Yes it is my view that the lack of free shares to be traded amongst investors (ie. lack of depth) is the reason why MTC has gone under the radar to date and missed the re-rate that most lithium juniors enjoyed last year.
Strategic investor site visits may have occurred or may be occurring as we speak:
“discussions with other potential strategic partners continue, with the Directors hosting a strategic investor site visit in late February at its lithium and cobalt projects in Quebec and Ontario respectively”
The point I like here is that they are other “potential strategic partners” (not merely Instos or high net worth equity investors, it would seem) and crucially they are continuing discussions, meaning they were underway before Dynavolt defaulted.
Site visits = part of the due diligence
We could have news any time of any day now.
We could also hear of BCC completion (remittance) any time of any day now.
Don’t forget drilling at Adina, though in response to @Maxi11’s quastion yesterday my view is it will take longer than 2 weeks for initial visual estimates. Figure 3 in our 19/2/18 announcement suggests we could have some pretty decent intercepts and that could take time.
“Previous mapping completed by the Company in 2016 identified outcropping pegmatite, with high spodumene concentrations. Subsequent assay results (rock chips) included 1.58% Li2O, 2.43% Li2O, 1.19% Li2O, 1.67% Li2O, 2.08% Li2O, 3.12% Li2O and 1.79% Li2O.”
“A 15 to 25 -hole drill program is proposed for a total of approximately 2,000 m. The primary objectives of the program is to test two pegmatite trends, identified and sampled in 2016, along strike and at depth.”
(Bolding is mine)
It is my opinion that good results at Adina would send our SP above $0.60.
Ask yourself what T20 is going to want to sell even on good results and a SP of $0.60 when iCobalt is about to happen and MTC has more drilling at Cancet and other projects.
This is why I believe MTC is the best place for my money right now. And yes I left AVZ at $0.33 to come here. (Was 100% at AVZ, now 100% at MTC)
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