I wonderI wonder what's going on here with the stock price at an all-time low and the price of gold at an all-time high. I find it hard to believe there has been no other interest from other mining companies. In the end this company may get sold for $5 million (or 4 cents a share) and somebody will get their 6 projects at a bargain. The Bernard family has close to 30 million shares bought at much higher prices(I'd say the average cost is way over 10 cents) so I wonder how they feel about their investment. I wonder if there's been offers from other companies for joint venture financing and the management here has turned them down because they didn't like the deal. Or maybe there hasn't been any interest. How low is the price going to go before they give an update. The drilling season is short so time is running out.
This statement was taken from the April 26 news release:
Higher prices for copper, gold and silver have led to renewed interest from potential joint venture partners and investors. MTB continues to work toward joint venture financing and/or other sources of financing to continue to advance its various exploration projects.