Charles Taylor Group PLC CHTYF

Good Michichi assets, management has questionable competence

[stockfy]

As we know, MQX current management (i.e. CEO Bin Vu etc.) is mainly coming from AOS and numerous shareholders had expressed their concerns about their competence and whether they had truly worked for the AOS shareholders. Originally, they didn't do the best things for the AOS shareholders when they were in AOS, we all know this...Also, they don't have skin in the game given that they don't hold many MQX shares. On top of that, MQX is a highly leveraged firm and its future is uncertain because it's highly dependent on its lenders.

However, MQX properties at Michichi are good, so perhaps you want to check Traverse Energy (TVL) that drills at Michichi too.

TVL has high insider ownership and it's debt free too.

glta