Metal Tiger Ord 0.01p

MTR: 2.10 0.00 (0.00%)

Delayed:2018-02-21 17:07:49
Bid Price 2.00 High Price 0.00
Ask Price 2.20 Low Price 0.00
Open Price 0.00 Spread 9.52%
Prev Close 2.10 Volume 0.00

Metal Tiger Ord 0.01p Share Price Chart


Historic - 1 year

Metal Tiger Ord 0.01p Share Price Information

Name Metal Tiger Ord 0.01p Epic MTR
Sector Financial Services ISIN GB0030493232
Activites Metal Tiger plc (formerly Brady Exploration plc, formerly Capcon Holdings plc) invests in high potential mineral projects with a precious and strategic metals focus. The Company's 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 Company's key strategic objective is to ensure the distribution to shareholders of major returns achieved from disposals. Metal Tiger's 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, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as licences, applications and critical historical data covering antimony, copper, gold, silver, lead and zinc opportunities. Security Type Equity

Key numbers

Latest Share Price (p) 0.00 Net Gearing (%) -9.55
Market Cap (£m) 22.45 Gross Gearing (%) 7.66
Shares in issue (m) 1,095.33 Debt Ratio 1.73
P/E Ratio -17.08 Debt-to-Equity Ratio 0.21
Divs per share (p) 0.00 Assets / Equity Ratio 1.08
Dividend Yield (%) 0.00 Price to book value 3.01
Dividend Cover 0.00 SROCE (%) -9.49
Earning per share (p) -0.12 EPS Growth (%) 40.00
52-week high / low (p) 3.45 / 1.65 DPS Growth (%)

Metal Tiger Ord 0.01p Broker Views

Date Broker Rec. Price Old target price New target price Notes
21 Jul VSA Capital Buy 2.10 4.57 4.57 Reiterates
17 Jul VSA Capital Buy 2.10 4.57 Reiterates
30 Jun VSA Capital Under Review 2.10 Under Review
27 Jun VSA Capital Under Review 2.10 Under Review
13 Jun VSA Capital Buy 2.10 4.00 4.00 Reiterates

Metal Tiger Ord 0.01p Director Deals

Date Director Type Volume / Price Trade Value
15 Jan 2018 Charles Hall Exercise 2000000 @ 0.02p £400.00
11 Jan 2018 Charles Hall Buy 1000000 @ 2.44p £24,400.00
11 Oct 2017 Terry Grammer Transfer In 30000000 @ 1.60p £480,000.00

Metal Tiger Ord 0.01p Company News

Metal Tiger suspends planned Thai mine IPO

Metal Tiger said it had postponed an IPO of its Thai joint venture containing two lead-zinc-silver mines, Song Toh and Boh Yai, until further notice.

Following talks with local politicians, the company said the consideration of the project by regulators was expected to occur in March, though it could give no guarantees on the exact timing of consideration or approval.

'The company believes it prudent to postpone the timing of the proposed IPO until further clarity is gained,' Metal Tiger said.

Metal Tiger said it had undertaken an operational review and implemented a cost-cutting program to reduce ongoing monthly spending.

Furthermore, it halted all capital-intensive programs needed to bolster submissions for the permitting process, such as the commencement of a water monitoring program until further notice.

At 1:18pm: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was -0.23p at 1.98p

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Metal Tiger welcomes Botswana pre-feasibility study results

Metal Tiger said a pre-feasibility study at its copper joint venture in Botswana with MOD Resources indicated a new project could generate up to $1.1bn of Ebtida over 12 years.

The partners have agreed to commence with a feasibility study, commencing in the current quarter.

Metal Tiger holds a 30% interest in the venture.

At 9:03am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was -0.03p at 2.13p

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Metal Tiger bumps up interest in Thor Mining to 10.9%

Metal Tiger said it purchased more shares in Thor Mining for a total price of £186,875.

The purchase of the shares, for 3.25p each, brought Metal Tiger's holding in the company to 10.87%.

At 9:13am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was +0.1p at 2.3p

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Metal Tiger updates on Kalahari JV

Metal Tiger has provided an update on its joint venture (JV) project with MOD Resources in the Kalahari Copper Belt in Botswana.

The T3 Open Pit prefeasibility study, assuming a 2.5Mtpa base case and 4.0Mtpa upside case, is on track and due to be completed by end of January. The T3 Open Pit and T3 Underground resource drilling will continue through the first half of 2018.

A major regional exploration programme has commenced, focussed on targets outside T3 Project area, namely the T3 Dome, T20 Dome and T-Rex targets.

Michael McNeilly chief executive officer of Metal Tiger, said: "We are pleased to outline the key elements of our comprehensive strategy to test the copper potential of our tenement holdings outside of the immediate T3 Project area.

"Given the initial findings of the joint venture's regional soil and geophysics programmes, and the increased knowledge of the structural controls and mineralisation styles likely linked to the new copper and zinc anomalies, we feel that the continued investment through regional drill testing is likely to yield exciting returns.

"Benefiting from the updated knowledge of the distribution and style of copper deposits in this part of the Kalahari Copper Belt, we consider it a strong possibility, that one or more of the regional anomalies, within our extensive tenement package, will turn out to be an as-yet undiscovered T3 style sediment hosted copper deposit."

At 9:46am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was +0.08p at 2.33p

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Metal Tiger trims Kingsgate stake

Metal Tiger said it had sold part of its holding in Australian-based mining company Kingsgate Consolidated, generating gross proceeds of A$2.7m (£1.5m).

The share sale brought Metal Tiger's interest in the group down to 5.15%.

"Metal Tiger has taken the prudent decision to de-risk our Kingsgate investment by partially selling down and booking a profit," chief executive Michael McNeilly said.

"It does not, however, mean we are going away. We still retain more than 5% of Kingsgate and will be watching the board closely to see if they deliver on what they have promised."

In the meantime, Metal Tiger said it was turning the bulk of its attention to its copper-sliver joint venture with MOD in Botswana.

At 9:49am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was 0p at 2.3p

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