Proposed changes by the outgoing government are old news and...

Proposed changes by the outgoing government are old news and would have had a lot to do with MTH's weakening share price over the last few years. As Morgan said in the interview you linked, what he was discussing was referring to a post he made in August 2023 (date shown in the screen shot below).
He also mentioned that some of the new laws being contemplated at the time were subject to grandfathering. Eg, at the 3 min mark he mentions restrictions on open pit mining wouldn't apply to existing operations. At the 5 minute mark he said a lot of these proposed changes by the outgoing government are not in law yet and will likely be challenged by the courts with the incoming government. It might be that the new government coming in is why the market has now re-rated MTH so much. The sp fell a long way with the old government's proposed changes. The prices in the chart are out because of the consolidation but you can see how much the sp fell with the proposed mining laws under the last government. That sp slide was despite excellent drilling results and a very high grade maiden JORC resource. The proposed changes also led to a pause in the company raising funding and in exploration with a big gap in the announcement of drill results between August 2022 and earlier this year. There was a big gap in news during that period.



5 year chart shows the impact on the sp of proposed mining law changes. The sharp recovery on the far RHS follows the change of government.
Importantly, a cr in June this year bringing in a new cornerstone investor and having directors contribute, was done at a big premium to the sp at the time. They would understand the current risks with the incoming government.
"Mithril confirms firm commitments for a capital raising of A$3.7M at $0.20 with cornerstoneinvestment by Jupiter Gold and Silver Fund (Jupiter) and a 29 per cent premium to last traded shareprice• Jupiter has committed to A$2m for ~10% holding in Mithril and having completed a site visit inOctober 2023 (see details about Jupiter below)• The Directors of the Company have committed to subscribe for $100,000 (directors recentlysubscribed for $572,500 in the March 2024 placement)"