Metal Tiger makes quiet ASX debut

AIM-listed Metal Tiger has made a quiet debut on the ASX, only notching up its first trades 24 hours after listing.
Metal Tiger makes quiet ASX debut Metal Tiger makes quiet ASX debut Metal Tiger makes quiet ASX debut Metal Tiger makes quiet ASX debut Metal Tiger makes quiet ASX debut

Staff reporter

The company first lodged an application to list on the ASX back in December.

The company formally listed yesterday, but its CHESS depositary interests didn't trade until today.

Metal Tiger traded today at A56c, with just 43,000 out of 9.1 million CDIs changing hands.

The ASX listing is a compliance listing and no capital was raised.

UK-based Metal Tiger is an investor in mining stocks, making 19 separate investments in 2020 and fully or partially exiting from 15.

The company has again been active in recent weeks.

Last week it paid C$1 million for a stake in Toronto-listed, Peru-focused copper explorer Camino Minerals Corporation.

Last month, Metal Tiger also agreed to participate in Artemis Resources' recent capital raising, subscribe for $500,000 worth of shares before the offer was pulled due to a resource downgrade.

Metal Tiger director and chief investment officer Mark Potter is chairman of Artemis.

The company holds 3.4% of Sandfire Resources and holds an uncapped net smelter royalty over about of Sandfire's landholding in Botswana's Kalahari Copper Belt and a US$2 million NSR over the proposed T3 Motheo mine.

Metal Tiger received £648,000 in dividends from Sandfire in 2020.

It also holds 16.6% of copper explorer Cobre and 50.01% of Kalahari Metals in joint venture with Cobre.

The company holds 17.7% of South Korea-focused Southern Gold, as well as smaller stakes in Catalyst Metals, Armada Exploration, Geopacific Resources, Marimaca Copper, Los Cerros, Tanga Resources, Thor Mining, Canyon Resources, Pan Asia Metals, Australian Gold and Copper, Sable Resources, Torrens Mining, Pan Global Resources, Palladium One, Aurelius Minerals and Trident Royalties.

Metal Tiger is led by Michael McNeilly and chaired by banker Charles Hall.