My point is pretty obvious. As detailed in the latest quarterly it is fast approaching a point when the cash will run out and they will need to find more or be trading whilst insolvent. Either debt, capital raise or a deposit from a sale. Possibly the easiest and cheapest option for the Chinese company supposedly willing to pay 50, 60, 70 cents per share would be to just sit back do nothing and buy the project at a knock down price from an administrator.
Whilst some exuberant posters may think its all one big conspiracy theory with capping and manipulation to keep the share price down maybe its just more shareholders, possibly some of those consultants paid in shares instead of cash are just not true believers, so there are more sellers than buyers and subsequently the share price goes down. I do hope the next announcement is Sturec agreement signed, deposit received, rather than what the owners of the Sauvolles Lithium project received, deal Terminated!
MTC Price at posting:
18.0¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)