Ann: Shanghai Metals MOU and Shareholding Update, page-8

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andres

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02/03/17

09:45

Post #: 23034614
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Originally posted by blister ↑

Why do I get the feeling that Shanghai metals wanted a platform for lithium and cobalt in Australia and are dangling the promise of AB to get the deal done. I agree this is good news but we always seem to start to move in the right direction then get distracted by chasing shiny "maybe's" instead of the giant elephant in northern WA. this flavor of the month stuff is getting a little tiresome. Just my 2c, sorry must have rolled out of bed on the wrong side, just this stuff doesn't get me excited anymore.... ho hum.

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Hi Blister - just to clarify, MCT has an MOU with CNFC Equipment Co Ltd - a holding subsidiary company of the zinc project development group China Nonferrous Metals (NFC) to review, finance, develop and construct Admiral Bay. (These guys are giants - worth googling)
MCT also has an MOU with Shanghai Metals to fund, develop and acquire Lithium Projects to incorporate Cobalt.
Different entities, different sectors.

MCT Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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