Metal Tiger Ord 0.01p

MTR: 2.84 -0.18 (▼5.93%)

Delayed:2017-03-27 14:25:48
Bid Price 2.70 High Price 3.00
Ask Price 2.85 Low Price 2.72
Open Price 2.93 Spread 5.41%
Prev Close 2.95 Volume 5,622,089.00

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) is a natural resources focused investing company and two investment divisions, Direct Equities and Direct Projects. The Direct Equities division invests in undervalued natural resource companies listed on London's AIM, the ASX and the TSX. Through trading of equities and warrants Metal Tiger generates cash for investment in our Direct Projects division. At present Metal Tiger has projects interests in Spanish Gold & Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and Uranium. The Direct Projects investment division also has working collaborations to identify new investment opportunities in Russia (platinum focus) and Turkey (gold focus), in association with experienced in-country partners. Security Type Equity

Key numbers

Latest Share Price (p) 2.78 Net Gearing (%) -16.13
Market Cap (£m) 23.08 Gross Gearing (%) 5.75
Shares in issue (m) 782.33 Debt Ratio 0.00
P/E Ratio -14.75 Debt-to-Equity Ratio 0.00
Divs per share (p) 0.00 Assets / Equity Ratio 1.06
Dividend Yield (%) 0.00 Price to book value 15.08
Dividend Cover 0.00 SROCE (%) -39.22
Earning per share (p) -0.20 EPS Growth (%) -300.00
52-week high / low (p) 6.48 / 1.33 DPS Growth (%)

Metal Tiger Ord 0.01p Broker Views

Date Broker Rec. Price Old target price New target price Notes
17 Mar VSA Capital Buy 2.84 5.68 5.68 Reiterates
07 Mar VSA Capital Buy 2.84 5.68 5.68 Reiterates
06 Mar VSA Capital Buy 2.84 5.68 5.68 Reiterates
09 Feb VSA Capital Buy 2.84 5.68 5.68 Reiterates
03 Feb VSA Capital Buy 2.84 5.68 5.68 Reiterates

Metal Tiger Ord 0.01p Director Deals

Metal Tiger Ord 0.01p Company News

MOD raises $14.6m in share placement

Metal Tiger says it has noted the announcement made by MOD Resources, a Company in which it holds a 4.975% share interest and 1.5m warrants, which confirmed:

- $14.6m raised in share placement to institutions, professional and sophisticated investors (before costs)

- Placement was heavily oversubscribed

- A range of quality institutional investors join MOD's share register

Michael McNeilly, Chief Executive Officer said, "We're very pleased by the news today from MOD. This financing further validates the exceptional quality of the Botswana project and we are delighted that this raise will further accelerate the joint venture work program on the ground. We look forward to continuing our work with MOD on further exploration of the T3 copper project."

At 1:48pm: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was +0.2p at 2.65p

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Metal Tigher confirms new Kalahari copper zone

Metal Tiger said results from the on-going T3 infill and extension drilling programme at the Kalahari Copper Belt in Botswana had confirmed a substantial new copper zone below the current T3 Resource.

This confirmation was part of an update regarding the company's JV project with partner MOD Resources in the Kalahari Copper Belt (70% MOD Resources / 30% Metal Tiger).


- Substantial New Copper Zone below the T3 Resource confirmed by drill hole MO-G-65D assay results.

- 72.6m @ 1.5% Cu & 27g/t Ag from 250m down hole depth intersected in MO-G-65D, including high grade zone 18m @ 2.7% Cu & 52g/t Ag from 280m.

- New mineralisation extends the Project potential to over 100m below the current T3 Resource sequence. Mineralisation in MO-G-65D potentially still open at depth.

- Hole MO-G-66D intersected separate zone of disseminated Cu, approximately 250m below the T3 Resource.

- Currently 4 diamond core drill rigs in operation, testing strike extent and geometry of new copper zones.

At 9:43am: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was +0.35p at 2.65p

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Metal Tiger and Kibo agree to part ways on JV

Metal Tiger has confirmed that it has reached an agreement with Kibo Mining, the Company's Joint Venture partner in Tanzania to cease JV activities at the Pinewood and Morogoro Joint Ventures with immediate effect and relinquish the licences back to the local authorities.

Michael McNeilly, CEO of Metal Tiger commented: "Both Kibo Mining and Metal Tiger commenced the Joint Ventures as smaller companies with earlier stage interests. Both companies have been fortunate and achieved considerable success in certain projects and it has been necessary to focus time and resources on the areas of our business where the most rapidly advancing progress was possible.

Given the need for continuing focus for commercial reasons, and reflecting the impact our commercial success would have on the local economies in which we work, it is essential for us to ensure we focus our efforts in the most important areas.

We wish our friends at Kibo Mining great success with their work and are grateful for the opportunity that the investment in Kibo Mining in late 2014 and early 2015 and the Joint Ventures themselves, provided for the Metal Tiger business and its shareholders."

Kibo Mining's CEO. Louis Coetzee commented: "In late 2014 and early 2015 the £450,000 invested by Metal Tiger made a material difference to the financing of Kibo Mining at the time, and we were and are grateful for that support.

