Hi MattoThat is fine to form that opinion,I have found that not...

Hi Matto

That is fine to form that opinion,

I have found that not many around here are willing to dig into MRC to see what has caused all of the issues, they are more than happy just to blame the current board. As Fjord has already pointed out, The previous CEO was paid over $1mil in dividends plus received an annual remuneration over the past few years of around $2mil, Fjord also wasn't able to confirm any investment back into the company when MRC needed funds. Don't you think it is odd, that he wasn't even willing to chip in a few dollars to protect his $16-20mil investment?

IMO, all of the issues MRC has seen started under the previous CEO's management, he and his associates are also the ones who have pushed the SP down to where it is today.

The current board has resolved the issues at Skaland and is soon to resolve the issues at Tormin to process the higher grade mineralisations, They have a more experienced CEO. Solved many of its environmental issues and its legal disputes, plus they are advanced the additional prospects to commence exploration of the inland strands, Could these have been solved under the previous CEO? Maybe, we will never know.

Anyway, MRC has an MC of $51mil and it has two income-producing mines, its asset backing is approximately $60mil.
The company has already forecast its annual production at Tormin will be significantly higher than 2021, which will significantly increase the companies revenues, one can also assume the OPEX will be significantly lower due to the processing of the ~400k tonne that has been stockpiled and the Inland strands mineralisation is only 1km from the plant. when you consider Beach 10 is 27km away (54km round trip) from the processing facility. the cost savings associated with transport will be significant.