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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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