Hey Mate, I don’t think they have long term strategy to develop...

First 15 Last

Share
Profile

Follow
BlueSky0301

567 Posts.

182

27/09/24

09:40

Post #: 75866197
Share
Originally posted by doncamilo: ↑

just wait until the rest "last one" realizes there is no DEAL in the making here "in short term"... + MTC strategy "long term" is to develop the project.... which is only UG (underground).... + they need CAPEX/ money... + more dilution = CR... etc...

Technically: this could drop down to the low of 0.120 AUD.

4. Trend Analysis
The overall trend seems to be a downtrend, considering the price movement from 0.290 AUD down to 0.120 AUD.
The price is trying to find support around the 0.618 level (0.175 AUD), and if it holds, it could potentially move back up towards the 0.195 AUD level.
5. Potential Scenarios
Bullish Scenario:
If the price holds support around the 0.175 AUD level (0.618 Fib level), we could see a bounce back toward 0.195 AUD (50% retracement) or even 0.225 AUD (38.2% retracement).
A bullish MACD crossover would add to the possibility of an upward move.
Bearish Scenario:
If the price breaks below 0.175 AUD, it could retest the 0.155 AUD (0.786 Fib level) or even drop down to the low of 0.120 AUD.
The MACD still being below the zero line indicates that the downtrend has not fully reversed yet.

Expand

Hey Mate, I don’t think they have long term strategy to develop the project even UG only. They are just not capable of doing that in my view. Their only strategy at this moment is to prepare PFS so that they can convert their Performance Rights into shares and can sell them for 53c. They probably don’t care about project and general shareholders. This is my frustrated view only. DYOR.
MTC Price at posting: 17.5¢ Sentiment: Hold Disclosure: Held
7 Upvote

1 Great analysis

Reply

Top Stories

RCE

Recce locks in $30M to boost commercialisation across ASEAN region

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

First 15 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 14.0¢		Change 0.000(0.00%)		Mkt cap ! $29.22M

Open	High	Low	Value	Volume
14.0¢	14.0¢	14.0¢	$22	157

Buyers (Bids)

No.	Vol.	Price($)
1	3853	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	96683	3

View Market Depth

No.	Vol.	Price($)
1	3853	0.130
2	19008	0.125
1	25000	0.120
1	8	0.115
1	10000	0.100

Price($)	Vol.	No.
0.145	96683	3
0.150	81333	3
0.155	43725	2
0.170	20284	1
0.180	250018	1

Last trade - 15.19pm 17/06/2025 (20 minute delay)

MTC (ASX) Chart

Hey Mate, I don’t think they have long term strategy to develop...

Recce locks in $30M to boost commercialisation across ASEAN region

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Hey Mate, I don’t think they have long term strategy to develop...

Top Stories

Recce locks in $30M to boost commercialisation across ASEAN region

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: Bourse spins in circles as Israel-Iran conflict weighs | June 17, 2025

VBX Ltd jumps 15% on ASX debut as newest Oz bauxite player

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News