I am a little perplexed by the so called long term shareholders view of MRC and its developments. I find it amazing they expect the SP to decline further, and the company is going to be taken over, yet they still hold shares.
I am more positive about MRC future, we all want MRC to develop its projects and the only way that can occur quickly is by raising funds to increase the projects profitability.
The company has already secured ~$4.4 mil in government funding, plus advancing its US$20mil loan to produce finished products, then this CR is looking to expand the mines production and increase the projects reserves.
Ann: MRC Secures Funding Support for Growth Strategy, page-63
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