSETS
• Comprehensive Profit for the half year ended 30 June 2016 £559,400 (prior half year ended 30 June 2015 £98,800);
• At 30 June 2016 Cash at Bank amounted to £808,200 (prior year end 31.12.15 £353,900) and, in addition, Investments Held for Trading amounted to £3,745,400 (prior year end 31 December 2015 £692,900);
• Net Current Assets at 30 June 2016 amounted to £4,770,300 (prior year end 31 December 2015 £1,058,300);
• Overall Net Assets at 30 June 2016 amounted to £5,199,700 (prior year end 31 December 2015 £1,525,200).
***Full Details from Link Below***
http://www.metaltigerplc.com/index.php/investors/latest-news/914-2016-interim-report-2016-09-30-070000
banjomick
- 30 Sep 2016 13:57
- 194 of 474
Metal Tiger prospers in improved mining investment climate
07:49 30 Sep 2016
Metal Tiger's results for the six months to June 2016 show considerable growth
The asset position of Metal Tiger PLC (LON:MTR) strengthened considerably during the first half of 2016, as the company continued to book gains on in a rising commodities and mining equities market.
The company’s net gain on investments in the half year to June 2016 amounted to £2.135 mln, as against £534,000 booked during the corresponding period a year ago.
Overall, investments held for trading amounted to £3.74 mln, up from £692,000 a year ago.
As at June 30 the company hand net cash of just over £800,000.
It means that net assets have almost tripled during the six months that have elapsed since the December year end, when they stood at just over £1.5 mln. The current net asset figure is just shy of £5.2 mln.
Alastair Ford
07:49 30 Sep 2016
Metal Tiger's results for the six months to June 2016 show considerable growth
The asset position of Metal Tiger PLC (LON:MTR) strengthened considerably during the first half of 2016, as the company continued to book gains on in a rising commodities and mining equities market.
The company’s net gain on investments in the half year to June 2016 amounted to £2.135 mln, as against £534,000 booked during the corresponding period a year ago.
Overall, investments held for trading amounted to £3.74 mln, up from £692,000 a year ago.
As at June 30 the company hand net cash of just over £800,000.
It means that net assets have almost tripled during the six months that have elapsed since the December year end, when they stood at just over £1.5 mln. The current net asset figure is just shy of £5.2 mln.
Alastair Ford
geoffsh - 30 Sep 2016 17:18 - 195 of 474
>>>>>>>>>>>>>>>Latest Interview with PJ.....................................
www.youtube.com/watch?v=suzu7T8UJ3U
banjomick
- 01 Oct 2016 11:00
- 196 of 474
Cheers geoffsh
CEO Interview: Metal Tiger Plc - Crystallising revenue & delivering shareholder value
Published on Sep 30, 2016
In today’s CEO interview segment, Tip TV’s Beth Payne and Charlie Gibson, Head of Mining at Edison Research talk to Paul Johnson, CEO of Metal Tiger who details company’s objective – crystallize revenue on existing assets, explore exciting projects and ultimately deliver value to shareholders.
CEO Interview: Metal Tiger Plc - Crystallising revenue & delivering shareholder value
Published on Sep 30, 2016
In today’s CEO interview segment, Tip TV’s Beth Payne and Charlie Gibson, Head of Mining at Edison Research talk to Paul Johnson, CEO of Metal Tiger who details company’s objective – crystallize revenue on existing assets, explore exciting projects and ultimately deliver value to shareholders.
banjomick
- 02 Oct 2016 22:45
- 197 of 474
General interest:
Majors are on the hunt for new metal
This time around, majors are not interested in size. They want value.
Conversations and conferences of late have reinforced a few factors that define today’s young mining bull market.
Majors Are On the Hunt
Talking to executives from junior companies, one comment just keeps surfacing: they are seeing overwhelming interest from majors. What that means is major miners – Newmont and Barrick and Goldcorp and Agnico, etc. – are meeting these junior companies to assess their projects, with an unmasked eye towards making deals.
The amount of interest makes sense. It’s been over a decade since major miners have looked down their project pipelines and found them bare. Sure, the blind focus on growing production (rather than making money…) meant the big boys were still making deals late in the last cycle, but in general those deals added big assets to portfolios already brimming with smaller opportunities.
Now, after selling almost everything to survive the bear market, majors need to start restocking the pipeline again.
Usually that process starts with new production and near-development stories, but there just aren’t very many such assets around. The bear market derailed so many projects that only a small number are ready to be built or are newly operational. Majors are circling these opportunities but, because they know competition will be stiff, they are also going straight to exploration-stage opportunities.
This theme was overwhelming at a recent conference. Every junior – from project generators to single asset explorers, from companies focused on North America to those with assets in Eastern Europe or South America – every one spent more time meeting with majors than meeting with investors. The majors were there with big teams and those teams clearly had mandates to look high and low for opportunities.
This kind of major interest matters, but don’t expect a wave of M&A. Instead, we are going to see a wave of partnerships – joint ventures and equity investments that give majors a foot in the door with assets they like. And while such deals aren’t as exciting for the market as takeouts, they are important because they make it possible for juniors to advance their projects quickly and to focus on exploration instead of where and how to find capital.
Optionality Offers Leverage, But Little More
Optionality plays have done very well in gold’s run to date. Investors have piled into the idea of leveraging gold via a portfolio of projects with significant ounces in the ground.
That leverage will remain. And leverage to a rising price is a big enough win for many. However, if a win for you means a takeout or a construction decision, optionality isn’t the right game.
This time around, majors are not interested in size. They want value. Goldcorp did not buy Kaminak because a mine at Coffee would impact its production profile significantly; they bought it because Coffee will be an economically robust mine that will help Goldcorp’s bottom line.
Value accretive assets are the name of today’s game. That means things like infrastructure, metallurgy, social license, design complexity, and costs really matter. Large deposits with challenges in these areas are not of interest. They may yet come back into vogue, but if they do it will not be for a while. Majors destroyed so much capital buying for size without focusing on practical value in the last cycle that the focus on value accretive assets will stick around for quite a while.
