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4.8¢ mtm critical metals limited

So why do you feel the market jumped all over it when it ran to...

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Ddog157

2,005 Posts.

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29/10/23

08:40

Post #: 70597236
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Originally posted by wrighty64: ↑

While you really feel for those that have done their money on this you really only need to understand the facts behind why.
Geomega whom sold them this tenament have a fully drilled proven resource under Canadian reporting codes 7 km away that has sat idle since 2016.
Why that is because its way to low grade way to deep and is a nightmare to process in that it requires acid and heat to liberate from a latralite orebody.
Large carbonaitite hard rock resources like this are un-mineable you will go broke digging it let alone trying to process it.
the remaining drill results will count for nothing but more pain and buying more ground of the same rubbish will add more.
The only hope is what they have in W.A and push the exploration on that. Then run as far from Canada from this shiteshow.

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So why do you feel the market jumped all over it when it ran to 20c not all that long ago?

Those comparable depths and grades you mentioned hasn't changed and the market clearly knew then what they were buying into.

Is it really just that or perhaps other factors that may be responsible?

MTM Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.8¢		Change -0.002(4.00%)		Mkt cap ! $13.49M

Open	High	Low	Value	Volume
5.1¢	5.1¢	4.8¢	$22.13K	449.0K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	104166	1

View Market Depth

No.	Vol.	Price($)
1	50000	0.047
2	85000	0.046
2	36500	0.045
1	11500	0.044
3	40212	0.038

Price($)	Vol.	No.
0.048	104166	1
0.049	100000	1
0.050	100000	1
0.051	116352	1
0.055	100000	1

Last trade - 14.23pm 10/09/2024 (20 minute delay)

MTM (ASX) Chart