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Mr N much of what you say I cannot fault. It has been a frustrating period indeed. I imagine there will be a big update from Sandfire on A4 and other drill results in the coming weeks. The royalty value will then be readjusted and should increase the NAV. KML/ Cobre will be very interesting once the approvals go through. A huge amount of data interpretation will have been completed to allow identification of similar targets to A4. The Galileo / SFR transaction was interesting. It was a very good deal for both parties. SFR will not drill the licences but instead release them back to the government as part of the licence management process. Very shrewd management by SFR. It means they can keep most of their existing licences where they have done a great deal of work on!
One2one, come off it this warrant exercise related to the last share placement 2 years ago. There are hardly any AIM companies that do not issue shares to keep the lights on! This company now has an ISDA in place and over the next few years will benefit from payments from their royalty holdings. Very telling there has been no share placement since then.
Agreed Bazz but I think the consolidation was an ASX requirement.
I would prefer that than some of the games played on AIM. It brings the whole market into disrepute. Lend out your stock to a third party who has a cosy relationship with a broker/market maker and bingo a marriage made in oblivion!
As an addendum, when I approached the FCA on the ability of market makers to go +/- 10% using their balance sheet I was told it was to essential to provide liquidity!!!
CK, for once I am in complete agreement with you. I also think shorting of AIM stocks below a certain market cap should also be banned. In addition market makers should not be able to to go long or short +/- 10% and not declare their position.
From the future royalty income stream and dividend payouts and potential Cobre/KML discoveries.
CK the 2% royalty over the SFR licences ex T3 was a master stroke and has the potential to become very valuable as A4 is proved up and further satellite deposits are found around the Motheo copper hub in Botswana. The BOD did exactly the right thing with regard the MOD/SFR transaction.
Macgerry, MTR will have a compliance listing on the ASX and will for the time being retain the London listing as well. The company has not mentioned relinquishing it but it does remain a possibility.
Hi TF1, I will transfer my holding to the ASX.
CK I presume you have called for the same for HUR. I see you are now promoting that other dog Dish!
Hi TF1. From their website? I have tried the links and they worked.
Easyp, I am invested in MTR for the ultimate Royalty revenues on their substantial Botswana investment holdings. The quarterlies on SFR and CBE were pretty standard stuff. We are waiting for further news on A4 and the “son of A4”. Probably next month. There are other drilling targets as well. T3 will be up and running first. MTR is in the fortunate position not to have to finance itself through confetti share placements. It draws down on an ISDA arrangement with a major Investment Bank using Sandfire shares as collateral. Dividends received from Sandfire repay the loan.
Mr R, yes the ASX listing has been approved and MTR will be listing on the 5th February.
Good stuff. Let’s hope the A4 infill results deliver and add to the NSR calculations.
CK you continue to bash MTR. Do you have a holding? HUR has been an absolute nightmare over the last few weeks!
CK MOD made the mistake in having no liquidity on the London Market. MTR would be wise to have a capital raise some time towards the end of this year to give some liquidity. Then ditch the London listing. Too expensive to maintain.
A4 infill results, ASX listing to a new audience and an understanding of the embedded value of the NSR. This will give cash flow and a potential dividend.
Taking time off from ramping HUR CK? Not exactly a winner there at the moment. As for PJ leave him with POW. That is one company ramped to the rafters! Expect him to leave shortly so that he can cash in!
Theski thanks for that. The NSR will only increase as A4 is upgraded and other finds are added. The silver credits also need to be added to the calculation.