Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Metal Tiger banks handy profit on ECR stake

It has kept hold of the warrants, which are exercisable at 0.04p.
Metal Tiger banks handy profit on ECR stake
Metal Tiger made an £80,000 turn in three months

Metal Tiger (LON:MTR) has banked a handy profit on its investment in gold explorer ECR Minerals (LON:ECR).

The mining compnay investor bought into ECR in November when it acquired 500mln shares at a price of 0.02p (£100,000), a deal that came with an equal number of warrants.

Since then, shares in gold miners and explorers generally have rallied strongly with the recovery in the spot price and Metal Tiger has now sold the shares at 0.036p, raising throwing up a gross profit of £80,000.

It has kept hold of the warrants, which are exercisable at 0.04p.

Paul Johnson, Metal Tiger’s chief executive said:  "We are pleased to have achieved this disposal, at a material profit and over a short period of time. 

“We retain the warrants and therefore an exposure to any further share price increase above 0.04p achieved by ECR Minerals going forward.” 

PhilW.jpg
Why Invest In Metal Tiger? Read More Here

Register here to be notified of future MTR Company articles
View full MTR profile

Metal Tiger Timeline

Related Articles

picture of copper wire
August 04 2016
Savannah shares have more than doubled this year as momentum has built
757z468_royal_road_columbia_project.png
October 26 2015
Tim Coughlin describes it as a "necessary and logical" step
picture of man smelting
July 13 2016
Kolar Gold is the latest to join a growing stable of junior mining investments

© Proactive Investors 2016

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.