New energetic management with a focus on exploration.... just need cash.
I know I’ll cop flak for it, but I still believe AB will be mined one day. More work needs to be done but it’s potentially a nice ROI for the right buyer (could be more upside in size of resource and grades pending more work). We paid what, $4M odd for it ? $55-$60M worth of historical expenditure and stacks of data .... I’d be honestly surprised if they couldn’t quickly sell it for at least $2M ... even better if we still had a stake.
Would essentially mean the last 4-5years has been an absolute waste of time for the company, but difficult times call for difficult decisions and that cash could be used to gain some momentum.
I know they’re working for a result either way and they know the hurdles ahead..... but an announcement in the coming days/weeks with a plan is needed or else we face the prospects of more selling as funds dry up.
Plenty of work for Jason and the team, but I’ll back them. He knows the score and doesn’t seem to be the type to be looking backwards or playing the blame game(which I can respect), but rather forwards and for solutions that involve exploration and actually adding value
Time to pull a rabbit out of the hat ..... every single shareholder deserves it IMO.
Cheyne
MCT Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
