I have been asked by a friend to have a look at Mount Burgess and their Kihabe deposit.
With the recent fall in Zinc prices I have to say that the project is marginal...given the low grades.
Also reading HC posts and research for MTB I am just amazed at the incompetence of management.
Nigel surely must take the blame here.
Capital raising after another ... and Suntrader is correct ... no drill results and its 6 months into the year.
I am definitely not investing in this stock with a 10 foot pole.
Why don't shareholders get a petition to remove the management of MTB. I have seen that State One has done the last placement so I am assuming that they will hold a few shares hence votes. Then the new problem would be ... who can then take up the job.
Soem of their ground I admit is decent but there seems to be a lack of any development.
Or another solution is force management to sacrifice salary ... liek pay 5million options each at 10cents, 15cents, 20 cents and so on.
I am sure many people have worked hard for their investment money ... therefore the people to take care of this money must get results.
No Results...No Job
MTB Price at posting:
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