Metal Tiger PLC (AIM:MTR, OTC:MRTTF, ASX:MTR)' Michael McNeilly, the chief executive officer of Metal Tiger joins Katie to talk about the reason behind selling its interest in Kalahari Metals Limited (KML) to Cobre Limited.
He explains why its an opportune moment to sell the asset, what it means for Metal Tiger and also for Cobre.
Cobre will acquire 24.5% of the shares in KML from Metal Tiger for a cash consideration of £750,000 – expected to be paid in September – which Metal Tiger will use for general working capital purposes.