I am starting to feel like last few days price action is setting up for a CR @ 5.5c range to investors.
Presentation snapshot in NA preso SP was at 5.8c hardly relevant but may be ok for 5 day VWAP.
Why am I bullish on MCT? Because Zinc is @ 10 year highs and looks to stabilize.
Projects become attractive & de-risked for margin erosion.
Founders, management have 27% of the registry - will always work on protecting that. Shanghai Metals 9% at higher share price - De-risk my investment being diluted to nothing.
China MinMetals Zinc Testwork Delivers Outstanding Results - De-risked
China NFC Zinc Project Study Delivers Positive Results - De-risked
MOU for development, engineering & financing of Admiral Bay - What happens to SP when this turns into a binding and funding agreement? The PFS etc. are being completed NOW.
"— Admiral Bay Joint Venture discussions continuing throughout Asia, Europe & North America"
So that derisks my investment enough for me to accumulate for sub $30M MC.
Great location of all projects and infrastructure well established - De-risked.
Bonuses:
Drilling at the Kyarra cobalt discovery in March - This could re-rate the SP.
Lennard Shelf acquisition followed by aggressive resource drill program in March 2018 - They have advised they can potentially self fund this project near term. WOW.
Further Lithium exploration drilling at Pilgangoora North & Wodgina South projects in 2018 - Good results good re-rate SP.
Best explorer on the ASX from a risk-reward perspective imo!
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Last
2.7¢ |
Change
0.003(12.5%) |
Mkt cap ! $16.70M |
Open | High | Low | Value | Volume |
2.5¢ | 2.9¢ | 2.4¢ | $131.9K | 4.955M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 160000 | 2.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.7¢ | 434304 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 160000 | 0.025 |
3 | 1280450 | 0.024 |
7 | 1457391 | 0.023 |
5 | 692206 | 0.022 |
3 | 1660167 | 0.021 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 434304 | 3 |
0.028 | 206628 | 3 |
0.029 | 263524 | 3 |
0.030 | 940928 | 6 |
0.031 | 766171 | 5 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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