MTC metalstech limited

3.85%

13.5¢

But we haven't even drilled at Cancet since when, October last...

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rick26

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06/07/18

15:12

Post #: 34191141
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Originally posted by Jarama ↑

If they took a straight shot at Cancet alone, the company would be a carbon copy of Sayona but with a 50% higher Li2O grade imo. Year to date SYA's market cap has quadrupled but holders are only sitting on one single bag which is dismal. Cancet's massively higher grade would only exaggerate the wastage to original holders through watered down ownership.

I wouldn't have my money on the line if I believed I was depending on luck, geology tends to be reasonably predictable to fall within an expected range based on surface results, trenching, drill results, and some good old 'near-ology'.

Any investor who has ever heard of MTC doesn't know that Bay Lake and its extensions have had dump material assays of 2.14% Co, 0.11% Cu, 0.48 g/t Au (that's right, GOLD) and 1,740 g/t Ag. Or that a single hole drilled in the 1950's hit 7.95% copper.
This is why, as you say, the price has drifted lower than the IPO.

Most investors (traders) don't hold large enough positions for long enough in microcaps for them to spend hundreds of hours looking closely at a company and historic results. This is why there are companies with higher EV's form their Market Cap than MTC which are pulling ridiculously uneconomic 1-4m at 0.05-0.08% Cobalt intercepts in barren Australian desert.

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But we haven't even drilled at Cancet since when, October last year? We've got the money, what on Earth are we playing at? How can we expect the market to take us seriously? It's July already.

MTC Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $28.17M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.5¢	$3.713K	27.5K

Buyers (Bids)

No.	Vol.	Price($)
2	67188	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.5¢	1000	1

View Market Depth

No.	Vol.	Price($)
2	67188	0.130
4	44619	0.125
3	138341	0.120
1	10000	0.100
1	10500	0.094

Price($)	Vol.	No.
0.135	1000	1
0.140	18675	2
0.145	126965	4
0.150	50000	1
0.155	35745	1

Last trade - 14.10pm 27/06/2025 (20 minute delay)

MTC (ASX) Chart

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But we haven't even drilled at Cancet since when, October last...

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