The recent actions of management were a shake of the tree, pretending there's a cap raise at 5c this year and then a whole year later only at 8c, no higher, in that redacted report, then the admission of yet another case of late lodgement caused by more administrative oversights and now they're offering an out. Someone's buying, might look good to some, a 25% rise in a day followed by another small rise the next. But it's likely the price has been kept artificially down imo for this very reason, a shake of the tree.
This probably means the price is heading upwards of 20c shortly in my opinion. They've potentially sorted something out for Cancet and there's an announcement coming to that effect. Legal case settled, buckets of cash coming in and we'll be free carried on lithium exploration and there's been gold anomalies found there too.
Well be back at 40c in no time. But then again I am a dreamer.
I do recognise a shake of the tree when I see one though. What's being offered today is not enough.
MTC Price at posting:
5.5¢ Sentiment: Sell Disclosure: Held
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