Originally posted by Chair-Face
I agree that BLN could have gone either way, so there's no real reason to be too upset.
I disagree that "a few punters ended up on the wrong side of a trade" , literally the whole register is in the red at the moment. We also went from having two full time employees to Zero full time employees. Not to mention going through 3 technical directors in 6 months and having zero Execs on the board.
Who is steering the ship a the moment is my main concern?
In saying all that, I still think MTC is very undervalued and there's something going on behind the scenes. doesn't make sense that a company could be run this way otherwise.
ALL in my honest opinion.
Chair-Face, I think for something to be going on our directors need to be doing something. Considering they are busy with their 3G Coal IPO, I am not sure they have invested any time in trying to get a deal for us.
The only indicators we have to suggest something is going on is them talking about project level sell-down without any detail and our new TD having experience in project level sell down.
I think there is a very real chance that our directors have put MTC off the burner and are focusing on 3G Coal at the moment. Once they get that up and running they might give some time back to MTC.
I also agree with 71c4 "As long as MTC keep drilling prospective ground I will support them."
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