The problem with this end of the ASX (spec or small cap stocks)...

The problem with this end of the ASX (spec or small cap stocks) is any sniff of a CR and Share Prices generally are smashed well in advance to get potential new investors across the line.

My thoughts is that SP needs to be enticing enough to attract new money or new investors will not come on board.

Unfortunately it is what it is.

Just need to hope that you hadn't overcommitted large amounts of capital as initial or early investors because long term shareholders as often initial or early company backers, investors are the ones who are well under water so that new money can make money rather than loyal shareholders.

I hope this is not the case with MCT, but where is the money going to come from to progress drilling?

The legal issues recently wasted in my opinion a lot of time, energy and importantly money that could have been better directed, this may have impacted the SP.