Short Term Trading Week Starting: Tues 3rd Apr, page-234

I did say yesterday that my comments on MTC would be the last, but I'm prone to be full of BS at times

BCC, the large Chinese chemical manufacturer who have taken a stake can also buy another 5 million shares towards gaining a board seat.

Unless they are props, I'd say the pre-open bids are a small part of these, and they'll probably continue each day until they obtain their fill.

BCC to subscribe for 10,000,000 MTC shares at a price of $0.18 per share to raise $1,800,000 subject to 12 months’ escrow

• MTC to facilitate BCC share accumulation strategy by introducing third party shareholders (and advisors) for the acquisition of up to a further 5,000,000 MTC shares through on-market and offmarket purchases
• If BCC increases its share ownership to >12.5% through on-market and off-market share acquisitions to earn: o a right to participate in placements for 12 months to maintain ownership position o a right to match any project-level investment by a third party within 12 months up to 10% project-level interest
• If BCC increases its share ownership to >15% BCC will be entitled to an MTC board seat
• MTC and BCC will work in good faith to negotiate a project-level equity investment at its projects as part of a larger strategy to develop lithium carbonate / hydroxide beneficiation facility in Quebec underpinned by spodumene concentrate feed from MTC projects
https://hotcopper.com.au/threads/ann-bcc-receives-final-approval.4108108/#.WsViCohubIU

From our perspective, the question is what will this push the price to. I did note yesterday there was some trading going on, which is likely to increase as news gets out.

Personally, just sitting tight.