Today’s guest on the MiningMaven podcast is Michael McNeilly, Chief Executive Officer of Metal Tiger PLC (LSE:MTR).
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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.
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Author: Stuart Langelaan
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