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

Ouch, down 14%, very odd.

Possible Offer and Rule 2.9 announcement
Fri, 25th Nov 2016 16:20

RNS Number : 2225Q
Metal Tiger PLC
25 November 2016
 
25 November 2016
 
Metal Tiger Plc
("Metal Tiger" or the "Company")
 
Statement re. Possible Offer and Rule 2.9 announcement
 
The Board of the Company announces that it has received an indicative offer for the Company ("the Indicative Offer") from BMR Group plc ("BMR" or "the Potential Offeror"). This process is at an early stage and there can be no certainty that an offer will be made for the Company.
 
The Indicative Offer is an all share offer whereby it is proposed that Metal Tiger shareholders will receive 0.231 BMR shares for every 1 Metal Tiger share that they own. Based on the closing share prices of Metal Tiger and BMR as at 24 November 2016, the Indicative Offer represents a discount to the closing price of Metal Tiger shares on 24 November 2016.
 
Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Takeover Code"), requires that the Potential Offeror, by not later than 5.00 p.m. on 23 December 2016 (the "relevant deadline"), either announces a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Takeover Code or announces that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies.
 
The relevant deadline will cease to apply to the Potential Offeror if another offeror announces, prior to the relevant deadline, a firm intention to make an offer for the Company. In such circumstances, the Potential Offeror will be required to clarify its intentions in accordance with Rule 2.6(d) of the Takeover Code.
 
This is an announcement falling under Rule 2.4 of the Takeover Code and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Takeover Code. There can be no certainty that an offer will be made.
 
A further announcement will be made as and when appropriate.
 
This announcement has been made with the approval of BMR Group plc.

Interesting times ahead!

Not a holder banjomick, but been following the company. Just thought the sp would rise with the news ?

There's a lot going on but initially the SP has gone to roughly where the bid from BMR group values MTR but I think there is more happening in the background and this is just the start, is my take.

14/11/16
"Metal Tiger notes that MOD has announced that it expects the results for Metal Capitals scoping study for a potential open pit mining operation at T3 to be completed and announced during November, one month ahead of when previously anticipated."
http://www.moneyam.com/action/news/showArticle?id=5448228

MOD are also at this event:

28th Nov-1st Dec Mines and Money-London (MOD Resources)

Interesting. BMR taken a bashing today.

Welcome to Share Talk

Investors! Meet the directors of MTR, KGLD, MKA and RGM on 26 November

Share Talk presents our first ever Investor’s Evening at the Forest of Arden Marriot Hotel near Birmingham on the evening of Saturday 26th November hosted by Zak Mir, featuring Metal Tiger, Kolar Gold, Mkango Resources and Regency Mines.

http://www.share-talk.com/

Looks like MTR are still attending the event:

Share_Talk ‏@Share_Talk · 4 hours ago

What are you doing TODAY Saturday, 26th November 2016 http://www.share-talk.com/share-news/what-are-you-doing-saturday-26th-november-3/ … You coming to Share Talk’s Investor’s Evening @Share_Talk

https://twitter.com/Share_Talk

Share_Talk ‏@Share_Talk · 2 hours ago

#ShareTalkBirmingham UPDATE Paul Johnson will be answering Q tonite on behalf #MTR Alex Borrelli will not be giving presentation @Share_Talk

https://twitter.com/Share_Talk



Presentations will be streamed LIVE on Facebook and Twitter.

Event timings:
18:00 – 18:30 Registration and Drinks
18:30 – 20:30 Presentations from Kolar Gold, Regency Mines, Metal Tiger, Mkango Resources
20:30 – 21:30 Buffet dinner, drinks + networking

http://www.share-talk.com/share-news/investors-evening-26th-november-2016-birmingham/

Presentations will be streamed LIVE on Facebook and Twitter.

https://www.periscope.tv/Share_Talk/1lDGLmpnVZQJm#

MOD Resources Presentation from this evening:

https://www.periscope.tv/Share_Talk/1BRJjABmPvgGw?

Edit-Think it's best opened via Chrome

Investors of both companies are not liking this at all. More gloom tomorrow may be?

Evening driver, it's a bit early to make an informed judgment until more news is forthcoming.

bj
I agree the RNS wasn't very clear more info is needed urgently.
Out of MTR a few weeks back, but still have a link through EUA..

Metal Tiger Plc

Rejection of Indicative Offer


The Company announced on 25 November 2016 that it had received an indicative offer of 0.231 BMR Group plc (BMR or the Potential Offeror) shares for every 1 share in Metal Tiger share from BMR (the Indicative Offer).

