Australia's largest stock trading and investment forum Australia's #1 stock forum

MTC

Click for more information

3.23%

15.0¢ metalstech limited

Ann: MetalsTech Announces Spin Out of High-Grade Lithium Assets, page-54

First 54 Last

Share
Profile

Follow
bsumisu

5,476 Posts.

423

29/03/21

17:25

Post #: 52120412
Share

Originally posted by noid222: ↑

This probably makes more sense than the Lithium spin-out and could explain why Russell has gone for the 'unfair' (yet, we'll do it anyway, thanks ASX and ASIC for looking after shareholders interests, not!) issue of 6,000,000 shares for the gold royalties. Feels like the issue of these shares is a bit rushed.

My guess is MTC is using the spin-out 'spin' to negotiate the best price possible for the sale of the Lithium assets. I wouldn't be at all surprised to see a sale and then special distribution to shareholders of some of the sale proceeds.

I doubt the sale price will be anything close to $10m plus, my guess, $5m max.

Doesn't Russell need some cash, like $38m to settle debt to Argonaut Securities, yes he does, as widely reported in the media - Russell defaulted on his $6m loan from the stock broker and now owes $38m!!!

Expand

At this point it wouldn't take much to make it value accreditive, lol.

MTC Price at posting: 15.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

IR1

IRIS shows high purity spodumene can be produced from South Dakota's Beecher project

RGL

Riversgold has rockchips boasting a holy trinity: gold, copper, and antimony. Can it move to drill?

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

AHK

Ark Mines provides strategic update following mining lease submission

There are more pages in this discussion • 1 more message in this thread...

First 54 Last

Add MTC (ASX) to my watchlist

(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $29.55M

Open	High	Low	Value	Volume
15.5¢	15.5¢	14.5¢	$29.37K	193.9K

Buyers (Bids)

No.	Vol.	Price($)
5	47208	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	50429	2

View Market Depth

No.	Vol.	Price($)
5	47208	0.145
3	32200	0.140
1	10000	0.130
3	8250	0.120
1	10009	0.100

Price($)	Vol.	No.
0.155	50429	2
0.160	31250	1
0.170	140600	2
0.175	4000	1
0.180	80000	1

Last trade - 11.49am 09/10/2024 (20 minute delay)

MTC (ASX) Chart

SPONSORED BY