News Archive


Metal Tiger sells part of Kingsgate stake after failure

Posted by: Admin | Posted on: January 23rd, 2018 | 0 Comments

After the sale, which brought in A$2.6 million (US$2 million), Metal Tiger holds 5.15% of Kingsgate.

Doe Run Peru's Productive Units are on the Public Auction Block

Doe Run Peru’s Productive Units are on the Public Auction…


RESOURCEStocks Australian Mines QA: Benjamin Bell

RESOURCEStocks Australian Mines QA: Benjamin Bell…


Amerigo rising

Amerigo rising


RESOURCEStocks QA: Cobalt Blue's Joe Kaderavek

RESOURCEStocks QA: Cobalt Blue’s Joe Kaderavek


Evidence Mounts for World Class District

Evidence Mounts for World Class District


RESOURCEStocks QA: Westgold's Peter Cook

RESOURCEStocks QA: Westgold’s Peter Cook





Metal Tiger said it would keep an eye on executive chairman Ross Smyth-Kirk and co despite the move.

“It does not … mean we are going away,” CEO Michael McNeilly said.

“We still retain more than 5% of Kingsgate and will be watching the board closely to see if they deliver on what they have promised.”

It’s not clear what the Kingsgate board “promised”, but shareholders showed discontent with Smyth-Kirk at the extraordinary meeting called by Metal Tiger, with 45% voting against him keeping his job.

Kingsgate was up 8% to $0.32 per share after the sell-off was announced.

Metal Tiger had indicated it would spin off its two Thai projects into a new AIM entity called Kemco in the March quarter, but in the sell-off announcement said it was mainly focused on the MOD Resources (AU:MOD) joint venture copper/silver project in Botswana.

Article source: http://www.mining-journal.com/capital-markets/news/1311017/metal-tiger-sells-kingsgate-stake-failure

Comments are closed.