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MTC metalstech limited

3.85%

13.5¢

Ann: Appendix 3B, page-23

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Handy777

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03/03/19

16:33

Post #: 37636031
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Originally posted by Chair-Face: ↑

while Cancet has high grade at surface, Their target of ~20 mill tons is just a target. I’d guess they’ve defined somewhere around a 1 million tons from their drilling so far.
So they really need to find some more spod for that 20 mill target to ever get hit. . I’m not sure how they came up with that target figure though? I would assume a qualified person would have to have had a look at the aerial magnetics or something similar and management didn’t just pluck that figure from outer space..?

the spec end of the market is just dead at the moment, and the lithium end is even more dead. Wouldn’t surprise me if management are just waiting it out for money and confidence to start flowing back into this end of the market. . Which could be 12 months from here IMO.

all in my honest opinion

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I hope that’s the case.

But if so, why didn’t they drill it immediately when hype, money and confidence was at its peak? Did they assume it wouldn’t dissipate as quickly as it did? And then suddenly they had missed their opportunity?

MTC Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $28.17M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.5¢	$3.713K	27.5K

Buyers (Bids)

No.	Vol.	Price($)
2	67188	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	1000	1

View Market Depth

No.	Vol.	Price($)
2	67188	0.130
4	44619	0.125
3	138341	0.120
1	10000	0.100
1	10500	0.094

Price($)	Vol.	No.
0.135	1000	1
0.140	22528	3
0.145	126965	4
0.150	50000	1
0.155	35745	1

Last trade - 14.10pm 27/06/2025 (20 minute delay)

MTC (ASX) Chart

Ann: Appendix 3B, page-23

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Ann: Appendix 3B, page-23

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