Circa $18m market cap
Recent deal will give $6m cash for Sturec drilling and $9m of Winsome shares to be distributed as a specie dividend,
One might argue that Sturec assets are currently being valued at $3m. This is clearly incorrect I am expecting a massive re-rate here very soon.
The $6m will allow a huge amount of drilling at Sturec potentially taking MTC to the point where it is taken out for a large number.
This is a buy
All in my opinion
Circa $18m market capRecent deal will give $6m cash for Sturec...
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Last
16.5¢ |
Change
-0.010(5.71%) |
Mkt cap ! $32.48M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.5¢ | $5.097K | 30.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 51268 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 26500 | 2 |
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| Last trade - 15.43pm 27/09/2024 (20 minute delay) ? |
| MTC (ASX) Chart |