Hi Jackal, I hear what you are saying but I guess I'm a bit more optimistic re MCT from here - it's true that there are a lot of shares on issue however the current market cap is low at <$10 million. I initially bought into MCT when they experienced drill success at Kookynie. I was attracted since the market cap was low, the drill results were good, and the location was excellent with various others drilling in the same area (CAV, GMD etc) and nearby processing options. I figured that if they found anything substantial there was strong potential for corporate action, toll treatment etc.
Now that JV ownership is resolved they can get back to drilling to hopefully add value at Kookynie.
GLTA & DYOR
Ann: $1.4M Placement to Accelerate Gold Projects, page-8
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $16.08M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.6¢ | $77.34K | 2.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1717400 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 35000 | 1 |
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| Last trade - 15.52pm 04/11/2024 (20 minute delay) ? |
| ARI (ASX) Chart |