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Metal Tiger PLC (MTR)     

banjomick - 10 May 2016 16:21

logo.png                  
                                                     

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.



Chart.aspx?Provider=Intra&Code=MTR&Size=480&Skin=RedWhite&Scale=0&Type=2&Cycle=MINUTE1&Layout=Intra;IntraDate&E&Ind=VOLMA(60);&Layout=Intra;IntraDate&E=UK&YFormat=&XCycle=Hour2&Fix=1&SV=0Chart.aspx?Provider=EODIntra&Code=MTR&Size=480&Skin=BlackBlue&Type=2&Scale=0&Span=MONTH6&MA=&EMA=&OVER=&IND=VOLMA;&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0


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 - 26 Jun 2016 19:03 - 69 of 474

Metal Tiger PLC speak to LSE Share Talk - Part 2
Published on Jun 26, 2016

Metal Tiger team talk about the company's operations & reply to share holders questions. We cover Brexit vote in the UK and how it could affect the commodity - mining sectors?

This was recorded in London, UK - Wednesday 22 June, 2016

youtube_logo_small.jpg

banjomick - 27 Jun 2016 09:20 - 70 of 474

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

Metal Tiger have increased their holding in Thor Mining plc:

From 197m to 485m crossing the previous 4% to +8% threshold reaching 8.45% completed 24 / 02/ 16

http://www.moneyam.com/action/news/showArticle?id=5367086

banjomick - 28 Jun 2016 21:42 - 71 of 474

From earlier today and is related to yesterdays news:

MiningMaven Podcast No 28 with Mick Billing Chairman + CEO of Thor Mining (LON:THR) (ASX:THR)

Mick Billing Chairman and CEO of Thor Mining (LON:THR) (ASX:THR) joins us on the podcast today.

Thor Mining, an Australian focused tungsten developer has recently come up on the investor radar as the sector recovery continues. In todays Podcast Chairman Mick Billing discusses the Tungsten market and its price drivers. We then take a look Thor's investment proposition and its projects which include Molyhil in Australia and Pilot Mountain in Nevada, USA .

What is apparent from this interview is that the company's valuation at around £1.7m m/cap does little justice to the company's assets.

As mentioned in the Podcast, for more information on the tungsten market take a look at the article by Northland's analyst Ryan Long on Page 8 of the Aim Review:

http://www.hubinvest.com/AIMPDFJune2016_81.pdf

https://audioboom.com/boos/4757338-miningmaven-podcast-no-28-with-mick-billing-chairman-ceo-of-thor-mining-lon-thr-asx-thr

banjomick - 29 Jun 2016 08:42 - 72 of 474

Metal Tiger Plc
("Metal Tiger" or the "Company")

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 received a binding signed warrant conversion notice for the following amount on 27 June 2016:

***See Link BOP***

The Board is pleased to confirm that it has raised 1,577,500 from warrant conversions since March 16 2016.

The 55,555 new ordinary shares are expected to be admitted to trading on or around 5 July 2016. Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 570,023,219. 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 570,023,219 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.


Notes to Editors:

Metal Tiger plc is listed on the London Stock Exchange AIM Market (AIM) with the trading code MTR and invests in high potential mineral projects with a precious and strategic metals focus.

The Companys target is to deliver a very high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector timed to coincide, where possible, with a cyclical recovery in the exploration and mining markets. The Companys key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals.

Metal Tigers Metal Projects Division is focused on the development of its key project interests in Botswana, Spain and Thailand. In Botswana Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt. In Spain Metal Tiger the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand Metal Tiger has expanding interests over licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities.

The Company has access to a diverse pipeline of new opportunities focused on the natural resource sector including physical resource projects, new natural resource centred technologies and resource sector related fintech opportunities. Pipeline projects deemed commercially viable may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged.

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income. The aim of the division is to generate profits to reinvest into the Companys project based activities.

http://www.moneyam.com/action/news/showArticle?id=5368890

banjomick - 30 Jun 2016 08:58 - 73 of 474

30 June 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")

Audited results for the year ended 31 December 2015

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce its audited results for the year ended 31 December 2015.

Highlights:

• Net Asset Value up over 48%
• Increase in net cash in year of 168,453 (after net 1,812,359 proceeds from investment disposal was reinvested in Joint Ventures 596,343 and investments held for trading 1,199,401).
• Nil borrowings
• Net Current Assets of 1,058,333
• Market capitalisation up 45%
• Net Asset Value - fully diluted per share down 11%

Paul Johnson CEO of Metal Tiger stated: "I am pleased to present the report and accounts for the year ended 31 December 2015 during which the Metal Tiger business grew materially in terms of the depth and breadth of investing activities and interests.

We closed the year with a number of advancing Metal Project investments and a robust working capital position comprising cash and liquid resource equity holdings.

Moreover the extensive business progress in the first half of 2016 combined with the considerable increase in the Companys working capital post year end means that we sit mid-2016 with an extremely strong position and one where we can take advantage of a recovery in the natural resource sector which the board believe is now underway."

The Annual Report and Accounts for the year ended 31 December 2015, along with an explanatory note for shareholders, will be available shortly to view and download from Metal Tiger's existing website (www.metaltigerplc.com) in accordance with rule 26 of the AIM Rules for Companies together with a notice of Annual General Meeting. The AGM is scheduled to take place at East India Club, 16 St James Square, London, SW1Y 4LH at 10.30 a.m. on 29 July 2016.

***More From Link Below***

http://www.moneyam.com/action/news/showArticle?id=5369950

banjomick - 30 Jun 2016 09:18 - 74 of 474

The Annual Report and Accounts for the year ended 31 December 2015, along with an explanatory note for shareholders, will be available shortly to view and download from Metal Tiger's existing website:

http://www.metaltigerplc.com/images/publications/Metal-Tiger-Accounts-2015-v14H-a-FINAL.pdf

geoffsh - 03 Jul 2016 19:45 - 75 of 474

..............................New corporate presentation..............................



