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.
After issuing 22 RNS announcements this month alone and 63 since February 11 2016 the pump phase is over, next comes the dump at Metal Tiger (MTR)
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Comments
Duck and Dive
Spellchecker needed for:
“abnd”
“merial”
“premia”
“secoindary”
Redbaron
You’ve convinced me so I’ve sold ( Pocketing a nice profit)
I’m not convinced that this is a typical pump & dump situation as the company obviously has considerable potential ( As does 88E)
BRITTA
Andy and SI Capital are doing a placing for MTR’s strategic partner GGP (as opposed to MTR itself)
Think your source might have mis-heard
Here’s the RNS just released, announcing the GGP RNS
http://www.investegate.co.uk/greatland-gold-plc—ggp-/rns/financing-update/201604221415021029W/
wildrides
Cant imagine why this piece of shite is 4.5 p . Mega success in the future is already priced in .
Pin man
Find your comments strange when Mtr have loads in the bank and have just invested in MOD with cash. Why would they need to raise cash from placement. Also bod have stated no placements are required.
TW note: see bearcast on why BOD would be mad NOT to raise cashRiz
We’ve heard from Mtr and Andy and they’ve categorically stated there isn’t an Mtr placing, any chance your source is trying to spook investors. You seem convinced that there is placing but Tom as a journalist you should have verified whether it was true.
Also you say at a discount, but Mtr have not done a discounted placing for over 2 years. So I think that’s very irresponsible to say that. They have £3m working capital, PJ has said they will place at some point but on reasonable terms, it’s part of there model to protect pi’s from discounted placings – PJ is a PI at heart.
There are a few trying to hurt the Mtr share price. Look at the Mtr Botswana asset, that has ‘potential’ to be the worlds largest copper asset so valuation is upto investors.
I mean look at doc the hypocrite, pumping up rrr (speculating a deal with Mtr) because Mtr don’t do discounted placings
https://twitter.com/dds_docholiday/status/723445834721808384
And then says Mtr for itself will do a 50% discounted placing for itself
https://twitter.com/dds_docholiday/status/723459506647261184
Disgraceful behaviour and a very clear agenda, him and his cronies working in partnership and I bet his tryingdrop you hints.
I hope Tom you tell him that his out of order, pumping Adl and Afpo and then scaring people about Mtr which actually has decent assets.
I also hope that if this rumour was not true then you apologise (unlikely but I hope), and look into Mtr a bit deeper. It’s fresh and has potential.
Enjoy your show this weekend
Take care
Riz
Tom Winnifrith
Riz
This weekend is the show of the offshore tax doidgers and rampers. The show I run with proper long trerm star investoirs is next weekend.
As a proper journalist i did put it to broker who put it to company. They did not deny or comment. They could have killed thus.
If they now on the record deny I shall run that, natch
T
PS Given the vast premium to NAV, MTR SHOULD place , Id support it placing
Riz
Thanks Tom, I appreciate your response, unfortunately I’m from the northern xxx safari as you say so hard for me to make it. Did you say it could be your penultimate in which case I will come to the next one, hopefully you’ll go with a blast.
Hopefully the broker/mtr will get in touch. I suppose it’s a difficult position for the broker. You should have called PJ on his mobile.
Riz
Hi Tom must admit you were that that were was no placing but it was not at considerable discount. As my link above shows doc said 50% discount to 4.5p so a £1m at 4.5p is great news don’t you think?
You were right about the placing.
TW Note: Riz I linked to article. In that I stated facts ( placing/Thacker) and opinion ( would be at discount). Clearly latter was wrong but on facts BBMs said I was wrong/guilty of MA. Clearly I was notRiz
Yeah I personally didn’t accuse you of that so no comment on bb posters. I can understand why Mtr did not confirm or deny placing rumour. My comment earlier did say Mtr will place but they do not place at a discount so I think we’re all good ;) the live presentation on the brr media website in February PJ clearly says they will absolutely definitely do a placing. I posted the link on Twitter as he’s not hiding this.
I would however say that doc is committing market abuse as he is colluding with others who are openly shorting the stock and making outrageous claims.
Mtr has no links to rrr and we all know doc is drowning in it and is heavily down so he’s making up rumours. To me this is market abuse and he should be called out.
Apologies for all the errors using my phone on the move