As much as I would like to share your optimism, I just cannot.
What did MCT pay for AB? How much work did they do subsequently to further develop/derisk the project?
Zilch. Nothing. Nada. Unless, of course, you consider the countless hot air announcements. For example, they hyped some sort of "directional drilling", which was suppose to reduce the cost of drilling out the resource by some margin. Again, nothing.
Now, the infamous three drill holes. How long has it taken? Still going?
This is a dud, mate. Get out. I am considering selling out (at any price) this week to at least register a tax loss.
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