Put on Metal Tiger's web site 1st July.



http://www.metaltigerplc.com/index.php/investors/company-presentation

banjomick - 04 Jul 2016 08:33 - 76 of 474

04 July 2016
Eurasia Mining plc (AIM: EUA)
("Eurasia" or the "Company")

Semenovsky Tailings Project update and receipt of assays

Eurasia Mining plc,("Eurasia") the Russia focused PGM and gold production and development company, here working in partnership with Metal Tiger plc ("MTR"), is pleased to update progress from the Semenovsky Tailings Project (STP), most importantly the receipt of assay results from the 2016 metallurgical drilling programme.

As reported in RNS dated 26 April 2016, a drilling programme was carried out on site and the samples sent to SGS Chita for assay and subsequent metallurgical analysis. The testing program is considered in three phases. Phase 1a, fire assay of samples, phase 1b, bottle-roll cyanide-leach testing, and phase 2, optimisation of leach variables. The assay results returned for the 54 samples collected in phase 1a are in line with previous estimates, and the grades used previously in Eurasia's resource calculations. This work is a necessary step in planning the design of the processing plant, as well as confirming the grade of the tails and the reliability of previous workers sampling.

Highlights:

· 54 fire assay results returned from SGS laboratories Chita, return an average grade of 1.16 g/t gold and 17.3 g/t silver.

· Results are in line with expected values obtained from previous sampling programmes, lending additional support to reserve calculations

· These grades are high for tailings, providing a robust project for re-treatment and recovery of gold.

The depth of the tailings dam varies from six to eleven metres on average and this recent sampling program was designed to test the complete column of sands through to underlying clays below the tailings foundation. 5 drill holes were evenly spaced over the 1.5km2 tailings dam. Results are tabulated in full below. The sands were logged and individually bagged on site in Semenovsky by Eurasia geologists. Gold values are obtained by fire assay with an atomic absorption analysis finish and the silver values by atomic absorption method.

Separately, a reserves report was submitted to local authorities on the 30th May 2016 and this is continuing through the normal approvals process at the Bashkirian Ministry for Subsoil use.

Christian Schaffalitzky, Managing Director at Eurasia Mining comments "We are pleased to have independent verification of grade at the Semenovsky Tailings Project. Having worked in Russia for many years we are familiar with the excellent standard of Russian geological assessments and have complete faith in the Russian system of mineral resource definition but working in partnership with MTR, are duty bound to provide normal due diligence confirmation. We now look forward to results of gold recovery tests which will allow us to refine the design of the process plant and optimize the mining operation."

Consent for release

EurGeol Christian Schaffalitzky, FIMMM, PGeo, MIEI, CEng, is a director of the Company. He has reviewed the update and consents to the inclusion of the exploration information in the form and context in which it appears here. He is a Competent Person for the purposes of the reporting of these results.

***See Link Below for Results***

http://www.moneyam.com/action/news/showArticle?id=5372386

banjomick - 06 Jul 2016 09:21 - 77 of 474

Metal Tiger Plc
("Metal Tiger" or the "Company")

Botswana Copper/Silver Project Update

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 diamond drilling 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).

Technical highlights in respect of progress on the Target 3 (T3) Prospect, Phase 1 Resource Diamond Drilling Programme (the Resource Programme) are provided below. In addition we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the drilling being undertaken. 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 continue to be encouraged by the flow of strong assay results from our Botswana joint venture. The thick intersections of relatively high grade copper with significant silver are proving remarkably consistent, adding confidence to the possibility of an open-pit mine at T3.

To this end we support the commencement of metallurgical testwork and the appointment of a technical study manager to oversee a scoping study on the viability of the planned T3 Resource for open-pit mining.

We are highly encouraged with the continuing progress and professionalism of our Joint Venture partners in Botswana. The regular flow of news to market of late is demonstrable evidence of the progress being achieved.

Testing of other targets on the T3 Dome is an important step forward and it is of significance that the wider T3 area remains largely unexplored and is, in part, as geologically prospective as the ground which is currently the focus of drilling at T3.

Highlights:

Resource Programme Progress

• Assay results have been received for a further four diamond drill (DD) holes (MO-G-10D, MO-G-11D, MO-G-12D & MO-G-14D) within the Resource Programme area. The assays show wide intersections of 1-2% copper mineralisation and significant silver. The assay results for MO-G-13D are currently awaited.

• Significant downhole intersections include:

• MO-G-10D: 29m @ 1.8% Cu and 34g/t Ag from 112.0m

• MO-G-11D: 29m @ 1.8% Cu and 32g/t Ag from 112.0m

• MO-G-12D: 17.2m @ 1.4% Cu & 14g/t Ag from 103.9m

• 23 DD holes have now been completed and 2 DD holes are in progress within the Resource Programme. With 3 diamond drill rigs in operation on the Resource drilling, the work is on track to complete a maiden Resource in Q3 2016.

• The planned metallurgical drilling and test work programme will commence this month under the direction of the metallurgical consulting group, Independent Metallurgical Operations Pty Ltd (IMO). IMO will conduct the test work on a range of different sulphide ores from T3, from their base in Perth, Australia.

• MOD have appointed Mr Royce McAuslane as Study Manager for an open pit mine Scoping Study on the planned T3 Resource. It is envisaged that the scoping study would complete at the end of 2016, with a follow-up pre-feasibility study commencing in early 2017, should the results of the Scoping Study prove positive.

