MTB Metals Corp V.MTB

Alternate Symbol(s): MBYMF

Metals & Mining Industrial Metals & Minerals

MTB Metals Corp is a Canadian mineral exploration company. The Company has six active projects spanning 670 square kilometers (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. Its projects include Telegraph, American Creek, Red Cliff, BA property, Theia and Southmore. The Telegraph project is located in the vicinity of four porphyry deposits being advanced by mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 kilometers (km) from the deep-water port of Stewart. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. The BA property is a silver-lead-zinc mineralization located approximately four km from the highway. The Southmore is in the midst of some of the deposits in the Golden Triangle.

TSXV:MTB - Post by User

MTB Metals Corp

Bullboard Posts

Comment by arossblueon Jun 12, 2012 11:10am

137 Views

Post# 20003544

RE: RE: ITG BRINGING US DOWN

ITG is likely selling to ensure they get a cheap share issue, or to ensure the potential takeover candidate gets a ridiculously low takeover price! Right now they could announce a takeover bid of 10 cents, and most would just take the 10 cents and walk away. It would be a premium of 75% over MTb's 100 day trading avg. As pathetic as that sounds, don't be surprised if it happens. Strong management wouldn't let this kind of stuff go on, but we aren't dealing with Strong management here.

I'm pretty sure managment is looking to do a 3 way merger with MTB/JDN/DEC. All the shares would get rolled into 1 company. MTB shareholders would be diluted down to about 30% of the company, Dec 30%, JDN 40%. Maybe 33% each?

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