Juniors are Gaining Confidence
Juniors are gaining confidence that capital is available. It has taken time for that confidence to establish, which is why so many juniors initially planned only small drill programs this year – they were still in full capital conservation mode.
Now they see oversubscribed financings left and right, backing everything from advanced assets to grassroots exploration and from the revival of old projects to new discoveries. The confidence means drill programs are being expanded, new targets are being tested, and new partnerships or acquisitions are being inked.
Most moves are still small relative to the exploration programs or deals we see when things are hot, but they are a heck of a lot bigger than they were six months ago, let alone a year ago.
Those Active Now Will Win Later
The bear market was tough. Lots of companies went into complete hibernation; lots of people left the sector. It takes time for companies to get going again from standstill and for people to insert themselves back into the sector.
That’s ok; it’s part of the process. But the companies and people who stayed alive through it are leading the pack today.
Companies that stayed alive are reaping the rewards of their bear market efforts. The efforts were often directed at tasks that could be accomplished, like advancing engineering or metallurgy or permitting or social license. Not sexy stuff – but when the market is so turned off that stocks fall on hot drill results, it makes sense to focus on the boring.
And now, with that ‘boring’ stuff well in hand, the companies that persevered have options.
The benefits of staying active extend beyond obvious corporate achievements. A constant topic of conversation today is who is working with whom to buy what – and who else is trying to buy the same asset. Competition to buy ounces in Nevada, for example, is very stiff, but groups are racing each other to buy assets in Nova Scotia, Romania, Mexico, and Ghana, among other places.
The competition is not limited to assets either – groups with cash to deploy are competing for equity stakes in good juniors. The conclusion: the companies and people active today offer the best odds of success as this bull gets going. Place your bets!
http://www.mining.com/web/majors-on-the-hunt-for-new-metal/?utm_source=twitterfeed&utm_medium=twitter
Majors are on the hunt for new metal
This time around, majors are not interested in size. They want value.
Conversations and conferences of late have reinforced a few factors that define today’s young mining bull market.
Majors Are On the Hunt
Talking to executives from junior companies, one comment just keeps surfacing: they are seeing overwhelming interest from majors. What that means is major miners – Newmont and Barrick and Goldcorp and Agnico, etc. – are meeting these junior companies to assess their projects, with an unmasked eye towards making deals.
The amount of interest makes sense. It’s been over a decade since major miners have looked down their project pipelines and found them bare. Sure, the blind focus on growing production (rather than making money…) meant the big boys were still making deals late in the last cycle, but in general those deals added big assets to portfolios already brimming with smaller opportunities.
Now, after selling almost everything to survive the bear market, majors need to start restocking the pipeline again.
Usually that process starts with new production and near-development stories, but there just aren’t very many such assets around. The bear market derailed so many projects that only a small number are ready to be built or are newly operational. Majors are circling these opportunities but, because they know competition will be stiff, they are also going straight to exploration-stage opportunities.
This theme was overwhelming at a recent conference. Every junior – from project generators to single asset explorers, from companies focused on North America to those with assets in Eastern Europe or South America – every one spent more time meeting with majors than meeting with investors. The majors were there with big teams and those teams clearly had mandates to look high and low for opportunities.
This kind of major interest matters, but don’t expect a wave of M&A. Instead, we are going to see a wave of partnerships – joint ventures and equity investments that give majors a foot in the door with assets they like. And while such deals aren’t as exciting for the market as takeouts, they are important because they make it possible for juniors to advance their projects quickly and to focus on exploration instead of where and how to find capital.
Optionality Offers Leverage, But Little More
Optionality plays have done very well in gold’s run to date. Investors have piled into the idea of leveraging gold via a portfolio of projects with significant ounces in the ground.
That leverage will remain. And leverage to a rising price is a big enough win for many. However, if a win for you means a takeout or a construction decision, optionality isn’t the right game.
This time around, majors are not interested in size. They want value. Goldcorp did not buy Kaminak because a mine at Coffee would impact its production profile significantly; they bought it because Coffee will be an economically robust mine that will help Goldcorp’s bottom line.
Value accretive assets are the name of today’s game. That means things like infrastructure, metallurgy, social license, design complexity, and costs really matter. Large deposits with challenges in these areas are not of interest. They may yet come back into vogue, but if they do it will not be for a while. Majors destroyed so much capital buying for size without focusing on practical value in the last cycle that the focus on value accretive assets will stick around for quite a while.
Juniors are Gaining Confidence
Juniors are gaining confidence that capital is available. It has taken time for that confidence to establish, which is why so many juniors initially planned only small drill programs this year – they were still in full capital conservation mode.
Now they see oversubscribed financings left and right, backing everything from advanced assets to grassroots exploration and from the revival of old projects to new discoveries. The confidence means drill programs are being expanded, new targets are being tested, and new partnerships or acquisitions are being inked.
Most moves are still small relative to the exploration programs or deals we see when things are hot, but they are a heck of a lot bigger than they were six months ago, let alone a year ago.
Those Active Now Will Win Later
The bear market was tough. Lots of companies went into complete hibernation; lots of people left the sector. It takes time for companies to get going again from standstill and for people to insert themselves back into the sector.
That’s ok; it’s part of the process. But the companies and people who stayed alive through it are leading the pack today.
Companies that stayed alive are reaping the rewards of their bear market efforts. The efforts were often directed at tasks that could be accomplished, like advancing engineering or metallurgy or permitting or social license. Not sexy stuff – but when the market is so turned off that stocks fall on hot drill results, it makes sense to focus on the boring.
And now, with that ‘boring’ stuff well in hand, the companies that persevered have options.
The benefits of staying active extend beyond obvious corporate achievements. A constant topic of conversation today is who is working with whom to buy what – and who else is trying to buy the same asset. Competition to buy ounces in Nevada, for example, is very stiff, but groups are racing each other to buy assets in Nova Scotia, Romania, Mexico, and Ghana, among other places.