• Key results for latest down-hole intersections include:

• Hole MO-G-10D
• 16.5m @ 1.3% Cu & 23g/t Ag from 92.0m
• 29.0m @ 1.8% Cu and 34g/t Ag from 112.0m

• Hole MO-G-11D
• 29.0m @ 1.8% Cu & 32g/t Ag from 112.0m, including:
◦ 5.8m @ 2.6% Cu & 39g/t Ag from 119.0m; and
◦ 4.1m @ 3.8% Cu & 88g/t Ag from 136.9m
• 14.0m @ 0.73% Cu & 13g/t Ag from 159.0m

• Hole MO-G-12D
• 17.2m @ 1.4% Cu & 14g/t Ag from 103.9m, including:
◦ 7.5m @ 2.2% Cu & 26g/t Ag from 105.5m

• Hole MO-G-14D
• " 14.5m @ 1.0% Cu & 4g/t Ag from 87.5m

The four holes were designed to intersect the northerly dipping mineralisation at depth, and are orientated with a azimuth of 160deg and dip of 60deg. MO-G-010D reached a down hole depth of 170m, MO-G-11D reached 179m, MO-G-12D reached 158m and MO-G-14D reached 170m. A table of the drill collar locations is provided in the MOD release referenced above. Results from the continuing drilling programme will be released as they become available following geological interpretation.

T3 Prospect Expansion

• The fourth diamond drill rig has commenced testing targets outside of the current resource drilling area, these targets include; an induced polarisation (IP) geophysics chargeability anomaly 300m down dip from the deepest hole to date (MO-G-07D); an IP chargeability anomaly 1km south of current drilling; and a possible fault displacement of the target sequence 300m west of the resource area.

• The reverse circulation (RC) drilling rig continues to test the eastern 3km long copper/zinc anomaly, at a location approximately 3km east of the Resource drilling area.

• As part of the continuing T3 prospect expansion, further IP geophysics traverses are also planned this month to identify possible sulphide targets elsewhere on the T3 Dome.

Current Exploration Programme Plan

The Resource drilling programme at T3 is concentrating on the current 800m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from circa 60m vertical depth to 200m depth. The planned programme currently consists a further 17 diamond core drill holes at 100m collar spacing (subject to assay results additional holes may be added to enlarge the Resource area envelope). Additional samples are to be taken to enable metallurgical testwork on the copper/silver mineralisation. The completion of the maiden Mineral Resource estimate for T3 is planned for Q3 2016.

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).

MOD outline details of the current exploration procedures being employed on the project (JORC 2012 Table 1), a drill plan and section and tabulated assay data in their news release dated 6 July 2016. The work is being managed on the ground by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

http://www.moneyam.com/action/news/showArticle?id=5374452

banjomick - 06 Jul 2016 11:32 - 78 of 474

Metal Tiger shares up on latest Botswana drill update
11:14 06 Jul 2016

Metal's chief executive Paul Johnson said: "We continue to be encouraged by the flow of strong assay results from our Botswana joint venture."

757z468_shutterstock_239013286.jpg

Metal Tiger PLC (LON:MTR) shares crept almost 5% higher as it welcomed further positive results from partner MOD Resources (ASX:MOD) on its Botswana Copper Belt prospect.

Following latest assays, Metal's chief executive Paul Johnson said: "We continue to be encouraged by the flow of strong assay results from our Botswana joint venture.

"The thick intersections of relatively high grade copper with significant silver are proving remarkably consistent, adding confidence to the possibility of an open-pit mine at T3."

Today's results come from the resource drilling programme at the potential target T3 and highlights included 29 metres (m) at 1.8% copper (Cu) and 34g/t silver (Ag) from 112 metres.

Another assay showed 29m 1.8% Cu and 32g/t Ag from 112m

The programme is concentrating on the current 800m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from around 60m vertical depth to 200m depth.

A further 17 diamond core drill holes at 100m collar spacing are planned.

Johnson continued: "We support the commencement of metallurgical testwork and the appointment of a technical study manager to oversee a scoping study on the viability of the planned T3 Resource for open-pit mining.

"We are highly encouraged with the continuing progress and professionalism of our Joint Venture partners in Botswana. The regular flow of news to market of late is demonstrable evidence of the progress being achieved.

"Testing of other targets on the T3 Dome is an important step forward and it is of significance that the wider T3 area remains largely unexplored and is, in part, as geologically prospective as the ground which is currently the focus of drilling at T3."

Under the venture, MOD Resources has a 70% stake, while Metal Tiger has 30%

Giles Gwinnett

69060_163846843643689_7687549_n.jpg?oh=f

banjomick - 06 Jul 2016 13:58 - 79 of 474

Cheap Gold Mines Disappear as Bullion Buyers Splurge
by Luzi-Ann Javier
June 29, 2016 — 11:00 PM BST
Updated on July 2, 2016 — 11:47 PM BST


• Asset premiums jump as number of deals reaches most since 2011

• China, an early acquirer, retains appetite for adding reserves

So much for the run on cheap gold mines. Producers who were forced by slumping prices to unload assets last year are regaining leverage.

With bullion off to its biggest rally to start a year in four decades -- aided by the U.K.’s vote to quit the EU -- mine buyers are paying higher premiums and the pace of deals is accelerating, data compiled by Bloomberg show. The value of reserves held by major producers has almost doubled since the third quarter of last year, according to Bloomberg Intelligence.

The revival comes after a three-year slump led to losses, rising debt and a fire sale of assets. With valuations dropping, private equity firms and companies including Zijin Mining Group Ltd. pounced. The number of acquisitions worth at least $1 million rose 14 percent last year to 192, the first increase since 2010, data compiled by Bloomberg show. But now investors are pouring money into gold funds, and prices are near the highest in more than two years, boosting premiums for available mining assets that are getting harder to find.

