StockMarketWire.com - Mine investor Metal Tiger swung to a first-half loss after it posted a gain in the value of its holdings.

Pre-tax profit for the six months through June amounted to £4.5m, compared to a loss of £5.0m on-year.

The company's direct equities division recorded a gain of £6.3m before administrative costs.

The windfall principally owed to an unrealised gain of £6.9m on Metal Tiger's holding in MOD Resources, as a result of an offer from Sandfire Resources.


At 9:54am: [LON:MTR] Metal Tiger Plc Ord 0.01p share price was +0.08p at 1.28p



Story provided by StockMarketWire.com