So true what you are saying Red-frog . But there are two things...

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zarzoore

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01/07/22

11:36

Post #: 62316845
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Originally posted by red-frog: ↑

This is a positive, albeit small deal for MAT.
Good to be free carried and get a few dollars upfront. The selling of non-core projects for cash or shares allowed MAT to explore and develop projects for many years without needing to dilute holders. Their big stuff up was trying to mine Red October. A doubling of shares and selling of their large holding in BNR, plus 20m LTR shares was a result of failing as miners.

Selling Red October and some other leases to Linden was the first positive news from MAT for about 3 years. Once that deal is settled, MAT should pay back the $4m debt to Rob Martin and be debt free. The rest of the cash should be pumped into the ground and any equity in Linden in-specied to holders.

Drill up their ground and offload projects to raise future cash. Forget the idea of building a stand alone plant. Let the big guys deal with trying to make a dollar from mining in this high cost environment. Even a cursory glance at the last few years financials will horrify any potential investors. The dilution and dollars thrown away from their obsession to be miners almost buried MAT. Time to go back to what was working well.
Just keep it simple Paul. Let others carry the risk.

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So true what you are saying Red-frog .
But there are two things to keep in mind, the possibility that POG could sky rocket. The planets are lining up for Gold...it is only a matter of time now for lift off.
Another thing, is MAT could do some near surface mining...Last time they tried it, they got $5mil profit in 6 months.. I think they have couple of places to start off....
At the end of the day, Gold is the best play to be in now and in the future...

MAT Price at posting: 4.6¢ Sentiment: Hold Disclosure: Held
6 Upvote

0 Great analysis

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