The Company would now like to announce that its independent directors, Terry Grammer and Jordan Luckett (together the Independent Directors), have notified BMR that they will not be recommending the Indicative Offer to Metal Tiger shareholders on the basis that it fundamentally undervalues the Company.

The Independent Directors refer to the announcement made on 14 November 2016 in respect of its Joint Venture project with MOD Resources in the Kalahari Copper Belt in Botswana (70% MOD Resources / 30% Metal Tiger) in which Metal Tiger stated that MOD Resources (ASX:MOD) expects to announce the results of the scoping study for a potential open pit mining operation at T3 to be completed and announced during November 2016.

The Independent Directors recognise that there are synergies between the Companies that could benefit Metal Tiger and its shareholders and, in the event that a significantly improved indicative offer is received from BMR, they confirm that they are willing to enter into negotiations with BMR after the results of the scoping study have been announced.

The Independent Directors note that in accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Takeover Code"), BMR must, by not later than 5.00 p.m. on 23 December 2016 (the "relevant deadline"), either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies.

The Independent Directors have received financial advice from SPARK Advisory Partners Limited (SPARK) on the terms of the Indicative Offer. In providing thisadvice, SPARK has taken into account the commercial assessment of the Independent Directors.

This statement is being made by Metal Tiger without the prior agreement or approval of BMR. Shareholders should be aware that there can be no certainty that an offer will be made.

A further announcement will be made as and when appropriate.

http://www.moneyam.com/action/news/showArticle?id=5455406

Link to the twitter feed for the Mines and Money event that kicked off today:

29 November 2016 
BMR Group PLC ("BMR" or the "Company")

Re Metal Tiger plc
 
The Board of BMR confirms that, further to the announcements of 25 November 2016 and 28 November 2016, it has formally withdrawn its indicative offer and will not make an offer for Metal Tiger plc.
 
This statement is a statement to which Rule 2.8 of the City Code on Takeovers and Mergers applies.

http://www.moneyam.com/action/news/showArticle?id=5456580

The securities of MOD Resources Limited (the “Company”) will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday, 2 December 2016 or when the announcement is released to the market.

http://www.asx.com.au/asxpdf/20161130/pdf/43dbvd22yh11hq.pdf

30 November 2016
Metal Tiger Plc

Update on Botswanan Joint Venture Partner

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities notes that MOD Resources, the 70% owner of Metal Tigers Joint Venture in Botswana has today entered into a Trading Halt Session, pending the release of an announcement. Metal Tiger notes that MODs securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Friday 2, December 2016 or when the announcement is released to the market.

A copy of the announcement released today by MOD Resources can be found at the following link:

http://www.asx.com.au/asxpdf/20161130/pdf/43dbvd22yh11hq.pdf

http://www.moneyam.com/action/news/showArticle?id=5457142

MINES AND MONEY – 30 NOVEMBER 2016
EXCITING NEW COPPER DISCOVERY IN BOTSWANA
MOD RESOURCES LIMITED

EXCITING NEW COPPER DISCOVERY IN BOTSWANA
MOVING RAPIDLY TOWARDS DEVELOPMENT


CONCLUSIONS

1. T3 IS SIGNIFICANT NEW SEDIMENT HOSTED Cu and Ag DISCOVERY
2. SCOPING STUDY FOR OPEN PIT MINE ONLY 9 MONTHS AFTER DISCOVERY
3. TARGET FIRST PRODUCTION 2019. ALIGN WITH POTENTIAL Cu UPLIFT
4. EXCEPTIONALLY LOW COST OF DISCOVERY & RESOURCE DRILLOUT
5. EXCELLENT POTENTIAL FOR NEW DISCOVERIES ALONG T3 DOME
6. MANY OTHER PRIORITY REGIONAL TARGETS TO DRILL IN 2017
7. BOTSWANA HIGHLY RATED FOR EXPLORATION, MINING & INVESTMENT

http://www.modresources.com.au/

Metal Tiger Plc

Further Update on Botswanan Joint Venture Partner

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities notes that MOD Resources, the 70% owner of Metal Tigers Joint Venture in Botswana has today requested for voluntary suspension of its securities on the ASX.

The suspension is pending release of an announcement regarding the results of the scoping study for an open pit mine at its 70%-owned T3 copper-silver deposit in the Kalahari Copper Belt, Botswana which is awaiting completion of the regulators review of the announcement. The Company notes that this suspension was granted and that a copy of the announcement can be found at the link below:

http://www.asx.com.au/asxpdf/20161202/pdf/43dfd42j0hjr4z.pdf

For further information on the Company, visit: www.metaltigerplc.com:

http://www.moneyam.com/action/news/showArticle?id=5459146