MTC's ~Disallowed $1 Research Note, page-118

Jarama do you know the definition of insanity?

It’s doing the same thing expecting a different outcome, no matter what you post it CAN NOT change the fact Management have a history of not delivering, and a track record of poor communication.

What’s the plan for JORC timeframes? Are we looking for lithium, cobalt, copper or will gold be be next? Maybe we could become a crypto company, or find the next fad and follow that. Or will we finish a 3D diagram identify some possible targets and then we will get back to a lithium target, buy some more land and then decide to spend some time on that? Have management been meeting with BCC defining the next strategic goals of the company? Are the MD’s due to present at any conferences coming up and get some interest in this company?

Point is Jarama perhaps if you acknowledged some of the short comings in this company, maybe your attempts at trying to defend management wouldn’t be so transparent for what it is. They achieve 50% of everything and 100% of nothing.

You mentioned a SP of even 26c in 10 years from now would have beaten the average market return over that period from current share price. I ask you this - would a 6c return on 20c from IPO over 12 years be acceptable?

I can tell you my work is involved heavily in the mining industry through materials handling. There are plenty of other listed companies who are moving forward with Lithium projects in Australia and Canada alike. That doesn’t include the Brine producers. The concern is if MTC can’t delineate a clear strategy they will miss the boat because other companies who can do this will lock in the deals and MTC will still be trying to decide the best place to land a drill.

How much time and money was wasted trying to do the icobalt spin off? There’s been no clarity on this, and for the record that direction had to be stopped, the offer to existing holders was poor, and wouldn’t have rewarded the long term holders......