The continual reloading of sales around the 0.01 to 0.013 mark...

The continual reloading of sales around the 0.01 to 0.013 mark has been relentless so far. Looks like a major wash out of unhappy long termers, short termers and perhaps some of the larger holders.

After re-reading the quarterly there are many newly issued shares with perhaps some being washed through the cycle presently.

ASX RELEASE: 30 July 2021
Security Issues, Lapses and Conversions
"57,652,778 Listed Options (ASX Code: MCTO), exercisable at $0.004 on or before 22 May 2022 have been converted to Shares during the quarter for $230,611. The Company issued approximately 300 million fully paid ordinary sharest o Sophisticated Investors at an issue price of AU$0.01 per Share to raise gross proceeds of AU$3 million during the quarter. In addition, the Company issued 21,000,000 Broker Options (ASX Code: MCTAY, Unquoted Options) to Canaccord, the Company’s lead manager on the Placement, exercisable at AU$0.015 per Share and with a 3 year term to expiry."

Waiting patiently for the MRE and news on the next drill programme.