I've declared my connection: I hold stock, and I'm keen to keep holding stock.
As for Xray's comments, I just see this entry of midcaps into partnerships with juniors happening more and more. Think about why this will continue: the market is cactus, and people are seeing metal prices slaughtered. The average investor won't put money in to MTB or a host of other speculative stocks until the uptrend is in full swing and their 15% discount might turn into 20% or more. They are worried the 15% will turn to -15% in a day's trading. Its not the right time for anything except small tactical $500K raisings to tide an explorer over till it can raise more.
This leaves a company few options. They can do a pro-rate issue, but that takes time. They can seek a midcap, but that too can take tme (and see prev. comments re: controlling stakes, etc). Or they can find a broker who'll do it regardless - and thats a broker with big cojones, regardless of whether you have a heap of gold or a heap of lead.
As for Xray's comments about the economics of the Kihab deposit or not, well, you're entitled to your opinion, but if it's such a load of cack sell out and stop complaining, perhaps? Take the loss and hare into dividend payers. I've heard a phrase about kitchens and heat...
As i said in the other thread, this last drill hole shows that some zones and 'pods' are getting to 7% combined. In my opinion, and I'm probably wrong so don't go crazy, that's looking encouraging.
- Forums
- ASX - By Stock
- in reply to blythefan
I've declared my connection: I hold stock, and I'm keen to keep...
Featured News
Add MTB (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.947M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 63304486 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 22596873 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 63304486 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 22596873 | 7 |
0.003 | 9674034 | 12 |
0.004 | 8597931 | 14 |
0.005 | 6694426 | 6 |
0.006 | 2250000 | 5 |
Last trade - 16.12pm 22/07/2024 (20 minute delay) ? |
Featured News
MTB (ASX) Chart |
Day chart unavailable