What is going on?, page-13

I 100% understand people’s impatience to a degree, though personally, I’ve held for many years and have just continued accumulating where I can.
My only concern at present are the terms of the spin-off.

I think many have to realize that zinc, and in particular, Admiral Bay, has always been the main focus of the company.
They’ve spent a lot of time presenting this project to potential partners/investors whilst progressing it at a reasonable pace (IMO).... it’s taken up a lot of their time and energy.

That being said, we will have every right to be incredibly disappointed if this new NA venture proceeds on crappy terms (I’ll honestly reconsider my investment if it’s the case).

The silver lining now is that once this spin off is completed, then their focus will be able to shift dramatically.
I think the Lennard Shelf project can potentially become a fantastic cashflow opportunity for MCT in it’s own right via development/production..... plus potential upside in Lithium and/or Cobalt ....

Larger investors still in holding @ a higher buy-in price, management have skin in the game which includes on market purchases a few months back @ around 5c ...

We can all argue about the pace at which things have moved, but given what lies ahead in the near future, you’d be crazy to let impatience get the better of you now.


Cheyne.