last weeks report wasn't great, probably more to the point it wasn't what the market was expecting.
however the money raised by this placement means a fast tracking of events and a move to a measured resource. two drill rigs operating is much better, results will come back a lot quicker.
nobody likes seeing others getting cheap shares and the timing is never to everyones liking, but with specs that just the way it is. $2.25m will advance the project and the further support from Aegis will eventually result in an AIM listing
MTX shares are at $1.20 today
will be intersting to see how the day ends, some strong support now after being hammered over the last couple of days.
AEX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held