Michael McNeilly likes both the team at THR and the diversity of the various commodities THR offers. Most important of all McNeilly likes "Tungsten". His comments below puts MTR stake building in THR in full perspective. Michael McNeilly, Chief Executive Officer of Metal Tiger plc commented: �Metal Tiger has decided to sell out of its entire KCN stake to materially increase the cash balance so that it can focus on its existing investments and assess new investment opportunities.� Looks like MTR decided to swap their KCN stake for THR most probably due to much higher upside potential ROI from both 'Tungsten' plays at MOLY and PILOT.M coupled with higher price forecasts for Tungsten going forward and further upside from Kapunda Copper deposit resource Update due shortly. Goldman Sachs analysts recently upped their forecast for Copper to US$8000/t.
Metal Tiger over 10%, page-8
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $3.625M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $25.93K | 1.751M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 210856 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 159477 | 1 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| THR (ASX) Chart |