Management crimes according to those who share that sentiment:
(1) Said they’d drill Terres des Montagnes and other targets during 2017 but instead acquired world-class Cobalt assets in Ontario that are so good they are company-making (iCobalt) on their own;
(2) Spinning out iCobalt with no immmediate in-specie distribution sugar-hit. I discussed this here:
(3) Being relatively new to lithium exploring / mining. Boohoo, so was KDR management and so have been many directors and executives of lithium juniors.
As KDR has proven, it’s the ability to make good decisions as you go (in response to new challenges and opportunities) that matters.
MTC’s Directors were presented with cobalt opportunities they could not ignore, and they seized them rather than drilling everything (ie. the lithium targets) all at once. They could afford to delay drilling a little since MTC targets contain lithium near the surface anyway.
I am of the view that our SP is low not because shareholders aren’t happy with management, after all I don’t think any T20s have left have they, I think it’s more to do with (1) a tight share register which means thinly traded (2) lithium sell-off due to Morgan Stanley February fear mongering (most lithium stocks went down in Feb) and (3) Dynavolt pull-out, presumably (based on what I’ve read) due to their own capital constraints.
Right now there is no selling volume and our chart is improving by the day.
@dion222 once BCC remits the $1.8m forthcoming, I wouldn’t be surprised to see a rally by those wanting to secure priority rights to iCobalt.
Where else can you get Cobalt assets that good for a MC of less than $10m?
Easy money for those who get in imo
All personal opinion, pure speculation, not advice, dyor etc
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