Ann: Trading Halt, page-12

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bsumisu

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11/03/21

15:31

Post #: 51694506
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Originally posted by Gwaihir: ↑

Interesting that the halt came so soon after the Lithium announcement, about two and a half hours later.

I'd say something has happened in that time, to encourage them to accelerate their decision on what to do with Cancet, and they quickly decided to spin it out. I'd say there may have been some quick phone calls and discussions immediately behind the scenes. So what changed?

I've followed Chris's work for a while, and I'd say that it is exceptionally good, and he is impressive as a CEO.

My guess is that another company that is also spinning out it's Lithium project for listing on the ASX, and who may have targeted Chris as the potential CEO for the new company, read about MTC offering Chris this consulting role.

This other company may have then contacted Chris and made a formal offer (in order to procure him), and then Chris contacted MTC to let them know.

So in order to get Chris as CEO of the new Cancet lithium company, I'd say that MTC then immediately decided to spin-out the Lithium and offer Chris the CEO role, to counter the other offer he may have had.

I'd expect that Chris has a choice now. Personally, I'd choose a Western based company over others anytime.

If Chris accepts this role with MTC as CEO of the new Cancet lithium company, then I'd say the other company has just shot themselves in the foot, because Chris is exceptionally good.

Anyway, this is my hypothesis.

Gw

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Are you basing this of news from said other company spinning out? Nice hypothesis, just wondering if it's based on some little signs or just a shot in the dark .

MTC Price at posting: 17.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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