If you didn't know, there are virtually no retail shareholders in MRC, the majority of the shares are owned by the T20 which holds around 80% of the company,
We all know the reason for the fall in the SP from 40c down to its current levels. When you look at the shareholders who have sold over the past few years including associates/related parties, Mark Caurso, Gold Terrance, Zurich Bay, Simto Resources, it makes complete sense why the SP is where it is today,
I don't think there is any love between MC and the rest of the shareholders, it's pretty clear they were willing to pay a premium to MRC to continue to develop its projects, rather than helping the former CEO out with his departure from the share registry, plus the company has virtually no marketing. I would have thought that would have been obvious when there is virtually no posters on HC.
BTW, wouldn't you know a bit about Gold Terrance, RNU did buy a graphite project from them in Munglinup, I believe it was next door to MRC's Munglinup graphite project.
I am not one to worry about the politics of a company, I knew MC was going to continue selling, I look deeper into the companies assets and projects, MRC is well-placed for its Mineral Sand business moving into finished products, along with the pending inland strands production. Its anode business is also better placed than most, when they have managed to attract companies like FREYR or Mitsubishi, this doesn't occur if you don't have high-quality graphite that is suitable for their batteries.
BTW, have you had a chance to read through Mr Frey's response to RNU's objection? If you didn't he works with MRC on its anode developments, he certainly knows his stuff doesn't he.
MRC Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
