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3.1¢ metalicity limited

Ann: Consolidation/Split - MCT, page-14

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flicklb

508 Posts.

34

27/08/24

16:12

Post #: 75398598
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Originally posted by xXmlghillyXx: ↑

It'd be a lot of reasons but the main one is the shares on issue, it's gonna take a lot of $$ to churn through the walls at 0.3 upwards to 1 cent. Not even whats at the current depth but resistance will get put in when shares climb higher. Uncertainty around AB sale & how long the $$ from the sale will sustain us. Even post consol we'll still have 500 Million SOI, which is a lot. Best outcome imo would be if MD Justin leaves, hes been here coming up 7 years. How he could justify 400k yearly salary for so long is beyond me, said in a recent Ann his salary would increase upon completion of the next CR. How much will he get paid this time around ?

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Not good for company given where we are at.
But hey sadly that's life at this end of the market, in my opinion. Maybe voting no will help.

MCT Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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