“Scarcity of high-quality targets, both producing and development-stage, is more of a factor than bargain-hunting,” said Michael Siperco, an analyst at Macquarie Capital Markets in Toronto. “We could see potential acquirers more willing to pull the trigger on transactions, given the improving near and longer-term macro environment for gold.”

The average premium paid on deals worth at least $1 million is about 42 percent in the current quarter, up from 29 percent in the first quarter, data compiled by Bloomberg show. The 63 deals pending or completed in the quarter are the most since the fourth quarter of 2011, the year that bullion surged to a record high of $1,921.17 an ounce.

Teranga Gold Corp., a Toronto-based producer, agreed on June 20 to buy Gryphon Minerals Ltd., based in Subiaco, Australia, at a premium of 53 percent, based on the closing price before the deal was announced. That compares with an estimated 33 percent premium given by Vancouver-based Goldcorp Inc., the world’s third most valuable gold miner, when it agreed in May to acquire Kaminak Gold Corp.

Gary Goldberg, the chief executive officer of Newmont Mining Corp., the largest U.S. bullion producer, said Thursday that the company is keeping an eye on acquisition opportunities.

Brexit Boost

Gold has rallied 24 percent this year, heading for the best first half of any year since 1974. Prices touched $1,358.54 on June 24, the day after a U.K. plebiscite showed a majority wanted to exit the EU, a vote dubbed Brexit, prompting investors to stock up on bullion as a haven as global equity markets plunged. Bullion for immediate delivery traded little changed at $1,320.59 at 11:27 a.m. in New York.

“Brexit has given gold deals even more of an advantage as gold surged, and the interest in gold continues to build momentum,” said Kenneth Hoffman, senior metals and mining analyst at Bloomberg Intelligence in Princeton, New Jersey.

Even before the so-called Brexit vote, valuations were improving. A gauge of 14 senior gold producers tracked by Bloomberg Intelligence has more than doubled this year. On average, their reserves were valued at $178.43 an ounce in the second quarter, the highest since the first quarter of 2013, data compiled by Bloomberg Intelligence show. In the third quarter last year, the average was $90.90.

Negative Rates

Investors have been flocking to gold this year amid signs that the U.S. will keep interest rates lower for longer than previously forecast. Those concerns were compounded after Brexit, when yields on more than $9 trillion of bonds slide below zero. That means anyone who buys debt today will lose money if they hold the bonds to maturity, which boosts the appeal of gold as a store of value as prices rise.

While the rally boosted the value of gold deposits, it also improved the cash flow available for mining companies looking to acquire assets. Chinese producers have already made $1.2 billion of deals in the quarter, the most in a year, according to data compiled by Bloomberg Intelligence.

“There’s competition for these assets,” Hoffman said. “The small miners tend to worry more about private equity. The large miners worry about China. The Chinese have really shown an appetite for gold deals, and so they could get themselves in the bidding wars.”

Chinese Buyers

Shandong Gold Mining Co. and Zhongjin Gold Corp. are among the potential bidders for Glencore Plc’s gold mine in Kazakhstan, according to people familiar with the matter. Glencore may be seeking about $2 billion for the asset, the people said, asking not to be named because the deliberations are private. Zijin Mining, one of China’s largest producers, may be interested in the Vasilkovskoye mine, which Glencore put on the auction block earlier this year, the people said.

About half of gold companies surveyed by Macquarie indicated they were now more inclined toward mergers and acquisitions than six months ago. The primary obstacles, according to two-thirds of respondents, were the availability of quality targets and high valuations.

“A lot of them missed opportunities to buy things on the cheap that were distressed when gold prices were lower,” said Dan Denbow, a portfolio manager at the USAA Precious Metals & Minerals Fund in San Antonio, which oversees $751 million. “If anybody was strategically looking at replacing exploration dollars by doing acquisitions, they would have been better off doing it when assets were much cheaper, six months ago. Now they’re having to pay for a bit of premium.”

bloomberg-black-fon.jpg

banjomick - 07 Jul 2016 11:42 - 80 of 474

Metal Tiger Plc
("Metal Tiger" or the "Company")

Thailand Strategic Progress Update

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that South East Asia Exploration and Mining (SEAM), the Companys 90% owned Joint Venture partner in Thailand has agreed an extension to the Standstill Letter Agreement (SLA) as originally announced on 11 April 2016.

The SLA is in respect of the Companys work to secure an interest in the Boh Yai and Song Toh Silver-Lead-Zinc mines within its exploration properties in Kanchanaburi province, Western Thailand (the Mines).

The Company has been undertaking extensive discussions with the existing owners to identify the optimal route to undertake mine permitting, rehabilitation and planning for re-commencement of production and the formulation of a commercial agreement that is fair and reasonable to all parties.

Our work with the existing owners has been highly productive and the parties have agreed a workable approach across all material elements of the proposed commercial agreement. It is pleasing to note that great care is being taken by all parties to ensure the agreement recognises the importance of thorough and diligent mine planning, with a full focus on environmental protection, and support for the communities engaged with the Mines.

The Directors of the Company believe that there is potential for the Mines to offer profitable production over an extended period particularly when considering the upside exploration potential and it is necessary to ensure that we adopt an optimal corporate structure post agreement. In order to finalise our collaborative work in this regard all parties have agreed a modest extension to the SLA until 20 August 2016.

It is prudent to note that until a commercial agreement has been signed and announced to the market there can be no certainty that a transaction will be finalised. However reflecting the progress achieved to date, and with the support of all parties, initial preparatory work for the mine permitting process will now commence and a further update will be provided outlining this work in due course.

Paul Johnson Chief Executive Officer of Metal Tiger commented:

We are pleased to confirm continuing progress with our work in Thailand. To date we have been impressed with the professionalism and diligence of the mine owners to secure a fair and reasonable commercial agreement. We look forward to finalisation of the corporate structure in the near term and reporting back to market on the pathway to re-commence production.

