The uncertainty and negative sentiment on this forum has been a bit unnerving lately, but it doesn't seem like posters have been contacting the company for more clarity. I sent MTC an email yesterday with some questions and Russell Moran (Executive Chairman) was very responsive and helpful. Here are some of his comments:
MERN Transfers
The MERN Transfers have been processed as per the last announcement. The Company will be re-confirming this in an announcement on Monday. We believe both BCC and Dynavolt are as eager as we are to complete.
Adina/Cancet
The Adina exploration program is on track, we have already commenced preparations.
We chose to delay Cancet so as to be able to gain summer access prior to the next round of drilling. This allows us to complete certain pre-drilling investigations so as to maximise the cost and geological efficiency of the next campaign – this was only recognised as a necessity after we received results of the last drill campaign. This can only be completed when the snow has melted unfortunately. The decision was made easier by the fact that we can complete a solid drill program at Adina over the winter without further summer investigations. We also ideally need either Dynavolt or BCC to complete on their investment in order to drive exploration at both Cancet and Adina as hard as we would like.
Russell also ended with a word of warning about getting caught up in HC rhetoric. There are many entities out there that would benefit from propagating negative sentiment and suppressing the price (as well as the opposite), so always keep that in mind, stick to facts and DYOR
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