MTC metalstech limited

3.85%

13.5¢

Vision Lithium discovers lithium deposit 300 meters from MetalsTech's Sirmac-Clapier Property, page-27

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rick26

5,505 Posts.

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26/01/19

10:00

Post #: 37231920
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Originally posted by Chair-Face: ↑

I agree rick, 33% is not a bad return at all. Of course, that all depends on the initial investment, 33% of Not much is still not much. I averaged down at 3c because I honestly believe the share price should never have gone below 10c. (Based on Cancet and the land next door to Nemaska) The board are solely to blame in my opinion, regardless of the downturn in the sector.

However, I am expecting the board to start to get a little more interested now their shares will be out of escrow in a month (24th feb)

only 1 week till the quarterly and we can see how much money these 2 directors have pulled and we can compare it to progress in the quarterly... assuming there is progress of course!

i will be particularly interested to see
- any progress on the project level sell down for lithium (or our cobalt cow paddocks)
- any mention of a new commodity like gold (or maybe that diamond target near Bay Lake Lol)
- how much money has been claimed by the directors and how much progress we have.
- any mention of drilling planned in 3 months or so when the snow melts. The website mentions Kapiwak as having “drill ready targets”...
- any mention of a new Managing Director
- cash position
-info on the government rebates of around ~$2million

good luck all and all in my honest opinion

Expand

I'm only selling my shares for a profit Chair, and my average is still 12.9. So there's at least 4 bags in it for anyone buying now if I achieve that. I wouldn't average down though, because I feel I have a big enough stake here already and I am more interested in spreading risk across my portfolio. It's not just that I'm incredibly dissapointed in and not at all confident of management

MTC Price at posting: 3.6¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Vision Lithium discovers lithium deposit 300 meters from MetalsTech's Sirmac-Clapier Property, page-27

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Vision Lithium discovers lithium deposit 300 meters from MetalsTech's Sirmac-Clapier Property, page-27

Top Stories

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