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METAL TIGER PLC
30 September 2015
Metal Tiger plc
('Metal Tiger' or the 'Company')
2015 Interim Report
Unaudited interim results for the six months ended 30 June 2015
Metal Tiger plc ('Metal Tiger', 'MTR', or the 'Company'), the AIM listed, natural resources focused investment company, is pleased to announce its unaudited interim results for the six months ended 30 June 2015.
Key Highlights:
DIRECT PROJECTS
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Considerable progress made building Direct Projects Division with the half year to 30 June 2015 ('First Half') seeing project Joint Venture ('JV') agreements finalised for gold/tungsten in Spain and gold/uranium in Tanzania; complementing the existing Thailand gold/antim ony JV;
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First Half project exploration has identified two potentially substantial tungsten deposits in Spain and gold anomalies in Thailand;
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Active project work now underway at the Company's gold and uranium JVs with Kibo Mining plc (LON:KIBO);
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Extensive new resource project opportunity pipeline established.
DIRECT EQUITIES
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Significant First Half trading gains of £534,300 (6 months ended 30.6.14 £nil) achieved within Direct Equities Division providing substantial funding for the Company's activities, delivering on the management team's promise to minimise dilution through self-funding from trading gains where possible;
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Metal Tiger achieved a First Half profit after tax of £98,800 (compared to a loss of £100,000 for the same period in 2014) after re-investing a significant proportion of earnings in Direct Project activities.
WORKING CAPITAL AND OVERALL ASSETS
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At 30 June 2015 Cash at Bank amounted to £538,700 (Prior year end 31.12.14 £185,400) and, in addition, Investments Held for Trading amounted to £949,800 (Prior year end 31.12.14 £885,500);
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Net Current Assets at 30 June 2015 amounted to £1,241,000 (Prior year end 31.12.14 £995,700);
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Overall Net Assets at 30 June 2015 amounted to £1,560,800 (Prior year end 31.12.14 £1,030,900).
To read the full announcement please click here
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Kibo Mining Plc
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EXPLORATION STAGE |
CODE : KIBO.L |
ISIN : IE00B97C0C31 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kibo Mining Plc is a exploration company based in Ireland. Its main exploration properties are HANETI NICKEL, MOROGORO GOLD, LUHALA GOLD and ITETEMIA GOLD in Tanzania. Kibo Mining Plc is listed in United Kingdom. Its market capitalisation is GBX 14.9 millions as of today (US$ 17.4 millions, € 16.2 millions). Its stock quote reached its highest recent level on January 02, 2015 at GBX 9.85, and its lowest recent point on December 23, 2022 at GBX 0.00. Kibo Mining Plc has 412 901 424 shares outstanding. |