I wish I knew that answer today but obviously when the WR1 value is taken out it has to fall - unless some outstanding news emerges. The other day I gave the following example: If a person owns 100,000 MTC shares at 70c that equates to $70,000. That person will receive 100,000 divided by 3.68 = 27,173 WR1 shares for free @ 20c = $5,434, which is only 7.764% of the MTC SP at 70c . So, as can be seen, $70,000 - $5,434 = $64,566 for 100,000 shares, equating to an MTC SP without WRI of 64.5c. However, since WR1 shares are likely to double in price soon after listing we could perhaps attribute a value of more like 15% of the current SP to bring the value without WR1 to more like 59c. The trouble is, that's all based on a logic that seldom applies to the market and also, I think many have bought in recently thinking their WR1 shares are worth a much larger percentage of MTC that they really are, so with that mindset many have pushed the MTC SP way over the true value it probably should have at present. Therefore, when reality klicks in from tomorrow onwards I would expect MTC to fall significantly - perhaps to the range 38c to 50c. But who knows; let's wait and see. And, if good drilling results keep coming there's no reason why MTC won't resume climbing based only on Sturec, since the MC will be reasonably low (probably well under $100M again).
If the true value of
MTC Price at posting:
68.5¢ Sentiment: Hold Disclosure: Held
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