Russell has been seeking money from China, MTC has only one proven asset, Cancet. Somehow his eyes have been diverted from Cancet toward massive riches elsewhere, namely Wodgina. But if the Chinese want to bid for a 49% share of that mine, why would they need Russell? Russell has no stake in Wodgina that Im aware of and no experience operating a large scale lithium mine.
But what has he done? Taken his eye off MTC and now we have very little cash, our shares are worth very little resulting in undesirable levels of dilution if raising capital, as well as limited funds that can be raised owing to the available placment capacity and MTC is slowing down, losing tenements as their leases expire and likely will need to sell something to survive.
You have to keep your eyes on the ball and the ball is Cancet.
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