The competition is not limited to assets either – groups with cash to deploy are competing for equity stakes in good juniors. The conclusion: the companies and people active today offer the best odds of success as this bull gets going. Place your bets!
http://www.mining.com/web/majors-on-the-hunt-for-new-metal/?utm_source=twitterfeed&utm_medium=twitter
banjomick
- 03 Oct 2016 15:01
- 198 of 474
Dowgate Buy Note 3rd October 2016
http://www.metaltigerplc.com/index.php/investors/research/download?path=Metal_Tiger_3_Oct_2016_DCS_Buy_Note.01.pdf
http://www.metaltigerplc.com/index.php/investors/research/download?path=Metal_Tiger_3_Oct_2016_DCS_Buy_Note.01.pdf
banjomick
- 04 Oct 2016 09:03
- 199 of 474
4 October 2016
Metal Tiger Plc
Botswana T3 Deposit, Excellent Metallurgical Results
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the exploration programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
The preliminary results of metallurgical testwork on composite samples of mineralisation from the Target 3 (T3) Resource project are provided below, along with an update on the T3 drilling status.
In addition, we would refer to the announcement released today by MOD Resources which contains images, graphs and diagrams that may assist readers in an understanding of the project. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented:
We are pleased to report very positive preliminary metallurgical testwork results for the copper and silver ore types constituting our T3 Mineral Resource.
These results bode well for the potential economics of the T3 Deposit, which is currently being assessed as part of our on-going scoping study; as well as showing very respectable copper and silver recoveries and concentrate grades the tests show the potential for relatively low power requirements to grind the ores.
Additional exploration work continues and we will be updating the market in the near term with a further update in this regard.
***More via Link Below***
http://www.moneyam.com/action/news/showArticle?id=5426581
Metal Tiger Plc
Botswana T3 Deposit, Excellent Metallurgical Results
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the exploration programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
The preliminary results of metallurgical testwork on composite samples of mineralisation from the Target 3 (T3) Resource project are provided below, along with an update on the T3 drilling status.
In addition, we would refer to the announcement released today by MOD Resources which contains images, graphs and diagrams that may assist readers in an understanding of the project. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented:
We are pleased to report very positive preliminary metallurgical testwork results for the copper and silver ore types constituting our T3 Mineral Resource.
These results bode well for the potential economics of the T3 Deposit, which is currently being assessed as part of our on-going scoping study; as well as showing very respectable copper and silver recoveries and concentrate grades the tests show the potential for relatively low power requirements to grind the ores.
Additional exploration work continues and we will be updating the market in the near term with a further update in this regard.
***More via Link Below***
http://www.moneyam.com/action/news/showArticle?id=5426581
banjomick
- 05 Oct 2016 09:14
- 200 of 474
5 October 2016
Metal Tiger Plc
Appointment of Financial Adviser and Broker to Secure Project Level Financing - Thailand
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that it has appointed VSA Capital as Financial Adviser and Broker to secure project level financing in respect of the Companys Thai interests.
Key points:
.VSA to initiate investor research on Metal Tiger with a specific focus on the Thai interests;
.VSA will combine with SI Capital and Spark Advisory Partners to explore strategic options for the Companys Thai mineral opportunities either through IPO, reverse takeover or joint venture agreements;
.As part of the review of strategic options, VSA will also explore sources of project level financing for the Companys interests in Thailand;
.The Board believes that VSAs industry knowledge and access to capital in Asia will be of great assistance in this regard; and
.MTR and members of the Thai joint venture intend to conduct a preliminary roadshow in Hong Kong in the near term.
Paul Johnson, Chief Executive Officer of Metal Tiger said I am very pleased to announce the appointment of VSA Capital which will enable the Company to access strategic project level financing for Thailand and its investments in-country.
Metal Tiger was pleased to conclude the commercial agreement in respect of the Boh Yai and Song Toh silver-lead-zinc mines in Thailand. This agreement now enables us to explore corporate transactions that will provide this and other Thai projects with a platform to access their own funding as well as demonstrate the true value of each interest, which the board believe has not been properly reflected in the market value of the Company.
The Metal Tiger board are keen to see all the Companys current and future investing interests stand on their own feet commercially. This means project level financing and the introduction of vehicles through which the Company may realise the value created through its early support of these projects and consequently the Board will look to share some of that value through future distributions to shareholders.
In the specific case of Thailand, we believe there is an outstanding investment case for foreign investment in Thai resource opportunities, and Metal Tiger Thailand has the team in place to manage and advance such opportunities. Thailand has extensive geological potential, and with an appropriate due respect and regard for environmental protection and community support, we believe incoming capital will be well-rewarded for demonstrating belief and commitment in the opportunity to support Thai resource companies such as Metal Tiger Thailand.
About VSA Capital:
VSA is an international investment bank with offices in London and Hong Kong with extensive experience in private equity, mergers and acquisitions and alternative financing transactions for natural resources companies. VSA have assisted both private and public companies with transactions on several major exchanges.
http://www.moneyam.com/action/news/showArticle?id=5427287
Metal Tiger Plc
Appointment of Financial Adviser and Broker to Secure Project Level Financing - Thailand
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that it has appointed VSA Capital as Financial Adviser and Broker to secure project level financing in respect of the Companys Thai interests.
Key points:
.VSA to initiate investor research on Metal Tiger with a specific focus on the Thai interests;
.VSA will combine with SI Capital and Spark Advisory Partners to explore strategic options for the Companys Thai mineral opportunities either through IPO, reverse takeover or joint venture agreements;
.As part of the review of strategic options, VSA will also explore sources of project level financing for the Companys interests in Thailand;
.The Board believes that VSAs industry knowledge and access to capital in Asia will be of great assistance in this regard; and
.MTR and members of the Thai joint venture intend to conduct a preliminary roadshow in Hong Kong in the near term.
Paul Johnson, Chief Executive Officer of Metal Tiger said I am very pleased to announce the appointment of VSA Capital which will enable the Company to access strategic project level financing for Thailand and its investments in-country.
Metal Tiger was pleased to conclude the commercial agreement in respect of the Boh Yai and Song Toh silver-lead-zinc mines in Thailand. This agreement now enables us to explore corporate transactions that will provide this and other Thai projects with a platform to access their own funding as well as demonstrate the true value of each interest, which the board believe has not been properly reflected in the market value of the Company.
