I have heard a few messages coming from Diggers that the directors of these Midcaps are looking around for things to get involved in. But this also relies on the small caps, not just MTB but other unloved ones as well, putting aside their concerns about dilution, and putting together a good sell on their projects, and letting the midcaps do due dilligence.
Now, I'm not saying any oe of these small explorers in particular hasn't done as good a job of exploring and evaluating as it can. Often deficiencies aren't the fault of anyone being crap at their job, but of having underlings who aren't...perfect, lets say. Skills shortage, anyone? So, often the small cap explorers may not have perfectly squeaky clean databases; information may be poorly compiled, poorly presented. And inviting in external peope to do due dilligence can be fairly hairy if there's not a lot of trust built up. Also, preparing a data package revealing enough to get the potential competitor/predator interested but not too interested or not so interested they stake out all the exploration ground you're looking at...it can be tricky, and time consuming.
So, there's many reasons why MTB and other small caps like it aren't making these deals. I even suspect some of the cashed up midcap producers might be rich and rolling in it, but their management might be reliable yet stodgy, and so what we can see as a great opportunity they ma see as too risky, not worth it or just too time consuming.
I guess we can only phone up the company, make our opinions known, bu not in an angry or desperate way. I don't think that a company like MTB really needs people phoning up exasperated asking "Why aren't you being crazy and making decisions NOW?!?!".They need to hear why you're still holding their shares: because you obviously still trust the long term potential. You'd just like to see some new funding and partnering strategies investigated as a way of growing your wealth.
Or that's my ten cents.
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