We're all pissed off rick, and we all feel the same way. But my question was whether another Chinese company would be interested (obviously I was referring to the project level sell down).
Im trying to get to the bottom of exactly what MTC are trying to achieve and the actual likely hood of them achieving it. ...And what they have stated they are trying to achieve is - A project level sell down of the Lithium tenements. More opinions shared - the better ...IMO
It does seem like a very strange company strategy though - buy as much land as possible till you have barely enough cash to get to the next cap raise - Aim to farm out / find interest for a project level sell down to avoid dilution in the future - then dilute the company interest in the Lithium tenements anyway .... I dunno… There has to be more happening behind the scenes that we don't know about.. it just doesn't make sense otherwise.
Im convinced that the company just bought up more land recently to purely use a 10 project sell down, rather than a 7 project sell down... sounds a lot better in the next investor presentation to the Chinese/instos.
Anyone else like to share their thoughts ?
MTC Price at posting:
9.6¢ Sentiment: None Disclosure: Held
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.... I dunno… There has to be more happening behind the scenes that we don't know about.. it just doesn't make sense otherwise.
(20min delay)