Our team in Thailand is expanding in line with the growth in opportunities and we are aiming to be the most significant junior company investor in Thai resource opportunities. To achieve this objective we will leverage off our extensive and growing project interests and the national geological database we are preparing.

Metal Tiger and our Joint Venture partners SEAM are absolutely focused on ensuring the work undertaken in-country is conducted in a safe, considerate and environmentally focused manner; with full respect and regard for the communities with whom we engage. We are investing in extensive environmental planning and community liaison to ensure this objective is achieved.

Metal Tiger is delighted to be investing in Thailand helping to further Thai resource exploration, development and production opportunities. Southeast Asia, with Thailand at the heart, offers tremendous opportunity for companies willing to engage in a respectful and diligent manner.

Further Thailand updates will follow shortly.

Note: when reviewing this announcement investors are advised to also review the Company's announcement dated 16 February 2016 which detailed the terms of Metal Tiger's acquisition of SEAM interests in Thailand and which provided the basis for Metal Tiger to enter into this SLA, through a 90% holding in the Thailand operational vehicle.

This SLA and the proposed commercial transaction being considered reflects a major step forward and will enable Metal Tiger to utilise the considerable project specific research and information gathered from SEAM's involvement with the mines over a number of years.

Specifically SEAM has secured Eight Special Prospecting Licence Applications ("SPLAs") surrounding the historical mining operations at the Boh Yai and Song Toh Silver-Lead-Zinc mines where historical Metallgesellschaft and German consultant records indicate over five million tonnes of crude ore was processed producing approximately 520,000 tonnes of concentrate to smelter over a 22 year period.

In addition, SEAM has created an exploration and mining database relating to the Boh Yai and Song Toh mines. This includes local/regional mapping, soil & rock chip sampling and three geophysics programs. Furthermore the dataset includes material utilised to produce an NI 43-101 resource and Preliminary Economic Assessment extending to mine planning, geology and micro mine files,economic modelling and conceptual tailings planning.

Considering the above and the longstanding working relationship with the mine owners, SEAM in conjunction with Metal Tiger is exceptionally well placed to assist permitting and mine rehabilitation.

http://www.moneyam.com/action/news/showArticle?id=5375545

banjomick - 07 Jul 2016 13:10 - 81 of 474

Metal Tiger handed more time to secure Thailand mine deal
11:45 07 Jul 2016

All parties have now agreed to extend that out to August 20 this year.

757z468_Glencore-zinc-lead_opt.jpg
Resource investor Metal Tiger PLC (LON:MTR) has received more time to finalise securing an interest in the Boh Yai and Song Toh silver-lead mines in Kanchanaburi province, Thailand.

As reported in April, Metal paid $80,000 (£56,637) in cash plus $50,000 (£35,398) in shares to the mine owners for three months at performing due diligence on the mines and working out a formal joint venture agreement.

All parties have now agreed to extend that out to August 20 this year.

"Our work with the existing owners has been highly productive and the parties have agreed a workable approach across all material elements of the proposed commercial agreement," said Metal.

"To date we have been impressed with the professionalism and diligence of the mine owners to secure a fair and reasonable commercial agreement.

"We look forward to finalisation of the corporate structure in the near term and reporting back to market on the pathway to re-commence production."

South East Asia Exploration and Mining (SEAM) is the group's 90% owned joint venture partner in Thailand and Metal is in the process of buying out SEAM's Thai interests.

Giles Gwinnett

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banjomick - 07 Jul 2016 15:01 - 82 of 474

MiningMaven Podcast No 30 with Paul Johnson CEO of Metal Tiger (LON:MTR)

Metal Tiger updated the market today with regard to strategic progress in Thailand and the Standstill Letter Agreement in respect of the Company’s work to secure an interest in the Boh Yai and Song Toh Silver-Lead-Zinc mines within its exploration properties in Kanchanaburi province, Western Thailand. The full announcement can be viewed here:

http://bit.ly/29yVya2

We caught up with CEO Paul Johnson today via Skype and he was happy to expand on this announcement. We hope you enjoy listening.

https://audioboom.com/boos/4793008-miningmaven-podcast-no-30-with-paul-johnson-ceo-of-metal-tiger-lon-mtr

geoffsh - 11 Jul 2016 02:05 - 83 of 474

http://www.asx.com.au/asxpdf/20160711/pdf/438h2gzxgbxvdk.pdf






Great results with lots more to come, so enjoyable watching a fantastic prospect develop into a fantastic resource.

banjomick - 11 Jul 2016 09:13 - 84 of 474

Cheers Geoff &

11 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")

Positive Botswana Assays and Resource Envelope Expansion


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 diamond drilling 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).

Technical highlights in respect of progress on the Target 3 (T3) Prospect, Phase 1 Resource Diamond Drilling Programme (the Resource Programme) are provided below. In addition we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the drilling being undertaken. This announcement can be viewed through the following link. Please note that in the linked MOD announcement the results reported today for hole MO-G-14D should be disregarded; the single MO-G-14D intercept was correctly reported by MOD on 6 July 2016.

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 very happy to report another batch of strong copper intercepts from the resource drilling programme on our Botswana joint venture. Hole MO-G-16D has been especially exciting, being the strongest resource hole drilled to date, with an average 3.2% copper over 27.5m and almost 62m of significant copper mineralisation in total.

We also note that the results for MO-G-13D, the most easterly of the diamond holes yet drilled, points to mineralisation continuing to the east outside of the current resource drilling envelope which now measures 1km wide.

We look forward to reporting continuing progress from Botswana as further data becomes available.