The Metal Tiger board are keen to see all the Companys current and future investing interests stand on their own feet commercially. This means project level financing and the introduction of vehicles through which the Company may realise the value created through its early support of these projects and consequently the Board will look to share some of that value through future distributions to shareholders.
In the specific case of Thailand, we believe there is an outstanding investment case for foreign investment in Thai resource opportunities, and Metal Tiger Thailand has the team in place to manage and advance such opportunities. Thailand has extensive geological potential, and with an appropriate due respect and regard for environmental protection and community support, we believe incoming capital will be well-rewarded for demonstrating belief and commitment in the opportunity to support Thai resource companies such as Metal Tiger Thailand.
About VSA Capital:
VSA is an international investment bank with offices in London and Hong Kong with extensive experience in private equity, mergers and acquisitions and alternative financing transactions for natural resources companies. VSA have assisted both private and public companies with transactions on several major exchanges.
http://www.moneyam.com/action/news/showArticle?id=5427287
banjomick
- 05 Oct 2016 14:58
- 201 of 474
Metal Tiger - Botswana update, Excellent Metallurgical Results
Wed, 05 Oct 2016, 09:35am BST
Paul Johnson, Chief Executive Officer, discusses the preliminary results of metallurgical testwork on composite samples of mineralisation from the Target 3 (T3) Resource project, along with an update on the T3 drilling status.
https://www.brrmedia.co.uk/broadcasts/57f3dfaaa002a8d30e105b2d/metal-tiger-botswana-update-excellent-metallurgical-results#
Wed, 05 Oct 2016, 09:35am BST
Paul Johnson, Chief Executive Officer, discusses the preliminary results of metallurgical testwork on composite samples of mineralisation from the Target 3 (T3) Resource project, along with an update on the T3 drilling status.
https://www.brrmedia.co.uk/broadcasts/57f3dfaaa002a8d30e105b2d/metal-tiger-botswana-update-excellent-metallurgical-results#
banjomick
- 06 Oct 2016 12:15
- 202 of 474
Paul Johnson CEO Metal Tiger (LON:MTR) at The Cote 23rd September 2016
Published on Oct 6, 2016
Paul Johnson CEO Metal Tiger.
https://www.youtube.com/watch?v=_jdSyllcZwc
Published on Oct 6, 2016
Paul Johnson CEO Metal Tiger.
https://www.youtube.com/watch?v=_jdSyllcZwc
banjomick
- 09 Oct 2016 15:16
- 203 of 474
Metal Tiger Corporate Presentation
Date added: 06/10/2016
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=MTR_Presentation_06Oct2016.pdf
Date added: 06/10/2016
http://www.metaltigerplc.com/index.php/investors/company-presentation/download?path=MTR_Presentation_06Oct2016.pdf
banjomick
- 10 Oct 2016 08:59
- 204 of 474
10 October 2016
Metal Tiger Plc
Strategic Update and Board Restructuring
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce an update with regard to the Companys strategic plans and an associated board restructuring.
Highlights:
• Metal Tiger’s core strategic plan is centred around the acquisition of high potential mineral exploration and development opportunities through its Metal Projects division. The Company’s ultimate objective is to distribute the material value created to shareholders through cash and equity distributions;
• Metal Tiger is applying to the High Court for, subject to shareholders ratification at a General Meeting, a cancellation of the existing Share Premium Account (termed a Capital Reduction) enabling the Company to undertake a distribution of cash or equity holdings to shareholders should circumstances present an opportunity to do so. By way of example this could arise if a current or future interest in the Metal Project division is sold for cash or equity, or if an interest is spun-out into an IPO or reverse-takeover vehicle. Shareholders should be aware that until a distribution is formally announced there is no certainty that any such distribution will occur;
• Details of the General Meeting to ratify the application to the High Court above will be provided to the market shortly. This General Meeting will also include a resolution allowing the Company to buy back its own shares with the intention of taking such shares into treasury or for cancellation as the Company’s board deems appropriate;
• The Company further intends to accelerate efforts to crystallise value from its new project pipeline that may also generate additional value for shareholders. This will be achieved by applying a dedicated portion of Company management and financial resources, in conjunction with that of external consultants, to efficiently investigate new opportunities for inclusion within the Metal Tiger portfolio or to be held through third party vehicles, including but not restricted to investee companies;
• To undertake the latter, the Metal Tiger Asset Trading division is to expand and will from today’s date encompass the following activities: ◦ management of existing Asset Trading division equity, warrant and royalty investment activities;
◦ continuation of initiatives to secure value crystallisation from existing Metal Project interests with any value crystallised to initially sit with Asset Trading pending a decision to distribute to shareholders; and
◦ implementation of measures to secure value from new project pipeline with projects considered for inclusion within the Company’s Metal Projects division, or third party vehicles including investee companies.
• Metal Tiger is to restructure its board with Alex Borrelli, current Non-executive director to become Chief Executive Officer with effect from 17 October 2016 and holding responsibility for overall management and administration of the Company;
• Concurrently, Paul Johnson to step down from the board with effect from 17 October 2016 to undertake a senior consultancy role for Metal Tiger assisting with management of the Asset Trading division. The role will be specifically focused on new project pipeline development and the crystallisation of value from current and pipeline interests, enabling distributions to shareholders to be considered. In addition Mr Johnson will also assist the Company with regard to public and investor relations to ensure the communications strategy employed by the Company to date is maintained; and
• Metal Tiger intends to appoint an additional Non-executive director in the near term.
Paul Johnson, outgoing Chief Executive Officer of Metal Tiger commented “I am very pleased to announce this restructuring. Given the progress achieved, it is the view of the Board that it is paramount to have the CEO role undertaken by someone with the management skills, discipline and market recognition needed to pursue significant growth of the Company’s valuation and increase the extent of institutional engagement with the Company.
Alex Borrelli has the right mix of leadership skills and market presence and I am delighted he is willing and able to take on this role. I say this having worked with Alex for two years and with my family holding 9,600,000 MTR shares and 15,830,000 options.
