MTC 2.13% 23.0¢ metalstech limited

Dynavolt pulled off, page-50

  1. 5,084 Posts.
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    The delay to mid year on Cancet did cause some concern, but the landholding there has been expanded with new acquisitions that allegedy show further outcrops. I haven't written it off by any means, surface work needs to be completed after the thaw before targets are identified for drilling on the new areas.

    I put the delay on Cancet down to management having an inkling, albeit after the last drilling results from Cancet, that the Chinese funds may not be coming after all, forcing them to choose between Adina or Cancet. In that situation it was probably the right thing to do to wait until surface work could be completed in spring at Cancet and crack on with Adina in the interim. But that's just a guess because communication is so very poor, I can't believe company funds are likely being paid to a communications company to deliver this incredibly poor communication. Shareholder sentiment is suffering
 
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