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I think this is the right way for MAT to go.Develop the ground...

  1. red-frog
    2,512 Posts.
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    02/01/22
    01:39
    Post #: 58601646
    I think this is the right way for MAT to go.
    Develop the ground and sell it off rather than go mining. I'd have preferred more cash upfront rather than this particular deal offers as there will most likely be an escrow on the Linden shares after listing.

    I've included a couple of screenshots from Linden's web page.

    Worth going to their site for a look.

    They have a toll treatment deal with St Barbara for their Fortune Mine and a $16m debt facility from St Barbara.

    With the new year comes renewed hope of a change of fortune for MAT.

    https://hotcopper.com.au/data/attachments/3938/3938973-32e2ee599c3e8a2063f8d3d2de722764.jpg
    https://hotcopper.com.au/data/attachments/3938/3938976-8756a184b267a34dec1a110db35a3a0a.jpg
    MAT Price at posting: 5.7¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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