Highlights:


Resource Programme Progress

• Assay results have been received for a further four diamond drill (DD) holes (MO-G-13D, MO-G-15D, MO-G-16D & MO-G-17D) within the Resource Programme area. Plus results for additional intercept in the upper levels of MO-G-12D, effectively doubling the mineralisation reported for this holes on 6 July 2016.

• Diamond drill hole MO-G-16D has provided the strongest copper intercepts of the Resource Programme to date, with 27.5m @ 3.2% Cu and 13g/t Ag from 134m including bornite veins yielding high grade assay of 0.8m @ 45.4% Cu and 119g/t and other positive assays between 4.9% and 8.7% Cu. If an arbitrary upper cut-off of 15% Cu is applied to this intersection, it becomes 27.5m @ 2.3% Cu and 13g/t Ag which still compares very favourably to other copper deposits on a global scale.

• MO-G-13D is the most easterly hole yet drilled in the current Resource Programme, its 16.8m @ 1.4% Cu and 5g/t Ag from 177m suggests that mineralisation is still open to the east. With the results from this hole the size of the resource area effectively increased from 800m to 1km across. Mineralisation also remains open down-dip.

• 23 DD holes have now been completed and 5 DD holes are in progress within the Resource Programme. With 3 diamond drill rigs in operation on the Resource drilling, the work is on track to complete a maiden Resource in Q3 2016.
• Key results for latest down-hole intersections include:

• Hole MO-G-12D


• 18.4m @ 1.4% Cu & 9g/t Ag from 68.0m (new interval)
• 17.2m @ 1.4% Cu & 14g/t Ag from 103.9m (reported 6 July 2016)

• Hole MO-G-13D
• 16.8m @ 1.4% Cu and 5g/t Ag from 176.8m

• Hole MO-G-15D
• 14.0m @ 1.3% Cu and 12g/t Ag from 87.0m
• 7.8m @ 0.8% Cu & 8g/t Ag from 119.6m

• Hole MO-G-16D
• 34.3m @ 1.2% Cu & 11g/t Ag from 87.7m, including:
◦ 5.0m @ 2.9% Cu & 49g/t Ag from 99.0m
• 27.5m @ 3.2% Cu & 13g/t Ag from 134.0m (or 27.5m @ 2.3% Cu & 13g/t Ag from 134.0m with the 45.4% Cu interval cut to 15% Cu)

• Hole MO-G-17D
• 10.0m @ 1.3% Cu & 6g/t Ag from 98.0m
• 18.0m @ 1.2% Cu & 8g/t Ag from 114.0m

All holes were designed to intersect the northerly dipping mineralisation at depth, and are orientated with a azimuth of 160deg and dip of 60deg. MO-G-012D reached a down hole depth of 158m, MO-G-13D reached 272m, MO-G-15D reached 167m, MO-G-16D reached 182m and MO-G-17D reached 182m.

There is good correlation of intercepts, thus continuity of mineralisation, between holes MO-G-15, MO-G-16D and MO-G-17D which are located on the same E-W profile at 100m spacing.

A table of the drill collar locations is provided in the MOD release referenced above. Results from the continuing drilling programme will be released as they become available following geological interpretation.

T3 Prospect Expansion

The fourth diamond drill rig and the reverse circulation (RC) drilling rig continue to test the developing pipeline of anomalies elsewhere in the T3 Prospect area. These anomalies are being identified from the ongoing soil sampling and induced polarisation (IP) geophysics survey.

Current Exploration Programme Plan

The Resource drilling programme at T3 is concentrating on the current 1,000m strike length of the T3 deposit, delineating the upper (UZ) and lower (LZ) copper/silver mineralisation, from circa 60m vertical depth to 200m depth. The planned programme currently consists of a further 16 diamond core drill holes at 100m collar spacing (subject to assay results additional holes may be added to enlarge the Resource area envelope). Additional samples are to be taken to enable metallurgical testwork on the copper/silver mineralisation. The completion of the maiden Mineral Resource estimate for T3 is planned for Q3 2016.

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).

MOD outline details of the current exploration procedures being employed on the project (JORC 2012 Table 1), a drill plan and section and tabulated assay data in their news release dated 6 July 2016. The work is being managed on the ground by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

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

http://www.moneyam.com/action/news/showArticle?id=5377079



banjomick - 12 Jul 2016 07:46 - 85 of 474

12 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")

STRATEGIC INVESTMENT IN KOLAR GOLD

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects is pleased to announce that the Company is to make a strategic investment in Kolar Gold Limited (LON: KGLD) (Kolar Gold) which will see Kolar Gold with a restructured board of directors.

Highlights:

• Transaction subject to Kolar Gold shareholder approval at Extraordinary General Meeting to be held on 27 July 2016;

• Metal Tiger to invest 200,000 in cash to acquire 18,181,818 shares in Kolar Gold at a price of 1.1p per new ordinary share and equating to circa 9.4% of Kolar Gold shares in issue post placing;

• Metal Tiger to also receive 18,181,818 warrants to acquire new ordinary shares in Kolar Gold at an exercise price of 2.2p per new ordinary share exercisable at any time within 30 months of the placing shares being admitted to trading;

• Metal Tiger has entered into an option agreement for a fee of US$25,000 to acquire a further 9,000,000 existing Kolar Gold shares from its current largest shareholder, at a price of 3.5p per share exercisable on or before 7 March 2017. It is at Metal Tigers sole discretion to choose if it wants to exercise the option;

• Board restructuring to take place at Kolar Gold Metal Tigers inaugural CEO Cameron Parry, to step down from the board of Metal Tiger to take up the position of CEO of Kolar Gold, subject to the passing of the resolutions at the Kolar Gold GM to be held on 27 July 2016. Luke Cairns to join as the other Executive Director of Kolar Gold. Harvinder Hungin to remain Non-Executive Chairman, Steven Oke to remain Non-Executive Director and Vaidyanathan Sivakumar to step down as Non-executive director; and

• New board of Kolar Gold to launch an immediate operational review covering existing exploration interests and various pipeline acquisition opportunities that may be suitable for the Kolar Gold business.

