Asset Trading

The Asset Trading division encompasses the Company's equity, warrant and royalty trading. All activities seek to generate cash inflow, in order to mitigate the need for external dilution through share placings. The gains achieved from the Asset Trading division are re-invested in the Company, its operations and its Metal Projects Division.  The asset trading division is secondary to the companies main mission which is investing in its projects.

Strategic Investments

Larger scale investments negotiated directly with the board of investee companies.

The cost of investments at the end of 2016 was £1.8m, which was provided to Connemara Mining (LON:CON), Greatland Gold (LON:GGP), Goldstone Resources, Lionsgold (LON:LION) (formerly Kolar Gold), Red Rock Resources (LON:RRR) and Thor Mining (LON:THR) (ASX:THR).

In addition the company has invested in its JV partner MOD ASX and holds 4% of its issued share capital.

An outline of Metal Tiger's investment criteria can be seen in the pdf below:

Investment Criteria
Popular 32.95 KB
10/08/2016

On Market Portfolio

Smaller scale investments purchased through the Company’s dealing facilities and subject to an investment entry cap of 10% of Metal Tiger’s last reported net assets per investment.

Through the On-Market Portfolio we hold a range of London Stock Exchange AIM resource company shares, and are researching opportunities in the TSX and ASX markets.

Alternative Investments

Investments which can include warrants, royalties and other non-equity interests which we would define as readily tradeable.

We see significant growth opportunities in this category and are currently targeting new investments in this area, particularly the purchase of long term warrants and royalties.

Reporting on Asset Trading is restricted to the half year and full year results, save where the Company is required to announce transactions for regulatory reasons.

Current Warrant Holdings

As at 31 Dec 16

Company No. of Warrants Exercise Price Exercise Period Ending

Kibo Mining    (LON:KIBO)

 10,000,000

9p (3)

26/02/18

ECR Minerals    (LON:ECR)

500,000,000

0.04p (4)

18/11/18

MOD Resources    (ASX:MOD)

 29,166.666

A$ 0.01

15/04/19

Greatland Gold    (LON:GGP)

150,000,000

0.20p (5)

05/04/19

Red Rock Resources (LON:RRR)

 29,761,904

0.84p (6)

28/10/18

Conroy Gold    (LON:CGNR) 675,675 37p (7) 03/11/18
Connemara Mining    (LON:CON)  5,000,000 5p (8) 12/05/18
Thor Mining    (LON:THR) (ASX:THR) 400,000,000 0.05p (9) 16/11/18
Kolar Gold (LON:KGLD) 18,181,818 2.2p (10) 29/01/19

(1)  refer to MTR RNS dated 05/02/15 for warrant terms

(2)  refer to MTR RNS dated 07/04/15 for warrant terms

(3)  refer to MTR RNS dated 26/02/15 for warrant terms

(4)  refer to MTR RNS dated 18/11/15 for warrant terms

(5)  refer to MTR RNS dated 06/04/16 for warrant terms

(6)  refer to MTR RNS dated 29/04/16 for warrant terms

(7)  refer to MTR RNS dated 04/05/16 for warrant terms

(8)  refer to MTR RNS dated 13/05/16 for warrant terms

(9)  refer to MTR RNS dated 17/05/16 for warrant terms

(10) refer to MTR RNS sated 12/07.16 for warrant terms

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