I’d realy like to hear some opinions of others on my theory that Russell will be using MTC to forward his other company “Wodgina Resources” ?
It certainly appears that MTC is basically sitting there with little to no effort from the board to appreciate the company value in SP terms. But lots of land acquisitions.
So, does the board not give a sheet about MTC or are they preparing for something larger? I’m in two minds about this but it’s all just not adding up.
Why get rid of reikie and Cherie ? To save millions of performance rights ? ( around 7 million from memory)
Surely most of those performance right were basically guaranteed to be hit if there is a JV or merger of Wodgina resources and MTC ( if they realy are capable of $500 million plus acquisitions)
If the board realy didn’t care about MTC -Surely they would just leave the MD and tech director in their place and raise capital at whatever price they could. Then sit back and collect their directors fees.
Anyone with some other thoughts or opinions?
It all seems either very incompetent or very calculated
All in my honest opinion
MTC Price at posting:
6.4¢ Sentiment: None Disclosure: Held
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