I am delighted to move into this senior consultancy role for the company, assisting with the new project pipeline, value crystallisation and asset trading which is where I wish to spend my time, generating value for shareholders. I will also be working with Alex for at least a further 12 months, assisting with public and investor relations.
I believe we are entering into a particularly exciting phase for the Company and I intend to devote considerable personal time to develop Company interests where to date, with the heavy administrative and managerial responsibilities of running the public company, I have not been able to focus.”
Alex Borrelli, incoming Chief Executive Officer of Metal Tiger plc commented: “I am delighted to take the position of Chief Executive Officer of Metal Tiger and am honoured by the trust the Company has placed in me as I take on this role.
Metal Tiger is a unique company, having been brought to its current strong position by a team of energetic management drivers, who have worked with the incisive project knowledge demonstrated by our Chairman Terry Grammer, to access highly valuable opportunities in Botswana, Spain and Thailand each of which offers, in the view of the board, considerable upside potential.
With the key business interests now in place the Company needs to focus and drive the value in each separately. This is a considerable management commitment and the Board recognise that to maximise the return for shareholders there must be a focused management approach. This restructuring provides that focus for Metal Tiger plc.”
http://www.metaltigerplc.com/index.php/investors/latest-news/935-strategic-update-and-board-restructuring-2016-10-10-070000
Metal Tiger Plc
Strategic Update and Board Restructuring
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce an update with regard to the Companys strategic plans and an associated board restructuring.
Highlights:
• Metal Tiger’s core strategic plan is centred around the acquisition of high potential mineral exploration and development opportunities through its Metal Projects division. The Company’s ultimate objective is to distribute the material value created to shareholders through cash and equity distributions;
• Metal Tiger is applying to the High Court for, subject to shareholders ratification at a General Meeting, a cancellation of the existing Share Premium Account (termed a Capital Reduction) enabling the Company to undertake a distribution of cash or equity holdings to shareholders should circumstances present an opportunity to do so. By way of example this could arise if a current or future interest in the Metal Project division is sold for cash or equity, or if an interest is spun-out into an IPO or reverse-takeover vehicle. Shareholders should be aware that until a distribution is formally announced there is no certainty that any such distribution will occur;
• Details of the General Meeting to ratify the application to the High Court above will be provided to the market shortly. This General Meeting will also include a resolution allowing the Company to buy back its own shares with the intention of taking such shares into treasury or for cancellation as the Company’s board deems appropriate;
• The Company further intends to accelerate efforts to crystallise value from its new project pipeline that may also generate additional value for shareholders. This will be achieved by applying a dedicated portion of Company management and financial resources, in conjunction with that of external consultants, to efficiently investigate new opportunities for inclusion within the Metal Tiger portfolio or to be held through third party vehicles, including but not restricted to investee companies;
• To undertake the latter, the Metal Tiger Asset Trading division is to expand and will from today’s date encompass the following activities: ◦ management of existing Asset Trading division equity, warrant and royalty investment activities;
◦ continuation of initiatives to secure value crystallisation from existing Metal Project interests with any value crystallised to initially sit with Asset Trading pending a decision to distribute to shareholders; and
◦ implementation of measures to secure value from new project pipeline with projects considered for inclusion within the Company’s Metal Projects division, or third party vehicles including investee companies.
• Metal Tiger is to restructure its board with Alex Borrelli, current Non-executive director to become Chief Executive Officer with effect from 17 October 2016 and holding responsibility for overall management and administration of the Company;
• Concurrently, Paul Johnson to step down from the board with effect from 17 October 2016 to undertake a senior consultancy role for Metal Tiger assisting with management of the Asset Trading division. The role will be specifically focused on new project pipeline development and the crystallisation of value from current and pipeline interests, enabling distributions to shareholders to be considered. In addition Mr Johnson will also assist the Company with regard to public and investor relations to ensure the communications strategy employed by the Company to date is maintained; and
• Metal Tiger intends to appoint an additional Non-executive director in the near term.
Paul Johnson, outgoing Chief Executive Officer of Metal Tiger commented “I am very pleased to announce this restructuring. Given the progress achieved, it is the view of the Board that it is paramount to have the CEO role undertaken by someone with the management skills, discipline and market recognition needed to pursue significant growth of the Company’s valuation and increase the extent of institutional engagement with the Company.
Alex Borrelli has the right mix of leadership skills and market presence and I am delighted he is willing and able to take on this role. I say this having worked with Alex for two years and with my family holding 9,600,000 MTR shares and 15,830,000 options.
I am delighted to move into this senior consultancy role for the company, assisting with the new project pipeline, value crystallisation and asset trading which is where I wish to spend my time, generating value for shareholders. I will also be working with Alex for at least a further 12 months, assisting with public and investor relations.
I believe we are entering into a particularly exciting phase for the Company and I intend to devote considerable personal time to develop Company interests where to date, with the heavy administrative and managerial responsibilities of running the public company, I have not been able to focus.”
Alex Borrelli, incoming Chief Executive Officer of Metal Tiger plc commented: “I am delighted to take the position of Chief Executive Officer of Metal Tiger and am honoured by the trust the Company has placed in me as I take on this role.
Metal Tiger is a unique company, having been brought to its current strong position by a team of energetic management drivers, who have worked with the incisive project knowledge demonstrated by our Chairman Terry Grammer, to access highly valuable opportunities in Botswana, Spain and Thailand each of which offers, in the view of the board, considerable upside potential.
With the key business interests now in place the Company needs to focus and drive the value in each separately. This is a considerable management commitment and the Board recognise that to maximise the return for shareholders there must be a focused management approach. This restructuring provides that focus for Metal Tiger plc.”
http://www.metaltigerplc.com/index.php/investors/latest-news/935-strategic-update-and-board-restructuring-2016-10-10-070000
banjomick
- 10 Oct 2016 09:03
- 205 of 474
Botswana Extension Drilling Underway for Low Cost T3 Discovery
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the exploration programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
An estimate of the total cost of discovery for the Target 3 (T3) Resource is provided below, along with details of the T3 extension drilling which has commenced.
