Today’s guest on the MiningMaven podcast is Michael McNeilly, Chief Executive Officer of Metal Tiger PLC (LSE:MTR).
Published in: Podcasts, on
This week the company released an announcement regarding a takeover offer for MOD Resources (LSE:MOD) by Sandfire which should be worth around £23m to Metal Tiger.
Michael runs through the transaction in depth, highlighting its worth to the company; not only in immediate value but also the potential the 2pc net smelter royalty offers longer-term.
Michael also explains the rationale behind electing to receive Sandfire shares in lieu of cash consideration for Metal Tiger’s stake in MOD, and the firm’s future plans.
All opinions expressed are those of MiningMaven and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. From time to time MiningMaven principals may take equity positions in companies featured. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate. MiningMaven.com is a trading division of Catalyst Information Services Limited. Registered in England no. 06537074 (Registered Office Address 3rd Floor Ivy Mill, Crown Street, Manchester, M35 9BG)
Author: Stuart Langelaan
The Author does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.
The Author has not been paid to produce this piece by the company or companies mentioned above.
Catalyst Information Systems Ltd, the owner of MiningMaven.com, does not own a position in the stock(s) and/or financial instrument(s) mentioned in the piece.
Catalyst Information Systems Ltd, the owner of MiningMaven.com, has not been paid for the production of this piece by the company or companies mentioned above.
MiningMaven.com and Catalyst Information Systems Ltd are not responsible for its content or accuracy. News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.
All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned