Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Junior resources investment outfit Metal Tiger (MTR) is savouring encouraging drilling and assay results from its Logosan tungsten and gold joint venture in Extremadura, western Spain, as exploration starts across the globe in East Africa at the company’s Morogoro gold joint venture in Tanzania. AIM-quoted Metal Tiger, whose chairman is geologist and Aussie mining sector player Terry Grammer, says the work at Logosan, with 47 holes drilled and assays for 26 of them so far, indicates ‘significant tungsten mineralisation’ over a 410-metre strike length, citing one hole showing 0.32% W03 tungsten trioxide over eight metres and 0.49% W03 over two metres and another showing 0.63% W03 over two metres.
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Comments
wildrides
Just an investment company ………. a complete waste of space ……….. invest direct and cut out the middle man . Investment in NEW ! …….. you godda be kidding me! ……. that was gambling , pure and simple.
You want Tungsten ……. and you want Spain ……….. then you want WRES . Much father down the track to production . In the UK you want WOLF ……….. weeks away from production . Metal Tiger is a piece of shite stuck to a yo-yo.
Mark
Wild rides, your wrong about MTR, do a bit more research on them, this company’s is in a fantastic position, only way is up from here. Expect the AAU warrants to be converted this week, then the NEW settlement, KIBO, and our Tungsten JV which after more drilling could well hit some Gold. Check the Bod, chairman especially, then I think you might want to buy a few. The Chairman is our biggest asset right now. This guy don’t mess about, oh and a Geologist to boot, not the usual scurge. Robert, you mentioned “discount” in the placing and “Warrants” the placement was at a 10 day moving average, not really a discount and the warrants are exersisable at 100% above the placement price. Great deal, and shows confidence in the investor not the usual flipper brigade. Confident in MTR growing into a decent company.