What's next for MCT, page-91

First 91 Last

Share
Profile

Follow
AppinTR

411 Posts.

164

16/03/22

18:43

Post #: 60233690
Share

Originally posted by m0ngy: ↑

You can make me a fair or generous offer for my vintage car. You can fully justify the sale. You can ridicule me for not snapping up your offer.
But I don't want to sell my car, it has intrinsic value to me.
Yes but NME should be representing its shareholders (let's get ASX real here).
NME aspire to start a mine and they have the processing rights. The BoD is very attached to this aspiration.
Ergo they don't care what offer they get, they are in this for the prestige and the dividend,
They are not alone or unusual in this. The Rox BoD would never sell, they see themselves with a billion dollar mine down the track.
IMO it is timely to consider options if the GM at the end of this month does not deliver as hoped for by the MCT directors.
This has to become thinkable, MCT must consider this so they are not caught flat footed.
IMO if the GM fails it would be timely to end this hostile TO and try to repair a woking relationship with NME.
If that could be achieved the SP would dramatically respond.

Expand

m0ngy imo I don't see NME doing anything productive anytime soon despite aspirations. I see asset value in the company, I really do not believe the current Bod would ever be able to run a mining company proficiently. I don't even know how the tailings processing is coming along.... News flow from NME just seems to stop.
I could say much worse but I will be respectful.
IER will be presented to market soon and we can compare the 2 IER's if both companies do produce them? after that MCT will have to bite the bullet and make an offer that can't be refused or back out of the TO & mend the relationship somehow.... I don't see this as an option for them.
The GM will be predictable, wheels set in motion now for change but NME have time up there sleeve for now I believe.

MCT Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
5 Upvote

1 Great analysis

Reply