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.” 

View full MTR profile View Profile

Metal Tiger Timeline

Related Articles

1505939625_cobalt-on-periodic-table-2.jpg
Wed
Cruz is cashed up and exploring across a range of properties in the US and Canada..
PureCircle---Field-of-crops.png
July 12 2017
Harvest Minerals is now completing tests on KPfértil and should secure full certification by the end of the year
Danakali-Paul-Donaldson-MD-presenting-Melb-Feb-2017.jpg
February 24 2017
Paul Donaldson discussed with investors the Tier 1 Colluli Potash Project.

© Proactive Investors 2017

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.

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