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

MTC

Click for more information

4.55%

21.0¢ metalstech limited

I agree with everything you have said.

First 29 Last

Share
Profile

Follow
Maxi11

1,258 Posts.

47

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

AIZ

Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

KSN

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

Super PITch gold sponsor RSM Australia: Can Diggers & Dealers 2024 be key to reinvigorating IPO activity?

MTL

Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

NWH

NRW Holdings voted Wealth Within's hot stock tip

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 21.0¢		Change -0.010(4.55%)		Mkt cap ! $41.28M

Open	High	Low	Value	Volume
22.0¢	22.0¢	21.0¢	$15.69K	73.26K

Buyers (Bids)

No.	Vol.	Price($)
1	33882	21.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.0¢	28789	3

View Market Depth

No.	Vol.	Price($)
1	33882	0.210
3	26627	0.205
1	50000	0.200
3	56000	0.185
2	22888	0.170

Price($)	Vol.	No.
0.220	28789	3
0.225	24522	3
0.230	720000	2
0.235	10000	1
0.240	4000	1

Last trade - 15.59pm 30/07/2024 (20 minute delay)

MTC (ASX) Chart

SPONSORED BY