I liked the previous day's announcement, I did say that I expected the exploration update to be integrated and 'fun-packed' rather than separate but I'm not going to get upset over getting that bundle of fun later.
Other than that everything in the quarterly was as expected to me.
I said this ages ago on here:
View attachment 1213822
I haven't made the separate post yet and will probably save it for a more relevant time but the exploration rebates are just the start of what I discovered back then, there's a lot more benefits over any other jurisdiction I know of that will make a very big $ difference long term.
I believe every company's success assuming favourable external conditions is almost entirely dependant on just the mineralization and the management/geology teams having motivation+competence.
I'll still be bullish until:
a) The geology turns to ash
b) The founders dump their 40% of the company, indicating lack of confidence in their own competence and their geologist's ability, as well as eliminating their self-interest/motivation (They've done the opposite by topping up recently)
c) The price exceeds the company's probable profitability (
long way to go on my metric)
As for the ability to raise further funds, consider that for most of this week there was ~$30k of total volume available even at a 50% premium to last traded. Of course some additional selling volume will appear as the price rises but considering BCC+CR was $3,220,000, would you expect those people to lose sleep at
1% of that amount available for sale a few months after their investment?
In come capital raises where massive volume and exposure is available without paying more than everyone else is paying. If you had $200k in MTC right now, would you top up 30k to drive the price up so you can see green in your paper gains or would you resist the bargain price so you can hope the price stays as low as possible so your additional $200k in the next capital raise goes further?
Driving the price by buying that 30k serves absolutely no purpose other than making the paper gains on your portfolio look good when the wife asks to have a look, because there is not going to be $400,000 of favourably priced volume at this stage of a nanocap stock.
Sitting on massive, wildly swinging
paper gains and
paper losses is just standard nanocap investing, I would be very surprised if anyone involved in a capital raise doesn't expect that and uses recent price action as an indicator of performance. I'm surprised everyone mentions this price fall as if it's isolated when a massive amount of battery minerals companies have drifted all the way down 50-80% in the last 6 months, some more understandably than others due to their massive overvaluations and some with selling on truly concerning high volume.
So yes, I believe it'll be easy to raise more money at favourable prices considering MTC is only bigger, better and more advanced since all previous CRs. If the upcoming Cobalt results get the right exposure/traction on social media before then all existing holders get a passive yet powerful gift in much less dilution from that.
(20min delay)