In addition, we would refer to the announcement released today by MOD Resources which contains images, graphs and diagrams that may assist readers in an understanding of the project. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented:
With the completion of the maiden Resource at T3, the joint venture has taken the opportunity to take stock of our investment in T3 to date. The T3 deposit has been taken from a discrete copper in soil anomaly, through initial RC drilling confirmation, and subsequent diamond hole drill-out, to a JORC compliant Mineral Resource Estimate in only 6 months, demonstrating real value for a relatively modest spend.
As we continue to explore the T3 Dome and extend the T3 Resource, the exploration team will continue to carefully manage the programme in order to maximise the potential exploration returns.
This exploration potential includes the current prospect of a drill hole confirming further significant copper associated with the strong IP geophysics anomaly located immediately down-dip, below, the current T3 Resource.
Highlights:
•Work has commenced on testing possible T3 Resource extensions and on other targets, prospective for T3 vein type mineralisation, situated along the T3 Dome. The first drill target is the large IP (Induced Polarisation) anomaly interpreted 500m down dip from the T3 resource (see below).
•Total all-in cost of the T3 Deposit, in the 6 months from discovery to 350Kt Cu maiden Resource, calculated at US$1.7M, equivalent to only US$0.22 / pound of contained copper in the Mineral Resource Estimate.
•The very low discovery cost and relatively modest investment in the T3 Resource definition has generated significant value for the MOD/MTR joint venture.
•2016 Q4 exploration work will include investigating a number of IP geophysics targets, soil geochemistry anomalies and structural targets.
Exploration Detail
•Drilling has commenced on the first IP geophysics target; a large anomaly interpreted to be 500m down-dip of the T3 Resource. This diamond drill hole will target the same zone as previously drilled hole MO-T3U-01D, which failed to intersect the IP target due to drill-string deviation, some 200m above the target.
•MO-T3U-01D previously intersected 20m @ 0.4% Cu & 6g/t Ag, including 0.8m @ 2.5% Cu & 37g/t Ag from 473m down hole depth, within the same host sedimentary sequence as the T3 mineralisation.
•Assays are currently awaited for the 5 in-fill holes drilled within the high-grade core of the T3 Resource. Regional soil sampling is on-going.
Competent Persons
The T3 Prospect geological data and exploration results have been reviewed and approved by Jacques Janse van Rensburg, BSc (Hons), Technical Adviser and Competent Person for MOD Resources Ltd. The Competent Person for the Mineral Resource estimation and classification of the T3 Copper/Silver Project is Mr A.I. Pretorius, MSc. Pri.Sci.Nat.
Location
The T3 Prospect is located on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).
http://www.moneyam.com/action/news/showArticle?id=5429537
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to provide an update with regard to the exploration programme at the Companys Joint Venture (JV) project with partners MOD Resources (ASX:MOD) in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger).
An estimate of the total cost of discovery for the Target 3 (T3) Resource is provided below, along with details of the T3 extension drilling which has commenced.
In addition, we would refer to the announcement released today by MOD Resources which contains images, graphs and diagrams that may assist readers in an understanding of the project. This announcement can be viewed through the following link:
http://search.asx.com.au/s/search.html?query=mod&collection=asx-meta&profile=web
Paul Johnson Chief Executive Officer of Metal Tiger commented:
With the completion of the maiden Resource at T3, the joint venture has taken the opportunity to take stock of our investment in T3 to date. The T3 deposit has been taken from a discrete copper in soil anomaly, through initial RC drilling confirmation, and subsequent diamond hole drill-out, to a JORC compliant Mineral Resource Estimate in only 6 months, demonstrating real value for a relatively modest spend.
As we continue to explore the T3 Dome and extend the T3 Resource, the exploration team will continue to carefully manage the programme in order to maximise the potential exploration returns.
This exploration potential includes the current prospect of a drill hole confirming further significant copper associated with the strong IP geophysics anomaly located immediately down-dip, below, the current T3 Resource.
Highlights:
•Work has commenced on testing possible T3 Resource extensions and on other targets, prospective for T3 vein type mineralisation, situated along the T3 Dome. The first drill target is the large IP (Induced Polarisation) anomaly interpreted 500m down dip from the T3 resource (see below).
•Total all-in cost of the T3 Deposit, in the 6 months from discovery to 350Kt Cu maiden Resource, calculated at US$1.7M, equivalent to only US$0.22 / pound of contained copper in the Mineral Resource Estimate.
•The very low discovery cost and relatively modest investment in the T3 Resource definition has generated significant value for the MOD/MTR joint venture.
•2016 Q4 exploration work will include investigating a number of IP geophysics targets, soil geochemistry anomalies and structural targets.
Exploration Detail
•Drilling has commenced on the first IP geophysics target; a large anomaly interpreted to be 500m down-dip of the T3 Resource. This diamond drill hole will target the same zone as previously drilled hole MO-T3U-01D, which failed to intersect the IP target due to drill-string deviation, some 200m above the target.
•MO-T3U-01D previously intersected 20m @ 0.4% Cu & 6g/t Ag, including 0.8m @ 2.5% Cu & 37g/t Ag from 473m down hole depth, within the same host sedimentary sequence as the T3 mineralisation.
•Assays are currently awaited for the 5 in-fill holes drilled within the high-grade core of the T3 Resource. Regional soil sampling is on-going.
Competent Persons
The T3 Prospect geological data and exploration results have been reviewed and approved by Jacques Janse van Rensburg, BSc (Hons), Technical Adviser and Competent Person for MOD Resources Ltd. The Competent Person for the Mineral Resource estimation and classification of the T3 Copper/Silver Project is Mr A.I. Pretorius, MSc. Pri.Sci.Nat.