Paul Johnson, Chief Executive Officer of Metal Tiger plc commented We are delighted to announce the investment in Kolar Gold which exposes Metal Tiger shareholders to equity and warrant upside in a clean resource operating company at a modest valuation given the recent resource sector apathy in the markets.

I can also confirm that Metal Tigers creator and former CEO, Cameron Parry, is stepping down from Metal Tigers board upon completion of the transaction to commit his drive and ability to generate shareholder value to a new vehicle. We accept this is necessary and whilst Cameron will continue to provide Metal Tiger with his input as a strategic consultant, Id like to take this opportunity to thank Cameron for establishing Metal Tiger and helping to generate the tremendous value Metal Tiger has delivered for shareholders.

With Cameron and new executive director Luke Cairns taking on the management of Kolar Gold, we are confident that Kolar Gold will keenly utilise its new managerial and financial resources to rapidly build shareholder value by maximizing its current project interests in India, whilst identifying new complementary opportunities to refresh the business model and reinvigorate the Company and its investors.

We are hugely excited by the opportunity afforded by our investment and Camerons involvement in Kolar Gold and we look forward to updating investors further on transaction completion.

Kolar Gold reported a loss before tax of 1,254,716 for the year ended 30.06.15 and unaudited net assets of 3,701,713 as at 31.12.15.

http://www.moneyam.com/action/news/showArticle?id=5377682

banjomick - 13 Jul 2016 08:28 - 86 of 474

13 July 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")

Regional Soil Sampling in Botswana Identifies New Copper Targets

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 regional exploration results 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).

Details of Technical highlights in respect of regional soil sampling results are provided below. In addition we would refer to the announcement released today by MOD Resources which contains images and diagrams that may assist readers in an understanding of the project and the exploration work being undertaken. 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

The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further with the delineation of these soil geochemistry anomalies. The focussed strategy of identifying potential new deposits, by targeting regional scale structures identified from regional geophysics, with relatively low cost, soil sampling grids and RC drilling is paying off. The strategy worked to delineate the current T3 Resource Project and reportedly led to the discovery of MODS Mahumo deposit.

It is especially interesting to note that the T2 copper in soil anomalies outlined below are over three times higher than the 28ppm Cu anomalies that led to the discovery of T3.

We commend the progress that our partners are making in the search for new copper deposits across our holdings, and look forward to reporting further developments as these anomalies are tested.

Highlights:

Regional Exploration Programme Progress

• Several new copper anomalies have been identified from an ongoing regional soil sampling programme being conducted over the wider MOD/MTR JV licence holdings. This regional work is in addition to the ongoing resource drilling programme at T3.

• This soil geochemistry survey work focussed on the regional exploration targets T2, T9 and T10, which are located to the north of the T3 Resource Programme area.

• It is important to note that it was soil sampling that led to the discovery of both the T3 Resource target and the mineralisation drilled at T4 earlier this year. MOD also report that soil geochemistry led to the discovery of their 100% owned high-grade Mahumo copper/silver deposit.

• At T2, two strong copper in soil anomalies are outlined; ◦ T2-West, consists consistently high copper values up to 85ppm Cu over a circa 1.5km wide zone.
◦ T2-East, consists consistently high copper values up to 83ppm Cu over a circa 1.5km wide zone.
◦ T2-West is located 20km north of T3 and 3.5km west of the Mahumo deposit; T2-East is 20km north of T3 and 5.5km east of Mahumo. Both T2 anomalies are interpreted from magnetic geophysics survey data, to be associated with folding of the prospective Mahumo geological contact and are located directly along strike from the Mahumo deposit.

• The T2-West and T2-East soil anomalies will be investigated by reverse circulation (RC) drilling as soon as a RC drill rig becomes available.

• At T9 and T10, approximately 60km north of the T3 prospect, extensive copper soil anomalies coinciding with major regional structures have been identified. Investigation is ongoing.

Regional Exploration Programme

The Regional Exploration Programme is being conducted by two geological survey teams. One team is using the JVs fourth diamond drill rig and the reverse RC drilling rig to test soil sampling and induced polarisation (IP) geophysics anomalies already identified along the 25km-long T3 Dome as part of the T3 Prospect Expansion. Whilst the other team is conducting soil sampling along structural targets within the joint ventures extensive regional licence holdings.

Location


The MOD/MTR joint venture Botswana Copper/Silver Project is located on the Kalahari Copper Belt in northern Botswana. 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).

The exploration work is being managed on the ground, in accordance with JORC 2012 best practice, by MODs Competent Person, Mr Jacques Janse van Rensburg, BSc (Hons), General Manager Exploration (Africa).

The technical information contained in this disclosure has been read and approved by Mr Nick O'Reilly (MSc, DIC, MAusIMM, FGS), who is a qualified geologist who meets the criteria of a qualified person under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr O'Reilly has visited the T3 site and reviewed MODs drilling and sampling protocols and procedures. Mr O'Reilly is a consultant working for Mining Analyst Consulting Ltd which has been retained by Metal Tiger PLC to provide technical support.

http://www.moneyam.com/action/news/showArticle?id=5378547

banjomick - 13 Jul 2016 11:37 - 87 of 474

Metal Tiger unearths more copper potential in Botswana
07:48 13 Jul 2016

“The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further," Paul Johnson said.

757z468_Botswana%2C-Kalahari-desert-and-

Metal Tiger Plc (LON:MTR) has highlighted the latest exploration update from its 30% owned project in the Kalahari Copper Belt, Botswana.

