Dead Stock StandingChuck is a good guy, but he is a bad news bear.
More free shares @ 5 cents - not options and definitely not coupons - for debts that MTX owed to insiders like Nolan, Waisberg & Ulansky. Chief Nolan - VP of Noront - has done nothing for MTX except perhaps getting the Co. to spend money on some useless property near the Noront discovery. Nolan has no pull with the Atta FN. The insiders own little or no shares except out-of-money options. They flip off the shares as soon as there is liquidity.
The Co. is so pissed poor that it couldn't pay them cash for services rendered becaues it must be proven to TSX-V that it has no money in order to be approved for issuance of shares for cash. The Co. is clearly surviving by Chuck's largesse who has been bailing it out of the hole, but he seems to want to put money in another diamond stock DVI instead of MTX, though it could be a curse for that company as he moves in such a snail pace.
MTX is effectively bankrupt with a deficit hole of some $3.0 million in its equity account after blowing $100 million over 2 decades on fruitless ventures. All dead except some faint hopes, still No U2, No Quebec, No Morocco.
There is zero chance MTX can pick up the pieces of scrap metal from the Victor Mine demolition.
https://www.timminspress.com/2018/05/24/victor-closure-may-be-the-last-seen-of-de-beers