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Investor Update: Metal Tiger 'encouraged' by wide zones of copper mineralisation in Botswana

Headlines from the Proactive UK newsroom.

Metal Tiger (LON:MTR) has reported visible wide zones of copper mineralisation from exploration at Okavango in Botswana. The cores have yet to be analysed but the junior said the presence of trace copper sulphides over a total interval of approximately 85m suggests a mineralised halo to potentially higher-grade copper mineralisation nearby.

Providence Resource’s (LON:PVR) founder and long-time chief executive Tony O’Reilly has stepped down with immediate effect. The Irish oil group said the CEO duties will be undertaken by chairman Pat Plunkett until a replacement is found.

Logistics group Eddie Stobart (LON:ESL) could go bust later today unless shareholders agree to a £55mln rescue package by DBAY Advisors. Deloitte is reported to be lined up as administrator.

 Saudi Aramco has completed the biggest share sale ever through its IPO in Riyadh. The Saudi state-owned oil group raised US$25.6bn (£19.4bn) outstripping the US$25bn Alibaba raised in 2014 and valuing it at US$1.7tn.

Phoenix Group (LON:PHNX) is set to buy one of the largest holders of UK pensions. The life and pensions plan consolidator will pay £3.2bn for Reassure, which handles 4.1mln policies and expects to generate saving of £800mln from the deal.

London-focused housebuilder Berkeley repeated its forecasts of profits of £3.3bn over the next six years even with a 31% dip in its half year numbers. Net cash rose to more than £1bn.

Quick facts: Metal Tiger PLC

Price: 1.33 GBX

Market: AIM
Market Cap: £20.42 m

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Metal Tiger's McNeilly details new funding arrangement and share buyback plans

Metal Tiger's (LON:MTR) Michael McNeilly discusses with Proactive London's Andrew Scott the plans around its share buyback programme.  MTR intends to buy back up to 155.9mln shares - equivalent to 10% of the current issued share capital of the company. McNeilly also talks through its...

on 19/12/19


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