You guys are right, MST needs a contract. But MST a caught between a rock & a hard place. Raising money from a big invester has been always been held back by the notes. Then on the other hand no Government (even PNG) will hand over millions in a deposit when they look at MST & where they are finanical.
So now MST are looking down the barrel, again. They are on the edge of becoming successful, as Lee pointed out in his offer letter. I feel that's now obvious. Again asking shareholders to come up with the goods. I believe it's a big ask of them. But who else.
However it also a great opportunity, buying at .003 to hold your percentage or more, & I'm not flush with cash as is many others. If shareholders take up the offer it also helps us & the board keep control. Which is one of a few things that I prefer.
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