It'd be a lot of reasons but the main one is the shares on issue, it's gonna take a lot of $$ to churn through the walls at 0.3 upwards to 1 cent. Not even whats at the current depth but resistance will get put in when shares climb higher. Uncertainty around AB sale & how long the $$ from the sale will sustain us. Even post consol we'll still have 500 Million SOI, which is a lot. Best outcome imo would be if MD Justin leaves, hes been here coming up 7 years. How he could justify 400k yearly salary for so long is beyond me, said in a recent Ann his salary would increase upon completion of the next CR. How much will he get paid this time around ?
MCT Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
