MTC metalstech limited

Ann: Retraction of Research Note, page-20

  1. 7,838 Posts.
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    Mate, you never know what's behind anything at this end of the market. It could even be someone's method of panicking others into selling their shares to a waiting buyer/s at a lower price. If so, it's been a success today. All week it's been obvious some haven't been playing straight. I think holders just have to keep in mind that the asset they've acquired could prove to be a shrewd acquisition - but not in five minutes. Anyone in for short term riches is likely to be disappointed. When you compare MTC with so many small fish who plow millions of dollars into exploration projects - and often just end up with a billion shares on issue and nothing to show for it - MTC could have a big head start with an established minesite, and not much over 100M shares on issue. They also have another $200,000 coming from the Canadian Govt shortly. Of course there'd be many shareholders well in the red at present, assuming not all those who bought in the frenzy a few weeks ago have since sold out - a casual look at the sell side of the board suggests they haven't - and this will always put some selling pressure on the stock for the foreseeable future.
    Last edited by seaemay: 24/01/20
 
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Last
14.0¢
Change
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Mkt cap ! $31.08M
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13.5¢ 14.0¢ 13.0¢ $27.35K 205.1K

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2 62217 14.0¢
 

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Price($) Vol. No.
14.5¢ 89254 1
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