Location
The T3 Prospect is located on the Kalahari Copper Belt in northern Botswana and is part of the MOD/MTR joint venture Botswana Copper/Silver Project. T3 is located approximately 70km NE of the projects Tshimologo (T4) Prospect and is located parallel to the same structural trend known as the Mahumo Structural Corridor, that hosts MODs Mahumo Project (circa 20km NE of T3) and Cupric Capitals Banana Zone Deposit (60km NE) and Zone 5 Project (120km NE).
http://www.moneyam.com/action/news/showArticle?id=5429537
banjomick
- 10 Oct 2016 14:44
- 206 of 474
Metal Tiger's T3 discovery shows good value for modest spend
13:21 10 Oct 2016
Total all-in-cost over the six months has been US$1.7mln, or US$0.22 per pound of contained copper
Metal Tiger PLC (LON:MTR) said its T3 copper discovery in Botswana has demonstrated good value for a modest spend.
The prospect is 30% owned by Metal Tiger and 70% by Aussie-listed partner MOD Resources and has been taken to a JORC resource of 350,000 tonnes of copper in just six months.
Total all-in-cost over that period has been US$1.7mln, or US$0.22 per pound of contained copper, Metal Tiger revealed.
By way of comparison, the current copper price is around US$2.15 a pound.
Meanwhile, the joint venture is continuing to explore the area and aiming to expand the resource and drilling has now begun on the first IP geophysics target.
This is a large anomaly, 500 metres down-dip from the T3 resource and the diamond hole will target the same zone as previously drilled hole MO-T3U-01D - which failed to intersect the IP target due to a drilling issue around 200 metres above the target.
Hole MO-T3U-01D previously hit 20 metres at 0.4% copper and 6 g/t (grammes per tonne) silver, including 0.8 metres at 2.5% copper and 37 grammes per tonne silver from 473m down hole depth, within the same host sedimentary sequence as the T3 mineralisation.
Elsewhere, assays are awaited for the five in-fill holes drilled within the high-grade core of the T3 resource, while regional soil sampling is on-going.
Earlier on Monday, Metal Tiger unveiled a restructuring, which sees a new chief executive appointed and current chief Paul Johnson step down to oversee the expansion of the asset trading business.
Current non-exec director Alex Borrelli will become chief executive on October 17.
On the same date, Johnson will start as senior consultant for the group, assisting with managing the asset trading division.
Giles Gwinnett
13:21 10 Oct 2016
Total all-in-cost over the six months has been US$1.7mln, or US$0.22 per pound of contained copper
Metal Tiger PLC (LON:MTR) said its T3 copper discovery in Botswana has demonstrated good value for a modest spend.
The prospect is 30% owned by Metal Tiger and 70% by Aussie-listed partner MOD Resources and has been taken to a JORC resource of 350,000 tonnes of copper in just six months.
Total all-in-cost over that period has been US$1.7mln, or US$0.22 per pound of contained copper, Metal Tiger revealed.
By way of comparison, the current copper price is around US$2.15 a pound.
Meanwhile, the joint venture is continuing to explore the area and aiming to expand the resource and drilling has now begun on the first IP geophysics target.
This is a large anomaly, 500 metres down-dip from the T3 resource and the diamond hole will target the same zone as previously drilled hole MO-T3U-01D - which failed to intersect the IP target due to a drilling issue around 200 metres above the target.
Hole MO-T3U-01D previously hit 20 metres at 0.4% copper and 6 g/t (grammes per tonne) silver, including 0.8 metres at 2.5% copper and 37 grammes per tonne silver from 473m down hole depth, within the same host sedimentary sequence as the T3 mineralisation.
Elsewhere, assays are awaited for the five in-fill holes drilled within the high-grade core of the T3 resource, while regional soil sampling is on-going.
Earlier on Monday, Metal Tiger unveiled a restructuring, which sees a new chief executive appointed and current chief Paul Johnson step down to oversee the expansion of the asset trading business.
Current non-exec director Alex Borrelli will become chief executive on October 17.
On the same date, Johnson will start as senior consultant for the group, assisting with managing the asset trading division.
Giles Gwinnett
banjomick
- 10 Oct 2016 21:41
- 207 of 474
Share Talk spoke with Paul Johnson today about the announcement that he will stepping down as CEO from Metal Tiger PLC. Strategic Update and Board Restructuring
Mr Johnson answered share holders questions and give assurances that Alex Borrelli will continue to take the company forward!
Metal Tiger is to restructure its board with Alex Borrelli, current Non-executive director to become Chief Executive Officer with effect from 17 October 2016 and holding responsibility for overall management and administration of the Company;
Concurrently, Paul Johnson to step down from the board with effect from 17 October 2016 to undertake a senior consultancy role for Metal Tiger assisting with management of the Asset Trading division.
http://www.share-talk.com/share-news/paul-johnson-ceo-metal-tiger-plc/
mentor - 11 Oct 2016 09:27 - 208 of 474
re - Paul Johnson leaving
About time he clears the desk and company starts a new policy
The only thing he is good at is daily RNS
About time he clears the desk and company starts a new policy
The only thing he is good at is daily RNS
banjomick
- 11 Oct 2016 15:44
- 209 of 474
MiningMaven Podcast No 51 with Paul Johnson and Alex Borrelli Metal Tiger #MTR
This interview was recorded on Monday 10th October 2016
Following Metal Tiger's Strategic Update and Board Restructuring announcement today we took the opportunity to speak to outgoing CEO Paul Johnson and the incoming CEO Alex Borrelli to get their take on the significance of the board changes. See full announcement here:
http://www.metaltigerplc.com/index.php/investors/latest-news/935-strategic-update-and-board-restructuring-2016-10-10-070000
We then go on to discuss the Company's plans for the cancellation of the Share Premium Account which will enable Metal Tiger to undertake a distribution of cash or equity holdings to shareholders should circumstances present an opportunity to do so. We hope you enjoy listening!