The Joint Ventures at Pinewood and Morogoro have not progressed as planned as explained above and although unfortunate, this reflects the need to focus investment correctly in smaller companies with multiple projects. Our decision is however in perfect alignment with our stated strategy to reduce the Company's exposure to early stage exploration projects."

At 1:01pm: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was -0.08p at 2.2p

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Metal Tiger warrants exercised

Metal Tiger has announced that it has received completed signed warrant conversion notices and cash for the following amount:

Number of warrants exercised: 1,666,665

Price: 2p

Value: £33,333.30

New ord. shares to be issued: 1,666,665

At 1:27pm: (LON:MTR) Metal Tiger Plc Ord 0.01p share price was -0.1p at 2.13p

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FTSE 100 down an ace on lenders, miners

London blue chips were down an ace in opening deals, but already rising off earlier lows, after key US and Asian indices slipped overnight.

The UK market remains jittery about inflation, its overall economic well-being and the ever-nearer spectre of Brexit and its impact.

Soon after the open, FTSE 100 was down 2.47 points, or 0.03%, to 7275.45, while FTSE 250 was up 44.83, or 0.24%, to 18,750.6. Both ladders closed lower on Thursday.

Blue-chip fallers were guided down by lenders Standard Chartered (STAN), off 2% to 792.05p, and Barclays (BARC), off 1.28% to 234.95p, with more of their sector pals following.

Resources stocks were also lower, with oilies falling after Shell (RDSA), down 1.05% to 2100.75p and BP (BP.), down 0.51% to 446.13p. At 8.36am, WTI crude was up 0.24% to $53.49/bbl and Brent was up 0.31% to $55.82/bbl.

Miners eased after Anglo American (AAL), lower 1.17% to 1353.5p, and Rio Tinto (RIO), off 1.12% to 3606.25p. Gold fell 0.27% to $1238.3/oz, with silver and copper retreating similarly. Sterling was up a wafer against the dollar, which was firmer overall.

Overall, blue-chip risers and fallers were roughly evenly split. Coca-Cola HBC (CCH) fizzed up 1.67% to 1944p. Also up were multiple residential and commercial property stocks, along with pharmas.

AstraZeneca (AZN), up 1.66% to 4599.5p, has announced positive results from its phase III OLYMPIAD trial comparing Lynparza (olaparib) tablets (300mg twice daily) to physician's choice of a standard of care chemotherapy in the treatment of patients with HER2-negative metastatic breast cancer harbouring germline BRCA1 or BRCA2 mutations.


Industrial Multi Property Trust (IMPT) was up 25.41% to 307.25p after Hansteen Holdings (HSTN), up 0.73% to 117.85p, made a recommended cash offer for the company at 300p a share and valuing its issued capital at £25.2m.

Metal Tiger (MTR), down 16.22% to 2.33p, has reported the discovery of a new zone of mineralisation located directly beneath the high-grade copper and silver T3 Resource in the Kalahari Copper Belt, Botswana.

ASA Resource Group (ASA) fell 15.38% to 1.65p as it reported continuous progress on reducing corporate costs in Q3, but said from an operational perspective the three-month period had been mixed. It hoped to get "back on track" in forthcoming quarters.


Tern (TERN) rose 13.16% to 10.75p as it swung to a FY pretax profit of £5.3m, from a year-earlier loss of £185,121. It enjoyed a £5.8m rise in the fair value of investments, from £63,492 previously.

Driver (DRV), down 10.64% to 42p, has posted an underlying pretax loss of £0.4m, from a profit of £1.1m, and a reported pretax loss of £5.3m, from £1.9m. It announced a proposed fundraising of up to £8m via the conditional placing of up to 22.9m shares at a minimum of 35p each.

Segro (SGRO), up 3.06% to 497.8p, said its FY pretax profit has slipped to £426.4m, from £686.5m, in what it billed as a strong set of results. EPRA net-asset value per share was up 8% to 500p, with total dividend rising to 16.4p a share, from 15.6p.

Morgan Advanced Materials (MGAM), down 0.1% to 297.3p, has agreed to sell its global Rotary Transfer Systems business to Moog Holding GmbH & Co. KG, whose ultimate parent company is Moog Inc. The sale values the business at €40m on a cash- and debt-free basis.

Essentra (ESNT), down 2.98% to 408.95p, has posted FY total adjusted operating profits of £132m, down 23% at actual exchange rates. The fall in revenue, profit and EPS was driven by deterioration in Health & Personal Care Packaging and short-term issues in Filter Products. A review was underway.

Kingspan (KGP), down 1.24% to 29.5p, has reported another record year with double-digit increases in revenues and trading profits, the latter up 33% to €340.9m. Total dividend was up 34% to 33.5 cents a share.

Millennium & Copthorne (MLC), down 0.34% to 427.05p, has noted intense pressure on revenue and profit in all its key gateway cities, particularly New York and Singapore, as it posted a marginally lower FY pretax profit of £108m, from £109m.

Other stocks in the news included Unite (UTG), Coats (COA), Holders Technology (HDT), Keywords Studios (KWS), JSC KazMunaiGas Exploration Production (KMG) and Bowleven (BLVN).

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