MTC metalstech limited

Gold Discovery Potential of the Cancet Lithium Property, page-198

  1. 5,505 Posts.
    lightbulb Created with Sketch. 300
    The following is my opinion:

    In addition to what are in my opinion clear examples of breaches of the duty of disclosure by not informing the ASX of the particulars of the legal action against MTC regarding it allegedly being over the resource body we have drilled at Cancet, as per court documents detailed on this thread, seen by many participants and available to all from BC Courts, I consider the alleged failure to comply with the terms of the sale contract of those claims under legal challenge, by simply making a tiny anniversary payment and releasing Schuss's shares from escrow by the date stipulated on the contract to be 'failing to discharge the duties of directors with reasonable care and diligence'. This could potentially open up Directors to potential liablilty to compensate the company and/or additional civil penalty provisions. Either way I cannot see how their directorships can remain tenable going forward. I hope shareholders take this into consideration in the General Meeting we are considering calling to spill the Board and elect new directors.

    Again, that was all my opinion
    Last edited by rick26: 17/05/19
 
Add to My Watchlist
What is My Watchlist?
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)
Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $27.13M
Open High Low Value Volume
13.0¢ 13.0¢ 13.0¢ $38 295

Buyers (Bids)

No. Vol. Price($)
2 78727 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 257858 2
View Market Depth
Last trade - 10.54am 26/06/2025 (20 minute delay) ?
MTC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.