have to admit, i expected a better response from the market to...

have to admit, i expected a better response from the market to the news of the mining permit.

for all intents and purposes that seals another $20 million USD into the offer announced in January/February of 63.7cps equivalent all inclusive.

the price of gold is up significantly since then, it reads there are several other interested parties negotiating with minmetals - you would think the offer/s should only increase?

im seriously scratching my head why the market is this apprehensive. sure, any deal is not in the bag until its signed, sealed and delivered but why this heavy a discount? you could argue, there should be a speculative premium factored into the sp given the outperformance of gold in recent times.

if its a credibility issue i am unaware why? mtc have already proven through wr1 they are capable of accumulating quality assets. my impressions of gino d'anna is that he is extremely switched on, motivated and has skin in the game.

thoughts?