Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On Tuesday Metal Tiger (MTR) issued 36.25million new shares at 0.8p to raise £290,000. According to the company this placement was in response to an unsolicited approach by a group of investors. Metal Tiger has a growing number of fans and it seems there are plenty of people in the market who want to get behind this business in anticipation of a recovery in the mining sector.
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