MTC 4.35% 22.0¢ metalstech limited

Ann: MetalsTech Commences Diamond Drilling at Cancet Lithium, page-251

  1. 5,091 Posts.
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    The company is making us wait for those visuals, longer than previously indicated, which is frustrating.

    I understand however, that they are working on announcements which may determine the companies future, at a moment when it's both proving its first resource body and seeking finance to both develop it and conduct exploration of its other projects.

    Perhaps promising us the visuals by this stage of the drill was a mistake if it they be delivered for some reason.

    However the company did indicate it's received offers in China, not yet accepted in order to get the best deal possible, whilst in the middle of a drilling campaign. I speculate that this might be based on early results, visuals, not yet released to the market. If it looks promising then waiting will provide a better deal. If it didn't look good, perhaps accepting early offers for offrakes and finance would have been the best decision on behalf of shareholders
 
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