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MTB Metals Corp V.MTB

Alternate Symbol(s):  MBYMF

MTB Metals Corp. is a Canadian mineral exploration company. The Company has six active projects spanning approximately 580 square kilometers 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

Bullboard Posts
Comment by charmed3timeron Jul 15, 2016 3:39pm
124 Views
Post# 25057216

RE:RE:RE:Nice Steady Climb!

RE:RE:RE:Nice Steady Climb!
arossblue wrote: Don't be surprised if Mr Bernard isn't an infiltrator from Jayden. His current trading could be a trick to get MTB shareholders to accept a low ball bid form Jayden.

unfortunately MTB's management is PATHETICLY weak, and the company needs some kind of new management. A merger could work, but doubt JDN would anti up.


You make a really good point, that's why IMO it might be wise to hold both JDN and MTB-- Better to have all the angles covered.

This reminds me of a somewhat similiar situation of years ago, when I owned (TWD) Trade Wind Ventures and there was speculation that Detour was intentionally suppressing TWD's share price so as to force us to accept a low ball bid. (Which we eventually did).

Now I know these two cases are not the same. Detour had an infinitely larger warchest than JDN has now too bully their respective takeout targets.

And I don't know if JDN would actually take out MTB, as opposed to just purchasing the remaining 20%.  Also too, as a MTB shareholder, I'm not in any real hurry to divest our 20% stake in silver coin. I see that 20% as a bit of an insurance policy for MTB-- Remember, it has all explo expenses carried by JDN.
Bullboard Posts