MTC metalstech limited

What announcements can we expect to look forward to here? Due...

  1. 5,505 Posts.
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    What announcements can we expect to look forward to here? Due diligence completed and option to purchase exercised? Gold focused cornerstone investor signs MoU? JORC 2012 exploration update starts, then another for completed? Permits issued, did I see Moran mention something about an open pit? Previous permits were issued for underground mining. There are a number of upcoming opportunities for traders to pump this stock and many bags to be made along the way. Many bags were made this week for some, the turnover on Wednesday was greater than SOI. For me the short term looks all about at what level the 30 day VWAP is desirable for the Board to be set at for the vital capital raising so they can retain control of the company and aquire enough funds for their Directors fees, consulting fees to related parties, expenses, working capital and advancing the project if it is purchased after DD. It can’t be set too high or it won’t be attractive but at this level a $5m cap raise would see their holdings diluted by half and that would make them vulnerable to a spill of the Board or motions being voted down over salaries and performance rights etc. In no company where a Chairman doesn’t have complete control could a Board expect to issue said Chsirman a 2% Net Smelter Royalty IMO. Our Board doesn’t have deep pockets and if they lose their positions on the Board they lose their fees
    Last edited by rick26: 22/11/19
 
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Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $27.13M
Open High Low Value Volume
13.0¢ 13.0¢ 13.0¢ $38 295

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No. Vol. Price($)
2 78727 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 257858 2
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Last trade - 10.54am 26/06/2025 (20 minute delay) ?
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