Fair call, our new MD seemed to have a better idea, but the lack of communication regarding lithium plans now we're entering Q3 is concerning and reminiscent of previous performance under a different management team.
Can it be put down to purported negotiations with a third party over project level finance and a confidentiality agreement? Now Directors have all proven they feel able to purchase on market without danger of insider trading violations it looks less likely to be the case.
2 major companies have a significant stake here, BCC and LIT. It might save us if one or both were to increase their investment and take up a seat on the Board to lend it some direction. It might even be beneficial to replace the Chairman at this stage. The SP is at a low enough level right now for that to be an attractive investment. Not sure how many are happy with the Chairman's performance as he barely scraped enough votes in to approve his performance rights.
MTC Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
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