You're statement was accurate, not sure why'd you would have a change of heart 4 weeks later when it's come to fruition.
Moving to the general vibe of the rest of the forum now flooded with people who missed an opportunity for 50% or those who lost some money and now have the pitchforks lit.
A lot of stale non-holders/holder still looking to blame anyone for their own investment choices.
Bit of context; You're investing in the spec exploration space. Long term success and shareholder wealth, usually means progressing the right assets at the right time and realistically 1/100 projects make it from exploration to mining. Meaning most resource stocks you invest in will not ever make it too mining. So the idea of plunging 10k and hoping waiting 3-4 years will turn it into 100k is misguided and naïve. Most stocks will raise capital and dilute shareholders wealth. That's reality. It was like buying lithium in 2019 and early 2020, bar 1/2 stocks you were losing money. Terrible sector at that time - not all the directors sucked, but most threads would have you read otherwise. The same directors were being idolised in 2017 when everyone was making bank, then turned on them when the sector turned about all the things they should/shouldn't have done.
Can appreciate people are frustrated having lost money in the past but realistically have seen this across so many stocks where people curse the directors. Well what about the investors who have been involved since the sturec acquisition era. If you've been smart a lot of chance to have invested a portion of money and sold more than half to protect the remaining capital. The development action has been very good, lots of drilling fantastic results, JORC upgrade coming soon and followed by various studies. Now a commercial opportunity with the lithium project in an improving sector. Was probably a lot of people saying sell that 12 months ago when lithium was in the toilet. Potentially a good call to hold onto it right, good foresight to see that lithium would potentially comeback into popularity. Great management work there.
As i have pointed out on various occasions there's been opportunities to top up and decrease exposure take profits etc. Post #:51225566 where i indicated having sold some stock at 20c because the price movement suggested so and that 15c and followed by 12.5c was a potential support I'd target. then 12.5 to 17c+ today was 50% return. If you timed it even better 10.5c-20c. low SOI shares will have those kind of swings.
People can sook or they can take responsibility. If the directors didn't meet expectations back in 2017 and you've continue to hold then that's your own fault, either sell and protect capital or play the hand being dealt. To re-iterate 1/100 stocks probably go from exploration to mining, if you don't make money on the 99 duds it's almost definitely to do with your timing and choice of stock than it does the management running it.
Hopefully we get clarification on the opportunity Monday and can resume normal trading with buyer interest likely increasing as quite a few prospective investors will now be looking over the opportunity MTC presents, which I think is very good. If in time it all turns to shight and i lose all my money, I don't care. I've taken small profits, protected some capital and not overexposed. In that event, what I won't be doing is blaming someone else. It's risk vs reward - not every bet is a homerun. Limit the losses and capitalise on the winner.
Not a puzzle.
SF2TH
MTC Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
(20min delay)