5 cents cheap, page-19

@Lfc786 - unlike others, I welcome views that are contrary to my own - it makes me look at things again and consider if I still hold the same view.

Yes, current market cap is low. Like others have posted, I believe that is largely because of the board issues of recent times. Until recently, Mitsui was going to give $5M to help fund a BFS, Not ask for shares or equity in the JV - give $5M. Why? To secure offtake. That has nothing to do with the current market cap, but they will provide funding. When a respected customer is willing to do that, the current market cap does not make sense - unless you consider the past board issues which is part of the reason why Mitsui did not renew the binding agreement. See my other posts for my reasons why I think the board issue will soon be sorted with the JV reset.

Also, as @mastroooo noted, a few months ago, MGT's market cap was also below $20M.

Thanks for your comments, but I still believe the only thing holding CAP back is the JV reset and that should be resolved soon.