Management tried to secure the Wolverine 750tpa processing plant in the Yukon last year. This would have significantly fast-tracked copper production for MNQ's Fyre Lake asset 28km away. The deal looked like it was completed but unfortunately the Chinese owners + their legal counsel had other ideas.
Needless to say, everyone was quite disappointed.
Hopefully, the Board + management will be able to redeem themselves in the near future. I'm very certain the majority of the shareholders are currently in the red with their investments.
MNQ Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held