The offer from Sandfire Resources is expected to generate 2.8x on Metal Tiger’s £7.7m investment in MOD Resources. Furthermore, it proves up Metal Tiger’s stated objective of delivering superior returns to shareholders. Metal Tiger can expect to receive its Sandfire shares on 23 October 2019 following recent shareholder/court approval of MOD’s AUD0.45/share offer. Thereafter, Metal Tiger plans to seek approval from its shareholders for a share buyback.
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Share buyback planned once MOD deal completes
- Published:
22 Oct 2019 -
Author:
Michael Starke -
Pages:
40
The offer from Sandfire Resources is expected to generate 2.8x on Metal Tiger’s £7.7m investment in MOD Resources. Furthermore, it proves up Metal Tiger’s stated objective of delivering superior returns to shareholders. Metal Tiger can expect to receive its Sandfire shares on 23 October 2019 following recent shareholder/court approval of MOD’s AUD0.45/share offer. Thereafter, Metal Tiger plans to seek approval from its shareholders for a share buyback.