I’ve taken the bull by the horns and emailed the MD again.
If I don’t get a response I will be calling Tuesday or Wednesday. The report is not good enough and they know it - why else release to market after a Friday close? I keep going back to the phone discussion I had last week, and generally David was really positive, but the cash position is certainly a huge concern. I’m struggling to see where funds can be raised. I’m doubtful us retail holders would participate, so they’d better hope the family and friends have deep pockets.
BCC I would be shocked if they stumped up, I’m doubtful any instos would be interested, and banks wouldn’t touch a speccy stock like this. If this next round of drilling and next weeks preliminary assays are dusters, it’s good bye I think. Only other option is to sell the lithium assets. Yes we have a handy refund tax chq coming, but that only goes so far.
Jarama you’re still bullish I see and the only one in this thread who sees the quarterly as a positive announcement, what’s your thoughts on MTC as a going concern? And/or being in a good position to raise funds?
MTC Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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