The folly of a $5m deal for 51% of the gold project is highlighted by the shareholders and the broader market. Just no interest and no trust.
MCT has paid way over the odds. Even good drill results will only be a trading opportunity, as seen by the run up to .016 on hype ahead of the initial drill results and finished the day back at .008.
Too costly, too far in the future, too many broken promises and too much apathy from management over a long period of time.
The only assets worth a dime are the zinc projects which we now hold 80% of in KML.
Monetise this by their timeline of end of this year and MCT may win back some market support. Until then we will just plod along with a hole here and there at Kookynie.
Farm out all other projects to others who will actually do something with them.
The folly of a $5m deal for 51% of the gold project is...
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $13.45M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.497K | 1.328M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 46656624 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 49366094 | 57 |
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| Last trade - 10.30am 26/07/2024 (20 minute delay) ? |
| MCT (ASX) Chart |