Ann: Change in substantial holding, page-80

Thanks for the hints, so based on this (Shaun runs the "180 Markets" Channel, and also Shaun Factor is the director of 1215 Capital from Sub-Notice) i was able to sort out abit some/most capital raises as well as some shares issued to Nigel (in lieu of directors' fees) since the capital raise on 18/09/20:

First noticed that on or around 19 Aug 2020 MTB had a huge sp spike (from circa 0.2c to as high as over 2c if im right), looking back most likely/coincidently was probably because the silver metal price was peaking (over US$28/oz) in August 2020 too;

So after that date/short period, MTB was able to do a capital raise on 18/09/2020 through 180 Markets (1215 Capital/Shaun):

A$416k raised; issued 52m shares (to 180 Markets and its clients) @0.8c plus 34,666,667 free attaching options (already expired/lapsed to date);

Then on 10/12/2020, MTB issued 10m shares @0.9c to Nigel (in lieu of directors' fees; valued $90k in paper);

On 18/05/2021, another capital raise raised A$693k (180 Markets the lead/broker again), MTB issued 99,022,320 shares @0.7c (to 180 Markets and its clients);

Again on 27/05/2022, 180 Markets and Shaun helped raise another A$500k, MTB issued 100m shares @0.5c (to 180 Markets and its clients);

Then on 20/12/2022, MTB issued 24m shares @0.4c to Nigel (in lieu of directors' fees; valued $96k). SP of MTB has been below 0.4c or 0.3 since then and the trade volume increased only when sp was at 0.2c (excluding trade volume from 04/07/2023), so if he sold before, the value would be halved; and the last director fee given in shares was in Dec 2020;

No shares issued in year 2023 yet so far in terms of raise or directors' fees.

And I didn't include here all the sellings by 1215 Capital since when they started/decided to reduce their holdings (but can be found from all released Sub-Notices).

From the chart the SP of MTB has been below 0.5c since around Sept 2022 (well below the prices 180 Markets did at raises or directors' fees). Obviously one can see that most or maybe all of 180's clients who participated in the raises (including Shaun/1215 Capital) were understandably not happy hence the constant/non-stop selling since a while ago till 4 July 2023.

Below is an old video (180 Markets interviewing Nigel) after the mentioned capital raise on 18/09/2020 (180Markets as broker):


Can't comment much as Nigel seems to know his stuff well including from economical viability perspectives e.g. electricity access/costs, metallurgy/testing work etc. etc.. However did notice towards the end (around 15:45 mark) he stressed: "... all i can say is we're not going to give up on this, this is gonna work. It's as simple as that...". Can it work this time?

All the numbers above are from the released ANNs and apologies if any mistakes. Just so to clarify or check out a bit on e.g. relations between 1215 capital and Nigel (don't see anything illegit personally) as well as how much MD drew from the company in fees/in shares in recent years for this case from Sept 2020 (not much too). Aimho please dyor and GLA.