This interview was recorded on Monday 10th October 2016
Following Metal Tiger's Strategic Update and Board Restructuring announcement today we took the opportunity to speak to outgoing CEO Paul Johnson and the incoming CEO Alex Borrelli to get their take on the significance of the board changes. See full announcement here:
http://www.metaltigerplc.com/index.php/investors/latest-news/935-strategic-update-and-board-restructuring-2016-10-10-070000
We then go on to discuss the Company's plans for the cancellation of the Share Premium Account which will enable Metal Tiger to undertake a distribution of cash or equity holdings to shareholders should circumstances present an opportunity to do so. We hope you enjoy listening!
banjomick
- 13 Oct 2016 10:54
- 210 of 474
13 October 2016
Metal Tiger Plc
Warrant Exercise
The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that it has today received completed signed warrant conversion notices and cash for the following amounts:
***See Link at BOP***
The 41,500,000 new ordinary shares are expected to be admitted to trading on or around 19 October 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 651,381,541. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 651,381,541 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.
http://www.moneyam.com/action/news/showArticle?id=5431511
Metal Tiger Plc
Warrant Exercise
The Board of Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that it has today received completed signed warrant conversion notices and cash for the following amounts:
***See Link at BOP***
The 41,500,000 new ordinary shares are expected to be admitted to trading on or around 19 October 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 651,381,541. For the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), the issued ordinary share capital of Metal Tiger following this allotment consists of 651,381,541 ordinary shares with voting rights attached (one vote per share). There are no shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, Metal Tiger under the DTRs.
http://www.moneyam.com/action/news/showArticle?id=5431511
banjomick
- 13 Oct 2016 10:58
- 211 of 474
Metal Tiger Plc
13 October 2016
Posting of Circular
Metal Tiger plc (LON:MTR), a London based AIM listed company that specialises in strategic investments in natural resource opportunities, is pleased to confirm that a Notice of General Meeting has today been posted to shareholders.
This General Meeting is being held in line with the Companys market announcements of 26 August 2016 and 10 October 2016 to seek shareholder approval for a capital reduction. The main purpose of the General Meeting is to approve a proposed reduction of share capital via a cancellation of the Companys share premium account and the cancellation of the 61,905,803 deferred shares of 0.0099 each in Metal Tiger (the Capital Reduction). Further details are provided below.
In addition to the approval for the Capital Reduction the Company will also seek the approval from shareholders to implement a share buyback facility, whereby the Company may purchase its own shares on or off-market. Shares repurchased may be held in treasury or cancelled at the Companys discretion.
The General Meeting will be held at the East India Club, 16 St Jamess Square, London SW1Y 4LH at 9:00am on 1 November 2016.
Capital Reduction
The Company is to apply to the High Court to obtain approval to implement a reduction in the share capital of the company by cancelling the existing deferred shares and cancelling the share premium account.
The Capital Reduction also requires shareholder approval which is the main purpose of the General Meeting.
A notice of General Meeting has now been forwarded to shareholders and will be available on the Companys website later today.
The Capital Reduction process is a standard and largely administrative process. It will not change the number of ordinary shares in issue or the current nominal value of the Companys ordinary shares.
The process merely permits a Company carrying historical retained losses to distribute cash or other interests to shareholders following completion of the process. This could not be done otherwise because Company law prohibits distribution when the Companys accounts show historical retained losses.
Distribution Policy
Subject to the approval of shareholders and the High Court of the Capital Reduction, the Company may wish to distribute cash or other interests to shareholders. This may occur in various circumstances and could include where the Company disposes of an interest for cash or equity and wishes to return some or all of the value generated to shareholders. Such distributions may also require further shareholder approval under market rules. Shareholders should be aware that until a distribution is formally announced there is no certainty that any such distribution will occur.
To be clear any such distributions would only be made by reference to shareholders on the register at a specified record time and date. Holders of warrants and options who have not exercised the same at the specified time and date would not be entitled to participate in a distribution.
The Company reserves the right to announce distributions without notice and it is the Companys intention that, subject to relevant laws and regulations any distribution announcement will incorporate a contemporaneous record date.
http://www.moneyam.com/action/news/showArticle?id=5431516
13 October 2016
Posting of Circular
Metal Tiger plc (LON:MTR), a London based AIM listed company that specialises in strategic investments in natural resource opportunities, is pleased to confirm that a Notice of General Meeting has today been posted to shareholders.
This General Meeting is being held in line with the Companys market announcements of 26 August 2016 and 10 October 2016 to seek shareholder approval for a capital reduction. The main purpose of the General Meeting is to approve a proposed reduction of share capital via a cancellation of the Companys share premium account and the cancellation of the 61,905,803 deferred shares of 0.0099 each in Metal Tiger (the Capital Reduction). Further details are provided below.
In addition to the approval for the Capital Reduction the Company will also seek the approval from shareholders to implement a share buyback facility, whereby the Company may purchase its own shares on or off-market. Shares repurchased may be held in treasury or cancelled at the Companys discretion.
The General Meeting will be held at the East India Club, 16 St Jamess Square, London SW1Y 4LH at 9:00am on 1 November 2016.
Capital Reduction
The Company is to apply to the High Court to obtain approval to implement a reduction in the share capital of the company by cancelling the existing deferred shares and cancelling the share premium account.
The Capital Reduction also requires shareholder approval which is the main purpose of the General Meeting.
A notice of General Meeting has now been forwarded to shareholders and will be available on the Companys website later today.
The Capital Reduction process is a standard and largely administrative process. It will not change the number of ordinary shares in issue or the current nominal value of the Companys ordinary shares.
The process merely permits a Company carrying historical retained losses to distribute cash or other interests to shareholders following completion of the process. This could not be done otherwise because Company law prohibits distribution when the Companys accounts show historical retained losses.
Distribution Policy
Subject to the approval of shareholders and the High Court of the Capital Reduction, the Company may wish to distribute cash or other interests to shareholders. This may occur in various circumstances and could include where the Company disposes of an interest for cash or equity and wishes to return some or all of the value generated to shareholders. Such distributions may also require further shareholder approval under market rules. Shareholders should be aware that until a distribution is formally announced there is no certainty that any such distribution will occur.
To be clear any such distributions would only be made by reference to shareholders on the register at a specified record time and date. Holders of warrants and options who have not exercised the same at the specified time and date would not be entitled to participate in a distribution.
The Company reserves the right to announce distributions without notice and it is the Companys intention that, subject to relevant laws and regulations any distribution announcement will incorporate a contemporaneous record date.
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