It would be an excellent opportunity for MTC to raise capital if a trading bot were programmed to send the SP up past 53c when trading resumes too. So whether or not Chifeng is buying or it's a bot network working on raising the SP it would present an excellent opportunity for an exit for anyone looking for such a thing. Previous offer for Sturec being 63c per share, but with structured payments based on milestones being reached means that if that price seemed an attractive valuation for a holder then and they were prepared to wait for those milestones to be reached then if the SP were to hypothetically reach it immediately, et voila. Then MTC could raise capital if it needs it before any hypothetical takeover and continue business as per usual without those Director shares actually being handed over. Win win for everyone. Good luck to all holders, however you want to play it, whatever your appetite for risk, if the ASX allows trading to resume on Tuesday. This stock moves fast sometimes and it's first come first served in the queue.
MTC Price at posting:
26.0¢ Sentiment: None Disclosure: Not Held
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