Cheyne,Sorry mate about share price. I think Jason is a top guy....

First 21 Last

Share
Profile

Follow
micky78

2,892 Posts.

96

01/08/19

10:49

Post #: 39806373
Share

Originally posted by CheyneD: ↑

Just had a good read of the announcement, very well written and concise, detailing how Jason and the team plan to move forward now.

Clearly looks like ST traders were punting on results that would move the market, and dumped.... the sad thing is, the main objective of the drilling was actually successful and proved extensions, boding well for further drilling.... and this has been lost in the price dump.
Provided a good trading opportunity for many though.

The imminent CR, which is the elephant in the room, has also likely deterred many from holding until the next round of drilling .... which I’d imagine they’re going to be keen to kick off as soon as possible.

They have a plan moving forward and if they can just square away the next CR, we can look forward to some exciting exploration on what’s looks to be a great project.

Regardless, very happy with the work Jason is doing.

Cheyne.

Expand

Cheyne,

Sorry mate about share price. I think Jason is a top guy. IMHO he can turn the company around if share holders support him. I think holders should just ring him instead of focus on past bad history with previous manager. However, it will take one mighty effect to get this stock moving.

I think market is expecting much better results. Further, MCT has only $700K left in the bank. I understand those 6 holes were designed to study the structure of mineralisation. I think some holes should be focus on getting high grade hits to get share price up so easier to raise capital to do further drill holes.

Just IMHO

MCT Price at posting: 0.8¢ Sentiment: Hold Disclosure: Not Held
2 Upvote

1 Great analysis

Reply