based on history we are likely to see some news flow ( as they have some cash to spend, thanks to the recent placement) and we may even see some drilling in 2021, however, as far as I can see, there are NO positive fundamentals that indicate a positive company future or that the company is a long term investment proposition.
- management comprises of one very tired 75 year old who has failed at everything in his role as CEO of Mount Burgess over the past 40 years. Not one success. He has led the company through spectacular value destruction ( share price down 99.9%), he has fallen out with almost everyone who could have added value to the company, he does no respect shareholders and is self serving. - despite this he and his wife have earned a fat salary ( relative to what they do) every month for the past 40 years as shareholders see their investments collapse - The grades are VERY low; - There is no power;
I certainly wouldn’t invest in the company.
MTB Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held
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