MTC-General discussion, page-422

You called it, ~$30k of volume between here and a 55+% gain.
Seems like whoever had the moving selling wall might have finally got their fill and is ready to let this run and realize their profits.

Also looks like there's no one else who hasn't realised that selling for under 10c is selling the company at a 5M undiluted market cap with 4.12M in cash (probably closer to 3.5M after this quarter's fieldwork expenses).

The extra 4M of dilution is from escrowed shares from land purchased at 20c+, meaning it's 8M of land and has undoubtedly appreciated in value since acquisition (particularly Nemaska Lithium's continuation of their Whabouchi deposit in Terre des Montagnes, as a $400M company I'd be suprised if they don't come knocking with a healthy offer for it to expand their tonnage feeding the same plant which has already been fully financed)

It's pretty unbelievable that some people don't even realise they handed over their money at a valuation millions of dollars less than the value of land and cash, especially given even bare shells have administration price premiums over assets. Personally I bought every cent I could and I still would have even if a volcano exploded all over half of the land or if management spent $500,000 on diamond crowns for themselves. I have extensively investigated many microcaps around this level which have all been absolute trash with no cash and barren land with no potential.