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Sandfire offer for MOD Resources a 'transformational deal' for Metal Tiger

Michael McNeilly, chief executive of Metal Tiger Plc (LON:MTR), discusses the opportunity for MTR following the news last week around the recommended offer from Sandfire Resources Ltd (ASX:SFR) for MOD Resources (ASX:MOD)(LON:MOD).

MTR holds a substantial stake in MOD, having converted its stake in a joint venture directly into shares.

Metal Tiger’s interests in MOD and assets related to the joint venture that are set to be realised by the Sandfire offer have a combined total value of £23.2mln.

Quick facts: Metal Tiger Plc

Price: 1.2 GBX

AIM:MTR
Market: AIM
Market Cap: £18.71 m
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Full interview: Metal Tiger CEO: Sandfire acquisition of MOD Resources...

Metal Tiger Plc's (LON:MTR) Michael McNeilly tells Proactive London's Andrew Scott they're set to become the new owner of just under 6.3mln new shares in Sandfire Resources (ASX:SFR) after a scheme of arrangement was approved by the Supreme Court of Western Australia. Sandfire is acquiring...

on 10/10/19

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