LONDON, December 15, 2021--(BUSINESS WIRE)--
("Metal Tiger" or the "Company")
Sandfire – Update on Maiden Mineral Resource Estimate
Metal Tiger plc (AIM: MTR, ASX: MTR), the AIM and ASX listed investor in natural resources opportunities, is pleased to note the announcement made by Sandfire Resources Limited ("Sandfire") in regard to the Maiden Mineral Resource estimate completed for the Old Highway gold deposit, located approximately 20km West South West of Sandfire’s DeGrussa Copper-Gold Mine in Western Australia, as announced on 15 December 2021.
The Indicated Mineral Resource comprises 2.8 million tonnes grading 2.4g/t gold fr 223,000 ounces of contained gold.
Metal Tiger is interested in 7,997,057 Sandfire shares, representing approximately 1.95% of Sandfire’s issued share capital. As previously announced, 2,842,667 of the Sandfire shares held by the Company are subject to an equity derivative financing arrangement with a global investment bank.
A link to Sandfire’s full release is set out below:
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02466761-6A1068665?access_token=83ff96335c2d45a094df02a206a39ff4
For further information on the Company, visit www.metaltigerplc.com:
Strand Hanson Limited (Nominated Adviser)
Metal Tiger PLC is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") and the ASX Market of the Australian Securities Exchange Market ("ASX") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company's target is to deliver a high return for shareholders by investing in significantly undervalued and/or high potential opportunities in the mineral exploration and development sector. Metal Tiger has two investment divisions: Equity Investments and Project Investments.
Equity Investments invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its interest in Sandfire Resources Limited (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment for the Project Investments division.
Project Investments is focused on the development of its key project interests in Botswana, where Metal Tiger has a growing interest in the large and highly prospective Kalahari copper/silver belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211215005455/en/
What happened Shares of Novavax (NASDAQ: NVAX) were sinking 9.6% as of 11:47 a.m. ET on Monday. The company didn't announce any new developments. So what's behind the big decline? Other vaccine stocks aren't falling nearly as much.
After revealing a new sedan last week, rumors are swirling around the EV maker's next big announcement.
Semiconductor giant Advanced Micro Devices (NASDAQ: AMD) stock is up a solid 5.7% as of 2:05 p.m. ET Monday -- the first trading day after the Christmas break. All year long, companies that build things that need semiconductors to run them -- which, at this point in history, means everything from PCs to cellphones to cars to kids' toys -- have struggled to get enough semiconductors to manufacture all the products that their customers want to buy. On the one hand, constrained chip supplies mean semiconductor makers can charge more money for their chips -- but only if they have enough manufacturing capacity to make those chips in the first place.
The Santa Claus rally is off to the best start in over 20 years and historically that bodes well for the entire seasonal period, Dow Jones data show.
Apple (NASDAQ: AAPL) shareholders beat the market on Monday as the stock rose 2% by 3:30 p.m. ET compared with a 1% rise in the S&P 500. Apple stock participated in a rally for tech giants that included well-known growth names like Meta Platforms, Nvidia, and Tesla, which all beat the market on Monday. The tech-heavy Nasdaq index was up 1.2% by late Monday compared with a 1.1% boost in the S&P 500.
S3 Partners Managing Director Ihor Dusaniwsky joins Yahoo Finance Live to review the 2021 performances of notable meme and short seller stocks.
Innovation stocks have entered “deep value territory,” Wood says.
On Dec. 16, high-end electric pickup and SUV maker Rivian Automotive (NASDAQ: RIVN) reported its first-ever quarterly results since going public through its recent IPO. The company delivered 11 electric vehicles (EVs) in total during the third quarter of 2021, bringing in approximately $1 million in revenue. Meanwhile, its market capitalization (market cap) was a princely $100 billion at the time of the quarterly release.
Shares of Peloton Interactive (NASDAQ: PTON) are falling 3.4% in early-morning trading Monday, continuing the decline it was on during the holiday-shortened week last week. Analysts at UBS (NYSE: UBS) slashed their price target for the connected fitness equipment maker because they believe its subscription numbers will be softer than the already weak figures Wall Street had built a consensus around. Peloton's fiscal first-quarter earnings report in November showed a rapid, unexpected deterioration in its revenue growth rate, with sales rising just 6% from the year-ago period.
Nvidia GPUs power self-driving cars and cloud gaming, with the chip giant also expanding fast into the metaverse. Is Nvidia stock a buy?
If you have $100 at the ready not needed for bills or emergencies and a brokerage that allows fractional share purchases, you have enough to buy into the following pair of no-brainer stocks right now. Palantir Technologies (NYSE: PLTR) is the Liam Neeson of data analytics stocks: It has a very particular set of skills that were acquired over a very long career. The U.S. military is also a prime customer, using Palantir's technology to coordinate millions of troops around the world.
Shares of Meta Platforms (NASDAQ: FB), the recently renamed Facebook, jumped on Monday. The stock's gain is likely being driven both by a pretty bullish day for the overall stock market on Monday and reports that Meta Platforms' Oculus virtual reality (VR) headset may have been a blockbuster hit this holiday season. The popularity of the Meta Platforms app for the Oculus VR goggles suggests that the headset could have been one of this holiday season's most popular gifts.
PayPal Holdings (NASDAQ: PYPL) is arguably the original fintech company, formed even before fintech became a word. It started back in 1998 as an organization called Confinity, but took on the moniker and premise we know as PayPal in 1999 when it allowed people to make and accept payments via email. Plenty of alternative payment platforms operate in this space now, like Square and Adyen, while more traditional players like Mastercard are inching their way into PayPal's digital-payments turf.
Abbott Laboratories (NYSE: ABT) shares have gained around 26% in 2021. Despite the big payout bumps, Abbott only needed around 33% of the free cash flow its operations generated over the past year to make dividend payments. Despite pandemic pressure, medical-device segment sales during the first nine months of 2021 rose 24.5% year over year to $10.6 billion.
The conditions aren't in place for a sharp stock market correction, says JPMorgan.
The dividends for such stocks are pretty much their only attraction. On the other hand, you can find dividend stocks that are anything but boring and stodgy. Here are three dividend stocks that soared more than 50% in 2021 and are still great buys.
After being range-bound for months and failing in one try at a breakout, Ford stock is again trying to rotate higher. Can it succeed this time?
DraftKings is one of the top IPO stocks to watch, as gambling legalization gains steam. Here is what the fundamentals and technical analysis say about buying DKNG stock now.
These last few weeks of 2021 have seen increased market volatility. Along with Omicron fears, the market fluctuations have come just as Wall Street is digesting the fact of a new Fed policy in the New Year, including the tightening up of monetary policy and at least one, probably more, interest rate hikes. The Fed’s easy money has been supportive for the better part of the past decade or more, and investors are rightly wondering how the market will adapt. Looking ahead, Wedbush’s Daniel Ives is
China's BYD will look to top the 100,000 vehicles mark, after setting a sixth monthly EV sales record. Nio stock rose.