Australia's largest stock trading and investment forum Australia's #1 stock forum

MTC

Click for more information

3.23%

15.0¢ metalstech limited

MetalsTech (ASX:MTC) identifies visible gold at Sturec, page-29

First 29 Last

Share
Profile

Follow
Maxi11

1,283 Posts.

54

09/03/21

16:12

Post #: 51633959
Share

Originally posted by seaemay: ↑

From my experience managements of companies don't seem to give a stuff about their SP falling. When they need more cash, as MTC will soon, they just raise it at a lower level and dilute the registry to buggery. Why do they care, as long as they keep their well-paying jobs? It's just the small fish like us who feel the pain. The way this is going they may be raising at about 7.5c in May. Really it's not a great surprise, though, because the writing was on the wall before Christmas. Good assay results would come out and push the SP up 25% and then within a week the gain was all gone. It was only the fact that late last year results were coming out regularly that kept the SP up around 20c. Since then no results has meant sellers have seen no reason to continue holding. It's got so low now that whatever the promising results from holes 3-6 added to the SP has been completely erased, as if no drilling was done at all. Can it come back this year (to 20c)? Somehow I doubt it, particularly with the gold price on the slide. MTC now looks like a lead weight on everyone's portfolio for the foreseeable future unfortunately.

Expand

I agree with everything you have said.

MTC Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce progresses testing of gel to treat bacterial skin infections

STK

Rogozna grows with gold equivalent grading 1.1g/t across 545.7m for Strickland

LU7

The Breakdown: Lithium Universe talks refinery design and lithium processing in strong preliminary feasibility study for Bécancour

TTT

Titomic jumps +6% as it incorporates Microsoft Hololens tech

AHK

Ark Mines provides strategic update following mining lease submission

There are more pages in this discussion • 53 more messages in this thread...

First 29 Last

Add MTC (ASX) to my watchlist

(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $29.55M

Open	High	Low	Value	Volume
15.5¢	15.5¢	14.5¢	$29.37K	193.9K

Buyers (Bids)

No.	Vol.	Price($)
5	47208	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	10000	1

View Market Depth

No.	Vol.	Price($)
5	47208	0.145
3	32200	0.140
1	10000	0.130
4	98250	0.120
1	10009	0.100

Price($)	Vol.	No.
0.150	10000	1
0.155	44429	1
0.160	31250	1
0.170	60600	1
0.175	4000	1

Last trade - 11.49am 09/10/2024 (20 minute delay)

MTC (ASX) Chart

SPONSORED BY