Chart - MTA, page-2

thanks.
ordinarily, on technicals alone, you are right. hence the dip today.
but i've also seen this situation before, where technicals are a sell, but demand continues to soak up around consolidation levels, and when this happens it is usually indicative of stronger forces than your regular retail market traders at work.

i sold a small portion of my holding and re-entered at a lower price simply because the opportunity was there, but for the most part i am just in net accumulation mode. i havent really seen this sort of strength, even in the face of a big ugly reversal candlestick, for quite some time.

the fact is, at 15c and upon conversion of options, you have a company with $14m cash, an EV of $40m and only 360m odd shares. at 30c you still have an EV under $100m.

off take agreements currently pending will give a clearer picture of what sort of material financing will be needed, but that is really tasty capital structure, even without the attractive fundamentals.

not alot of mining companies sit in the sweet spot of having a nice cake and actually being able to eat it as well. finding one that is still underpriced is worth more than the right chart imo