Latest prospectus reference:
As set out in the Company’s Quarterly Activities Report released on 30 July 2020, the Company is aware of a claim filed in the United States District Court for the District of Minnesota in relation to the Company’s previous activities, at which time it operated under the name Portland Orthopaedics Limited. The Company is currently seeking advice from US legal counsel on the matter. The Company will keep the market updated accordingly.
September quarterly: "....MCT is seeking to have case struck out".
Maybe they will update at the AGM?
Suspect value is driven by the Earn In Terms:
MCT to spend minimum $500,000 before withdrawal and $5 million over up to 5 years to earn 51% of the Projects.
Upon 51% earn in completion, NME and MCT will form a co-contributing joint venture to develop the Kookynie and Yundamindra Projects
MCT does not get to own the projects outright.
What's next for MCT, page-15
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $8.97M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.331K | 665.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 61861303 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 63748411 | 62 |
View Market Depth
| Last trade - 12.29pm 03/06/2024 (20 minute delay) ? |
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Last
0.3¢ |
Change
-0.001 ( 25.0 %) |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.3¢ | 0.3¢ | 100000 | ||
| Last updated 10.56am 03/06/2024 ? | |||||
| MCT (ASX) Chart |