Mitsubishi clearly has doubts as to the capability of the board to properly utilise their $15 mil injection. They've been stalling since the permit issue in August.
They did a test injection of $.4 mil to be repaid by 1500mtu of tungsten per month and they got 15 grams of tungsten instead, so it's probably understandable.
I agree it's probably time to tell Mitsubishi to put up, or sell the company to a bargain hunter for $.40 per share.
There is probably a true PV of more than $3.00 in the holding, but this management can't pull a thorn out of it's own toes to stop the pain.
Best to give up and sell up.
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Mkt cap ! $105.1M |
Open | High | Low | Value | Volume |
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3 | 134830 | 4.6¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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2 | 209366 | 0.045 |
2 | 294761 | 0.042 |
1 | 65000 | 0.041 |
1 | 127948 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 75007 | 1 |
0.049 | 199999 | 1 |
0.051 | 24999 | 1 |
0.052 | 31165 | 1 |
0.055 | 100000 | 1 |
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