Soil sampling has identified several copper anomalies. The work focussed on three target areas (referred to as T2, T9 and T10), all of which are located to the north of the more advanced T3 resource target.

The T3 mineralisation was unearthed by following the same soil sampling strategy, the company noted.

It gave further details about some of the newly identified areas, with both the T2-West and T2-East areas said to have shown consistently high copper values - each with more than a 1.5 kilometre strike zone.

The plan is to follow up in these areas with drilling as soon as a rig becomes available. Meanwhile investigations are ongoing for T9 and T10 which have been described as having “extensive copper soil anomalies coinciding with major regional structures”.

Paul Johnson, Metal Tiger chief executive, said: “The potential of our Botswana JV Licences for holding as yet undiscovered copper deposits has increased further with the delineation of these soil geochemistry anomalies.

“The focussed strategy of identifying potential new deposits, by targeting regional scale structures identified from regional geophysics, with relatively low cost, soil sampling grids and RC drilling is paying off.

“The strategy worked to delineate the current T3 Resource Project and reportedly led to the discovery of MOD’S Mahumo deposit.

“It is especially interesting to note that the T2 copper in soil anomalies outlined below are over three times higher than the 28ppm Cu anomalies that led to the discovery of T3.”

Metal Tiger has a 30% stake in the venture, alongside partner MOD Resources (ASX:MOD).

Jamie Ashcroft

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banjomick - 13 Jul 2016 15:12 - 88 of 474

No sign of slowdown as Metal Tiger broadens network
11:06 13 Jul 2016

Kolar Gold is the latest to join a growing stable of junior mining investments

757z468_Glencore2.jpg

If mining company investor Metal Tiger plc (LON:MTR) has its timing right, in a few years time it will sitting out a raft of highly valuable global mining assets.

Among the juniors it has backed are Ariana Resources (LON:AAU), Eurasia Mining (LON:EUA), Kibo Mining (LON:KIBO) and ECR Minerals (LON:ECR).

India-focused Kolar Gold (LON:KGLD) has now just been added to that list.

Metal Tiger PLC (LON:MTR) is to take a 9.4% stake through an investment of £200,000 cash at 1.1p per share with a matching number of warrants exercisable at double that price.

Cameron Parry, Metal Tiger’s former chief executive, will become the chief executive of Kolar Gold. Luke Cairns will join as Kolar’s other executive director.

Through a stake in local company GMSI, Kolar has interests in a portfolio of gold permits and rights across India and also wants to revive the historic BGML mine that closed in 2001.

Progress has been stalled by the bureaucratic process in India but Paul Johnson, Metal Tiger's chief executive, is upbeat.

The new team will launch an operational review of the business as their first task.

“We are hugely excited by the opportunity afforded by our investment and Cameron’s involvement in Kolar Gold and we look forward to updating investors further on transaction completion.”

The investment was at a modest valuation that reflected recent resource sector apathy in the markets, he added.

And that has been the sentiment behind most of the recent activity.

Great start

Timing so far has also been nigh on faultless, starting from an exceptional start with one of its first investments, thermal power station developer Kibo Mining.

Johnson described the process to Proactive.

“We spent some time sorting out the business into the third quarter of 2014, but then we invested £150,000 in Kibo Mining at 1.5p.”

Within days it was trading up to an intra-day price of 12p. The team at Metal Tiger live and breathe the markets, and they weren’t going to miss an opportunity like that, even if there had been a strong element of luck in the timing.

So, in early January, only a couple of months later, Metal Tiger cashed out of its initial Kibo shares, crystallising what it called a “significant return” much of which was rolled back into Kibo via early conversion of 10mln 3p warrants that were attached to the original placing.

As with all the company’s major equity investments it retains a material stake in Kibo.

“The Kibo transaction gave us some working capital, and we wanted to reinvest it quickly and efficiently. We rolled some of the money into an investment in Eurasia Mining,” continued Johnson.

Profits re-invested

That generated another short-term profit to the tune of £180,000, most of which was then ploughed back into Eurasia through early warrant conversion, after production mining approvals were granted to Eurasia for its West Kytlim platinum mine in Russia.

Metal Tiger has also invested £250,000 in Ariana Resources, which is now breaking ground on the construction of a Turkish gold mine at the Kiziltepe project.

As they used to say on daytime top 40 radio, “and the hits just keep on coming”.

Moving into 2016, the company made a strategic investment into Australian Stock Exchange listed MOD Resources (ASX:MOD), its joint venture partner in Botswana.

It invested A$350,000 into the company, acquiring a 4.92% stake, at A$0.006 a share; at the time of writing the shares trade at A$0.0240, four times the price at which Metal Tiger bought in.

In February, it checked out of ECR Minerals, selling shares for £180,000 and banking a profit of £80,000, though it retains 500mln warrants that it can exercise at any time up until November 2018 at a price of 0.04p.

In the same month it acquired a 28.25% stake in ISDX-listed ZimNRG, paying £50,000 to grab 19mln shares.

Network starts to broaden

This was cited as the first step in the broadening of the network of interests in other publicly listed companies through transactions that gave Metal Tiger a significant proportionate holding.

Other irons in the fire include an option on a high grade silver-lead zinc mine a couple of hundred miles north west of Bangkok, where it has until August to thrash out an agreement.

Johnson said the company would also consider opportunities in other related sectors if the board considers there is an opportunity to generate an attractive return for shareholders.

This would include natural resource technologies and fintech opportunities offering leverage to resource identification, processing, recording, storage and trading businesses.

So, trying to guess where Metal Tiger will invest next has become a whole lot harder; far simpler to just invest in Metal Tiger and buckle up for the ride.

Philip Whiterow

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