Yes, I agree with that. I think MRC's disclosure of its operations is below par, they should be keeping shareholders updated on the activities at Tormin, I would love to see the company market itself properly.
I have raised this with one of the MRC directors, they should be tweeting (or using linkedin) images of the mining operating at Tormin inland strands, showing the significant stockpile of the material mined, and updating us on when they expect to commence processing the material. I would have thought now during a capital raising period would be the best time possible. IMO, with the lack of promotion they certainly don't want our money, if we can take anything out of the take over the action, it was most likely geared for AU mining to take up as much as possible of MRC for the smallest amount possible. There appear to be significant issues between Mark Caurso and Graham Edward.
I am not fussed by last night's announcement, I have been buying today and I do expect the CR to be a complete failure. Either way, we should receive enough funds from Au Mining to continue operations until the inland strands processing commences, all of the other items in the capital raising will be deferred until we start seeing revenues from the inland strand processing.
MRC Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
