Sign up USA
Proactive Investors - Run By Investors For Investors

Metal Tiger swims against the tide into the black

To have achieved a trading profit in the natural resources sector this year is little short of remarkable
Metal Tiger swims against the tide into the black
"Metal Tiger has, once again, delivered a strong performance for shareholders across all investing activities."

Investment company Metal Tiger (LON:MTR) moved into the black after booking trading gains in the first half of the year of £534,300.

Given the company’s preferred area of investment is the natural resources sector, the performance is little short of astounding considering the travails experienced by companies in this sector.

Profit before tax was £98,800, versus a loss of £100,000 the year before.

“Notwithstanding sector conditions, the company has still delivered substantial trading gains and has advanced the Direct Projects division with new JV [joint venture] agreements, new opportunities in process pending finalisation, and considerable progress on the ground,” said company chairman, Terry Grammer.

“We look forward to the remainder of 2015 and beyond. To the investors with the guts, determination and strength of will to invest in natural resource opportunities right now - we salute you,” he added.

At the end of the reporting period the company’s cash pile stood at £538,700, up from £185,400 at the end of 2014. Investments held for trading amounted to £949,800, up from £885,000 six months earlier.

Net assets at the end of June had risen to £1.24mln from £995,700 at the end of 2014, while overall net assets had risen to £1.56mln from £1.03mln.

Shares in Metal Tiger eased a quarter of a penny to 9.25p in the morning trading session.

View full MTR profile View Profile

Metal Tiger Timeline

Newswire
October 01 2018

Related Articles

1510744989_Tin-ingots.jpg
July 13 2018
AfriTin listed on AIM with plans to position itself as the African tin champion
1539311825_azm-ghana-map-jpg-757.jpg
Thu
The company is working with Ibaera Capital to develop its project and bring it into production.
1532518239_Vanadium-electrolyte-batteries.jpg
September 13 2018
The vanadium price is riding high, and so is Bushveld Minerals

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You understand that the Company receives either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate.

You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use