Great comments Fjord,I couldnt agree more. Jacob is turning this...

First 308 Last

Share
Profile

Follow
spid81

16,276 Posts.

6927

30/06/22

18:08

Post #: 62303280
Share

Originally posted by FjordInvest: ↑

I am assuming you wouldn't be impressed either Spidey if they got pulled up on 10.11.3 at this stage either...

When the foundations of team backstab were weak from the start and undertaken in bad faith, then the outcome could reliably be foretold to be AUD $0.083 in the crystal ball by the oracle of karma.

Corporate skullduggery is one thing Spidey, but undertaking corporate skulduggery with a confidence greater than actual ability is simply just greed and stupidity.

If you were a holder prior, you would be disappointed they have not been able to bring any confidence and positivity to market that resulted in the share price bouncing back, (which the genius Baker said it would-in his announcement he noted it was normal for share price to fluctuate after such issues take place and then settle back up), or if you were a new holder post event then you would certainly be now disappointed on the same basis.

You are not a mining expert. You are a data merchant of some complexity and I think if you put your info all overlayed you would see tan effective way forwards is to sell all the South Africa Assets and keep a 20% (example only) royalty with a minumum guaranteed every month.
Same with Skaaland, excepting in Skaaland keep some managerial control.
The funds raised from this could be used for Mungilinup and MRC could proceed in a pretty steady fashion, a lot less overheads (and soreheads).
Assuming of course they could sell them and do more than an MOU for "due diligence on sale".

But as team MRC seems to be more concerned about defending their actions by way of stupid arguments contrary to reality, or in Jacobs case, trying to turn it around and become a saviour, then I imagine they will keep going down the futile path they are on.

Sell it all. Start again, Take a royalty, Make money. Share price up. Dividends back. Steady slow growth. Expand as and when is natural.

Expand

Great comments Fjord,

I couldnt agree more. Jacob is turning this ship around after the mess that was left by the previous CEO.

hopefully this qtr is positive after MRC secured the land owner permission to mine beaches 1-5, we have drilling soon to occur at munglinup. And the most important parts, we have 90 days for FID for active anode materials and Mitsubishi partnership.

MRC Price at posting: 8.1¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

GMD

Genesis set for higher gold production in FY25 and earlier mill start

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

ASX

ASX explains: How 'futures' are predicted

There are more pages in this discussion • 4 more messages in this thread...

First 308 Last

Add MRC (ASX) to my watchlist

(20min delay)
Last 2.6¢		Change 0.000(0.00%)		Mkt cap ! $25.59M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Great comments Fjord,I couldnt agree more. Jacob is turning this...

Genesis set for higher gold production in FY25 and earlier mill start

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

ASX explains: How 'futures' are predicted

Featured News

Featured News

Great comments Fjord,I couldnt agree more. Jacob is turning this...

Top Stories

Genesis set for higher gold production in FY25 and earlier mill start

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

ASX explains: How 'futures' are predicted

Featured News

Featured News