Metal Tiger (LON:MTR) is to split its businesses into two distinct subsidiaries to give better visibility to the projects it is developing.
Paul Johnson, chief executive, said; “We are aware that market has largely been focused on the equity trading activities undertaken by the company, whilst perhaps not fully appreciating the rapid growth and forward potential of our highly prospective projects division.”
He wants that to change, adding it has been increasingly focused on its major development projects in Botswana, Spain and Thailand.
As a result of the strategic review, these projects will now be part of the metal projects division alongside any other direct project investments it acquires.
He added that the minerals sector is now bottoming and now is the time for acquisitions and new strategic interests.
Shareholders will get any crystallised gains through share issues or cash returns..
Asset trading will be the other arm and house Metal Tiger’s equity, warrant and royalty trading interests.
Expressions of interest in financing investments at both the plc level and project level have come in from both high net worth investor funding sources and larger non-traditional institutions in the UK, Singapore and elsewhere, Johnson said.
But at present he said it has the working capital it needs.
“The Metal Tiger board believe that, through our existing interests and new opportunities, we have the potential to build a very large mineral resource business.,” he added.