MRC 0.00% 2.2¢ mineral commodities ltd

Ann: Quarterly Activities Report - March 2022, page-5

  1. 15,025 Posts.
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    Hi Marcus,

    The AGM is only a few months away, it will be interesting to see what vote MRC gets against the remuneration report.
    I believe a 50% vote against the remuneration report will trigger a vote to spill the board.
    How are you intending to vote for the resolutions?


    @Tasman66 It's a little baffling why MRC would complete additional exploration at Munglinup and Norway if their cash reserves were so low. I can only speculate that they know shipping of ilmenite was going to occur in early April to replenish their funds.
    I was surprised by how low the grades are at Tormin beach and the northern beaches for the QTR.
    MRC is now mining the virgin beaches 1-5 which should have higher grades and the inland strands is expected to commence mining in 2 months time. It would be good if they could secure a short-term loan to get this online much sooner.


 
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