buying at these prices is backed by the 20m asset sale (cash and shares) , and retained 553koz looking to expand to 1m oz. There is a bit of wait for the Asset sale to go through, pending the listing of LGL. But selling at these prices, when not only the upside exploration through our gold tenure, but a healthy reminder today that adding value in a more heated sector wild card.
This is a case of great book value, supporting base level entry, with upside in market actually puting some credit towards the 553 koz + expand / and cash to do so. Then you add this re-ignition of assets in Thailand with the potential first mover advantages.
Upside, patience. Let the stale holders clear out.
MAT Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
