Glad I sold yesterday for a pip loss, important to have stop loss in place to preserve your capital.
although on paper the drilling hits look good it was just way over priced at 3c hence why we have the massive sell down, at 3c the market valued MCT at effectively 80million MC ( hold 51% of tenements) way to much imo
as soon as I realise this I put a sell order in straight away and was lucky to get up with a small loss.
imo it’s only worth a 30 million MC or 1.2c for the heads
Ann: Outstanding Further High Grade Gold Results, page-172
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