I have an uneasy feeling that bag shareholders are going to get screwed on this one. We are looking at maybe a combined market cap of $15M for both NME and MCT if you think shares are currently worth $0.002.Beer money for some silks.
Best case scenario, MCT pulls a rabbit out of its arse at Mt. Surprise or Georgetown before they run out of money. Share price goes higher, cap raise, and we live to live to fail another day. Tick tock...
Bad case scenario, I wouldn't be surprised of some bodies are hoovering up millions of shares and take both of these shit-shows private.
I was in NME a while back but bailed while I was still ahead. Seemed like some egos might be getting in the way of doing anything productive, but I don't know the inside stories.
Such a sad case given that gold is finally moving higher. GLTAH, we're going to need it...
MCT Price at posting:
0.3¢ Sentiment: None Disclosure: Held